General Electric (NYSE:GE) Given New $227.00 Price Target at Citigroup

General Electric (NYSE:GE - Free Report) had its price objective reduced by Citigroup from $235.00 to $227.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the conglomerate's stock.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the company 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 stock a "buy" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, Northcoast Research raised shares of 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 analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.73.

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General Electric Stock Performance

Shares of GE stock traded up $4.22 during mid-day trading on Thursday, reaching $185.89. The stock had a trading volume of 5,318,338 shares, compared to its average volume of 5,472,715. General Electric has a one year low of $146.78 and a one year high of $214.21. The firm has a market cap of $199.51 billion, a PE ratio of 31.03, a P/E/G ratio of 2.59 and a beta of 1.04. 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's 50 day simple moving average is $198.36 and its 200 day simple moving average is $186.61.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly 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 net margin of 14.31% and a return on equity of 22.19%. On average, analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently announced 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 is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is currently 24.04%.

Institutional Trading of General Electric

Large investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of General Electric in the third quarter worth $1,374,000. Continuum Advisory LLC grew its holdings in General Electric by 82.4% during the third quarter. Continuum Advisory LLC now owns 992 shares of the conglomerate's stock worth $177,000 after acquiring an additional 448 shares during the period. TD Private Client Wealth LLC lifted its holdings in General Electric by 38.9% in the third quarter. TD Private Client Wealth LLC now owns 20,563 shares of the conglomerate's stock valued at $3,878,000 after acquiring an additional 5,755 shares during the period. Virtu Financial LLC acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $3,400,000. Finally, Westside Investment Management Inc. lifted its stake in shares of General Electric by 6.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate's stock valued at $235,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

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.