Arrowstreet Capital Limited Partnership Grows Position in General Electric (NYSE:GE)

Arrowstreet Capital Limited Partnership grew its position in General Electric (NYSE:GE - Free Report) by 298.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,178 shares of the conglomerate's stock after acquiring an additional 114,764 shares during the period. Arrowstreet Capital Limited Partnership's holdings in General Electric were worth $25,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. American Money Management LLC boosted its position in shares of General Electric by 3.4% during the 4th quarter. American Money Management LLC now owns 17,209 shares of the conglomerate's stock worth $2,870,000 after purchasing an additional 566 shares in the last quarter. Okabena Investment Services Inc. boosted its holdings in General Electric by 5.8% during the fourth quarter. Okabena Investment Services Inc. now owns 11,093 shares of the conglomerate's stock worth $1,850,000 after buying an additional 609 shares in the last quarter. Allianz SE purchased a new position in General Electric in the fourth quarter valued at about $7,481,000. Cambridge Financial Group Inc. purchased a new position in General Electric in the fourth quarter valued at about $6,145,000. Finally, Intrust Bank NA lifted its position in shares of General Electric by 46.8% during the 4th quarter. Intrust Bank NA now owns 4,937 shares of the conglomerate's stock valued at $823,000 after acquiring an additional 1,573 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GE shares. Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. 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 report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $214.73.

General Electric Trading Up 0.2 %

General Electric stock traded up $0.40 during trading on Monday, hitting $167.21. The company's stock had a trading volume of 18,538,127 shares, compared to its average volume of 5,452,482. The stock's fifty day moving average is $201.02 and its 200 day moving average is $186.96. General Electric has a 1-year low of $146.78 and a 1-year high of $214.21. The stock has a market capitalization of $179.46 billion, a price-to-earnings ratio of 27.91, a P/E/G 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.

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

General Electric Increases Dividend

The business 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is 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.