Tokio Marine Asset Management Co. Ltd. Boosts Holdings in General Electric (NYSE:GE)

Tokio Marine Asset Management Co. Ltd. increased its holdings in General Electric (NYSE:GE) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,362 shares of the conglomerate’s stock after purchasing an additional 596 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in General Electric were worth $3,365,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Halpern Financial Inc. raised its holdings in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 184 shares in the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric during the 4th quarter worth approximately $27,000. CGC Financial Services LLC raised its holdings in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Bfsg LLC bought a new position in shares of General Electric during the 4th quarter valued at approximately $32,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

General Electric Price Performance

GE traded up $1.25 during trading on Thursday, hitting $160.44. The company’s stock had a trading volume of 3,018,910 shares, compared to its average volume of 8,102,321. The company has a current ratio of 1.17, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. General Electric has a twelve month low of $76.87 and a twelve month high of $163.65. The business’s fifty day simple moving average is $160.20 and its 200 day simple moving average is $135.55. The firm has a market capitalization of $175.40 billion, a price-to-earnings ratio of 52.13, a P/E/G ratio of 3.05 and a beta of 1.29.

General Electric (NYSE:GE) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. On average, equities research analysts forecast that General Electric will post 3.95 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is 36.72%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GE shares. TD Cowen raised General Electric from a “hold” rating to a “buy” rating and boosted their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Jefferies Financial Group cut their target price on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. cut their target price on General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.29.

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.