International Assets Investment Management LLC Increases Holdings in Vector Group Ltd. (NYSE:VGR)

International Assets Investment Management LLC grew its holdings in shares of Vector Group Ltd. (NYSE:VGR) by 2,284.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,851 shares of the company’s stock after buying an additional 38,180 shares during the period. International Assets Investment Management LLC’s holdings in Vector Group were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in VGR. BNP Paribas Financial Markets lifted its holdings in shares of Vector Group by 58.4% in the 1st quarter. BNP Paribas Financial Markets now owns 104,445 shares of the company’s stock valued at $1,145,000 after purchasing an additional 38,522 shares during the last quarter. Larson Financial Group LLC acquired a new position in Vector Group during the 1st quarter worth approximately $190,000. Texas Permanent School Fund Corp boosted its stake in shares of Vector Group by 3.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 115,614 shares of the company’s stock worth $1,267,000 after acquiring an additional 3,942 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in shares of Vector Group during the 1st quarter worth approximately $217,000. Finally, Duality Advisers LP purchased a new stake in shares of Vector Group during the 1st quarter worth approximately $900,000. 64.09% of the stock is owned by hedge funds and other institutional investors.

Vector Group Stock Performance

Shares of Vector Group stock opened at $14.99 on Wednesday. The business’s fifty day moving average price is $14.97 and its 200 day moving average price is $12.74. Vector Group Ltd. has a twelve month low of $9.27 and a twelve month high of $15.53. The stock has a market capitalization of $2.36 billion, a P/E ratio of 12.92 and a beta of 1.04.

Vector Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.34%. The ex-dividend date was Friday, August 30th. Vector Group’s dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VGR. StockNews.com began coverage on Vector Group in a research note on Sunday. They issued a “strong-buy” rating on the stock. Barclays lifted their target price on Vector Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th.

About Vector Group

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.