TD Asset Management Inc. boosted its holdings in General Electric (NYSE:GE) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,361,451 shares of the conglomerate’s stock after purchasing an additional 80,572 shares during the quarter. TD Asset Management Inc.’s holdings in General Electric were worth $45,862,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. TIAA FSB boosted its holdings in shares of General Electric by 234.4% during the third quarter. TIAA FSB now owns 1,649,509 shares of the conglomerate’s stock valued at $10,276,000 after acquiring an additional 1,156,226 shares during the period. KBC Group NV boosted its holdings in shares of General Electric by 3.4% during the third quarter. KBC Group NV now owns 985,362 shares of the conglomerate’s stock valued at $6,139,000 after acquiring an additional 32,423 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of General Electric by 14.2% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 50,412 shares of the conglomerate’s stock valued at $314,000 after acquiring an additional 6,260 shares during the period. Centric Wealth Management boosted its holdings in shares of General Electric by 19.3% during the third quarter. Centric Wealth Management now owns 27,259 shares of the conglomerate’s stock valued at $232,000 after acquiring an additional 4,412 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its holdings in shares of General Electric by 21.4% during the third quarter. Trust Co. of Toledo NA OH now owns 16,000 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 2,815 shares during the period. 59.95% of the stock is owned by hedge funds and other institutional investors.

Shares of General Electric stock opened at $9.76 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.04 and a debt-to-equity ratio of 2.10. The company’s 50-day moving average price is $7.64 and its two-hundred day moving average price is $6.87. General Electric has a 52 week low of $5.48 and a 52 week high of $13.26. The stock has a market cap of $85.50 billion, a PE ratio of 27.11 and a beta of 0.76.

General Electric (NYSE:GE) last issued its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.10. General Electric had a net margin of 4.52% and a return on equity of 5.37%. During the same period in the previous year, the firm earned $0.15 EPS. On average, equities analysts predict that General Electric will post -0.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, September 28th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, September 25th. This represents a $0.04 annualized dividend and a yield of 0.41%. General Electric’s payout ratio is presently 6.15%.

GE has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of General Electric from a “strong sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a research note on Wednesday, October 14th. Barclays lifted their price objective on shares of General Electric from $9.00 to $11.00 in a research note on Friday, November 13th. Oppenheimer restated a “hold” rating on shares of General Electric in a research note on Monday, August 3rd. The Goldman Sachs Group lifted their price objective on shares of General Electric from $10.00 to $11.00 in a research note on Thursday, October 29th. Finally, UBS Group lifted their price objective on shares of General Electric from $8.50 to $9.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. General Electric currently has an average rating of “Buy” and an average price target of $8.89.

About General Electric

General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. It operates through Power, Renewable Energy, Aviation, Healthcare, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and power generation services.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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