FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,724,591 shares of the financial services provider’s stock after selling 76,072 shares during the period. FTAI Aviation makes up 1.0% of CIBC Private Wealth Group LLC’s holdings, making the stock its 15th largest position. CIBC Private Wealth Group LLC owned approximately 3.63% of FTAI Aviation worth $536,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation during the third quarter worth $31,000. Private Trust Co. NA lifted its position in FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTAI Aviation during the 4th quarter valued at about $36,000. Blue Trust Inc. acquired a new position in shares of FTAI Aviation in the fourth quarter valued at about $56,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $68,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several research reports. Compass Point increased their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Friday, January 10th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. 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 data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $112.36 on Friday. The business’s 50 day moving average price is $111.63 and its 200-day moving average price is $133.07. FTAI Aviation Ltd. has a 1 year low of $65.00 and a 1 year high of $181.64. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of -1,123.49 and a beta of 2.06.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s payout ratio is -342.86%.

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.