Stifel Financial Corp Acquires 5,554 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Stifel Financial Corp lifted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 12.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 49,352 shares of the financial services provider’s stock after acquiring an additional 5,554 shares during the period. Stifel Financial Corp’s holdings in FTAI Aviation were worth $6,559,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTAI. American Century Companies Inc. lifted its holdings in FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after purchasing an additional 924,730 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in FTAI Aviation by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC bought a new position in FTAI Aviation during the 3rd quarter valued at about $32,769,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Down 2.5 %

Shares of NYSE FTAI opened at $131.72 on Friday. The company’s fifty day moving average is $152.48 and its 200-day moving average is $123.43. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06. FTAI Aviation Ltd. has a twelve month low of $44.15 and a twelve month high of $177.18.

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

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Citigroup raised their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Benchmark raised their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $166.18.

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.