Farringdon Capital Ltd. purchased a new stake in General Electric (NYSE:GE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,227 shares of the conglomerate's stock, valued at approximately $371,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of General Electric during the 3rd quarter worth approximately $3,400,000. Westside Investment Management Inc. boosted its stake in shares of General Electric by 6.0% in the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate's stock valued at $235,000 after buying an additional 70 shares during the period. Diamant Asset Management Inc. lifted its position in shares of General Electric by 2.7% during the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate's stock valued at $1,150,000 after acquiring an additional 158 shares during the period. Morse Asset Management Inc increased its position in shares of General Electric by 30.2% in the third quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate's stock worth $3,511,000 after purchasing an additional 4,320 shares during the period. Finally, SkyView Investment Advisors LLC grew its stake in General Electric by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate's stock worth $2,308,000 after buying an additional 232 shares in the last quarter. Institutional investors own 74.77% of the company's stock.
General Electric Stock Performance
General Electric stock traded up $4.79 during mid-day trading on Wednesday, reaching $193.97. The company's stock had a trading volume of 3,200,349 shares, compared to its average volume of 5,463,514. 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 12-month low of $150.20 and a 12-month high of $214.21. The company has a market capitalization of $208.19 billion, a P/E ratio of 32.38, a PEG ratio of 2.59 and a beta of 1.04. The firm's fifty day moving average price is $195.11 and its two-hundred day moving average price is $186.48.
General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts predict that General Electric will post 5.4 EPS for the current fiscal year.
General Electric Increases Dividend
The firm 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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is 24.04%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on GE. Wells Fargo & Company raised their target price on General Electric from $203.00 to $212.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Northcoast Research raised shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, 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 research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $212.07.
Get Our Latest Stock Analysis on General Electric
General Electric Company Profile
(
Free Report)
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.
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