Signature Estate & Investment Advisors LLC Increased General Electric Co (NYSE:GE) by $11.50 Million as Shares Rose


Signature Estate & Investment Advisors Llc increased its stake in General Electric Co (NYSE:GE) by 2855.42% based on its latest 2016Q2 regulatory filing with the SEC. Signature Estate & Investment Advisors Llc bought 371,005 shares as the company’s stock rose 3.52% with the market. The institutional investor held 383,998 shares of the consumer electronics and appliances company at the end of 2016Q2, valued at $12.21 million, up from 12,993 at the end of the previous reported quarter. Signature Estate & Investment Advisors Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $272.59 billion market cap company. The stock is down 1.48% or $0.45 hitting $30.04, despite the positive news. About 7.36M shares traded hands. General Electric Company (NYSE:GE) has risen 8.24% since February 8, 2016 and is uptrending. It has underperformed by 8.25% the S&P500.

Signature Estate & Investment Advisors Llc, which manages about $610.10 million US Long portfolio, decreased its stake in Dbx Etf Tr (DBJP) by 175,952 shares to 38,801 shares, valued at $1.30 million in 2016Q2, according to the filing. It also reduced its holding in Cbre Group Inc (NYSE:CBG) by 339,982 shares in the quarter, leaving it with 9,505 shares, and cut its stake in Costco Whsl Corp New (NASDAQ:COST).

The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.10, from 0.92 in 2016Q1. The ratio worsened, as 70 funds sold all GE shares owned while 836 reduced positions. 80 funds bought stakes while 660 increased positions. They now own 4.91 billion shares or 3.51% less from 5.09 billion shares in 2016Q1.

Hoertkorn Richard Charles holds 7.51% of its portfolio in GE for 299,027 shares. Saybrook Capital Nc owns 357,670 shares or 7.28% of their US portfolio. Moreover, General Electric Co has 6.96% invested in the company for 42.47 million shares. The Maryland-based Park Circle Co has invested 6.72% in the stock. Nichols & Pratt Advisers Llp Ma, a Massachusetts-based fund reported 2.29 million shares.

Out of 15 analysts covering General Electric Company (NYSE:GE), 8 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 53% are positive. General Electric Company has been the topic of 23 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Bernstein maintained the stock on July 26 with “Market Perform” rating.

General Electric Company is a global digital industrial company. The company has a market cap of $272.59 billion. The Company’s services and products range from aircraft engines, power generation and gas and oil production equipment to medical imaging, financing and industrial products. It has a 28.38 P/E ratio.

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