General Electric Company (NYSE:GE).
Thomaspartners, Inc. says it raised its ownership in General Electric Company shares by 1,646,290 shares as of the end of the last quarter. Its position was valued at $192,954,000 an increase of $21,891,000 according to the filing.
The following firms have recently changed their position in GE. As of quarter end Tredje Ap-fonden had bought 174,173 shares growing its position 20.2%. The value of the investment in GE increased from $23,532,000 to $25,342,000 a change of $1,810,000 for the reporting period. Baird Financial Group, Inc. reduced its ownership by shedding 1,078,412 shares a decrease of 19.2% as of 09/30/2017. Baird Financial Group, Inc. now holds 4,540,813 shares with a value of $109,797,000. The total value of its holdings decreased 27.7%.
As of the end of the quarter Thornburg Investment Management Inc had acquired a total of 5,099,442 shares growing its stake by 217.0%. The value of the investment in (GE) went from $63,483,000 to $180,136,000 a change of 183.8% since the last quarter.
J P Morgan Chase & Co updated guidance on GE with a rating of “Sell” and price target of $17.00. On November 8 Cowen and Company maintained a company rating of “Hold” projecting a price of $19.00.
Equity analyst Goldman Sachs Group, Inc. (The) updated its forecast on GE stating a rating of “Neutral” and establishing a price target of $22.00. Equity analyst J P Morgan Chase & Co lowered the price target on November 1 changing the price objective from $19.00 to $17.00 and issued a “Underweight” recommendation.
In the market the company is trading up by 1.48% since yesterday’s close of 17.9. The company’s P/E ratio is 21.17 and market capitalization is 157.53B. As of the last earnings report the EPS was $0.86 with 8.67B shares presently outstanding.
Traders are feeling more bullish on shares of the company lately at least if you consider the motion in short interest. The firm had a fall in short interest between October 13, 2017 and October 31, 2017 of -15.12%. Short interest fell 18,071,299 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares was 0.01% on October 31.