Merit Financial Group LLC Has $18.14 Million Stake in GE Aerospace $GE

Key Points

• Merit Financial Group LLC increased its stake in GE Aerospace by 54.6%, owning 70,494 shares worth approximately $18.14 million after purchasing 24,885 additional shares in Q2.
• GE Aerospace reported Q2 earnings of $1.66 per share, exceeding expectations, with revenue of $10.15 billion, representing a 21.2% increase from the previous year.
• The company declared a quarterly dividend of $0.36 per share, representing an annualized dividend of $1.44, with a dividend yield of 0.5% and a payout ratio of 20.08%.

Merit Financial Group LLC lifted its position in GE Aerospace (NYSE:GE - Free Report) by 54.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,494 shares of the company's stock after purchasing an additional 24,885 shares during the quarter. Merit Financial Group LLC's holdings in GE Aerospace were worth $18,144,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GE. IMA Advisory Services Inc. bought a new stake in GE Aerospace in the first quarter valued at $28,000. Copia Wealth Management grew its position in GE Aerospace by 14,200.0% in the first 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. bought a new stake in GE Aerospace in the first quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace in the first quarter valued at $30,000. Finally, First Pacific Financial grew its position in GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of GE stock opened at $297.40 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The stock has a market capitalization of $315.38 billion, a PE ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. The stock's fifty day moving average is $280.65 and its 200-day moving average is $244.21.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The firm's revenue for the quarter 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 expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is 20.08%.

Analyst Ratings Changes

A number of brokerages have weighed in on GE. Citigroup reiterated a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $241.92.

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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