GE Aerospace $GE Shares Purchased by Banco Santander S.A.

Banco Santander S.A. increased its stake in shares of GE Aerospace (NYSE:GE) by 624.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,017 shares of the company’s stock after acquiring an additional 89,666 shares during the period. Banco Santander S.A.’s holdings in GE Aerospace were worth $26,773,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the first quarter worth about $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the first quarter worth about $29,000. IMG Wealth Management Inc. grew its holdings in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace in the first quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in GE Aerospace in the first quarter valued at approximately $33,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the topic of several research analyst reports. Sanford C. Bernstein raised their price objective on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, UBS Group set a $366.00 price objective on GE Aerospace and gave the company a “buy” rating in a report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.27.

GE Aerospace Stock Performance

NYSE GE opened at $303.97 on Monday. The company has a market cap of $320.63 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. The stock’s 50 day simple moving average is $289.19 and its 200-day simple moving average is $255.82. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.53. 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 released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

About GE Aerospace

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.