Reliance Trust Co Of Delaware buys $20,371,784 stake in General Electric Company (GE)

General Electric Company (GE) : Reliance Trust Co Of Delaware scooped up 1,333 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 14, 2016. The investment management firm now holds a total of 705,150 shares of General Electric Company which is valued at $20,371,784.General Electric Company makes up approximately 1.87% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , Harwood Advisory Group boosted its stake in GE in the latest quarter, The investment management firm added 8,254 additional shares and now holds a total of 83,919 shares of General Electric Company which is valued at $2,424,420. General Electric Company makes up approx 1.91% of Harwood Advisory Group’s portfolio.Edge Wealth Management boosted its stake in GE in the latest quarter, The investment management firm added 2,471 additional shares and now holds a total of 211,337 shares of General Electric Company which is valued at $6,080,165. General Electric Company makes up approx 2.56% of Edge Wealth Management’s portfolio.Premier Asset Managment reduced its stake in GE by selling 3,125 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 95,270 shares of GE which is valued at $2,740,918. General Electric Company makes up approx 0.70% of Premier Asset Managment’s portfolio.Oliver Luxxe Assets boosted its stake in GE in the latest quarter, The investment management firm added 5,553 additional shares and now holds a total of 56,620 shares of General Electric Company which is valued at $1,646,510. General Electric Company makes up approx 1.30% of Oliver Luxxe Assets’s portfolio.Indiana Trust Investment Management Co reduced its stake in GE by selling 7,703 shares or 7.55% in the most recent quarter. The Hedge Fund company now holds 94,300 shares of GE which is valued at $2,781,850. General Electric Company makes up approx 1.46% of Indiana Trust Investment Management Co’s portfolio.

General Electric Company opened for trading at $28.96 and hit $29.03 on the upside on Friday, eventually ending the session at $28.89, with a gain of 0.42% or 0.12 points. The heightened volatility saw the trading volume jump to 2,81,81,380 shares. Company has a market cap of $258,890 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. Shares were Reiterated by UBS on Oct 14, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $37 .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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