Ameriprise Financial Inc. Decreases Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Ameriprise Financial Inc. trimmed its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,788,209 shares of the financial services provider's stock after selling 306,475 shares during the quarter. Ameriprise Financial Inc. owned 1.74% of FTAI Aviation worth $257,476,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of FTAI Aviation by 73.5% in the 3rd quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock valued at $28,520,000 after acquiring an additional 90,905 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of FTAI Aviation during the third quarter worth about $478,000. Franklin Resources Inc. increased its stake in shares of FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after buying an additional 208,613 shares during the period. Everence Capital Management Inc. bought a new position in FTAI Aviation in the 4th quarter valued at approximately $203,000. Finally, Diversified Trust Co boosted its position in FTAI Aviation by 79.4% during the 4th quarter. Diversified Trust Co now owns 23,463 shares of the financial services provider's stock worth $3,380,000 after buying an additional 10,383 shares during the period. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays cut their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research report on Thursday. JMP Securities reduced their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday. Royal Bank of Canada dropped their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley decreased their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at $32,318,688.08. This trade represents a 0.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stacy Kuperus bought 1,087 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, the insider now directly owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. This represents a 1.24 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 10,667 shares of company stock worth $1,008,715 over the last quarter. 1.30% of the stock is owned by corporate insiders.

FTAI Aviation Stock Down 2.6 %

Shares of FTAI Aviation stock traded down $2.89 on Friday, hitting $107.12. The stock had a trading volume of 1,839,431 shares, compared to its average volume of 1,775,689. The stock's 50-day simple moving average is $103.06 and its two-hundred day simple moving average is $125.32. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of -1,071.09 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation's quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

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.