General Electric (NYSE:GE) Holdings Raised by Snider Financial Group

Snider Financial Group grew its stake in shares of General Electric (NYSE:GE) by 30.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,995 shares of the conglomerate’s stock after acquiring an additional 926 shares during the period. Snider Financial Group’s holdings in General Electric were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Keybank National Association OH boosted its stake in shares of General Electric by 6.2% during the 4th quarter. Keybank National Association OH now owns 49,904 shares of the conglomerate’s stock worth $8,323,000 after acquiring an additional 2,915 shares in the last quarter. Disciplined Investments LLC acquired a new position in General Electric during the fourth quarter valued at approximately $201,000. Horan Capital Advisors LLC. bought a new position in shares of General Electric in the fourth quarter valued at approximately $215,000. Westover Capital Advisors LLC lifted its stake in shares of General Electric by 5.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,376 shares of the conglomerate’s stock worth $230,000 after buying an additional 66 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of General Electric by 9.4% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 81,690 shares of the conglomerate’s stock worth $13,625,000 after buying an additional 7,052 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup increased their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group lifted their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company increased their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Down 1.6 %

Shares of NYSE GE opened at $198.82 on Wednesday. General Electric has a 1 year low of $125.26 and a 1 year high of $212.19. The firm’s 50-day moving average is $191.44 and its 200-day moving average is $182.63. 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 has a market capitalization of $213.39 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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 business also recently announced 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 is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric’s payout ratio is presently 24.04%.

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.