Vontobel Holding Ltd. Has $3.68 Million Stock Position in General Electric (NYSE:GE)

Vontobel Holding Ltd. boosted its holdings in shares of General Electric (NYSE:GE - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,068 shares of the conglomerate's stock after purchasing an additional 6,404 shares during the period. Vontobel Holding Ltd.'s holdings in General Electric were worth $3,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning lifted its position in shares of General Electric by 9.0% in the 3rd quarter. Creative Planning now owns 196,581 shares of the conglomerate's stock valued at $37,071,000 after acquiring an additional 16,258 shares in the last quarter. KMG Fiduciary Partners LLC acquired a new position in General Electric in the 3rd quarter valued at approximately $210,000. Blue Trust Inc. increased its stake in General Electric by 66.2% in the 3rd quarter. Blue Trust Inc. now owns 13,643 shares of the conglomerate's stock valued at $2,573,000 after buying an additional 5,433 shares during the period. Capital Investment Advisors LLC increased its stake in General Electric by 3.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 9,851 shares of the conglomerate's stock valued at $1,858,000 after buying an additional 361 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its stake in General Electric by 1.5% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 14,042 shares of the conglomerate's stock valued at $2,652,000 after buying an additional 203 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on GE. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a research note on Tuesday. They set a "buy" rating and a $250.00 price target on the stock. Bank of America increased their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company increased their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating on the stock. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric Price Performance

Shares of NYSE:GE traded up $0.20 during midday trading on Wednesday, reaching $210.28. 2,697,067 shares of the company's stock were exchanged, compared to its average volume of 5,496,679. The company's 50 day simple moving average is $185.01 and its two-hundred day simple moving average is $180.23. The firm has a market capitalization of $225.69 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. General Electric has a 12 month low of $118.13 and a 12 month 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.

General Electric (NYSE:GE - Get Free Report) last released 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 net margin of 14.31% and a return on equity of 22.19%. Equities research analysts expect that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is 18.70%.

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.