Economy

Goldman Sachs Reaffirms Neutral Rating for General Electric (GE)

Goldman Sachs Reaffirms Neutral Rating for General Electric (GE)

Connor Clark & Lunn Inv Mngmt reported 1.80M shs. R-M Sincerbeaux Capital Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $114.45B market cap company. The stock increased 3.72% or $0.49 during the last trading session, reaching $13.67. About 53.83 million shares traded. Georgia-based Willis Invest Counsel has invested 1.07% in General Electric Company (NYSE:GE). GE underperformed by 65.90% the S&P500.

Benchmark Capital Advisors increased its stake in Teva Pharmaceutcl Inds Adr (TEVA) by 59.31% based on its latest 2017Q4 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 88,528 shares as the company's stock declined 5.31% with the market. As per Tuesday, January 16, the company rating was maintained by Vertical Research.

Shares of General Electric stock opened at $13.18 on Monday. Arc Logistic Partners LP Common (NYSE:ARCX) has 0.00% since April 13, 2017 and is. It has underperformed by 11.55% the S&P500. Its down 0.44, from 1.03 in 2017Q3. Its up 0.21, from 1.24 in 2017Q3. It improved, as 15 investors sold TCAP shares while 31 reduced holdings. 65 funds opened positions while 148 raised stakes. Segantii Cap Mngmt reported 1.23% stake. Stonehearth Mngmt Ltd Liability reported 0.97% stake. Regentatlantic Capital Ltd reported 0.24% in CBS Corporation (NYSE:CBS). Crestpoint Capital Limited Liability Corp holds 0.14% or 14,700 shs. Toronto Dominion Bancorporation invested in 3.90M shares or 0.2% of the stock. Tci Wealth reported 74,401 shares. The institutional investor held 23,506 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $410,000, down from 51,501 at the end of the previous reported quarter. Smithfield Communications has 0.56% invested in General Electric Company (NYSE:GE) for 264,476 shs. Drw Securities Ltd accumulated 5,088 shares. Lockheed Martin Investment Management accumulated 105,200 shs. Sii Wi invested 0.05% in CBS Corporation (NYSE:CBS). Regions reported 0.02% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Therefore 83% are positive. Comcast Corporation had 82 analyst reports since July 27, 2015 according to SRatingsIntel. (NYSE:COTY) on Wednesday, August 30 to "Sell" rating. Buckingham Research has "Buy" rating and $71 target. The stock of Triangle Capital Corporation (NYSE:TCAP) earned "Hold" rating by Keefe Bruyette & Woods on Wednesday, April 4. Stifel Nicolaus maintained the shares of GE in report on Thursday, February 15 with "Hold" rating. Cowen & Co maintained it with "Hold" rating and $3000 target in Monday, June 12 report. The stock has "Buy" rating by S&P Research on Wednesday, October 14. BlackRock Inc. now owns 517,315,514 shares of the conglomerate's stock valued at $13,972,691,000 after buying an additional 19,422,516 shares in the last quarter. Deutsche Bank downgraded it to "Sell" rating and $24 target in Friday, May 12 report. The stock rating was maintained by RBC Capital Markets with "Buy" on Monday, October 23. The stock has "Underweight" rating by Morgan Stanley on Monday, October 23. Segall Bryant & Hamill Ltd reported 0.14% of its portfolio in General Electric Company (NYSE:GE). It also reduced its holding in Magna Intl Inc (NYSE:MGA) by 62,842 shares in the quarter, leaving it with 13.56 million shares, and cut its stake in Cdn Natl Railway (NYSE:CNI). Moreover, Blume Capital Management Inc has 2.69% invested in General Electric Company (NYSE:GE). Therefore 50% are positive.

ILLEGAL ACTIVITY WARNING: "Goldman Sachs Reaffirms Neutral Rating for General Electric (GE)" was originally published by Week Herald and is the sole property of of Week Herald. The stock of General Electric Company (NYSE:GE) earned "Buy" rating by Argus Research on Wednesday, December 23. The firm earned "Buy" rating on Monday, November 13 by Langenberg. Finally, DZ Bank reiterated a "sell" rating on shares of General Electric in a report on Tuesday, April 3rd. (NYSE:COTY) has "Buy" rating given on Monday, October 3 by Bank of America. As per Friday, July 21, the company rating was downgraded by CFRA. (NYSE:SJI) on Tuesday, October 17 to "Buy" rating. The rating was maintained by JP Morgan on Tuesday, March 13 with "Underweight". The rating was downgraded by SunTrust on Wednesday, August 30 to "Hold".

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Investors sentiment decreased to 0.5 in 2017 Q4.

Teachers Insurance & Annuity Association of America continued to hold its position in shares of General Electric Company (NYSE:GE) during the third quarter, Holdings Channel reports. Kornitzer Management Ks holds 0.65% or 2.18 million shares in its portfolio. Gabelli Funds Ltd Liability Corp holds 1.82M shares. Provise Management Gru Limited Co accumulated 201,455 shares. Davenport & Lc, a Virginia-based fund reported 2.21M shs. 746,846 are held by Pennsylvania Tru. Prudential Fincl Incorporated owns 0.3% invested in General Electric Company (NYSE:GE) for 12.64 million shares. Capital Fund Mgmt Sa reported 684,792 shares. Funds hold 4.69 billion shares thus 0.29% less from 2017Q3's 4.70 billion shares. Roosevelt Invest Inc reported 73,520 shares.

Nli International Inc, which manages about $9.21B and $1.25B US Long portfolio, upped its stake in Wal (NYSE:WMT) by 99,460 shares to 192,835 shares, valued at $19.04 million in 2017Q4, according to the filing. Advisor Prtn Ltd Liability Co holds 81,517 shares. Also, the number of investment professionals holding LHC Group Inc in top ten stock positions increased from 0 to 2 for an increase of 2. They expect $0.12 EPS, down 42.86 % or $0.09 from last year's $0.21 per share.


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