Hsbc Holdings PLC Reduces Position in GE Aerospace $GE

Hsbc Holdings PLC decreased its stake in shares of GE Aerospace (NYSE:GE) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,907,599 shares of the company’s stock after selling 118,062 shares during the quarter. Hsbc Holdings PLC owned about 0.18% of GE Aerospace worth $588,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of GE Aerospace in the fourth quarter worth $248,000. Worthington Financial Partners LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at $354,000. Bayban purchased a new stake in shares of GE Aerospace during the fourth quarter valued at $44,000. Taylor Securities Services Inc. acquired a new position in shares of GE Aerospace in the 4th quarter valued at $239,000. Finally, Pure Financial Advisors LLC increased its position in shares of GE Aerospace by 17.5% in the 4th quarter. Pure Financial Advisors LLC now owns 5,076 shares of the company’s stock valued at $1,564,000 after acquiring an additional 755 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. TD Cowen dropped their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Daiwa Securities Group initiated coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective on the stock. Weiss Ratings cut GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Stock Up 0.3%

NYSE:GE opened at $358.77 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The company’s fifty day moving average price is $309.71 and its 200-day moving average price is $309.38. GE Aerospace has a 1-year low of $236.51 and a 1-year high of $364.70. The firm has a market capitalization of $374.32 billion, a P/E ratio of 44.18, a PEG ratio of 3.17 and a beta of 1.37.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 7.48 EPS for the current year.

About GE Aerospace

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.