Principal Financial Group Inc. Buys 16,676 Shares of Astoria Financial Corp. (AF)
Principal Financial Group Inc. increased its stake in shares of Astoria Financial Corp. (NYSE:AF) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,550 shares of the company’s stock after buying an additional 16,676 shares during the period. Principal Financial Group Inc. owned 0.65% of Astoria Financial Corp. worth $10,035,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in Astoria Financial Corp. by 1.6% in the first quarter. BlackRock Fund Advisors now owns 5,751,352 shares of the company’s stock worth $91,101,000 after buying an additional 91,207 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Astoria Financial Corp. by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,295,482 shares of the company’s stock worth $36,360,000 after buying an additional 13,364 shares during the last quarter. Renaissance Technologies LLC raised its position in Astoria Financial Corp. by 91.5% in the first quarter. Renaissance Technologies LLC now owns 1,812,450 shares of the company’s stock worth $28,709,000 after buying an additional 865,944 shares during the last quarter. JPMorgan Chase & Co. raised its position in Astoria Financial Corp. by 6,688.5% in the first quarter. JPMorgan Chase & Co. now owns 1,757,599 shares of the company’s stock worth $27,840,000 after buying an additional 1,731,708 shares during the last quarter. Finally, State Street Corp raised its position in Astoria Financial Corp. by 0.6% in the first quarter. State Street Corp now owns 1,693,411 shares of the company’s stock worth $26,824,000 after buying an additional 9,426 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.
Shares of Astoria Financial Corp. (NYSE:AF) opened at 14.19 on Friday. The firm’s 50-day moving average price is $14.89 and its 200-day moving average price is $15.09. The firm has a market capitalization of $1.42 billion, a P/E ratio of 21.90 and a beta of 0.70. Astoria Financial Corp. has a 12-month low of $13.92 and a 12-month high of $18.13.
Astoria Financial Corp. (NYSE:AF) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. Astoria Financial Corp. had a net margin of 14.49% and a return on equity of 4.81%. During the same quarter in the prior year, the business posted $0.27 earnings per share. Equities analysts predict that Astoria Financial Corp. will post $0.61 earnings per share for the current fiscal year.
AF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 9th. TheStreet upgraded Astoria Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of €14.92 ($16.57).
In other news, insider Brian T. Edwards sold 8,204 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of €14.60 ($16.22), for a total value of €119,778.40 ($133,087.11). Following the sale, the insider now directly owns 55,062 shares of the company’s stock, valued at approximately €803,905.20 ($893,228). The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 10.74% of the company’s stock.
Astoria Financial Corp. Company Profile
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. Astoria Bank’s business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, in multi-family and commercial real estate mortgage loans, one- to four- family, or residential, mortgage loans, and mortgage-backed securities.
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