Empirical Financial Services Boosted Stake in Apple (AAPL) by $722,568; General Electric Co. (GE) Market Valuation Declined While Opus Investment Management Cut Holding by $720,000

January 19, 2018 - By Peter Erickson

Opus Investment Management Inc decreased its stake in General Electric Co. (GE) by 14.87% based on its latest 2017Q3 regulatory filing with the SEC. Opus Investment Management Inc sold 30,000 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 171,800 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.15 million, down from 201,800 at the end of the previous reported quarter. Opus Investment Management Inc who had been investing in General Electric Co. for a number of months, seems to be less bullish one the $143.31B market cap company. The stock decreased 1.46% or $0.2447 during the last trading session, reaching $16.5253. About 131.65M shares traded or 48.36% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 19, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Empirical Financial Services Llc increased its stake in Apple Inc (AAPL) by 21.76% based on its latest 2017Q3 regulatory filing with the SEC. Empirical Financial Services Llc bought 4,692 shares as the company’s stock rose 12.78% with the market. The institutional investor held 26,250 shares of the computer manufacturing company at the end of 2017Q3, valued at $4.05M, up from 21,558 at the end of the previous reported quarter. Empirical Financial Services Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $907.94B market cap company. The stock decreased 0.43% or $0.7789 during the last trading session, reaching $178.4811. About 15.64 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 19, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Since August 8, 2017, it had 2 insider buys, and 1 sale for $4.48 million activity. The insider Comstock Elizabeth J sold $633,375. TISCH JAMES S had bought 100,000 shares worth $2.46 million.

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Positive” rating by RBC Capital Markets on Thursday, March 23. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, November 30. The rating was maintained by Credit Suisse with “Buy” on Wednesday, April 12. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. Cowen & Co initiated the stock with “Market Perform” rating in Tuesday, June 7 report. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 25. On Tuesday, November 14 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The rating was downgraded by Vetr to “Hold” on Tuesday, September 22. The firm has “Buy” rating given on Wednesday, August 26 by Vetr. The firm earned “Buy” rating on Monday, October 23 by RBC Capital Markets.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It fall, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Cincinnati reported 2.86% in General Electric Company (NYSE:GE). Cohen Klingenstein Ltd Liability Corporation owns 0.57% invested in General Electric Company (NYSE:GE) for 156,881 shares. Hills Comml Bank And holds 78,622 shares or 0.6% of its portfolio. Frontier invested in 853,580 shares or 1.71% of the stock. Bessemer Group invested in 0.05% or 547,056 shares. Osborne Partners Capital Limited Liability Corp, California-based fund reported 448,100 shares. Rampart Invest Mngmt Co Lc accumulated 107,454 shares. Great West Life Assurance Can reported 0.49% in General Electric Company (NYSE:GE). Schroder Inv Management Gru has invested 0.21% in General Electric Company (NYSE:GE). 17,150 were accumulated by Reik Limited Liability Co. The California-based Personal Capital Advisors Corp has invested 0.5% in General Electric Company (NYSE:GE). Wetherby Asset Mngmt, a California-based fund reported 177,360 shares. Aristotle Cap Management Ltd Com stated it has 0.69% in General Electric Company (NYSE:GE). Kenmare Prns Limited Liability Company owns 136,600 shares. Moreover, Hallmark Cap Mgmt has 0.03% invested in General Electric Company (NYSE:GE) for 10,175 shares.

Opus Investment Management Inc, which manages about $8.16B and $551.34 million US Long portfolio, upped its stake in Us Bancorp (NYSE:USB) by 18,000 shares to 24,300 shares, valued at $1.30 million in 2017Q3, according to the filing.

Since August 7, 2017, it had 0 buys, and 12 insider sales for $93.68 million activity. On Tuesday, August 15 the insider KONDO CHRIS sold $1.01M. Another trade for 15,641 shares valued at $2.73 million was sold by Riccio Daniel J.. FEDERIGHI CRAIG sold 63,163 shares worth $9.98 million. The insider Srouji Johny sold 5,892 shares worth $948,612. The insider SCHILLER PHILIP W sold $8.79 million. SEWELL D BRUCE sold $5.00 million worth of Apple Inc. (NASDAQ:AAPL) on Monday, August 7.

Empirical Financial Services Llc, which manages about $933.31M and $433.35M US Long portfolio, decreased its stake in Patterson Companies Inc (NASDAQ:PDCO) by 8,002 shares to 6,998 shares, valued at $270,000 in 2017Q3, according to the filing.

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