Tnb Financial buys $12,629,706 stake in General Electric Company (GE)

General Electric Company (GE) : Tnb Financial scooped up 29,496 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 407,016 shares of General Electric Company which is valued at $12,629,706.General Electric Company makes up approximately 3.77% of Tnb Financial’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 , Boltwood Capital Management reduced its stake in GE by selling 100 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 69,921 shares of GE which is valued at $2,169,649. General Electric Company makes up approx 1.88% of Boltwood Capital Management’s portfolio. Mcnamara Financial Services sold out all of its stake in GE during the most recent quarter. The investment firm sold 62,101 shares of GE which is valued $1,926,994.Atalanta Sosnoff Capital boosted its stake in GE in the latest quarter, The investment management firm added 379,957 additional shares and now holds a total of 3,340,163 shares of General Electric Company which is valued at $103,645,258. General Electric Company makes up approx 3.23% of Atalanta Sosnoff Capital’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in GE in the latest quarter, The investment management firm added 5,945 additional shares and now holds a total of 384,540 shares of General Electric Company which is valued at $11,809,223. General Electric Company makes up approx 2.36% of First Financial Bank N.a. – Trust Division’s portfolio.Beacon Financial Group boosted its stake in GE in the latest quarter, The investment management firm added 254,514 additional shares and now holds a total of 340,017 shares of General Electric Company which is valued at $10,856,743. General Electric Company makes up approx 2.35% of Beacon Financial Group’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.

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