General Electric Company (GE) : Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in General Electric Company by 2.84% during the most recent quarter end. The investment management company now holds a total of 2,061,159 shares of General Electric Company which is valued at $64,163,880 after selling 60,280 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.General Electric Company makes up approximately 0.82% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.
Other Hedge Funds, Including , Fort Pitt Capital Group reduced its stake in GE by selling 1,505 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 999,463 shares of GE which is valued at $31,113,283. General Electric Company makes up approx 3.70% of Fort Pitt Capital Group’s portfolio.Tocqueville Asset Management boosted its stake in GE in the latest quarter, The investment management firm added 100,489 additional shares and now holds a total of 2,861,430 shares of General Electric Company which is valued at $89,104,930. General Electric Company makes up approx 1.11% of Tocqueville Asset Management’s portfolio.Financial Architects Inc boosted its stake in GE in the latest quarter, The investment management firm added 8,421 additional shares and now holds a total of 230,550 shares of General Electric Company which is valued at $7,211,604. General Electric Company makes up approx 1.98% of Financial Architects Inc’s portfolio.Pacwest Financial Management Inc reduced its stake in GE by selling 3,675 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 88,969 shares of GE which is valued at $2,879,037. General Electric Company makes up approx 1.76% of Pacwest Financial Management Inc’s portfolio.
General Electric Company opened for trading at $31.2 and hit $31.25 on the upside on Thursday, eventually ending the session at $31.17, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 2,02,93,694 shares. Company has a market cap of $279,322 M.
On the company’s financial health, General Electric Company reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.46. The company had revenue of $33494.00 million for the quarter, compared to analysts expectations of $31573.67 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on General Electric Company. Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016.
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.