Capital Group Private Client Services Inc. Has $83.38 Million Holdings in General Electric (NYSE:GE)

Capital Group Private Client Services Inc. decreased its position in shares of General Electric (NYSE:GE - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,936 shares of the conglomerate's stock after selling 9,293 shares during the period. General Electric comprises 0.8% of Capital Group Private Client Services Inc.'s investment portfolio, making the stock its 29th biggest position. Capital Group Private Client Services Inc.'s holdings in General Electric were worth $83,384,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GE. Vanguard Group Inc. lifted its position in shares of General Electric by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate's stock worth $14,980,297,000 after purchasing an additional 410,172 shares during the last quarter. FMR LLC boosted its holdings in General Electric by 1.5% in the fourth quarter. FMR LLC now owns 66,823,968 shares of the conglomerate's stock valued at $11,145,570,000 after acquiring an additional 965,012 shares during the last quarter. Geode Capital Management LLC increased its stake in General Electric by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the conglomerate's stock worth $3,846,587,000 after acquiring an additional 529,457 shares during the last quarter. Norges Bank acquired a new position in shares of General Electric in the 4th quarter valued at about $2,375,439,000. Finally, Invesco Ltd. raised its holdings in General Electric by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate's stock valued at $1,591,970,000 after buying an additional 1,204,910 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Performance

Shares of GE stock traded up $8.45 during mid-day trading on Tuesday, reaching $186.80. The stock had a trading volume of 4,510,372 shares, compared to its average volume of 5,447,373. The firm has a market cap of $200.49 billion, a PE ratio of 31.20, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a one year low of $148.83 and a one year high of $214.21. The firm's 50 day simple moving average is $195.49 and its 200 day simple moving average is $186.46.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. UBS Group increased their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their target price 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. Deutsche Bank Aktiengesellschaft decreased 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. Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $213.33.

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.