Franklin Street Advisors Cut Its First Citizens Bancshares Nc C (FCNCA) Holding as Market Valuation Rose; As General Electric Company (GE) Shares Declined, Roffman Miller Associates Has Lowered Holding

June 12, 2018 - By Michael Collier

General Electric Company (NYSE:GE) Logo

Roffman Miller Associates Inc decreased its stake in General Electric Company (GE) by 47.26% based on its latest 2018Q1 regulatory filing with the SEC. Roffman Miller Associates Inc sold 136,338 shares as the company’s stock declined 0.14% with the market. The institutional investor held 152,123 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $2.05M, down from 288,461 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in General Electric Company for a number of months, seems to be less bullish one the $121.86 billion market cap company. The stock increased 0.36% or $0.05 during the last trading session, reaching $14.03. About 18.40M shares traded. General Electric Company (NYSE:GE) has declined 46.78% since June 12, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 09/03/2018 – ganadineroamerica: Exclusive: GE explores divesting electrical engineering business – sources (Reuters) – General Electric Co; 04/05/2018 – British Airways Pensions Exits GE, Doubles Down on 3M — Barrons.com; 02/04/2018 – Don Seiffert: BREAKING from @BOSBIZJess: $GE sells off part of health care division for $1B; 04/05/2018 – Doc re. GE Files Form S-8; 16/04/2018 – GENERAL ELECTRIC CO – DEAL VALUED AT MORE THAN $300 MILLION; 10/04/2018 – Abaco Announces Cooling Breakthrough to Deliver Maximum Performance at High Temperatures; 08/03/2018 – TARGET – STOCKTON PREVIOUSLY WORKED AT GE; 20/04/2018 – Southwest challenged engine maker over speed of safety checks; 20/04/2018 – GENERAL ELECTRIC – EXPECTS PROCEEDS OF $5 BLN – $10 BLN DURING 2018 FROM INDUSTRIAL DISPOSITIONS; 24/04/2018 – GE RENEWABLE ENERGY, ORE CATAPULT SIGN FIVE-YEAR R&D AGREEMENT TO ADVANCE OFFSHORE WIND TECHNOLOGIES IN THE UK

Franklin Street Advisors Inc decreased its stake in First Citizens Bancshares Nc C (FCNCA) by 25.55% based on its latest 2018Q1 regulatory filing with the SEC. Franklin Street Advisors Inc sold 890 shares as the company’s stock rose 3.07% while stock markets declined. The hedge fund held 2,593 shares of the finance company at the end of 2018Q1, valued at $1.07 million, down from 3,483 at the end of the previous reported quarter. Franklin Street Advisors Inc who had been investing in First Citizens Bancshares Nc C for a number of months, seems to be less bullish one the $5.12B market cap company. The stock decreased 1.17% or $5.14 during the last trading session, reaching $432.44. About 20,967 shares traded. First Citizens BancShares, Inc. (NASDAQ:FCNCA) has risen 31.85% since June 12, 2017 and is uptrending. It has outperformed by 19.28% the S&P500. Some Historical FCNCA News: 25/04/2018 – FIRST CITIZENS 1Q EPS $8.35; 16/05/2018 – KS BANCORP BUYS BACK ALL KS SHRS OWNED BY FIRST CITIZENS; 19/04/2018 – Unity Fl Solutions Gets Smart With First Citizens Bank; 02/05/2018 – Fourth Annual First Citizens Bank Small Business Forecast Shows U.S. Small Business Owners Positive About 2018, Less Certain Ab; 16/05/2018 – KS BANCORP INC – OTHER TERMS OF SETTLEMENT WILL REMAIN CONFIDENTIAL; 27/03/2018 – HomeBancorp, Inc. Shareholders Approve Proposed Merger With First Citizens Bank; 01/05/2018 – First Citizens Bank Completes Merger With Homebancorp, Homebanc; 19/04/2018 – Unity FI Solutions Gets Smart With First Citizens Bank; 27/03/2018 – HOMEBANCORP, HOLDERS APPROVE MERGER WITH FIRST CITIZENS BANK; 27/03/2018 – HOMEBANCORP HOLDERS APPROVE MERGER WITH FIRST CITIZENS BANK

