FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 229.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,207 shares of the financial services provider's stock after purchasing an additional 264,971 shares during the quarter. Victory Capital Management Inc. owned 0.37% of FTAI Aviation worth $50,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in FTAI Aviation in the 3rd quarter worth about $260,000. Vantage Investment Partners LLC purchased a new position in shares of FTAI Aviation during the third quarter worth approximately $32,769,000. WCM Investment Management LLC increased its position in shares of FTAI Aviation by 0.6% during the third quarter. WCM Investment Management LLC now owns 321,887 shares of the financial services provider's stock worth $41,700,000 after acquiring an additional 2,071 shares during the period. Versor Investments LP purchased a new position in shares of FTAI Aviation during the third quarter worth approximately $286,000. Finally, Lisanti Capital Growth LLC increased its position in shares of FTAI Aviation by 1.3% during the third quarter. Lisanti Capital Growth LLC now owns 74,825 shares of the financial services provider's stock worth $9,944,000 after acquiring an additional 930 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FTAI shares. Benchmark raised their target price 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. BTIG Research started coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a "buy" rating and a $140.00 target price on the stock. Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. Jefferies Financial Group increased their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Finally, Compass Point increased their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research note on Friday, September 27th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.09.

FTAI Aviation Stock Down 0.3 %

Shares of NYSE FTAI traded down $0.47 during trading on Friday, hitting $157.18. The company had a trading volume of 266,484 shares, compared to its average volume of 1,041,716. The stock has a fifty day simple moving average of $138.16 and a two-hundred day simple moving average of $111.42. FTAI Aviation Ltd. has a fifty-two week low of $40.29 and a fifty-two week high of $166.00. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 67.12 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its earnings results 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). The company had revenue of $465.80 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.33 EPS. On average, analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

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.