JSF Financial LLC Buys Shares of 935 GE Aerospace $GE

JSF Financial LLC bought a new stake in shares of GE Aerospace (NYSE:GE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 935 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock worth $18,115,065,000 after buying an additional 692,124 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares during the last quarter. Invesco Ltd. increased its stake in shares of GE Aerospace by 0.6% in the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after acquiring an additional 54,765 shares during the last quarter. GQG Partners LLC purchased a new position in GE Aerospace in the first quarter valued at about $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in GE Aerospace by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock valued at $1,536,387,000 after purchasing an additional 491,207 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Down 0.7%

NYSE:GE opened at $297.40 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The firm has a market cap of $315.38 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 3.20 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $280.65 and its 200-day moving average is $244.21.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business posted $1.20 EPS. GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is currently 20.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GE. UBS Group lifted their price target on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.92.

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.