31,919 Shares in GE Aerospace $GE Acquired by Arete Wealth Advisors LLC

Key Points

• Arete Wealth Advisors acquired 31,919 GE Aerospace shares during the second quarter, valued at approximately $11.9 million. Institutional investors and hedge funds collectively own 74.77% of the company.
• Wall Street remains broadly positive, with 16 analysts rating GE Aerospace a Buy, two assigning Hold ratings and one issuing a Sell rating. The stock has a consensus “Moderate Buy” rating and an average price target of $390.59.
• GE Aerospace exceeded quarterly expectations, reporting $2.02 in earnings per share and $12.63 billion in revenue, while revenue grew 21.1% year over year. The company also declared a quarterly dividend of $0.47 per share, equal to a 0.5% annualized yield.

Arete Wealth Advisors LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 31,919 shares of the company's stock, valued at approximately $11,929,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blueline Advisors LLC bought a new position in shares of GE Aerospace during the fourth quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $32,000. Paladin Partners LLC acquired a new stake in GE Aerospace during the second quarter worth approximately $38,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in GE Aerospace during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GE. Weiss Ratings raised GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 17th. Sanford C. Bernstein set a $421.00 target price on GE Aerospace and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $400.00 target price (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Seaport Research Partners began coverage on GE Aerospace in a research report on Tuesday, May 26th. They issued a "buy" rating and a $375.00 price target on the stock. Finally, Citigroup reaffirmed a "buy" rating and issued a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $390.59.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares of the company's stock, valued at $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company's stock.

GE Aerospace Stock Performance

NYSE:GE opened at $348.85 on Monday. GE Aerospace has a twelve month low of $266.37 and a twelve month high of $388.84. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock's 50-day simple moving average is $361.10 and its 200 day simple moving average is $326.97. The firm has a market capitalization of $361.95 billion, a PE ratio of 41.09, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm's quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were given a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 22.14%.

About GE Aerospace

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.

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