MML Investors Services LLC Acquires 16,298 Shares of GE Aerospace (NYSE:GE)

MML Investors Services LLC lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,299 shares of the company's stock after acquiring an additional 16,298 shares during the quarter. MML Investors Services LLC's holdings in GE Aerospace were worth $24,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. Natixis boosted its holdings in shares of GE Aerospace by 63.2% during the 4th quarter. Natixis now owns 12,052 shares of the company's stock worth $2,010,000 after buying an additional 4,669 shares in the last quarter. MetLife Investment Management LLC boosted its stake in GE Aerospace by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 296,564 shares of the company's stock worth $49,464,000 after acquiring an additional 3,877 shares in the last quarter. Norinchukin Bank The grew its holdings in GE Aerospace by 10.9% in the fourth quarter. Norinchukin Bank The now owns 50,536 shares of the company's stock worth $8,429,000 after purchasing an additional 4,953 shares during the period. Ossiam increased its stake in GE Aerospace by 27.9% in the fourth quarter. Ossiam now owns 14,850 shares of the company's stock valued at $2,477,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Capital International Inc. CA raised its holdings in shares of GE Aerospace by 10.2% during the fourth quarter. Capital International Inc. CA now owns 459,803 shares of the company's stock valued at $76,691,000 after purchasing an additional 42,655 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GE shares. Wells Fargo & Company boosted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday. Bank of America boosted their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a research report on Wednesday. Citigroup lowered their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $214.07.

GE Aerospace Stock Performance

Shares of GE traded up $3.72 on Thursday, reaching $197.40. 5,902,878 shares of the company's stock traded hands, compared to its average volume of 5,425,822. The stock's 50 day simple moving average is $194.82 and its two-hundred day simple moving average is $186.53. The stock has a market cap of $211.87 billion, a PE ratio of 32.95, a PEG ratio of 2.59 and a beta of 1.04. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.73%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. GE Aerospace's dividend payout ratio is 24.04%.

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.