General Electric Company (NYSE:GE) announced that it has signed an agreement to sell its 43% stake in Hyundai Card Co. (HCC) to Hyundai Commercial, Affinity Equity Partners, GIC and AlpInvest to exit its entire 43% ownership in HCC. Hyundai Card Co. is a joint venture between GE and Hyundai that issues credit cards in the South Korean market. Hyundai Commercial is an affiliate of Hyundai Motor Group.  Affinity is a leading private equity investor focusing on pan-Asia region. GIC is a sovereign wealth fund established by the government of Singapore and AlpInvest is a leading global private equity investor.

The transaction represents aggregate GE ending net investment (ENI) of approximately US$1.3 billion as of the end of the fourth quarter 2016. The transaction is expected to close around the end of February 2017.

“As we continue to sell most of the assets of GE Capital, we have worked with our joint venture partner, Hyundai, to find the solution that works best for all parties,” said Rich Laxer, GE Capital Chairman and CEO. “We’re pleased that we were able to fully exit our stakes in Hyundai Card Co. Hyundai has been a great partner over the last 12 years providing value for customers,” he added.

As previously announced, GE is focusing on its high-value industrial businesses and is selling most GE Capital assets.  GE will retain the financing businesses that relate directly to GE’s industrials.

Since the announcement in April, 2015, GE Capital has signed agreements for the sale of approximately US$198 billion of businesses, including this transaction, and has closed approximately US$190 billion of those transactions.  GE Capital has largely completed the process of selling approximately $200 billion of the GE Capital businesses.

Shares of General Electric closed yesterday at $29.7, down $0.26 or -0.87%. GE has a 1-year high of $33 and a 1-year low of $27.10. The stock’s 50-day moving average is $31.24 and its 200-day moving average is $30.65.

On the ratings front, GE stock has been the subject of a number of recent research reports. In a report issued on January 24, UBS analyst Shannon O’Callaghan assigned a Buy rating on GE, with a price target of $35, which represents a potential upside of 18% from where the stock is currently trading. On January 23, RBC’s Deane Dray reiterated a Buy rating on the stock and has a price target of $37.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Shannon O’Callaghan and Deane Dray have a yearly average return of 13.3% and 1.8% respectively. O’Callaghan has a success rate of 74% and is ranked #117 out of 4373 analysts, while Dray has a success rate of 51% and is ranked #1732.

Sentiment on the street is mostly bullish on GE stock. Out of 11 analysts who cover the stock, 8 suggest a Buy rating , 2 suggest a Hold and one recommends to Sell the stock. The 12-month average price target assigned to the stock is $36.00, which represents a potential upside of 21% from where the stock is currently trading.