Hilltop Holdings Inc. Acquires 1,666 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Hilltop Holdings Inc. increased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,491 shares of the financial services provider’s stock after buying an additional 1,666 shares during the period. Hilltop Holdings Inc.’s holdings in FTAI Aviation were worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation during the third quarter valued at $26,000. Arcadia Investment Management Corp MI bought a new position in shares of FTAI Aviation in the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC grew its position in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the period. Ridgewood Investments LLC bought a new stake in shares of FTAI Aviation during the second quarter worth approximately $59,000. Finally, Raymond James Trust N.A. acquired a new position in FTAI Aviation in the third quarter valued at approximately $200,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 3.3 %

Shares of FTAI opened at $161.22 on Wednesday. FTAI Aviation Ltd. has a 12 month low of $41.37 and a 12 month high of $177.18. The firm has a fifty day simple moving average of $149.09 and a 200 day simple moving average of $119.64. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of -1,612.04 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last announced its earnings results 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). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, research analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,199.88%.

Analysts Set New Price Targets

Several analysts have commented on FTAI shares. Compass Point upped their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group raised 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. BTIG Research began coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price target for the company. Citigroup lifted their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Barclays boosted their price objective on shares of FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two research 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.com, the stock 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.