Tokio Marine Asset Management Co. Ltd. Has $5.44 Million Position in General Electric (NYSE:GE)

Tokio Marine Asset Management Co. Ltd. raised its stake in General Electric (NYSE:GE - Free Report) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,606 shares of the conglomerate's stock after acquiring an additional 1,254 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in General Electric were worth $5,438,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GE. Toth Financial Advisory Corp acquired a new position in General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the 3rd quarter valued at $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric in the third quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric in the 3rd quarter worth $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Melius Research increased their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. 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 note on Thursday, January 2nd. Finally, Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, General Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.73.

General Electric Price Performance

GE traded up $2.47 on Wednesday, reaching $204.65. 1,787,056 shares of the company's stock were exchanged, compared to its average volume of 6,071,602. The stock has a market cap of $221.49 billion, a PE ratio of 34.16, a P/E/G ratio of 2.53 and a beta of 1.21. 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 has a twelve month low of $109.26 and a twelve month high of $207.65. The stock's fifty day moving average price is $178.24 and its 200-day moving average price is $177.16.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Sell-side analysts expect that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. General Electric's dividend payout ratio (DPR) is presently 18.70%.

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.