General Electric (NYSE:GE) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lowered its position in shares of General Electric (NYSE:GE - Free Report) by 97.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,053 shares of the conglomerate's stock after selling 93,398 shares during the period. ExodusPoint Capital Management LP's holdings in General Electric were worth $342,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GE. Truvestments Capital LLC increased its stake in General Electric by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC grew its holdings in shares of General Electric by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock worth $349,000 after buying an additional 51 shares during the last quarter. Blue Barn Wealth LLC increased its position in General Electric by 3.8% in the 4th 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 during the period. Game Plan Financial Advisors LLC raised its stake in General Electric by 10.5% during the 4th 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. Finally, Red Door Wealth Management LLC lifted its position in General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock worth $241,000 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 $0.70 during trading hours on Tuesday, hitting $186.70. The stock had a trading volume of 2,567,414 shares, compared to its average volume of 5,461,333. General Electric has a 1-year low of $146.78 and a 1-year high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock's fifty day moving average is $197.99 and its two-hundred day moving average is $186.61. The stock has a market capitalization of $200.38 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data 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%. As a group, analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date 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 currently 24.04%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GE. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Bank of America boosted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.