FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 33.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,077 shares of the financial services provider's stock after selling 20,246 shares during the period. Principal Financial Group Inc.'s holdings in FTAI Aviation were worth $5,917,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation during the 3rd quarter worth $26,000. Anchor Investment Management LLC purchased a new stake in FTAI Aviation during the third quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTAI Aviation during the fourth quarter worth about $36,000. Farther Finance Advisors LLC raised its holdings in shares of FTAI Aviation by 118.1% in 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 during the period. Finally, Blue Trust Inc. acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Down 3.8 %

Shares of FTAI traded down $4.29 during trading on Thursday, reaching $108.84. The company's stock had a trading volume of 936,893 shares, compared to its average volume of 3,735,560. The company has a market cap of $11.16 billion, a price-to-earnings ratio of -1,087.77 and a beta of 2.05. The company has a fifty day moving average of $124.63 and a two-hundred day moving average of $134.62. FTAI Aviation Ltd. has a twelve month low of $54.84 and a twelve month high of $181.64.

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FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.10%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

Wall Street Analyst Weigh In

FTAI has been the topic of several research reports. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Friday, February 28th. BTIG Research lifted their target price 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. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Two 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 MarketBeat, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average target price 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.