Morey & Quinn Wealth Partners LLC Acquires New Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Morey & Quinn Wealth Partners LLC bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,268 shares of the financial services provider's stock, valued at approximately $3,640,000. FTAI Aviation accounts for about 3.1% of Morey & Quinn Wealth Partners LLC's portfolio, making the stock its 6th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation in the third quarter valued at $31,000. Private Trust Co. NA grew its holdings in FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTAI Aviation during the 4th quarter worth $36,000. Finally, Blue Trust Inc. acquired a new position in FTAI Aviation in the 4th quarter worth $56,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Compass Point lifted their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Barclays increased their target price on FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Stifel Nicolaus restated a "hold" rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Finally, StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research note on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $173.67.

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FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded down $2.16 on Friday, reaching $112.36. 1,543,590 shares of the company were exchanged, compared to its average volume of 1,645,892. FTAI Aviation Ltd. has a 1-year low of $65.00 and a 1-year high of $181.64. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of -1,123.49 and a beta of 2.06. The company's 50-day moving average is $111.63 and its two-hundred day moving average is $133.07.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, March 14th. FTAI Aviation's payout ratio is -342.86%.

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.