Farringdon Capital Ltd. Takes Position in General Electric (NYSE:GE)

Farringdon Capital Ltd. acquired a new position in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,227 shares of the conglomerate's stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gratus Wealth Advisors LLC grew its position in General Electric by 38.5% in the 4th quarter. Gratus Wealth Advisors LLC now owns 7,190 shares of the conglomerate's stock valued at $1,199,000 after acquiring an additional 2,000 shares in the last quarter. Advent Capital Management DE boosted its stake in shares of General Electric by 33.3% in the 4th quarter. Advent Capital Management DE now owns 16,000 shares of the conglomerate's stock valued at $2,669,000 after buying an additional 4,000 shares during the period. MSH Capital Advisors LLC purchased a new stake in shares of General Electric during the fourth quarter worth approximately $241,000. NewEdge Advisors LLC raised its holdings in General Electric by 3.4% in the fourth quarter. NewEdge Advisors LLC now owns 83,913 shares of the conglomerate's stock valued at $13,996,000 after acquiring an additional 2,776 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in General Electric by 142.3% in the fourth quarter. Main Street Financial Solutions LLC now owns 4,535 shares of the conglomerate's stock worth $756,000 after acquiring an additional 2,663 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GE. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. UBS Group upped their price objective 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. Citigroup decreased their target price on General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company raised their price objective on shares of General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

General Electric Price Performance

General Electric stock traded down $0.57 during trading hours on Friday, hitting $181.88. The stock had a trading volume of 4,927,432 shares, compared to its average volume of 5,436,847. General Electric has a 1-year low of $148.83 and a 1-year high of $214.21. The stock has a market capitalization of $195.21 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.59 and a beta of 1.04. The stock's fifty day moving average is $196.12 and its two-hundred day moving average is $186.52. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is presently 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.