Ameriprise Financial Inc. Has $267.35 Million Stock Holdings in GE Aerospace $GE

Ameriprise Financial Inc. boosted its position in shares of GE Aerospace (NYSE:GE) by 0.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,335,492 shares of the company’s stock after purchasing an additional 11,460 shares during the quarter. Ameriprise Financial Inc.’s holdings in GE Aerospace were worth $267,347,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in GE Aerospace during the 4th quarter worth $28,000. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management lifted its holdings in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares in the last quarter. First Pacific Financial lifted its stake in shares of GE Aerospace by 46.0% in the 1st 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 period. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Citigroup reissued a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $266.7680 on Friday. The company has a market capitalization of $282.89 billion, a PE ratio of 37.21, a PEG ratio of 2.89 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 company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $259.88 and its 200 day simple moving average is $226.39.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS 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 return on equity of 31.32% and a net margin of 18.64%.The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is presently 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.