JPMorgan Chase & Co. Sells 647,408 Shares of AerCap Holdings (NYSE:AER)

JPMorgan Chase & Co. lowered its holdings in shares of AerCap Holdings (NYSE:AER - Free Report) by 36.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,115,604 shares of the financial services provider's stock after selling 647,408 shares during the period. JPMorgan Chase & Co. owned about 0.56% of AerCap worth $105,670,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its position in AerCap by 59.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,875 shares of the financial services provider's stock valued at $1,686,000 after purchasing an additional 6,654 shares during the last quarter. DGS Capital Management LLC increased its stake in shares of AerCap by 39.0% in the third quarter. DGS Capital Management LLC now owns 11,252 shares of the financial services provider's stock valued at $1,066,000 after buying an additional 3,159 shares during the period. Franklin Resources Inc. raised its holdings in AerCap by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider's stock valued at $545,726,000 after buying an additional 282,980 shares during the last quarter. Synovus Financial Corp acquired a new stake in AerCap during the 3rd quarter worth approximately $3,141,000. Finally, Tidal Investments LLC grew its holdings in AerCap by 271.8% during the 3rd quarter. Tidal Investments LLC now owns 8,496 shares of the financial services provider's stock worth $805,000 after acquiring an additional 6,211 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AER has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a "buy" rating and set a $119.00 target price on shares of AerCap in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AerCap from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

AerCap Stock Performance

NYSE:AER traded up $0.67 during trading hours on Thursday, reaching $96.37. The stock had a trading volume of 501,814 shares, compared to its average volume of 1,382,891. The stock has a market cap of $19.07 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 2.17 and a beta of 1.82. AerCap Holdings has a 12-month low of $70.48 and a 12-month high of $100.81. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day simple moving average of $96.14 and a 200 day simple moving average of $94.77.

AerCap (NYSE:AER - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting analysts' consensus estimates of $2.41. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. AerCap's revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 EPS. On average, research analysts forecast that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 13th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. AerCap's dividend payout ratio is 7.92%.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.