Pioneer Trust Bank N A Decreased Holding in General Elec Co Com (GE) by $865,215 as Market Value Declined; As Goldman Sachs Group (GS) Valuation Declined, Shareholder Hartford Investment Management Co Has Cut Stake by $869,442

May 17, 2018 - By Ellis Scott

General Electric Company (NYSE:GE) Logo

Pioneer Trust Bank N A decreased its stake in General Elec Co Com (GE) by 52.45% based on its latest 2017Q4 regulatory filing with the SEC. Pioneer Trust Bank N A sold 50,895 shares as the company’s stock declined 23.20% with the market. The institutional investor held 46,136 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $805,000, down from 97,031 at the end of the previous reported quarter. Pioneer Trust Bank N A who had been investing in General Elec Co Com for a number of months, seems to be less bullish one the $130.54B market cap company. The stock increased 2.18% or $0.32 during the last trading session, reaching $15.03. About 54.62M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Hartford Investment Management Co decreased its stake in Goldman Sachs Group Inc (GS) by 4.42% based on its latest 2017Q4 regulatory filing with the SEC. Hartford Investment Management Co sold 3,423 shares as the company’s stock declined 4.52% with the market. The institutional investor held 74,080 shares of the finance company at the end of 2017Q4, valued at $18.87 million, down from 77,503 at the end of the previous reported quarter. Hartford Investment Management Co who had been investing in Goldman Sachs Group Inc for a number of months, seems to be less bullish one the $91.01 billion market cap company. The stock decreased 0.25% or $0.6 during the last trading session, reaching $240.96. About 1.97 million shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 9.66% since May 17, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on July, 17. They expect $4.67 earnings per share, up 18.23% or $0.72 from last year’s $3.95 per share. GS’s profit will be $1.76 billion for 12.90 P/E if the $4.67 EPS becomes a reality. After $6.95 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -32.81% negative EPS growth.

Since January 18, 2018, it had 0 buys, and 8 sales for $22.92 million activity. Shares for $5.77 million were sold by SOLOMON DAVID M on Monday, January 29. ROGERS JOHN F.W. sold $1.17 million worth of stock. $3.18 million worth of stock was sold by CHAVEZ R. MARTIN on Wednesday, January 31. Another trade for 17,500 shares valued at $4.40 million was made by VINIAR DAVID A on Thursday, January 18. SALAME PABLO J sold $2.70 million worth of stock or 10,000 shares.

Hartford Investment Management Co, which manages about $5.40B US Long portfolio, upped its stake in Eqt Corp (NYSE:EQT) by 12,836 shares to 49,919 shares, valued at $2.84 million in 2017Q4, according to the filing. It also increased its holding in Illumina Inc (NASDAQ:ILMN) by 2,158 shares in the quarter, for a total of 33,659 shares, and has risen its stake in Zimmer Biomet Holdings In (ZMH).

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Bizjournals.com which released: “Banking Roundup: JPMorgan keeps board… Apple credit card in the works… BofA on technology” on May 16, 2018, also Seekingalpha.com with their article: “Who Said Words Can’t Hurt?” published on April 19, 2018, Benzinga.com published: “Today In Cryptocurrency: Former Goldman Exec Rips Bitcoin, Fed Report Shows Futures Dented Crypto Valuations” on May 09, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Thestreet.com and their article: “Rumors on TheStreet: Goldman Sachs CEO Hints at a Sales Breakout” published on May 08, 2018 as well as 247Wallst.com‘s news article titled: “Why Goldman Sachs and Apple Will Launch a New Credit Card” with publication date: May 11, 2018.

