Ossiam Acquires 3,241 Shares of General Electric (NYSE:GE)

Ossiam raised its holdings in shares of General Electric (NYSE:GE) by 27.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,850 shares of the conglomerate’s stock after acquiring an additional 3,241 shares during the quarter. Ossiam’s holdings in General Electric were worth $2,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Virtu Financial LLC purchased a new stake in General Electric during the 3rd quarter valued at $3,400,000. Westside Investment Management Inc. grew its holdings in shares of General Electric by 6.0% in the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate’s stock worth $235,000 after acquiring an additional 70 shares during the period. Diamant Asset Management Inc. increased its position in General Electric by 2.7% during the third quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate’s stock valued at $1,150,000 after acquiring an additional 158 shares during the last quarter. Morse Asset Management Inc lifted its holdings in General Electric by 30.2% in the third quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate’s stock valued at $3,511,000 after acquiring an additional 4,320 shares during the period. Finally, SkyView Investment Advisors LLC boosted its position in General Electric by 1.9% in the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate’s stock worth $2,308,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE:GE opened at $181.88 on Monday. The stock has a 50-day moving average price of $196.12 and a 200 day moving average price of $186.52. 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 $148.83 and a 12-month high of $214.21. The stock has a market capitalization of $195.21 billion, a P/E ratio of 30.36, a P/E/G ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. Equities research analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group upped their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Northcoast Research upgraded General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered 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. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $213.33.

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.