J. Safra Sarasin Holding AG Purchases 2,174 Shares of GE Aerospace $GE

J. Safra Sarasin Holding AG lifted its position in GE Aerospace (NYSE:GE) by 60.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,800 shares of the company’s stock after acquiring an additional 2,174 shares during the period. J. Safra Sarasin Holding AG’s holdings in GE Aerospace were worth $1,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. GQG Partners LLC bought a new position in shares of GE Aerospace in the first quarter valued at $1,606,840,000. Nuveen LLC bought a new position in shares of GE Aerospace in the first quarter valued at $777,075,000. Amundi grew its stake in shares of GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of GE Aerospace by 7,406.4% in the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after buying an additional 1,196,060 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on GE shares. Jefferies Financial Group lifted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.92.

GE Aerospace Trading Down 0.7%

Shares of GE Aerospace stock opened at $297.40 on Friday. The firm has a 50-day moving average of $280.65 and a 200-day moving average of $243.95. The stock has a market cap of $315.38 billion, a PE ratio of 41.48, a PEG ratio of 3.22 and a beta of 1.49. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during 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%. GE Aerospace’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business 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 forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors 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 yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is 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.