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

CIBC Private Wealth Group LLC decreased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,724,591 shares of the financial services provider’s stock after selling 76,072 shares during the quarter. FTAI Aviation comprises about 1.0% of CIBC Private Wealth Group LLC’s holdings, making the stock its 15th biggest position. CIBC Private Wealth Group LLC’s holdings in FTAI Aviation were worth $536,490,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FTAI. Orion Portfolio Solutions LLC grew its stake in FTAI Aviation by 2.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 102 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of FTAI Aviation by 2.5% during the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 105 shares during the last quarter. MML Investors Services LLC grew its position in shares of FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of FTAI Aviation by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 147 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after buying an additional 161 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 1.9 %

Shares of NYSE FTAI opened at $112.36 on Friday. The stock has a market capitalization of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06. FTAI Aviation Ltd. has a twelve month low of $65.00 and a twelve month high of $181.64. The stock has a fifty day simple moving average of $111.63 and a 200-day simple moving average of $133.07.

FTAI Aviation Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FTAI. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Friday, January 10th. Compass Point increased their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.