Mizuho Securities Usa Has Lowered General Electric Co (GE) Holding By $662,625; Hallmark Financial Services Has 1.29 Sentiment

June 20, 2017 - By Adrian Mccoy

Mizuho Securities Usa Inc decreased General Electric Co (GE) stake by 69.37% reported in 2016Q4 SEC filing. Mizuho Securities Usa Inc sold 21,375 shares as General Electric Co (GE)’s stock declined 7.64%. The Mizuho Securities Usa Inc holds 9,439 shares with $298,000 value, down from 30,814 last quarter. General Electric Co now has $248.37B valuation. The stock declined 0.31% or $0.09 reaching $28.71 per share. About 7,913 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since June 20, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Hallmark Financial Services, Inc. is an insurance holding company. The company has market cap of $214.82 million. The Firm markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. It has a 33.7 P/E ratio. The Company’s business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

Mizuho Securities Usa Inc increased Starwood Ppty Tr Inc stake by 2.14 million shares to 8.13M valued at $8.83 million in 2016Q4. It also upped Johnson & Johnson (NYSE:JNJ) stake by 119,225 shares and now owns 150,039 shares. 3 (NYSE:DDD) was raised too.

Since January 23, 2017, it had 5 insider purchases, and 1 insider sale for $1.20 million activity. The insider Bornstein Jeffrey S bought $148,150. Shares for $2.81 million were bought by IMMELT JEFFREY R on Monday, May 15. 16,000 shares were bought by Beattie William G, worth $448,800. $4.72 million worth of General Electric Company (NYSE:GE) was sold by Joyce David Leon on Friday, February 3. DIMITRIEF ALEXANDER had bought 231 shares worth $7,046 on Monday, January 23.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 21 before the open. They expect $0.26 EPS, down 49.02% or $0.25 from last year’s $0.51 per share. GE’s profit will be $2.25B for 27.61 P/E if the $0.26 EPS becomes a reality. After $0.21 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 23.81% EPS growth.

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.07, from 0.89 in 2016Q3. It worsened, as 68 investors sold GE shares while 818 reduced holdings. 116 funds opened positions while 609 raised stakes. 4.64 billion shares or 0.15% more from 4.63 billion shares in 2016Q3 were reported. Gotham Asset Management Ltd Liability holds 0.11% of its portfolio in General Electric Company (NYSE:GE) for 281,507 shares. Autus Asset Ltd Liability Company accumulated 23,854 shares. South Texas Money accumulated 1.69 million shares. American Trust Limited Liability Corporation, a New Hampshire-based fund reported 8,190 shares. Schwerin Boyle Mngmt holds 3.82% of its portfolio in General Electric Company (NYSE:GE) for 976,647 shares. Valley National Advisers Inc holds 2.79% in General Electric Company (NYSE:GE) or 191,869 shares. First Utd Retail Bank Trust owns 60,555 shares for 1.44% of their portfolio. Diamond Hill Cap reported 11,730 shares stake. Jefferies Gp Ltd Company reported 0.01% of its portfolio in General Electric Company (NYSE:GE). Vestor Capital Ltd Liability Corp holds 1.91% in General Electric Company (NYSE:GE) or 228,071 shares. Levin Capital Strategies Limited Partnership holds 0.53% or 969,696 shares in its portfolio. Ahl Prtnrs Ltd Liability Partnership reported 212,147 shares stake. Mirae Asset Glob Investments Ltd holds 586,803 shares. Crestpoint Cap Mngmt Ltd Liability Corporation has invested 0.25% in General Electric Company (NYSE:GE). Evanson Asset Mgmt Limited Co owns 36,562 shares.

Among 21 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 7 Hold. Therefore 52% are positive. General Electric Company had 41 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 25 report. The company was maintained on Monday, October 19 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, March 23 by BMO Capital Markets. Bank of America downgraded General Electric Company (NYSE:GE) on Wednesday, April 26 to “Neutral” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, October 19 report. Vetr upgraded the shares of GE in report on Wednesday, August 26 to “Buy” rating. The stock of General Electric Company (NYSE:GE) earned “Focus List” rating by Credit Suisse on Wednesday, September 16. Bernstein downgraded General Electric Company (NYSE:GE) on Monday, April 4 to “Market Perform” rating. The firm earned “Outperform” rating on Tuesday, October 13 by William Blair. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Wednesday, October 14. Stifel Nicolaus has “Buy” rating and $39.0 target.

It closed at $11.46 lastly. It is down 0.69% since June 20, 2016 and is uptrending. It has underperformed by 16.01% the S&P500.

Cove Street Capital Llc holds 2.52% of its portfolio in Hallmark Financial Services, Inc. for 2.08 million shares. Centaur Capital Partners L.P. owns 77,500 shares or 1.94% of their US portfolio. Moreover, Staley Capital Advisers Inc has 1% invested in the company for 900,000 shares. The New York-based Fenimore Asset Management Inc has invested 0.33% in the stock. Teton Advisors Inc., a New York-based fund reported 183,860 shares.

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