MMA Asset Management LLC Acquires Shares of 2,180 General Electric (NYSE:GE)

MMA Asset Management LLC purchased a new position in shares of General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,180 shares of the conglomerate's stock, valued at approximately $364,000.

A number of other large investors also recently modified their holdings of GE. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the third quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the 3rd quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric during the third quarter valued at about $30,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric in the 4th quarter worth approximately $27,000. Finally, Costello Asset Management INC boosted its stake in General Electric by 92.0% during the 3rd quarter. Costello Asset Management INC now owns 167 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 80 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on GE shares. JPMorgan Chase & Co. lifted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Trading Up 1.9 %

Shares of GE traded up $3.84 during mid-day trading on Wednesday, reaching $202.61. 6,212,739 shares of the company were exchanged, compared to its average volume of 5,314,580. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 52 week low of $126.78 and a 52 week high of $212.19. The business has a 50 day simple moving average of $191.44 and a two-hundred day simple moving average of $182.63. The stock has a market capitalization of $217.46 billion, a PE ratio of 33.83, a PEG ratio of 2.59 and a beta of 1.22.

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

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.71%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is currently 24.04%.

General Electric Company 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.