Hsbc Holdings PLC Raises Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Hsbc Holdings PLC increased its position in FTAI Aviation Ltd. (NYSE:FTAI) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,255 shares of the financial services provider’s stock after purchasing an additional 216 shares during the period. Hsbc Holdings PLC’s holdings in FTAI Aviation were worth $1,163,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation during the second quarter worth about $33,000. Arizona State Retirement System lifted its position in FTAI Aviation by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 28,064 shares of the financial services provider’s stock worth $2,897,000 after acquiring an additional 516 shares during the period. Ridgewood Investments LLC purchased a new position in shares of FTAI Aviation in the 2nd quarter valued at approximately $59,000. CWM LLC increased its holdings in shares of FTAI Aviation by 88.0% in the second quarter. CWM LLC now owns 1,998 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 935 shares during the period. Finally, K.J. Harrison & Partners Inc raised its stake in shares of FTAI Aviation by 2.5% during the first quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 1,000 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on FTAI. Morgan Stanley boosted their price objective on shares of FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. BTIG Research initiated coverage on FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.55.

FTAI Aviation Stock Up 2.8 %

NYSE:FTAI opened at $129.55 on Friday. FTAI Aviation Ltd. has a 52-week low of $32.66 and a 52-week high of $132.94. The stock has a fifty day simple moving average of $116.10 and a 200-day simple moving average of $93.44. The company has a market capitalization of $12.99 billion, a PE ratio of 59.16 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s payout ratio is currently 54.79%.

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.