Headlands Technologies LLC Acquires 1,682 Shares of General Electric (NYSE:GE)

Headlands Technologies LLC increased its stake in General Electric (NYSE:GE - Free Report) by 22.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,343 shares of the conglomerate's stock after purchasing an additional 1,682 shares during the quarter. Headlands Technologies LLC's holdings in General Electric were worth $1,558,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GE. Invenio Wealth Partners LLC increased its position in shares of General Electric by 3.6% during the 4th quarter. Invenio Wealth Partners LLC now owns 2,126 shares of the conglomerate's stock valued at $355,000 after purchasing an additional 74 shares during the last quarter. Elwood Capital Partners LP bought a new position in General Electric in the fourth quarter worth approximately $4,900,000. Geode Capital Management LLC raised its position in General Electric by 2.3% in 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 period. Nemes Rush Group LLC boosted its stake in shares of General Electric by 35.9% during the 4th quarter. Nemes Rush Group LLC now owns 1,464 shares of the conglomerate's stock worth $244,000 after acquiring an additional 387 shares during the last quarter. Finally, Tradewinds LLC. purchased a new stake in shares of General Electric in the 4th quarter worth $180,000. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent research reports. Citigroup boosted their price target on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. UBS Group increased their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. 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 report on Monday, January 27th. Finally, Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $214.73.

General Electric Trading Down 11.1 %

Shares of NYSE GE traded down $20.87 during trading hours on Friday, hitting $166.76. 18,160,091 shares of the company traded hands, compared to its average volume of 5,400,110. The company's 50 day moving average price is $201.56 and its 200 day moving average price is $187.07. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21. The stock has a market capitalization of $178.98 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. 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 (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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, equities research analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.86%. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio (DPR) is 24.04%.

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.