Ameriprise Financial Inc. Has $220.86 Million Stock Holdings in GE Aerospace (NYSE:GE)

Ameriprise Financial Inc. trimmed its holdings in shares of GE Aerospace (NYSE:GE) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,324,032 shares of the company’s stock after selling 74,260 shares during the period. Ameriprise Financial Inc. owned approximately 0.12% of GE Aerospace worth $220,856,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the business’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now directly owns 11,540 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $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 insiders.

GE Aerospace Stock Up 0.6 %

GE Aerospace stock opened at $208.87 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $214.21. The firm has a fifty day moving average price of $194.46 and a two-hundred day moving average price of $187.16. The firm has a market cap of $222.74 billion, a price-to-earnings ratio of 34.87, a P/E/G ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE) last announced 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 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%. As a group, analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors 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 0.69%. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. GE Aerospace’s dividend payout ratio is presently 22.40%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America boosted their target price on GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. 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. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, UBS Group lifted 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. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $216.92.

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.