Reliance Trust Cut Holding in General Electric Co (GE) by $368,004; Bainco International Investors Has Increased Bank Amer Com (BAC) Position

June 24, 2018 - By Marguerite Chambers

General Electric Company (NYSE:GE) Logo

Bainco International Investors increased its stake in Bank Amer Corp Com (BAC) by 44.01% based on its latest 2018Q1 regulatory filing with the SEC. Bainco International Investors bought 115,677 shares as the company’s stock declined 6.97% with the market. The institutional investor held 378,541 shares of the major banks company at the end of 2018Q1, valued at $11.35 million, up from 262,864 at the end of the previous reported quarter. Bainco International Investors who had been investing in Bank Amer Corp Com for a number of months, seems to be bullish on the $293.94B market cap company. The stock decreased 1.02% or $0.3 during the last trading session, reaching $28.99. About 77.35M shares traded or 15.78% up from the average. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 24, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 07/05/2018 – U.S. IPOs Drop 17% in 2018, BofA Leads; 19/03/2018 – U.S. SEC awards Merrill Lynch whistleblowers a record $83 million; 04/05/2018 – REG-Stryker to participate in Bank of America Merrill Lynch 2018 Health Care Conference; 13/03/2018 – REG-Bank of America Corp AGM Statement; 12/04/2018 – GE Capital has ‘zero equity value,’ Bank of America says after deep dive analysis; 26/04/2018 – REG-Bank of America Corp Result of AGM; 19/04/2018 – Icon Presenting at Bank of America Conference May 15; 09/05/2018 – Amicus Presenting at Bank of America Conference May 15; 08/05/2018 – RENEW POWER – IPO GLOBAL CO-ORDINATORS AND BOOK RUNNING LEAD MANAGERS INCLUDE KOTAK MAHINDRA CAPITAL, DSP MERRILL LYNCH, OTHERS; 11/04/2018 – Atlanta CBS: Bank of America to stop lending to makers of assault-style weapons

Reliance Trust decreased its stake in General Electric Co (GE) by 14.25% based on its latest 2018Q1 regulatory filing with the SEC. Reliance Trust sold 28,308 shares as the company’s stock declined 0.14% with the market. The institutional investor held 170,286 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $2.30M, down from 198,594 at the end of the previous reported quarter. Reliance Trust who had been investing in General Electric Co for a number of months, seems to be less bullish one the $113.34B market cap company. The stock increased 2.27% or $0.29 during the last trading session, reaching $13.05. About 74.12 million shares traded or 9.32% up from the average. General Electric Company (NYSE:GE) has declined 46.78% since June 24, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 20/04/2018 – Baker Hughes GE 1Q Net $70M; 27/03/2018 – ENERGA TO BACK GE-ALSTOM BID FOR OSTROLEKA POWER PROJECT; 07/05/2018 – GE & ALTAIR SIGN PACT FOR EXCLUSIVE DISTRIBUTION OF GE’S FLOW S; 02/04/2018 – Veritas Capital to Buy Revenue-Cycle From GE Healthcare for $1.05B Cash; 26/03/2018 – FDA: GE Healthcare, LLC- DATEX-OHMEDA AISYS CS2 ALADIN2 CASSETTE Cassettes are intended to be used to deliver anesthetic; 23/05/2018 – General Electric Won’t Make Any Promises About It’s Dividend — Barron’s Blog; 14/03/2018 – FDA: GE Healthcare, LLC- Uterine Electromyographic Monitor – Monica Novii Wireless Patch System; 27/03/2018 – Industrials Down As GE Rally Offset By Growth Fears — Industrials Roundup; 26/04/2018 – BOEING REPORTS GLOBAL DISTRIBUTION PACT FOR GE AVIATION T700 EN; 14/03/2018 – GE AVIATION – SEES 2018 SALES GROWTH OF ABOUT 7 PCT TO 10 PCT

