Congress Wealth Management LLC DE Takes $288,000 Position in FTAI Aviation Ltd. (NYSE:FTAI)

Congress Wealth Management LLC DE purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,000 shares of the financial services provider’s stock, valued at approximately $288,000.

Several other hedge funds also recently added to or reduced their stakes in FTAI. Sara Bay Financial purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $547,000. Ibex Wealth Advisors bought a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $3,518,000. Luxor Capital Group LP purchased a new position in FTAI Aviation during the 3rd quarter valued at $1,298,000. Rhumbline Advisers grew its position in FTAI Aviation by 2.2% in the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after acquiring an additional 3,121 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in FTAI Aviation by 77.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after purchasing an additional 2,853 shares during the period. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FTAI has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research boosted 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. Barclays raised their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Compass Point boosted their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Trading Down 1.9 %

Shares of NYSE:FTAI opened at $112.36 on Friday. The company has a market capitalization of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06. FTAI Aviation Ltd. has a 12-month low of $65.00 and a 12-month high of $181.64. The business’s fifty day simple moving average is $111.63 and its 200-day simple moving average is $133.07.

FTAI Aviation Dividend Announcement

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