Bank of New York Mellon Corp Decreases Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Bank of New York Mellon Corp cut its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 370,943 shares of the financial services provider’s stock after selling 34,388 shares during the period. Bank of New York Mellon Corp owned about 0.36% of FTAI Aviation worth $53,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation during the 3rd quarter worth about $26,000. Anchor Investment Management LLC purchased a new stake in FTAI Aviation during the 3rd quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTAI Aviation during the 4th quarter worth about $36,000. Farther Finance Advisors LLC lifted its holdings in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the last quarter. Finally, Blue Trust Inc. purchased a new stake in FTAI Aviation during the 4th quarter worth about $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTAI has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, February 28th. Barclays lifted their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Stock Down 1.8 %

Shares of FTAI stock opened at $113.13 on Thursday. The stock has a market capitalization of $11.60 billion, a PE ratio of -1,131.19 and a beta of 2.05. FTAI Aviation Ltd. has a 52-week low of $54.84 and a 52-week high of $181.64. The stock’s 50-day moving average price is $124.63 and its 200 day moving average price is $134.62.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio is presently -342.86%.

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.