Chiron Investment Management LLC Has $6.69 Million Stake in General Electric (NYSE:GE)

Chiron Investment Management LLC increased its stake in General Electric (NYSE:GE) by 76.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,124 shares of the conglomerate’s stock after purchasing an additional 17,382 shares during the quarter. General Electric makes up 2.2% of Chiron Investment Management LLC’s investment portfolio, making the stock its 13th largest holding. Chiron Investment Management LLC’s holdings in General Electric were worth $6,692,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of General Electric during the 3rd quarter worth about $3,400,000. Westside Investment Management Inc. increased its position in General Electric by 6.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate’s stock worth $235,000 after buying an additional 70 shares during the period. Diamant Asset Management Inc. lifted its holdings in shares of General Electric by 2.7% during the third quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate’s stock worth $1,150,000 after buying an additional 158 shares during the last quarter. Morse Asset Management Inc boosted its position in shares of General Electric by 30.2% in the third quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate’s stock valued at $3,511,000 after acquiring an additional 4,320 shares during the period. Finally, SkyView Investment Advisors LLC grew its stake in shares of General Electric by 1.9% in the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate’s stock worth $2,308,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.1 %

Shares of GE stock opened at $181.60 on Monday. 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 has a market capitalization of $194.91 billion, a P/E ratio of 30.32, a P/E/G ratio of 2.59 and a beta of 1.04. General Electric has a 12-month low of $146.78 and a 12-month high of $214.21. The firm has a 50-day moving average price of $198.36 and a 200 day moving average price of $186.61.

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

General Electric Increases Dividend

The firm 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 0.79%. This is a boost from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GE. JPMorgan Chase & Co. increased 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 reduced their target price on shares of General Electric from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. 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 upgraded General Electric from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $212.73.

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.