FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,503 shares of the financial services provider’s stock after selling 3,812 shares during the period. Corebridge Financial Inc.’s holdings in FTAI Aviation were worth $7,274,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the third quarter worth about $31,000. Private Trust Co. NA raised its stake in FTAI Aviation by 221.1% during the fourth 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTAI Aviation during the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new position in FTAI Aviation during the 4th quarter worth approximately $56,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. BTIG Research increased their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Barclays increased their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Compass Point lifted their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $112.36 on Friday. FTAI Aviation Ltd. has a 1 year low of $65.00 and a 1 year high of $181.64. The firm has a market capitalization of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06. The stock has a fifty day moving average of $111.63 and a two-hundred day moving average of $132.94.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. FTAI Aviation’s dividend payout ratio is presently -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.