American Century Companies Inc. Decreases Stake in FTAI Aviation Ltd. (NYSE:FTAI)

American Century Companies Inc. lessened its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 335,271 shares of the financial services provider’s stock after selling 95,097 shares during the quarter. American Century Companies Inc. owned approximately 0.33% of FTAI Aviation worth $48,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in FTAI Aviation by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares during the last quarter. State Street Corp raised its stake in shares of FTAI Aviation by 1.7% during the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after acquiring an additional 38,279 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of FTAI Aviation during the fourth quarter worth about $174,372,000. JPMorgan Chase & Co. grew its stake in shares of FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after purchasing an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after purchasing an additional 95,200 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the subject of several research analyst reports. Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Compass Point upped their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. BTIG Research lifted their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $114.00 on Thursday. The company has a 50 day simple moving average of $111.74 and a two-hundred day simple moving average of $133.07. FTAI Aviation Ltd. has a fifty-two week low of $65.00 and a fifty-two week high of $181.64. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of -1,139.89 and a beta of 2.06.

FTAI Aviation Dividend Announcement

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

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.