Axxcess Wealth Management LLC Sells 12,700 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Axxcess Wealth Management LLC trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 47.2% during the 4th quarter, Holdings Channel reports. The fund owned 14,230 shares of the financial services provider’s stock after selling 12,700 shares during the period. Axxcess Wealth Management LLC’s holdings in FTAI Aviation were worth $660,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. CFM Wealth Partners LLC bought a new position in shares of FTAI Aviation during the 4th quarter worth approximately $4,186,000. Roman Butler Fullerton & Co. increased its position in shares of FTAI Aviation by 98.2% during the fourth quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider’s stock worth $1,246,000 after purchasing an additional 13,303 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of FTAI Aviation by 19.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 302,635 shares of the financial services provider’s stock valued at $10,759,000 after purchasing an additional 49,702 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of FTAI Aviation by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock worth $299,420,000 after purchasing an additional 110,367 shares in the last quarter. Finally, Northern Trust Corp increased its position in FTAI Aviation by 2.4% during the 3rd quarter. Northern Trust Corp now owns 965,286 shares of the financial services provider’s stock valued at $34,316,000 after buying an additional 22,502 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FTAI. Stifel Nicolaus boosted their price target on FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Barclays upped their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Compass Point boosted their price objective on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada began coverage on shares of FTAI Aviation in a report on Friday, May 3rd. They issued an “outperform” rating and a $85.00 price objective on the stock. Finally, StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.95.

FTAI Aviation Stock Down 1.1 %

Shares of NYSE FTAI opened at $77.50 on Wednesday. FTAI Aviation Ltd. has a 52-week low of $26.94 and a 52-week high of $81.40. The company’s 50-day simple moving average is $66.73 and its 200-day simple moving average is $53.45. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 35.39 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Equities research analysts anticipate that FTAI Aviation Ltd. will post 1.88 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.55%. FTAI Aviation’s payout ratio is currently 54.79%.

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.