GE Aerospace $GE Stake Boosted by UMB Bank n.a.

Key Points

• UMB Bank n.a. significantly increased its stake in GE Aerospace by 535.4%, acquiring 49,823 additional shares and holding a total value of $15.22 million as of the last SEC filing.
• GE Aerospace reported $1.66 earnings per share for the last quarter, surpassing analysts' expectations of $1.43 and showing a 21.2% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.36 per share, with an annualized dividend yield of 0.5%, set to be paid on October 27th.

UMB Bank n.a. lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 535.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 59,128 shares of the company's stock after acquiring an additional 49,823 shares during the period. UMB Bank n.a.'s holdings in GE Aerospace were worth $15,219,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after purchasing an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace in the first quarter valued at about $203,000. Sendero Wealth Management LLC raised its position in shares of GE Aerospace by 526.6% during the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after purchasing an additional 12,613 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after purchasing an additional 8,245 shares during the period. Finally, Global Assets Advisory LLC boosted its stake in shares of GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after acquiring an additional 9,580 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GE shares. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. 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. Barclays raised their price objective 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. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Trading Up 1.5%

GE Aerospace stock traded up $4.53 during mid-day trading on Friday, hitting $301.62. The company's stock had a trading volume of 9,629,752 shares, compared to its average volume of 4,173,121. The stock has a market cap of $319.85 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. The business has a 50 day moving average price of $273.62 and a 200-day moving average price of $237.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $303.03.

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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business 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 firm earned $1.20 earnings per share. The company's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders 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 yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is 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.