General Elec Co Com (GE) Shares Declined While City Holding Company Has Trimmed Holding by $457,721; Bank New York Mellon (BK) Holder Alexandria Capital Lifted Position

The Bank of New York Mellon Corporation (NYSE:BK) Logo

City Holding Company decreased its stake in General Elec Co Com (GE) by 57.55% based on its latest 2018Q3 regulatory filing with the SEC. City Holding Company sold 41,611 shares as the company’s stock declined 44.60% with the market. The institutional investor held 30,688 shares of the consumer electronics and appliances company at the end of 2018Q3, valued at $346,000, down from 72,299 at the end of the previous reported quarter. City Holding Company who had been investing in General Elec Co Com for a number of months, seems to be less bullish one the $89.50B market cap company. The stock increased 3.11% or $0.31 during the last trading session, reaching $10.29. About 67.96 million shares traded. General Electric Company (NYSE:GE) has declined 60.87% since February 13, 2018 and is downtrending. It has underperformed by 60.87% the S&P500. Some Historical GE News: 06/03/2018 – REG-General Electric Capital Corporation FRN Variable Rate Fix; 16/05/2018 – GE: $200M GAS TURBINE ORDERS BACKLOG WITH POWER PRODUCERS; 24/05/2018 – Yahoo! UK: GE doesn’t plan to cut dividend again; 10/05/2018 – 4 Charts That Show GE May Have Finally Hit Bottom — Barron’s Blog; 21/05/2018 – WABTEC – AS PART OF DEAL, GE TO SELL PORTION OF ASSETS OF GE TRANSPORTATION TO WABTEC; 20/04/2018 – GE SAYS IT PLANS DISPOSITION OF DISTRIBUTED POWER BUSINESS; 22/05/2018 – CNBC Wires: EXCLUSIVE-GE seeking to shed troubled insurance business; 21/05/2018 – WABTEC – GOLDMAN, SACHS & CO LLC ACTING AS FINANCIAL ADVISOR TO CO; 18/05/2018 – Many feared dead, injured in passenger plane crash in Cuba; 22/05/2018 – REFILE-EXCLUSIVE-GE seeking to shed troubled insurance business

Alexandria Capital Llc increased its stake in Bank New York Mellon Corp (BK) by 14.92% based on its latest 2018Q3 regulatory filing with the SEC. Alexandria Capital Llc bought 8,888 shares as the company’s stock declined 8.59% with the market. The institutional investor held 68,476 shares of the major banks company at the end of 2018Q3, valued at $3.49 million, up from 59,588 at the end of the previous reported quarter. Alexandria Capital Llc who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $50.52 billion market cap company. The stock decreased 0.45% or $0.24 during the last trading session, reaching $52.6. About 2.53 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has declined 12.28% since February 13, 2018 and is downtrending. It has underperformed by 12.28% the S&P500. Some Historical BK News: 03/04/2018 – 31IB: Bank of New York Mellon: FRN Variable Rate Fix; 12/03/2018 – 62BZ: Bank of New York Mellon: FRN Variable Rate Fix; 14/03/2018 – Bank of New York Mellon: FRN Variable Rate Fix; 14/05/2018 – BNY Mellon and Texas Treasury Safekeeping Trust Company to Exchange Ownership Stakes in Amherst Capital for Minority Interest i; 20/03/2018 – 58ML: Bank of New York Mellon: FRN Variable Rate Fix; 08/03/2018 – 10PO: Bank of New York Mellon: FRN Variable Rate Fix; 20/03/2018 – 62OM: BANK OF NEW YORK MELLON: FRN Variable Rate Fix; 16/04/2018 – 87XE: Bank of New York Mellon: FRN Variable Rate Fix; 24/04/2018 – 43SP: BANK OF NEW YORK MELLON: FRN Variable Rate Fix; 09/03/2018 – BNY Mellon Nominates 11 Board Incumbents and Bregal Investments Co-CEO Steven D. Black to Boar

More notable recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Seekingalpha.com which released: “Restaurant Brands International Is Undervalued – Seeking Alpha” on January 16, 2019, also Marketwatch.com with their article: “If Wall Street busts higher again, this stock sector is a no-brainer – MarketWatch” published on January 16, 2019, Seekingalpha.com published: “Bank of New York Mellon Q4 2018 Earnings Preview – Seeking Alpha” on January 15, 2019. More interesting news about The Bank of New York Mellon Corporation (NYSE:BK) were released by: Investorplace.com and their article: “Is Bank of New York Mellon Stock Worth Banking on Today? – Investorplace.com” published on September 27, 2018 as well as Seekingalpha.com‘s news article titled: “BNY Mellon, Citizens Financial, Northern Trust, M&T Bank release capital return plans – Seeking Alpha” with publication date: June 28, 2018.

Alexandria Capital Llc, which manages about $427.81 million and $680.19M US Long portfolio, decreased its stake in Broadcom Inc by 1,561 shares to 13,464 shares, valued at $3.32 million in 2018Q3, according to the filing. It also reduced its holding in Vanguard World Fd (MGK) by 4,530 shares in the quarter, leaving it with 111,953 shares, and cut its stake in Spdr Series Trust (SDY).

