3,449 Shares of FTAI Aviation Ltd. $FTAI Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 3,449 shares of the financial services provider’s stock, valued at approximately $576,000.

Several other institutional investors also recently bought and sold shares of FTAI. Apollon Wealth Management LLC purchased a new stake in FTAI Aviation during the 3rd quarter worth approximately $235,000. Bright Futures Wealth Management LLC. raised its holdings in shares of FTAI Aviation by 16.2% during the third quarter. Bright Futures Wealth Management LLC. now owns 1,232 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 172 shares during the last quarter. Signaturefd LLC purchased a new position in shares of FTAI Aviation in the third quarter valued at approximately $148,000. Manchester Capital Management LLC purchased a new position in shares of FTAI Aviation in the third quarter valued at approximately $1,962,000. Finally, Sterling Capital Management LLC purchased a new position in shares of FTAI Aviation in the third quarter valued at approximately $39,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on FTAI shares. Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a research note on Friday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research note on Friday, October 30th. Morgan Stanley decreased their price objective on FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. BTIG Research lowered their target price on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research note on Sunday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $304.38.

FTAI Aviation Stock Down 10.4%

Shares of NASDAQ FTAI opened at $179.91 on Thursday. The stock has a market cap of $18.48 billion, a PE ratio of 36.49, a P/E/G ratio of 1.00 and a beta of 1.55. The company has a current ratio of 3.82, a quick ratio of 2.07 and a debt-to-equity ratio of 7.97. FTAI Aviation Ltd. has a 12-month low of $146.48 and a 12-month high of $323.51. The company has a 50-day moving average of $178.37 and a 200 day moving average of $231.09.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. FTAI Aviation had a net margin of 15.46% and a return on equity of 132.04%. The business had revenue of $977.66 million for the quarter. During the same period last year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be given a $0.50 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. FTAI Aviation’s dividend payout ratio is 40.57%.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.