Capital International Investors Buys 3,034,838 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Capital International Investors raised its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 39.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,677,171 shares of the financial services provider’s stock after acquiring an additional 3,034,838 shares during the period. Capital International Investors owned about 0.10% of FTAI Aviation worth $1,537,940,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FTAI. Vanguard Group Inc. boosted its stake in shares of FTAI Aviation by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after purchasing an additional 184,730 shares in the last quarter. Norges Bank bought a new stake in FTAI Aviation during the fourth quarter worth about $183,688,000. William Blair Investment Management LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $174,372,000. JPMorgan Chase & Co. raised its stake in shares of FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after acquiring an additional 182,252 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of FTAI Aviation by 35.1% in the 4th quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider’s stock worth $130,240,000 after acquiring an additional 234,874 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 1.5 %

Shares of FTAI stock opened at $93.00 on Friday. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of -929.91 and a beta of 1.79. FTAI Aviation Ltd. has a 12-month low of $66.22 and a 12-month high of $181.64. The firm has a fifty day moving average of $110.49 and a 200-day moving average of $129.97.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.83.

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.