Bank of America Boosts General Electric (NYSE:GE) Price Target to $225.00

General Electric (NYSE:GE - Free Report) had its price target hoisted by Bank of America from $200.00 to $225.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the conglomerate's stock.

A number of other brokerages have also recently weighed in on GE. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Citigroup boosted their target price on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Finally, UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and an average target price of $208.73.

General Electric Trading Down 1.2 %

GE traded down $2.45 during trading hours on Monday, reaching $194.30. The company's stock had a trading volume of 7,672,036 shares, compared to its average volume of 6,601,407. The stock has a market cap of $210.29 billion, a PE ratio of 34.15, a P/E/G ratio of 1.53 and a beta of 1.19. General Electric has a fifty-two week low of $103.75 and a fifty-two week high of $207.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The business's 50-day moving average is $175.33 and its 200-day moving average is $175.15.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. As a group, equities research analysts predict that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, December 27th. General Electric's dividend payout ratio is presently 19.68%.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Institutional Investors Weigh In On General Electric

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its holdings in shares of General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after buying an additional 146 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new position in shares of General Electric in the 4th quarter valued at approximately $733,000. State Street Corp increased its holdings in shares of General Electric by 2.1% in the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after purchasing an additional 898,296 shares during the period. Soltis Investment Advisors LLC lifted its holdings in shares of General Electric by 269.8% during the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock worth $5,318,000 after purchasing an additional 20,575 shares during the period. Finally, World Investment Advisors LLC grew its position in General Electric by 60.7% in the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after buying an additional 5,162 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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.