ING Groep NV Purchases Shares of 10,000 FTAI Aviation Ltd. $FTAI

ING Groep NV acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the financial services provider’s stock, valued at approximately $1,669,000.

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

FTAI Aviation Stock Performance

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FTAI. BTIG Research boosted their target price on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Barclays boosted their price objective on shares of FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wolfe Research restated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research report on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Finally, Citizens Jmp increased their price target on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.50.

FTAI Aviation Company 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.