Independent Financial Group LLC Makes New $1.95 Million Investment in FTAI Aviation Ltd. $FTAI

Independent Financial Group LLC bought a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,956 shares of the financial services provider’s stock, valued at approximately $1,949,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. M&T Bank Corp boosted its position in FTAI Aviation by 323.6% during the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after purchasing an additional 12,308 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in FTAI Aviation in the first quarter valued at $7,217,000. Trek Financial LLC purchased a new position in shares of FTAI Aviation in the fourth quarter valued at $3,936,000. Asset Management One Co. Ltd. increased its position in shares of FTAI Aviation by 51.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 18,698 shares of the financial services provider’s stock valued at $3,681,000 after buying an additional 6,374 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of FTAI Aviation in the first quarter valued at $46,517,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent research reports. Citizens Jmp began coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. Morgan Stanley restated an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $333.12.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock valued at $61,599,445 over the last ninety days. 1.35% of the stock is owned by corporate insiders.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $207.46 on Monday. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of 41.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.46. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The company’s 50-day moving average is $247.00 and its two-hundred day moving average is $254.39. FTAI Aviation Ltd. has a 12-month low of $109.90 and a 12-month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.FTAI Aviation’s quarterly revenue was up 65.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. Research analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. FTAI Aviation’s dividend payout ratio (DPR) is 31.75%.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.