Stifel Financial Corp Boosts Stake in GE Aerospace (NYSE:GE)

Stifel Financial Corp boosted its holdings in GE Aerospace (NYSE:GE - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 709,865 shares of the company's stock after buying an additional 45,205 shares during the period. Stifel Financial Corp owned 0.07% of GE Aerospace worth $118,402,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on GE. Wells Fargo & Company upped their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday. Bank of America raised their price objective on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Stock Performance

GE traded up $1.14 during trading on Friday, hitting $198.55. The stock had a trading volume of 4,390,564 shares, compared to its average volume of 6,020,242. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market cap 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. The company has a 50 day moving average price of $194.59 and a 200-day moving average price of $186.61. GE Aerospace has a one year low of $150.20 and a one year 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 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $9.06 billion. As a group, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.73%. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is presently 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.