TCW Group Inc. Has $189.36 Million Stake in General Electric (NYSE:GE)

TCW Group Inc. boosted its stake in General Electric (NYSE:GE) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,135,325 shares of the conglomerate’s stock after purchasing an additional 140,801 shares during the period. General Electric comprises approximately 1.6% of TCW Group Inc.’s investment portfolio, making the stock its 11th biggest position. TCW Group Inc.’s holdings in General Electric were worth $189,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its holdings in General Electric by 69.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,357 shares of the conglomerate’s stock worth $822,000 after acquiring an additional 1,790 shares during the period. Assenagon Asset Management S.A. grew its holdings in General Electric by 0.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate’s stock worth $5,784,000 after acquiring an additional 209 shares during the period. Global Trust Asset Management LLC grew its holdings in General Electric by 22.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 776 shares of the conglomerate’s stock worth $146,000 after acquiring an additional 140 shares during the period. Dakota Wealth Management grew its holdings in General Electric by 21.8% during the 3rd quarter. Dakota Wealth Management now owns 8,086 shares of the conglomerate’s stock worth $1,525,000 after acquiring an additional 1,449 shares during the period. Finally, Silver Oak Securities Incorporated grew its holdings in General Electric by 16.7% during the 3rd quarter. Silver Oak Securities Incorporated now owns 4,924 shares of the conglomerate’s stock worth $885,000 after acquiring an additional 706 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Price Performance

Shares of NYSE GE opened at $199.90 on Friday. General Electric has a fifty-two week low of $119.88 and a fifty-two week high of $212.19. The stock has a market cap of $214.55 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. 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 firm’s 50-day simple moving average is $186.57 and its 200 day simple moving average is $180.85.

General Electric (NYSE:GE) last announced 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%. As a group, research analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced 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 represents a $1.44 annualized dividend and a dividend yield of 0.72%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

Analyst Ratings Changes

GE has been the subject of a number of recent analyst reports. Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

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.