FTAI Aviation Ltd. (NYSE:FTAI) Position Raised by Swiss National Bank

Swiss National Bank lifted its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,092 shares of the financial services provider’s stock after purchasing an additional 5,300 shares during the quarter. Swiss National Bank owned about 0.20% of FTAI Aviation worth $28,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation during the third quarter valued at about $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation during the third quarter valued at about $31,000. Private Trust Co. NA raised its stake in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the fourth quarter valued at about $36,000. Finally, Blue Trust Inc. bought a new stake in FTAI Aviation in the fourth quarter worth about $56,000. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FTAI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Compass Point upped their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Trading Up 2.6 %

NYSE FTAI opened at $106.98 on Tuesday. The stock’s 50-day moving average price is $118.43 and its two-hundred day moving average price is $133.68. The company has a market cap of $10.97 billion, a PE ratio of -1,069.69 and a beta of 2.06. FTAI Aviation Ltd. has a 1 year low of $58.41 and a 1 year high of $181.64.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. FTAI Aviation’s dividend 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.