Charles Schwab Investment Management Inc. Trims Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Charles Schwab Investment Management Inc. reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,033,557 shares of the financial services provider’s stock after selling 14,015 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FTAI Aviation were worth $148,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation in the third quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation in the third quarter valued at $31,000. Private Trust Co. NA lifted its position in shares of FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at $36,000. Finally, Farther Finance Advisors LLC lifted its position in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $104.22 on Friday. The firm has a market capitalization of $10.69 billion, a PE ratio of -1,042.10 and a beta of 2.05. The business has a 50-day moving average of $123.87 and a two-hundred day moving average of $134.29. FTAI Aviation Ltd. has a 12 month low of $54.84 and a 12 month high of $181.64.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. FTAI Aviation’s dividend payout ratio (DPR) is currently -342.86%.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent research reports. Barclays upped their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.67.

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.