Citizens Financial Group Inc. RI Increases Stock Position in GE Aerospace $GE

Citizens Financial Group Inc. RI grew its holdings in GE Aerospace (NYSE:GE) by 59.5% during the 3rd quarter, Holdings Channel reports. The firm owned 18,978 shares of the company’s stock after buying an additional 7,078 shares during the period. Citizens Financial Group Inc. RI’s holdings in GE Aerospace were worth $5,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bare Financial Services Inc increased its position in GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after buying an additional 43 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of GE Aerospace during the third quarter valued at $26,000. Lavaca Capital LLC increased its position in GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its stake in GE Aerospace by 147.2% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares during the last quarter. Finally, IMG Wealth Management Inc. raised its stake in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of GE Aerospace in a report on Thursday, December 11th. They set a “buy” rating and a $386.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Susquehanna assumed coverage on GE Aerospace in a report on Thursday, December 4th. They issued a “positive” rating and a $350.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, BNP Paribas raised GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $309.94.

GE Aerospace Stock Performance

NYSE:GE opened at $324.18 on Tuesday. The company has a market cap of $341.95 billion, a P/E ratio of 43.28, a P/E/G ratio of 2.20 and a beta of 1.40. The firm’s 50 day moving average is $303.59 and its two-hundred day moving average is $288.60. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $332.79. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 29th. This represents a $1.44 annualized dividend and a yield of 0.4%. GE Aerospace’s dividend payout ratio is currently 19.23%.

Insider Activity at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.