Schroder Investment Management Group Purchases 378,371 Shares of General Electric (NYSE:GE)

Schroder Investment Management Group raised its position in shares of General Electric (NYSE:GE) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,134,597 shares of the conglomerate’s stock after acquiring an additional 378,371 shares during the period. Schroder Investment Management Group’s holdings in General Electric were worth $190,726,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Circle Wealth Management LLC bought a new stake in shares of General Electric during the third quarter worth $226,000. Kolinsky Wealth Management LLC acquired a new position in General Electric during the 3rd quarter worth about $309,000. L.M. Kohn & Company bought a new stake in General Electric during the 3rd quarter worth about $255,000. Acropolis Investment Management LLC acquired a new stake in General Electric in the 3rd quarter valued at about $274,000. Finally, NCM Capital Management LLC bought a new position in shares of General Electric in the third quarter worth about $201,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered 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. Citigroup upped 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Trading Down 3.0 %

Shares of NYSE GE opened at $199.66 on Friday. General Electric has a twelve month low of $133.99 and a twelve month high of $214.21. The stock has a market cap of $214.29 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average is $201.52 and its 200-day moving average is $186.50.

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 the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities research analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 0.72%. This is a boost 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.