Vinva Investment Management Ltd Boosts Stock Position in General Electric (NYSE:GE)

Vinva Investment Management Ltd boosted its stake in shares of General Electric (NYSE:GE - Free Report) by 52.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,019 shares of the conglomerate's stock after buying an additional 10,653 shares during the period. Vinva Investment Management Ltd's holdings in General Electric were worth $5,214,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC increased its stake in General Electric by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock valued at $39,000 after buying an additional 49 shares during the last quarter. Blue Barn Wealth LLC grew its holdings in shares of General Electric by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock valued at $245,000 after acquiring an additional 54 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in shares of General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock valued at $96,000 after acquiring an additional 55 shares during the last quarter. Red Door Wealth Management LLC increased its position in shares of General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after acquiring an additional 56 shares during the last quarter. Finally, WR Wealth Planners LLC lifted its holdings in General Electric by 30.6% during the fourth quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock worth $40,000 after acquiring an additional 56 shares during the period. Institutional investors own 74.77% of the company's stock.

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General Electric Price Performance

General Electric stock traded up $6.43 during midday trading on Monday, hitting $210.56. 4,041,531 shares of the company's stock were exchanged, compared to its average volume of 5,351,104. The company has a market cap of $225.99 billion, a P/E ratio of 35.15, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a 50-day moving average price of $198.63 and a two-hundred day moving average price of $185.15. 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 quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. On average, equities research analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid 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 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio (DPR) is 24.04%.

Analyst Ratings Changes

Several equities analysts recently weighed in on GE shares. Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Wells Fargo & Company raised their target price on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

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.