Economy

General Electric Company (GE) Holdings Reduced by First Citizens Bank & Trust Co

The stock has "Focus List" rating by Credit Suisse on Wednesday, September 16. The rating was initiated by Canaccord Genuity with "Buy" on Monday, August 10.

Ray Gerald L & Associates Ltd decreased General Electric Co (GE) stake by 6.02% reported in 2016Q4 SEC filing.

This company has been competing with others in the Industrial Goods space and offers its own combination of interesting factors General Electric Company (GE) now trades with a market capitalization of $210.04 Billion. Rudman Errol M accumulated 124,050 shares. General Electric's payout ratio is 118.52%. The stock rose 1.17% or $0.28 reaching $24.21. About 1.50 million shares traded. The company's market cap is $210.04 Billion. It has underperformed by 4.60% the S&P500.

Huntington National Bank cut its position in General Electric Company (NYSE:GE) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. They expect $-0.25 earnings per share, up 16.67% or $0.05 from last year's $-0.3 per share. After $-0.19 actual earnings per share reported by Remark Holdings, Inc. for the previous quarter, Wall Street now forecasts 31.58% negative EPS growth.

General Electric Company (GE)'s RSI (Relative strength index) is at 37.42, its ATR (Average True Range) value is 0.38, while its Beta factor was calculated at 1.2.

Since May 15, 2017, it had 3 buys, and 0 insider sales for $3.37 million activity. Beattie William G also bought $448,800 worth of General Electric Company (NYSE:GE) shares. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Therefore 0 are positive. The conglomerate reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The company was maintained on Friday, August 5 by Williams Capital Group. As per Friday, July 7, the company rating was maintained by Cowen & Co. On Wednesday, April 26 the stock rating was downgraded by Bank of America to "Neutral". On Tuesday, October 20 the stock rating was maintained by S&P Research with "Buy". The rating was upgraded by William Blair on Tuesday, October 13 to "Outperform".

General Electric Company (GE) now the company's industry has 12.62 P/E and the sector P/E is 16.21. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/09/18/bridges-investment-management-inc-buys-7024-shares-of-general-electric-company-ge.html.

Investors sentiment increased to 1.22 in Q4 2016. Its up 0.50, from 0.72 in 2016Q3. 41 funds opened positions while 80 raised stakes. Cardinal Cap Mngmt owns 181,725 shares or 2.19% of their U.S. portfolio.

Many analysts have provided their estimated foresights on General Electric Company Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.5. It improved, as 21 investors sold Portland General Electric Company shares while 78 reduced holdings. 651,026 were reported by Heritage Investors Corp. Lincoln National Corp now owns 92,406 shares of the company's stock worth $2,909,000 after buying an additional 9,232 shares during the last quarter. Lehman Financial Resource holds 207,401 shares or 3.73% of its portfolio. It seeks to achieve its investment objective by investing in three asset classes, such as intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and the United States Government and agency securities; senior, secured floating rate loans made to corporate and other business entities, and the United States dollar-denominated securities of the United States and non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality and, to a limited extent, non-United States dollar denominated securities of non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality. Vaughan Nelson Investment Management Limited Partnership, Texas-based fund reported 31,825 shares. PHH Investments Ltd. grew its holdings in General Electric by 105.0% during the 1st quarter. General Electric had a return on equity of 14.59% and a net margin of 6.45%. Nbw Capital Ltd Liability Corporation holds 0.47% or 51,288 shares in its portfolio. It also upped Salesforce Com Inc (NYSE:CRM) stake by 10,720 shares and now owns 24,155 shares. 5,000 shares were sold by MUNOZ GEORGE, worth $361,725 on Tuesday, May 23.

It is down 1.14% since September 18, 2016 and is downtrending. It has underperformed by 4.78% the S&P500. The company has market cap of $42.78 million. The Firm is engaged in the design, development, marketing and sale of business communication solutions.



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