Victory Capital Management Inc. decreased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 353,926 shares of the financial services provider's stock after selling 26,281 shares during the quarter. Victory Capital Management Inc. owned about 0.35% of FTAI Aviation worth $50,980,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider's stock valued at $317,202,000 after acquiring an additional 61,897 shares during the last quarter. State Street Corp boosted its holdings in shares of FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider's stock valued at $308,999,000 after acquiring an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider's stock valued at $220,618,000 after acquiring an additional 773,017 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock valued at $153,474,000 after acquiring an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider's stock valued at $139,359,000 after acquiring an additional 95,200 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on FTAI shares. Barclays upped their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a report on Friday, January 10th. Stifel Nicolaus reaffirmed a "hold" rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Finally, StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.67.
View Our Latest Stock Analysis on FTAI
FTAI Aviation Stock Performance
Shares of NYSE FTAI traded down $4.06 during mid-day trading on Friday, reaching $104.22. The company's stock had a trading volume of 2,791,464 shares, compared to its average volume of 3,751,672. The stock has a 50-day moving average of $123.42 and a two-hundred day moving average of $134.35. The stock has a market capitalization of $10.69 billion, a P/E ratio of -1,042.10 and a beta of 2.06. FTAI Aviation Ltd. has a 1-year low of $54.84 and a 1-year high of $181.64.
FTAI Aviation Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is -342.86%.
FTAI Aviation Company 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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