General Electric (NYSE:GE) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in General Electric (NYSE:GE - Free Report) by 93.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 745,022 shares of the conglomerate's stock after acquiring an additional 360,582 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.07% of General Electric worth $118,436,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in General Electric by 11.2% in the fourth quarter. Russell Investments Group Ltd. now owns 370,780 shares of the conglomerate's stock worth $47,358,000 after buying an additional 37,256 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of General Electric by 33.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,322 shares of the conglomerate's stock worth $424,000 after acquiring an additional 841 shares during the period. Choreo LLC lifted its position in General Electric by 20.0% in the 4th quarter. Choreo LLC now owns 8,673 shares of the conglomerate's stock valued at $1,107,000 after purchasing an additional 1,448 shares during the last quarter. Naviter Wealth LLC boosted its stake in General Electric by 14.9% during the 4th quarter. Naviter Wealth LLC now owns 9,872 shares of the conglomerate's stock valued at $1,261,000 after purchasing an additional 1,280 shares during the period. Finally, Ledyard National Bank bought a new position in General Electric in the 4th quarter worth about $319,000. 74.77% of the stock is owned by institutional investors.

General Electric Price Performance

NYSE:GE traded up $1.04 during trading hours on Friday, reaching $174.62. 5,114,420 shares of the company's stock were exchanged, compared to its average volume of 6,756,916. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $191.14 billion, a P/E ratio of 57.25, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. General Electric has a 12 month low of $84.42 and a 12 month high of $177.20. The business's 50-day simple moving average is $164.98 and its two-hundred day simple moving average is $162.28.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.21. The business had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The company's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. Sell-side analysts expect that General Electric will post 4.15 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.28 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. General Electric's dividend payout ratio is currently 36.72%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on General Electric from $148.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, May 13th. StockNews.com downgraded General Electric from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. UBS Group increased their price target on General Electric from $201.00 to $209.00 and gave the stock a "buy" rating in a research note on Monday, July 1st. Royal Bank of Canada lifted their price objective on shares of General Electric from $175.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price objective on shares of General Electric from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, June 28th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, General Electric currently has an average rating of "Moderate Buy" and an average price target of $190.38.

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.

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