Xponance Inc. Boosts Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Xponance Inc. increased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,327 shares of the financial services provider’s stock after purchasing an additional 688 shares during the quarter. Xponance Inc.’s holdings in FTAI Aviation were worth $1,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Sara Bay Financial acquired a new stake in FTAI Aviation in the 4th quarter valued at about $547,000. Ibex Wealth Advisors purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $3,518,000. Luxor Capital Group LP acquired a new stake in FTAI Aviation during the 3rd quarter worth approximately $1,298,000. Rhumbline Advisers grew its position in FTAI Aviation by 2.2% in the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after buying an additional 3,121 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of FTAI Aviation by 77.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after acquiring an additional 2,853 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FTAI. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Friday, January 10th. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Compass Point increased their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Stock Up 0.5 %

FTAI stock opened at $107.23 on Monday. FTAI Aviation Ltd. has a twelve month low of $65.00 and a twelve month high of $181.64. The business has a 50 day moving average price of $113.51 and a two-hundred day moving average price of $133.20. The company has a market cap of $11.00 billion, a price-to-earnings ratio of -1,072.19 and a beta of 2.06.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

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.