Cooper Financial Group Increases Stake in GE Aerospace $GE

Cooper Financial Group boosted its stake in GE Aerospace (NYSE:GE) by 48.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,980 shares of the company’s stock after purchasing an additional 1,292 shares during the period. Cooper Financial Group’s holdings in GE Aerospace were worth $1,024,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock worth $18,115,065,000 after purchasing an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. Invesco Ltd. grew its position in shares of GE Aerospace by 0.6% in the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after buying an additional 54,765 shares during the last quarter. GQG Partners LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of GE Aerospace by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock worth $1,536,387,000 after buying an additional 491,207 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.2%

NYSE GE opened at $301.41 on Thursday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The stock has a market cap of $319.63 billion, a P/E ratio of 42.04, a P/E/G ratio of 3.24 and a beta of 1.49. The stock’s fifty day moving average price is $279.49 and its 200-day moving average price is $242.61. 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) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the firm posted $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, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. 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, September 29th. GE Aerospace’s dividend payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GE shares. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Barclays lifted their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.