SBI Securities Co. Ltd. bought a new position in shares of General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,543 shares of the conglomerate's stock, valued at approximately $1,758,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Game Plan Financial Advisors LLC grew its holdings in shares of General Electric by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after acquiring an additional 55 shares during the period. Red Door Wealth Management LLC grew its stake in shares of General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after purchasing an additional 56 shares during the period. WR Wealth Planners LLC increased its position in shares of General Electric by 30.6% during the 4th quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock valued at $40,000 after purchasing an additional 56 shares during the last quarter. Saxon Interests Inc. increased its position in shares of General Electric by 4.2% during the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after purchasing an additional 57 shares during the last quarter. Finally, Old North State Wealth Management LLC lifted its stake in shares of General Electric by 3.0% in the 4th quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate's stock worth $331,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.
General Electric Trading Down 3.2 %
Shares of General Electric stock traded down $6.44 on Thursday, reaching $196.06. The company had a trading volume of 5,594,984 shares, compared to its average volume of 5,320,822. The firm's 50-day moving average price is $192.06 and its two-hundred day moving average price is $182.77. General Electric has a 1 year low of $129.26 and a 1 year high of $212.19. The firm has a market cap of $210.43 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.59 and a beta of 1.19. 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 announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. As a group, research analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.
General Electric Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. General Electric's dividend payout ratio is currently 24.04%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on GE. Wells Fargo & Company lifted their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. UBS Group increased their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $211.31.
Check Out Our Latest Report on GE
General Electric Profile
(
Free Report)
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.
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