Vector Group Ltd. (NYSE:VGR) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of Vector Group Ltd. (NYSE:VGR) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,182 shares of the company’s stock after selling 1,109 shares during the period. Amalgamated Bank’s holdings in Vector Group were worth $600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Algert Global LLC increased its stake in shares of Vector Group by 72.9% in the second quarter. Algert Global LLC now owns 691,014 shares of the company’s stock valued at $7,304,000 after purchasing an additional 291,404 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Vector Group by 78.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock valued at $7,046,000 after acquiring an additional 293,338 shares during the period. Point72 Asset Management L.P. acquired a new stake in Vector Group in the 2nd quarter valued at approximately $693,000. Tidal Investments LLC bought a new stake in Vector Group during the 1st quarter valued at $527,000. Finally, Quest Partners LLC boosted its position in Vector Group by 3,851,600.0% during the 2nd quarter. Quest Partners LLC now owns 38,517 shares of the company’s stock worth $407,000 after acquiring an additional 38,516 shares during the period. 64.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays boosted their target price on Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. StockNews.com began coverage on Vector Group in a report on Monday, November 11th. They issued a “strong-buy” rating for the company.

Vector Group Price Performance

Shares of Vector Group stock opened at $14.99 on Friday. Vector Group Ltd. has a 12-month low of $9.27 and a 12-month high of $15.53. The firm has a market capitalization of $2.36 billion, a PE ratio of 12.92 and a beta of 1.04. The stock’s fifty day moving average is $14.96 and its 200-day moving average is $13.00.

Vector Group Announces Dividend

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

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.