General Electric (NYSE:GE) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its stake in General Electric (NYSE:GE - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 918,344 shares of the conglomerate's stock after buying an additional 76,121 shares during the period. LPL Financial LLC owned approximately 0.09% of General Electric worth $153,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Johnson & White Wealth Management LLC purchased a new stake in shares of General Electric in the 4th quarter valued at $733,000. Chung Wu Investment Group LLC purchased a new position in General Electric during the 4th quarter worth approximately $795,000. State Street Corp lifted its stake in General Electric by 2.1% in the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after buying an additional 898,296 shares during the last quarter. Soltis Investment Advisors LLC boosted its holdings in shares of General Electric by 269.8% in the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after acquiring an additional 20,575 shares during the period. Finally, World Investment Advisors LLC grew its position in shares of General Electric by 60.7% during the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after acquiring an additional 5,162 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on GE. JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $211.31.

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General Electric Price Performance

Shares of NYSE GE traded up $1.95 on Tuesday, hitting $212.18. The company's stock had a trading volume of 4,314,312 shares, compared to its average volume of 5,346,589. The stock has a 50 day moving average of $199.41 and a 200-day moving average of $185.47. The company has a market capitalization of $227.73 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 12-month low of $133.99 and a 12-month high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. As a group, research analysts predict that General Electric will post 5.4 EPS 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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) 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.