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 10 have Buy rating, 4 Sell and 11 Hold. Therefore 40% are positive. The Bank Of New York Mellon Corporation had 92 analyst reports since July 22, 2015 according to SRatingsIntel. Standpoint Research maintained the stock with “Hold” rating in Sunday, August 9 report. The rating was maintained by RBC Capital Markets on Thursday, June 22 with “Hold”. The rating was upgraded by Bank of America on Thursday, September 17 to “Buy”. JP Morgan upgraded the stock to “Overweight” rating in Thursday, January 7 report. The stock has “Buy” rating by Deutsche Bank on Thursday, June 16. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Goldman Sachs on Monday, March 12. The firm has “Hold” rating given on Monday, April 9 by Sandler O’Neill. The firm has “Buy” rating given on Wednesday, October 21 by Deutsche Bank. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Overweight” rating by Barclays Capital on Friday, January 22. Deutsche Bank maintained the shares of BK in report on Friday, September 9 with “Buy” rating.

Investors sentiment decreased to 0.74 in Q3 2018. Its down 0.19, from 0.93 in 2018Q2. It worsened, as 49 investors sold BK shares while 342 reduced holdings. 80 funds opened positions while 208 raised stakes. 808.18 million shares or 1.01% less from 816.46 million shares in 2018Q2 were reported. Convergence Inv Prtnrs Llc, a Wisconsin-based fund reported 55,061 shares. First Trust Advsr Ltd Partnership holds 0.1% or 1.10 million shares. 24,519 were accumulated by Ing Groep Nv. Montag A & Assoc holds 0.09% or 20,811 shares. Louisiana State Employees Retirement Sys reported 53,800 shares. Palo Inc invested in 11,315 shares or 0.13% of the stock. Smithbridge Asset Management De invested in 68,845 shares. Baltimore holds 1.66% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 179,666 shares. Orrstown Fincl holds 600 shares. Citigroup reported 434,702 shares. Advisor Prtnrs Limited Liability owns 28,749 shares for 0.2% of their portfolio. Fairfield Bush Communication owns 6,264 shares. Rowland And Company Investment Counsel Adv invested in 1,887 shares or 0% of the stock. Ally Financial Inc has 50,000 shares. American Natl Insurance Commerce Tx accumulated 0.59% or 236,272 shares.

City Holding Company, which manages about $348.57 million US Long portfolio, upped its stake in Microchip Technology Inc Com (NASDAQ:MCHP) by 4,980 shares to 42,414 shares, valued at $3.35M in 2018Q3, according to the filing. It also increased its holding in International Business Machscom (NYSE:IBM) by 3,036 shares in the quarter, for a total of 29,360 shares, and has risen its stake in 3M Co Com (NYSE:MMM).

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. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Stifel Nicolaus on Monday, October 19. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, October 24. The company was maintained on Monday, July 10 by RBC Capital Markets. The firm earned “Hold” rating on Monday, June 12 by Oppenheimer. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Wednesday, October 11 with “Buy” rating. The company was maintained on Thursday, March 23 by RBC Capital Markets. Deutsche Bank maintained the shares of GE in report on Friday, September 28 with “Hold” rating. The company was maintained on Wednesday, October 31 by Barclays Capital. Argus Research upgraded General Electric Company (NYSE:GE) on Thursday, January 31 to “Buy” rating. The firm earned “Hold” rating on Friday, July 21 by CFRA.

Investors sentiment decreased to 0.56 in Q3 2018. Its down 0.03, from 0.59 in 2018Q2. It dropped, 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. Field And Main Bancorp reported 7,000 shares. Ls Investment Ltd has invested 0.23% of its portfolio in General Electric Company (NYSE:GE). Hennessy Advsrs reported 0.23% of its portfolio in General Electric Company (NYSE:GE). Cohen Capital Mgmt Inc reported 301,791 shares. Lenox Wealth Mngmt accumulated 0.02% or 6,762 shares. Element Capital Mgmt Ltd holds 0.06% in General Electric Company (NYSE:GE) or 268,520 shares. Jump Trading Limited Liability Company owns 96,518 shares or 0.06% of their US portfolio. The California-based Blume Capital has invested 1.2% in General Electric Company (NYSE:GE). The New York-based M&T Bank Corp has invested 0.23% in General Electric Company (NYSE:GE). Bragg Fincl Advisors invested 0.3% of its portfolio in General Electric Company (NYSE:GE). Moreover, State Of Alaska Department Of Revenue has 0.22% invested in General Electric Company (NYSE:GE) for 1.14M shares. Matrix Asset Advsrs Inc New York invested in 0.03% or 19,235 shares. Neville Rodie & Shaw reported 0.31% in General Electric Company (NYSE:GE). St Germain D J invested 1.5% of its portfolio in General Electric Company (NYSE:GE). Moreover, Atria Invests Ltd has 0.09% invested in General Electric Company (NYSE:GE) for 201,128 shares.

Since November 1, 2018, it had 3 buys, and 0 sales for $2.78 million activity. Shares for $499,200 were bought by DSOUZA FRANCISCO on Wednesday, November 14. The insider CULP H LAWRENCE JR bought $2.19M.

General Electric Company (NYSE:GE) Institutional Positions Chart