Principal Financial Group Inc. reduced its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 25.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 61,323 shares of the financial services provider's stock after selling 20,504 shares during the period. Principal Financial Group Inc. owned about 0.06% of FTAI Aviation worth $8,150,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of FTAI. Foundations Investment Advisors LLC increased its holdings in shares of 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 acquiring an additional 145 shares during the period. Farther Finance Advisors LLC grew its stake in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after buying an additional 189 shares during the last quarter. Hsbc Holdings PLC grew its stake in FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock worth $1,163,000 after buying an additional 216 shares during the last quarter. Xponance Inc. grew its stake in FTAI Aviation by 4.1% during the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider's stock worth $648,000 after buying an additional 248 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in FTAI Aviation during the 2nd quarter worth $33,000. 88.96% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Benchmark boosted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays boosted their price objective on FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and upped their price target for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $162.09.
Read Our Latest Research Report on FTAI Aviation
FTAI Aviation Trading Down 0.8 %
FTAI Aviation stock traded down $1.38 during midday trading on Wednesday, hitting $169.64. The stock had a trading volume of 519,176 shares, compared to its average volume of 1,041,544. The stock has a market cap of $17.40 billion, a P/E ratio of -1,710.03 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $40.29 and a 12 month high of $173.32. The business has a fifty day moving average price of $141.22 and a 200 day moving average price of $113.86.
FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its 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). The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm's revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.
FTAI Aviation Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,199.88%.
FTAI Aviation Profile
(
Free Report)
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.
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