Grove Street Fiduciary LLC Buys Shares of 1,866 General Electric (NYSE:GE)

Grove Street Fiduciary LLC purchased a new position in shares of General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,866 shares of the conglomerate's stock, valued at approximately $311,000.

A number of other large investors also recently modified their holdings of the company. Cordatus Wealth Management LLC increased its holdings in General Electric by 66.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 16,546 shares of the conglomerate's stock valued at $2,759,000 after purchasing an additional 6,599 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in General Electric during the 4th quarter valued at $167,000. RPS Advisory Solutions LLC acquired a new position in General Electric in the 4th quarter worth $290,000. Boston Financial Mangement LLC boosted its position in General Electric by 12.5% in the 4th quarter. Boston Financial Mangement LLC now owns 2,412 shares of the conglomerate's stock valued at $402,000 after buying an additional 268 shares during the last quarter. Finally, First Bank & Trust increased its position in shares of General Electric by 6.0% during the fourth quarter. First Bank & Trust now owns 1,525 shares of the conglomerate's stock worth $254,000 after acquiring an additional 86 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

GE stock traded down $8.84 during mid-day trading on Friday, reaching $199.90. The company had a trading volume of 5,410,517 shares, compared to its average volume of 5,419,847. General Electric has a one year low of $119.88 and a one year high of $212.19. The stock has a market capitalization of $214.55 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.62 and a beta of 1.22. 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's 50-day simple moving average is $185.89 and its two-hundred day simple moving average is $180.43.

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, 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%. Research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed 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 is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric's payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GE. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Redburn Atlantic began coverage on General Electric in a research note on Tuesday. They set a "buy" rating and a $250.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

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.