AE Wealth Management LLC Buys 13,757 Shares of GE Aerospace (NYSE:GE)

AE Wealth Management LLC grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,426 shares of the company's stock after purchasing an additional 13,757 shares during the period. AE Wealth Management LLC's holdings in GE Aerospace were worth $20,701,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after acquiring an additional 150 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of GE Aerospace by 51.8% during the fourth quarter. American Century Companies Inc. now owns 299,935 shares of the company's stock worth $50,026,000 after acquiring an additional 102,319 shares in the last quarter. Congress Wealth Management LLC DE raised its holdings in shares of GE Aerospace by 7.2% during the fourth quarter. Congress Wealth Management LLC DE now owns 8,826 shares of the company's stock worth $1,472,000 after acquiring an additional 591 shares in the last quarter. Finally, EntryPoint Capital LLC raised its holdings in shares of GE Aerospace by 138.6% during the fourth quarter. EntryPoint Capital LLC now owns 2,691 shares of the company's stock worth $449,000 after acquiring an additional 1,563 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup restated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. UBS Group lifted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Trading Up 1.2%

GE traded up $3.27 during trading on Friday, reaching $271.28. 4,597,132 shares of the company's stock were exchanged, compared to its average volume of 7,770,745. The company's fifty day moving average price is $248.37 and its 200-day moving average price is $215.30. 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 has a fifty-two week low of $150.20 and a fifty-two week high of $272.83. The firm has a market capitalization of $287.67 billion, a PE ratio of 37.84, a P/E/G ratio of 3.11 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last announced 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 company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.53%. GE Aerospace's payout ratio is presently 20.08%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president directly owned 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.21% of the company's stock.

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.