GE Aerospace (NYSE:GE) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,324,032 shares of the company's stock after selling 74,260 shares during the period. Ameriprise Financial Inc. owned 0.12% of GE Aerospace worth $220,856,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GE. New Age Alpha Advisors LLC raised its position in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in GE Aerospace in the 4th quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in GE Aerospace in the 4th quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new position in GE Aerospace during the 4th quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in shares of GE Aerospace in the fourth quarter valued at about $29,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GE has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Redburn Atlantic assumed coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Citigroup cut their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $216.92.

GE Aerospace Stock Up 0.6 %

Shares of NYSE:GE traded up $1.30 during trading on Wednesday, hitting $209.90. The company's stock had a trading volume of 3,873,965 shares, compared to its average volume of 5,360,052. The company has a market capitalization of $223.83 billion, a PE ratio of 35.04, a PEG ratio of 2.59 and a beta of 1.31. 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 stock's 50-day moving average price is $194.66 and its two-hundred day moving average price is $187.47. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $214.21.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were given a dividend of $0.36 per share. The ex-dividend date was Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's payout ratio is currently 22.40%.

GE Aerospace 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.