SVB Wealth LLC Purchases New Holdings in GE Aerospace $GE

SVB Wealth LLC acquired a new position in shares of GE Aerospace (NYSE:GE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,284 shares of the company’s stock, valued at approximately $1,360,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Bare Financial Services Inc raised its stake in GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 43 shares during the period. IMG Wealth Management Inc. raised its position in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares during the period. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace in the first quarter valued at about $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth about $30,000. Finally, Kilter Group LLC acquired a new position in GE Aerospace in the 2nd quarter valued at about $40,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

GE Aerospace Stock Up 1.2%

Shares of NYSE:GE opened at $287.33 on Tuesday. The company has a market capitalization of $303.08 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.40. The company has a fifty day moving average of $300.39 and a 200-day moving average of $277.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the business posted $1.15 earnings per share. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GE. BNP Paribas upgraded GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, TD Cowen upped their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.31.

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.