Schroder Investment Management Group Grows Stake in General Electric (NYSE:GE)

Schroder Investment Management Group lifted its position in shares of General Electric (NYSE:GE - Free Report) by 50.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,134,597 shares of the conglomerate's stock after acquiring an additional 378,371 shares during the quarter. Schroder Investment Management Group owned approximately 0.11% of General Electric worth $190,726,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC raised its position in shares of General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of General Electric during the fourth quarter worth $27,000. Sugar Maple Asset Management LLC bought a new position in shares of General Electric in the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Electric in the fourth quarter valued at $29,000. Finally, Picton Mahoney Asset Management raised its stake in shares of General Electric by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Stock Down 1.1 %

GE traded down $2.15 on Wednesday, hitting $201.64. The company had a trading volume of 2,358,667 shares, compared to its average volume of 5,472,496. General Electric has a 52-week low of $133.99 and a 52-week high of $214.21. The stock has a fifty day simple moving average of $202.20 and a 200-day simple moving average of $187.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market capitalization of $216.42 billion, a P/E ratio of 33.66, 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 return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts expect that General Electric will post 5.4 EPS 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. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

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.