JSF Financial LLC Takes Position in GE Aerospace $GE

Key Points

• JSF Financial LLC has acquired a new stake in GE Aerospace valued at approximately $241,000, purchasing 935 shares in the second quarter.
• Several large investors, including Vanguard Group and Price T Rowe Associates, have also increased their holdings in GE Aerospace, with institutional investors owning 74.77% of the stock.
• Analysts have raised their price targets for GE Aerospace, with UBS Group increasing its target from $300.00 to $321.00, while the company has set its FY 2025 EPS guidance at 5.600-5.800.

JSF Financial LLC purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 935 shares of the company's stock, valued at approximately $241,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock worth $18,115,065,000 after acquiring an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Invesco Ltd. raised its holdings in GE Aerospace by 0.6% during the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock worth $1,921,344,000 after purchasing an additional 54,765 shares in the last quarter. GQG Partners LLC bought a new stake in GE Aerospace during the first quarter worth approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of GE Aerospace by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company's stock valued at $1,536,387,000 after purchasing an additional 491,207 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GE has been the topic of several research analyst reports. UBS Group lifted their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Jefferies Financial Group upped their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Zacks Research downgraded shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

GE Aerospace Price Performance

NYSE GE opened at $297.40 on Friday. The stock's 50-day moving average price is $280.65 and its two-hundred day moving average price is $244.21. 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 $315.38 billion, a PE ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. The business 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 quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid 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 yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

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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