FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 7.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 50,503 shares of the financial services provider’s stock after selling 3,812 shares during the quarter. Corebridge Financial Inc.’s holdings in FTAI Aviation were worth $7,274,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sara Bay Financial bought a new stake in FTAI Aviation during the fourth quarter worth approximately $547,000. Ibex Wealth Advisors bought a new stake in shares of FTAI Aviation during the 4th quarter worth $3,518,000. Luxor Capital Group LP acquired a new position in shares of FTAI Aviation in the 3rd quarter worth $1,298,000. Rhumbline Advisers raised its position in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock worth $20,464,000 after purchasing an additional 3,121 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of FTAI Aviation by 77.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 2,853 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the topic of several recent analyst reports. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. BTIG Research raised their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $123.00 target price (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Trading Down 1.9 %

FTAI opened at $112.36 on Friday. The stock has a fifty day moving average price of $111.63 and a 200 day moving average price of $132.94. FTAI Aviation Ltd. has a 1 year low of $65.00 and a 1 year high of $181.64. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of -1,123.49 and a beta of 2.06.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. FTAI Aviation’s dividend payout ratio is -342.86%.

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.