Bank of Marin Invests $246,000 in General Electric (NYSE:GE)

Bank of Marin acquired a new stake in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,475 shares of the conglomerate's stock, valued at approximately $246,000.

Several other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in General Electric during the 3rd quarter worth approximately $30,000. Hager Investment Management Services LLC purchased a new position in General Electric during the fourth quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the 4th quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Electric during the 4th quarter valued at approximately $29,000. Finally, Picton Mahoney Asset Management grew its stake in General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 68 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Trading Up 0.0 %

General Electric stock traded up $0.06 during midday trading on Friday, reaching $203.99. The stock had a trading volume of 7,960,224 shares, compared to its average volume of 5,356,361. The firm's fifty day simple moving average is $198.63 and its two-hundred day simple moving average is $185.01. The firm has a market cap of $218.94 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a twelve month low of $133.99 and a twelve month high of $212.19.

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General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared 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. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.71%. The ex-dividend date is Monday, March 10th. General Electric's payout ratio is currently 24.04%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a "neutral" rating on the stock. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

General Electric 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.