FTAI Aviation Ltd. $FTAI Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 700.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,825 shares of the financial services provider’s stock after buying an additional 36,601 shares during the period. Principal Financial Group Inc.’s holdings in FTAI Aviation were worth $6,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of FTAI Aviation during the third quarter valued at approximately $28,000. Global Retirement Partners LLC grew its position in FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares in the last quarter. Assetmark Inc. grew its position in FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares in the last quarter. GAMMA Investing LLC raised its stake in FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 97 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of FTAI Aviation by 3,692.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 923 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $279.85 on Friday. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 63.89 and a beta of 1.53. The stock has a 50-day simple moving average of $231.93 and a 200-day simple moving average of $186.02. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $310.00.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of research analyst reports. Barclays lifted their price target on FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. BTIG Research upped their target price on FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Finally, Morgan Stanley raised their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $274.50.

FTAI Aviation 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.