US Bancorp DE Trims Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

US Bancorp DE lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,249 shares of the financial services provider’s stock after selling 1,617 shares during the period. US Bancorp DE’s holdings in FTAI Aviation were worth $1,044,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after purchasing an additional 61,897 shares during the period. State Street Corp boosted its stake in FTAI Aviation by 1.7% during the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after buying an additional 38,279 shares during the period. Westfield Capital Management Co. LP boosted its stake in FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares during the period. JPMorgan Chase & Co. grew its position in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after buying an additional 182,252 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after acquiring an additional 95,200 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FTAI shares. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, February 28th. Wolfe Research upgraded 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 report on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Compass Point raised their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. 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 3.7 %

FTAI Aviation stock opened at $104.22 on Monday. The firm has a fifty day simple moving average of $123.42 and a two-hundred day simple moving average of $134.46. FTAI Aviation Ltd. has a twelve month low of $54.84 and a twelve month high of $181.64. The company has a market capitalization of $10.69 billion, a PE ratio of -1,042.10 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. FTAI Aviation’s dividend payout ratio (DPR) is currently -342.86%.

FTAI Aviation Company 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.