Paloma Partners Management Co Acquires New Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Paloma Partners Management Co purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,305 shares of the financial services provider's stock, valued at approximately $439,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its position in FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock valued at $352,000 after buying an additional 145 shares during the last quarter. Farther Finance Advisors LLC boosted its position in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after buying an additional 189 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation in the 3rd quarter valued at about $26,000. KBC Group NV lifted its position in shares of FTAI Aviation by 8.2% during the third quarter. KBC Group NV now owns 2,705 shares of the financial services provider's stock worth $359,000 after purchasing an additional 206 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of FTAI Aviation by 2.0% during the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock worth $1,163,000 after purchasing an additional 216 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI traded down $6.58 during trading hours on Thursday, hitting $158.35. The stock had a trading volume of 786,096 shares, compared to its average volume of 1,039,057. The stock's fifty day simple moving average is $150.41 and its 200 day simple moving average is $120.53. FTAI Aviation Ltd. has a 1-year low of $41.37 and a 1-year high of $177.18. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of -1,583.34 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the business posted $0.33 EPS. FTAI Aviation's revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. FTAI Aviation's dividend payout ratio is presently -1,199.88%.

Analysts Set New Price Targets

FTAI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Barclays increased their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday. Benchmark increased their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and a consensus price target of $166.18.

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.