Carroll Financial Associates buys $11,725,616 stake in General Electric Company (GE)

General Electric Company (GE) : Carroll Financial Associates scooped up 42,462 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 11, 2016. The investment management firm now holds a total of 406,293 shares of General Electric Company which is valued at $11,725,616.General Electric Company makes up approximately 1.77% of Carroll Financial Associates’s portfolio.

Other Hedge Funds, Including , Perkins Coie Trust Co boosted its stake in GE in the latest quarter, The investment management firm added 1,518 additional shares and now holds a total of 43,852 shares of General Electric Company which is valued at $1,265,569. General Electric Company makes up approx 0.81% of Perkins Coie Trust Co’s portfolio.Central Bank Trust Co boosted its stake in GE in the latest quarter, The investment management firm added 1,128 additional shares and now holds a total of 25,458 shares of General Electric Company which is valued at $740,319. General Electric Company makes up approx 0.21% of Central Bank Trust Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in GE in the latest quarter, The investment management firm added 284,348 additional shares and now holds a total of 8,689,301 shares of General Electric Company which is valued at $256,334,380. General Electric Company makes up approx 1.41% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in GE in the latest quarter, The investment management firm added 1,440,840 additional shares and now holds a total of 2,729,730 shares of General Electric Company which is valued at $80,527,035. General Electric Company makes up approx 0.33% of Bnp Paribas Arbitrage Sa’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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