Winslow Capital Management LLC Lowers Holdings in General Electric (NYSE:GE)

Winslow Capital Management LLC decreased its holdings in shares of General Electric (NYSE:GE - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,693,001 shares of the conglomerate's stock after selling 281,587 shares during the period. General Electric makes up approximately 1.6% of Winslow Capital Management LLC's holdings, making the stock its 20th largest position. Winslow Capital Management LLC owned approximately 0.25% of General Electric worth $449,166,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC increased its holdings in shares of General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in General Electric in the 4th quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new position in General Electric during the 4th quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the subject of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Wells Fargo & Company reduced their price target on General Electric from $250.00 to $203.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. 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, January 24th. Finally, Citigroup lowered their price target on shares of General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, General Electric currently has an average rating of "Moderate Buy" and a consensus target price of $212.73.

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General Electric Price Performance

GE stock traded up $0.09 on Friday, reaching $181.60. The company had a trading volume of 6,490,484 shares, compared to its average volume of 5,473,118. The company's fifty day moving average is $198.36 and its 200 day moving average is $186.61. The company has a market cap of $194.91 billion, a P/E ratio of 30.32, a PEG ratio of 2.59 and a beta of 1.04. 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 $146.78 and a 1 year high of $214.21.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts forecast that General Electric will post 5.4 earnings per share for the current 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 paid a dividend of $0.36 per share. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. General Electric's dividend payout ratio is presently 24.04%.

General Electric 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.