Raymond James Financial Inc. Buys New Holdings in General Electric (NYSE:GE)

Raymond James Financial Inc. bought a new position in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,164,388 shares of the conglomerate's stock, valued at approximately $194,208,000. Raymond James Financial Inc. owned about 0.11% of General Electric at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. State Street Corp lifted its stake in General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after acquiring an additional 898,296 shares during the period. Geode Capital Management LLC lifted its stake in General Electric by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock valued at $4,244,676,000 after acquiring an additional 156,272 shares during the period. Jennison Associates LLC lifted its stake in General Electric by 1.4% during the 4th quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after acquiring an additional 106,891 shares during the period. Bank of New York Mellon Corp lifted its stake in General Electric by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock valued at $1,128,571,000 after acquiring an additional 115,257 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in General Electric by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,732,817 shares of the conglomerate's stock valued at $1,122,966,000 after acquiring an additional 202,233 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

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General Electric Trading Down 1.0 %

Shares of GE traded down $1.97 during mid-day trading on Friday, reaching $194.08. The stock had a trading volume of 7,681,174 shares, compared to its average volume of 5,375,542. 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 has a 52-week low of $130.38 and a 52-week high of $212.19. The business's fifty day moving average is $193.02 and its 200 day moving average is $183.11. The firm has a market cap of $208.31 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.74%. 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%.

Analyst Ratings Changes

Several equities analysts recently issued reports on GE shares. Wells Fargo & Company boosted their target price 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. Deutsche Bank Aktiengesellschaft decreased their target price 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. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. UBS Group boosted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $211.31.

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.