Apriem Advisors Lowered Its Stake in General Electric Co (GE) by $5.47 Million as Stock Value Declined

January 21, 2018 - By Clifton Ray

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Robeco Institutional Asset Bv owns 0.08% invested in General Electric Company (NYSE:GE) for 503,971 shares. Copeland Cap Mgmt Ltd has invested 0.06% of its portfolio in General Electric Company (NYSE:GE). Evanson Asset Mgmt Ltd has 25,052 shares for 0.13% of their portfolio. Alpine Woods Invsts Lc reported 77,216 shares. Headinvest Ltd Liability Corp has invested 0.27% in General Electric Company (NYSE:GE). Family Capital Tru Com accumulated 168,850 shares. Rfg Advisory Lc reported 11,860 shares. The Massachusetts-based S&Co Inc has invested 1.28% in General Electric Company (NYSE:GE). Buckhead Cap Lc stated it has 301,890 shares. 106,176 were accumulated by Longer Invests. New England Private Wealth Limited Liability Corporation holds 0.39% or 53,985 shares in its portfolio. Salem Investment Counselors reported 365,451 shares. Smithbridge Asset Mgmt De reported 36,668 shares or 0.62% of all its holdings. Putnam Invests Ltd Liability Company reported 3.58 million shares. Montecito Comml Bank And Tru holds 0.32% or 38,325 shares.

Since August 8, 2017, it had 2 buys, and 1 sale for $4.48 million activity. TISCH JAMES S also bought $2.46M worth of General Electric Company (NYSE:GE) on Tuesday, August 22. Comstock Elizabeth J also sold $633,375 worth of General Electric Company (NYSE:GE) shares.

Apriem Advisors decreased its stake in General Electric Co (GE) by 95.21% based on its latest 2017Q3 regulatory filing with the SEC. Apriem Advisors sold 227,956 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 11,463 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $277,000, down from 239,419 at the end of the previous reported quarter. Apriem Advisors who had been investing in General Electric Co for a number of months, seems to be less bullish one the $141.01 billion market cap company. The stock decreased 3.04% or $0.51 during the last trading session, reaching $16.26. About 214.95 million shares traded or 140.60% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 21, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Apriem Advisors, which manages about $424.33 million and $402.15M US Long portfolio, upped its stake in Schwab International (SCHF) by 182,249 shares to 1.40 million shares, valued at $46.78 million in 2017Q3, according to the filing.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric And Pandora’s Box” on January 20, 2018, also Bloomberg.com with their article: “GE Plunges Toward Worst Week Since Recession” published on January 19, 2018, Seekingalpha.com published: “Requiem Of A GE Bull” on January 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: Break It Up” published on January 19, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric Nearing Capitulation: Buy, Sell Or Hold?” with publication date: January 21, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company has $67 highest and $15.0 lowest target. $27.99’s average target is 72.14% above currents $16.26 stock price. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. S&P Research maintained General Electric Company (NYSE:GE) rating on Tuesday, October 20. S&P Research has “Buy” rating and $34 target. The stock has “Sell” rating by Deutsche Bank on Friday, May 12. The stock has “Market Perform” rating by Bernstein on Tuesday, July 26. The rating was maintained by S&P Research with “Buy” on Wednesday, October 14. The stock has “Market Perform” rating by Bernstein on Monday, April 4. The stock has “Buy” rating by Citigroup on Thursday, January 21. The firm has “Sell” rating by J.P. Morgan given on Monday, October 9. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, March 23. As per Thursday, December 28, the company rating was maintained by Tigress Financial. The firm has “Hold” rating by CFRA given on Friday, July 21.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.