Cynosure Group LLC Makes New $321,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Cynosure Group LLC bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, Holdings Channel reports. The firm bought 2,227 shares of the financial services provider’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also modified their holdings of FTAI. Norges Bank bought a new position in FTAI Aviation during the fourth quarter valued at approximately $183,688,000. William Blair Investment Management LLC acquired a new position in FTAI Aviation during the fourth quarter worth $174,372,000. Clearbridge Investments LLC raised its holdings in FTAI Aviation by 104.3% during the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider’s stock valued at $66,750,000 after buying an additional 236,556 shares in the last quarter. Wellington Management Group LLP raised its holdings in FTAI Aviation by 35.1% during the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider’s stock valued at $130,240,000 after buying an additional 234,874 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after buying an additional 208,613 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

NYSE:FTAI opened at $115.94 on Thursday. The firm’s 50-day moving average is $112.68 and its 200-day moving average is $132.92. The company has a market cap of $11.89 billion, a price-to-earnings ratio of -1,159.28 and a beta of 1.78. FTAI Aviation Ltd. has a 52-week low of $66.22 and a 52-week high of $181.64.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.04%. FTAI Aviation’s dividend payout ratio is -342.86%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of analyst reports. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Finally, BTIG Research upped their price target 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. Two investment 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. According to MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

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.