Chiron Investment Management LLC Buys 17,382 Shares of General Electric (NYSE:GE)

Chiron Investment Management LLC boosted its position in shares of General Electric (NYSE:GE) by 76.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,124 shares of the conglomerate’s stock after buying an additional 17,382 shares during the quarter. General Electric makes up approximately 2.2% of Chiron Investment Management LLC’s holdings, making the stock its 13th largest holding. Chiron Investment Management LLC’s holdings in General Electric were worth $6,692,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC grew its holdings in shares of General Electric by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate’s stock valued at $39,000 after buying an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its holdings in General Electric by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 50 shares in the last quarter. Ballast Advisors LLC increased its holdings in General Electric by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate’s stock worth $349,000 after purchasing an additional 51 shares in the last quarter. Blue Barn Wealth LLC raised its stake in shares of General Electric by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate’s stock worth $245,000 after purchasing an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its holdings in shares of General Electric by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock valued at $96,000 after purchasing an additional 55 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Performance

NYSE GE opened at $181.60 on Monday. 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 company has a fifty day moving average of $198.36 and a 200-day moving average of $186.61. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21. The company has a market capitalization of $194.91 billion, a P/E ratio of 30.32, a P/E/G ratio of 2.59 and a beta of 1.04.

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, topping 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%. As a group, equities research analysts predict that General Electric will post 5.4 EPS 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. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. This is a positive change 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 presently 24.04%.

Analysts Set New Price Targets

A number of research firms recently commented on GE. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Citigroup lowered their target price on shares of General Electric from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Northcoast Research raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average target price of $212.73.

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.