First City Capital Management Has Trimmed Holding in General Electric Co (GE) by $322,116; Bgc Partners (BGCP) Shareholder Lazard Asset Management Has Lifted Holding

May 27, 2018 - By reb123z

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Lazard Asset Management Llc increased its stake in Bgc Partners (BGCP) by 14.47% based on its latest 2017Q4 regulatory filing with the SEC. Lazard Asset Management Llc bought 158,680 shares as the company’s stock declined 12.13% with the market. The institutional investor held 1.26M shares of the finance company at the end of 2017Q4, valued at $18.97M, up from 1.10 million at the end of the previous reported quarter. Lazard Asset Management Llc who had been investing in Bgc Partners for a number of months, seems to be bullish on the $4.38B market cap company. The stock decreased 0.67% or $0.08 during the last trading session, reaching $11.83. About 1.11 million shares traded. BGC Partners, Inc. (NASDAQ:BGCP) has risen 22.29% since May 27, 2017 and is uptrending. It has outperformed by 10.74% the S&P500.

First City Capital Management Inc decreased its stake in General Electric Co (GE) by 16.52% based on its latest 2017Q4 regulatory filing with the SEC. First City Capital Management Inc sold 18,948 shares as the company’s stock declined 23.20% with the market. The institutional investor held 95,763 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.67M, down from 114,711 at the end of the previous reported quarter. First City Capital Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.07B market cap company. The stock increased 0.21% or $0.03 during the last trading session, reaching $14.63. About 49.70M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 27, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by S&P Research given on Monday, August 17. Deutsche Bank downgraded it to “Sell” rating and $24 target in Friday, May 12 report. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, October 24 report. Oppenheimer maintained General Electric Company (NYSE:GE) on Monday, July 24 with “Hold” rating. Stifel Nicolaus maintained the shares of GE in report on Tuesday, June 13 with “Buy” rating. The company was upgraded on Tuesday, July 21 by TheStreet. The firm has “Underweight” rating by JP Morgan given on Tuesday, March 13. The firm has “Hold” rating by Tigress Financial given on Thursday, January 4. On Tuesday, July 26 the stock rating was maintained by Bernstein with “Market Perform”. The firm earned “Hold” rating on Tuesday, January 16 by Vertical Research.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: Exhaustion In A Corporate Restructuring” on May 21, 2018, also Seekingalpha.com with their article: “GE’s Share Slide – A Buying Opportunity” published on May 24, 2018, Seekingalpha.com published: “Wabtec and GE Transportation to merge” on May 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Baker Hughes General Electric Is Up Over 30% Since The February Low – Is GE Getting The Message?” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric: Selling Low?” with publication date: May 17, 2018.

Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It fall, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Baldwin Brothers Ma has invested 0.14% in General Electric Company (NYSE:GE). Kanawha Cap Management Limited Liability Co stated it has 313,780 shares or 0.8% of all its holdings. First Allied Advisory Svcs invested in 0.19% or 269,327 shares. Panagora Asset Mngmt holds 0.12% in General Electric Company (NYSE:GE) or 1.76M shares. Blume Mgmt holds 2.69% or 300,836 shares. The Connecticut-based Wright Invsts Serv Incorporated has invested 0.25% in General Electric Company (NYSE:GE). Wealth Architects Limited Liability Company holds 0.18% or 31,102 shares in its portfolio. 23,134 are held by Balyasny Asset Mngmt Ltd Liability Com. Bahl Gaynor holds 0.07% or 390,825 shares in its portfolio. Teachers Retirement Of The State Of Kentucky reported 949,565 shares stake. Davis R M Incorporated invested in 99,546 shares. Moreover, Nadler Financial Grp Inc has 0.14% invested in General Electric Company (NYSE:GE). Moreno Evelyn V reported 26,774 shares or 0.14% of all its holdings. Counsel Ltd Liability has invested 0.02% of its portfolio in General Electric Company (NYSE:GE). Denver Advsrs Ltd Llc holds 0.3% of its portfolio in General Electric Company (NYSE:GE) for 346,392 shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 20.32 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Lazard Asset Management Llc, which manages about $52.81B US Long portfolio, decreased its stake in Cola Europ by 23,012 shares to 334,045 shares, valued at $13.31 million in 2017Q4, according to the filing. It also reduced its holding in Ps Oil/Gas Svcs (PXJ) by 221,825 shares in the quarter, leaving it with 146,115 shares, and cut its stake in Nuva 2.25 3/21 (Prn).

General Electric Company (NYSE:GE) Institutional Positions Chart

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