Allspring Global Investments Holdings LLC Buys 1,958 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Allspring Global Investments Holdings LLC grew its holdings in FTAI Aviation Ltd. (NYSE:FTAIFree Report) by 10.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,942 shares of the financial services provider’s stock after acquiring an additional 1,958 shares during the period. Allspring Global Investments Holdings LLC’s holdings in FTAI Aviation were worth $1,342,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in FTAI Aviation by 14.2% in the fourth quarter. Victory Capital Management Inc. now owns 271,347 shares of the financial services provider’s stock worth $12,591,000 after acquiring an additional 33,712 shares during the period. Principal Financial Group Inc. raised its position in FTAI Aviation by 107.6% in the fourth quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock worth $4,552,000 after acquiring an additional 50,834 shares during the period. CFM Wealth Partners LLC bought a new position in FTAI Aviation in the fourth quarter worth approximately $4,186,000. Roman Butler Fullerton & Co. raised its position in FTAI Aviation by 98.2% in the fourth quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider’s stock worth $1,246,000 after acquiring an additional 13,303 shares during the period. Finally, Orchard Capital Management LLC raised its position in FTAI Aviation by 4.4% in the fourth quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock worth $14,602,000 after acquiring an additional 13,268 shares during the period. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FTAI has been the topic of several recent research reports. Royal Bank of Canada increased their price target on shares of FTAI Aviation from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Citigroup raised their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Compass Point raised their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Thursday, June 6th. Finally, Jefferies Financial Group started coverage on shares of FTAI Aviation in a research report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $88.50.

Check Out Our Latest Report on FTAI

FTAI Aviation Stock Down 1.0 %

Shares of NYSE:FTAI opened at $105.71 on Friday. FTAI Aviation Ltd. has a 52 week low of $30.35 and a 52 week high of $111.02. The stock has a market capitalization of $10.60 billion, a P/E ratio of 48.27 and a beta of 2.03. The firm has a fifty day simple moving average of $86.06 and a two-hundred day simple moving average of $67.33.

FTAI Aviation (NYSE:FTAIGet Free Report) 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). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts expect that FTAI Aviation Ltd. will post 2.04 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.14%. FTAI Aviation’s payout ratio is currently 54.79%.

Insiders Place Their Bets

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at approximately $16,185,324. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

About FTAI Aviation

(Free Report)

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.

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Institutional Ownership by Quarter for FTAI Aviation (NYSE:FTAI)

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