Schroder Investment Management Group Has $190.73 Million Stock Holdings in General Electric (NYSE:GE)

Schroder Investment Management Group raised its stake in shares of General Electric (NYSE:GE) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,134,597 shares of the conglomerate’s stock after buying an additional 378,371 shares during the period. Schroder Investment Management Group owned about 0.11% of General Electric worth $190,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GE. New Age Alpha Advisors LLC increased its holdings in General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after buying an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of General Electric during the 4th quarter worth $27,000. Sugar Maple Asset Management LLC bought a new position in shares of General Electric during the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $29,000. Finally, Picton Mahoney Asset Management boosted its holdings in General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 68 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

Shares of NYSE GE opened at $199.66 on Friday. The firm has a market capitalization of $214.29 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a one year low of $133.99 and a one year high of $214.21. The business has a fifty day simple moving average of $201.52 and a 200 day simple moving average of $186.50. 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 (NYSE:GE) last announced its quarterly earnings data 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 net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts expect that General Electric will post 5.4 EPS for the current 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is presently 24.04%.

Analyst Ratings Changes

A number of brokerages have weighed in on GE. UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Citigroup upped their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric has an average rating of “Moderate Buy” and a consensus price target 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.