Voya Financial Advisors Inc. Sells 1,615 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Voya Financial Advisors Inc. cut its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 27.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,294 shares of the financial services provider’s stock after selling 1,615 shares during the period. Voya Financial Advisors Inc.’s holdings in FTAI Aviation were worth $556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after buying an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after purchasing an additional 95,200 shares during the period. Charles Schwab Investment Management Inc. increased its stake in FTAI Aviation by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,047,572 shares of the financial services provider’s stock worth $139,222,000 after purchasing an additional 35,888 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after buying an additional 924,730 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 0.8 %

Shares of FTAI stock opened at $157.11 on Friday. FTAI Aviation Ltd. has a 12 month low of $41.45 and a 12 month high of $177.18. The stock has a market cap of $16.11 billion, a P/E ratio of 68.15 and a beta of 2.06. The company has a 50 day simple moving average of $151.60 and a two-hundred day simple moving average of $121.33.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BTIG Research assumed coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Compass Point upped their target price on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays raised their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.18.

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.