Edmond DE Rothschild Holding S.A. Purchases 1,403 Shares of General Electric (NYSE:GE)

Edmond DE Rothschild Holding S.A. grew its holdings in General Electric (NYSE:GE - Free Report) by 374.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,778 shares of the conglomerate's stock after purchasing an additional 1,403 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in General Electric were worth $297,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GE. New Age Alpha Advisors LLC grew its position in General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of General Electric in the 4th quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Electric in the 4th quarter worth $29,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Electric in the fourth quarter worth $29,000. Finally, Picton Mahoney Asset Management increased its position in General Electric by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Price Performance

Shares of GE traded down $20.87 during midday trading on Friday, hitting $166.76. 18,160,091 shares of the company traded hands, compared to its average volume of 5,400,110. The stock has a market cap of $178.98 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.59 and a beta of 1.04. The firm has a 50 day moving average of $201.56 and a 200-day moving average of $187.10. 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 52 week low of $146.78 and a 52 week high of $214.21.

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 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, analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared 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 of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.86%. General Electric's dividend payout ratio is presently 24.04%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent research reports. Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note 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. increased their price target 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. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Citigroup upped their price objective on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $214.73.

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.