Principal Financial Group Inc. Has $901,000 Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

Principal Financial Group Inc. lessened its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 80.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,111 shares of the financial services provider’s stock after selling 32,966 shares during the period. Principal Financial Group Inc.’s holdings in FTAI Aviation were worth $901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Clearbridge Investments LLC grew its stake in shares of FTAI Aviation by 104.3% in the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider’s stock valued at $66,750,000 after buying an additional 236,556 shares in the last quarter. Cynosure Group LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at $321,000. Harbor Capital Advisors Inc. raised its stake in shares of FTAI Aviation by 27.3% in the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider’s stock valued at $16,405,000 after purchasing an additional 31,694 shares in the last quarter. WCM Investment Management LLC grew its position in FTAI Aviation by 11.2% in the first quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider’s stock valued at $27,200,000 after acquiring an additional 24,296 shares during the period. Finally, GAMMA Investing LLC grew its position in FTAI Aviation by 24,780.1% in the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider’s stock valued at $5,276,000 after acquiring an additional 47,330 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, insider Stacy Kuperus bought 1,087 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the transaction, the insider directly owned 88,423 shares in the company, valued at approximately $8,214,496.70. This trade represents a 1.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Moreno bought 6,580 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the transaction, the chief operating officer owned 231,623 shares in the company, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,667 shares of company stock worth $1,008,715. Insiders own 1.30% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI opened at $113.59 on Friday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The business’s fifty day moving average is $119.13 and its 200-day moving average is $114.86. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 540.90 and a beta of 1.62.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 53.7% on a year-over-year basis. As a group, research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.06%. FTAI Aviation’s dividend payout ratio (DPR) is presently 571.43%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FTAI shares. Royal Bank Of Canada cut their target price on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded FTAI Aviation to a “sell” rating in a report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Barclays decreased their price objective on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Finally, Citizens Jmp upgraded FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.83.

About FTAI Aviation

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.