Thrivent Financial for Lutherans Trims Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Thrivent Financial for Lutherans lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 7.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,369 shares of the financial services provider’s stock after selling 2,865 shares during the period. Thrivent Financial for Lutherans’ holdings in FTAI Aviation were worth $3,754,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FTAI. Vanguard Group Inc. lifted its stake in FTAI Aviation by 6.3% during the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after purchasing an additional 533,381 shares in the last quarter. Capital International Investors purchased a new stake in shares of FTAI Aviation in the 1st quarter valued at $274,052,000. CIBC Private Wealth Group LLC raised its holdings in shares of FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after buying an additional 1,359,302 shares during the period. American Century Companies Inc. boosted its holdings in 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 acquiring an additional 924,730 shares during the period. Finally, Wellington Management Group LLP grew its position in FTAI Aviation by 159.1% in the 4th quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock valued at $40,836,000 after acquiring an additional 540,379 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analysts Set New Price Targets

FTAI has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Jefferies Financial Group assumed coverage on shares of FTAI Aviation in a report on Tuesday, June 25th. They set a “buy” rating and a $120.00 target price on the stock. Wolfe Research lowered FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. Morgan Stanley upped their price target on FTAI Aviation from $105.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.55.

FTAI Aviation Stock Up 2.8 %

Shares of FTAI opened at $129.55 on Friday. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 59.16 and a beta of 2.04. FTAI Aviation Ltd. has a 52-week low of $32.66 and a 52-week high of $132.94. The stock has a 50 day moving average price of $116.10 and a 200 day moving average price of $93.44.

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

FTAI Aviation Dividend Announcement

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

FTAI Aviation Company Profile

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.