Beacon Financial Group buys $11,010,226 stake in General Electric Company (GE)

General Electric Company (GE) : Beacon Financial Group scooped up 32,792 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 3, 2016. The investment management firm now holds a total of 373,228 shares of General Electric Company which is valued at $11,010,226.General Electric Company makes up approximately 2.32% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including , Lvm Capital Management Ltdmi reduced its stake in GE by selling 5,376 shares or 17.26% in the most recent quarter. The Hedge Fund company now holds 25,768 shares of GE which is valued at $760,156. General Electric Company makes up approx 0.24% of Lvm Capital Management Ltdmi’s portfolio.

General Electric Company closed down -0.14 points or -0.47% at $29.5 with 3,11,27,714 shares getting traded on Tuesday. Post opening the session at $29.71, the shares hit an intraday low of $29.45 and an intraday high of $29.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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