Edmond DE Rothschild Holding S.A. Boosts Holdings in General Electric (NYSE:GE)

Edmond DE Rothschild Holding S.A. lifted its position in shares of General Electric (NYSE:GE) by 374.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,778 shares of the conglomerate’s stock after purchasing an additional 1,403 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in General Electric were worth $297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Johnson & White Wealth Management LLC purchased a new position in General Electric in the 4th quarter valued at about $733,000. Chung Wu Investment Group LLC acquired a new stake in shares of General Electric during the fourth quarter worth approximately $795,000. State Street Corp increased its stake in shares of General Electric by 2.1% in the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate’s stock worth $8,181,801,000 after buying an additional 898,296 shares during the last quarter. Soltis Investment Advisors LLC boosted its stake in General Electric by 269.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate’s stock valued at $5,318,000 after acquiring an additional 20,575 shares during the last quarter. Finally, World Investment Advisors LLC grew its holdings in General Electric by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate’s stock worth $2,576,000 after acquiring an additional 5,162 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective 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. Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Bank of America increased 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. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Down 2.0 %

Shares of NYSE:GE opened at $199.80 on Thursday. The company has a 50 day moving average of $202.43 and a 200-day moving average of $187.12. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $214.44 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a twelve month low of $138.01 and a twelve month high of $214.21.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, analysts anticipate 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. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.72%. General Electric’s payout ratio is 24.04%.

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.