Norges Bank Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Norges Bank acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,275,255 shares of the financial services provider's stock, valued at approximately $183,688,000. Norges Bank owned approximately 1.24% of FTAI Aviation at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FTAI. Vanguard Group Inc. increased its position in FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after buying an additional 184,730 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider's stock worth $317,202,000 after acquiring an additional 61,897 shares during the last quarter. State Street Corp increased its holdings in shares of FTAI Aviation by 1.7% during the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider's stock valued at $308,999,000 after acquiring an additional 38,279 shares in the last quarter. William Blair Investment Management LLC bought a new position in FTAI Aviation in the 4th quarter worth about $174,372,000. Finally, JPMorgan Chase & Co. grew its position in FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock valued at $153,474,000 after purchasing an additional 182,252 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

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Wall Street Analyst Weigh In

FTAI has been the subject of several recent analyst reports. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Compass Point boosted their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, FTAI Aviation has an average rating of "Moderate Buy" and an average target price of $173.67.

FTAI Aviation Trading Down 15.4 %

FTAI stock traded down $16.02 during midday trading on Friday, reaching $88.32. 4,020,444 shares of the company's stock traded hands, compared to its average volume of 1,665,832. FTAI Aviation Ltd. has a 52-week low of $66.22 and a 52-week high of $181.64. The stock has a market cap of $9.06 billion, a P/E ratio of -883.11 and a beta of 1.78. The stock's 50-day moving average is $112.69 and its 200 day moving average is $132.45.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. FTAI Aviation's dividend payout ratio is currently -342.86%.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.