Jones Financial Companies Lllp Acquires 10,805 Shares of General Electric (NYSE:GE)

Jones Financial Companies Lllp raised its position in shares of General Electric (NYSE:GE - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,576 shares of the conglomerate's stock after acquiring an additional 10,805 shares during the quarter. Jones Financial Companies Lllp's holdings in General Electric were worth $6,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC raised its holdings in General Electric by 117.7% in the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after purchasing an additional 146 shares in the last quarter. Johnson & White Wealth Management LLC bought a new position in shares of General Electric in the 4th quarter worth about $733,000. State Street Corp lifted its position in General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after acquiring an additional 898,296 shares during the period. Soltis Investment Advisors LLC boosted its stake in General Electric by 269.8% during the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock worth $5,318,000 after acquiring an additional 20,575 shares in the last quarter. Finally, World Investment Advisors LLC grew its holdings in General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after purchasing an additional 5,162 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

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General Electric Stock Performance

GE stock traded down $1.97 during trading on Friday, reaching $194.08. The stock had a trading volume of 7,678,749 shares, compared to its average volume of 5,370,579. The stock's 50 day moving average is $192.54 and its two-hundred day moving average is $182.86. General Electric has a 52 week low of $130.38 and a 52 week high of $212.19. 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 firm has a market cap of $208.31 billion, a PE ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results 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 net margin of 14.31% and a return on equity of 22.19%. As a group, equities analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.74%. General Electric's dividend payout ratio is presently 24.04%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GE. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Citigroup upped their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.