General Electric Company (GE) : Eastern Bank scooped up 15,249 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 867,643 shares of General Electric Company which is valued at $26,922,962.General Electric Company makes up approximately 2.18% of Eastern Bank’s portfolio.
General Electric Company opened for trading at $30.9 and hit $31.19 on the upside on Monday, eventually ending the session at $31.06, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 2,10,74,404 shares. Company has a market cap of $289,809 M.
Other Hedge Funds, Including , Blue Fin Capital reduced its stake in GE by selling 5,019 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 49,931 shares of GE which is valued at $1,549,359. General Electric Company makes up approx 1.30% of Blue Fin Capital’s portfolio.Peachtree Investment Advisors boosted its stake in GE in the latest quarter, The investment management firm added 1,125 additional shares and now holds a total of 37,137 shares of General Electric Company which is valued at $1,152,361. General Electric Company makes up approx 1.14% of Peachtree Investment Advisors’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in GE in the latest quarter, The investment management firm added 273,808 additional shares and now holds a total of 2,146,860 shares of General Electric Company which is valued at $66,617,066. General Electric Company makes up approx 1.53% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Hollencrest Securities boosted its stake in GE in the latest quarter, The investment management firm added 941 additional shares and now holds a total of 308,604 shares of General Electric Company which is valued at $9,477,229. General Electric Company makes up approx 1.65% of Hollencrest Securities’s portfolio.
On the company’s financial health, General Electric Company reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 22, 2016. Analyst had a consensus of $0.49. The company had revenue of $33839.00 million for the quarter, compared to analysts expectations of $35907.16 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. General Electric Company was Downgraded by Berenberg to ” Hold” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.