Charles Schwab Investment Management Inc. Buys 35,888 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Charles Schwab Investment Management Inc. boosted its position in FTAI Aviation Ltd. (NYSE:FTAI) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,047,572 shares of the financial services provider’s stock after acquiring an additional 35,888 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.02% of FTAI Aviation worth $139,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after buying an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after acquiring an additional 813,311 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after acquiring an additional 560,179 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after acquiring an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC purchased a new stake in shares of FTAI Aviation in the 3rd quarter valued at $32,769,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 0.7 %

Shares of FTAI Aviation stock opened at $173.71 on Monday. FTAI Aviation Ltd. has a 12-month low of $40.29 and a 12-month high of $177.18. The company has a market cap of $17.81 billion, a P/E ratio of -1,736.93 and a beta of 2.04. The company’s fifty day simple moving average is $144.37 and its two-hundred day simple moving average is $115.87.

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 the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million for 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%. FTAI Aviation’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. FTAI Aviation’s payout ratio is -1,199.88%.

Analysts Set New Price Targets

A number of equities analysts recently commented on FTAI shares. BTIG Research began coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price on the stock. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Barclays raised their price target on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Compass Point boosted their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.09.

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.