IFP Advisors Inc Has $3.12 Million Stake in GE Aerospace $GE

IFP Advisors Inc decreased its holdings in shares of GE Aerospace (NYSE:GE) by 17.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,128 shares of the company’s stock after selling 2,514 shares during the quarter. IFP Advisors Inc’s holdings in GE Aerospace were worth $3,122,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 2.5%

GE Aerospace stock opened at $291.96 on Friday. The stock has a market capitalization of $309.61 billion, a PE ratio of 40.72, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. 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 has a 50 day moving average of $283.44 and a 200-day moving average of $247.10.

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

GE Aerospace Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis 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%.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Jefferies Financial Group boosted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Citigroup restated a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays boosted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $251.31.

About GE Aerospace

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.