General Electric (NYSE:GE) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC grew its stake in shares of General Electric (NYSE:GE) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,263 shares of the conglomerate’s stock after purchasing an additional 315 shares during the period. RWA Wealth Partners LLC’s holdings in General Electric were worth $3,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GE. Schroder Investment Management Group boosted its stake in General Electric by 50.0% in the 4th quarter. Schroder Investment Management Group now owns 1,134,597 shares of the conglomerate’s stock worth $190,726,000 after purchasing an additional 378,371 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of General Electric by 298.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 153,178 shares of the conglomerate’s stock worth $25,549,000 after buying an additional 114,764 shares during the period. American Money Management LLC grew its holdings in shares of General Electric by 3.4% during the fourth quarter. American Money Management LLC now owns 17,209 shares of the conglomerate’s stock valued at $2,870,000 after buying an additional 566 shares in the last quarter. Okabena Investment Services Inc. raised its position in General Electric by 5.8% during the fourth quarter. Okabena Investment Services Inc. now owns 11,093 shares of the conglomerate’s stock valued at $1,850,000 after buying an additional 609 shares during the period. Finally, Allianz SE purchased a new stake in General Electric in the 4th quarter worth about $7,481,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of GE opened at $199.66 on Monday. The company has a market capitalization of $214.29 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a one year low of $133.99 and a one year high of $214.21. The company’s fifty day moving average price is $201.52 and its 200 day moving average price is $186.64.

General Electric (NYSE:GE) last posted its quarterly earnings data 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%. As a group, analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business 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 is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GE. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Bank of America increased their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Citigroup upped their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric 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.