First Citizens Bank & Trust 13F: Adds $4.5M to GE Stake

First Citizens Bank & Trust recently boosted its position in GE Aerospace (NYSE:GE) by 120%. According to its latest Form 13F filing with the SEC, the bank added 14,521 shares, bringing its total holdings to 26,614 shares valued at approximately $8.31 million. This filing reflects holdings as of the reporting period and may not represent the bank's current position.

What Changed in First Citizens Bank & Trust's GE Aerospace Position

First Citizens Bank & Trust significantly increased its investment in GE Aerospace during the reporting period. The bank added 14,521 shares, raising its total holdings to 26,614 shares, which marks a 120% increase from its previous count of 12,093 shares. The reported value of this stake is about $8.31 million.

GE Aerospace Stock Up 2.5%

Shares of GE Aerospace traded near their previous close of $307.02 last Friday. The company, with a market capitalization of approximately $323.7 billion, has a P/E ratio of 36.79 and a forward P/E of 34.24. GE Aerospace's stock has fluctuated between $268.91 and $388.84 over the past 52 weeks, and it has a beta of 1.374, indicating its volatility compared to the market. The stock's 50-day moving average stands at $331.65, while the 200-day moving average is $323.82.

Recent Earnings

GE Aerospace reported revenue of about $50.64 billion, with a growth rate of 21.1%. The company achieved a net margin of 17.72% and a return on equity of 48.23%. Earnings per share were $8.48. Investors are looking forward to the next earnings report scheduled for October 20, 2026.

Dividend

GE Aerospace offers a dividend yield of 0.6%, with a payout ratio of 19.58%. This indicates the portion of earnings the company returns to shareholders in dividends.

About GE Aerospace

GE Aerospace, a segment of General Electric Company, is a major player in the aerospace and defense industry. Headquartered in Evendale, Ohio, the company designs and manufactures aircraft engines and systems for both commercial and defense markets. GE Aerospace operates in several regions, including the United States, Europe, Asia, and the Middle East. Under the leadership of CEO Mr. H. Lawrence Culp Jr., the company employs around 57,000 people.

Bottom Line

First Citizens Bank & Trust's move to significantly increase its stake in GE Aerospace reflects confidence in the company's prospects. Investors often track such institutional filings to gauge market sentiment. It's important to remember that 13F filings are backward-looking and may not represent the current position of the bank.