Russell Investments Group Ltd. Purchases 20,880 Shares of FTAI Aviation Ltd. $FTAI

Key Points

• Russell Investments Group Ltd. increased its stake in FTAI Aviation Ltd. by 14.5%, acquiring an additional 20,880 shares, bringing its total ownership to approximately 164,772 shares valued at $18.3 million.
• FTAI Aviation reported earnings of $1.57 per share for the last quarter, exceeding analysts' expectations, with a year-over-year revenue growth of 52.4%.
• The company declared a quarterly dividend of $0.30 per share, representing an annualized dividend of $1.20 and a yield of 0.8%.

Russell Investments Group Ltd. boosted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 14.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,772 shares of the financial services provider's stock after buying an additional 20,880 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of FTAI Aviation worth $18,306,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Amalgamated Bank grew its stake in FTAI Aviation by 3.5% in the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after buying an additional 120 shares during the last quarter. Scotia Capital Inc. grew its stake in FTAI Aviation by 0.5% in the 1st quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock valued at $2,823,000 after buying an additional 122 shares during the last quarter. AE Wealth Management LLC grew its stake in FTAI Aviation by 6.3% in the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after buying an additional 145 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation in the 4th quarter valued at $26,000. Finally, Versant Capital Management Inc grew its stake in FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FTAI shares. Barclays lowered their target price 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. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. JMP Securities increased their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Royal Bank Of Canada increased their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of "Buy" and a consensus price target of $179.50.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAI traded up $5.20 during midday trading on Thursday, reaching $145.60. 847,370 shares of the company's stock were exchanged, compared to its average volume of 2,266,019. The company's 50 day simple moving average is $125.19 and its two-hundred day simple moving average is $116.00. The firm has a market capitalization of $14.93 billion, a PE ratio of 36.04 and a beta of 1.61. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same period last year, the firm posted ($2.26) EPS. The firm's quarterly revenue was up 52.4% on a year-over-year basis. On average, research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

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.