Royal London Asset Management Ltd Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Royal London Asset Management Ltd reduced its stake in General Electric Company by 6.53% during the most recent quarter end. The investment management company now holds a total of 3,140,313 shares of General Electric Company which is valued at $97,757,944 after selling 219,395 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.General Electric Company makes up approximately 1.55% of Royal London Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Oxbow Advisors reduced its stake in GE by selling 627 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 71,310 shares of GE which is valued at $2,219,880. General Electric Company makes up approx 0.31% of Oxbow Advisors’s portfolio.Waverton Investment Management Ltd reduced its stake in GE by selling 3,718 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 1,935,617 shares of GE which is valued at $60,275,113. General Electric Company makes up approx 4.40% of Waverton Investment Management Ltd’s portfolio.Eagle Asset Management Inc reduced its stake in GE by selling 561 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 208,356 shares of GE which is valued at $6,829,910. General Electric Company makes up approx 0.05% of Eagle Asset Management Inc’s portfolio.Capital One National Association boosted its stake in GE in the latest quarter, The investment management firm added 4,107 additional shares and now holds a total of 331,682 shares of General Electric Company which is valued at $10,872,536. General Electric Company makes up approx 0.87% of Capital One National Association’s portfolio.Campbell Newman Asset Management Inc boosted its stake in GE in the latest quarter, The investment management firm added 67,711 additional shares and now holds a total of 116,309 shares of General Electric Company which is valued at $3,763,759. General Electric Company makes up approx 0.67% of Campbell Newman Asset Management Inc’s portfolio.

General Electric Company closed down -0.01 points or -0.03% at $31.27 with 2,04,34,126 shares getting traded on Monday. Post opening the session at $31.3, the shares hit an intraday low of $31.21 and an intraday high of $31.395 and the price fluctuated in this range throughout the day.Shares ended Monday 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.Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016.

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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