GE to take $6.2 bln charge in its finance arm

Representational image

The institutional investor held 30,887 shares of the aerospace company at the end of 2017Q3, valued at $3.59 million, down from 34,109 at the end of the previous reported quarter.

General Electric shares significantly underperformed the market in the past year. The stock increased 1.51% or $1.45 during the last trading session, reaching $97.65. About 33,798 shares traded. Monro, Inc. (MNRO) has declined 18.88% since January 16, 2017 and is downtrending. It has outperformed by 102.63% the S&P500.

Signaturefd Llc increased its stake in General Electric Co (GE) by 19.31% based on its latest 2017Q3 regulatory filing with the SEC. Founders Capital Management Llc bought 13,288 shares as the company's stock declined 7.81% while stock markets rallied.

The stock increased 0.78% or $0.9 during the last trading session, reaching $116.49.

GE shares traded down 3.8 percent Tuesday. It has underperformed by 4.60% the S&P500. Its down 0.10, from 0.79 in 2017Q2. Riverbridge Prns Ltd Limited Liability Company invested in 5,556 shares. 64 funds opened positions while 98 raised stakes. Fairfield Bush And reported 57,615 shares. Univest Corporation Of Pennsylvania holds 0.42% or 41,312 shares in its portfolio. 15,000 are held by First Quadrant Limited Partnership Ca. Wendell David Associate Inc owns 94,544 shares for 0.4% of their portfolio. BlackRock Inc. lifted its holdings in shares of General Electric by 3.9% during the 2nd quarter. Barbara Oil Com holds 40,000 shares. Valicenti Advisory stated it has 206,500 shares or 2.51% of all its holdings. Lehman Fincl Res invested in 2.65% or 215,480 shares. Tru Of Virginia Va has 1.76% invested in AT&T Inc.

Among 7 analysts covering Interactive Brokers Group (NASDAQ:IBKR), 0 have Buy rating, 2 Sell and 5 Hold. Below is a list of General Electric Company (NYSE:GE) latest ratings and price target changes. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. As per Monday, October 23, the company rating was downgraded by Morgan Stanley. The rating was maintained by Bank of America with "Buy" on Tuesday, November 14. Jefferies has "Buy" rating and $8500 target. S&P Research maintained the stock with "Buy" rating in Monday, August 17 report. On Thursday, June 29 the stock rating was maintained by Keefe Bruyette & Woods with "Hold". The company was maintained on Thursday, August 17 by Keefe Bruyette & Woods. Annual EPS Growth of past 5 years is -4.10%.

The review, concluded a week ago, showed GE needed to set aside $15 billion through 2024, including $3 billion in the current quarter, to cover potential payouts on the policies it retained. It also upped Fortress Investment Group Llc (NYSE:FIG) stake by 1.29 million shares and now owns 7.77M shares. Therefore 13% are positive.

General Electric Company operates as an infrastructure and technology firm worldwide. The stock has "Neutral" rating by Goldman Sachs on Tuesday, January 10. The firm has "Hold" rating given on Tuesday, October 10 by Keefe Bruyette & Woods. The rating was upgraded by Vetr to "Buy" on Wednesday, August 26. As per Monday, January 4, the company rating was downgraded by Barclays Capital. (NYSE:T) earned "Mkt Perform" rating by FBR Capital on Friday, July 24.

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. The institutional investor held 11,500 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $278,000, down from 62,330 at the end of the previous reported quarter. Comstock Elizabeth J had sold 24,693 shares worth $633,375.

Investors sentiment decreased to 0.69 in Q3 2017. Its up 0.51, from 1.21 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 22 funds opened positions while 64 raised stakes. Union Bankshares Corporation invested 1.32% in General Electric Company (NYSE:GE). M&T Bancorp has invested 0% of its portfolio in Portland General Electric Company (NYSE:POR). (NYSE:T). Northwestern Mutual Wealth Management Communications has 426,668 shares. Manning & Napier Advisors Ltd holds 0.01% or 43,536 shares in its portfolio. 6,894 were accumulated by Advsrs Ltd Com.

In related news, Director Francisco Dsouza purchased 55,000 shares of General Electric stock in a transaction dated Monday, November 20th.

