Russell Investments Group Ltd. Sells 23,414 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Russell Investments Group Ltd. lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,249 shares of the financial services provider's stock after selling 23,414 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of FTAI Aviation worth $14,999,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB lifted its position in FTAI Aviation by 27.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 14,000 shares of the financial services provider's stock worth $498,000 after buying an additional 3,000 shares in the last quarter. Xponance Inc. bought a new position in FTAI Aviation in the 3rd quarter valued at approximately $209,000. Bank of New York Mellon Corp boosted its stake in shares of FTAI Aviation by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 372,574 shares of the financial services provider's stock valued at $13,245,000 after purchasing an additional 3,895 shares in the last quarter. Brown Advisory Inc. acquired a new position in FTAI Aviation in the 3rd quarter valued at approximately $754,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in FTAI Aviation by 32.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,823 shares of the financial services provider's stock valued at $705,000 after acquiring an additional 4,903 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

FTAI stock traded up $2.81 during mid-day trading on Friday, reaching $78.32. The company had a trading volume of 1,315,806 shares, compared to its average volume of 1,061,687. The company has a market capitalization of $7.85 billion, a PE ratio of 34.48 and a beta of 1.90. The firm has a 50 day moving average of $65.87 and a 200 day moving average of $52.57. FTAI Aviation Ltd. has a 12 month low of $26.82 and a 12 month high of $79.60.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts anticipate that FTAI Aviation Ltd. will post 1.88 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Friday, May 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation's dividend payout ratio is currently 54.79%.

Analyst Upgrades and Downgrades

FTAI has been the subject of several recent analyst reports. JMP Securities upped their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a "market outperform" rating in a research note on Monday, April 29th. Stifel Nicolaus boosted their price objective on FTAI Aviation from $59.00 to $66.00 and gave the stock a "hold" rating in a research report on Monday, April 29th. Compass Point lifted their target price on FTAI Aviation from $71.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Barclays increased their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Finally, StockNews.com downgraded shares of FTAI Aviation from a "hold" rating to a "sell" rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $68.95.

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.