Longbow Finance SA Takes $9.26 Million Position in General Electric (NYSE:GE)

Longbow Finance SA bought a new position in shares of General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 55,509 shares of the conglomerate's stock, valued at approximately $9,258,000. General Electric accounts for approximately 1.0% of Longbow Finance SA's holdings, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its holdings in General Electric by 33.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 165,509 shares of the conglomerate's stock worth $27,605,000 after buying an additional 41,521 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in shares of General Electric during the fourth quarter valued at approximately $507,000. Bank of New York Mellon Corp lifted its position in shares of General Electric by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock valued at $1,128,571,000 after acquiring an additional 115,257 shares in the last quarter. Acorn Wealth Advisors LLC boosted its stake in shares of General Electric by 3.3% in the fourth quarter. Acorn Wealth Advisors LLC now owns 2,778 shares of the conglomerate's stock worth $463,000 after acquiring an additional 89 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in shares of General Electric by 7.0% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 21,256 shares of the conglomerate's stock worth $3,545,000 after acquiring an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company raised their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Finally, Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and an average price target of $211.31.

General Electric Trading Up 2.9 %

Shares of General Electric stock traded up $5.79 during trading hours on Friday, hitting $207.22. The company's stock had a trading volume of 6,116,408 shares, compared to its average volume of 5,268,165. The stock has a market cap of $222.40 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 2.59 and a beta of 1.21. 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 twelve month low of $124.08 and a twelve month high of $212.19. The firm has a fifty day moving average of $189.46 and a 200-day moving average of $181.72.

General Electric (NYSE:GE - Get Free Report) last posted 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%. Research analysts forecast that General Electric will post 5.4 EPS for the current 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 0.69%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 24.04%.

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.