General Electric (NYSE:GE) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in General Electric (NYSE:GE - Free Report) by 51.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,714 shares of the conglomerate's stock after selling 30,023 shares during the period. Bessemer Group Inc.'s holdings in General Electric were worth $4,790,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of General Electric by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate's stock worth $14,980,297,000 after buying an additional 410,172 shares during the period. FMR LLC raised its stake in General Electric by 1.5% during the 4th quarter. FMR LLC now owns 66,823,968 shares of the conglomerate's stock worth $11,145,570,000 after acquiring an additional 965,012 shares during the period. Geode Capital Management LLC lifted its holdings in General Electric by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the conglomerate's stock valued at $3,846,587,000 after purchasing an additional 529,457 shares in the last quarter. Norges Bank bought a new position in shares of General Electric in the fourth quarter worth approximately $2,375,439,000. Finally, Invesco Ltd. increased its stake in shares of General Electric by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate's stock worth $1,591,970,000 after purchasing an additional 1,204,910 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America lifted their target price on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company increased their target price on General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Northcoast Research upgraded General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $213.33.

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General Electric Stock Down 0.0 %

Shares of GE traded down $0.08 during mid-day trading on Tuesday, hitting $185.92. The company's stock had a trading volume of 2,888,751 shares, compared to its average volume of 5,463,029. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company's 50-day moving average is $197.99 and its 200-day moving average is $186.61. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21. The firm has a market capitalization of $199.55 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, equities research analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is 24.04%.

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.