Baader Bank Aktiengesellschaft Purchases 1,316 Shares of GE Aerospace (NYSE:GE)

Baader Bank Aktiengesellschaft raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,583 shares of the company's stock after purchasing an additional 1,316 shares during the period. Baader Bank Aktiengesellschaft's holdings in GE Aerospace were worth $1,893,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GE. Rainey & Randall Wealth Advisors Inc. acquired a new position in GE Aerospace during the 1st quarter worth about $203,000. Sendero Wealth Management LLC boosted its position in GE Aerospace by 526.6% during the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after acquiring an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after acquiring an additional 8,245 shares during the last quarter. National Bank of Canada FI boosted its position in GE Aerospace by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after acquiring an additional 29,844 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its position in GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after acquiring an additional 9,580 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Down 0.6%

Shares of GE stock traded down $1.59 during mid-day trading on Friday, reaching $269.49. The stock had a trading volume of 4,380,267 shares, compared to its average volume of 6,199,675. The stock's 50-day moving average price is $251.39 and its two-hundred day moving average price is $217.73. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $274.94. The firm has a market capitalization of $285.78 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.94 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is currently 20.08%.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Citigroup reissued a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus target price 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.