As General Electric Co (GE) Stock Price Declined, American Asset Management Lowered Its Position; Darsana Capital Partners LP Holding in Bank Amer (BAC) Has Increased as Market Valuation Declined

May 25, 2018 - By Ellis Scott

Bank of America Corporation (NYSE:BAC) Logo

Darsana Capital Partners Lp increased its stake in Bank Amer Corp (BAC) by 262.5% based on its latest 2017Q4 regulatory filing with the SEC. Darsana Capital Partners Lp bought 5.25M shares as the company’s stock declined 1.20% with the market. The institutional investor held 7.25M shares of the major banks company at the end of 2017Q4, valued at $214.02 million, up from 2.00 million at the end of the previous reported quarter. Darsana Capital Partners Lp who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $306.31B market cap company. The stock decreased 0.76% or $0.23 during the last trading session, reaching $30.21. About 62.15 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 25, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

American Asset Management Inc decreased its stake in General Electric Co (GE) by 54.22% based on its latest 2017Q4 regulatory filing with the SEC. American Asset Management Inc sold 19,052 shares as the company’s stock declined 23.20% with the market. The institutional investor held 16,087 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $281,000, down from 35,139 at the end of the previous reported quarter. American Asset Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.81B market cap company. The stock increased 2.96% or $0.42 during the last trading session, reaching $14.6. About 105.41M shares traded or 44.18% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 25, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Bizjournals.com which released: “Banking Roundup: Wells Fargo hit by reports of altered documents… BofA rolls out AI assistant Erica” on May 23, 2018, also Seekingalpha.com with their article: “Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE” published on May 17, 2018, Fool.com published: “Is Bank of America Corporation a Buy?” on May 21, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Financial sector the winner today” published on May 22, 2018 as well as Bizjournals.com‘s news article titled: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” with publication date: May 24, 2018.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. The Kentucky-based Farmers Retail Bank has invested 0.05% in Bank of America Corporation (NYSE:BAC). Fayez Sarofim And Com holds 287,251 shares or 0.04% of its portfolio. Proffitt & Goodson holds 47,628 shares. Huber Mngmt Lc has invested 2.49% in Bank of America Corporation (NYSE:BAC). Atalanta Sosnoff Capital Limited Liability has invested 4.11% of its portfolio in Bank of America Corporation (NYSE:BAC). Court Place Advisors Lc has 0.89% invested in Bank of America Corporation (NYSE:BAC). Rmsincerbeaux Cap Mngmt Limited Liability Corp invested 5.29% in Bank of America Corporation (NYSE:BAC). 3.54 million are owned by Cornerstone Cap Holding Co. Michigan-based Liberty Mgmt Incorporated has invested 0.03% in Bank of America Corporation (NYSE:BAC). Bloom Tree Partners Ltd Liability Company, New York-based fund reported 1.69M shares. Victory Cap holds 0.08% or 1.33M shares. First Tru Retail Bank Ltd stated it has 16.73% of its portfolio in Bank of America Corporation (NYSE:BAC). Wespac Advsrs Limited Liability accumulated 91,014 shares. Levin Strategies Lp owns 1.74% invested in Bank of America Corporation (NYSE:BAC) for 3.49M shares. Aperio Group Limited Liability Company owns 4.94 million shares or 0.75% of their US portfolio.

Darsana Capital Partners Lp, which manages about $989.03 million and $2.72 billion US Long portfolio, decreased its stake in Alphabet Inc (Call) by 120,000 shares to 125,000 shares, valued at $130.80 million in 2017Q4, according to the filing.

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. The stock has “Mkt Perform” rating by Bernstein on Tuesday, August 25. The firm earned “Buy” rating on Tuesday, July 18 by Oppenheimer. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Buy”. The rating was downgraded by Robert W. Baird on Wednesday, November 16 to “Neutral”. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Robert W. Baird on Tuesday, January 2. On Wednesday, April 12 the stock rating was maintained by BMO Capital Markets with “Hold”. Macquarie Research upgraded the shares of BAC in report on Tuesday, August 25 to “Underperform” rating. The stock has “Buy” rating by Deutsche Bank on Wednesday, August 12. The firm earned “Buy” rating on Wednesday, January 20 by Sandler O’Neill. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Tuesday, December 12 report.

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 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, October 19. As per Tuesday, July 25, the company rating was maintained by Morgan Stanley. Bank of America downgraded the shares of GE in report on Monday, January 22 to “Hold” rating. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, January 30 by Stifel Nicolaus. The firm has “Overweight” rating given on Monday, October 5 by Barclays Capital. The company was downgraded on Tuesday, November 14 by RBC Capital Markets. S&P Research maintained General Electric Company (NYSE:GE) on Monday, August 17 with “Buy” rating. S&P Research maintained it with “Buy” rating and $34 target in Tuesday, October 20 report. On Monday, October 23 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, June 29 by Standpoint Research.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 20.28 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE’s Share Slide – A Buying Opportunity” on May 24, 2018, also Marketwatch.com with their article: “GE’s stock selloff started from ‘irrational’ level, analyst says” published on May 24, 2018, Livetradingnews.com published: “General Electric Company (NYSE:GE) Stock Worth Watching” on May 25, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: Trifecta Of Bad News” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Exhaustion In A Corporate Restructuring” with publication date: May 21, 2018.

Since January 26, 2018, it had 1 buying transaction, and 0 sales for $43,446 activity.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Deprince Race Zollo has 1.53M shares. Old Mutual Investors (Uk) has invested 0% in General Electric Company (NYSE:GE). Northeast Investment Management holds 0.57% or 386,955 shares. Nichols Pratt Advisers Llp Ma holds 3.08% in General Electric Company (NYSE:GE) or 2.04 million shares. Cim Invest Mangement holds 71,067 shares or 0.42% of its portfolio. Puzo Michael J invested in 85,735 shares. Ancora Llc reported 0.11% stake. Federated Investors Pa reported 216,040 shares. Dowling Yahnke Limited Liability Corp stated it has 170,812 shares or 0.27% of all its holdings. Ifrah reported 19,317 shares. Summit Asset Mgmt Ltd Company reported 32,515 shares. Cullinan Assoc, Kentucky-based fund reported 251,887 shares. Neuberger Berman Limited Liability invested 0.07% in General Electric Company (NYSE:GE). Arrowstreet LP has 6.63M shares for 0.28% of their portfolio. Westwood Gp stated it has 10,641 shares or 0% of all its holdings.

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 FREE 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:


>