General Electric (NYSE:GE) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of General Electric (NYSE:GE) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,719,443 shares of the conglomerate’s stock after acquiring an additional 145,301 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of General Electric worth $295,675,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GE. RPg Family Wealth Advisory LLC acquired a new position in General Electric in the third quarter valued at $30,000. Hager Investment Management Services LLC purchased a new stake in shares of General Electric during the fourth quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric in the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Electric in the 4th quarter valued at approximately $29,000. Finally, Picton Mahoney Asset Management boosted its holdings in shares of General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Trading Down 2.3 %

Shares of GE opened at $207.33 on Thursday. The firm has a market cap of $222.53 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The business’s fifty day moving average is $200.66 and its 200-day moving average is $185.98. General Electric has a 52-week low of $133.99 and a 52-week high of $214.21.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. 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 0.69%. General Electric’s dividend payout ratio (DPR) is 24.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. UBS Group increased their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company boosted their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric 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.