Oppenheimer & Co. Inc. increased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 96.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,349 shares of the financial services provider's stock after purchasing an additional 4,106 shares during the period. Oppenheimer & Co. Inc.'s holdings in FTAI Aviation were worth $1,110,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Foundations Investment Advisors LLC lifted its stake in FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock valued at $352,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. Hsbc Holdings PLC lifted its stake in FTAI Aviation by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock valued at $1,163,000 after acquiring an additional 216 shares in the last quarter. Xponance Inc. lifted its stake in FTAI Aviation by 4.1% in the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider's stock valued at $648,000 after acquiring an additional 248 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in FTAI Aviation by 3.9% in the 3rd quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider's stock valued at $881,000 after acquiring an additional 251 shares in the last quarter. Institutional investors own 88.96% of the company's stock.
FTAI Aviation Trading Up 4.9 %
NYSE FTAI traded up $8.00 during trading hours on Tuesday, hitting $171.02. 1,188,229 shares of the company's stock were exchanged, compared to its average volume of 1,043,876. The stock has a 50-day simple moving average of $140.08 and a 200 day simple moving average of $113.20. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $171.36. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 65.47 and a beta of 2.04.
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 (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm's revenue was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.
FTAI Aviation Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.70%. FTAI Aviation's payout ratio is currently -1,199.88%.
Analyst Upgrades and Downgrades
Several research firms have commented on FTAI. Benchmark boosted their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and boosted their price target for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Jefferies Financial Group boosted their price target on FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.09.
View Our Latest Analysis on FTAI Aviation
FTAI Aviation Company Profile
(
Free Report)
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.
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