J. Safra Sarasin Holding AG Acquires 2,174 Shares of GE Aerospace $GE

Key Points

• J. Safra Sarasin Holding AG increased its stake in GE Aerospace by 60.0%, acquiring an additional 2,174 shares during the second quarter, bringing its total holdings to 5,800 shares worth $1,493,000.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding analysts' expectations of $1.43, and noted a 21.2% increase in revenue compared to the previous year.
• The company also announced a quarterly dividend of $0.36 per share, with a payout ratio of 20.08%, set to be paid on October 27th.

J. Safra Sarasin Holding AG grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 60.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,800 shares of the company's stock after purchasing an additional 2,174 shares during the quarter. J. Safra Sarasin Holding AG's holdings in GE Aerospace were worth $1,493,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GE. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $28,000. Copia Wealth Management raised its position in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $33,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

NYSE GE opened at $297.40 on Friday. 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 has a 12-month low of $159.36 and a 12-month high of $307.25. The company has a market capitalization of $315.38 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. The firm's 50 day moving average is $280.65 and its 200-day moving average is $243.95.

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, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the company earned $1.20 earnings per share. The firm's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date 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 20.08%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a research note on Saturday, September 27th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Zacks Research lowered shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $241.92.

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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