Commerzbank Aktiengesellschaft FI Boosts Holdings in General Electric (NYSE:GE)

Commerzbank Aktiengesellschaft FI increased its position in shares of General Electric (NYSE:GE - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,690 shares of the conglomerate's stock after acquiring an additional 7,052 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in General Electric were worth $13,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GE. Catalyst Capital Advisors LLC increased its position in shares of General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after purchasing an additional 146 shares in the last quarter. Johnson & White Wealth Management LLC purchased a new position in General Electric during the 4th quarter worth $733,000. State Street Corp increased its position 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 buying an additional 898,296 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in General Electric by 269.8% in the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after buying an additional 20,575 shares during the last quarter. Finally, World Investment Advisors LLC boosted its holdings in General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after acquiring an additional 5,162 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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General Electric Stock Performance

General Electric stock traded down $1.97 during midday trading on Friday, hitting $194.08. 7,681,174 shares of the company were exchanged, compared to its average volume of 5,375,542. The business has a fifty day simple moving average of $192.54 and a two-hundred day simple moving average of $182.86. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market capitalization of $208.31 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a fifty-two week low of $130.38 and a fifty-two week high of $212.19.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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, sell-side analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 24.04%.

Analysts Set New Price Targets

GE has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric presently has an average rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric 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.