14 September, 2017
Steinberg Global Asset Management sold 25,244 shares as General Electric Co (GE)'s stock declined 7.64%. Perigon Wealth Management LLC now owns 193,414 shares of the conglomerate's stock worth $5,826,000 after buying an additional 57,866 shares during the last quarter.
Shares of General Electric Company (NYSE:GE) opened at 30.28 on Wednesday. Deutsche Bank AG set a $24.00 target price on shares of General Electric and gave the stock a "sell" rating in a report on Saturday, May 20th. The total number of shares traded in the last 12 months is 2.39 million. More interesting news about General Electric Company (NYSE:GE) were released by: Investorplace.com and their article: "General Electric Co (GE) Stock Depends on Hiring, Not Firing" published on September 13, 2017 as well as Seekingalpha.com's news article titled: "General Electric's Focus In IIoT Could Be Very Lucrative" with publication date: September 11, 2017. It has underperformed by 18.77% the S&P500. Avenir Corp sold 193,525 shares as American Intl Group Inc (AIG)'s stock declined 2.08%. Wealthfront Inc. now owns 264,356 shares of the conglomerate's stock worth $8,354,000 after buying an additional 23,675 shares during the last quarter.
The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 600.24 million shares, BLACKROCK INC. with 517.32 million shares, STATE STREET CORP with 344.02 million shares, CAPITAL WORLD INVESTORS with 141.32 million shares, and BANK OF AMERICA CORP /DE/ with 132.61 million shares. Whalerock Point Partners LLC now owns 110,611 shares of the conglomerate's stock worth $3,495,000 after buying an additional 4,770 shares during the last quarter. It is down 8.59% since September 13, 2016 and is uptrending. It has underperformed by 6.84% the S&P500. Therefore 0 are positive. General Electric Company had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The Volatility 3m of El Paso Electric Company (NYSE:EE) is 12.181100. The rating was upgraded by JP Morgan to "Neutral" on Friday, December 16. The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, November 12. The rating was downgraded by TD Securities to "Hold" on Friday, February 26. The rating was maintained by S&P Research with "Buy" on Wednesday, October 14. Stifel Nicolaus maintained the stock with "Buy" rating in Monday, October 19 report. It also upped Cerner Corp (NASDAQ:CERN) stake by 10,355 shares and now owns 20,287 shares.
Since May 15, 2017, it had 3 buys, and 0 sales for $3.37 million activity. Capwealth Advisors Lc has invested 2.87% in General Electric Company (NYSE:GE). Also, insider Jeffrey S. Bornstein bought 5,000 shares of General Electric Company stock in a transaction that occurred on Tuesday, January 31st.
Investors sentiment decreased to 0.79 in Q4 2016. Its up 0.07, from 1.42 in 2016Q3. It dropped, as 68 investors sold GE shares while 818 reduced holdings.
Other institutional investors and hedge funds have also made changes to their positions in the company.
Motco decreased Columbia Acorn Fund Cl Z (ACRNX) stake by 38,723 shares to 21,185 valued at $324,000 in 2016Q4. Ledyard Financial Bank holds 2.55% or 454,723 shares in its portfolio. Wheatland Advsr Inc has invested 2.87% of its portfolio in General Electric Company (NYSE:GE). Rfg Advisory Ltd Liability Co has 22,580 shares. Burke & Herbert Bancshares stated it has 3.86% in General Electric Company (NYSE:GE). Equities analysts anticipate that General Electric Company will post $1.56 earnings per share for the current year. About 9,058 shares traded. Susquehanna Int Grp Inc Limited Liability Partnership reported 61,148 shares. Williams Capital Group has "Hold" rating and $48 target. Adage Capital Partners GP L.L.C. now owns 10,211,426 shares of the company's stock worth $321,456,000 after buying an additional 722,160 shares in the last quarter. Bahl Gaynor Inc owns 4.47M shares.
Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. Ajo Lp accumulated 0.03% or 133,203 shares. Following the purchase, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38. $87,650 worth of NOW Inc (NYSE:DNOW) was bought by Crandell James. Bernstein maintained the shares of GE in report on Tuesday, July 26 with "Market Perform" rating. Goldman Sachs downgraded the shares of POR in report on Monday, June 6 to "Sell" rating. (USA) (NYSE:GG) earned "Neutral" rating by Macquarie Research on Tuesday, March 15. Stephens downgraded NOW Inc (NYSE:DNOW) rating on Thursday, August 6. $40's average target is -14.75% below currents $46.92 stock price.