Cibc World Markets Corp Invests $1.37 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Cibc World Markets Corp bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,506 shares of the financial services provider's stock, valued at approximately $1,369,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FTAI. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation during the third quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation in the 3rd quarter worth $31,000. Private Trust Co. NA boosted its holdings in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTAI Aviation during the fourth quarter worth about $36,000. Finally, Blue Trust Inc. purchased a new position in FTAI Aviation during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

NYSE:FTAI traded down $2.94 during trading hours on Wednesday, reaching $114.00. 2,123,907 shares of the company traded hands, compared to its average volume of 1,604,506. The firm's 50-day moving average is $111.79 and its 200-day moving average is $133.20. The stock has a market cap of $11.69 billion, a P/E ratio of -1,139.89 and a beta of 2.06. FTAI Aviation Ltd. has a 1-year low of $65.00 and a 1-year high of $181.64.

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FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.05%. FTAI Aviation's dividend payout ratio (DPR) is -342.86%.

Analyst Ratings Changes

FTAI has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a "hold" rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Barclays lifted their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada restated an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Two investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $173.67.

FTAI Aviation Company 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.