Signature Estate & Investment Advisors LLC Has $846,000 Stake in General Electric (NYSE:GE)

Signature Estate & Investment Advisors LLC boosted its stake in shares of General Electric (NYSE:GE) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,070 shares of the conglomerate’s stock after buying an additional 893 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in General Electric were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GE. Janus Henderson Group PLC lifted its stake in shares of General Electric by 505.8% in the third quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate’s stock worth $359,882,000 after acquiring an additional 1,593,413 shares during the period. Raymond James Financial Inc. acquired a new position in shares of General Electric in the 4th quarter worth approximately $194,208,000. Franklin Resources Inc. boosted its stake in shares of General Electric by 206.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate’s stock valued at $278,247,000 after purchasing an additional 973,135 shares during the last quarter. State Street Corp increased its position in shares of General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate’s stock worth $8,181,801,000 after buying an additional 898,296 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in General Electric by 15,750.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 768,588 shares of the conglomerate’s stock worth $138,368,000 after buying an additional 763,739 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Up 0.9 %

GE stock opened at $212.18 on Wednesday. The stock has a market cap of $227.73 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $200.12 and its two-hundred day simple moving average is $185.83. General Electric has a 1-year low of $133.99 and a 1-year high of $212.76.

General Electric (NYSE:GE) last posted 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%. Analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is 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.