Chicago Partners Investment Group LLC Acquires 1,576 Shares of GE Aerospace $GE

Key Points

• Chicago Partners Investment Group LLC increased its holdings in GE Aerospace by 9.4%, acquiring an additional 1,576 shares during the 2nd quarter, bringing their total to 18,336 shares valued at approximately $4.8 million.
• GE Aerospace reported earnings per share of $1.66 for the last quarter, exceeding analysts' expectations of $1.43, with revenue rising to $10.15 billion, a 21.2% increase year-over-year.
• The company announced a quarterly dividend of $0.36 per share, with the ex-dividend date set for September 29th, translating to an annualized yield of 0.5%.

Chicago Partners Investment Group LLC increased its holdings in GE Aerospace (NYSE:GE - Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,336 shares of the company's stock after acquiring an additional 1,576 shares during the quarter. Chicago Partners Investment Group LLC's holdings in GE Aerospace were worth $4,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GE. Brighton Jones LLC increased its stake 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 worth $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in GE Aerospace by 7.1% during 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 in the last quarter. GAMMA Investing LLC increased its stake in GE Aerospace by 18.5% during the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company's stock valued at $5,066,000 after purchasing an additional 3,946 shares in the last quarter. Advisor Resource Council bought a new stake in GE Aerospace during the 1st quarter valued at about $549,000. Finally, Appleton Partners Inc. MA increased its stake in GE Aerospace by 14.7% during the 1st quarter. Appleton Partners Inc. MA now owns 4,269 shares of the company's stock valued at $855,000 after purchasing an additional 547 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

GE opened at $300.60 on Monday. 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 company has a market cap of $318.77 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 3.23 and a beta of 1.49. The company's 50 day moving average is $286.07 and its 200 day moving average is $251.22. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $10.15 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. On average, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

A number of research firms have weighed in on GE. Wolfe Research raised their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. TD Cowen raised their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, October 7th. 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 note on Wednesday, July 23rd. Sanford C. Bernstein lifted their price target on shares of GE Aerospace from $343.00 to $374.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 15th. Finally, The Goldman Sachs Group lifted their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $276.31.

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.

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