General Electric (NYSE:GE) Holdings Lifted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its position in General Electric (NYSE:GE) by 30.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,723 shares of the conglomerate’s stock after purchasing an additional 407 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in General Electric were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Valley Wealth Managers Inc. bought a new position in General Electric in the 3rd quarter worth about $25,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter worth about $27,000. Peterson Financial Group Inc. bought a new position in General Electric in the 3rd quarter worth about $28,000. Sugar Maple Asset Management LLC bought a new position in General Electric in the 4th quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the third quarter valued at approximately $30,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Bank of America increased their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Stock Down 1.0 %

Shares of NYSE:GE opened at $194.08 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 company has a market cap of $208.31 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 52 week low of $130.38 and a 52 week high of $212.19. The firm has a 50 day simple moving average of $193.02 and a 200 day simple moving average of $183.20.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate 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 expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.74%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is currently 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.