Great Lakes Advisors Has Decreased By $3.72 Million Its E Trade Financial (ETFC) Holding; Nbt Bank N A Cut General Electric (GE) Stake By $300,294

December 10, 2017 - By Marguerite Chambers

Great Lakes Advisors Llc decreased E Trade Financial Corp (ETFC) stake by 51.04% reported in 2017Q2 SEC filing. Great Lakes Advisors Llc sold 97,820 shares as E Trade Financial Corp (ETFC)’s stock declined 8.39%. The Great Lakes Advisors Llc holds 93,826 shares with $3.57 million value, down from 191,646 last quarter. E Trade Financial Corp now has $13.42B valuation. The stock increased 1.08% or $0.54 during the last trading session, reaching $50.38. About 1.60 million shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 29.03% since December 10, 2016 and is uptrending. It has outperformed by 12.33% the S&P500.

Nbt Bank N A decreased General Electric Corp (GE) stake by 2.64% reported in 2017Q2 SEC filing. Nbt Bank N A sold 11,122 shares as General Electric Corp (GE)’s stock declined 7.64%. The Nbt Bank N A holds 409,819 shares with $11.07 million value, down from 420,941 last quarter. General Electric Corp now has $153.58 billion valuation. It closed at $17.71 lastly. It is down 4.46% since December 10, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 25 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 10 Hold. Therefore 40% are positive. General Electric Company had 78 analyst reports since July 21, 2015 according to SRatingsIntel. CFRA downgraded the shares of GE in report on Friday, July 21 to “Hold” rating. The rating was downgraded by Morgan Stanley to “Underweight” on Monday, October 23. As per Monday, November 13, the company rating was upgraded by Langenberg. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, April 24 report. The rating was maintained by on Monday, October 10 with “Buy”. As per Monday, July 17, the company rating was maintained by Morgan Stanley. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, October 14. Bernstein upgraded General Electric Company (NYSE:GE) on Friday, December 16 to “Outperform” rating. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Thursday, January 21. Deutsche Bank maintained it with “Hold” rating and $29 target in Tuesday, August 25 report.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 earnings per share, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.43B for 15.81 P/E if the $0.28 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It worsened, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Moreover, Benchmark Capital Advisors has 0.84% invested in General Electric Company (NYSE:GE) for 39,400 shares. Mackenzie reported 1.90 million shares or 0.29% of all its holdings. Registered Advisor Incorporated holds 1.23% in General Electric Company (NYSE:GE) or 108,737 shares. Whalerock Point Partners Ltd Liability Com owns 0.86% invested in General Electric Company (NYSE:GE) for 86,728 shares. Adirondack Tru reported 1.54% stake. Moreover, Stelac Advisory Service Limited Liability has 0.23% invested in General Electric Company (NYSE:GE) for 26,259 shares. Meridian Counsel accumulated 66,300 shares. Aqr Mngmt Ltd Liability Com owns 2.08 million shares. Fort Point Capital Prns Limited invested in 0.33% or 21,997 shares. Halbert Hargrove Russell Llc, California-based fund reported 19,809 shares. Pinnacle Wealth Mngmt Advisory Group Inc Limited Liability Company has invested 0.45% of its portfolio in General Electric Company (NYSE:GE). Buffington Mohr Mcneal has invested 0.75% in General Electric Company (NYSE:GE). Spirit Of America Mngmt New York, New York-based fund reported 32,481 shares. Howland Capital Management Ltd Liability Company owns 1.31 million shares for 2.99% of their portfolio. Deprince Race & Zollo Inc accumulated 1.62M shares or 0.9% of the stock.

Among 21 analysts covering E*TRADE (NASDAQ:ETFC), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. E*TRADE had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Monday, April 4 by Nomura. SunTrust maintained E*TRADE Financial Corporation (NASDAQ:ETFC) rating on Friday, October 20. SunTrust has “Buy” rating and $50.0 target. The rating was maintained by SunTrust on Tuesday, November 29 with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Friday, October 6 with “Hold”. The stock has “Buy” rating by Deutsche Bank on Friday, January 8. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, October 19. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned “Neutral” rating by Goldman Sachs on Friday, July 22. The rating was maintained by Jefferies on Monday, July 10 with “Hold”. The company was maintained on Thursday, July 20 by Jefferies. Evercore upgraded E*TRADE Financial Corporation (NASDAQ:ETFC) on Wednesday, September 9 to “Buy” rating.

Investors sentiment increased to 1.24 in 2017 Q2. Its up 0.26, from 0.98 in 2017Q1. It improved, as 34 investors sold ETFC shares while 125 reduced holdings. 64 funds opened positions while 133 raised stakes. 246.20 million shares or 1.04% less from 248.78 million shares in 2017Q1 were reported. Ameriprise owns 2.91 million shares. Hexavest invested in 4,000 shares or 0% of the stock. Pennsylvania-based Stevens Cap Management Limited Partnership has invested 0.17% in E*TRADE Financial Corporation (NASDAQ:ETFC). Illinois-based Magnetar Financial Limited Liability has invested 0.01% in E*TRADE Financial Corporation (NASDAQ:ETFC). Amalgamated Bank & Trust stated it has 0.07% in E*TRADE Financial Corporation (NASDAQ:ETFC). Deutsche Savings Bank Ag has invested 0.07% in E*TRADE Financial Corporation (NASDAQ:ETFC). Meiji Yasuda Asset Mgmt Limited, Japan-based fund reported 13,890 shares. Great West Life Assurance Can invested 0.02% in E*TRADE Financial Corporation (NASDAQ:ETFC). 31,228 are held by Wellington Management Llp. Td Asset Management Inc invested 0.04% in E*TRADE Financial Corporation (NASDAQ:ETFC). Twin Tree Management Limited Partnership accumulated 6,543 shares. Norinchukin Retail Bank The reported 60,733 shares. Thrivent Financial For Lutherans invested 0.16% in E*TRADE Financial Corporation (NASDAQ:ETFC). 980,506 are held by Calamos Advisors Limited Com. Art Advisors Limited Com owns 138,800 shares or 0.28% of their US portfolio.

Great Lakes Advisors Llc increased Dicks Sporting Goods Inc (NYSE:DKS) stake by 9,094 shares to 48,637 valued at $1.94 million in 2017Q2. It also upped Zions Bancorporation (NASDAQ:ZION) stake by 114,741 shares and now owns 220,114 shares. Southern Co (NYSE:SO) was raised too.

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