FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 41.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,892 shares of the financial services provider's stock after selling 102,439 shares during the period. Russell Investments Group Ltd. owned about 0.14% of FTAI Aviation worth $20,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Anchor Investment Management LLC purchased a new position in FTAI Aviation during the third quarter worth approximately $31,000. Private Trust Co. NA raised its position in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation during the fourth quarter valued at $36,000. Blue Trust Inc. purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $56,000. Finally, National Bank of Canada FI acquired a new position in shares of FTAI Aviation during the 4th quarter worth about $65,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 0.4 %

Shares of NYSE FTAI traded down $0.35 during mid-day trading on Tuesday, reaching $98.72. The company had a trading volume of 312,167 shares, compared to its average volume of 1,689,520. FTAI Aviation Ltd. has a 52-week low of $66.22 and a 52-week high of $181.64. The stock has a market cap of $10.12 billion, a P/E ratio of -985.88 and a beta of 1.79. The firm has a 50 day simple moving average of $111.79 and a two-hundred day simple moving average of $130.74.

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FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.22%. FTAI Aviation's dividend payout ratio is presently -342.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on FTAI shares. BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a report on Friday, January 10th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $172.83.

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.