Beacon Financial Group Lowered General Electric Co (GE) Stake By $7.73 Million; Cullen (CFR) Has 1.14 Sentiment

Cullen/Frost Bankers, Inc. operates as the holding firm for Frost Bank that offers commercial and consumer banking services in Texas. The company has market cap of $6.09 billion. The firm operates in two divisions, Banking and Frost Wealth Advisors. It has a 18.37 P/E ratio. It provides commercial banking services to firms and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

Beacon Financial Group decreased General Electric Co (GE) stake by 79.95% reported in 2017Q3 SEC filing. Beacon Financial Group sold 322,053 shares as General Electric Co (GE)’s stock declined 7.64%. The Beacon Financial Group holds 80,743 shares with $1.95 million value, down from 402,796 last quarter. General Electric Co now has $151.76B valuation. The stock increased 0.17% or $0.03 during the last trading session, reaching $17.5. About 46.37 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since December 26, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Since August 8, 2017, it had 2 insider purchases, and 1 insider sale for $4.48 million activity. Comstock Elizabeth J had sold 24,693 shares worth $633,375 on Wednesday, August 9. On Tuesday, August 22 TISCH JAMES S bought $2.46 million worth of General Electric Company (NYSE:GE) or 100,000 shares. 103,983 shares were bought by Flannery John Leonard, worth $2.66 million on Tuesday, August 8.

Beacon Financial Group increased Enbridge Inc (NYSE:ENB) stake by 7,329 shares to 251,118 valued at $10.51M in 2017Q3. It also upped Ishares (FLOT) stake by 171,152 shares and now owns 408,586 shares. Vanguard Index Fds (VB) was raised too.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51B for 15.09 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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 has $67 highest and $15.0 lowest target. $28.41’s average target is 62.34% above currents $17.5 stock price. General Electric Company had 79 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, January 25. Oppenheimer maintained the shares of GE in report on Monday, July 24 with “Hold” rating. The firm has “Buy” rating given on Wednesday, December 23 by Argus Research. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, October 2. Morgan Stanley maintained the shares of GE in report on Thursday, October 6 with “Equal-Weight” rating. The rating was maintained by RBC Capital Markets with “Positive” on Thursday, March 23. The firm has “Sector Perform” rating given on Tuesday, November 14 by RBC Capital Markets. J.P. Morgan maintained General Electric Company (NYSE:GE) rating on Monday, October 9. J.P. Morgan has “Sell” rating and $20.0 target. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Wednesday, August 26 by Vetr. The rating was maintained by Cowen & Co on Friday, April 21 with “Hold”.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It dropped, 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. Mawer Management Limited has 0% invested in General Electric Company (NYSE:GE). Voya Mngmt Limited Co owns 4.80M shares. Miles Cap Incorporated holds 0.7% or 51,282 shares. Cue Finance Group owns 9,569 shares. Exane Derivatives has 0.17% invested in General Electric Company (NYSE:GE) for 38,507 shares. Coldstream Capital Mngmt invested in 58,303 shares. Assetmark owns 38,663 shares. Moreover, Nippon Life Ins has 0.12% invested in General Electric Company (NYSE:GE) for 260,449 shares. Barrett Asset Mgmt Ltd Limited Liability Company holds 1.26% in General Electric Company (NYSE:GE) or 714,756 shares. Port Strategies has 170 shares for 0.01% of their portfolio. Edgemoor Invest Advsrs holds 23,218 shares or 0.08% of its portfolio. Advisor Prtnrs accumulated 139,705 shares. Wealthtrust holds 0.13% or 10,836 shares in its portfolio. 36,734 are held by Inv Counselors Of Maryland Limited Liability Corporation. Atria Ltd holds 0.27% or 207,424 shares.

Analysts await Cullen/Frost Bankers, Inc. (NYSE:CFR) to report earnings on January, 24. They expect $1.39 earnings per share, up 8.59% or $0.11 from last year’s $1.28 per share. CFR’s profit will be $87.80 million for 17.35 P/E if the $1.39 EPS becomes a reality. After $1.41 actual earnings per share reported by Cullen/Frost Bankers, Inc. for the previous quarter, Wall Street now forecasts -1.42% negative EPS growth.

Ratings analysis reveals 25% of Cullen Frost’s analysts are positive. Out of 8 Wall Street analysts rating Cullen Frost, 2 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $68.0 while the high is $95.0. The stock’s average target of $81.75 is -15.24% below today’s ($96.45) share price. CFR was included in 8 notes of analysts from October 7, 2016. The firm earned “Buy” rating on Monday, December 19 by Maxim Group. On Tuesday, December 6 the stock rating was upgraded by Barclays Capital to “Equal Weight”. Raymond James initiated the shares of CFR in report on Thursday, April 6 with “Mkt Perform” rating. The stock has “Neutral” rating by Wedbush on Friday, October 7. RBC Capital Markets maintained the shares of CFR in report on Thursday, October 27 with “Sector Perform” rating. The rating was upgraded by SunTrust to “Buy” on Monday, December 19. Macquarie Research upgraded the stock to “Neutral” rating in Thursday, October 27 report. The firm has “Neutral” rating by JP Morgan given on Thursday, January 5.

Kempner Capital Management Inc. holds 7.51% of its portfolio in Cullen/Frost Bankers, Inc. for 120,275 shares. Yost Capital Management L.L.C. owns 114,270 shares or 7.45% of their US portfolio. Moreover, Lathrop Investment Management Corp has 4.18% invested in the company for 155,810 shares. The California-based Jcsd Capital Llc has invested 2.47% in the stock. Rowland & Co Investment Counsel Adv, a Georgia-based fund reported 51,510 shares.

The stock decreased 0.56% or $0.54 during the last trading session, reaching $96.45. About 232,239 shares traded. Cullen/Frost Bankers, Inc. (CFR) has risen 44.85% since December 26, 2016 and is uptrending. It has outperformed by 28.15% the S&P500.