RPS Advisory Solutions LLC Invests $290,000 in General Electric (NYSE:GE)

RPS Advisory Solutions LLC bought a new position in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,741 shares of the conglomerate's stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GE. Jennison Associates LLC increased its position in shares of General Electric by 91.8% in the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock worth $1,465,598,000 after purchasing an additional 3,719,894 shares during the period. International Assets Investment Management LLC increased its position in shares of General Electric by 21,069.8% in the third quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate's stock worth $598,391,000 after purchasing an additional 3,158,153 shares during the period. Janus Henderson Group PLC increased its position 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. Franklin Resources Inc. increased 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 worth $278,247,000 after purchasing an additional 973,135 shares during the period. Finally, State Street Corp increased its position in shares of General Electric by 2.1% in the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after purchasing an additional 898,296 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic assumed coverage on General Electric in a research report on Tuesday. They issued a "buy" rating and a $250.00 target price on the stock. UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lifted their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $211.31.

General Electric Trading Down 4.2 %

Shares of General Electric stock traded down $8.84 during midday trading on Friday, reaching $199.90. The company had a trading volume of 5,410,517 shares, compared to its average volume of 5,419,847. The stock has a fifty day moving average price of $185.89 and a 200 day moving average price of $180.43. General Electric has a fifty-two week low of $119.88 and a fifty-two week high of $212.19. The firm has a market cap of $214.55 billion, a PE ratio of 33.37, a P/E/G ratio of 2.62 and a beta of 1.22. 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 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 return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 24.04%.

About General Electric

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.