Viking Global Investors LP Has Boosted Holding in General Electric Co (GE) by $704.23 Million as Stock Declined; Synchrony Finl (SYF) Stake Has Boosted by At Bancorp

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At Bancorp increased its stake in Synchrony Finl (SYF) by 49.54% based on its latest 2018Q3 regulatory filing with the SEC. At Bancorp bought 32,029 shares as the company’s stock declined 22.44% with the market. The institutional investor held 96,682 shares of the consumer services company at the end of 2018Q3, valued at $3.00M, up from 64,653 at the end of the previous reported quarter. At Bancorp who had been investing in Synchrony Finl for a number of months, seems to be bullish on the $21.52 billion market cap company. The stock decreased 0.56% or $0.17 during the last trading session, reaching $29.94. About 6.21 million shares traded. Synchrony Financial (NYSE:SYF) has declined 33.15% since February 10, 2018 and is downtrending. It has underperformed by 33.15% the S&P500. Some Historical SYF News: 20/04/2018 – SYNCHRONY FINANCIAL 1Q ADJ EPS 83C; 15/05/2018 – OMEGA ADVISORS DISSOLVES STAKE IN CEMEX SAB DE CV- SEC FILING; 18/05/2018 – FITCH SEES TO RATE SYNCHRONY BANK’S SR UNSEC NOTES ‘BBB-‘; 17/05/2018 – Synchrony Financial Raises Dividend to 21c Vs. 15c; 21/05/2018 – Moody’s Assigns Provisional Ratings To Synchrony’s 2018-2 Card Abs; 20/03/2018 – Moody’s Assigns Definitive Ratings To Synchrony’s 2018-1 Card Abs; 15/05/2018 – OMEGA ADVISORS DISSOLVES STAKE IN MGM RESORTS INTERNATIONAL – SEC FILING; 15/05/2018 – Synchrony: At April 30, Adjusted Net Charge-Off Rate Was 6.4%; 16/05/2018 – Synchrony Financial CEO Says Tax Plan ‘Good for Us’ (Video); 11/05/2018 – MEDTRONIC: INVESTIGATIONAL ALGORITHM MAY RESTORE AV SYNCHRONY

Viking Global Investors Lp increased its stake in General Electric Co (GE) by 93.59% based on its latest 2018Q3 regulatory filing with the SEC. Viking Global Investors Lp bought 64.02M shares as the company’s stock declined 44.60% with the market. The hedge fund held 132.43M shares of the consumer electronics and appliances company at the end of 2018Q3, valued at $1.50 billion, up from 68.41 million at the end of the previous reported quarter. Viking Global Investors Lp who had been investing in General Electric Co for a number of months, seems to be bullish on the $85.33 billion market cap company. The stock decreased 2.49% or $0.25 during the last trading session, reaching $9.81. About 118.55M shares traded. General Electric Company (NYSE:GE) has declined 60.87% since February 10, 2018 and is downtrending. It has underperformed by 60.87% the S&P500. Some Historical GE News: 04/04/2018 – GENERAL ELECTRIC: GE & EDISON/EDF GROUP SIGN MILESTONE PACT TO; 30/04/2018 – Bloomberg Baystate Business: GE, Movies and Shoes; 20/04/2018 – General Electric 1Q-End Industrial Backlog $372.3B, Up 7%; 17/04/2018 – GE’S JENBACHER UNIT IS SAID TO GET INTEREST FROM CUMMINS, CVC; 16/05/2018 – GE AFFILIATES TO ACQUIRE STAKE IN AMU POWER’S KENYA COAL PLANT; 22/03/2018 – 91SL: GE CAPITAL EUROPEAN FUNDING: FRN Variable Rate Fix; 22/05/2018 – CNBC Wires: REFILE-EXCLUSIVE-GE seeking to shed troubled insurance business; 16/04/2018 – Any GE rebound is nothing more than a ‘dead cat bounce,’ market watcher says (via @TradingNation); 30/05/2018 – Safran repeats LEAP engine targets, says no ‘bad surprises’ at Zodiac; 20/04/2018 – GENERAL ELECTRIC CO – 1Q’18 ADJUSTED EPS (NON-GAAP) OF $0.16

Since November 1, 2018, it had 3 insider purchases, and 0 sales for $2.78 million activity. 225,000 shares were bought by CULP H LAWRENCE JR, worth $2.19M. DSOUZA FRANCISCO also bought $499,200 worth of General Electric Company (NYSE:GE) shares.

Among 30 analysts covering General Electric Company (NYSE:GE), 13 have Buy rating, 3 Sell and 14 Hold. Therefore 43% are positive. General Electric Company had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Langenberg upgraded General Electric Company (NYSE:GE) rating on Monday, November 13. Langenberg has “Buy” rating and $25 target. On Thursday, December 28 the stock rating was maintained by Tigress Financial with “Hold”. The firm has “Market Perform” rating by Bernstein given on Tuesday, July 26. On Wednesday, May 30 the stock rating was maintained by J.P. Morgan with “Sell”. The rating was maintained by Credit Suisse with “Outperform” on Thursday, October 5. The stock has “Overweight” rating by Barclays Capital on Wednesday, October 31. On Monday, April 23 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Hold” rating by Cowen & Co on Friday, April 21. S&P Research maintained General Electric Company (NYSE:GE) rating on Wednesday, October 14. S&P Research has “Buy” rating and $34 target. Vertical Research maintained the stock with “Hold” rating in Tuesday, January 16 report.

