Hsbc Holdings PLC Acquires 35,363 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Hsbc Holdings PLC lifted its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 290.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,553 shares of the financial services provider’s stock after acquiring an additional 35,363 shares during the period. Hsbc Holdings PLC’s holdings in FTAI Aviation were worth $6,972,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FTAI. Merit Financial Group LLC lifted its stake in FTAI Aviation by 2.5% in the fourth 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. CIBC Asset Management Inc lifted its stake in 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 worth $488,000 after purchasing an additional 147 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in FTAI Aviation by 7.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 161 shares during the last quarter. Private Trust Co. NA lifted its stake in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in FTAI Aviation by 8.5% in the fourth quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FTAI. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Wednesday, April 23rd. BTIG Research raised their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Morgan Stanley reduced their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.83.

FTAI Aviation Trading Up 3.2 %

Shares of FTAI stock opened at $108.22 on Tuesday. The company has a market cap of $11.10 billion, a PE ratio of -1,082.09 and a beta of 1.79. FTAI Aviation Ltd. has a 12-month low of $69.93 and a 12-month high of $181.64. The business’s fifty day simple moving average is $107.86 and its 200-day simple moving average is $127.75.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s dividend payout ratio is currently -342.86%.

FTAI Aviation Company 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.