Ossiam Grows Stock Position in GE Aerospace (NYSE:GE)

Ossiam raised its holdings in GE Aerospace (NYSE:GE - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,850 shares of the company's stock after acquiring an additional 3,241 shares during the period. Ossiam's holdings in GE Aerospace were worth $2,477,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of GE Aerospace by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company's stock worth $14,980,297,000 after buying an additional 410,172 shares during the period. FMR LLC boosted its stake in shares of GE Aerospace by 1.5% in the fourth quarter. FMR LLC now owns 66,823,968 shares of the company's stock valued at $11,145,570,000 after purchasing an additional 965,012 shares during the period. Geode Capital Management LLC grew its holdings in shares of GE Aerospace by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock valued at $3,846,587,000 after purchasing an additional 529,457 shares in the last quarter. Norges Bank purchased a new stake in GE Aerospace during the 4th quarter worth approximately $2,375,439,000. Finally, Invesco Ltd. lifted its holdings in GE Aerospace by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after buying an additional 1,204,910 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GE shares. JPMorgan Chase & Co. upped their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Bank of America raised their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. UBS Group boosted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday. Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $213.40.

GE Aerospace Price Performance

GE Aerospace stock traded up $4.53 during trading hours on Wednesday, hitting $193.71. The stock had a trading volume of 7,179,356 shares, compared to its average volume of 6,026,271. The stock has a market capitalization of $207.90 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.59 and a beta of 1.04. 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 1-year low of $150.20 and a 1-year high of $214.21. The stock's fifty day moving average is $195.11 and its two-hundred day moving average is $186.48.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results 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 net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. As a group, analysts predict 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 will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is currently 24.04%.

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.