Commonwealth Equity Services LLC Has $443,000 Position in FTAI Aviation Ltd. (NYSE:FTAI)

Commonwealth Equity Services LLC trimmed its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 62.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,077 shares of the financial services provider's stock after selling 5,114 shares during the period. Commonwealth Equity Services LLC's holdings in FTAI Aviation were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FTAI. Franklin Resources Inc. raised its holdings in FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after acquiring an additional 208,613 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock worth $153,474,000 after purchasing an additional 182,252 shares during the period. Barclays PLC raised its stake in FTAI Aviation by 73.5% in the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock valued at $28,520,000 after purchasing an additional 90,905 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in FTAI Aviation during the fourth quarter worth about $12,540,000. Finally, Harbor Capital Advisors Inc. grew its stake in FTAI Aviation by 148.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider's stock worth $16,717,000 after buying an additional 69,260 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

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FTAI Aviation Trading Down 11.5 %

FTAI traded down $12.52 during trading on Thursday, reaching $96.43. 1,972,150 shares of the company's stock were exchanged, compared to its average volume of 1,690,944. The stock has a market capitalization of $9.89 billion, a PE ratio of -964.20 and a beta of 1.79. The firm has a fifty day moving average price of $112.36 and a two-hundred day moving average price of $131.14. FTAI Aviation Ltd. has a one year low of $66.22 and a one year high of $181.64.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, March 14th. FTAI Aviation's payout ratio is presently -342.86%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. BTIG Research raised their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. 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 note on Friday, January 10th. Finally, Stifel Nicolaus reissued a "hold" rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $173.67.

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.