Thrivent Financial for Lutherans Purchases 12,535 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Thrivent Financial for Lutherans grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,128 shares of the financial services provider’s stock after purchasing an additional 12,535 shares during the quarter. Thrivent Financial for Lutherans’ holdings in FTAI Aviation were worth $6,500,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. GSA Capital Partners LLP acquired a new stake in FTAI Aviation during the 3rd quarter worth $260,000. Natixis Advisors LLC bought a new position in shares of FTAI Aviation in the 3rd quarter worth $1,891,000. Intech Investment Management LLC acquired a new stake in shares of FTAI Aviation during the third quarter worth $3,651,000. Charles Schwab Investment Management Inc. increased its holdings in FTAI Aviation by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,047,572 shares of the financial services provider’s stock valued at $139,222,000 after purchasing an additional 35,888 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new position in FTAI Aviation in the third quarter valued at about $200,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FTAI. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research note 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 report on Friday, January 10th. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Two 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $107.23 on Monday. The company’s 50-day moving average is $113.51 and its 200-day moving average is $133.20. The firm has a market capitalization of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06. FTAI Aviation Ltd. has a fifty-two week low of $65.00 and a fifty-two week high of $181.64.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -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.