General Electric (NYSE:GE) Holdings Lifted by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC lifted its holdings in General Electric (NYSE:GE) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 101,725 shares of the conglomerate’s stock after acquiring an additional 3,204 shares during the quarter. General Electric accounts for about 5.9% of Spectrum Financial Alliance Ltd LLC’s holdings, making the stock its 7th biggest holding. Spectrum Financial Alliance Ltd LLC’s holdings in General Electric were worth $16,967,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Valley Wealth Managers Inc. purchased a new stake in General Electric during the third quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the 3rd quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new position in General Electric during the 3rd quarter worth approximately $30,000. Finally, Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of General Electric stock opened at $199.90 on Friday. General Electric has a 12 month low of $119.88 and a 12 month high of $212.19. The firm has a market capitalization of $214.55 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $186.57 and a two-hundred day simple moving average of $180.85.

General Electric (NYSE:GE) last issued its quarterly earnings results 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 net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. General Electric’s payout ratio is currently 18.70%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. UBS Group raised their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.