CreativeOne Wealth LLC Acquires 9,348 Shares of GE Aerospace $GE

Key Points

• CreativeOne Wealth LLC increased its stake in GE Aerospace by 35% in the first quarter, now owning 36,082 shares worth approximately $7.22 million.
• Analysts have raised price targets for GE Aerospace, with UBS Group setting a target of $321.00 and Wells Fargo raising theirs to $38.00, indicating increased bullish sentiment on the stock.
• GE Aerospace reported earnings of $1.66 per share, exceeding estimates, and announced a quarterly dividend of $0.36 per share, reaffirming its financial stability.

CreativeOne Wealth LLC grew its stake in GE Aerospace (NYSE:GE - Free Report) by 35.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,082 shares of the company's stock after buying an additional 9,348 shares during the period. CreativeOne Wealth LLC's holdings in GE Aerospace were worth $7,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Ieq Capital LLC grew its stake in GE Aerospace by 79.9% during the first quarter. Ieq Capital LLC now owns 170,186 shares of the company's stock worth $34,063,000 after purchasing an additional 75,565 shares during the period. Redwood Investment Management LLC acquired a new stake in GE Aerospace during the first quarter worth approximately $297,000. Widmann Financial Services Inc. grew its stake in GE Aerospace by 8.9% during the first quarter. Widmann Financial Services Inc. now owns 2,326 shares of the company's stock worth $466,000 after purchasing an additional 190 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in GE Aerospace by 16.9% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 724,357 shares of the company's stock worth $144,980,000 after purchasing an additional 104,717 shares during the period. Finally, NCM Capital Management LLC grew its stake in GE Aerospace by 5.8% during the first quarter. NCM Capital Management LLC now owns 1,302 shares of the company's stock worth $261,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on GE shares. Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Down 0.3%

GE Aerospace stock traded down $0.89 during trading on Friday, hitting $275.11. 5,037,097 shares of the company were exchanged, compared to its average volume of 4,053,620. The business's 50 day moving average is $263.56 and its 200 day moving average is $228.71. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $281.50. The company has a market capitalization of $291.74 billion, a P/E ratio of 38.37, a PEG ratio of 2.97 and a beta of 1.44. 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 announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

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.