Russell Investments Group Ltd. Sells 23,414 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Russell Investments Group Ltd. lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 323,249 shares of the financial services provider’s stock after selling 23,414 shares during the quarter. Russell Investments Group Ltd.’s holdings in FTAI Aviation were worth $14,999,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. CFM Wealth Partners LLC acquired a new stake in FTAI Aviation in the fourth quarter worth about $4,186,000. Roman Butler Fullerton & Co. grew its position in shares of FTAI Aviation by 98.2% during the 4th quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider’s stock worth $1,246,000 after buying an additional 13,303 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of FTAI Aviation during the third quarter worth approximately $957,000. First Eagle Investment Management LLC boosted its stake in FTAI Aviation by 19.7% in the third quarter. First Eagle Investment Management LLC now owns 302,635 shares of the financial services provider’s stock valued at $10,759,000 after acquiring an additional 49,702 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in FTAI Aviation by 1.3% in the third quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock valued at $299,420,000 after acquiring an additional 110,367 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley upped their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Barclays raised their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Compass Point upped their price target on FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, April 26th. StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Finally, Benchmark reaffirmed a “buy” rating and issued a $100.00 target price on shares of FTAI Aviation in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.95.

FTAI Aviation Stock Performance

Shares of FTAI opened at $78.32 on Friday. The firm has a market cap of $7.85 billion, a P/E ratio of 35.76 and a beta of 1.90. FTAI Aviation Ltd. has a twelve month low of $26.82 and a twelve month high of $79.60. The firm’s 50 day moving average price is $65.46 and its two-hundred day moving average price is $52.27.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.41 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. FTAI Aviation’s dividend payout ratio is currently 54.79%.

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.