Larson Financial Group LLC Buys 3,301 Shares of General Electric (NYSE:GE)

Larson Financial Group LLC boosted its stake in shares of General Electric (NYSE:GE - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,533 shares of the conglomerate's stock after acquiring an additional 3,301 shares during the quarter. Larson Financial Group LLC's holdings in General Electric were worth $5,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. increased its holdings in shares of General Electric by 10.7% in the fourth quarter. HM Payson & Co. now owns 24,903 shares of the conglomerate's stock valued at $4,154,000 after purchasing an additional 2,412 shares in the last quarter. AMF Tjanstepension AB bought a new position in General Electric in the 4th quarter valued at $76,598,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of General Electric in the 4th quarter valued at $3,498,000. Banco Santander S.A. raised its position in shares of General Electric by 7.8% during the fourth quarter. Banco Santander S.A. now owns 4,088 shares of the conglomerate's stock worth $682,000 after acquiring an additional 296 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of General Electric by 15,750.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 768,588 shares of the conglomerate's stock valued at $138,368,000 after acquiring an additional 763,739 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Down 1.0 %

GE stock traded down $1.97 during mid-day trading on Friday, hitting $194.08. 7,681,174 shares of the company were exchanged, compared to its average volume of 5,375,542. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 1-year low of $130.38 and a 1-year high of $212.19. The firm's 50 day simple moving average is $193.02 and its 200 day simple moving average is $183.20. The firm has a market cap of $208.31 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.59 and a beta of 1.19.

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General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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%. On average, sell-side analysts predict 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. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's payout ratio is 24.04%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GE. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They set a "neutral" rating for the company. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, General Electric presently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric 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.