Mizuho Securities USA LLC Acquires 32,265 Shares of General Electric (NYSE:GE)

Mizuho Securities USA LLC boosted its position in General Electric (NYSE:GE - Free Report) by 45.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,577 shares of the conglomerate's stock after buying an additional 32,265 shares during the quarter. Mizuho Securities USA LLC's holdings in General Electric were worth $17,109,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GE. Janus Henderson Group PLC increased its stake in shares of General Electric by 505.8% in the third quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate's stock worth $359,882,000 after purchasing an additional 1,593,413 shares during the period. Raymond James Financial Inc. acquired a new position in shares of General Electric during the fourth quarter worth approximately $194,208,000. Franklin Resources Inc. boosted its position in shares of General Electric by 206.5% in the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock valued at $278,247,000 after acquiring an additional 973,135 shares during the period. State Street Corp increased its position in General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after acquiring an additional 898,296 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in 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 worth $138,368,000 after acquiring an additional 763,739 shares during the period. Institutional investors own 74.77% of the company's stock.

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General Electric Trading Up 0.8 %

Shares of GE traded up $1.59 on Tuesday, reaching $211.82. 1,732,876 shares of the company's stock were exchanged, compared to its average volume of 5,350,355. The business has a 50 day moving average price of $199.41 and a two-hundred day moving average price of $185.47. General Electric has a 12 month low of $133.99 and a 12 month high of $212.19. The stock has a market capitalization of $227.34 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research 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. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, March 10th. 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 dividend yield of 0.68%. General Electric's dividend payout ratio is 24.04%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research initiated coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus 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.