Prudential Financial Inc. trimmed its position in shares of Astoria Financial Corporation (NYSE:AF) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,244 shares of the savings and loans company’s stock after selling 2,450 shares during the quarter. Prudential Financial Inc. owned approximately 0.15% of Astoria Financial Corporation worth $3,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Astoria Financial Corporation by 90.3% during the 1st quarter. Bank of America Corp DE now owns 2,373,224 shares of the savings and loans company’s stock valued at $48,674,000 after buying an additional 1,126,404 shares during the last quarter. BlackRock Inc. raised its stake in shares of Astoria Financial Corporation by 50,276.1% in the 1st quarter. BlackRock Inc. now owns 11,575,917 shares of the savings and loans company’s stock valued at $237,422,000 after acquiring an additional 11,552,938 shares in the last quarter. Sei Investments Co. raised its stake in shares of Astoria Financial Corporation by 6.3% in the 2nd quarter. Sei Investments Co. now owns 87,190 shares of the savings and loans company’s stock valued at $1,757,000 after acquiring an additional 5,179 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Astoria Financial Corporation by 3,858.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 154,526 shares of the savings and loans company’s stock valued at $3,170,000 after acquiring an additional 150,622 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Astoria Financial Corporation by 5.2% in the 2nd quarter. Aperio Group LLC now owns 17,926 shares of the savings and loans company’s stock valued at $361,000 after acquiring an additional 893 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

A number of brokerages recently weighed in on AF. BidaskClub raised Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price objective on shares of Astoria Financial Corporation in a research note on Friday, June 16th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.50 price objective on shares of Astoria Financial Corporation in a research note on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.25.

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Astoria Financial Corporation (NYSE:AF) opened at 20.79 on Friday. The company has a 50 day moving average price of $19.50 and a 200-day moving average price of $19.89. Astoria Financial Corporation has a 52 week low of $14.11 and a 52 week high of $21.66. The company has a market capitalization of $2.09 billion, a P/E ratio of 36.22 and a beta of 0.55.

Astoria Financial Corporation (NYSE:AF) last issued its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. The firm had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Astoria Financial Corporation will post $0.54 earnings per share for the current fiscal year.

In related news, Vice Chairman Gerard C. Keegan sold 65,600 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $19.21, for a total transaction of $1,260,176.00. Following the completion of the transaction, the insider now directly owns 197,814 shares of the company’s stock, valued at $3,800,006.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Monte N. Redman sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $20.10, for a total value of $1,005,000.00. The disclosure for this sale can be found here. Insiders have sold 435,902 shares of company stock valued at $8,613,709 over the last three months. Insiders own 9.76% of the company’s stock.

About Astoria Financial Corporation

Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary 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, primarily 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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Institutional Ownership by Quarter for Astoria Financial Corporation (NYSE:AF)

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