General Electric (NYSE:GE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in General Electric (NYSE:GE – Get Rating) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 288,522 shares of the conglomerate’s stock after selling 27,562 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in General Electric were worth $17,861,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of General Electric by 0.7% in the third quarter. Vanguard Group Inc. now owns 86,108,801 shares of the conglomerate’s stock worth $5,330,997,000 after acquiring an additional 625,757 shares in the last quarter. FMR LLC lifted its stake in shares of General Electric by 8.4% in the second quarter. FMR LLC now owns 66,963,503 shares of the conglomerate’s stock worth $4,263,567,000 after acquiring an additional 5,197,786 shares in the last quarter. Dodge & Cox increased its holdings in General Electric by 178.6% in the second quarter. Dodge & Cox now owns 28,966,680 shares of the conglomerate’s stock valued at $1,844,309,000 after buying an additional 18,569,368 shares during the last quarter. Pzena Investment Management LLC increased its holdings in General Electric by 5.6% in the third quarter. Pzena Investment Management LLC now owns 13,761,615 shares of the conglomerate’s stock valued at $851,982,000 after buying an additional 725,871 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in General Electric by 1.2% in the second quarter. Northern Trust Corp now owns 10,668,591 shares of the conglomerate’s stock valued at $679,270,000 after buying an additional 127,322 shares during the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GE. Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $89.00 to $94.00 in a report on Monday, December 5th. Argus boosted their price objective on General Electric from $85.00 to $90.00 in a report on Tuesday, January 31st. Oppenheimer boosted their price objective on General Electric from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company lowered their target price on General Electric from $82.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, January 25th. Finally, Citigroup upped their target price on General Electric from $87.00 to $100.00 and gave the company a “buy” rating in a report on Friday, December 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.14.

General Electric Stock Performance

Shares of GE stock opened at $90.29 on Friday. General Electric has a 12-month low of $46.55 and a 12-month high of $94.94. The firm has a market capitalization of $98.35 billion, a price-to-earnings ratio of -3,009.67, a price-to-earnings-growth ratio of 6.62 and a beta of 1.25. The business has a 50 day simple moving average of $83.12 and a 200 day simple moving average of $78.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 0.86.

General Electric (NYSE:GE – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The conglomerate reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. The business had revenue of $21.79 billion during the quarter, compared to analyst estimates of $22.11 billion. General Electric had a return on equity of 8.47% and a net margin of 0.29%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. On average, equities research analysts anticipate that General Electric will post 1.97 EPS for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, March 7th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.35%. General Electric’s dividend payout ratio (DPR) is -1,066.67%.

General Electric Company Profile

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General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.