Osaic Holdings Inc. Has $81.01 Million Stock Holdings in GE Aerospace $GE

Osaic Holdings Inc. grew its stake in shares of GE Aerospace (NYSE:GE) by 29.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 327,047 shares of the company’s stock after acquiring an additional 73,509 shares during the quarter. Osaic Holdings Inc.’s holdings in GE Aerospace were worth $81,014,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Ameriflex Group Inc. lifted its holdings in shares of GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after acquiring an additional 331 shares during the last quarter. Smartleaf Asset Management LLC increased its position in GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after purchasing an additional 1,201 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in GE Aerospace by 1.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock valued at $41,101,000 after purchasing an additional 2,779 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in GE Aerospace by 7.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock valued at $46,876,000 after buying an additional 11,873 shares in the last quarter. Finally, Vigilare Wealth Management acquired a new stake in GE Aerospace in the second quarter valued at approximately $627,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Citigroup assumed coverage on GE Aerospace in a research report on Thursday. They set a “buy” rating and a $386.00 price objective on the stock. Bank of America upped their target price on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Wolfe Research lifted their price target on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace Stock Up 0.6%

Shares of GE opened at $301.48 on Tuesday. The stock’s 50-day moving average price is $299.62 and its two-hundred day moving average price is $278.88. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a market capitalization of $318.00 billion, a PE ratio of 40.25, a PEG ratio of 2.31 and a beta of 1.40. 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 (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The company had revenue of $11.31 billion during 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 firm’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the company earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Insider Activity

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

GE Aerospace 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.