Independent Advisor Alliance Buys 4,943 Shares of General Electric (NYSE:GE)

Independent Advisor Alliance increased its stake in shares of General Electric (NYSE:GE) by 21.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,886 shares of the conglomerate’s stock after buying an additional 4,943 shares during the period. Independent Advisor Alliance’s holdings in General Electric were worth $4,651,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Atria Investments Inc boosted its stake in General Electric by 15.7% in the 3rd quarter. Atria Investments Inc now owns 23,407 shares of the conglomerate’s stock valued at $4,414,000 after purchasing an additional 3,179 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of General Electric by 41.8% during the third quarter. Axxcess Wealth Management LLC now owns 12,443 shares of the conglomerate’s stock worth $2,347,000 after buying an additional 3,671 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of General Electric in the third quarter valued at about $210,000. Tyler Stone Wealth Management grew its stake in shares of General Electric by 116.8% in the third quarter. Tyler Stone Wealth Management now owns 1,316 shares of the conglomerate’s stock valued at $248,000 after acquiring an additional 709 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of General Electric in the third quarter valued at about $165,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective 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. Citigroup boosted their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America increased their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Performance

NYSE:GE opened at $191.89 on Wednesday. The stock’s 50-day moving average is $193.99 and its 200-day moving average is $183.50. General Electric has a 1-year low of $131.14 and a 1-year high of $212.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market cap of $205.95 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last posted 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%. Equities research analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed 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 represents a $1.44 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. 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.