Oxford Financial Group LTD. LLC Has $608,000 Holdings in General Electric (NYSE:GE)

Oxford Financial Group LTD. LLC reduced its stake in shares of General Electric (NYSE:GE) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,644 shares of the conglomerate’s stock after selling 140 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in General Electric were worth $608,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GE. RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the 3rd quarter valued at $30,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Electric in the 4th quarter valued at $29,000. Finally, Picton Mahoney Asset Management raised its stake 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 in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GE shares. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Down 0.8 %

Shares of NYSE GE opened at $203.92 on Friday. The firm has a market capitalization of $218.87 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1 year low of $133.99 and a 1 year high of $212.19. The firm’s 50-day moving average is $197.98 and its 200-day moving average is $184.67.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

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.