Oppenheimer & Co. Inc. Sells 4,028 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Oppenheimer & Co. Inc. lessened its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 48.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,321 shares of the financial services provider's stock after selling 4,028 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in FTAI Aviation were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTAI. Sara Bay Financial purchased a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $547,000. Concurrent Investment Advisors LLC acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $498,000. Ibex Wealth Advisors purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at $3,518,000. Luxor Capital Group LP purchased a new stake in shares of FTAI Aviation in the 3rd quarter valued at $1,298,000. Finally, Rhumbline Advisers increased its holdings in FTAI Aviation by 2.2% during the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock worth $20,464,000 after purchasing an additional 3,121 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 10th. Compass Point raised their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Barclays raised their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Friday, February 28th. 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. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of "Moderate Buy" and an average target price of $173.67.

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FTAI Aviation Stock Performance

NYSE FTAI traded down $4.06 during trading on Friday, reaching $104.22. 2,791,464 shares of the company traded hands, compared to its average volume of 3,751,672. FTAI Aviation Ltd. has a 1-year low of $54.84 and a 1-year high of $181.64. The stock's 50 day moving average price is $123.42 and its two-hundred day moving average price is $134.46. The company has a market cap of $10.69 billion, a price-to-earnings ratio of -1,042.10 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.15%. FTAI Aviation's dividend payout ratio is currently -342.86%.

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.