Principal Financial Group Inc. Has $8.15 Million Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Principal Financial Group Inc. cut its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 25.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,323 shares of the financial services provider’s stock after selling 20,504 shares during the period. Principal Financial Group Inc. owned about 0.06% of FTAI Aviation worth $8,150,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation during the 2nd quarter worth about $33,000. Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 189 shares during the period. Ridgewood Investments LLC acquired a new position in shares of FTAI Aviation in the second quarter worth approximately $59,000. EverSource Wealth Advisors LLC boosted its holdings in FTAI Aviation by 165.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 1,790 shares during the last quarter. Finally, RiverPark Advisors LLC acquired a new stake in FTAI Aviation during the 2nd quarter valued at approximately $202,000. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

FTAI has been the topic of a number of recent analyst reports. Benchmark boosted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. BTIG Research began coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective on the stock. Finally, Compass Point raised their target price on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.09.

FTAI Aviation Stock Up 4.9 %

Shares of FTAI opened at $171.02 on Wednesday. The stock has a market cap of $17.54 billion, a P/E ratio of -1,710.03 and a beta of 2.04. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $171.36. The business’s fifty day moving average is $141.22 and its 200 day moving average is $113.86.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is -1,199.88%.

FTAI Aviation Profile

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.