General Electric (NYSE:GE) Position Boosted by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC increased its stake in General Electric (NYSE:GE) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,402 shares of the conglomerate’s stock after purchasing an additional 159 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in General Electric were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in shares of General Electric by 4.0% in the third quarter. Northern Trust Corp now owns 10,588,433 shares of the conglomerate’s stock valued at $1,170,551,000 after buying an additional 410,061 shares during the period. Morgan Stanley grew its holdings in shares of General Electric by 5.1% during the 3rd quarter. Morgan Stanley now owns 8,955,511 shares of the conglomerate’s stock worth $990,032,000 after purchasing an additional 434,736 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of General Electric in the 4th quarter valued at $520,488,000. Meritage Group LP boosted its position in shares of General Electric by 3.5% during the 3rd quarter. Meritage Group LP now owns 3,294,044 shares of the conglomerate’s stock valued at $364,157,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in General Electric by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 3,074,080 shares of the conglomerate’s stock valued at $339,848,000 after acquiring an additional 32,643 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on 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 owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research note on Monday. Argus upped their price target on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Finally, StockNews.com started coverage on shares of General Electric in a report on Monday. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $172.29.

General Electric Trading Up 1.0 %

Shares of GE traded up $1.67 during trading hours on Friday, hitting $164.31. 1,880,901 shares of the stock traded hands, compared to its average volume of 7,916,712. The business has a fifty day moving average of $161.72 and a 200-day moving average of $137.50. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $179.86 billion, a PE ratio of 53.69, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25. General Electric has a 1-year low of $77.93 and a 1-year high of $166.26.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Analysts expect that General Electric will post 3.95 EPS for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a $0.28 dividend. The ex-dividend date was Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.68%. General Electric’s dividend payout ratio (DPR) is 36.72%.

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.