Congress Wealth Management LLC DE Takes $288,000 Position in FTAI Aviation Ltd. (NYSE:FTAI)

Congress Wealth Management LLC DE bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,000 shares of the financial services provider’s stock, valued at approximately $288,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of FTAI Aviation by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock worth $1,519,325,000 after buying an additional 184,730 shares during the last quarter. Geode Capital Management LLC raised its stake in FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after acquiring an additional 61,897 shares during the last quarter. State Street Corp grew its stake in FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after purchasing an additional 38,279 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at about $174,372,000. Finally, JPMorgan Chase & Co. raised 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. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on FTAI. Barclays increased their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Finally, Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Two equities 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 company’s stock. According to data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $112.36 on Friday. FTAI Aviation Ltd. has a 12 month low of $65.00 and a 12 month high of $181.64. The stock has a market capitalization of $11.52 billion, a PE ratio of -1,123.49 and a beta of 2.06. The business has a 50 day simple moving average of $111.63 and a 200-day simple moving average of $133.07.

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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s dividend payout ratio is presently -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.