Todd Asset Management LLC Sells 15,945 Shares of BAE Systems plc (OTCMKTS:BAESY)

Todd Asset Management LLC decreased its holdings in BAE Systems plc (OTCMKTS:BAESY) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,145 shares of the aerospace company’s stock after selling 15,945 shares during the quarter. Todd Asset Management LLC owned about 0.06% of BAE Systems worth $24,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ramirez Asset Management Inc. purchased a new position in shares of BAE Systems in the 3rd quarter valued at approximately $2,710,000. SVB Wealth LLC boosted its holdings in shares of BAE Systems by 13.0% during the 4th quarter. SVB Wealth LLC now owns 4,733 shares of the aerospace company’s stock valued at $274,000 after buying an additional 546 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of BAE Systems in the 4th quarter worth about $18,702,000. Equitable Trust Co. increased its stake in shares of BAE Systems by 20.9% in the 3rd 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. Finally, GAMMA Investing LLC bought a new stake in BAE Systems during the fourth quarter worth about $81,000. Institutional investors own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BAE Systems Price Performance

OTCMKTS BAESY traded up $1.51 on Friday, hitting $68.81. 128,659 shares of the company traded hands, compared to its average volume of 527,042. The business’s 50 day moving average price is $67.15 and its 200-day moving average price is $60.60. BAE Systems plc has a 52-week low of $46.19 and a 52-week high of $70.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97.

BAE Systems Increases Dividend

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

BAE Systems Company 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.