MetLife Investment Management LLC boosted its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,205 shares of the financial services provider's stock after acquiring an additional 3,646 shares during the period. MetLife Investment Management LLC owned 0.06% of FTAI Aviation worth $8,816,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased its stake in FTAI Aviation by 39.7% in 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. increased its stake in FTAI Aviation by 1.8% in 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. Norges Bank bought a new stake in FTAI Aviation in the fourth quarter valued at approximately $183,688,000. William Blair Investment Management LLC bought a new stake in FTAI Aviation in the fourth quarter valued at approximately $174,372,000. Finally, JPMorgan Chase & Co. increased its stake in FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider's stock valued at $153,474,000 after purchasing an additional 182,252 shares in the last quarter. Institutional investors own 88.96% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on FTAI shares. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Stifel Nicolaus reissued a "hold" rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday. Finally, BTIG Research increased their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $172.83.
Read Our Latest Analysis on FTAI Aviation
FTAI Aviation Price Performance
FTAI stock traded up $3.47 during trading hours on Friday, reaching $104.84. The stock had a trading volume of 1,013,822 shares, compared to its average volume of 1,708,076. The stock has a market capitalization of $10.75 billion, a PE ratio of -1,048.30 and a beta of 1.79. The stock has a 50-day simple moving average of $108.21 and a 200 day simple moving average of $128.01. FTAI Aviation Ltd. has a fifty-two week low of $69.93 and a fifty-two week high of $181.64.
FTAI Aviation Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, March 14th. FTAI Aviation's dividend payout ratio is currently -342.86%.
FTAI Aviation Company 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.
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