Corient Private Wealth LLC Has $38.50 Million Stock Position in General Electric (NYSE:GE)

Corient Private Wealth LLC grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,948 shares of the conglomerate's stock after purchasing an additional 6,199 shares during the quarter. Corient Private Wealth LLC's holdings in General Electric were worth $38,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Ascent Capital Management LLC acquired a new stake in shares of General Electric in the fourth quarter worth $365,000. Avalon Trust Co lifted its position in shares of General Electric by 604.6% during the 4th quarter. Avalon Trust Co now owns 458 shares of the conglomerate's stock worth $76,000 after purchasing an additional 393 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new position in General Electric in the 4th quarter worth approximately $29,000. one8zero8 LLC bought a new stake in shares of General Electric in the fourth quarter valued at approximately $240,000. Finally, Choate Investment Advisors grew its stake in shares of General Electric by 2.3% in the fourth quarter. Choate Investment Advisors now owns 16,054 shares of the conglomerate's stock worth $2,678,000 after acquiring an additional 355 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Citigroup raised their price target 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. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Price Performance

GE traded up $0.06 during midday trading on Friday, hitting $203.99. The company had a trading volume of 7,960,146 shares, compared to its average volume of 5,375,020. General Electric has a twelve month low of $133.99 and a twelve month high of $212.19. The company has a market capitalization of $218.94 billion, a PE ratio of 34.06, a P/E/G ratio of 2.59 and a beta of 1.19. 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's 50-day simple moving average is $197.98 and its 200-day simple moving average is $184.67.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. Equities research analysts predict that General Electric will post 5.4 EPS 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. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio (DPR) is presently 24.04%.

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.