54,171 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Acquired by AGF Management Ltd.

AGF Management Ltd. acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 54,171 shares of the financial services provider’s stock, valued at approximately $7,803,000.

Several other large investors have also recently added to or reduced their stakes in FTAI. Oppenheimer & Co. Inc. grew its position in shares of FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock worth $1,110,000 after acquiring an additional 4,106 shares during the last quarter. Sara Bay Financial acquired a new position in FTAI Aviation during the 4th quarter valued at about $547,000. Ibex Wealth Advisors bought a new position in FTAI Aviation in the 4th quarter worth about $3,518,000. Luxor Capital Group LP acquired a new stake in shares of FTAI Aviation in the third quarter valued at approximately $1,298,000. Finally, Rhumbline Advisers increased its stake in shares of FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after purchasing an additional 3,121 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FTAI has been the subject of a number of recent analyst reports. Compass Point increased their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Wolfe Research upgraded 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Price Performance

NYSE FTAI opened at $103.24 on Thursday. FTAI Aviation Ltd. has a 12 month low of $56.72 and a 12 month high of $181.64. The company has a market capitalization of $10.59 billion, a P/E ratio of -1,032.30 and a beta of 2.06. The company’s 50 day simple moving average is $121.26 and its 200 day simple moving average is $133.98.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.16%. 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.