2,180 Shares in General Electric (NYSE:GE) Purchased by MMA Asset Management LLC

MMA Asset Management LLC acquired a new position in General Electric (NYSE:GE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,180 shares of the conglomerate’s stock, valued at approximately $364,000.

Other large investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in General Electric in the 3rd quarter worth about $25,000. Hager Investment Management Services LLC bought a new stake in General Electric in the 4th quarter worth about $27,000. Peterson Financial Group Inc. bought a new stake in General Electric in the 3rd quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new position in General Electric in the fourth quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in General Electric in the third quarter worth about $30,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Up 2.9 %

NYSE GE opened at $207.22 on Friday. The stock’s 50 day moving average is $190.24 and its 200 day moving average is $182.10. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $124.08 and a 12 month high of $212.19. The stock has a market cap of $222.40 billion, a PE ratio of 34.59, a P/E/G ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last posted 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 return on equity of 22.19% and a net margin of 14.31%. Research analysts predict 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. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric’s payout ratio is presently 24.04%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America raised their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup raised their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Redburn Atlantic assumed coverage on General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

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.