GE Aerospace $GE Shares Sold by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI has reduced its stake in GE Aerospace by 14.1%, selling 12,433 shares and now holding a total of 75,578 shares worth approximately $19.45 million.
• Analysts are optimistic about GE Aerospace, with several firms issuing "buy" ratings and significantly raising their price targets, suggesting investor confidence in future growth.
• GE Aerospace reported better-than-expected earnings and revenue for the last quarter, with a projected FY 2025 EPS guidance set at 5.600-5.800.

Commerzbank Aktiengesellschaft FI trimmed its position in GE Aerospace (NYSE:GE - Free Report) by 14.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,578 shares of the company's stock after selling 12,433 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in GE Aerospace were worth $19,453,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Ameriflex Group Inc. boosted its position in shares of GE Aerospace by 23.5% during the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock worth $437,000 after acquiring an additional 331 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after purchasing an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new stake in GE Aerospace during the first quarter worth approximately $203,000. Concurrent Investment Advisors LLC raised its holdings in GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC raised its holdings in GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after purchasing an additional 9,580 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a research report on Wednesday. UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Jefferies Financial Group boosted their target price on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Citigroup reissued a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $251.31.

GE Aerospace Trading Down 1.1%

Shares of GE Aerospace stock opened at $299.18 on Friday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company's 50-day simple moving average is $282.99 and its 200-day simple moving average is $246.55. The firm has a market cap of $317.26 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 3.25 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business 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 dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's payout ratio is currently 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.

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