General Electric (NYSE:GE) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its stake in shares of General Electric (NYSE:GE) by 61.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,109 shares of the conglomerate’s stock after buying an additional 11,875 shares during the period. Signaturefd LLC’s holdings in General Electric were worth $5,189,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GE. Peterson Financial Group Inc. acquired a new stake in General Electric during the 3rd quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the third quarter worth about $30,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric during the fourth quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric in the fourth quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in General Electric in the 4th quarter worth approximately $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Price Performance

Shares of NYSE GE opened at $197.39 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a fifty day moving average of $195.54 and a 200 day moving average of $184.00. The firm has a market cap of $211.85 billion, a PE ratio of 32.95, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a one year low of $131.91 and a one year high of $212.19.

General Electric (NYSE:GE) last released its earnings results 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%. As a group, research analysts predict that General Electric will post 5.4 EPS 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. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

Several analysts have commented on GE shares. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group boosted their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $211.31.

About General Electric

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.