Alliancebernstein L.P. Has $227.87 Million Holdings in GE Aerospace $GE

Key Points

• Alliancebernstein L.P. reduced its stake in GE Aerospace by 0.7%, now owning approximately 1,138,504 shares valued at $227.87 million.
• Several institutional investors have significantly increased their positions, including GQG Partners with a new investment of $1.6 billion and GAMMA Investing raising its stake by over 23,600%.
• Analysts have mixed sentiments on the stock, with Northcoast Research downgrading it to "neutral," while Citigroup and Barclays raised their price targets significantly, indicating a consensus rating of "Moderate Buy."

Alliancebernstein L.P. decreased its holdings in GE Aerospace (NYSE:GE - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,138,504 shares of the company's stock after selling 7,768 shares during the period. Alliancebernstein L.P. owned about 0.11% of GE Aerospace worth $227,872,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GE. Brighton Jones LLC increased its holdings in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after purchasing an additional 150 shares during the period. Benjamin Edwards Inc. grew its stake in shares of GE Aerospace by 17.6% in the 4th quarter. Benjamin Edwards Inc. now owns 18,111 shares of the company's stock valued at $3,021,000 after buying an additional 2,708 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at approximately $655,000. Finally, Captrust Financial Advisors grew its stake in shares of GE Aerospace by 6.5% in the 4th quarter. Captrust Financial Advisors now owns 71,594 shares of the company's stock valued at $11,941,000 after buying an additional 4,350 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

GE has been the subject of several recent research reports. Citigroup reissued a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Royal Bank Of Canada boosted their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Wells Fargo & Company boosted their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Performance

GE Aerospace stock traded down $2.62 during trading hours on Friday, reaching $279.65. 4,950,277 shares of the company were exchanged, compared to its average volume of 4,005,729. The firm has a market cap of $296.55 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 3.00 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average of $266.25 and a 200 day moving average of $231.21. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $284.41.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio is 20.08%.

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.