Virtu Financial LLC Makes New $428,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Virtu Financial LLC bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,973 shares of the financial services provider’s stock, valued at approximately $428,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FTAI. Raymond James Trust N.A. acquired a new stake in FTAI Aviation during the 3rd quarter valued at approximately $200,000. Citigroup Inc. boosted its stake in shares of FTAI Aviation by 4,184.5% during the 3rd quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider’s stock valued at $15,786,000 after buying an additional 121,686 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of FTAI Aviation during the third quarter worth approximately $669,000. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation in the third quarter worth $26,000. Finally, Quantbot Technologies LP acquired a new stake in FTAI Aviation in the third quarter valued at $5,997,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FTAI. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Friday, January 10th. Barclays lifted their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Compass Point boosted their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $114.00 on Thursday. FTAI Aviation Ltd. has a 12-month low of $65.00 and a 12-month high of $181.64. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of -1,139.89 and a beta of 2.06. The business has a 50 day simple moving average of $111.74 and a 200 day simple moving average of $133.07.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is -342.86%.

FTAI Aviation 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.