Cme Group (CME) Valuation Declined While Underhill Investment Management Upped Its Holding; As General Electric Co (GE) Shares Declined, Maryland Capital Management Has Trimmed Holding by $10.58 Million

January 18, 2018 - By Vivian Currie

Underhill Investment Management Llc increased its stake in Cme Group Inc (CME) by 18.53% based on its latest 2017Q3 regulatory filing with the SEC. Underhill Investment Management Llc bought 13,200 shares as the company’s stock declined 4.72% while stock markets rallied. The institutional investor held 84,450 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $11.46 million, up from 71,250 at the end of the previous reported quarter. Underhill Investment Management Llc who had been investing in Cme Group Inc for a number of months, seems to be bullish on the $51.77 billion market cap company. The stock increased 0.45% or $0.68 during the last trading session, reaching $152.13. About 260,125 shares traded. CME Group Inc. (NASDAQ:CME) has risen 25.35% since January 18, 2017 and is uptrending. It has outperformed by 8.65% the S&P500.

Maryland Capital Management decreased its stake in General Electric Co (GE) by 72.28% based on its latest 2017Q3 regulatory filing with the SEC. Maryland Capital Management sold 440,987 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 169,127 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.09 million, down from 610,114 at the end of the previous reported quarter. Maryland Capital Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $149.72 billion market cap company. The stock decreased 0.49% or $0.0856 during the last trading session, reaching $17.2644. About 38.93 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since January 18, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity. $2.66 million worth of General Electric Company (NYSE:GE) was bought by Flannery John Leonard. $2.46 million worth of General Electric Company (NYSE:GE) shares were bought by TISCH JAMES S.

Maryland Capital Management, which manages about $795.96 million and $648.98 million US Long portfolio, upped its stake in Bank Of Americ 6.5 Pfd Pfd Se by 24,100 shares to 92,675 shares, valued at $2.50M in 2017Q3, according to the filing.

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Thursday, January 21 by Citigroup. The firm has “Underweight” rating given on Wednesday, November 1 by JP Morgan. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, October 19. Vetr downgraded General Electric Company (NYSE:GE) rating on Tuesday, September 22. Vetr has “Hold” rating and $25.84 target. The stock of General Electric Company (NYSE:GE) earned “Equal-Weight” rating by Morgan Stanley on Thursday, October 6. The firm has “Hold” rating by Oppenheimer given on Monday, July 24. Stifel Nicolaus maintained it with “Buy” rating and $3300 target in Tuesday, June 13 report. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, July 25 report. The firm has “Sell” rating given on Monday, October 30 by Deutsche Bank. The stock has “Sell” rating by Deutsche Bank on Tuesday, November 21.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 EPS, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51B for 14.88 P/E if the $0.29 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dived, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Cibc Markets Corp holds 0.35% of its portfolio in General Electric Company (NYSE:GE) for 1.51 million shares. Cohen Klingenstein Ltd reported 0.57% stake. Capital Va reported 15,138 shares. Sumitomo Mitsui Asset Management has invested 0.29% in General Electric Company (NYSE:GE). Horrell Mgmt Inc has invested 0.04% in General Electric Company (NYSE:GE). America First Investment Advsr Lc owns 20,365 shares or 0.18% of their US portfolio. Estabrook Capital Mngmt reported 790,699 shares. Diamond Hill Capital Management invested 0% of its portfolio in General Electric Company (NYSE:GE). Gemmer Asset Limited Liability Corp reported 16,158 shares. Winslow Asset Mngmt has 1.36% invested in General Electric Company (NYSE:GE). Osborne Prtnrs Limited Co holds 1.48% or 448,100 shares in its portfolio. Strategic Wealth Advsr Ltd Co invested in 0.03% or 7,742 shares. Mcmillion Capital stated it has 1.75% in General Electric Company (NYSE:GE). Smithfield Trust owns 257,594 shares. 185,793 are held by Pineno Levin Ford Asset.

Among 15 analysts covering CME Group (NASDAQ:CME), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. CME Group had 51 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Thursday, July 14 by CLSA. Deutsche Bank maintained the shares of CME in report on Tuesday, January 26 with “Buy” rating. The rating was maintained by RBC Capital Markets on Monday, February 8 with “Underperform”. The firm has “Buy” rating given on Monday, July 17 by Jefferies. Deutsche Bank maintained it with “Buy” rating and $116 target in Wednesday, October 5 report. The firm earned “Buy” rating on Tuesday, August 22 by Jefferies. Keefe Bruyette & Woods maintained CME Group Inc. (NASDAQ:CME) on Thursday, December 21 with “Hold” rating. Jefferies maintained the stock with “Buy” rating in Tuesday, January 16 report. The stock of CME Group Inc. (NASDAQ:CME) has “Buy” rating given on Wednesday, September 6 by UBS. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, October 10 report.

Since August 2, 2017, it had 0 insider purchases, and 12 insider sales for $7.73 million activity. On Thursday, October 5 the insider Piell Hilda Harris sold $186,300. Pietrowicz John W. had sold 7,500 shares worth $1.14 million. 750 shares were sold by Suskind Dennis, worth $97,005. GEPSMAN MARTIN J had sold 200 shares worth $25,228. 9,200 shares were sold by Durkin Bryan T, worth $1.15 million. DUFFY TERRENCE A sold $2.70M worth of CME Group Inc. (NASDAQ:CME) on Wednesday, August 2.

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