Ifp Advisors Inc buys $18,329,375 stake in General Electric Company (GE)

General Electric Company (GE) : Ifp Advisors Inc scooped up 79,221 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 608,545 shares of General Electric Company which is valued at $18,329,375.General Electric Company makes up approximately 1.11% of Ifp Advisors Inc’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 , Dt Investment Partners reduced its stake in GE by selling 22,956 shares or 58.53% in the most recent quarter. The Hedge Fund company now holds 16,262 shares of GE which is valued at $489,811. General Electric Company makes up approx 0.14% of Dt Investment Partners’s portfolio.Hgk Asset Management Inc reduced its stake in GE by selling 160,445 shares or 23.17% in the most recent quarter. The Hedge Fund company now holds 532,078 shares of GE which is valued at $16,361,399. General Electric Company makes up approx 1.56% of Hgk Asset Management Inc’s portfolio.Highpoint Advisor Group boosted its stake in GE in the latest quarter, The investment management firm added 8,058 additional shares and now holds a total of 98,928 shares of General Electric Company which is valued at $3,042,036. General Electric Company makes up approx 1.87% of Highpoint Advisor Group’s portfolio.Burt Wealth Advisors boosted its stake in GE in the latest quarter, The investment management firm added 1,279 additional shares and now holds a total of 33,229 shares of General Electric Company which is valued at $1,021,792. General Electric Company makes up approx 0.92% of Burt Wealth Advisors’s portfolio.Van Cleef Asset Managementinc reduced its stake in GE by selling 1,082 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 120,270 shares of GE which is valued at $3,699,505. General Electric Company makes up approx 1.29% of Van Cleef Asset Managementinc’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.

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