ING Groep NV Sells 154,465 Shares of General Electric (NYSE:GE)

ING Groep NV reduced its holdings in General Electric (NYSE:GE - Free Report) by 61.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,963 shares of the conglomerate's stock after selling 154,465 shares during the quarter. ING Groep NV's holdings in General Electric were worth $16,339,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC lifted its position in General Electric by 5.2% in the third quarter. Foundations Investment Advisors LLC now owns 10,364 shares of the conglomerate's stock worth $1,954,000 after purchasing an additional 513 shares during the period. Private Advisor Group LLC raised its holdings in shares of General Electric by 1.7% in the 3rd quarter. Private Advisor Group LLC now owns 98,308 shares of the conglomerate's stock worth $18,539,000 after buying an additional 1,670 shares in the last quarter. McAdam LLC lifted its position in shares of General Electric by 4.2% during the 3rd quarter. McAdam LLC now owns 2,542 shares of the conglomerate's stock worth $479,000 after buying an additional 103 shares during the period. International Assets Investment Management LLC raised its stake in General Electric by 21,069.8% during the third quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate's stock worth $598,391,000 after acquiring an additional 3,158,153 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of General Electric by 19.5% in the 3rd quarter. Brighton Jones LLC now owns 9,587 shares of the conglomerate's stock worth $1,808,000 after purchasing an additional 1,567 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GE. Bank of America lifted their price target 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. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They set a "neutral" rating on the stock. Finally, Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.31.

General Electric Trading Down 0.5 %

Shares of General Electric stock traded down $0.96 on Monday, hitting $198.87. 2,876,259 shares of the company's stock traded hands, compared to its average volume of 5,335,453. The firm's 50-day moving average price is $186.57 and its two-hundred day moving average price is $180.98. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market capitalization of $213.45 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. General Electric has a one year low of $122.48 and a one year high of $212.19.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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, research analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.72%. General Electric's dividend payout ratio (DPR) is presently 18.70%.

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.