FNY Investment Advisers LLC Invests $1.29 Million in GE Aerospace $GE

FNY Investment Advisers LLC purchased a new position in shares of GE Aerospace (NYSE:GE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $1,286,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. raised its position in shares of GE Aerospace by 8.1% during the 2nd quarter. D.A. Davidson & CO. now owns 39,017 shares of the company’s stock worth $10,043,000 after purchasing an additional 2,907 shares during the period. Cullen Frost Bankers Inc. increased its position in GE Aerospace by 3.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 96,516 shares of the company’s stock valued at $24,842,000 after acquiring an additional 2,865 shares during the period. Dupree Financial Group LLC increased its position in GE Aerospace by 2.4% in the 2nd quarter. Dupree Financial Group LLC now owns 1,928 shares of the company’s stock valued at $496,000 after acquiring an additional 45 shares during the period. IMG Wealth Management Inc. increased its position 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 acquiring an additional 59 shares during the period. Finally, Advantage Trust Co acquired a new stake in GE Aerospace in the 2nd quarter valued at approximately $77,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. TD Cowen lifted their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $281.27.

GE Aerospace Stock Up 1.3%

Shares of GE stock opened at $306.47 on Wednesday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.53. The stock has a market cap of $324.99 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 3.26 and a beta of 1.49. The business’s fifty day moving average is $287.16 and its 200-day moving average is $252.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. 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 dividend payout ratio (DPR) is 20.08%.

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.