Bradley Foster & Sargent Inc. CT Acquires 2,856 Shares of General Electric (NYSE:GE)

Bradley Foster & Sargent Inc. CT increased its stake in shares of General Electric (NYSE:GE - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,777 shares of the conglomerate's stock after buying an additional 2,856 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in General Electric were worth $17,309,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GE. Jennison Associates LLC boosted its position in General Electric by 91.8% in the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock valued at $1,465,598,000 after buying an additional 3,719,894 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of General Electric by 21,069.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate's stock worth $598,391,000 after acquiring an additional 3,158,153 shares in the last quarter. Janus Henderson Group PLC grew its position in General Electric by 505.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate's stock worth $359,882,000 after acquiring an additional 1,593,413 shares during the last quarter. Franklin Resources Inc. increased its holdings in General Electric by 206.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock valued at $278,247,000 after purchasing an additional 973,135 shares in the last quarter. Finally, State Street Corp increased its holdings in General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after purchasing an additional 898,296 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group increased their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research 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 research report on Monday, January 27th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric Trading Down 4.2 %

Shares of General Electric stock traded down $8.84 during trading on Friday, reaching $199.90. 5,410,517 shares of the company were exchanged, compared to its average volume of 5,419,847. General Electric has a twelve month low of $119.88 and a twelve month high of $212.19. The business has a 50-day moving average price of $185.89 and a 200-day moving average price of $180.43. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $214.55 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.62 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results 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%. Sell-side analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company 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 0.72%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 24.04%.

General Electric Company 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.