General Electric (NYSE:GE) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of General Electric (NYSE:GE - Free Report) by 11,947.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,576,570 shares of the conglomerate's stock after acquiring an additional 1,563,484 shares during the period. International Assets Investment Management LLC owned approximately 0.14% of General Electric worth $201,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Halpern Financial Inc. grew its position in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. CGC Financial Services LLC lifted its stake in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate's stock worth $30,000 after buying an additional 110 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate's stock valued at $31,000 after buying an additional 299 shares during the last quarter. Financial Freedom LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $32,000. Finally, Macroview Investment Management LLC raised its holdings in General Electric by 43.4% in the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate's stock worth $35,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Price Performance

General Electric stock traded up $8.91 during mid-day trading on Friday, hitting $156.30. The stock had a trading volume of 14,768,738 shares, compared to its average volume of 6,665,200. General Electric has a one year low of $93.47 and a one year high of $180.36. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $170.88 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.95 and a beta of 1.29. The firm's 50 day moving average is $155.11 and its 200 day moving average is $131.12.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The business had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same period in the prior year, the company posted $1.24 EPS. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. On average, sell-side analysts forecast that General Electric will post 4.59 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. This is a boost from General Electric's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, April 12th. General Electric's dividend payout ratio is 3.82%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays reduced their price objective on General Electric from $181.00 to $175.00 and set an "overweight" rating for the company in a report on Wednesday. Vertical Research initiated coverage on shares of General Electric in a report on Thursday. They set a "buy" rating and a $160.00 price objective for the company. StockNews.com began coverage on shares of General Electric in a report on Friday. They issued a "hold" rating on the stock. Oppenheimer reiterated a "market perform" rating on shares of General Electric in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada lowered their price target on General Electric from $180.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, General Electric currently has an average rating of "Moderate Buy" and an average price target of $148.79.

Insider Activity

In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Michael J. Holston sold 22,055 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares of the company's stock, valued at $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the company's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.