Cresset Asset Management LLC Trims Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Cresset Asset Management LLC trimmed its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 35.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,643 shares of the financial services provider's stock after selling 4,687 shares during the quarter. Cresset Asset Management LLC's holdings in FTAI Aviation were worth $1,245,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its stake in 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 buying an additional 90,905 shares during the period. Harbour Capital Advisors LLC increased its stake in FTAI Aviation by 13.2% in the 4th quarter. Harbour Capital Advisors LLC now owns 7,690 shares of the financial services provider's stock valued at $1,164,000 after buying an additional 895 shares during the period. SeaCrest Wealth Management LLC increased its stake in FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock valued at $944,000 after buying an additional 2,853 shares during the period. Park Avenue Securities LLC increased its stake in FTAI Aviation by 8.5% in the 4th quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider's stock valued at $315,000 after buying an additional 172 shares during the period. Finally, USA Financial Formulas acquired a new position in FTAI Aviation in the 4th quarter valued at $93,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

NYSE:FTAI traded up $0.27 on Friday, reaching $117.98. The stock had a trading volume of 1,514,177 shares, compared to its average volume of 1,787,964. The company has a market cap of $12.10 billion, a price-to-earnings ratio of -1,179.68 and a beta of 1.64. The firm's fifty day moving average is $104.18 and its two-hundred day moving average is $124.39. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64.

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

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 1.02%. FTAI Aviation's payout ratio is 571.43%.

Insider Activity at FTAI Aviation

In other news, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider now directly owns 88,423 shares of the company's stock, valued at $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the stock in a transaction on Friday, May 2nd. The stock was purchased at an average cost of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

FTAI has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research note on Friday, May 2nd. Barclays lowered their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, JMP Securities lowered their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $171.83.

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.