OVERSEA CHINESE BANKING Corp Ltd Has $12.73 Million Stock Holdings in General Electric (NYSE:GE)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in General Electric (NYSE:GE - Free Report) by 13.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,330 shares of the conglomerate's stock after selling 11,759 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in General Electric were worth $12,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GE. Xponance Inc. boosted its position in shares of General Electric by 1.4% during the 4th quarter. Xponance Inc. now owns 176,264 shares of the conglomerate's stock valued at $29,399,000 after purchasing an additional 2,490 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of General Electric during the 4th quarter valued at about $7,086,000. Evoke Wealth LLC boosted its position in shares of General Electric by 11.8% during the 4th quarter. Evoke Wealth LLC now owns 3,334 shares of the conglomerate's stock valued at $557,000 after purchasing an additional 351 shares in the last quarter. Horizon Investments LLC boosted its position in shares of General Electric by 4.4% during the 4th quarter. Horizon Investments LLC now owns 17,844 shares of the conglomerate's stock valued at $2,976,000 after purchasing an additional 754 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of General Electric by 13.7% during the 4th quarter. Advisors Asset Management Inc. now owns 21,264 shares of the conglomerate's stock valued at $3,547,000 after purchasing an additional 2,558 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GE. UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, General Electric presently has an average rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric Stock Up 0.0 %

Shares of NYSE GE traded up $0.06 during mid-day trading on Friday, reaching $203.99. The company had a trading volume of 7,960,224 shares, compared to its average volume of 5,356,361. The stock has a fifty day moving average of $198.63 and a two-hundred day moving average of $185.01. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $218.94 billion, a price-to-earnings ratio of 34.06, a PEG 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.

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 (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed 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 represents a $1.44 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend 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 presently 24.04%.

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.