Swiss National Bank Has $28.97 Million Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Swiss National Bank grew its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 201,092 shares of the financial services provider’s stock after buying an additional 5,300 shares during the period. Swiss National Bank’s holdings in FTAI Aviation were worth $28,965,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FTAI. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation in the third quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the third quarter worth approximately $31,000. Private Trust Co. NA increased its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in FTAI Aviation in the fourth quarter worth approximately $36,000. Finally, Blue Trust Inc. acquired a new position in FTAI Aviation in the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Up 2.6 %

Shares of NYSE FTAI opened at $106.98 on Tuesday. The business has a fifty day simple moving average of $118.43 and a 200 day simple moving average of $133.68. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of -1,069.69 and a beta of 2.06. FTAI Aviation Ltd. has a one year low of $58.41 and a one year high of $181.64.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. FTAI Aviation’s payout ratio is -342.86%.

Analyst Ratings Changes

A number of research firms recently commented on FTAI. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Saturday. Finally, Barclays upped 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

About FTAI Aviation

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.