CIBC Private Wealth Group LLC Trims Position in FTAI Aviation Ltd. (NYSE:FTAI)

CIBC Private Wealth Group LLC cut its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,724,591 shares of the financial services provider's stock after selling 76,072 shares during the quarter. FTAI Aviation comprises about 1.0% of CIBC Private Wealth Group LLC's holdings, making the stock its 15th largest position. CIBC Private Wealth Group LLC owned 3.63% of FTAI Aviation worth $536,490,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in 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 boosted its stake in 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 buying an additional 105 shares during the period. MML Investors Services LLC grew its position in FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock worth $288,000 after buying an additional 129 shares in the last quarter. CIBC Asset Management Inc increased its stake 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 worth $488,000 after acquiring an additional 147 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of FTAI Aviation by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock valued at $346,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

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FTAI Aviation Stock Down 11.4 %

Shares of FTAI Aviation stock traded down $13.18 on Thursday, hitting $102.76. The stock had a trading volume of 1,644,796 shares, compared to its average volume of 1,648,451. FTAI Aviation Ltd. has a one year low of $66.22 and a one year high of $181.64. The stock's 50-day simple moving average is $112.68 and its two-hundred day simple moving average is $132.92. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of -1,027.50 and a beta of 1.78.

FTAI Aviation Dividend Announcement

The company also recently disclosed 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 1.17%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is -342.86%.

Analysts Set New Price Targets

FTAI has been the subject of several recent analyst reports. Compass Point boosted their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Barclays increased their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.67.

About FTAI Aviation

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.