PNC Financial Services Group Inc. Decreases Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

PNC Financial Services Group Inc. lowered its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,930 shares of the financial services provider’s stock after selling 685 shares during the quarter. PNC Financial Services Group Inc.’s holdings in FTAI Aviation were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC increased its stake in FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 189 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in FTAI Aviation during the second quarter valued at approximately $59,000. RiverPark Advisors LLC bought a new stake in shares of FTAI Aviation in the 2nd quarter valued at approximately $202,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of FTAI Aviation by 165.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 1,790 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of FTAI opened at $165.32 on Thursday. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of -1,671.33 and a beta of 2.04. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $177.18. The company has a 50-day moving average of $146.10 and a 200 day moving average of $117.15.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on FTAI. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Barclays raised their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Jefferies Financial Group upped their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.09.

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.