Smartleaf Asset Management LLC Acquires 1,712 Shares of General Electric (NYSE:GE)

Smartleaf Asset Management LLC boosted its holdings in General Electric (NYSE:GE - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,040 shares of the conglomerate's stock after acquiring an additional 1,712 shares during the period. Smartleaf Asset Management LLC's holdings in General Electric were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GE. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the 3rd quarter worth $25,000. Hager Investment Management Services LLC acquired a new stake in General Electric in the fourth quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the third quarter valued at about $28,000. Sugar Maple Asset Management LLC acquired a new stake in General Electric in the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in General Electric in the third quarter valued at about $30,000. Institutional investors own 74.77% of the company's stock.

General Electric Stock Down 3.1 %

NYSE GE traded down $6.26 during trading hours on Thursday, reaching $196.24. 2,453,341 shares of the company's stock were exchanged, compared to its average volume of 5,244,197. The company's 50-day moving average is $192.06 and its two-hundred day moving average is $182.77. General Electric has a one year low of $129.26 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $210.62 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

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General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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, analysts forecast 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. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GE. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. UBS Group lifted their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Northcoast Research started coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, General Electric has a consensus rating of "Moderate Buy" and a consensus price target 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.