Sei Investments Co. Has $175.11 Million Stock Holdings in General Electric (NYSE:GE)

Sei Investments Co. boosted its stake in shares of General Electric (NYSE:GE) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,049,868 shares of the conglomerate’s stock after purchasing an additional 3,840 shares during the period. Sei Investments Co. owned 0.10% of General Electric worth $175,106,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in General Electric by 51.8% during the fourth quarter. American Century Companies Inc. now owns 299,935 shares of the conglomerate’s stock valued at $50,026,000 after purchasing an additional 102,319 shares during the last quarter. Mizuho Securities USA LLC raised its stake in General Electric by 45.9% in the fourth quarter. Mizuho Securities USA LLC now owns 102,577 shares of the conglomerate’s stock valued at $17,109,000 after buying an additional 32,265 shares during the period. Quantbot Technologies LP bought a new stake in General Electric in the fourth quarter valued at approximately $6,095,000. Millstone Evans Group LLC bought a new stake in General Electric in the fourth quarter valued at approximately $868,000. Finally, 1620 Investment Advisors Inc. bought a new stake in General Electric in the fourth quarter valued at approximately $58,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GE has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Citigroup upped their price objective 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 upped their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Two equities research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Up 0.0 %

GE stock opened at $203.99 on Friday. 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’s 50-day simple moving average is $198.63 and its 200 day simple moving average is $184.87. General Electric has a 52 week low of $133.99 and a 52 week high of $212.19. The company has a market capitalization of $218.94 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. 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 is presently 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.