ING Groep NV Acquires 40,573 Shares of General Electric (NYSE:GE)

ING Groep NV boosted its holdings in shares of General Electric (NYSE:GEFree Report) by 24.6% in the fourth quarter, HoldingsChannel reports. The firm owned 205,303 shares of the conglomerate’s stock after acquiring an additional 40,573 shares during the period. ING Groep NV’s holdings in General Electric were worth $26,203,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC raised its position in General Electric by 29.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after purchasing an additional 6,419 shares during the last quarter. Fifth Third Bancorp raised its position in shares of General Electric by 12.5% during the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after acquiring an additional 28,985 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of General Electric by 10.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock valued at $12,087,000 after acquiring an additional 10,722 shares during the period. USA Financial Formulas lifted its stake in shares of General Electric by 24,042.9% during the fourth quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate’s stock valued at $1,294,000 after acquiring an additional 10,098 shares during the period. Finally, Grandfield & Dodd LLC boosted its holdings in General Electric by 9.3% in the fourth quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock valued at $34,432,000 after acquiring an additional 22,998 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 0.8 %

Shares of General Electric stock traded down $1.23 during trading hours on Friday, hitting $159.89. The company’s stock had a trading volume of 5,946,278 shares, compared to its average volume of 6,735,205. The company has a market capitalization of $175.02 billion, a PE ratio of 52.42, a price-to-earnings-growth ratio of 2.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The stock has a 50 day moving average of $162.89 and a 200 day moving average of $141.96. General Electric has a 12 month low of $79.76 and a 12 month high of $170.80.

General Electric (NYSE:GEGet Free Report) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. General Electric’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Analysts predict that General Electric will post 3.96 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Analysts Set New Price Targets

Several brokerages have weighed in on GE. JPMorgan Chase & Co. boosted their price objective on General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Citigroup increased their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Wells Fargo & Company upped their target price on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Finally, TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.21.

View Our Latest Analysis on GE

General Electric Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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