Axxcess Wealth Management LLC Buys Shares of 3,603 FTAI Aviation Ltd. (NYSE:FTAI)

Axxcess Wealth Management LLC acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,603 shares of the financial services provider's stock, valued at approximately $479,000.

A number of other institutional investors have also modified their holdings of FTAI. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation during the second quarter valued at about $33,000. Farther Finance Advisors LLC increased its stake in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of FTAI Aviation in the second quarter worth $59,000. EverSource Wealth Advisors LLC lifted its stake in shares of FTAI Aviation by 165.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider's stock worth $202,000 after buying an additional 1,790 shares during the period. Finally, RiverPark Advisors LLC purchased a new stake in shares of FTAI Aviation during the second quarter valued at $202,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Price Performance

FTAI stock traded down $4.47 during trading on Thursday, hitting $157.65. The stock had a trading volume of 710,204 shares, compared to its average volume of 1,045,286. The company's 50-day moving average price is $137.38 and its two-hundred day moving average price is $111.10. The stock has a market capitalization of $16.11 billion, a P/E ratio of -1,624.14 and a beta of 2.04. FTAI Aviation Ltd. has a twelve month low of $40.29 and a twelve month high of $166.00.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The business had revenue of $465.80 million for the quarter, compared to analysts' expectations of $422.45 million. During the same period in the prior year, the company posted $0.33 EPS. The firm's revenue was up 60.0% on a year-over-year basis. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, November 14th. FTAI Aviation's payout ratio is currently -1,199.88%.

Analyst Ratings Changes

Several research analysts recently issued reports on FTAI shares. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and raised their target price for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Compass Point boosted their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a report on Friday, September 27th. StockNews.com raised FTAI Aviation to a "sell" rating in a report on Friday, August 2nd. Morgan Stanley reissued an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. Finally, Benchmark lifted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, FTAI Aviation presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.09.

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.