Amalgamated Bank Lowers Holdings in General Electric (NYSE:GE)

Amalgamated Bank decreased its holdings in shares of General Electric (NYSE:GE - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,862 shares of the conglomerate's stock after selling 6,517 shares during the quarter. Amalgamated Bank's holdings in General Electric were worth $37,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new stake in shares of General Electric during the 3rd quarter valued at $25,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter worth about $27,000. Peterson Financial Group Inc. purchased a new position in General Electric during the 3rd quarter valued at about $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric during the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the third quarter worth about $30,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GE shares. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Redburn Atlantic started coverage on General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $211.31.

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General Electric Stock Performance

Shares of NYSE:GE traded up $5.79 during midday trading on Friday, reaching $207.22. 6,116,408 shares of the company's stock traded hands, compared to its average volume of 5,268,165. The stock has a 50 day moving average of $189.46 and a 200 day moving average of $181.72. 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 company has a market cap of $222.40 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 2.59 and a beta of 1.21. General Electric has a one year low of $124.08 and a one year high of $212.19.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.69%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is presently 24.04%.

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.