Paradigm Asset Management Co. LLC Raises Position in General Electric (NYSE:GE)

Paradigm Asset Management Co. LLC raised its position in General Electric (NYSE:GE - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,884 shares of the conglomerate's stock after buying an additional 1,500 shares during the quarter. Paradigm Asset Management Co. LLC's holdings in General Electric were worth $815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GE. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the third quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in General Electric in the fourth quarter valued at approximately $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GE shares. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, 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 report on Monday, January 27th. Three 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.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

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General Electric Trading Down 0.3 %

Shares of General Electric stock traded down $0.65 on Tuesday, hitting $198.06. 2,127,026 shares of the company's stock traded hands, compared to its average volume of 5,293,736. The company has a fifty day moving average of $187.23 and a two-hundred day moving average of $181.22. General Electric has a one year low of $122.48 and a one year high of $212.19. The company has a market capitalization of $212.58 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21. 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 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 net margin of 14.31% and a return on equity of 22.19%. As a group, sell-side analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. General Electric's payout ratio is currently 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.