General Electric Co (GE) Shares Declined While Hengehold Capital Management Trimmed Holding; Alleghany Has Lowered Its Visa (V) Stake as Stock Value Rose

May 24, 2018 - By Stephen Andrade

General Electric Company (NYSE:GE) Logo

Hengehold Capital Management Llc decreased its stake in General Electric Co (GE) by 73.69% based on its latest 2017Q4 regulatory filing with the SEC. Hengehold Capital Management Llc sold 76,427 shares as the company’s stock declined 23.20% with the market. The institutional investor held 27,292 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $476,000, down from 103,719 at the end of the previous reported quarter. Hengehold Capital Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $125.81 billion market cap company. The stock increased 2.15% or $0.305 during the last trading session, reaching $14.485. About 81.10M shares traded or 11.71% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Alleghany Corp decreased its stake in Visa Inc (V) by 0.2% based on its latest 2017Q4 regulatory filing with the SEC. Alleghany Corp sold 4,709 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 2.36 million shares of the business services company at the end of 2017Q4, valued at $268.55 million, down from 2.36M at the end of the previous reported quarter. Alleghany Corp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $294.56 billion market cap company. The stock decreased 0.28% or $0.37 during the last trading session, reaching $131.51. About 3.77M shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 24, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

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

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 “Sell” rating by Standpoint Research given on Friday, July 22. On Thursday, May 12 the stock rating was initiated by JP Morgan with “Underweight”. The rating was maintained by Morgan Stanley on Monday, October 2 with “Equal-Weight”. Bernstein upgraded General Electric Company (NYSE:GE) on Friday, December 16 to “Outperform” rating. The stock has “Sell” rating by J.P. Morgan on Thursday, March 29. The firm earned “Sell” rating on Monday, October 9 by J.P. Morgan. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by RBC Capital Markets on Monday, October 23. UBS maintained the shares of GE in report on Friday, October 14 with “Buy” rating. Cowen & Co maintained the stock with “Hold” rating in Monday, August 7 report. Deutsche Bank maintained General Electric Company (NYSE:GE) on Monday, September 11 with “Sell” rating.

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 20.12 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.

More notable recent General Electric Company (NYSE:GE) news were published by: Bizjournals.com which released: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” on May 21, 2018, also Investorplace.com with their article: “Thursday’s Vital Data: General Electric Company (GE), Netflix, Inc. (NFLX) and JD.com Inc(ADR) (JD)” published on May 24, 2018, Finance.Yahoo.com published: “Tuesday’s Vital Data: General Electric Company (GE), Micron Technology, Inc. (MU) and Chesapeake Energy …” on May 22, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE’s Share Slide – A Buying Opportunity” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Exhaustion In A Corporate Restructuring” with publication date: May 21, 2018.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, 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. Kingfisher Limited Co holds 0.29% or 25,906 shares in its portfolio. Newman Dignan & Sheerar Incorporated stated it has 0.73% of its portfolio in General Electric Company (NYSE:GE). Hartford Financial Management holds 0.58% or 67,400 shares in its portfolio. Allen Inv Management Ltd Llc owns 83,851 shares for 0.07% of their portfolio. Cape Cod Five Cents Natl Bank owns 0.67% invested in General Electric Company (NYSE:GE) for 256,033 shares. Pennsylvania-based Wheatland Advsr has invested 1.82% in General Electric Company (NYSE:GE). The Virginia-based Flippin Bruce Porter Inc has invested 1.82% in General Electric Company (NYSE:GE). Moreover, Haverford Tru has 0.04% invested in General Electric Company (NYSE:GE). 68,879 were accumulated by Granite Invest Partners Lc. Greenwood Gearhart Incorporated holds 1.7% in General Electric Company (NYSE:GE) or 306,030 shares. Great West Life Assurance Can has 0.31% invested in General Electric Company (NYSE:GE). Southeast Asset Advisors Inc reported 0.06% of its portfolio in General Electric Company (NYSE:GE). Moreover, Arrowgrass Capital Prtn (Us) LP has 0.12% invested in General Electric Company (NYSE:GE) for 687,532 shares. Fiduciary Financial Services Of The Southwest Tx holds 0.6% or 116,601 shares in its portfolio. Hardman Johnston Global Advsr Limited Liability Com has invested 0.62% in General Electric Company (NYSE:GE).

Hengehold Capital Management Llc, which manages about $470.50M and $380.42 million US Long portfolio, upped its stake in Wisdomtree Tr (DES) by 11,491 shares to 27,167 shares, valued at $789,000 in 2017Q4, according to the filing.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 131 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Wednesday, September 6 report. Jefferies maintained the shares of V in report on Friday, June 23 with “Buy” rating. As per Thursday, October 26, the company rating was maintained by Nomura. UBS maintained it with “Buy” rating and $11200 target in Friday, July 21 report. The stock has “Buy” rating by Oppenheimer on Thursday, February 1. The stock of Visa Inc. (NYSE:V) earned “Hold” rating by Vetr on Tuesday, September 1. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Loop Capital on Wednesday, February 15. Oppenheimer maintained Visa Inc. (NYSE:V) on Friday, June 23 with “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, December 13. The firm earned “Buy” rating on Monday, January 29 by Susquehanna.

More recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa makes strategic investment in Yellowpepper” on May 24, 2018. Also 247Wallst.com published the news titled: “Can Visa Deliver Another Earnings Beat?” on April 25, 2018. Seekingalpha.com‘s news article titled: “Is It Too Late To Buy Visa Stock?” with publication date: May 17, 2018 was also an interesting one.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.10 earnings per share, up 27.91% or $0.24 from last year’s $0.86 per share. V’s profit will be $2.46 billion for 29.89 P/E if the $1.10 EPS becomes a reality. After $1.11 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

Since December 13, 2017, it had 0 insider purchases, and 5 sales for $12.69 million activity. Biggar Lynne also sold $205,440 worth of Visa Inc. (NYSE:V) shares. 38,500 shares were sold by MCINERNEY RYAN, worth $5.06 million on Thursday, May 10. The insider HOFFMEISTER JAMES H sold $1.08M. Shares for $707,561 were sold by MATSCHULLAT ROBERT W on Wednesday, December 13.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.05, from 1 in 2017Q3. It increased, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Moreover, First Bancorporation Of Mount Dora Tru Investment Svcs has 2.43% invested in Visa Inc. (NYSE:V). Ativo Capital Mgmt Lc, a Illinois-based fund reported 14,351 shares. Smith Moore & accumulated 7,340 shares or 0.23% of the stock. 406,329 were accumulated by Susquehanna Int Group Incorporated Limited Liability Partnership. Roosevelt Inv Gp has invested 1.04% in Visa Inc. (NYSE:V). Bsw Wealth Partners has 0.09% invested in Visa Inc. (NYSE:V). Ubs Asset Americas has 0.88% invested in Visa Inc. (NYSE:V) for 9.15 million shares. Earnest Partners has invested 0% in Visa Inc. (NYSE:V). Atalanta Sosnoff Limited Liability Corporation has invested 2.18% in Visa Inc. (NYSE:V). Jpmorgan Chase & invested in 25.21 million shares. Criterion Cap Mngmt Limited Liability, a California-based fund reported 161,749 shares. Harris Assoc Lp invested in 1.14% or 6.10 million shares. 280,852 were reported by Tocqueville Asset Mngmt Ltd Partnership. Hyman Charles D stated it has 10,347 shares or 0.14% of all its holdings. 76,664 were reported by Stoneridge Ptnrs Ltd Company.

Visa Inc. (NYSE:V) Institutional Positions Chart

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