General Electric (NYSE:GE) Holdings Cut by Lbp Am Sa

Lbp Am Sa trimmed its stake in shares of General Electric (NYSE:GE) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,450 shares of the conglomerate’s stock after selling 1,035 shares during the quarter. Lbp Am Sa’s holdings in General Electric were worth $10,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GE. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric in the third quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new stake in General Electric in the 3rd quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in General Electric during the 3rd quarter worth $30,000. Hager Investment Management Services LLC bought a new position in shares of General Electric in the fourth quarter worth $27,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the fourth quarter valued at $29,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 2.6 %

NYSE:GE opened at $197.39 on Friday. General Electric has a 1-year low of $131.91 and a 1-year high of $212.19. The firm has a market capitalization of $211.85 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.59 and a beta of 1.19. 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’s fifty day moving average price is $195.54 and its 200 day moving average price is $183.82.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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, sell-side 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 announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is 24.04%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GE. JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Bank of America boosted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.