Bryn Mawr Capital Management LLC Has $971,000 Stock Holdings in General Electric (NYSE:GE)

Bryn Mawr Capital Management LLC lowered its stake in shares of General Electric (NYSE:GE - Free Report) by 26.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,821 shares of the conglomerate's stock after selling 2,055 shares during the period. Bryn Mawr Capital Management LLC's holdings in General Electric were worth $971,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Valley Wealth Managers Inc. acquired a new position in General Electric in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric during the third quarter valued at approximately $27,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric in the third quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Electric in the fourth quarter worth $29,000. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GE shares. 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. Bank of America upped 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. JPMorgan Chase & Co. increased their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $211.31.

General Electric Price Performance

Shares of NYSE:GE traded down $8.84 during midday trading on Friday, reaching $199.90. The company's stock had a trading volume of 5,410,517 shares, compared to its average volume of 5,419,847. The business's fifty day simple moving average is $185.89 and its 200-day simple moving average is $180.43. 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 fifty-two week low of $119.88 and a fifty-two week high of $212.19. The company has a market capitalization of $214.55 billion, a P/E 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 quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.72%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is 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.