General Electric (NYSE:GE) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in General Electric (NYSE:GE) by 41.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,576 shares of the conglomerate’s stock after acquiring an additional 10,805 shares during the quarter. Jones Financial Companies Lllp’s holdings in General Electric were worth $6,101,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. UBS Group upped their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Price Performance

Shares of GE opened at $201.91 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $125.26 and a 1-year high of $212.19. The stock has a market cap of $216.71 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The firm has a fifty day moving average price of $190.89 and a 200 day moving average price of $182.42.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.71%. General Electric’s dividend payout ratio (DPR) is 24.04%.

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.