Prospera Financial Services Inc Acquires 8,477 Shares of GE Aerospace $GE

Prospera Financial Services Inc boosted its stake in GE Aerospace (NYSE:GE) by 26.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,391 shares of the company’s stock after buying an additional 8,477 shares during the period. Prospera Financial Services Inc’s holdings in GE Aerospace were worth $10,399,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GE. Terril Brothers Inc. raised its position in GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after purchasing an additional 37 shares during the last quarter. Old North State Wealth Management LLC increased its stake in shares of GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after acquiring an additional 39 shares during the last quarter. Stephens Consulting LLC raised its position in shares of GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after acquiring an additional 39 shares during the period. Webster Bank N. A. boosted its stake in GE Aerospace by 2.1% during the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock worth $507,000 after acquiring an additional 41 shares during the last quarter. Finally, Pacific Sage Partners LLC boosted its stake in GE Aerospace by 3.5% during the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock worth $314,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GE. Bank of America increased their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 8th. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Price Performance

Shares of NYSE GE opened at $307.28 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The business has a 50-day moving average of $296.88 and a 200-day moving average of $264.04. The stock has a market capitalization of $324.13 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results 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 firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period last year, the company earned $1.15 earnings per share. The business’s revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

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.