General Electric (NYSE:GE) Holdings Raised by TCW Group Inc.

TCW Group Inc. grew its stake in General Electric (NYSE:GE - Free Report) by 44.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 994,524 shares of the conglomerate's stock after purchasing an additional 305,336 shares during the period. General Electric makes up about 1.6% of TCW Group Inc.'s portfolio, making the stock its 8th biggest position. TCW Group Inc. owned about 0.09% of General Electric worth $187,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC raised its position in General Electric by 117.7% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after purchasing an additional 146 shares during the period. Mackenzie Financial Corp grew its stake in shares of General Electric by 10.5% during the second quarter. Mackenzie Financial Corp now owns 603,988 shares of the conglomerate's stock valued at $96,016,000 after buying an additional 57,372 shares during the last quarter. Marietta Investment Partners LLC purchased a new stake in shares of General Electric in the second quarter worth approximately $1,569,000. State Street Corp lifted its stake in shares of General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after acquiring an additional 898,296 shares during the last quarter. Finally, Senator Investment Group LP purchased a new position in General Electric during the 2nd quarter valued at $34,973,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the topic of a number of recent analyst reports. UBS Group increased their target price on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Citigroup raised their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Bank of America boosted their price objective on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Melius Research raised their target price on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their price target on General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and an average target price of $201.93.

General Electric Stock Down 1.5 %

NYSE:GE traded down $2.64 during mid-day trading on Wednesday, hitting $168.63. 7,603,131 shares of the company's stock traded hands, compared to its average volume of 6,128,725. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market capitalization of $182.51 billion, a P/E ratio of 29.77, a P/E/G ratio of 1.69 and a beta of 1.17. The company has a fifty day moving average of $181.46 and a 200 day moving average of $172.50. General Electric has a twelve month low of $95.92 and a twelve month high of $194.80.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same period last year, the firm posted $0.82 EPS. General Electric's revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that General Electric will post 4.24 EPS for the current year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. General Electric's dividend payout ratio is presently 19.68%.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction on 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 sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This represents 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.

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.