14,188 Shares in General Electric (NYSE:GE) Bought by SVB Wealth LLC

SVB Wealth LLC acquired a new position in shares of General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,188 shares of the conglomerate’s stock, valued at approximately $2,366,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Advocates Investment Management increased its stake in shares of General Electric by 8.3% in the 3rd quarter. Financial Advocates Investment Management now owns 3,720 shares of the conglomerate’s stock valued at $702,000 after purchasing an additional 286 shares during the last quarter. Stephens Inc. AR grew its position in General Electric by 5.7% in the third quarter. Stephens Inc. AR now owns 30,587 shares of the conglomerate’s stock valued at $5,768,000 after acquiring an additional 1,654 shares during the last quarter. Focus Financial Network Inc. grew its position in General Electric by 7.5% in the third quarter. Focus Financial Network Inc. now owns 4,222 shares of the conglomerate’s stock valued at $796,000 after acquiring an additional 293 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in General Electric by 4.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,552 shares of the conglomerate’s stock worth $293,000 after acquiring an additional 63 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its holdings in shares of General Electric by 59.7% in the third quarter. Gladstone Institutional Advisory LLC now owns 16,148 shares of the conglomerate’s stock worth $3,045,000 after acquiring an additional 6,038 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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 target for the company. UBS Group boosted their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. upped 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. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Performance

NYSE:GE opened at $207.22 on Friday. The company has a market capitalization 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 has a fifty-two week low of $124.08 and a fifty-two 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 50 day simple moving average of $190.24 and a two-hundred day simple moving average of $182.10.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Research analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 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.