Banco Bilbao Vizcaya Argentaria S.A. Has $5.33 Million Position in GE Aerospace $GE

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has reduced its stake in GE Aerospace by 44.3% during the first quarter, now holding 26,653 shares valued at approximately $5.33 million.
• GE Aerospace reported earnings per share (EPS) of $1.66 for the last quarter, exceeding analyst expectations of $1.43, with revenues increasing 21.2% year-over-year to $10.15 billion.
• Wall Street analysts are optimistic about GE Aerospace with a consensus rating of "Moderate Buy", and various price targets have been upgraded, now reaching as high as $300.

Banco Bilbao Vizcaya Argentaria S.A. cut its position in GE Aerospace (NYSE:GE - Free Report) by 44.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,653 shares of the company's stock after selling 21,239 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in GE Aerospace were worth $5,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GE. Putney Financial Group LLC acquired a new position in GE Aerospace during the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management increased its position in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. First Pacific Financial increased its position in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace during the 1st quarter worth approximately $33,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.4%

Shares of NYSE GE opened at $266.9230 on Thursday. 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 52-week low of $159.36 and a 52-week high of $281.50. The firm has a 50 day moving average price of $258.69 and a two-hundred day moving average price of $225.50. The stock has a market cap of $283.06 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 2.86 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 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 company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm posted $1.20 EPS. The company's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research analyst reports. Citigroup reiterated a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company upped their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Ten 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 a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.