Capstone Asset Management Co buys $15,411,960 stake in General Electric Company (GE)

General Electric Company (GE) : Capstone Asset Management Co scooped up 12,475 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 532,917 shares of General Electric Company which is valued at $15,411,960.General Electric Company makes up approximately 0.45% of Capstone Asset Management Co’s portfolio.

Other Hedge Funds, Including , Chicago Trust Co Na boosted its stake in GE in the latest quarter, The investment management firm added 1,147 additional shares and now holds a total of 179,177 shares of General Electric Company which is valued at $5,181,799. General Electric Company makes up approx 2.39% of Chicago Trust Co Na’s portfolio.Community Trust Investment Co reduced its stake in GE by selling 5,322 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 575,187 shares of GE which is valued at $16,599,897. General Electric Company makes up approx 2.11% of Community Trust Investment Co’s portfolio.Capital Investment Services Of America reduced its stake in GE by selling 1,650 shares or 10.87% in the most recent quarter. The Hedge Fund company now holds 13,525 shares of GE which is valued at $393,307. General Electric Company makes up approx 0.08% of Capital Investment Services Of America’s portfolio.Stillwater Investment Management boosted its stake in GE in the latest quarter, The investment management firm added 2,613 additional shares and now holds a total of 101,245 shares of General Electric Company which is valued at $2,986,728. General Electric Company makes up approx 1.62% of Stillwater Investment Management’s portfolio.Lynch Associatesin boosted its stake in GE in the latest quarter, The investment management firm added 6,081 additional shares and now holds a total of 247,356 shares of General Electric Company which is valued at $7,297,002. General Electric Company makes up approx 3.23% of Lynch Associatesin’s portfolio.

General Electric Company opened for trading at $28.75 and hit $29.03 on the upside on Tuesday, eventually ending the session at $28.92, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 3,09,42,235 shares. Company has a market cap of $259,159 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.

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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