ING Groep NV Reduces Stock Position in General Electric (NYSE:GE)

ING Groep NV reduced its position in shares of General Electric (NYSE:GE - Free Report) by 61.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,963 shares of the conglomerate's stock after selling 154,465 shares during the quarter. ING Groep NV's holdings in General Electric were worth $16,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GE. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of General Electric in the 3rd quarter valued at $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric in the 3rd quarter valued at $28,000. RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the 3rd quarter valued at $30,000. Finally, Hager Investment Management Services LLC purchased a new position in shares of General Electric in the 4th quarter valued at $27,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Price Performance

NYSE:GE traded down $8.84 during trading hours on Friday, hitting $199.90. 5,410,517 shares of the stock were exchanged, compared to its average volume of 5,419,847. General Electric has a 52-week low of $119.88 and a 52-week high of $212.19. The firm's fifty day moving average price is $185.89 and its 200 day moving average price is $180.43. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap 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.

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, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 24.04%.

Analyst Ratings Changes

GE has been the subject of a number of recent analyst reports. Bank of America raised their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. 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 research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Redburn Atlantic started coverage on General Electric in a research report on Tuesday. They set a "buy" rating and a $250.00 price target for the company. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, General Electric has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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.