Valeo Financial Advisors LLC Purchases 1,836 Shares of General Electric (NYSE:GE)

Valeo Financial Advisors LLC increased its holdings in General Electric (NYSE:GE - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,595 shares of the conglomerate's stock after acquiring an additional 1,836 shares during the quarter. Valeo Financial Advisors LLC's holdings in General Electric were worth $3,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its position in General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after buying an additional 898,296 shares during the period. Geode Capital Management LLC increased its holdings in General Electric by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock worth $4,244,676,000 after buying an additional 156,272 shares in the last quarter. Jennison Associates LLC increased its holdings in General Electric by 1.4% in the 4th quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock worth $1,314,080,000 after buying an additional 106,891 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in General Electric by 6.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,556,515 shares of the conglomerate's stock worth $1,236,428,000 after buying an additional 413,388 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in General Electric by 12.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,106,786 shares of the conglomerate's stock worth $774,458,000 after buying an additional 457,038 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Stock Performance

Shares of NYSE:GE traded up $1.67 during mid-day trading on Tuesday, reaching $209.94. 4,395,356 shares of the company traded hands, compared to its average volume of 5,586,972. The company's 50 day moving average price is $183.40 and its 200-day moving average price is $179.67. The firm has a market cap of $225.33 billion, a PE ratio of 35.05, a PEG ratio of 2.56 and a beta of 1.22. 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 52 week low of $118.13 and a 52 week high of $212.19.

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%. On average, equities analysts expect that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.69%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 18.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GE shares. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Redburn Atlantic began coverage on General Electric in a research note on Tuesday. They set a "buy" rating and a $250.00 price target for the company. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.