Vector Group Ltd. (NYSE:VGR) Holdings Decreased by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Vector Group Ltd. (NYSE:VGR) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor 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 have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Vector Group by 2,284.9% in the 3rd quarter. International Assets Investment Management LLC now owns 39,851 shares of the company’s stock valued at $595,000 after purchasing an additional 38,180 shares during the period. Creative Planning increased its stake in Vector Group by 8.0% in the 3rd quarter. Creative Planning now owns 63,554 shares of the company’s stock valued at $948,000 after buying an additional 4,711 shares during the period. Point72 DIFC Ltd increased its stake in Vector Group by 48.9% in the 2nd quarter. Point72 DIFC Ltd now owns 13,705 shares of the company’s stock valued at $145,000 after buying an additional 4,498 shares during the period. Truist Financial Corp purchased a new stake in Vector Group in the 2nd quarter worth approximately $193,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Vector Group during the 2nd quarter valued at $693,000. 64.09% of the stock is currently owned by institutional investors and hedge funds.

Vector Group Price Performance

NYSE VGR opened at $14.99 on Friday. The stock has a market capitalization of $2.36 billion, a PE ratio of 12.92 and a beta of 1.04. Vector Group Ltd. has a 12-month low of $9.27 and a 12-month high of $15.53. The company has a 50 day moving average price of $14.96 and a two-hundred day moving average price of $13.00.

Vector Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VGR shares. Barclays upped their price target on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. StockNews.com assumed coverage on Vector Group in a research report on Monday, November 11th. They issued a “strong-buy” rating on the stock.

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.