Pathstone Holdings LLC Has $6.70 Million Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Pathstone Holdings LLC decreased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 8.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 50,421 shares of the financial services provider's stock after selling 4,582 shares during the period. Pathstone Holdings LLC's holdings in FTAI Aviation were worth $6,701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of FTAI Aviation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider's stock valued at $608,426,000 after acquiring an additional 533,381 shares in the last quarter. American Century Companies Inc. grew its stake in shares of FTAI Aviation by 1,923.5% in the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider's stock valued at $100,423,000 after buying an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider's stock worth $58,415,000 after buying an additional 813,311 shares during the last quarter. International Assets Investment Management LLC increased its holdings in FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider's stock worth $74,959,000 after buying an additional 560,179 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in FTAI Aviation by 18.7% during the second quarter. Bank of New York Mellon Corp now owns 404,919 shares of the financial services provider's stock valued at $41,800,000 after acquiring an additional 63,737 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI stock traded down $1.25 during trading hours on Friday, hitting $173.71. The company had a trading volume of 1,203,150 shares, compared to its average volume of 1,206,728. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $177.18. The firm's fifty day moving average is $144.37 and its 200 day moving average is $115.34. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 72.30 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The business's revenue was up 60.0% compared to the same quarter last year. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.69%. FTAI Aviation's dividend payout ratio is -1,199.88%.

Analysts Set New Price Targets

Several brokerages have recently commented on FTAI. 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 note on Tuesday, October 22nd. Citigroup raised their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. Jefferies Financial Group boosted their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and upped their price objective for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $162.09.

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.