General Electric Co (GE) Stock Price Declined While Beaumont Financial Partners Trimmed Holding; Canyon Capital Advisors Trimmed Its Position in Ally Finl (ALLY) by $48.46 Million as Share Value Declined

August 10, 2018 - By Mark Babin

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Canyon Capital Advisors Llc decreased its stake in Ally Finl Inc (ALLY) by 31.78% based on its latest 2018Q1 regulatory filing with the SEC. Canyon Capital Advisors Llc sold 1.79 million shares as the company’s stock declined 4.44% with the market. The hedge fund held 3.85 million shares of the consumer services company at the end of 2018Q1, valued at $104.59M, down from 5.65 million at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $12.19 billion market cap company. The stock increased 1.92% or $0.53 during the last trading session, reaching $28.13. About 6.11M shares traded or 83.11% up from the average. Ally Financial Inc. (NYSE:ALLY) has risen 40.71% since August 10, 2017 and is uptrending. It has outperformed by 28.14% the S&P500. Some Historical ALLY News: 19/04/2018 – Ally Financial Inc Says Auto Finance Vice Chairman Tim Russi to Leave Oct; 04/04/2018 – Ally Helps Consumers Hit a Home Loan Grand Slam with New Baseball-themed Mortgage Playbook, Available for First Time as Free Au; 26/04/2018 – Ally Financial 1Q-End Adj Tangible Book Value $27.45/Share; 29/05/2018 – Ally Financial Closes Below 200-Day Moving Average: Technicals; 17/04/2018 – Moody’s upgrades Ally prime auto loan ABS issued between 2016 and 2017; 19/04/2018 – Ally Announces Leadership Changes; 21/03/2018 – Ally’s Clearlane Announces New Digital Service that Will Pre-Qualify Consumers and Allow Them to Shop Directly from Multiple Dealership lnventories; 15/03/2018 – Ally Financial Sees Medium-Term Adjusted Efficiency Ratio in Low 40s Percent; 15/03/2018 – Ally Financial Sees 1Q Net Financing Revenue Up 6%-8%, Ex-Core OID; 26/04/2018 – Ally Financial 1Q Common Shareholder Equity $30.23/Share

Beaumont Financial Partners Llc decreased its stake in General Electric Co (GE) by 42.31% based on its latest 2018Q1 regulatory filing with the SEC. Beaumont Financial Partners Llc sold 32,479 shares as the company’s stock declined 0.14% with the market. The institutional investor held 44,291 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $597,000, down from 76,770 at the end of the previous reported quarter. Beaumont Financial Partners Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $112.46B market cap company. The stock decreased 0.84% or $0.11 during the last trading session, reaching $12.94. About 32.49M shares traded. General Electric Company (NYSE:GE) has declined 46.78% since August 10, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 09/04/2018 – GE’S NASON: ENERGY STORAGE IS ONE RISK FOR INVESTING IN GAS; 26/03/2018 – BAKER HUGHES A GE CO – EXPECT TPS BUSINESS TO RETURN TO NORMALIZED MARGINS IN MEDIUM TERM; 20/04/2018 – General Electric 1Q Adjusted Industrial Operating Margin 10.2%, Up 60 Basis Points; 09/03/2018 – Walter Bloomberg: GENERAL ELECTRIC CO GE.N EXPLORES SALE OF ELECTRICAL ENGINEERING BUSINESS -SOURCES$GE; 06/03/2018 – REG-General Electric Capital Corporation FRN Variable Rate Fix; 30/04/2018 – Bloomberg Baystate Business: GE, Movies and Shoes; 22/03/2018 – GENERAL ELECTRIC CO GE.N – PROJECT IS EXPECTED TO BE COMPLETE BY END OF 2019; 02/04/2018 – GE to Sell Health IT Assets in $1 Billion Private-Equity Deal; 13/04/2018 – General Electric restates 2016 and 2017 earnings; 15/05/2018 – GE GETS AGP ORDER WITH OHGISHMA POWER

Among 27 analysts covering Ally Financial (NYSE:ALLY), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 70% are positive. Ally Financial had 76 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Ally Financial Inc. (NYSE:ALLY) has “Buy” rating given on Wednesday, October 25 by BTIG Research. On Wednesday, January 10 the stock rating was maintained by Jefferies with “Buy”. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Buy” rating by BMO Capital Markets on Wednesday, August 23. The stock has “Buy” rating by Jefferies on Tuesday, August 22. As per Thursday, April 12, the company rating was maintained by Oppenheimer. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Tuesday, January 30 report. BMO Capital Markets maintained it with “Buy” rating and $26 target in Wednesday, April 26 report. The company was initiated on Monday, January 8 by Oppenheimer. BMO Capital Markets maintained Ally Financial Inc. (NYSE:ALLY) on Wednesday, May 31 with “Buy” rating. The firm earned “Neutral” rating on Friday, January 12 by JP Morgan.

