Principal Financial Group Inc. Has $6.98 Million Stake in FTAI Aviation Ltd. $FTAI

Principal Financial Group Inc. raised its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 700.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,825 shares of the financial services provider’s stock after buying an additional 36,601 shares during the period. Principal Financial Group Inc.’s holdings in FTAI Aviation were worth $6,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ensign Peak Advisors Inc increased its holdings in shares of FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after acquiring an additional 1,238,294 shares during the last quarter. Norges Bank acquired a new stake in FTAI Aviation in the 2nd quarter worth approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in FTAI Aviation by 1,678.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock worth $131,208,000 after purchasing an additional 1,076,416 shares during the period. Northern Right Capital Management L.P. boosted its position in FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares during the period. Finally, Rubric Capital Management LP grew its holdings in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $279.85 on Friday. The firm’s 50-day moving average is $231.93 and its 200-day moving average is $186.02. The company has a market cap of $28.70 billion, a price-to-earnings ratio of 63.89 and a beta of 1.53. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $310.00.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FTAI shares. Royal Bank Of Canada boosted their price objective on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Barclays lifted their target price on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, BTIG Research boosted their price objective on FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.50.

FTAI Aviation Company 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.