Sei Investments Co. Buys 21,084 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Sei Investments Co. grew its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,092 shares of the financial services provider's stock after purchasing an additional 21,084 shares during the quarter. Sei Investments Co. owned about 0.08% of FTAI Aviation worth $11,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FTAI. William Blair Investment Management LLC acquired a new position in FTAI Aviation in the fourth quarter valued at about $174,372,000. Franklin Resources Inc. raised its position in shares of 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 during the period. JPMorgan Chase & Co. boosted its stake in FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock worth $153,474,000 after acquiring an additional 182,252 shares during the last quarter. Polar Asset Management Partners Inc. grew its holdings in FTAI Aviation by 1,086.3% during the third quarter. Polar Asset Management Partners Inc. now owns 100,600 shares of the financial services provider's stock valued at $13,370,000 after purchasing an additional 110,800 shares during the period. Finally, Watchtower Advisors LP increased its stake in FTAI Aviation by 185.3% in the third quarter. Watchtower Advisors LP now owns 155,000 shares of the financial services provider's stock valued at $20,600,000 after purchasing an additional 100,674 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have recently issued reports on FTAI. BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. StockNews.com raised FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. Stifel Nicolaus restated a "hold" rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Royal Bank of Canada reiterated an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, Barclays increased their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and a consensus target price of $173.67.

FTAI Aviation Stock Down 10.0 %

FTAI traded down $11.60 during trading hours on Thursday, hitting $104.34. 3,548,056 shares of the company's stock were exchanged, compared to its average volume of 1,657,360. The stock's 50-day moving average is $112.74 and its two-hundred day moving average is $132.72. FTAI Aviation Ltd. has a 1-year low of $66.22 and a 1-year high of $181.64. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of -1,043.30 and a beta of 1.78.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Friday, March 14th. FTAI Aviation's payout ratio is -342.86%.

FTAI Aviation Company 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.