Voleon Capital Management LP Invests $8.18 Million in GE Aerospace (NYSE:GE)

Voleon Capital Management LP bought a new stake in GE Aerospace (NYSE:GE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 49,048 shares of the company's stock, valued at approximately $8,181,000.

Other large investors also recently added to or reduced their stakes in the company. Johnson & White Wealth Management LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at approximately $733,000. Chung Wu Investment Group LLC acquired a new position in GE Aerospace during the 4th quarter worth $795,000. National Bank of Canada FI boosted its holdings in GE Aerospace by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after acquiring an additional 29,844 shares during the period. World Investment Advisors LLC grew its position in shares of GE Aerospace by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the company's stock valued at $2,576,000 after purchasing an additional 5,162 shares during the last quarter. Finally, National Pension Service increased its stake in shares of GE Aerospace by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the company's stock worth $376,051,000 after purchasing an additional 37,884 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

NYSE:GE traded up $4.26 during mid-day trading on Friday, hitting $207.87. The company's stock had a trading volume of 3,826,348 shares, compared to its average volume of 5,367,829. The company has a market capitalization of $221.67 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $214.21. The stock has a fifty day moving average of $194.14 and a 200-day moving average of $187.00.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during 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, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the stock 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 research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. UBS Group boosted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $216.92.

Insider Activity

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

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.