Ameriprise Financial Inc. Sells 306,475 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Ameriprise Financial Inc. decreased its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,788,209 shares of the financial services provider’s stock after selling 306,475 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.74% of FTAI Aviation worth $257,476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transce3nd LLC bought a new position in shares of FTAI Aviation during the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation during the 4th quarter worth about $30,000. Private Trust Co. NA grew its position in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after buying an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at about $36,000. Finally, Blue Trust Inc. bought a new position in shares of FTAI Aviation during the fourth quarter worth about $56,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 12.0 %

NYSE FTAI opened at $100.75 on Tuesday. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The business has a 50 day moving average price of $104.20 and a 200-day moving average price of $126.11. The company has a market cap of $10.33 billion, a price-to-earnings ratio of -1,007.40 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. FTAI Aviation’s dividend payout ratio (DPR) is currently 571.43%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Friday. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. Barclays cut their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada lowered their price objective on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.83.

Insiders Place Their Bets

In other news, COO David Moreno purchased 6,580 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer now owns 231,623 shares in the company, valued at $21,969,441.55. This trade represents a 2.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacy Kuperus bought 1,087 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the transaction, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. This represents a 1.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 10,667 shares of company stock valued at $1,008,715. Corporate insiders own 1.60% of the company’s stock.

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.