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on October, 24. They expect $0.79 EPS, up 21.54% or $0.14 from last year’s $0.65 per share. ALLY’s profit will be $342.40M for 8.90 P/E if the $0.79 EPS becomes a reality. After $0.83 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts -4.82% negative EPS growth.

Canyon Capital Advisors Llc, which manages about $20.20 billion and $9.51 billion US Long portfolio, upped its stake in Santander Consumer Usa Hdg I (NYSE:SC) by 1.32M shares to 3.22M shares, valued at $52.54M in 2018Q1, according to the filing. It also increased its holding in Berry Global Group Inc (NYSE:BERY) by 643,825 shares in the quarter, for a total of 6.44M shares, and has risen its stake in Kroger Co (NYSE:KR).

Another recent and important Ally Financial Inc. (NYSE:ALLY) news was published by Prnewswire.com which published an article titled: “Ally Appoints Brian Sharples and Trynka Shineman to Board of Directors” on August 07, 2018.

Beaumont Financial Partners Llc, which manages about $2.17 billion and $896.50M US Long portfolio, upped its stake in International Business Machine (NYSE:IBM) by 5,626 shares to 8,427 shares, valued at $1.29M in 2018Q1, according to the filing. It also increased its holding in Fidelity (FDIS) by 393,666 shares in the quarter, for a total of 921,346 shares, and has risen its stake in Spdr Tr (XLY).

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 19. They expect $0.22 earnings per share, down 24.14% or $0.07 from last year’s $0.29 per share. GE’s profit will be $1.91B for 14.70 P/E if the $0.22 EPS becomes a reality. After $0.19 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 15.79% EPS growth.

Since July 24, 2018, it had 1 buying transaction, and 0 sales for $2.49 million activity.

Investors sentiment increased to 0.55 in Q1 2018. 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. California-based Cheviot Value Management Ltd Co has invested 0.83% in General Electric Company (NYSE:GE). First Citizens Bancorporation stated it has 0.16% in General Electric Company (NYSE:GE). Wealth Planning Ltd invested in 0.13% or 13,500 shares. State Of Alaska Department Of Revenue holds 969,541 shares or 0.27% of its portfolio. 53,442 were accumulated by Btc Management. Westpac Bk stated it has 0% in General Electric Company (NYSE:GE). Fairfield Bush And holds 0.27% or 67,899 shares. Fidelity Natl, Florida-based fund reported 338,900 shares. 140,353 are held by Colonial. Carlson holds 0.04% of its portfolio in General Electric Company (NYSE:GE) for 10,275 shares. 15,353 were reported by Reilly Fincl Advsr Limited Liability Corporation. Westwood Mgmt Corp Il accumulated 10,500 shares. Alphaone Investment Services Ltd Liability Com accumulated 125,088 shares. Fil Ltd stated it has 6.40 million shares. Duncker Streett owns 95,571 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: Tough Start For NewCo” on July 26, 2018, also Seekingalpha.com with their article: “Starwood Property to buy energy project debt financing unit from GE Capital for $2.56B” published on August 08, 2018, Seekingalpha.com published: “General Electric: Stop The Madness” on August 06, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “The Dismantling Of GE” published on July 25, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric’s Upcoming Big Day” with publication date: July 12, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. General Electric Company had 110 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Wednesday, August 26 by Vetr. The firm earned “Buy” rating on Wednesday, October 14 by Stifel Nicolaus. The firm has “Sector Perform” rating given on Tuesday, November 14 by RBC Capital Markets. The firm has “Hold” rating given on Tuesday, June 26 by CFRA. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Tuesday, January 30 with “Hold” rating. On Monday, July 17 the stock rating was maintained by Oppenheimer with “Hold”. The firm earned “Hold” rating on Thursday, February 15 by Stifel Nicolaus. On Tuesday, June 26 the stock rating was upgraded by Oppenheimer to “Hold”. The rating was maintained by Barclays Capital on Monday, October 5 with “Overweight”. The firm has “Hold” rating given on Monday, January 22 by Bank of America.

General Electric Company (NYSE:GE) Institutional Positions Chart

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