CIBC Private Wealth Group LLC Lowers Holdings in General Electric (NYSE:GE)

CIBC Private Wealth Group LLC trimmed its holdings in General Electric (NYSE:GE - Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,880 shares of the conglomerate's stock after selling 10,155 shares during the quarter. CIBC Private Wealth Group LLC's holdings in General Electric were worth $15,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Erste Asset Management GmbH bought a new position in General Electric during the third quarter valued at approximately $53,000. FSA Wealth Management LLC bought a new position in shares of General Electric during the 3rd quarter valued at approximately $54,000. Paloma Partners Management Co bought a new position in shares of General Electric during the 3rd quarter valued at approximately $270,000. Atom Investors LP grew its holdings in shares of General Electric by 103.2% in the third quarter. Atom Investors LP now owns 11,340 shares of the conglomerate's stock valued at $2,138,000 after purchasing an additional 5,759 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in General Electric by 1,025.1% in the third quarter. Benjamin Edwards Inc. now owns 15,403 shares of the conglomerate's stock worth $2,905,000 after purchasing an additional 14,034 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GE shares. Citigroup lifted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Redburn Atlantic began coverage on General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, General Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Trading Down 11.1 %

GE stock traded down $20.87 during mid-day trading on Friday, reaching $166.76. The company had a trading volume of 18,160,091 shares, compared to its average volume of 5,437,702. The company has a market capitalization of $178.98 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The firm has a 50 day moving average of $201.56 and a 200 day moving average of $187.02. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21. 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 (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%. On average, equities analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.86%. 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 dividend payout ratio (DPR) 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.