Russell Investments Group Ltd. Boosts Holdings in General Electric (NYSE:GE)

Russell Investments Group Ltd. boosted its stake in shares of General Electric (NYSE:GE - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,961 shares of the conglomerate's stock after purchasing an additional 23,450 shares during the quarter. Russell Investments Group Ltd.'s holdings in General Electric were worth $70,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Johnson & White Wealth Management LLC acquired a new stake in shares of General Electric during the fourth quarter worth $733,000. Chung Wu Investment Group LLC purchased a new stake in General Electric during the 4th quarter valued at about $795,000. Soltis Investment Advisors LLC increased its holdings in shares of General Electric by 269.8% in the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after purchasing an additional 20,575 shares during the period. National Bank of Canada FI raised its stake in shares of General Electric by 2.9% in the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock worth $177,535,000 after purchasing an additional 29,844 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of General Electric by 60.7% during the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after purchasing an additional 5,162 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on GE. Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Citigroup raised their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on General Electric from $250.00 to $203.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.19.

General Electric Trading Up 0.2 %

GE stock traded up $0.42 during midday trading on Wednesday, hitting $169.79. 2,993,858 shares of the company's stock were exchanged, compared to its average volume of 5,452,688. General Electric has a 1-year low of $146.78 and a 1-year high of $214.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $182.23 billion, a PE ratio of 28.30, a P/E/G ratio of 2.59 and a beta of 1.04. The business has a 50-day simple moving average of $199.92 and a two-hundred day simple moving average of $186.71.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. 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. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is 24.04%.

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.