FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,075 shares of the financial services provider's stock after selling 62,106 shares during the period. Wells Fargo & Company MN owned approximately 0.18% of FTAI Aviation worth $26,658,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in FTAI Aviation during the 3rd quarter valued at about $31,000. Private Trust Co. NA raised its position in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock worth $35,000 after acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation during the fourth quarter worth approximately $36,000. Blue Trust Inc. acquired a new stake in FTAI Aviation in the 4th quarter valued at $56,000. Finally, National Bank of Canada FI purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $65,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of FTAI stock traded down $3.84 during mid-day trading on Wednesday, hitting $91.99. 1,185,875 shares of the stock were exchanged, compared to its average volume of 1,695,278. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of -919.81 and a beta of 1.79. FTAI Aviation Ltd. has a 12-month low of $66.22 and a 12-month high of $181.64. The stock's fifty day simple moving average is $111.33 and its two-hundred day simple moving average is $130.50.

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FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. 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 1.30%. FTAI Aviation's dividend payout ratio is presently -342.86%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FTAI. Stifel Nicolaus restated a "hold" rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. BTIG Research raised their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $172.83.

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.