Vontobel Holding Ltd. Raises Stake in GE Aerospace $GE

Vontobel Holding Ltd. boosted its stake in GE Aerospace (NYSE:GE) by 255.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,752 shares of the company’s stock after acquiring an additional 76,724 shares during the quarter. Vontobel Holding Ltd.’s holdings in GE Aerospace were worth $27,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Maryland State Retirement & Pension System boosted its holdings in GE Aerospace by 1.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 51,112 shares of the company’s stock worth $13,156,000 after acquiring an additional 778 shares during the period. Optas LLC boosted its holdings in GE Aerospace by 7.8% in the 2nd quarter. Optas LLC now owns 8,433 shares of the company’s stock worth $2,171,000 after acquiring an additional 610 shares during the period. Clear Creek Financial Management LLC boosted its holdings in GE Aerospace by 49.0% in the 2nd quarter. Clear Creek Financial Management LLC now owns 3,515 shares of the company’s stock worth $905,000 after acquiring an additional 1,156 shares during the period. Ignite Planners LLC boosted its holdings in GE Aerospace by 12.5% in the 2nd quarter. Ignite Planners LLC now owns 4,159 shares of the company’s stock worth $1,095,000 after acquiring an additional 463 shares during the period. Finally, Morton Capital Management LLC CA purchased a new position in GE Aerospace in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of recent analyst reports. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada upped their target price on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.31.

GE Aerospace Stock Performance

GE stock opened at $299.18 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market cap of $317.26 billion, a P/E ratio of 41.73, a P/E/G ratio of 3.25 and a beta of 1.49. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The stock’s 50 day simple moving average is $282.99 and its 200 day simple moving average is $246.55.

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

GE Aerospace Announces Dividend

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

GE Aerospace 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.