Charles Schwab Investment Management Inc. lifted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,042,325 shares of the financial services provider's stock after purchasing an additional 71,904 shares during the period. Charles Schwab Investment Management Inc. owned 1.04% of FTAI Aviation worth $48,364,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of FTAI. Victory Capital Management Inc. raised its stake in FTAI Aviation by 14.2% during the fourth quarter. Victory Capital Management Inc. now owns 271,347 shares of the financial services provider's stock worth $12,591,000 after buying an additional 33,712 shares during the last quarter. CFM Wealth Partners LLC bought a new position in FTAI Aviation during the fourth quarter worth $4,186,000. Roman Butler Fullerton & Co. increased its stake in FTAI Aviation by 98.2% in the fourth quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider's stock valued at $1,246,000 after purchasing an additional 13,303 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in FTAI Aviation in the third quarter valued at $957,000. Finally, First Eagle Investment Management LLC increased its stake in FTAI Aviation by 19.7% in the third quarter. First Eagle Investment Management LLC now owns 302,635 shares of the financial services provider's stock valued at $10,759,000 after purchasing an additional 49,702 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.
FTAI Aviation Stock Down 0.6 %
FTAI Aviation stock traded down $0.46 during midday trading on Friday, hitting $78.24. 1,636,964 shares of the stock were exchanged, compared to its average volume of 957,197. FTAI Aviation Ltd. has a 52-week low of $27.29 and a 52-week high of $81.40. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 35.73 and a beta of 1.90. The business's 50-day moving average price is $70.08 and its 200-day moving average price is $55.75.
FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million during the quarter, compared to analysts' expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm's revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 1.88 earnings per share for the current fiscal year.
FTAI Aviation Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, May 9th. FTAI Aviation's payout ratio is 54.79%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. Compass Point lifted their price target on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, April 26th. JMP Securities lifted their price target on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a "market outperform" rating in a research note on Monday, April 29th. Benchmark reissued a "buy" rating and set a $100.00 target price on shares of FTAI Aviation in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada started coverage on shares of FTAI Aviation in a research report on Friday, May 3rd. They set an "outperform" rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and a consensus target price of $68.95.
Get Our Latest Research Report on FTAI Aviation
About FTAI Aviation
(
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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