Groupama Asset Managment Decreases Stake in General Electric (NYSE:GE)

Groupama Asset Managment trimmed its holdings in shares of General Electric (NYSE:GE - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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.

A number of other large investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC increased its holdings in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 84 shares during the period. Hager Investment Management Services LLC bought a new stake in General Electric during the fourth quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new position in General Electric in the fourth quarter valued at about $29,000. CBIZ Investment Advisory Services LLC bought a new position in General Electric in the fourth quarter worth about $29,000. Finally, Picton Mahoney Asset Management lifted its position in shares of 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 buying an additional 68 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GE shares. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective 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. Citigroup increased their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Finally, Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $211.31.

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General Electric Stock Performance

Shares of NYSE:GE traded down $12.47 during midday trading on Thursday, reaching $187.30. The company's stock had a trading volume of 12,747,869 shares, compared to its average volume of 5,455,384. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average of $202.43 and a 200 day moving average of $187.12. General Electric has a twelve month low of $138.01 and a twelve month high of $214.21. The firm has a market capitalization of $201.03 billion, a PE ratio of 31.27, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate 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, equities analysts expect that General Electric will post 5.4 EPS 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. Investors of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.77%. General Electric's dividend payout ratio (DPR) is currently 24.04%.

General Electric Company 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.