Citizens Financial Group Inc. RI Purchases New Shares in GE Aerospace $GE

Citizens Financial Group Inc. RI acquired a new stake in GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,672 shares of the company's stock, valued at approximately $8,473,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new position in shares of GE Aerospace in the fourth quarter valued at about $25,000. Ankerstar Wealth LLC acquired a new stake in GE Aerospace in the 4th quarter worth about $31,000. Paladin Partners LLC bought a new stake in GE Aerospace in the 2nd quarter valued at about $38,000. Tucker Asset Management LLC bought a new stake in GE Aerospace in the 4th quarter valued at about $32,000. Finally, Burkett Financial Services LLC grew its position in shares of GE Aerospace by 28.9% during the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company's stock worth $47,000 after purchasing an additional 28 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $368.98 on Tuesday. The company has a 50 day moving average of $358.93 and a 200-day moving average of $325.43. GE Aerospace has a 1-year low of $263.80 and a 1-year high of $388.84. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The company has a market cap of $382.84 billion, a PE ratio of 43.46, a price-to-earnings-growth ratio of 2.69 and a beta of 1.36.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.16. The business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities research analysts forecast that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace's dividend payout ratio (DPR) is currently 22.14%.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of analyst reports. BNP Paribas Exane dropped their price target on shares of GE Aerospace from $300.00 to $270.00 and set an "underperform" rating for the company in a research report on Thursday, May 14th. Seaport Research Partners started coverage on GE Aerospace in a research report on Tuesday, May 26th. They set a "buy" rating and a $375.00 price target on the stock. Weiss Ratings upgraded GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $450.00 target price on shares of GE Aerospace in a research report on Monday, July 27th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $390.59.

GE Aerospace Profile

GE Aerospace NYSE: GE is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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