MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 2,843 Shares of GE Aerospace (NYSE:GE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,497 shares of the company's stock after purchasing an additional 2,843 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in GE Aerospace were worth $18,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. MJP Associates Inc. ADV increased its stake in shares of GE Aerospace by 34.6% during the fourth quarter. MJP Associates Inc. ADV now owns 4,869 shares of the company's stock valued at $812,000 after buying an additional 1,251 shares during the period. LRI Investments LLC grew its holdings in GE Aerospace by 9.2% during the 4th quarter. LRI Investments LLC now owns 1,970 shares of the company's stock worth $329,000 after acquiring an additional 166 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in GE Aerospace by 23.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 83,639 shares of the company's stock valued at $13,950,000 after purchasing an additional 15,613 shares during the period. Janus Henderson Group PLC raised its holdings in shares of GE Aerospace by 87.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after purchasing an additional 1,673,365 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in shares of GE Aerospace by 299.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 123,402 shares of the company's stock worth $20,582,000 after purchasing an additional 92,485 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group increased 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, April 23rd. Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Wells Fargo & Company raised 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. JPMorgan Chase & Co. boosted their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Bank of America raised their price target 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. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Trading Up 0.4%

GE Aerospace stock opened at $222.40 on Thursday. The stock has a 50-day moving average price of $196.64 and a 200 day moving average price of $188.71. The company has a market capitalization of $237.16 billion, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $223.93. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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

GE Aerospace Increases Dividend

The business 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 is an increase from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.65%. GE Aerospace's dividend payout ratio is presently 22.40%.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.