Certior Financial Group LLC Purchases Shares of 1,200 GE Aerospace $GE

Key Points

• Certior Financial Group LLC has invested $240,000 in GE Aerospace by purchasing 1,200 shares, marking a new position for the firm.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, surpassing analysts' expectations, with revenue reaching $10.15 billion.
• The stock is currently trading at around $275.11, with a market capitalization of $291.74 billion and a dividend yield of 0.5% from a quarterly payout of $0.36.

Certior Financial Group LLC bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,200 shares of the company's stock, valued at approximately $240,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after acquiring an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. acquired a new position in GE Aerospace during the first quarter worth $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 worth $3,004,000 after acquiring an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after acquiring an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC raised its position in shares of GE Aerospace by 186.7% during the 1st 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 in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

NYSE:GE traded up $0.16 during trading hours on Tuesday, hitting $275.36. 4,031,363 shares of the company's stock traded hands, compared to its average volume of 5,925,379. The business's fifty day simple moving average is $264.10 and its two-hundred day simple moving average is $229.45. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $281.50. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $292.00 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.96 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Barclays raised their price objective 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. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

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.