BAE Systems plc (OTCMKTS:BAESY) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC raised its stake in shares of BAE Systems plc (OTCMKTS:BAESY) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,733 shares of the aerospace company’s stock after purchasing an additional 546 shares during the period. SVB Wealth LLC’s holdings in BAE Systems were worth $274,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BAESY. Beach Investment Counsel Inc. PA increased its position in shares of BAE Systems by 2.8% in the third quarter. Beach Investment Counsel Inc. PA now owns 214,001 shares of the aerospace company’s stock worth $10,582,000 after acquiring an additional 5,741 shares in the last quarter. Equitable Trust Co. increased its position in shares of BAE Systems by 20.9% in the third quarter. Equitable Trust Co. now owns 52,940 shares of the aerospace company’s stock worth $2,579,000 after acquiring an additional 9,135 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of BAE Systems in the third quarter worth $55,000. Ramirez Asset Management Inc. purchased a new position in shares of BAE Systems in the third quarter valued at $2,710,000. Finally, Pacer Advisors Inc. purchased a new position in shares of BAE Systems in the fourth quarter valued at $18,702,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

BAE Systems Price Performance

BAE Systems stock opened at $66.54 on Tuesday. The firm’s 50-day moving average is $66.24 and its 200-day moving average is $59.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.08. BAE Systems plc has a 1 year low of $46.19 and a 1 year high of $70.49.

BAE Systems Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, April 19th will be given a $0.9029 dividend. This is an increase from BAE Systems’s previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, April 18th.

Analyst Ratings Changes

Separately, BNP Paribas downgraded shares of BAE Systems from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, BAE Systems presently has an average rating of “Hold” and a consensus price target of $1,142.00.

BAE Systems Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.