Advisory Services Network LLC Increases Stock Position in General Electric (NYSE:GE)

Advisory Services Network LLC raised its position in shares of General Electric (NYSE:GE - Free Report) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,935 shares of the conglomerate's stock after purchasing an additional 5,754 shares during the quarter. Advisory Services Network LLC's holdings in General Electric were worth $8,495,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC raised its position in shares of General Electric by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after purchasing an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of General Electric by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate's stock worth $56,000 after acquiring an additional 50 shares during the last quarter. Ballast Advisors LLC increased its position in shares of General Electric by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock worth $349,000 after purchasing an additional 51 shares in the last quarter. Blue Barn Wealth LLC boosted its stake in General Electric by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after purchasing an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC grew its holdings in shares of General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after buying an additional 55 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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General Electric Stock Up 0.1 %

GE stock traded up $0.09 during mid-day trading on Friday, reaching $181.60. The company had a trading volume of 6,490,484 shares, compared to its average volume of 5,473,118. General Electric has a fifty-two week low of $146.78 and a fifty-two week high of $214.21. The company has a market capitalization of $194.91 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a fifty day simple moving average of $198.36 and a 200 day simple moving average of $186.61.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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%. Analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's payout ratio is 24.04%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup cut their price objective on shares of General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday. UBS Group lifted their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note 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 target on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric has an average rating of "Moderate Buy" and a consensus price target of $212.73.

About General Electric

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.