Rhumbline Advisers buys $370,569,342 stake in General Electric Company (GE)

General Electric Company (GE) : Rhumbline Advisers scooped up 514,414 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 12,303,099 shares of General Electric Company which is valued at $370,569,342.General Electric Company makes up approximately 1.15% of Rhumbline 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 , Capital Management Associates Ny reduced its stake in GE by selling 575 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 45,510 shares of GE which is valued at $1,370,761. General Electric Company makes up approx 2.43% of Capital Management Associates Ny’s portfolio.Hoxton Financial boosted its stake in GE in the latest quarter, The investment management firm added 599 additional shares and now holds a total of 11,090 shares of General Electric Company which is valued at $341,018. General Electric Company makes up approx 0.17% of Hoxton Financial’s portfolio.Pacwest Financial Management Inc reduced its stake in GE by selling 2,057 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 92,644 shares of GE which is valued at $2,848,803. General Electric Company makes up approx 1.83% of Pacwest Financial Management Inc’s portfolio.Family Capital Trust Co reduced its stake in GE by selling 11,890 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 184,725 shares of GE which is valued at $5,682,141. General Electric Company makes up approx 3.23% of Family Capital Trust Co’s portfolio.Moreno Evelyn V reduced its stake in GE by selling 220 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 133,400 shares of GE which is valued at $4,103,384. General Electric Company makes up approx 1.57% of Moreno Evelyn V’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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