Advisor OS LLC Has $1.02 Million Holdings in General Electric (NYSE:GE)

Advisor OS LLC boosted its position in General Electric (NYSE:GE - Free Report) by 26.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,142 shares of the conglomerate's stock after purchasing an additional 1,286 shares during the period. Advisor OS LLC's holdings in General Electric were worth $1,024,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of GE. Valley Wealth Managers Inc. acquired a new stake in General Electric in the 3rd quarter valued at about $25,000. Hager Investment Management Services LLC acquired a new stake in General Electric in the 4th quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the 3rd quarter valued at about $28,000. Sugar Maple Asset Management LLC acquired a new stake in General Electric in the 4th quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in General Electric in the 3rd quarter valued at about $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. Finally, UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, General Electric has a consensus rating of "Moderate Buy" and an average price target of $211.31.

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General Electric Stock Performance

Shares of GE traded up $5.79 during mid-day trading on Friday, hitting $207.22. 6,116,408 shares of the company's stock were exchanged, compared to its average volume of 5,268,165. General Electric has a 52 week low of $124.08 and a 52 week high of $212.19. The stock's 50-day simple moving average is $190.24 and its 200-day simple moving average is $182.00. The firm has a market cap of $222.40 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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

General Electric Increases Dividend

The business also recently announced 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 represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is presently 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.