Axxcess Wealth Management LLC Raises Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Axxcess Wealth Management LLC boosted its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,965 shares of the financial services provider’s stock after purchasing an additional 362 shares during the quarter. Axxcess Wealth Management LLC’s holdings in FTAI Aviation were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTAI. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the 3rd quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in FTAI Aviation in the third quarter worth about $31,000. Private Trust Co. NA lifted its stake in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 0.5 %

FTAI opened at $107.23 on Friday. The firm’s 50 day simple moving average is $113.51 and its two-hundred day simple moving average is $133.00. The company has a market capitalization of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06. FTAI Aviation Ltd. has a 1-year low of $64.04 and a 1-year high of $181.64.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 dividend on an annualized basis and a yield of 1.12%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Barclays raised their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Compass Point lifted their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.67.

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.