Zurcher Kantonalbank Zurich Cantonalbank Has $51.53 Million Holdings in General Electric (NYSE:GE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of General Electric (NYSE:GE - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 403,720 shares of the conglomerate's stock after buying an additional 22,217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in General Electric were worth $51,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in General Electric by 122,242.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate's stock worth $878,644,000 after purchasing an additional 13,427,079 shares during the last quarter. Norges Bank acquired a new position in General Electric in the 4th quarter worth about $635,274,000. State Street Corp increased its position in General Electric by 17.3% in the 1st quarter. State Street Corp now owns 48,490,012 shares of the conglomerate's stock worth $4,639,533,000 after purchasing an additional 7,157,356 shares during the last quarter. WCM Investment Management LLC acquired a new position in General Electric in the 4th quarter worth about $520,488,000. Finally, Brown Advisory Inc. increased its position in General Electric by 265.7% in the 3rd quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate's stock worth $332,581,000 after purchasing an additional 2,185,793 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Michael J. Holston sold 22,055 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael J. Holston sold 13,601 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares of the company's stock, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GE. Jefferies Financial Group dropped their target price on General Electric from $195.00 to $180.00 and set a "buy" rating on the stock in a research report on Wednesday, April 10th. StockNews.com began coverage on General Electric in a report on Saturday. They set a "hold" rating on the stock. Barclays lowered their price objective on General Electric from $181.00 to $175.00 and set an "overweight" rating on the stock in a report on Wednesday, April 3rd. The Goldman Sachs Group began coverage on General Electric in a report on Tuesday, April 9th. They set a "buy" rating and a $190.00 price objective on the stock. Finally, Royal Bank of Canada lowered their price objective on General Electric from $180.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.07.

General Electric Stock Performance

NYSE:GE traded down $1.09 during mid-day trading on Wednesday, hitting $155.67. 6,508,573 shares of the company's stock traded hands, compared to its average volume of 8,007,875. The firm has a 50 day moving average of $158.87 and a two-hundred day moving average of $133.96. General Electric has a 12 month low of $76.87 and a 12 month high of $158.68. The firm has a market capitalization of $170.19 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.01 and a beta of 1.29. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating 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 firm had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts forecast that General Electric will post 3.78 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. Shareholders of record on Monday, April 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from General Electric's previous quarterly dividend of $0.08. General Electric's dividend payout ratio (DPR) is currently 13.38%.

General Electric Company 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.