2,346 Shares in FTAI Aviation Ltd. $FTAI Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,346 shares of the financial services provider’s stock, valued at approximately $391,000.

Several other institutional investors have also modified their holdings of the company. Forum Financial Management LP purchased a new position in FTAI Aviation in the 3rd quarter valued at approximately $267,000. SLT Holdings LLC boosted its position in FTAI Aviation by 11.3% during the third quarter. SLT Holdings LLC now owns 2,225 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 225 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in FTAI Aviation by 4.6% in the third quarter. KLP Kapitalforvaltning AS now owns 22,700 shares of the financial services provider’s stock valued at $3,788,000 after purchasing an additional 1,000 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of FTAI Aviation in the third quarter valued at $209,000. Finally, Cynosure Group LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth $595,000. 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, COO David Moreno bought 4,354 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

FTAI Aviation Stock Up 2.6%

NASDAQ:FTAI opened at $273.71 on Tuesday. The company has a market cap of $28.07 billion, a P/E ratio of 62.49 and a beta of 1.54. The firm’s 50 day moving average is $188.77 and its two-hundred day moving average is $165.07. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $277.07.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). The company had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm’s quarterly revenue was up 43.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. Research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, November 10th. FTAI Aviation’s payout ratio is currently 31.96%.

Analyst Upgrades and Downgrades

FTAI has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Wall Street Zen lowered shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Morgan Stanley boosted their price target on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Wolfe Research reissued an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research note on Wednesday, December 31st. Finally, Barclays lifted their price objective on FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $226.88.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.