SG Americas Securities LLC Increases Stake in Vector Group Ltd. (VGR)
SG Americas Securities LLC grew its holdings in Vector Group Ltd. (NYSE:VGR) by 25.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 55,931 shares of the company’s stock after buying an additional 11,187 shares during the period. SG Americas Securities LLC’s holdings in Vector Group were worth $1,145,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in VGR. Parametrica Management Ltd acquired a new position in Vector Group during the third quarter worth about $217,000. Goldman Sachs Group Inc. grew its position in Vector Group by 31.7% during the second quarter. Goldman Sachs Group Inc. now owns 153,868 shares of the company’s stock worth $3,280,000 after buying an additional 37,045 shares during the period. Jensen Investment Management Inc. grew its position in Vector Group by 24.2% during the second quarter. Jensen Investment Management Inc. now owns 28,322 shares of the company’s stock worth $604,000 after buying an additional 5,510 shares during the period. Bank of Nova Scotia acquired a new position in Vector Group during the second quarter worth about $12,230,000. Finally, New York State Common Retirement Fund grew its position in Vector Group by 12.2% during the second quarter. New York State Common Retirement Fund now owns 100,600 shares of the company’s stock worth $2,145,000 after buying an additional 10,899 shares during the period. 47.13% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on VGR shares. BidaskClub upgraded shares of Vector Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Vector Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Friday, November 10th.
Vector Group Ltd. (NYSE VGR) traded up $0.19 during mid-day trading on Friday, hitting $22.68. 640,779 shares of the stock traded hands, compared to its average volume of 684,564. The firm has a market capitalization of $3,070.00, a price-to-earnings ratio of 34.23 and a beta of 0.43. Vector Group Ltd. has a twelve month low of $18.70 and a twelve month high of $22.68. The company has a quick ratio of 2.29, a current ratio of 2.61 and a debt-to-equity ratio of -3.97.
Vector Group (NYSE:VGR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $484.60 million for the quarter, compared to analyst estimates of $448.00 million. Vector Group had a net margin of 2.60% and a negative return on equity of 32.02%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 earnings per share. sell-side analysts expect that Vector Group Ltd. will post 0.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th will be given a $0.40 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $1.60 annualized dividend and a dividend yield of 7.05%. Vector Group’s dividend payout ratio is presently 500.00%.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
Want to see what other hedge funds are holding VGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vector Group Ltd. (NYSE:VGR).
Receive News & Ratings for Vector Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.