Viking Global Investors Lp, which manages about $39.90B and $18.06B US Long portfolio, decreased its stake in Centene Corp Del (NYSE:CNC) by 264,013 shares to 609,107 shares, valued at $88.19 million in 2018Q3, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 723,397 shares in the quarter, leaving it with 10.27 million shares, and cut its stake in Tenaris S A (NYSE:TS).

Investors sentiment decreased to 0.56 in Q3 2018. Its down 0.03, from 0.59 in 2018Q2. It is negative, as 83 investors sold GE shares while 743 reduced holdings. 114 funds opened positions while 346 raised stakes. 4.54 billion shares or 0.56% more from 4.51 billion shares in 2018Q2 were reported. Parsec Inc holds 470,509 shares. Stonebridge Cap Mgmt Incorporated owns 410,936 shares for 1.59% of their portfolio. Campbell Newman Asset Mgmt Inc reported 49,552 shares. Shelter Retirement Plan invested in 192,900 shares or 1.01% of the stock. Cipher Capital Ltd Partnership holds 0.22% or 102,330 shares. Montecito Comml Bank reported 21,978 shares. Ironwood Invest Counsel Lc, a Arizona-based fund reported 158,224 shares. Iron Financial Lc accumulated 12,425 shares. Van Cleef Asset Managementinc accumulated 65,222 shares or 0.16% of the stock. 14,387 are held by Cadinha And Lc. Rothschild Corporation Il holds 0.27% or 205,041 shares in its portfolio. Novare Mngmt Limited accumulated 27,631 shares. Clark Estates Incorporated New York reported 1.51 million shares. Westport Asset Management has invested 0.4% in General Electric Company (NYSE:GE). Axa owns 1.86 million shares or 0.08% of their US portfolio.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric: Off To A Strong Start In 2019 – Seeking Alpha” on February 01, 2019, also Seekingalpha.com with their article: “GE: Undervalued By About $68 Billion – Seeking Alpha” published on February 07, 2019, Seekingalpha.com published: “Analysts deeply split over GE after yesterday’s run-up – Seeking Alpha” on February 01, 2019. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: Thoughts On The ‘Reworked’ Wabtec Deal – Seeking Alpha” published on January 28, 2019 as well as 247Wallst.com‘s news article titled: “The 5 Most Shorted NYSE Stocks – 24/7 Wall St.” with publication date: January 11, 2019.

At Bancorp, which manages about $927.23M US Long portfolio, decreased its stake in Schwab Strategic Tr (SCHA) by 34,597 shares to 554,954 shares, valued at $42.27 million in 2018Q3, according to the filing. It also reduced its holding in Lennar Corp (NYSE:LEN) by 13,728 shares in the quarter, leaving it with 89,109 shares, and cut its stake in United Rentals Inc (NYSE:URI).

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Globenewswire.com which released: “Bragar Eagel & Squire, PC is Investigating Certain Officers and Directors of Synchrony Financial (SYF) and Encourages SYF Investors to Contact the Firm – GlobeNewswire” on January 14, 2019, also Seekingalpha.com with their article: “Synchrony: Value Even Without Walmart – Seeking Alpha” published on July 27, 2018, Seekingalpha.com published: “Synchrony Financial: The Overhang That Is – Seeking Alpha” on July 28, 2018. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Seekingalpha.com and their article: “Synchrony to sell Walmart portfolio, extends Sam’s Club pact – Seeking Alpha” published on January 23, 2019 as well as Seekingalpha.com‘s news article titled: “Synchrony Financial: Cheap Stock With A Good Yield – Seeking Alpha” with publication date: October 22, 2018.

Among 30 analysts covering Synchrony Financial (NYSE:SYF), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Synchrony Financial had 89 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, November 5. The stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given on Wednesday, January 13 by DA Davidson. On Monday, July 30 the stock rating was maintained by BMO Capital Markets with “Outperform”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, April 30 report. On Friday, April 20 the stock rating was maintained by BMO Capital Markets with “Buy”. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Wednesday, January 13 report. Wood maintained the shares of SYF in report on Wednesday, April 12 with “Buy” rating. Bank of America upgraded the shares of SYF in report on Wednesday, January 30 to “Buy” rating. The firm has “Market Perform” rating given on Monday, October 23 by Wells Fargo. The stock of Synchrony Financial (NYSE:SYF) has “Neutral” rating given on Friday, April 8 by Bank of America.

General Electric Company (NYSE:GE) Institutional Positions Chart