FFT Wealth Management LLC Takes $338,000 Position in General Electric (NYSE:GE)

FFT Wealth Management LLC bought a new stake in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,029 shares of the conglomerate's stock, valued at approximately $338,000.

Several other institutional investors have also recently added to or reduced their stakes in GE. Assenagon Asset Management S.A. raised its stake in General Electric by 0.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate's stock valued at $5,784,000 after purchasing an additional 209 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of General Electric by 1.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,891 shares of the conglomerate's stock valued at $2,054,000 after acquiring an additional 176 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of General Electric by 13.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 259,560 shares of the conglomerate's stock valued at $49,012,000 after acquiring an additional 30,383 shares during the last quarter. Orrstown Financial Services Inc. increased its stake in shares of General Electric by 556.5% during the 3rd quarter. Orrstown Financial Services Inc. now owns 10,143 shares of the conglomerate's stock valued at $1,913,000 after acquiring an additional 8,598 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in shares of General Electric by 22.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 7,682 shares of the conglomerate's stock valued at $1,381,000 after acquiring an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on GE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. 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 research note on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Finally, Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating for the company. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Stock Up 2.9 %

NYSE GE traded up $5.79 on Friday, reaching $207.22. The company had a trading volume of 6,116,408 shares, compared to its average volume of 5,268,165. The firm has a market capitalization of $222.40 billion, a PE ratio of 34.59, a P/E/G ratio of 2.59 and a beta of 1.22. General Electric has a 1 year low of $124.08 and a 1 year high of $212.19. The firm has a 50-day moving average of $190.24 and a 200-day moving average of $182.00. 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 released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. General Electric's dividend payout ratio is 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.