CIBC Asset Management Inc purchased a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,242 shares of the financial services provider's stock, valued at approximately $431,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC increased its holdings in shares of FTAI Aviation by 5.8% in the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock valued at $352,000 after purchasing an additional 145 shares during the period. Farther Finance Advisors LLC raised its position in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after acquiring an additional 189 shares in the last quarter. KBC Group NV raised its position in FTAI Aviation by 8.2% in the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock worth $359,000 after acquiring an additional 206 shares in the last quarter. Hsbc Holdings PLC raised its position in FTAI Aviation by 2.0% in the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock worth $1,163,000 after acquiring an additional 216 shares in the last quarter. Finally, Xponance Inc. raised its position in FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider's stock worth $648,000 after acquiring an additional 248 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
FTAI has been the topic of several research reports. Benchmark upped their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays upped their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and increased their price objective for the company from $69.00 to $132.00 in a research note on Friday, July 26th. StockNews.com raised FTAI Aviation to a "sell" rating in a research note on Friday, August 2nd. Finally, Compass Point increased their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $162.09.
Get Our Latest Stock Analysis on FTAI
FTAI Aviation Stock Down 0.9 %
Shares of FTAI traded down $1.50 during mid-day trading on Friday, hitting $173.46. The stock had a trading volume of 492,966 shares, compared to its average volume of 1,041,169. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $176.78. The company has a market cap of $17.79 billion, a PE ratio of -1,749.60 and a beta of 2.04. The company's fifty day simple moving average is $143.40 and its two-hundred day simple moving average is $114.68.
FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company's revenue for the quarter was up 60.0% compared to the same quarter last year. Equities analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.
FTAI Aviation Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, November 14th. FTAI Aviation's dividend payout ratio is presently -1,200.00%.
About FTAI Aviation
(
Free Report)
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.
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