Blue Fin Capital Inc. raised its stake in shares of General Electric Company (NYSE:GE) by 0.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 55,992 shares of the conglomerate’s stock after buying an additional 158 shares during the period. General Electric makes up 1.0% of Blue Fin Capital Inc.’s portfolio, making the stock its 29th largest position. Blue Fin Capital Inc.’s holdings in General Electric were worth $1,668,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its position in General Electric by 12.1% in the first quarter. Sequoia Financial Advisors LLC now owns 71,369 shares of the conglomerate’s stock valued at $2,127,000 after buying an additional 7,678 shares during the period. Sfmg LLC boosted its position in General Electric by 1.2% in the first quarter. Sfmg LLC now owns 19,626 shares of the conglomerate’s stock valued at $585,000 after buying an additional 229 shares during the period. WASHINGTON TRUST Co boosted its position in General Electric by 6.8% in the first quarter. WASHINGTON TRUST Co now owns 784,951 shares of the conglomerate’s stock valued at $23,391,000 after buying an additional 49,940 shares during the period. Willingdon Wealth Management boosted its position in General Electric by 10.2% in the first quarter. Willingdon Wealth Management now owns 76,833 shares of the conglomerate’s stock valued at $2,290,000 after buying an additional 7,125 shares during the period. Finally, Usca Ria LLC boosted its position in General Electric by 21.7% in the first quarter. Usca Ria LLC now owns 178,149 shares of the conglomerate’s stock valued at $5,309,000 after buying an additional 31,819 shares during the period. 54.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Electric Company (NYSE GE) traded up 0.0143% during midday trading on Monday, reaching $24.4935. The company’s stock had a trading volume of 5,000,628 shares. The firm has a market capitalization of $212.06 billion, a P/E ratio of 29.8337 and a beta of 1.21. The stock has a 50-day moving average of $25.62 and a 200 day moving average of $28.15. General Electric Company has a 12-month low of $24.30 and a 12-month high of $32.38.

General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The firm had revenue of $29.56 billion during the quarter, compared to analysts’ expectations of $29.07 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities research analysts predict that General Electric Company will post $1.57 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/blue-fin-capital-inc-has-1-67-million-position-in-general-electric-company-ge/1528106.html.

Several equities analysts recently issued reports on the company. Cowen and Company reaffirmed a “hold” rating and issued a $24.00 price objective on shares of General Electric in a research report on Monday, August 7th. UBS AG reaffirmed a “buy” rating and issued a $31.00 price objective (down from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Stifel Nicolaus lowered their price objective on General Electric from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $31.00 price objective (down from $34.00) on shares of General Electric in a research report on Monday, July 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (down from $27.00) on shares of General Electric in a research report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. General Electric currently has an average rating of “Hold” and a consensus price target of $30.08.

In other General Electric news, Director James E. Rohr bought 27,425 shares of the company’s stock in a transaction on Monday, July 24th. The stock was purchased at an average cost of $25.50 per share, for a total transaction of $699,337.50. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Alexander Dimitrief bought 1,845 shares of the company’s stock in a transaction on Monday, July 24th. The shares were acquired at an average price of $25.54 per share, with a total value of $47,121.30. Following the completion of the acquisition, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38. The disclosure for this purchase can be found here. Insiders purchased 233,253 shares of company stock valued at $5,860,264 in the last quarter. Company insiders own 0.36% of the company’s stock.

General Electric Company Profile

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric Company (NYSE:GE).

Institutional Ownership by Quarter for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with Analyst Ratings Network's FREE daily email newsletter.