Keybank National Association OH Has $8.32 Million Stock Position in General Electric (NYSE:GE)

Keybank National Association OH increased its position in shares of General Electric (NYSE:GE) by 6.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,904 shares of the conglomerate’s stock after purchasing an additional 2,915 shares during the period. Keybank National Association OH’s holdings in General Electric were worth $8,323,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Disciplined Investments LLC purchased a new stake in shares of General Electric in the fourth quarter worth approximately $201,000. Horan Capital Advisors LLC. purchased a new stake in shares of General Electric in the fourth quarter worth approximately $215,000. Westover Capital Advisors LLC raised its stake in shares of General Electric by 5.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,376 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 66 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of General Electric by 9.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 81,690 shares of the conglomerate’s stock worth $13,625,000 after purchasing an additional 7,052 shares during the last quarter. Finally, Synergy Investment Management LLC purchased a new stake in shares of General Electric in the fourth quarter worth approximately $53,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on GE shares. UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Citigroup increased their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price for the company. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Price Performance

Shares of NYSE GE opened at $202.61 on Thursday. The stock has a fifty day simple moving average of $192.06 and a two-hundred day simple moving average of $182.77. General Electric has a 1-year low of $126.78 and a 1-year high of $212.19. The firm has a market cap of $217.46 billion, a price-to-earnings ratio of 33.83, 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 (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio 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.