1,653 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Purchased by Amundi

Amundi acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,653 shares of the financial services provider’s stock, valued at approximately $238,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC lifted its stake in FTAI Aviation by 2.9% in the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 102 shares during the period. Merit Financial Group LLC lifted its position in shares of FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock valued at $613,000 after buying an additional 105 shares during the last quarter. MML Investors Services LLC lifted its position in shares of FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after buying an additional 129 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of FTAI Aviation by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after buying an additional 147 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock valued at $346,000 after buying an additional 161 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 0.5 %

Shares of NYSE:FTAI opened at $107.23 on Friday. FTAI Aviation Ltd. has a twelve month low of $64.04 and a twelve month high of $181.64. The company’s 50 day moving average is $113.51 and its 200 day moving average is $133.00. The company has a market cap of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.12%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Wall Street Analyst Weigh In

FTAI has been the subject of several analyst reports. Compass Point increased their price target 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. Barclays increased their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. BTIG Research increased their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Stifel Nicolaus reissued a “hold” rating and set a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Finally, Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Two research 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’s stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

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.