Cullen Frost Bankers Inc. Has $14.84 Million Holdings in General Electric (NYSE:GE)

Cullen Frost Bankers Inc. increased its stake in General Electric (NYSE:GE - Free Report) by 45.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,979 shares of the conglomerate's stock after purchasing an additional 27,596 shares during the period. Cullen Frost Bankers Inc.'s holdings in General Electric were worth $14,841,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new position in shares of General Electric during the third quarter valued at $25,000. Peterson Financial Group Inc. bought a new stake in General Electric during the 3rd quarter worth about $28,000. RPg Family Wealth Advisory LLC acquired a new position in General Electric during the 3rd quarter valued at about $30,000. Hager Investment Management Services LLC acquired a new position in General Electric during the 4th quarter valued at about $27,000. Finally, Costello Asset Management INC boosted its stake in shares of General Electric by 92.0% in the 3rd quarter. Costello Asset Management INC now owns 167 shares of the conglomerate's stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent research reports. Citigroup boosted 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. Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Stock Down 1.0 %

Shares of GE stock traded down $1.97 during trading hours on Friday, hitting $194.08. 7,681,174 shares of the company were exchanged, compared to its average volume of 5,375,542. The company has a market capitalization of $208.31 billion, a PE ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 52 week low of $130.38 and a 52 week high of $212.19. The business has a 50 day moving average of $193.02 and a two-hundred day moving average of $183.11.

General Electric (NYSE:GE - Get Free Report) last posted 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 return on equity of 22.19% and a net margin of 14.31%. Analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

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