Point72 Asia Singapore Pte. Ltd. Has $44,000 Stock Holdings in Vector Group Ltd. (NYSE:VGR)

Point72 Asia Singapore Pte. Ltd. lowered its position in Vector Group Ltd. (NYSE:VGR) by 69.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,177 shares of the company’s stock after selling 9,365 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Vector Group were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in Vector Group in the 2nd quarter valued at approximately $59,000. ORG Partners LLC increased its holdings in Vector Group by 252.3% in the second quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock valued at $66,000 after purchasing an additional 4,325 shares during the period. Somerset Trust Co bought a new position in Vector Group during the 2nd quarter worth $110,000. SpiderRock Advisors LLC acquired a new position in Vector Group during the 1st quarter worth about $112,000. Finally, Rothschild Investment LLC bought a new stake in shares of Vector Group in the 2nd quarter valued at about $116,000. Institutional investors own 64.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VGR. StockNews.com assumed coverage on Vector Group in a research report on Tuesday, September 24th. They set a “buy” rating for the company. Barclays boosted their price target on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th.

Vector Group Stock Performance

VGR stock opened at $14.92 on Tuesday. The firm has a market cap of $2.35 billion, a PE ratio of 12.86 and a beta of 1.04. The stock has a 50-day moving average price of $14.21 and a 200-day moving average price of $11.95. Vector Group Ltd. has a 1-year low of $9.27 and a 1-year high of $15.53.

Vector Group (NYSE:VGR) last issued its earnings results on Wednesday, July 31st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $371.91 million during the quarter, compared to the consensus estimate of $362.90 million. Vector Group had a negative return on equity of 26.96% and a net margin of 14.05%. On average, analysts forecast that Vector Group Ltd. will post 1.22 earnings per share for the current year.

Vector Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.36%. The ex-dividend date was Friday, August 30th. Vector Group’s dividend payout ratio is presently 68.97%.

Vector Group Profile

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20’s, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.