Mid American Wealth Advisory Group Inc. bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,021 shares of the financial services provider's stock, valued at approximately $348,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FTAI. Cannon Global Investment Management LLC raised its holdings in shares of FTAI Aviation by 116.7% during the second quarter. Cannon Global Investment Management LLC now owns 6,500 shares of the financial services provider's stock valued at $748,000 after purchasing an additional 3,500 shares during the period. Praxis Investment Management Inc. increased its position in FTAI Aviation by 45.6% in the 2nd quarter. Praxis Investment Management Inc. now owns 4,090 shares of the financial services provider's stock valued at $471,000 after buying an additional 1,280 shares in the last quarter. WCM Investment Management LLC raised its stake in FTAI Aviation by 6.9% during the 2nd quarter. WCM Investment Management LLC now owns 258,801 shares of the financial services provider's stock worth $30,694,000 after buying an additional 16,718 shares during the period. Harbour Investments Inc. raised its stake in FTAI Aviation by 948.8% during the 2nd quarter. Harbour Investments Inc. now owns 9,733 shares of the financial services provider's stock worth $1,120,000 after buying an additional 8,805 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in FTAI Aviation by 3.1% in the second quarter. Sequoia Financial Advisors LLC now owns 19,252 shares of the financial services provider's stock worth $2,215,000 after acquiring an additional 583 shares in the last quarter. 88.96% of the stock is owned by institutional investors.
FTAI Aviation Price Performance
NASDAQ FTAI opened at $176.91 on Tuesday. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $184.44. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 43.79 and a beta of 1.70. The company has a fifty day moving average price of $162.60 and a 200-day moving average price of $131.51.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same period last year, the firm earned ($2.26) earnings per share. The firm's revenue was up 52.4% on a year-over-year basis. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is presently 29.70%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on FTAI. Morgan Stanley upped their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Barclays boosted their price target on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FTAI Aviation in a research note on Wednesday, October 8th. BTIG Research reiterated a "buy" rating and set a $230.00 price objective on shares of FTAI Aviation in a report on Monday. Finally, JMP Securities upped their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, FTAI Aviation has an average rating of "Buy" and an average target price of $201.25.
Check Out Our Latest Stock Analysis on FTAI Aviation
FTAI Aviation Profile
(
Free Report)
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.
Further Reading

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