Cassady Schiller Wealth Management LLC Has $67,000 Stock Holdings in General Electric (NYSE:GE)

Cassady Schiller Wealth Management LLC increased its position in shares of General Electric (NYSE:GE) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404 shares of the conglomerate’s stock after buying an additional 64 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in General Electric were worth $67,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in General Electric by 91.8% during the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate’s stock valued at $1,465,598,000 after purchasing an additional 3,719,894 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in General Electric by 505.8% during the third quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate’s stock valued at $359,882,000 after purchasing an additional 1,593,413 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in General Electric during the fourth quarter valued at approximately $194,208,000. Franklin Resources Inc. boosted its holdings in General Electric by 206.5% during the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate’s stock valued at $278,247,000 after purchasing an additional 973,135 shares in the last quarter. Finally, State Street Corp boosted its holdings in General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate’s stock valued at $8,181,801,000 after purchasing an additional 898,296 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Up 2.6 %

Shares of NYSE:GE opened at $197.39 on Monday. General Electric has a 52-week low of $131.91 and a 52-week high of $212.19. The company has a market capitalization of $211.85 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a 50-day simple moving average of $195.54 and a 200 day simple moving average of $184.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last released its quarterly 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 net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts forecast that General Electric will post 5.4 earnings per share 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 issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GE shares. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Citigroup boosted their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.