International Assets Investment Management LLC Cuts Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

International Assets Investment Management LLC cut its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 99.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,553 shares of the financial services provider's stock after selling 561,475 shares during the period. International Assets Investment Management LLC's holdings in FTAI Aviation were worth $369,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation during the third quarter worth about $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC increased its holdings in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after purchasing an additional 189 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of FTAI Aviation in the third quarter worth approximately $200,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of FTAI Aviation in the fourth quarter worth approximately $203,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

NYSE FTAI traded up $5.24 on Friday, hitting $174.02. The stock had a trading volume of 2,509,020 shares, compared to its average volume of 1,826,686. The firm has a 50-day moving average of $151.83 and a 200-day moving average of $131.63. The company has a market capitalization of $17.85 billion, a price-to-earnings ratio of -1,740.03 and a beta of 2.09. FTAI Aviation Ltd. has a 52-week low of $46.88 and a 52-week high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter last year, the company posted $0.33 earnings per share. The firm's revenue for the quarter was up 60.0% on a year-over-year basis. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.69%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,200.00%.

Wall Street Analyst Weigh In

FTAI has been the subject of several recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Morgan Stanley reiterated an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a research report on Friday. Compass Point upped their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Finally, Citigroup lifted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $177.33.

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.