Union Bancaire Privee UBP SA Invests $2.83 Million in General Electric (NYSE:GE)

Union Bancaire Privee UBP SA purchased 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 SEC. The firm purchased 17,654 shares of the conglomerate's stock, valued at approximately $2,828,000.

Several other hedge funds have also added to or reduced their stakes in the company. Game Plan Financial Advisors LLC boosted its stake in General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock valued at $96,000 after buying an additional 55 shares during the period. Red Door Wealth Management LLC boosted its stake in General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after buying an additional 56 shares during the period. Saxon Interests Inc. boosted its stake in General Electric by 4.2% during the fourth quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after buying an additional 57 shares during the period. Old North State Wealth Management LLC boosted its stake in General Electric by 3.0% during the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate's stock valued at $331,000 after buying an additional 58 shares during the period. Finally, Northeast Investment Management boosted its stake in General Electric by 2.2% during the fourth quarter. Northeast Investment Management now owns 2,708 shares of the conglomerate's stock valued at $452,000 after buying an additional 59 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

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General Electric Trading Down 0.1 %

Shares of NYSE GE traded down $0.21 during trading hours on Thursday, hitting $201.40. The company's stock had a trading volume of 3,478,607 shares, compared to its average volume of 5,245,807. 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 stock has a market cap of $216.17 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 2.59 and a beta of 1.21. General Electric has a 12 month low of $123.06 and a 12 month high of $212.19. The business has a 50-day simple moving average of $188.73 and a 200-day simple moving average of $181.58.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate 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. 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 0.71%. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. 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. Wells Fargo & Company lifted 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. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Bank of America raised their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, UBS Group raised their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.