LPL Financial LLC Purchases 853 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

LPL Financial LLC lifted its position in FTAI Aviation Ltd. (NYSE:FTAI) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,588 shares of the financial services provider’s stock after acquiring an additional 853 shares during the quarter. LPL Financial LLC’s holdings in FTAI Aviation were worth $3,542,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sara Bay Financial bought a new stake in shares of FTAI Aviation in the 4th quarter valued at about $547,000. Ibex Wealth Advisors purchased a new position in FTAI Aviation during the fourth quarter valued at approximately $3,518,000. Rhumbline Advisers raised its stake in FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock worth $20,464,000 after buying an additional 3,121 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in FTAI Aviation by 77.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after buying an additional 2,853 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after buying an additional 208,613 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI opened at $96.43 on Friday. The stock has a 50-day moving average of $112.36 and a two-hundred day moving average of $131.14. The stock has a market cap of $9.89 billion, a P/E ratio of -964.20 and a beta of 1.79. FTAI Aviation Ltd. has a one year low of $66.22 and a one year high of $181.64.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.24%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BTIG Research boosted their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Stifel Nicolaus restated a “hold” rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target 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.