APG Asset Management N.V. Has $147.34 Million Stake in General Electric (NYSE:GE)

APG Asset Management N.V. raised its position in General Electric (NYSE:GE - Free Report) by 402.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 914,738 shares of the conglomerate's stock after purchasing an additional 732,799 shares during the quarter. APG Asset Management N.V. owned 0.09% of General Electric worth $147,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC grew its position in shares of General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in General Electric during the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in General Electric during the fourth quarter valued at about $28,000. Sugar Maple Asset Management LLC acquired a new position in General Electric in the fourth quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in General Electric during the fourth quarter valued at about $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GE. Citigroup dropped their price objective on shares of General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their price objective on General Electric from $250.00 to $203.00 and set an "overweight" rating on the stock in a report on Tuesday. UBS Group boosted their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their target price 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. Finally, Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, General Electric currently has an average rating of "Moderate Buy" and an average price target of $212.73.

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General Electric Stock Performance

GE traded up $0.09 during trading on Friday, reaching $181.60. 6,490,484 shares of the company's stock were exchanged, compared to its average volume of 5,478,609. The company has a market capitalization of $194.91 billion, a P/E ratio of 30.32, a PEG ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $198.36 and a 200 day moving average price of $186.59. General Electric has a fifty-two week low of $146.78 and a fifty-two week high of $214.21.

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 (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%. As a group, analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.79%. General Electric's payout ratio is currently 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.