Prospera Financial Services Inc Has $667,000 Stock Position in AerCap Holdings (NYSE:AER)

Prospera Financial Services Inc trimmed its stake in shares of AerCap Holdings (NYSE:AER) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,040 shares of the financial services provider’s stock after selling 948 shares during the quarter. Prospera Financial Services Inc’s holdings in AerCap were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AER. Blue Trust Inc. boosted its holdings in AerCap by 89.9% during the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares in the last quarter. Mather Group LLC. raised its stake in shares of AerCap by 230.1% in the second quarter. Mather Group LLC. now owns 307 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 214 shares during the last quarter. UMB Bank n.a. raised its stake in shares of AerCap by 35.5% in the third quarter. UMB Bank n.a. now owns 664 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 174 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of AerCap by 209.1% in the second quarter. Federated Hermes Inc. now owns 1,567 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its stake in shares of AerCap by 33.3% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 2,000 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 500 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Stock Performance

AER stock opened at $98.03 on Friday. The company has a 50 day moving average price of $95.62 and a 200 day moving average price of $93.73. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. AerCap Holdings has a fifty-two week low of $66.34 and a fifty-two week high of $99.68. The stock has a market capitalization of $19.40 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.83.

AerCap (NYSE:AER) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 EPS for the quarter, hitting analysts’ consensus estimates of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business earned $2.81 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts forecast that AerCap Holdings will post 11.26 EPS for the current year.

AerCap Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AER shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of AerCap in a research note on Thursday. Susquehanna lifted their target price on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, August 2nd. Barclays lifted their target price on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen restated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, AerCap has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

AerCap Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.