Daiwa Securities Group Inc. Has $12.53 Million Holdings in General Electric (NYSE:GE)

Daiwa Securities Group Inc. increased its holdings in shares of General Electric (NYSE:GE) by 7.1% during the fourth quarter, Holdings Channel reports. The fund owned 98,149 shares of the conglomerate’s stock after purchasing an additional 6,527 shares during the period. Daiwa Securities Group Inc.’s holdings in General Electric were worth $12,527,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GE. Halpern Financial Inc. grew its position in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 184 shares during the last quarter. CGC Financial Services LLC grew its position in General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares during the last quarter. Capital Analysts LLC grew its position in General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in General Electric by 808.1% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. Finally, Financial Freedom LLC bought a new stake in General Electric during the 4th quarter worth approximately $32,000. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price target on General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Royal Bank of Canada decreased their price objective on General Electric from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. JPMorgan Chase & Co. decreased their price objective on General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

General Electric Stock Performance

GE stock opened at $156.69 on Thursday. The business’s fifty day moving average is $158.87 and its 200-day moving average is $133.96. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. The company has a market cap of $171.30 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 3.07 and a beta of 1.29. General Electric has a twelve month low of $76.87 and a twelve month high of $158.68.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping the consensus estimate of $0.90 by $0.13. The business had revenue of $19.42 billion for the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. Equities research analysts forecast that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is presently 13.38%.

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.