Vinva Investment Management Ltd Grows Position in General Electric (NYSE:GE)

Vinva Investment Management Ltd increased its stake in General Electric (NYSE:GE) by 52.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,019 shares of the conglomerate’s stock after buying an additional 10,653 shares during the quarter. Vinva Investment Management Ltd’s holdings in General Electric were worth $5,214,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Bank of Marin acquired a new stake in shares of General Electric in the fourth quarter valued at about $246,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Electric in the fourth quarter valued at about $38,000. Xponance Inc. grew its stake in shares of General Electric by 1.4% in the fourth quarter. Xponance Inc. now owns 176,264 shares of the conglomerate’s stock valued at $29,399,000 after buying an additional 2,490 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of General Electric in the fourth quarter valued at about $7,086,000. Finally, Evoke Wealth LLC grew its stake in General Electric by 11.8% during the 4th quarter. Evoke Wealth LLC now owns 3,334 shares of the conglomerate’s stock valued at $557,000 after purchasing an additional 351 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective 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 price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Bank of America raised 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 assumed coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Trading Up 2.4 %

Shares of NYSE GE opened at $205.67 on Thursday. The company has a market cap of $220.75 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 12-month low of $133.99 and a 12-month high of $212.19. 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 50 day simple moving average is $197.36 and its 200 day simple moving average is $184.53.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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 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 is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.70%. General Electric’s dividend payout ratio (DPR) is 24.04%.

About General Electric

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.