T. Rowe Price Investment Management Inc. Decreases Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

T. Rowe Price Investment Management Inc. lessened its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 738,609 shares of the financial services provider's stock after selling 432,110 shares during the period. T. Rowe Price Investment Management Inc. owned 0.72% of FTAI Aviation worth $106,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC purchased a new position in shares of FTAI Aviation during the 4th quarter worth $29,000. Anchor Investment Management LLC purchased a new stake in FTAI Aviation in the third quarter valued at $31,000. Private Trust Co. NA raised its holdings in FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after buying an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $36,000. Finally, Blue Trust Inc. acquired a new position in FTAI Aviation during the fourth quarter worth $56,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 3.2 %

NYSE FTAI traded up $3.38 during trading hours on Monday, hitting $108.22. 1,161,894 shares of the stock were exchanged, compared to its average volume of 1,705,892. FTAI Aviation Ltd. has a 12-month low of $69.93 and a 12-month high of $181.64. The stock has a 50-day moving average of $108.21 and a 200 day moving average of $128.01. The company has a market cap of $11.10 billion, a price-to-earnings ratio of -1,082.09 and a beta of 1.79.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's dividend payout ratio is presently -342.86%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FTAI. StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Morgan Stanley cut their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, BTIG Research increased their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $172.83.

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.