FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,741 shares of the financial services provider’s stock after acquiring an additional 1,988 shares during the quarter. EFG Asset Management North America Corp.’s holdings in FTAI Aviation were worth $4,139,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FTAI. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation in the 3rd quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth about $31,000. Private Trust Co. NA boosted its position in shares of 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 acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTAI Aviation in the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. acquired a new position in FTAI Aviation during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FTAI. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Finally, Barclays raised their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. 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. Based on data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Price Performance

NYSE:FTAI opened at $114.91 on Tuesday. The firm has a 50-day moving average of $112.51 and a two-hundred day moving average of $133.17. The stock has a market cap of $11.78 billion, a P/E ratio of -1,148.99 and a beta of 2.06. FTAI Aviation Ltd. has a 1-year low of $65.00 and a 1-year high of $181.64.

FTAI Aviation Dividend Announcement

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

About FTAI Aviation

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.