Acadian Asset Management Has Lifted Its General Electric Co (GE) Holding; Webster Bank Has Decreased Bp Plc (BP) Stake By $3.00 Million

July 17, 2017 - By Kurt Siggers

Acadian Asset Management Llc increased General Electric Co (GE) stake by 35.37% reported in 2016Q4 SEC filing. Acadian Asset Management Llc acquired 2.78M shares as General Electric Co (GE)’s stock declined 7.64%. The Acadian Asset Management Llc holds 10.65 million shares with $336.69 million value, up from 7.87M last quarter. General Electric Co now has $232.47 billion valuation. The stock decreased 0.04% or $0.01 during the last trading session, reaching $26.78. About 403 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since July 17, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Webster Bank decreased Bp Plc (BP) stake by 74.61% reported in 2016Q4 SEC filing. Webster Bank sold 81,000 shares as Bp Plc (BP)’s stock rose 10.53%. The Webster Bank holds 27,561 shares with $1.03M value, down from 108,561 last quarter. Bp Plc now has $114.42 billion valuation. The stock increased 0.66% or $0.23 during the last trading session, reaching $34.95. About 2,950 shares traded. BP plc (ADR) (NYSE:BP) has risen 15.51% since July 17, 2016 and is uptrending. It has underperformed by 1.19% the S&P500.

Analysts await BP plc (ADR) (NYSE:BP) to report earnings on August, 1 before the open. They expect $0.69 EPS, up 200.00% or $0.46 from last year’s $0.23 per share. BP’s profit will be $2.26B for 12.66 P/E if the $0.69 EPS becomes a reality. After $0.46 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Among 27 analysts covering BP (NYSE:BP), 18 have Buy rating, 2 Sell and 7 Hold. Therefore 67% are positive. BP had 42 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Underperform” rating given on Friday, September 4 by Bank of America. As per Monday, September 28, the company rating was initiated by BMO Capital Markets. The stock of BP plc (ADR) (NYSE:BP) has “Neutral” rating given on Wednesday, April 19 by Citigroup. The rating was maintained by J.P. Morgan on Monday, June 12 with “Buy”. The rating was upgraded by Independent Research on Thursday, December 1 to “Buy”. The stock of BP plc (ADR) (NYSE:BP) earned “Buy” rating by Evercore on Tuesday, November 3. The stock of BP plc (ADR) (NYSE:BP) has “Buy” rating given on Monday, January 18 by Societe Generale. The stock of BP plc (ADR) (NYSE:BP) earned “Hold” rating by Jefferies on Friday, September 11. Liberum Capital upgraded the shares of BP in report on Tuesday, September 15 to “Buy” rating. The stock of BP plc (ADR) (NYSE:BP) has “Outperform” rating given on Tuesday, October 11 by BNP Paribas.

Webster Bank increased Vanguard Etf/Usa (VOO) stake by 8,650 shares to 120,712 valued at $24.78M in 2016Q4. It also upped Blackrock Fund Advisors (IWM) stake by 2,307 shares and now owns 17,417 shares. Blackrock Fund Advisors (IWD) was raised too.

Among 22 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. General Electric Company had 49 analyst reports since July 21, 2015 according to SRatingsIntel. S&P Research maintained the shares of GE in report on Wednesday, October 14 with “Buy” rating. The stock of General Electric Company (NYSE:GE) has “Market Perform” rating given on Monday, April 4 by Bernstein. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Oppenheimer on Monday, June 12. S&P Research maintained the stock with “Buy” rating in Monday, August 17 report. As per Monday, October 19, the company rating was maintained by Stifel Nicolaus. The rating was downgraded by TheStreet on Wednesday, August 26 to “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $34 target in Monday, November 30 report. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, October 14. The firm has “Outperform” rating given on Monday, November 23 by Credit Suisse. Vetr upgraded General Electric Company (NYSE:GE) on Wednesday, August 26 to “Buy” rating.

Since January 23, 2017, it had 5 insider buys, and 1 insider sale for $1.20 million activity. Shares for $110,800 were bought by Beattie William G on Wednesday, May 17. $148,150 worth of stock was bought by Bornstein Jeffrey S on Tuesday, January 31. The insider IMMELT JEFFREY R bought 100,000 shares worth $2.81 million. DIMITRIEF ALEXANDER bought 231 shares worth $7,046. Joyce David Leon also sold $4.72M worth of General Electric Company (NYSE:GE) shares.

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