General Electric Company (GE) : Checchi Capital Advisers scooped up 3,090 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 2, 2016. The investment management firm now holds a total of 120,369 shares of General Electric Company which is valued at $3,625,514.General Electric Company makes up approximately 0.97% of Checchi Capital Advisers’s portfolio.
General Electric Company opened for trading at $29.68 and hit $30.24 on the upside on Friday, eventually ending the session at $30.12, with a gain of 0.77% or 0.23 points. The heightened volatility saw the trading volume jump to 2,83,01,406 shares. Company has a market cap of $276,973 M.
Other Hedge Funds, Including , Moody Lynn Lieberson reduced its stake in GE by selling 205,576 shares or 45.76% in the most recent quarter. The Hedge Fund company now holds 243,715 shares of GE which is valued at $7,340,696. General Electric Company makes up approx 1.15% of Moody Lynn Lieberson’s portfolio.Montgomery Investment Management Inc reduced its stake in GE by selling 981 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 46,699 shares of GE which is valued at $1,435,994. General Electric Company makes up approx 0.80% of Montgomery Investment Management Inc’s portfolio.Aperio Group boosted its stake in GE in the latest quarter, The investment management firm added 253,033 additional shares and now holds a total of 3,709,134 shares of General Electric Company which is valued at $114,055,871. General Electric Company makes up approx 0.97% of Aperio Group’s portfolio.Ims Capital Management reduced its stake in GE by selling 5,950 shares or 43.46% in the most recent quarter. The Hedge Fund company now holds 7,740 shares of GE which is valued at $238,005. General Electric Company makes up approx 0.29% of Ims Capital Management’s portfolio.
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. 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 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .
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.