Paloma Partners Management Co Buys New Shares in FTAI Aviation Ltd. (NYSE:FTAI)

Paloma Partners Management Co purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,305 shares of the financial services provider’s stock, valued at approximately $439,000.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation during the third quarter valued at about $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of FTAI Aviation during the second quarter worth about $33,000. Farther Finance Advisors LLC boosted its holdings in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of FTAI Aviation during the second quarter worth about $59,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of FTAI Aviation during the third quarter worth about $200,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on FTAI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. Barclays increased their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday. Compass Point increased their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Benchmark raised their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Citigroup raised their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $166.18.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $164.93 on Thursday. FTAI Aviation Ltd. has a fifty-two week low of $41.37 and a fifty-two week high of $177.18. The company has a 50 day simple moving average of $149.71 and a two-hundred day simple moving average of $120.22. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of -1,649.30 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the business posted $0.33 EPS. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is -1,200.00%.

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.