Charles Schwab Investment Management Inc. Purchases 35,888 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Charles Schwab Investment Management Inc. lifted its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,047,572 shares of the financial services provider's stock after purchasing an additional 35,888 shares during the period. Charles Schwab Investment Management Inc. owned 1.02% of FTAI Aviation worth $139,222,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its stake in shares of FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider's stock valued at $1,110,000 after buying an additional 4,106 shares during the period. Concurrent Investment Advisors LLC bought a new position in FTAI Aviation in the 3rd quarter worth $498,000. Diversified Trust Co purchased a new stake in shares of FTAI Aviation in the 3rd quarter worth about $1,738,000. Price T Rowe Associates Inc. MD boosted its stake in shares of FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider's stock valued at $58,415,000 after purchasing an additional 813,311 shares in the last quarter. Finally, Carnegie Investment Counsel bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $532,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Trading Down 3.1 %

NYSE:FTAI traded down $5.45 on Monday, reaching $168.26. 1,175,266 shares of the stock traded hands, compared to its average volume of 1,043,478. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of -1,756.92 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $177.18. The company's fifty day simple moving average is $144.37 and its 200 day simple moving average is $115.87.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share 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 206.25%. The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period last year, the business earned $0.33 EPS. FTAI Aviation's revenue was up 60.0% on a year-over-year basis. Equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation's dividend payout ratio is currently -1,199.88%.

Analyst Upgrades and Downgrades

Several analysts have commented on FTAI shares. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Friday, August 2nd. Compass Point upped their price target on FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. Finally, Jefferies Financial Group boosted their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.09.

About FTAI Aviation

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.