Los Angeles Capital Management LLC Acquires 41,521 Shares of General Electric (NYSE:GE)

Los Angeles Capital Management LLC increased its stake in shares of General Electric (NYSE:GE - Free Report) by 33.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,509 shares of the conglomerate's stock after buying an additional 41,521 shares during the quarter. Los Angeles Capital Management LLC's holdings in General Electric were worth $27,605,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GE. Assenagon Asset Management S.A. grew its position in General Electric by 0.7% during the third quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate's stock worth $5,784,000 after buying an additional 209 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of General Electric by 1.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,891 shares of the conglomerate's stock valued at $2,054,000 after purchasing an additional 176 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of General Electric by 13.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 259,560 shares of the conglomerate's stock valued at $49,012,000 after purchasing an additional 30,383 shares in the last quarter. Orrstown Financial Services Inc. boosted its holdings in shares of General Electric by 556.5% in the 3rd quarter. Orrstown Financial Services Inc. now owns 10,143 shares of the conglomerate's stock valued at $1,913,000 after purchasing an additional 8,598 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of General Electric by 22.8% in the 3rd quarter. Pallas Capital Advisors LLC now owns 7,682 shares of the conglomerate's stock valued at $1,381,000 after purchasing an additional 1,425 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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General Electric Trading Up 2.9 %

NYSE:GE traded up $5.79 during trading hours on Friday, hitting $207.22. 6,116,408 shares of the company were exchanged, compared to its average volume of 5,268,165. The stock has a market capitalization of $222.40 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a one year low of $124.08 and a one year high of $212.19. The company has a fifty day simple moving average of $190.24 and a 200 day simple moving average of $182.00.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Sell-side analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. General Electric's dividend payout ratio (DPR) is currently 24.04%.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research analyst reports. Northcoast Research initiated coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Citigroup raised their target price on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.