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It improved, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. 619.40M are owned by Vanguard. Brookstone Cap accumulated 451,792 shares. Meristem Llp reported 91,598 shares. Shelter Mutual Insurance Company reported 323,390 shares. 140,353 are held by Colonial Advsr. Hudson Bay Cap Management LP reported 610,400 shares. Secor Cap Lp reported 0.01% stake. Hudock Gru Ltd Llc accumulated 103,757 shares or 0.58% of the stock. Clark Management Grp Incorporated, Pennsylvania-based fund reported 64,945 shares. Bsw Wealth Partners reported 31,627 shares. 77,350 are held by Asset Mngmt Of Georgia Inc Ga Adv. Cambridge Inv Research Advisors stated it has 0.21% in General Electric Company (NYSE:GE). 31,800 are held by Spark Management Limited Com. Louisiana State Employees Retirement System, a Louisiana-based fund reported 530,200 shares. South Dakota Invest Council has invested 0.53% of its portfolio in General Electric Company (NYSE:GE).

Since January 26, 2018, it had 1 insider buy, and 0 selling transactions 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 104 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, November 1, the company rating was maintained by JP Morgan. The rating was maintained by Oppenheimer on Monday, July 24 with “Hold”. The firm has “Sell” rating by J.P. Morgan given on Wednesday, May 30. The rating was maintained by RBC Capital Markets on Thursday, March 23 with “Positive”. As per Monday, October 9, the company rating was maintained by J.P. Morgan. UBS initiated it with “Hold” rating and $17.0 target in Tuesday, January 23 report. The firm has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. As per Monday, September 11, the company rating was maintained by Deutsche Bank. JP Morgan initiated the stock with “Underweight” rating in Thursday, May 12 report. The stock has “Hold” rating by Tigress Financial on Thursday, December 28.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric: Strong Buy” on June 01, 2018, also Globenewswire.com with their article: “GE Introduces New Femto DLynx IIâ„¢ Buck Converters with Company’s Smallest-to-Date Footprint” published on June 12, 2018, Seekingalpha.com published: “Brighthouse Financial: Attractive Short And Market Hedge” on June 12, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Reuters: GE considering sale of insurance business” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan: GE needs major capital raise” with publication date: June 04, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 EPS, down 39.29% or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48 billion for 20.63 P/E if the $0.17 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Roffman Miller Associates Inc, which manages about $833.24M and $788.36M US Long portfolio, upped its stake in South Jersey Inds Inc (NYSE:SJI) by 20,736 shares to 564,652 shares, valued at $15.90 million in 2018Q1, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 9,303 shares in the quarter, for a total of 326,404 shares, and has risen its stake in Honeywell International (NYSE:HON).

Investors sentiment is 0.94 in Q1 2018. Its the same as in 2017Q4. It is without change, as 6 investors sold FCNCA shares while 56 reduced holdings. only 27 funds opened positions while 31 raised stakes. 5.35 million shares or 0.74% less from 5.39 million shares in 2017Q4 were reported. Alps Advsrs Inc accumulated 1,062 shares. Pub Employees Retirement Systems Of Ohio, a Ohio-based fund reported 198 shares. Brandywine Global Investment Mngmt Lc holds 0.04% in First Citizens BancShares, Inc. (NASDAQ:FCNCA) or 14,083 shares. Silvercrest Asset Gru Ltd Liability Corp reported 0% stake. Willingdon Wealth invested 0.12% in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Principal Financial Group holds 0% or 1,127 shares. Citigroup reported 1,011 shares or 0% of all its holdings. Credit Suisse Ag accumulated 8,365 shares. Bb&T invested 0.08% of its portfolio in First Citizens BancShares, Inc. (NASDAQ:FCNCA). 517 are held by Virtu Ltd Liability Corporation. Great West Life Assurance Com Can owns 197,124 shares. Sg Americas Secs Ltd Limited Liability Company holds 0% in First Citizens BancShares, Inc. (NASDAQ:FCNCA) or 829 shares. Natl Bank Of Montreal Can invested in 0% or 496 shares. Alliancebernstein Ltd Partnership holds 21,460 shares. Ameritas Inv holds 0.01% of its portfolio in First Citizens BancShares, Inc. (NASDAQ:FCNCA) for 635 shares.

Franklin Street Advisors Inc, which manages about $2.06 billion and $666.96 million US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 23,651 shares to 141,460 shares, valued at $8.19M in 2018Q1, according to the filing. It also increased its holding in Square Inc Com by 37,045 shares in the quarter, for a total of 118,945 shares, and has risen its stake in Kraft Heinz Co..

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Institutional Positions Chart

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