Axxcess Wealth Management LLC Grows Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Axxcess Wealth Management LLC raised its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 10.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,965 shares of the financial services provider’s stock after purchasing an additional 362 shares during the period. Axxcess Wealth Management LLC’s holdings in FTAI Aviation were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of FTAI Aviation in the third quarter worth about $260,000. CIBC Asset Management Inc bought a new position in FTAI Aviation in the 3rd quarter worth approximately $431,000. Natixis Advisors LLC purchased a new stake in FTAI Aviation during the 3rd quarter valued at approximately $1,891,000. Avior Wealth Management LLC raised its position in shares of FTAI Aviation by 101.4% during the third quarter. Avior Wealth Management LLC now owns 5,074 shares of the financial services provider’s stock valued at $674,000 after buying an additional 2,555 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of FTAI Aviation in the third quarter worth $3,651,000. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on FTAI. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 10th. Compass Point raised their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Finally, BTIG Research upped their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $107.23 on Friday. The stock has a 50 day moving average price of $113.51 and a 200-day moving average price of $133.00. FTAI Aviation Ltd. has a one year low of $64.04 and a one year high of $181.64. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of -1,072.19 and a beta of 2.06.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is 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.