WINTON GROUP Ltd Sells 7,864 Shares of General Electric (NYSE:GE)

WINTON GROUP Ltd decreased its holdings in shares of General Electric (NYSE:GE) by 26.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,653 shares of the conglomerate’s stock after selling 7,864 shares during the period. WINTON GROUP Ltd’s holdings in General Electric were worth $3,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GE. Hager Investment Management Services LLC acquired a new position in General Electric in the fourth quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric in the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Electric during the 4th quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new stake in General Electric in the third quarter worth $30,000. Finally, Picton Mahoney Asset Management grew its holdings in General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 68 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 0.6 %

Shares of GE stock opened at $206.11 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 has a market capitalization of $221.21 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a 52-week low of $133.99 and a 52-week high of $214.21. The company has a 50-day simple moving average of $201.18 and a two-hundred day simple moving average of $186.12.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 0.70%. 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 payout ratio is presently 24.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Wells Fargo & Company increased their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Citigroup lifted their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.