XTX Topco Ltd Acquires 2,083 Shares of General Electric (NYSE:GE)

XTX Topco Ltd raised its position in shares of General Electric (NYSE:GE - Free Report) by 163.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,355 shares of the conglomerate's stock after buying an additional 2,083 shares during the period. XTX Topco Ltd's holdings in General Electric were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of General Electric in the 4th quarter valued at $2,375,439,000. Invesco Ltd. boosted its holdings in General Electric by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate's stock valued at $1,591,970,000 after acquiring an additional 1,204,910 shares during the last quarter. Raymond James Financial Inc. bought a new position in General Electric in the fourth quarter valued at about $194,208,000. Franklin Resources Inc. increased its position in General Electric by 206.5% in the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock worth $278,247,000 after purchasing an additional 973,135 shares during the period. Finally, FMR LLC raised its holdings in General Electric by 1.5% during the 4th quarter. FMR LLC now owns 66,823,968 shares of the conglomerate's stock worth $11,145,570,000 after purchasing an additional 965,012 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. 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. Wells Fargo & Company increased their price target on General Electric from $203.00 to $212.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

General Electric Stock Down 0.3 %

NYSE GE traded down $0.57 on Friday, reaching $181.88. The company had a trading volume of 4,927,432 shares, compared to its average volume of 5,436,847. The company's fifty day moving average is $196.12 and its 200-day moving average is $186.50. The firm has a market capitalization of $195.21 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. 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 has a 1-year low of $148.83 and a 1-year high of $214.21.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (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, research analysts forecast 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 issued a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.79%. General Electric's dividend payout ratio is presently 24.04%.

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.