Groupama Asset Managment Sells 11,822 Shares of General Electric (NYSE:GE)

Groupama Asset Managment cut its holdings in shares of General Electric (NYSE:GE - Free Report) by 45.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,085 shares of the conglomerate's stock after selling 11,822 shares during the quarter. Groupama Asset Managment's holdings in General Electric were worth $2,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. May Hill Capital LLC bought a new position in shares of General Electric in the fourth quarter worth $289,000. Headlands Technologies LLC grew its stake in General Electric by 22.0% during the fourth quarter. Headlands Technologies LLC now owns 9,343 shares of the conglomerate's stock worth $1,558,000 after buying an additional 1,682 shares in the last quarter. Invenio Wealth Partners LLC increased its holdings in General Electric by 3.6% in the 4th quarter. Invenio Wealth Partners LLC now owns 2,126 shares of the conglomerate's stock valued at $355,000 after buying an additional 74 shares during the period. Elwood Capital Partners LP bought a new position in General Electric in the 4th quarter valued at about $4,900,000. Finally, Geode Capital Management LLC lifted its holdings in shares of General Electric by 2.3% during the 4th 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 period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Trading Down 11.1 %

GE traded down $20.87 during trading on Friday, reaching $166.76. 18,160,091 shares of the company's stock were exchanged, compared to its average volume of 5,400,110. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a one year low of $146.78 and a one year high of $214.21. The firm has a fifty day moving average price of $201.56 and a two-hundred day moving average price of $187.07. The stock has a market capitalization of $178.98 billion, a PE ratio of 27.84, a price-to-earnings-growth 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 the consensus estimate 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, equities research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost 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 annualized dividend and a dividend yield of 0.86%. General Electric's dividend payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GE. Bank of America lifted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Redburn Atlantic started coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric has an average rating of "Moderate Buy" and a consensus target price of $214.73.

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.