Parkside Financial Bank & Trust Grows Position in GE Aerospace $GE

Parkside Financial Bank & Trust grew its stake in GE Aerospace (NYSE:GE) by 67.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,170 shares of the company’s stock after buying an additional 3,690 shares during the period. Parkside Financial Bank & Trust’s holdings in GE Aerospace were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC grew its holdings in shares of GE Aerospace by 6.5% during the second quarter. Aviva PLC now owns 808,184 shares of the company’s stock valued at $208,018,000 after buying an additional 49,305 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in GE Aerospace by 178.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 917,601 shares of the company’s stock worth $236,181,000 after acquiring an additional 587,891 shares during the period. Prospera Financial Services Inc grew its stake in GE Aerospace by 26.6% during the 2nd quarter. Prospera Financial Services Inc now owns 40,391 shares of the company’s stock valued at $10,399,000 after purchasing an additional 8,477 shares during the last quarter. RWA Wealth Partners LLC increased its holdings in shares of GE Aerospace by 42.7% in the second quarter. RWA Wealth Partners LLC now owns 31,036 shares of the company’s stock valued at $7,988,000 after purchasing an additional 9,286 shares during the period. Finally, Decker Retirement Planning Inc. raised its stake in shares of GE Aerospace by 7,538.1% in the second quarter. Decker Retirement Planning Inc. now owns 14,436 shares of the company’s stock worth $3,716,000 after purchasing an additional 14,247 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.7%

GE stock opened at $307.28 on Friday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The firm’s fifty day moving average is $296.88 and its 200 day moving average is $264.04. The firm has a market cap of $324.13 billion, a PE ratio of 41.03, a P/E/G ratio of 3.09 and a beta of 1.56.

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

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GE shares. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, TD Cowen lifted their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace 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.