As General Electric Co (GE) Stock Declined, Mogy Joel R Investment Counsel Decreased Its Stake; Fifth Third Bancorp (FITB) Market Value Declined While Quantbot Technologies LP Has Trimmed Its Holding by $700,704

February 15, 2018 - By Peter Erickson

Mogy Joel R Investment Counsel Inc decreased its stake in General Electric Co (GE) by 87.13% based on its latest 2017Q3 regulatory filing with the SEC. Mogy Joel R Investment Counsel Inc sold 281,656 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 41,596 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.01 million, down from 323,252 at the end of the previous reported quarter. Mogy Joel R Investment Counsel Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $128.61B market cap company. The stock decreased 0.47% or $0.07 during the last trading session, reaching $14.83. About 19.12M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 15, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Quantbot Technologies Lp decreased its stake in Fifth Third Bancorp (FITB) by 92.95% based on its latest 2017Q3 regulatory filing with the SEC. Quantbot Technologies Lp sold 25,952 shares as the company’s stock declined 12.20% while stock markets rallied. The hedge fund held 1,969 shares of the major banks company at the end of 2017Q3, valued at $55,000, down from 27,921 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Fifth Third Bancorp for a number of months, seems to be less bullish one the $23.10B market cap company. The stock increased 0.12% or $0.04 during the last trading session, reaching $33.29. About 1.01 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since February 15, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Mogy Joel R Investment Counsel Inc, which manages about $766.81 million and $601.17M US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 5,110 shares to 7,385 shares, valued at $1.28M in 2017Q3, according to the filing. It also increased its holding in Intuit (NASDAQ:INTU) by 2,680 shares in the quarter, for a total of 67,255 shares, and has risen its stake in Ishares Tr (IJH).

Among 28 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. General Electric Company had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Monday, April 4 by Bernstein. Vertical Research maintained the shares of GE in report on Tuesday, January 16 with “Hold” rating. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by Deutsche Bank on Monday, September 11. TheStreet downgraded the shares of GE in report on Wednesday, August 26 to “Buy” rating. The firm has “Hold” rating given on Sunday, December 10 by Stifel Nicolaus. JP Morgan initiated the stock with “Underweight” rating in Thursday, May 12 report. On Monday, November 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was downgraded by CFRA on Friday, July 21 to “Hold”. As per Monday, July 24, the company rating was maintained by Oppenheimer. The stock has “Buy” rating by Langenberg on Monday, November 13.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It is negative, 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. Vaughan David Invests Inc Il holds 213,604 shares or 1% of its portfolio. Bb&T Corp holds 0.47% or 998,882 shares in its portfolio. Compton Capital Ri reported 207,134 shares stake. Mitchell Mcleod Pugh And Williams, Alabama-based fund reported 46,456 shares. Elm Advisors Ltd Com holds 0.39% or 20,367 shares. The France-based Credit Agricole S A has invested 0.76% in General Electric Company (NYSE:GE). Town & Country National Bank & Trust Dba First Bankers Trust stated it has 145,800 shares or 1.82% of all its holdings. Anchor Capital Ltd Llc reported 1.04 million shares or 0.91% of all its holdings. Pensionfund Dsm Netherlands holds 1.17% or 322,000 shares. Jabre Capital Prtn Sa has 250,000 shares for 1.18% of their portfolio. Ledyard Bancorp stated it has 1.16% in General Electric Company (NYSE:GE). First Foundation Advsr holds 0.18% or 133,456 shares in its portfolio. Canada Pension Plan Inv Board holds 1.93 million shares. Acg Wealth holds 0.45% or 105,751 shares. Homrich And Berg holds 0.34% or 177,637 shares in its portfolio.

Since August 22, 2017, it had 2 insider buys, and 0 sales for $2.50 million activity. DIMITRIEF ALEXANDER also bought $43,446 worth of General Electric Company (NYSE:GE) shares.

Quantbot Technologies Lp, which manages about $581.51 million and $1.04B US Long portfolio, upped its stake in Marathon Oil Corp (NYSE:MRO) by 112,736 shares to 153,501 shares, valued at $2.08 million in 2017Q3, according to the filing. It also increased its holding in Royal Bank Of Canada (NYSE:RY) by 16,262 shares in the quarter, for a total of 18,083 shares, and has risen its stake in Citigroup Inc (NYSE:C).

Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 18% are positive. Fifth Third had 103 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Neutral” rating given on Wednesday, July 22 by Citigroup. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, October 3. Hilliard Lyons upgraded the stock to “Neutral” rating in Wednesday, January 25 report. Wedbush maintained the shares of FITB in report on Wednesday, November 30 with “Neutral” rating. The firm has “Mkt Perform” rating by Bernstein given on Wednesday, November 16. The company was downgraded on Friday, April 1 by Evercore. The firm earned “Buy” rating on Friday, September 16 by Rafferty. The firm has “Hold” rating given on Tuesday, October 24 by Piper Jaffray. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. The stock has “Hold” rating by BMO Capital Markets on Friday, December 8.

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