General Electric Co. (GE) is a multinational industrial company. GE offers a range of products and services, including aircraft engines, power generation, oil and gas production equipment, medical imaging, financing, and more. The company operates through the following segments: power, renewable energy, aviation, healthcare and a financial services segment called GE Capital.
Major shareholders of GE are H. Lawrence Culp, Jr., Russell Stokes, Jeffrey S. Bornstein, T. Rowe Price Associates Inc., Vanguard Group Inc., and BlackRock Inc. (noir).
GE’s 12-month net profit and revenue were $3.8 billion and $83.9 billion, respectively. From the company market capitalization is about $100.4 billion. This financial data is as of January 26, 2021.
“Insider” means persons in senior management positions and members of the board of directors, as well as persons or entities who hold more than 10% of the shares of the company. In this context, it has nothing to do with insider trading.
Top 3 insider individual shareholders
H.Lawrence Culp, Jr.
H. Lawrence Culp, Jr. owns a total of 13.9 million GE shares, representing 0.16% of the company’s total outstanding shares. Culp is chairman and CEO of GE (CEO). He first joined the company’s Board of Directors in April 2018 and assumed the role of CEO in October 2018. Prior to joining GE, he served as Chairman and CEO of Danaher Corp. (HRD) between 2000 and 2014. During that time, Culp helped Danaher grow its revenue and market value fivefold. He was listed by Harvard Business Review as one of the top 50 CEOs in the world.
Russell Stokes owns a total of 274,317 GE shares, which represents less than 0.01% of the company’s total outstanding shares. Stokes is currently GE’s Senior Vice President and President and CEO of the GE Power Portfolio Business, roles he has held since June 2017. He is responsible for leading the company’s technology strategy, of solutions and services across the entire energy value chain. Stokes has held numerous positions at GE, including as CEO of GE Power, President and CEO of GE Energy Connections, President and CEO of GE Transportation, as well as senior roles in finance, operations and services within from GE Transportation, GE Aviation and GE Lighting.
Jeffrey S. Bornstein
Jeffrey Bornstein owns a total of 188,645 GE shares, representing less than 0.01% of the company’s total outstanding shares. Bornstein is Managing Partner of Generation Capital Partners, a private equity firm which he joined in December 2019. He has served as an investor, board advisor and/or board member of several other companies between 2018 and 2019. Prior to that, he worked at GE for 28 years. Bornstein’s last roles at GE before leaving the company in December 2017 were as vice president and chief financial officer (CFO). He played a pivotal role in helping GE streamline into a more focused industrial company through major restructuring.
Top 3 institutional shareholders
Institutional investors hold between 60 and 62% of the total shares outstanding.
T. Rowe Price Associates Inc.
T. Rowe Price Associates owns 733.9 million shares of GE, or 8.4% of total shares outstanding, according to the company’s 13F filing for the period ending September 30, 2020. T. Rowe Price Associates is a subsidiary of T. Rowe Price Group Inc. (TRUE), which is a global investment management firm with approximately $1.3 trillion in assets under management (AT M). The company offers both exchange-traded funds (AND F) and mutual funds.Its largest ETF, the T. Rowe Price Blue Chip Growth ETF (TCHP), has $78.7 million in assets under management. GE represents less than 0.2% of the fund’s total assets.
Vanguard Group Inc.
The Vanguard Group owns 646.0 million shares of GE, or 7.4% of total shares outstanding, according to the company’s 13F filing for the period ending September 30, 2020.The company is primarily a mutual fund and ETF management company with approximately $6.2 trillion in global assets under management.The Vanguard S&P 500 ETF (FLIGHT) is one of the company’s largest ETFs with approximately $184 billion in assets under management. GE holds 0.3% of VOO’s stake.
BlackRock owns 564.3 million shares of GE, or 6.4% of total shares outstanding, according to the company’s 13F filing for the period ending September 30, 2020.The company is primarily a mutual fund and ETF management company with approximately $8.68 trillion in assets under management.The iShares Core S&P 500 ETF (IVV) is one of BlackRock’s largest ETFs with approximately $242 billion in assets under management. GE holds 0.3% of IVV’s stake.
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