Jump Financial LLC Lowers Stock Holdings in GE Aerospace (NYSE:GE)

Jump Financial LLC reduced its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 96.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,369 shares of the company's stock after selling 63,767 shares during the period. Jump Financial LLC's holdings in GE Aerospace were worth $395,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

GE has been the topic of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Citigroup lowered their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. Finally, 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 research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Stock Up 0.6 %

Shares of GE Aerospace stock traded up $1.14 during trading on Friday, hitting $198.55. 4,390,590 shares of the stock were exchanged, compared to its average volume of 5,397,810. The stock has a market cap of $213.10 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The firm's 50-day moving average price is $194.36 and its 200 day moving average price is $186.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21.

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

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.36 per share. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.73%. GE Aerospace's payout ratio is 22.40%.

About GE Aerospace

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.