Wayfinding Financial LLC Takes $205,000 Position in General Electric (NYSE:GE)

Wayfinding Financial LLC acquired a new stake in shares of General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,233 shares of the conglomerate's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Hager Investment Management Services LLC purchased a new position in General Electric during the 4th quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC acquired a new position in General Electric during the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the 3rd quarter valued at about $30,000. Finally, Picton Mahoney Asset Management lifted its position in shares of General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock worth $30,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

General Electric Stock Performance

Shares of GE traded up $1.42 on Tuesday, reaching $211.65. 1,535,214 shares of the stock traded hands, compared to its average volume of 5,350,355. The firm has a market cap of $227.16 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a 12 month low of $133.99 and a 12 month high of $212.19. The stock's 50-day moving average price is $199.41 and its 200-day moving average price is $185.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

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General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.68%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is currently 24.04%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.31.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.