Assetmark Inc. Has $61,000 Stock Position in FTAI Aviation Ltd. (NASDAQ:FTAI)

Assetmark Inc. trimmed its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 37.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 551 shares of the financial services provider’s stock after selling 330 shares during the quarter. Assetmark Inc.’s holdings in FTAI Aviation were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank lifted its stake in shares of FTAI Aviation by 3.5% in the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider’s stock worth $391,000 after buying an additional 120 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of FTAI Aviation by 6.3% in the first quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider’s stock worth $270,000 after buying an additional 145 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter worth $26,000. Versant Capital Management Inc lifted its stake in shares of FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock worth $25,000 after buying an additional 181 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter worth $29,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $141.47 on Tuesday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 35.02 and a beta of 1.61. The firm has a fifty day moving average of $120.54 and a 200-day moving average of $112.60.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 601.23%. The business had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the prior year, the firm earned ($2.26) EPS. The firm’s quarterly revenue was up 52.4% compared to the same quarter last year. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is presently 29.70%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citizens Jmp upgraded shares of FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. JMP Securities dropped their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 8th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Morgan Stanley dropped their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Friday, May 2nd. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $174.33.

FTAI Aviation 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.