GAM Holding AG Makes New Investment in General Electric (NYSE:GE)

GAM Holding AG purchased a new position in General Electric (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,009 shares of the conglomerate's stock, valued at approximately $4,672,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its holdings in shares of General Electric by 9.0% during the third quarter. Creative Planning now owns 196,581 shares of the conglomerate's stock worth $37,071,000 after purchasing an additional 16,258 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in General Electric by 11.4% during the third quarter. Resonant Capital Advisors LLC now owns 3,912 shares of the conglomerate's stock valued at $739,000 after purchasing an additional 399 shares during the period. Cyndeo Wealth Partners LLC lifted its position in General Electric by 27.5% during the third quarter. Cyndeo Wealth Partners LLC now owns 3,076 shares of the conglomerate's stock valued at $580,000 after purchasing an additional 664 shares during the period. OLD National Bancorp IN lifted its position in General Electric by 19.9% during the third quarter. OLD National Bancorp IN now owns 3,294 shares of the conglomerate's stock valued at $621,000 after purchasing an additional 547 shares during the period. Finally, Vest Financial LLC lifted its position in General Electric by 196.5% during the third quarter. Vest Financial LLC now owns 8,181 shares of the conglomerate's stock valued at $1,543,000 after purchasing an additional 5,422 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Price Performance

Shares of NYSE GE traded down $8.84 during mid-day trading on Friday, reaching $199.90. The company's stock had a trading volume of 5,410,517 shares, compared to its average volume of 5,419,847. The stock has a 50-day moving average of $186.57 and a two-hundred day moving average of $180.72. The stock has a market capitalization of $214.55 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.62 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 1-year low of $119.88 and a 1-year high of $212.19.

General Electric (NYSE:GE - Get Free Report) last issued 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 net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts anticipate 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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GE. UBS Group boosted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company boosted their target price on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, 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 note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, General Electric has a consensus rating of "Moderate Buy" and an average target price of $211.31.

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.