Russell Investments Group Ltd. Increases Holdings in FTAI Aviation Ltd. $FTAI

Russell Investments Group Ltd. raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,809 shares of the financial services provider’s stock after acquiring an additional 28,037 shares during the quarter. Russell Investments Group Ltd.’s holdings in FTAI Aviation were worth $22,253,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FTAI. Virtus Advisers LLC acquired a new position in FTAI Aviation in the first quarter valued at approximately $29,000. Parallel Advisors LLC lifted its position in shares of FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of FTAI Aviation during the 1st quarter worth approximately $53,000. Armstrong Advisory Group Inc. acquired a new position in shares of FTAI Aviation in the 2nd quarter valued at $60,000. Finally, Assetmark Inc. grew its position in shares of FTAI Aviation by 15.8% in the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FTAI. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research report on Tuesday. Barclays lifted their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Morgan Stanley upped their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, JMP Securities increased their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.11.

FTAI Aviation Stock Up 1.8%

FTAI opened at $173.24 on Friday. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36. The business has a 50 day moving average price of $168.57 and a two-hundred day moving average price of $144.98. The company has a market cap of $17.77 billion, a PE ratio of 39.55 and a beta of 1.67.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The company had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is 31.96%.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno acquired 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the transaction, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.