B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in General Electric (NYSE:GE)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in General Electric (NYSE:GE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,990 shares of the conglomerate's stock, valued at approximately $6,787,000.

Other hedge funds also recently modified their holdings of the company. Capital International Investors increased its stake in General Electric by 9.9% in the 1st quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate's stock valued at $10,373,936,000 after buying an additional 5,309,543 shares during the last quarter. Newport Trust Company LLC bought a new position in shares of General Electric in the second quarter valued at approximately $2,613,332,000. Capital World Investors increased its position in shares of General Electric by 2,818.1% during the first quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate's stock valued at $2,237,930,000 after acquiring an additional 12,312,648 shares during the last quarter. Legal & General Group Plc lifted its holdings in General Electric by 5.8% during the second quarter. Legal & General Group Plc now owns 8,405,731 shares of the conglomerate's stock worth $1,336,257,000 after acquiring an additional 459,201 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in General Electric by 221.6% in the first quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate's stock worth $1,250,079,000 after purchasing an additional 4,907,530 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Activity at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.66% of the stock is owned by corporate insiders.

General Electric Trading Up 0.0 %

NYSE:GE opened at $177.56 on Wednesday. General Electric has a 1 year low of $94.54 and a 1 year high of $194.80. The stock's fifty day moving average price is $182.75 and its two-hundred day moving average price is $170.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $192.17 billion, a P/E ratio of 31.20, a P/E/G ratio of 1.75 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the company posted $0.82 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts expect that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. General Electric's dividend payout ratio (DPR) is currently 19.68%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GE. Deutsche Bank Aktiengesellschaft raised their target price on General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Barclays raised their price objective on shares of General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Melius Research lifted their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of General Electric from $205.00 to $210.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $200.93.

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.

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