Nations Financial Group Inc. IA ADV Purchases 5,332 Shares of GE Aerospace $GE

Key Points

• Nations Financial Group Inc. IA ADV increased its stake in GE Aerospace by 210.9% in Q1, owning 7,860 shares worth approximately $1.57 million.
• GE Aerospace's recent earnings exceeded expectations, reporting $1.66 earnings per share against a consensus estimate of $1.43 and revenue of $10.15 billion.
• The company declared a quarterly dividend of $0.36 per share, which represents an annualized yield of 0.5%.

Nations Financial Group Inc. IA ADV lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 210.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,860 shares of the company's stock after buying an additional 5,332 shares during the period. Nations Financial Group Inc. IA ADV's holdings in GE Aerospace were worth $1,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Putney Financial Group LLC purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the first quarter valued at approximately $28,000. Copia Wealth Management lifted its stake 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 purchasing an additional 142 shares during the last quarter. First Pacific Financial lifted its stake 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 purchasing an additional 52 shares during the last quarter. Finally, O Brien Wealth Partners LLC purchased a new position in GE Aerospace in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GE shares. Barclays upped their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada boosted their target price 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. 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. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded down $3.3840 during trading on Tuesday, hitting $265.0660. The stock had a trading volume of 2,495,119 shares, compared to its average volume of 6,032,966. The firm has a market cap of $281.09 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 2.88 and a beta of 1.44. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $281.50. The business's 50-day moving average is $257.78 and its 200 day moving average is $224.93. 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 released its quarterly 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 firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio is presently 20.08%.

About GE Aerospace

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.