Jump Financial LLC Sells 63,767 Shares of GE Aerospace (NYSE:GE)

Jump Financial LLC reduced its position in shares of GE Aerospace (NYSE:GE - Free Report) by 96.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,369 shares of the company's stock after selling 63,767 shares during the period. Jump Financial LLC's holdings in GE Aerospace were worth $395,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Truvestments Capital LLC grew its position in GE Aerospace by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after acquiring an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after buying an additional 50 shares during the last quarter. Ballast Advisors LLC increased its holdings in shares of GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after buying an additional 51 shares in the last quarter. Blue Barn Wealth LLC lifted its stake in shares of GE Aerospace by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock valued at $245,000 after acquiring an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its holdings in shares of GE Aerospace by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock valued at $96,000 after acquiring an additional 55 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of GE stock traded up $0.45 on Tuesday, reaching $201.31. The company's stock had a trading volume of 671,616 shares, compared to its average volume of 5,371,687. The stock's 50 day simple moving average is $194.18 and its 200-day simple moving average is $186.72. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $214.68 billion, a P/E ratio of 33.54, a PEG ratio of 2.59 and a beta of 1.04. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $9.06 billion. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were 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 directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. UBS Group lifted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Redburn Atlantic assumed coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $216.92.

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.