Virtu Financial LLC Acquires Shares of 2,973 FTAI Aviation Ltd. (NYSE:FTAI)

Virtu Financial LLC bought a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,973 shares of the financial services provider's stock, valued at approximately $428,000.

Several other institutional investors have also added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation in the third quarter worth about $26,000. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation in the 3rd quarter worth approximately $31,000. Private Trust Co. NA increased its position in FTAI Aviation by 221.1% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTAI Aviation in the fourth quarter worth approximately $36,000. Finally, Blue Trust Inc. purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on FTAI. Stifel Nicolaus reaffirmed a "hold" rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Barclays raised their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Compass Point increased their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average price target of $173.67.

Remove Ads

FTAI Aviation Stock Performance

FTAI traded down $2.16 during trading on Friday, hitting $112.36. 1,543,590 shares of the stock were exchanged, compared to its average volume of 1,645,892. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of -1,123.49 and a beta of 2.06. The firm has a 50 day simple moving average of $111.63 and a 200 day simple moving average of $133.19. FTAI Aviation Ltd. has a 1 year low of $65.00 and a 1 year high of $181.64.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. FTAI Aviation's dividend payout ratio is currently -342.86%.

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.