22,672 Shares in GE Aerospace $GE Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new stake in GE Aerospace (NYSE:GE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 22,672 shares of the company’s stock, valued at approximately $8,473,000.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Vanguard Group Inc. raised its position in GE Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock valued at $28,564,097,000 after purchasing an additional 699,364 shares during the last quarter. Auto Owners Insurance Co grew its holdings in shares of GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after purchasing an additional 65,595,733 shares during the last quarter. State Street Corp grew its holdings in shares of GE Aerospace by 1.5% during the fourth quarter. State Street Corp now owns 45,240,802 shares of the company’s stock worth $13,951,570,000 after purchasing an additional 663,160 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of GE Aerospace by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock valued at $7,615,200,000 after buying an additional 312,880 shares during the period. Finally, Norges Bank acquired a new position in shares of GE Aerospace in the fourth quarter valued at approximately $4,444,736,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of several recent research reports. President Capital cut their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley dropped their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, UBS Group lifted their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $390.59.

GE Aerospace Trading Up 0.2%

Shares of GE stock opened at $368.98 on Tuesday. GE Aerospace has a 1-year low of $263.80 and a 1-year high of $388.84. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The stock has a market cap of $382.84 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 2.69 and a beta of 1.36. The stock has a 50-day moving average of $358.93 and a 200-day moving average of $325.43.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities research analysts forecast that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 22.14%.

GE Aerospace Company 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.