American Money Management buys $3.1 Million stake in General Electric Company (GE)

General Electric Company (GE) : American Money Management scooped up 5,102 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 104,495 shares of General Electric Company which is valued at $3.1 Million.General Electric Company makes up approximately 2.59% of American Money Management’s portfolio.

Other Hedge Funds, Including , Wealth Architects reduced its stake in GE by selling 5,546 shares or 14.72% in the most recent quarter. The Hedge Fund company now holds 32,140 shares of GE which is valued at $952,630. General Electric Company makes up approx 0.48% of Wealth Architects’s portfolio.Caldwell Orkin Inc reduced its stake in GE by selling 47,330 shares or 17.25% in the most recent quarter. The Hedge Fund company now holds 226,985 shares of GE which is valued at $6.7 Million. General Electric Company makes up approx 4.00% of Caldwell Orkin Inc’s portfolio.Essex Investment Management Co boosted its stake in GE in the latest quarter, The investment management firm added 29,253 additional shares and now holds a total of 132,183 shares of General Electric Company which is valued at $3.9 Million. General Electric Company makes up approx 0.67% of Essex Investment Management Co’s portfolio.Cabot Wealth Management Inc reduced its stake in GE by selling 6,369 shares or 27.27% in the most recent quarter. The Hedge Fund company now holds 16,987 shares of GE which is valued at $503,495. General Electric Company makes up approx 0.14% of Cabot Wealth Management Inc’s portfolio.Matrix Asset Advisors Incny reduced its stake in GE by selling 33,954 shares or 20.94% in the most recent quarter. The Hedge Fund company now holds 128,193 shares of GE which is valued at $3.9 Million. General Electric Company makes up approx 0.76% of Matrix Asset Advisors Incny’s portfolio.

General Electric Company opened for trading at $29.53 and hit $29.68 on the upside on Friday, eventually ending the session at $29.56, with a gain of 0.68% or 0.2 points. The heightened volatility saw the trading volume jump to 3,50,04,526 shares. Company has a market cap of $271,824 M.

On the company’s financial health, General Electric Company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.19. The company had revenue of $27597.00 million for the quarter, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .

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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