Vanguard Group Inc. Increases Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Vanguard Group Inc. grew its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,547,939 shares of the financial services provider's stock after purchasing an additional 184,730 shares during the period. Vanguard Group Inc. owned approximately 10.29% of FTAI Aviation worth $1,519,325,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FTAI. William Blair Investment Management LLC purchased a new stake in shares of FTAI Aviation in the 4th quarter worth about $174,372,000. Franklin Resources Inc. grew its holdings in FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after purchasing an additional 208,613 shares during the period. JPMorgan Chase & Co. increased its stake in shares of FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock valued at $153,474,000 after purchasing an additional 182,252 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of FTAI Aviation by 4,184.5% during the third quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider's stock valued at $15,786,000 after purchasing an additional 121,686 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its position in shares of FTAI Aviation by 1,086.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 100,600 shares of the financial services provider's stock worth $13,370,000 after purchasing an additional 110,800 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

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FTAI Aviation Trading Up 2.3 %

Shares of FTAI stock traded up $2.56 on Tuesday, reaching $113.59. 1,014,193 shares of the company's stock were exchanged, compared to its average volume of 1,646,856. FTAI Aviation Ltd. has a 52 week low of $65.00 and a 52 week high of $181.64. The stock has a market capitalization of $11.65 billion, a PE ratio of -1,135.79 and a beta of 2.06. The company's fifty day simple moving average is $112.20 and its 200 day simple moving average is $133.04.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio is presently -342.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FTAI. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. Compass Point raised their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. BTIG Research boosted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.67.

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.