Bainco International Investors, which manages about $604.40 million and $800.27M US Long portfolio, decreased its stake in Ishares Edge Msci Usa Quality Factor Etf (QUAL) by 56,403 shares to 129,703 shares, valued at $10.73M in 2018Q1, according to the filing. It also reduced its holding in Spdr Gold Trust Shares (GLD) by 5,064 shares in the quarter, leaving it with 110,805 shares, and cut its stake in Financial Select Sector Spdr Fund (XLF).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, September 14, the company rating was maintained by Jefferies. The rating was upgraded by Nomura to “Buy” on Tuesday, September 8. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, September 1 by Bernstein. As per Wednesday, December 6, the company rating was maintained by RBC Capital Markets. Guggenheim downgraded the stock to “Neutral” rating in Tuesday, November 15 report. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, December 12 by Keefe Bruyette & Woods. Oppenheimer maintained the stock with “Buy” rating in Monday, March 26 report. The company was upgraded on Tuesday, September 1 by Robert W. Baird. Nomura maintained Bank of America Corporation (NYSE:BAC) on Tuesday, July 18 with “Buy” rating.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It turned negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. 7,769 are held by West Oak. First Natl Bank Tru Company Of Newtown has 0.38% invested in Bank of America Corporation (NYSE:BAC) for 46,201 shares. Pennsylvania-based Jfs Wealth Llc has invested 0.02% in Bank of America Corporation (NYSE:BAC). Advisors Cap Limited Liability Company has invested 1.21% in Bank of America Corporation (NYSE:BAC). Utah Retirement accumulated 1.14% or 1.78 million shares. Patten Gp invested in 0.05% or 3,913 shares. Washington Capital Management Incorporated stated it has 141,265 shares or 4.25% of all its holdings. Haverford Tru Company invested in 0.02% or 31,914 shares. Vantage Invest Advsr Lc holds 182,921 shares. 71,747 are held by Lafayette Invests. Private Ocean Ltd has 724 shares. Litman Gregory Asset Mgmt Limited Liability invested in 105,660 shares. Staley Capital Advisers reported 0.02% of its portfolio in Bank of America Corporation (NYSE:BAC). Checchi Cap Advisers Lc has invested 0.36% in Bank of America Corporation (NYSE:BAC). Orleans Corp La holds 2.12% or 96,299 shares.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: More Tailwinds” on June 03, 2018, also Seekingalpha.com with their article: “Citi warns on bank job automation” published on June 12, 2018, Investorplace.com published: “3 Key Bank Stocks Ahead of the Stress Tests” on June 20, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America’s virtual financial assistant gets over 1M users” published on June 12, 2018 as well as Finance.Yahoo.com‘s news article titled: “Thursday’s Vital Data: Micron Technology, Inc. (MU), Bank of America Corp (BAC) and AbbVie Inc. (ABBV)” with publication date: May 31, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 earnings per share, down 39.29% or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48B for 19.19 P/E if the $0.17 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric’s Digital Growth Is Impressive” on June 13, 2018, also Seekingalpha.com with their article: “Warren: Your $20/Share GE Lunch Is Served” published on June 13, 2018, Finance.Yahoo.com published: “General Electric (GE) Secures Order for 50 New Locomotives” on June 23, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE: Real Recovery But Bad Investment” published on June 12, 2018 as well as Thestreet.com‘s news article titled: “Why GE’s Stock Has Fallen 15% in the Last 30 Days” with publication date: June 17, 2018.

Since January 26, 2018, it had 1 buying transaction, 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 104 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America to “Hold” on Monday, January 22. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Wednesday, April 11. As per Tuesday, July 26, the company rating was maintained by Bernstein. On Monday, February 12 the stock rating was maintained by JP Morgan with “Underweight”. The firm has “Equal-Weight” rating given on Monday, July 17 by Morgan Stanley. Stifel Nicolaus maintained the shares of GE in report on Monday, October 19 with “Buy” rating. On Monday, June 12 the stock rating was maintained by Oppenheimer with “Hold”. On Friday, January 26 the stock rating was downgraded by DZ Bank to “Hold”. RBC Capital Markets maintained the stock with “Buy” rating in Friday, September 15 report. The firm has “Hold” rating given on Monday, August 7 by Cowen & Co.

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It is positive, 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. Schaper Benz & Wise Invest Counsel Wi accumulated 365,238 shares. Brown Advisory Ltd Co invested 0.32% in General Electric Company (NYSE:GE). Howard Capital Mgmt holds 82,000 shares or 0.16% of its portfolio. Mondrian Invest Prtnrs Limited has 0% invested in General Electric Company (NYSE:GE). 34,651 are owned by Global X Mngmt Lc. Keating Invest Counselors holds 1.29% of its portfolio in General Electric Company (NYSE:GE) for 208,060 shares. Hudson Bay Capital Lp stated it has 0.17% of its portfolio in General Electric Company (NYSE:GE). Moller stated it has 0.18% of its portfolio in General Electric Company (NYSE:GE). Texas-based Tctc Ltd has invested 0.46% in General Electric Company (NYSE:GE). Norinchukin Financial Bank The invested in 0.31% or 1.38M shares. Dynamic Cap Management Limited owns 1.22% invested in General Electric Company (NYSE:GE) for 36,492 shares. Royal National Bank & Trust Of Canada invested in 17.98M shares or 0.11% of the stock. Georgia-based Narwhal Capital Mgmt has invested 0.97% in General Electric Company (NYSE:GE). Thompson Rubinstein Inv Management Or has 93,034 shares for 0.43% of their portfolio. Obermeyer Wood Counsel Lllp has 17,628 shares.

General Electric Company (NYSE:GE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: