Oxford Asset Management LLP Purchases New Holdings in GE Aerospace (NYSE:GE)

Oxford Asset Management LLP purchased a new stake in GE Aerospace (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,807 shares of the company's stock, valued at approximately $1,302,000. GE Aerospace comprises 0.7% of Oxford Asset Management LLP's investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors also recently made changes to their positions in the stock. New Age Alpha Advisors LLC increased its position in shares of GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in GE Aerospace in the fourth quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace during the fourth quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth about $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GE shares. UBS Group lifted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America boosted their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company raised their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Northcoast Research raised 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. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $216.92.

GE Aerospace Price Performance

Shares of GE stock traded up $1.14 during mid-day trading on Friday, hitting $198.55. 4,390,590 shares of the stock traded hands, compared to its average volume of 5,397,810. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm 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 company's 50-day simple moving average is $194.36 and its 200-day simple moving average is $186.66. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21.

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, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during 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%. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

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

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.