Bank of Montreal Can grew its holdings in General Electric (NYSE:GE - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,532,121 shares of the conglomerate's stock after acquiring an additional 133,381 shares during the quarter. Bank of Montreal Can owned 0.14% of General Electric worth $255,543,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. New Age Alpha Advisors LLC grew its stake in General Electric by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of General Electric during the fourth quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in General Electric in the fourth quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new position in General Electric in the 4th quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in General Electric during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.
General Electric Price Performance
GE traded up $0.06 during midday trading on Friday, hitting $181.57. 3,000,686 shares of the company traded hands, compared to its average volume of 5,467,620. The business has a 50 day simple moving average of $198.78 and a two-hundred day simple moving average of $186.65. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21. The company has a market capitalization of $194.88 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.
General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.
General Electric Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is presently 24.04%.
Analyst Ratings Changes
Several analysts have recently commented on the stock. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Citigroup lowered their target price on General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $212.73.
Check Out Our Latest Research Report on General Electric
General Electric Profile
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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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