ProShare Advisors LLC Increases Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

ProShare Advisors LLC boosted its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 49.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,608 shares of the financial services provider's stock after buying an additional 9,413 shares during the quarter. ProShare Advisors LLC's holdings in FTAI Aviation were worth $4,121,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Capital International Investors boosted its stake in shares of FTAI Aviation by 39.7% during the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FTAI Aviation by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after purchasing an additional 184,730 shares in the last quarter. Hood River Capital Management LLC boosted its stake in shares of FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after purchasing an additional 153,909 shares in the last quarter. Norges Bank acquired a new stake in shares of FTAI Aviation during the fourth quarter valued at about $183,688,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter valued at about $174,372,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FTAI shares. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Barclays lowered their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Morgan Stanley lowered their price objective 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. Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Finally, JMP Securities lowered their target price on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. One 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Trading Up 1.5%

Shares of NYSE:FTAI traded up $1.65 during mid-day trading on Friday, hitting $114.58. 1,205,371 shares of the company traded hands, compared to its average volume of 1,796,196. The stock has a market cap of $11.75 billion, a P/E ratio of -1,145.69 and a beta of 1.64. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The stock has a 50-day moving average price of $105.49 and a two-hundred day moving average price of $123.38.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (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%. The firm's revenue was up 53.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. As a group, analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.05%. FTAI Aviation's payout ratio is 571.43%.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 6,580 shares of the business's stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the transaction, the chief operating officer now owns 231,623 shares in the company, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stacy Kuperus acquired 1,087 shares of the business's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the transaction, the insider now owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,667 shares of company stock valued at $1,008,715 over the last 90 days. Insiders own 1.30% of the company's stock.

About FTAI Aviation

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.