Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of General Electric (NYSE:GE - Free Report) by 15,750.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 768,588 shares of the conglomerate's stock after acquiring an additional 763,739 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.07% of General Electric worth $138,368,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of GE. Valley Wealth Managers Inc. acquired a new stake in General Electric in the third quarter valued at approximately $25,000. Hager Investment Management Services LLC purchased a new stake in General Electric in the 4th quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new position in General Electric during the fourth quarter valued at $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of General Electric in the third quarter valued at about $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. UBS Group boosted their price target on 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 price objective on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $211.31.
View Our Latest Report on GE
General Electric Trading Up 0.0 %
Shares of GE stock traded up $0.03 on Tuesday, hitting $192.15. The stock had a trading volume of 1,588,419 shares, compared to its average volume of 5,307,382. The company's 50 day moving average price is $193.49 and its 200-day moving average price is $183.35. General Electric has a 1 year low of $131.14 and a 1 year high of $212.19. 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 firm has a market capitalization of $206.23 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.59 and a beta of 1.19.
General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 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%. Analysts anticipate that General Electric will post 5.4 earnings per share for the current year.
General Electric Increases Dividend
The company 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 $0.36 dividend. The ex-dividend date is Monday, March 10th. This is an increase 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 0.75%. General Electric's dividend payout ratio is currently 24.04%.
General Electric Company Profile
(
Free Report)
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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