Ameritas Investment Partners Inc. Purchases 1,021 Shares of General Electric (NYSE:GE)

Ameritas Investment Partners Inc. raised its position in shares of General Electric (NYSE:GE) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,993 shares of the conglomerate’s stock after purchasing an additional 1,021 shares during the period. Ameritas Investment Partners Inc.’s holdings in General Electric were worth $2,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Rathbones Group PLC raised its holdings in shares of General Electric by 2.7% in the fourth quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock valued at $28,821,000 after acquiring an additional 5,997 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of General Electric by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock valued at $11,288,136,000 after purchasing an additional 550,996 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of General Electric by 3.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 288,224 shares of the conglomerate’s stock worth $36,786,000 after purchasing an additional 8,788 shares during the period. GAMMA Investing LLC boosted its stake in shares of General Electric by 25.4% during the second quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate’s stock valued at $2,702,000 after purchasing an additional 3,442 shares in the last quarter. Finally, Makena Capital Management LLC increased its holdings in General Electric by 26.2% during the fourth quarter. Makena Capital Management LLC now owns 149,855 shares of the conglomerate’s stock valued at $19,126,000 after buying an additional 31,107 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Trading Up 0.7 %

NYSE:GE opened at $187.43 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $168.69 and a 200-day simple moving average of $170.77. General Electric has a 12 month low of $84.42 and a 12 month high of $187.99. The company has a market capitalization of $205.16 billion, a P/E ratio of 61.45, a PEG ratio of 1.65 and a beta of 1.18.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, equities research analysts anticipate that General Electric will post 4.2 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.60%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Wall Street Analyst Weigh In

GE has been the subject of a number of analyst reports. Sanford C. Bernstein began coverage on General Electric in a report on Tuesday, September 10th. They set an “outperform” rating and a $201.00 target price for the company. UBS Group upped their price objective on General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Royal Bank of Canada lifted their target price on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of General Electric from $210.00 to $212.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $191.36.

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.