Sequoia Financial Advisors LLC Purchases 426 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Sequoia Financial Advisors LLC grew its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,562 shares of the financial services provider’s stock after buying an additional 426 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FTAI Aviation were worth $2,530,000 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 stock. Geode Capital Management LLC raised its position 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 purchasing an additional 61,897 shares during the period. State Street Corp grew its holdings in FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after acquiring an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after purchasing an additional 182,252 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of FTAI Aviation by 10.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after purchasing an additional 95,200 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Compass Point lifted their target price 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. 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 report on Friday, January 10th. BTIG Research boosted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Finally, StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Trading Up 3.1 %

Shares of FTAI opened at $104.31 on Friday. FTAI Aviation Ltd. has a twelve month low of $57.73 and a twelve month high of $181.64. The company has a market cap of $10.70 billion, a P/E ratio of -1,043.00 and a beta of 2.06. The company’s fifty day simple moving average is $119.45 and its 200-day simple moving average is $133.63.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s dividend payout ratio is currently -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.