Optiver Holding B.V. Has $594,000 Stock Position in GE Aerospace (NYSE:GE)

Optiver Holding B.V. boosted its stake in GE Aerospace (NYSE:GE - Free Report) by 1,031.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,563 shares of the company's stock after acquiring an additional 3,248 shares during the period. Optiver Holding B.V.'s holdings in GE Aerospace were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC lifted 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 bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Redburn Atlantic started 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. JPMorgan Chase & Co. raised their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Trading Up 1.1 %

NYSE GE traded up $2.18 on Thursday, hitting $203.72. 4,682,612 shares of the stock were exchanged, compared to its average volume of 5,372,626. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. 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 company has a market capitalization of $217.24 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 2.59 and a beta of 1.04. The company's 50-day moving average price is $194.04 and its two-hundred day moving average price is $186.92.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share 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 net margin of 14.31% and a return on equity of 22.19%. Research analysts predict 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. Shareholders of record on Monday, March 10th were paid 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 dividend yield of 0.71%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

Insider Buying and Selling at GE Aerospace

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 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 owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

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.