Allspring Global Investments Holdings LLC Raises Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Allspring Global Investments Holdings LLC grew its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,600 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FTAI Aviation were worth $589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in shares of FTAI Aviation in the second quarter valued at $73,000. BlackRock Inc. purchased a new position in FTAI Aviation during the first quarter worth about $96,000. Dark Forest Capital Management LP purchased a new position in FTAI Aviation during the first quarter worth about $111,000. Cambridge Investment Research Advisors Inc. purchased a new position in FTAI Aviation during the second quarter worth about $207,000. Finally, LPL Financial LLC lifted its position in FTAI Aviation by 20.4% during the fourth quarter. LPL Financial LLC now owns 13,137 shares of the financial services provider’s stock worth $225,000 after buying an additional 2,230 shares during the period. 90.95% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

FTAI stock opened at $39.99 on Friday. FTAI Aviation Ltd. has a 1 year low of $16.00 and a 1 year high of $41.06. The firm has a market cap of $4.01 billion, a P/E ratio of 33.05 and a beta of 1.85. The stock has a 50-day simple moving average of $35.85 and a 200-day simple moving average of $32.68.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. FTAI Aviation’s dividend payout ratio (DPR) is presently 99.17%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FTAI. Barclays increased their target price on FTAI Aviation from $38.00 to $40.00 in a research report on Wednesday, October 4th. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. TheStreet upgraded FTAI Aviation from a “d” rating to a “c+” rating in a research note on Wednesday, October 25th. Compass Point upped their price target on FTAI Aviation from $36.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Finally, JMP Securities upped their price target on FTAI Aviation from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $39.06.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires infrastructure and related 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.