Banco Bilbao Vizcaya Argentaria S.A. Increases Position in GE Aerospace (NYSE:GE)

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,892 shares of the company's stock after purchasing an additional 9,786 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in GE Aerospace were worth $7,988,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GE. Truvestments Capital LLC grew its stake in GE Aerospace by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after purchasing an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its holdings in GE Aerospace by 17.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after buying an additional 50 shares during the period. Ballast Advisors LLC raised its position in GE Aerospace by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after buying an additional 51 shares during the last quarter. Blue Barn Wealth LLC boosted its holdings in shares of GE Aerospace by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock valued at $245,000 after acquiring an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC increased its stake in shares of GE Aerospace by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock worth $96,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Up 0.6 %

NYSE GE traded up $1.14 on Friday, reaching $198.55. The stock had a trading volume of 4,390,590 shares, compared to its average volume of 5,397,810. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average price of $194.36 and a two-hundred day moving average price of $186.67. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21. The firm has a market capitalization of $213.10 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a $0.36 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's payout ratio is 22.40%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GE. Deutsche Bank Aktiengesellschaft cut their price target on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Bank of America increased their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.