Franklin Resources Inc. Has $63.51 Million Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Franklin Resources Inc. grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 440,909 shares of the financial services provider's stock after acquiring an additional 29,433 shares during the quarter. Franklin Resources Inc. owned 0.43% of FTAI Aviation worth $63,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FTAI. Orion Portfolio Solutions LLC boosted its holdings in FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock valued at $483,000 after purchasing an additional 102 shares during the period. Merit Financial Group LLC increased its position in shares of FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock valued at $613,000 after purchasing an additional 105 shares during the period. MML Investors Services LLC lifted its position in FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock worth $288,000 after purchasing an additional 129 shares during the period. CIBC Asset Management Inc increased its holdings in FTAI Aviation by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock valued at $488,000 after buying an additional 147 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of FTAI Aviation by 7.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock worth $346,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

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FTAI Aviation Trading Up 6.7 %

Shares of FTAI traded up $6.01 during trading hours on Tuesday, hitting $96.14. 523,479 shares of the stock traded hands, compared to its average volume of 3,063,211. The business has a fifty day moving average of $112.66 and a 200-day moving average of $132.25. The firm has a market capitalization of $9.86 billion, a PE ratio of -961.83 and a beta of 1.79. FTAI Aviation Ltd. has a 1-year low of $66.22 and a 1-year high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FTAI. 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 report on Friday, January 10th. BTIG Research increased their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. Compass Point lifted their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.