CreativeOne Wealth LLC Acquires 3,740 Shares of General Electric (NYSE:GE)

CreativeOne Wealth LLC increased its stake in General Electric (NYSE:GE - Free Report) by 16.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,734 shares of the conglomerate's stock after acquiring an additional 3,740 shares during the period. CreativeOne Wealth LLC's holdings in General Electric were worth $4,459,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GE. Virtu Financial LLC purchased a new position in General Electric in the 3rd quarter worth $3,400,000. 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 acquiring an additional 70 shares during the last quarter. Diamant Asset Management Inc. grew its position in General Electric by 2.7% during the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate's stock worth $1,150,000 after acquiring an additional 158 shares during the last quarter. Morse Asset Management Inc increased its stake in General Electric by 30.2% in the 3rd quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate's stock worth $3,511,000 after purchasing an additional 4,320 shares during the period. Finally, SkyView Investment Advisors LLC boosted its stake in shares of General Electric by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate's stock valued at $2,308,000 after purchasing an additional 232 shares during the period. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GE shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Bank of America lifted 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. UBS Group increased their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Citigroup lowered their target price on General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric presently has a consensus rating of "Moderate Buy" and an average price target of $213.33.

General Electric Stock Performance

NYSE:GE traded down $0.57 during mid-day trading on Friday, reaching $181.88. The company's stock had a trading volume of 4,927,432 shares, compared to its average volume of 5,456,285. General Electric has a 12-month low of $146.78 and a 12-month high of $214.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm's fifty day moving average price is $196.66 and its two-hundred day moving average price is $186.53. The stock has a market cap of $195.21 billion, a P/E ratio of 30.36, a PEG ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. On average, equities analysts forecast 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. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) 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.