AIA Group Ltd Grows Position in General Electric (NYSE:GE)

AIA Group Ltd raised its stake in shares of General Electric (NYSE:GE - Free Report) by 85.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,978 shares of the conglomerate's stock after purchasing an additional 18,897 shares during the period. AIA Group Ltd's holdings in General Electric were worth $6,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC lifted its stake in General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of General Electric during the 4th quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in General Electric during the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Electric during the fourth quarter worth $29,000. Finally, Picton Mahoney Asset Management grew its holdings 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 during the last quarter. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GE has been the subject of several research reports. UBS Group boosted their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, General Electric presently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Stock Performance

Shares of NYSE:GE traded down $10.09 on Thursday, hitting $189.68. 5,879,871 shares of the company were exchanged, compared to its average volume of 5,431,123. The firm has a market capitalization of $203.58 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1-year low of $138.01 and a 1-year high of $214.21. The stock's 50 day moving average price is $202.43 and its 200 day moving average price is $187.12.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly 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 return on equity of 22.19% and a net margin of 14.31%. Sell-side analysts predict that General Electric will post 5.4 EPS for the current 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 given a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.76%. General Electric's dividend payout ratio (DPR) 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.