B. Metzler seel. Sohn & Co. AG Has $7.57 Million Stock Holdings in General Electric (NYSE:GE)

B. Metzler seel. Sohn & Co. AG grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 26.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,383 shares of the conglomerate's stock after acquiring an additional 9,393 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in General Electric were worth $7,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Seven Mile Advisory raised its holdings in General Electric by 33.3% in the fourth quarter. Seven Mile Advisory now owns 1,465 shares of the conglomerate's stock valued at $244,000 after acquiring an additional 366 shares in the last quarter. Summit Financial LLC raised its stake in shares of General Electric by 12.9% in the 4th quarter. Summit Financial LLC now owns 9,281 shares of the conglomerate's stock valued at $1,551,000 after purchasing an additional 1,063 shares in the last quarter. Hoey Investments Inc. lifted its position in shares of General Electric by 18.8% during the fourth quarter. Hoey Investments Inc. now owns 37,563 shares of the conglomerate's stock worth $6,265,000 after purchasing an additional 5,952 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in General Electric by 374.1% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,778 shares of the conglomerate's stock worth $297,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in General Electric by 216.9% in the fourth quarter. Meeder Asset Management Inc. now owns 564 shares of the conglomerate's stock valued at $94,000 after buying an additional 386 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have commented on GE. UBS Group increased their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, Redburn Atlantic assumed 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 on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, General Electric has an average rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Trading Down 6.0 %

Shares of General Electric stock traded down $12.08 during trading on Thursday, hitting $187.69. The stock had a trading volume of 9,824,044 shares, compared to its average volume of 5,445,333. 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 company has a market capitalization of $201.45 billion, a PE ratio of 31.49, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a 1 year low of $138.01 and a 1 year high of $214.21. The stock has a 50 day simple moving average of $202.43 and a 200 day simple moving average of $187.12.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that General Electric will post 5.4 EPS 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. The ex-dividend date is Monday, March 10th. This is an increase 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 payout ratio is presently 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.