OVERSEA CHINESE BANKING Corp Ltd Sells 13,852 Shares of GE Aerospace $GE

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in GE Aerospace (NYSE:GE) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,701 shares of the company’s stock after selling 13,852 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in GE Aerospace were worth $20,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bare Financial Services Inc boosted its position in GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 43 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of GE Aerospace in the 3rd quarter worth about $26,000. Lavaca Capital LLC grew its position in GE Aerospace by 1,666.7% during the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Barnes Dennig Private Wealth Management LLC raised its position in GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares during the period. Finally, IMG Wealth Management Inc. raised its position in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group set a $366.00 price objective on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. TD Cowen upped their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Wolfe Research lifted their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $309.44.

GE Aerospace Trading Down 2.4%

GE Aerospace stock opened at $319.29 on Thursday. GE Aerospace has a one year low of $159.36 and a one year high of $332.79. The business’s fifty day moving average is $304.33 and its 200 day moving average is $289.32. The stock has a market capitalization of $336.80 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 2.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

GE Aerospace (NYSE:GE) last announced its 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 net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the business earned $1.15 EPS. The company’s quarterly 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. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is 19.23%.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

GE Aerospace Profile

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.