Signaturefd LLC Boosts Position in General Electric (NYSE:GE)

Signaturefd LLC grew its holdings in General Electric (NYSE:GE - Free Report) by 61.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,109 shares of the conglomerate's stock after buying an additional 11,875 shares during the period. Signaturefd LLC's holdings in General Electric were worth $5,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new position in shares of General Electric during the 3rd quarter worth approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in General Electric during the third quarter worth $30,000. Hager Investment Management Services LLC purchased a new stake in General Electric in the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Electric during the 4th quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of General Electric during the 4th quarter valued at about $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup lifted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Bank of America boosted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Stock Up 0.0 %

NYSE GE traded up $0.06 during trading hours on Friday, hitting $203.99. 7,960,224 shares of the company were exchanged, compared to its average volume of 5,375,022. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market cap of $218.94 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19. The company has a 50 day moving average of $197.98 and a two-hundred day moving average of $184.67. General Electric has a 52-week low of $133.99 and a 52-week high of $212.19.

General Electric (NYSE:GE - Get Free Report) last released its 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 net margin of 14.31% and a return on equity of 22.19%. Equities research analysts anticipate 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. Stockholders of record on Monday, March 10th will be given 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 0.71%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's 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.