Pacwest Financial Management Inc buys $2,657,804 stake in General Electric Company (GE)

General Electric Company (GE) : Pacwest Financial Management Inc scooped up 3,124 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 92,093 shares of General Electric Company which is valued at $2,657,804.General Electric Company makes up approximately 1.63% of Pacwest Financial Management Inc’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.Advisory Services Network boosted its stake in GE in the latest quarter, The investment management firm added 16,710 additional shares and now holds a total of 118,597 shares of General Electric Company which is valued at $3,448,801. General Electric Company makes up approx 0.66% of Advisory Services Network’s portfolio.R.h. Dinel Investment Counsel boosted its stake in GE in the latest quarter, The investment management firm added 19,425 additional shares and now holds a total of 85,500 shares of General Electric Company which is valued at $2,486,340. General Electric Company makes up approx 2.81% of R.h. Dinel Investment Counsel’s portfolio.Pure Financial Advisors boosted its stake in GE in the latest quarter, The investment management firm added 3,369 additional shares and now holds a total of 11,185 shares of General Electric Company which is valued at $325,260. General Electric Company makes up approx 0.11% of Pure Financial Advisors’s portfolio.Beacon Financial Group boosted its stake in GE in the latest quarter, The investment management firm added 32,792 additional shares and now holds a total of 373,228 shares of General Electric Company which is valued at $11,010,226. General Electric Company makes up approx 2.32% of Beacon Financial Group’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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