Raiffeisen Bank International AG Raises Holdings in GE Aerospace $GE

Raiffeisen Bank International AG grew its stake in shares of GE Aerospace (NYSE:GE) by 9.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,804 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Raiffeisen Bank International AG’s holdings in GE Aerospace were worth $952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Symphony Financial Ltd. Co. purchased a new position in shares of GE Aerospace in the second quarter worth $45,032,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of GE Aerospace by 12.9% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 624,308 shares of the company’s stock valued at $160,691,000 after acquiring an additional 71,253 shares during the period. Westpac Banking Corp raised its stake in GE Aerospace by 31.9% in the 2nd quarter. Westpac Banking Corp now owns 29,359 shares of the company’s stock worth $7,557,000 after acquiring an additional 7,104 shares during the last quarter. Mar Vista Investment Partners LLC purchased a new position in GE Aerospace in the 2nd quarter worth $30,216,000. Finally, Western Wealth Management LLC lifted its position in GE Aerospace by 5.1% during the 2nd quarter. Western Wealth Management LLC now owns 14,041 shares of the company’s stock worth $3,614,000 after acquiring an additional 684 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 1.3%

Shares of NYSE:GE opened at $296.13 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The business has a 50 day moving average of $300.80 and a two-hundred day moving average of $270.17. The company has a market capitalization of $312.36 billion, a PE ratio of 39.54, a PEG ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter last year, the company earned $1.15 EPS. The business’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts forecast 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 was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 19.23%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GE shares. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Bank of America upped their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

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.