General Electric (NYSE:GE) Stock Position Raised by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of General Electric (NYSE:GE) by 14.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 312,142 shares of the conglomerate’s stock after purchasing an additional 40,091 shares during the quarter. Assetmark Inc.’s holdings in General Electric were worth $52,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Valley Wealth Managers Inc. bought a new position in General Electric in the 3rd quarter worth about $25,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter worth about $27,000. Peterson Financial Group Inc. bought a new position in General Electric in the 3rd quarter worth about $28,000. Sugar Maple Asset Management LLC bought a new position in General Electric in the 4th quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric in the 3rd quarter worth about $30,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GE shares. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Finally, UBS Group raised their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Up 1.9 %

Shares of NYSE:GE opened at $202.61 on Thursday. General Electric has a 52 week low of $126.78 and a 52 week high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market capitalization of $217.46 billion, a PE ratio of 33.83, a PEG ratio of 2.59 and a beta of 1.19. The company has a 50 day moving average price of $192.06 and a two-hundred day moving average price of $182.77.

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%. Analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 yield of 0.71%. General Electric’s dividend payout ratio is 24.04%.

About General Electric

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.