Among 32 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 14 have Buy rating, 1 Sell and 17 Hold. Therefore 44% are positive. Goldman Sachs Group Inc. has $330.0 highest and $140 lowest target. $258.67’s average target is 7.35% above currents $240.96 stock price. Goldman Sachs Group Inc. had 109 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, February 16 report. The firm has “Sell” rating by Vertical Group given on Monday, November 6. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Buy” rating given on Tuesday, July 18 by Oppenheimer. The stock has “Neutral” rating by Buckingham Research on Wednesday, October 18. The firm has “Outperform” rating by Wells Fargo given on Thursday, August 10. The firm has “Market Perform” rating given on Wednesday, July 19 by Wood. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Buy” rating by Nomura on Monday, January 25. On Thursday, January 18 the stock rating was maintained by Barclays Capital with “Hold”. The rating was downgraded by Rafferty to “Hold” on Wednesday, April 19. Rafferty upgraded the stock to “Buy” rating in Monday, October 17 report.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.24, from 0.75 in 2017Q3. It is positive, as 60 investors sold GS shares while 371 reduced holdings. 106 funds opened positions while 322 raised stakes. 268.85 million shares or 1.06% less from 271.74 million shares in 2017Q3 were reported. Moreover, Invsts Asset Mgmt Of Georgia Ga Adv has 0.2% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 1,105 shares. Palladium Lc has 8,472 shares for 0.16% of their portfolio. Moreover, Farr Miller And Washington Lc Dc has 3.51% invested in The Goldman Sachs Group, Inc. (NYSE:GS). New Mexico Educational Retirement Board owns 34,539 shares for 0.33% of their portfolio. State Treasurer State Of Michigan has 0.21% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Moreover, Highvista Strategies Llc has 0.08% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Captrust Advsr invested in 1,223 shares or 0.02% of the stock. Exane Derivatives holds 159 shares. Alexandria Capital Limited Liability Corp holds 1.11% or 29,770 shares in its portfolio. South State Corporation accumulated 33,323 shares. Bridgecreek Mgmt Ltd Company accumulated 1.97% or 32,875 shares. Colony Grp Ltd Liability Corporation accumulated 0.14% or 9,057 shares. Whittier Trust Communications Of Nevada invested 0.34% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Financial Prtn Cap Mgmt Ltd Co reported 23,065 shares. Toronto Dominion Retail Bank stated it has 153,344 shares.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, 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. Buckhead Cap Mgmt Limited Liability Com holds 132,177 shares. Grace White Inc holds 0.08% or 23,581 shares in its portfolio. Dubuque National Bank And Trust invested in 0.13% or 48,816 shares. Tokio Marine Asset Mgmt Limited holds 56,265 shares. Fort Washington Inv Advsrs Oh invested in 0.73% or 4.19 million shares. Sarasin & Partners Limited Liability Partnership holds 24,735 shares. Trust Asset Management Lc reported 3,393 shares. Investors Asset Mgmt Of Georgia Ga Adv invested in 82,426 shares or 1.02% of the stock. Pinebridge Invests Limited Partnership stated it has 1.05M shares. D E Shaw accumulated 29.13 million shares or 0.7% of the stock. Cubic Asset Mgmt Lc invested in 223,991 shares or 1.09% of the stock. Foster Dykema Cabot And Company Incorporated Ma holds 0.16% in General Electric Company (NYSE:GE) or 55,186 shares. Hodges Management owns 0.04% invested in General Electric Company (NYSE:GE) for 34,009 shares. Yhb Inv Advsr Inc holds 0.21% or 70,546 shares. Mirae Asset Global Investments Company Ltd, a Korea-based fund reported 124,953 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric’s Big Payout” on May 15, 2018, also Seekingalpha.com with their article: “General Electric: Finally, It’s Over” published on April 23, 2018, Seekingalpha.com published: “GE Is No Bargain At $14” on May 02, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Benzinga.com and their article: “Analyst: Wabtec A Buy On Potential GE Synergies” published on April 23, 2018 as well as Investorplace.com‘s news article titled: “5 Top Stock Trades for Thursday Morning” with publication date: May 16, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 20.88 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

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 has $67 highest and $1100 lowest target. $24.91’s average target is 65.74% above currents $15.03 stock price. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, July 17, the company rating was maintained by Morgan Stanley. The stock has “Hold” rating by Standpoint Research on Thursday, June 29. The stock has “Sell” rating by J.P. Morgan on Monday, October 9. On Monday, April 24 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, January 23 by UBS. Bank of America downgraded the stock to “Neutral” rating in Wednesday, April 26 report. The stock has “Market Perform” rating by Bernstein on Tuesday, July 26. The company was initiated on Tuesday, June 7 by Cowen & Co. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, October 19. The firm earned “Underweight” rating on Wednesday, November 1 by JP Morgan.

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

General Electric Company (NYSE:GE) Institutional Positions Chart

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