Assetmark Inc. Boosts Position in General Electric (NYSE:GE)

Assetmark Inc. increased its stake in shares of General Electric (NYSE:GE - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 312,142 shares of the conglomerate's stock after purchasing an additional 40,091 shares during the period. Assetmark Inc.'s holdings in General Electric were worth $52,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GE. Valley Wealth Managers Inc. purchased a new stake in General Electric during the third quarter valued at approximately $25,000. Hager Investment Management Services LLC purchased a new stake in General Electric during the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the third quarter valued at approximately $28,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric during the fourth quarter valued at approximately $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in General Electric during the third quarter valued at approximately $30,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Price Performance

GE stock traded down $1.97 during trading on Friday, hitting $194.08. 7,681,174 shares of the company's stock traded hands, compared to its average volume of 5,375,542. General Electric has a 52 week low of $130.38 and a 52 week high of $212.19. 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 business has a fifty day simple moving average of $193.02 and a 200 day simple moving average of $183.11. The stock has a market capitalization of $208.31 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 2.59 and a beta of 1.19.

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General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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, research analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed 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 of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.74%. 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%.

Analysts Set New Price Targets

A number of analysts have commented on GE shares. Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Citigroup upped their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Finally, UBS Group upped their price target 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. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

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.