ExodusPoint Capital Management LP decreased its position in shares of General Electric (NYSE:GE - Free Report) by 97.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,053 shares of the conglomerate's stock after selling 93,398 shares during the period. ExodusPoint Capital Management LP's holdings in General Electric were worth $342,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of General Electric during the 3rd quarter valued at $3,400,000. Westside Investment Management Inc. raised its stake in 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 purchasing an additional 70 shares in the last quarter. Diamant Asset Management Inc. lifted its position in General Electric by 2.7% during the third quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate's stock worth $1,150,000 after purchasing an additional 158 shares during the period. Morse Asset Management Inc grew its stake in General Electric by 30.2% during the third quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate's stock worth $3,511,000 after buying an additional 4,320 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in shares of General Electric by 1.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate's stock worth $2,308,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on GE shares. UBS Group increased their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research upgraded shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. raised 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. Finally, Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $213.33.
Read Our Latest Analysis on GE
General Electric Price Performance
Shares of GE traded down $0.89 during trading hours on Wednesday, reaching $184.78. 778,748 shares of the company's stock traded hands, compared to its average volume of 5,448,695. 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 firm's 50 day simple moving average is $197.59 and its 200-day simple moving average is $186.61. The stock has a market cap of $198.32 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21.
General Electric (NYSE:GE - Get Free Report) last issued its quarterly 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%. Equities analysts expect that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued 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 0.78%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is presently 24.04%.
About General Electric
(
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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