Cynosure Group LLC Invests $321,000 in FTAI Aviation Ltd. (NYSE:FTAI)

Cynosure Group LLC acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,227 shares of the financial services provider's stock, valued at approximately $321,000.

Several other large investors have also recently modified their holdings of FTAI. Vanguard Group Inc. raised its stake in shares of FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after acquiring an additional 184,730 shares during the last quarter. Geode Capital Management LLC lifted its holdings in FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider's stock worth $317,202,000 after buying an additional 61,897 shares during the period. State Street Corp grew its position in shares of FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider's stock worth $308,999,000 after buying an additional 38,279 shares during the last quarter. Norges Bank purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $183,688,000. Finally, William Blair Investment Management LLC purchased a new stake in FTAI Aviation in the fourth quarter worth $174,372,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

Shares of FTAI traded up $5.40 on Tuesday, hitting $95.53. 630,151 shares of the stock traded hands, compared to its average volume of 1,668,268. FTAI Aviation Ltd. has a one year low of $66.22 and a one year high of $181.64. The company has a market capitalization of $9.80 billion, a PE ratio of -958.40 and a beta of 1.79. The business has a 50 day simple moving average of $112.66 and a 200 day simple moving average of $132.25.

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FTAI Aviation Announces Dividend

The firm 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's payout ratio is -342.86%.

Analysts Set New Price Targets

Several research analysts have commented on FTAI shares. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Finally, StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and an average price target of $173.67.

FTAI Aviation 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.