FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in FTAI Aviation Ltd. (NYSE:FTAI) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,547,939 shares of the financial services provider’s stock after purchasing an additional 184,730 shares during the period. Vanguard Group Inc. owned approximately 10.29% of FTAI Aviation worth $1,519,325,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FTAI. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation in the 3rd quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation in the 3rd quarter valued at $31,000. Private Trust Co. NA increased its stake 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 shares of FTAI Aviation during the fourth quarter worth $36,000. Finally, Blue Trust Inc. acquired a new position in FTAI Aviation during the fourth quarter valued at $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 0.5 %

FTAI opened at $114.52 on Friday. The company has a market cap of $11.74 billion, a PE ratio of -1,145.09 and a beta of 2.06. FTAI Aviation Ltd. has a twelve month low of $65.00 and a twelve month high of $181.64. The company has a 50-day moving average price of $111.63 and a 200 day moving average price of $132.94.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. FTAI Aviation’s payout ratio is currently -342.86%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FTAI shares. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Compass Point lifted their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note 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 target price for the company in a report on Friday, January 10th. Finally, Barclays raised their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation 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.