Asset Management One Co. Ltd. Grows Position in General Electric (NYSE:GE)

Asset Management One Co. Ltd. boosted its position in shares of General Electric (NYSE:GE - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 443,365 shares of the conglomerate's stock after buying an additional 10,254 shares during the quarter. Asset Management One Co. Ltd.'s holdings in General Electric were worth $75,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in General Electric during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric in the 3rd quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric in the 3rd quarter worth $27,000. Hager Investment Management Services LLC purchased a new stake in General Electric in the fourth quarter worth about $27,000. Finally, Peterson Financial Group Inc. purchased a new stake in General Electric in the third quarter worth about $28,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GE. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. UBS Group upped their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Melius Research upped their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Finally, Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has an average rating of "Moderate Buy" and an average target price of $208.73.

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General Electric Stock Performance

NYSE:GE traded up $0.26 during trading hours on Monday, reaching $208.62. The company had a trading volume of 4,267,083 shares, compared to its average volume of 6,009,583. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business's 50 day moving average price is $182.66 and its 200-day moving average price is $179.40. General Electric has a 1-year low of $117.43 and a 1-year high of $211.42. The firm has a market cap of $223.91 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. Research analysts forecast that General Electric will post 5.39 EPS for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. 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 dividend yield of 0.69%. General Electric's dividend payout ratio (DPR) is 18.70%.

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.