MetLife Investment Management LLC Has $7.65 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

MetLife Investment Management LLC boosted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,559 shares of the financial services provider’s stock after acquiring an additional 73 shares during the period. MetLife Investment Management LLC’s holdings in FTAI Aviation were worth $7,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in shares of FTAI Aviation by 164.2% during the 1st quarter. Janus Henderson Group PLC now owns 127,103 shares of the financial services provider’s stock valued at $8,552,000 after purchasing an additional 78,991 shares in the last quarter. Cetera Advisors LLC bought a new position in FTAI Aviation in the first quarter valued at approximately $305,000. EverSource Wealth Advisors LLC boosted its holdings in shares of FTAI Aviation by 165.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after buying an additional 1,790 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of FTAI Aviation during the second quarter worth $1,659,000. Finally, CWM LLC lifted its position in FTAI Aviation by 88.0% in the 2nd quarter. CWM LLC now owns 1,998 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 935 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Up 2.1 %

Shares of FTAI opened at $168.82 on Friday. The company’s fifty day simple moving average is $147.58 and its 200 day simple moving average is $117.82. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $177.18. The company has a market cap of $17.31 billion, a price-to-earnings ratio of -1,653.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share 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 analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, research analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.71%. FTAI Aviation’s dividend payout ratio is -1,199.88%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FTAI. Jefferies Financial Group increased their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays upped their price target on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

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.