XTX Topco Ltd Increases Stock Holdings in GE Aerospace (NYSE:GE)

XTX Topco Ltd lifted its position in shares of GE Aerospace (NYSE:GE) by 1,574.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,165 shares of the company’s stock after purchasing an additional 52,810 shares during the period. GE Aerospace accounts for approximately 0.6% of XTX Topco Ltd’s investment portfolio, making the stock its 5th biggest holding. XTX Topco Ltd’s holdings in GE Aerospace were worth $11,241,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GE. GAMMA Investing LLC grew its position in GE Aerospace by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock worth $1,013,959,000 after buying an additional 5,044,632 shares in the last quarter. Janus Henderson Group PLC grew its position in GE Aerospace by 87.7% during the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company’s stock worth $597,412,000 after buying an additional 1,673,365 shares in the last quarter. Invesco Ltd. grew its position in GE Aerospace by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company’s stock worth $1,591,970,000 after buying an additional 1,204,910 shares in the last quarter. FMR LLC grew its position in GE Aerospace by 1.5% during the fourth quarter. FMR LLC now owns 66,823,968 shares of the company’s stock worth $11,145,570,000 after buying an additional 965,012 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in GE Aerospace by 32.1% during the fourth quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company’s stock worth $576,034,000 after buying an additional 838,954 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.4%

Shares of NYSE:GE opened at $270.58 on Tuesday. The firm has a market cap of $286.93 billion, a P/E ratio of 37.74, a P/E/G ratio of 3.11 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $273.44. The business has a fifty day simple moving average of $249.09 and a 200 day simple moving average of $216.28.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion during 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%. GE Aerospace’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.53%. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GE. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.92.

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.