PNC Financial Services Group Inc. Sells 670 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

PNC Financial Services Group Inc. trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,260 shares of the financial services provider’s stock after selling 670 shares during the quarter. PNC Financial Services Group Inc.’s holdings in FTAI Aviation were worth $1,046,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Westfield Capital Management Co. LP boosted its stake in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. Franklin Resources Inc. raised its holdings in FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after acquiring an additional 182,252 shares in the last quarter. Citigroup Inc. increased its stake in shares of FTAI Aviation by 4,184.5% in the 3rd quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider’s stock valued at $15,786,000 after acquiring an additional 121,686 shares in the last quarter. Finally, Polar Asset Management Partners Inc. grew its position in FTAI Aviation by 1,086.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 100,600 shares of the financial services provider’s stock valued at $13,370,000 after purchasing an additional 110,800 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FTAI has been the subject of several research reports. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Compass Point boosted their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Saturday. Stifel Nicolaus restated a “hold” rating and issued a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Finally, Barclays increased their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Trading Up 3.1 %

NYSE FTAI opened at $104.31 on Monday. The stock’s 50 day moving average is $119.45 and its 200 day moving average is $133.80. FTAI Aviation Ltd. has a 12 month low of $58.41 and a 12 month high of $181.64. The stock has a market cap of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. FTAI Aviation’s dividend payout ratio (DPR) is -342.86%.

FTAI Aviation 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.