Hancock has 229,435 shares for 0.54% of their portfolio. Tokio Marine Asset Mgmt Communications Ltd reported 74,513 shares. The Connecticut-based Prospector Partners Llc has invested 0.63% in the stock. The company has market cap of $1.97 billion.

I-G Investment Management Ltd decreased Bb&T Corp (NYSE:BBT) stake by 102,400 shares to 605,000 valued at $28.40 million in 2017Q3.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related:

  • Google Arts & Culture App Now Matches Your Selfie To Famous Paintings

    Google Arts & Culture App Now Matches Your Selfie To Famous Paintings

    A new app from Google attempts to accurately match your face to one in a famous painting, and it's getting a lot of attention. The latest version of the app matches your selfies with works of art, letting you check out your fine art alter ego.
    America Is Getting Tough on Iran Despite Sanctions Relief

    America Is Getting Tough on Iran Despite Sanctions Relief

    President Trump, who openly despises the deal, is soon to decide whether or not to renew sanctions against Tehran. Trump, despite his repeated efforts, has failed to undermine the accord.
    Australian Open Day 1: Venus highlights first day tumblings

    Australian Open Day 1: Venus highlights first day tumblings

    The turning point in the match came late in the first set when play was stopped to allow the roof to be closed because of rain. And clearly, so did No. 10 seed and No. 13 seed, who both lost Monday (all three played in last year's US Open semifinals).
  • US House Approves Renewal of Anti-terror Surveillance Law

    US House Approves Renewal of Anti-terror Surveillance Law

    President Trump tweeted early Thursday morning, questioning the controversial program. Fitzpatrick (R-Pennsylvania-8) said .
    Roy slams 180 as England chase 305 to take 1-0 lead

    Roy slams 180 as England chase 305 to take 1-0 lead

    Marsh and Stoinis can play the finisher role very well but cannot be trusted to score from the 30th or the 35th over. Earlier, Aaron Finch scored a century for Australia as they posted an imposing total in the first innings.
    New Google app feature will allow users to match selfies with artwork

    New Google app feature will allow users to match selfies with artwork

    From the list of artwork, you can then tap on your favorite painting and learn more about it. The app will then show you a list of artwork which your photo resembles, Inverse reports.
  • Annie Lennox Pays Tribute to 'Brilliant' Dolores O'Riordan

    Annie Lennox Pays Tribute to 'Brilliant' Dolores O'Riordan

    The Cranberries' Noel and Mike Hogan and Fergal Lawler said, "We are devastated on the passing of our friend Dolores ". Aedin Ni Bhriain said the school was very proud of everything O'Riordan achieved.
    Handmaid's Tale season two gets first teaser & release date

    Handmaid's Tale season two gets first teaser & release date

    It depicts an even darker, bleaker Gilead than we saw in season 1 and left us with plenty of questions about the upcoming season. Bruce said: "Margaret and I had started to talk about the shape of season two halfway through the first".
    Pirates send McCutchen to Giants

    Pirates send McCutchen to Giants

    McCutchen, 31, has played his whole career with Pittsburg and has never hit less than 12 home runs in a season. McCutchen was a free agent after 2018, so trading him now and getting *something* back made the most sense.
  • Vikings QB Bradford's status remains up in air

    Vikings QB Bradford's status remains up in air

    The most targets he received in a single game was nine on two occasions against the Chicago Bears and Green Bay Packers. Wide receiver Michael Thomas came up huge late in the game, finishing with eight catches for 131 yards.
    Jail-Break On The Go With The Escapists 2 For The Switch

    Jail-Break On The Go With The Escapists 2 For The Switch

    Nintendo's Nintendo Switch has managed to create quite the buzz this year and deserves all the success that is heading its way. The Switch port features the same two player co-op side-scrolling action, and also adds Funky Kong as a playable character.
    Stinger-Inspired Kia Forte Debuts

    Stinger-Inspired Kia Forte Debuts

    The clean design adds to a feeling of space in the cabin, and materials upgrades include more soft surfaces at key touch points. It's 3.2 inches longer, which is quite noticeable in automotive design, as well as a half-inch taller and 0.7 inches wider.

Comments

Other news