Assetmark Inc. Invests $127,000 in FTAI Aviation Ltd. (NYSE:FTAI)

Assetmark Inc. acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 881 shares of the financial services provider’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation in the third quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation in the third quarter valued at approximately $31,000. Private Trust Co. NA grew its holdings in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC grew its holdings 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 valued at $46,000 after acquiring an additional 189 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTAI has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $104.31 on Friday. The stock has a market cap of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06. FTAI Aviation Ltd. has a fifty-two week low of $57.73 and a fifty-two week high of $181.64. The stock has a fifty day moving average of $119.45 and a 200-day moving average of $133.63.

FTAI Aviation Dividend Announcement

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