Hilltop Holdings Inc. Buys 1,666 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Hilltop Holdings Inc. grew its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,491 shares of the financial services provider’s stock after purchasing an additional 1,666 shares during the quarter. Hilltop Holdings Inc.’s holdings in FTAI Aviation were worth $1,527,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FTAI. Brown Brothers Harriman & Co. bought a new position in shares of FTAI Aviation in the third quarter valued at about $26,000. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation in the second quarter valued at about $33,000. Farther Finance Advisors LLC grew its stake in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of FTAI Aviation in the second quarter valued at about $59,000. Finally, Raymond James Trust N.A. acquired a new position in shares of FTAI Aviation in the third quarter valued at about $200,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $161.22 on Wednesday. FTAI Aviation Ltd. has a 52-week low of $41.37 and a 52-week high of $177.18. The firm has a 50 day moving average price of $149.09 and a two-hundred day moving average price of $119.64. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of -1,612.04 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue was up 60.0% compared to the same quarter last year. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is -1,199.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FTAI shares. Benchmark increased their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup increased their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Compass Point increased their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays increased their price objective on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, BTIG Research started coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.