Vector Group Ltd (VGR) Shares Bought by Squarepoint Ops LLC
Squarepoint Ops LLC increased its holdings in shares of Vector Group Ltd (NYSE:VGR) by 159.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 94,444 shares of the company’s stock after purchasing an additional 58,044 shares during the period. Squarepoint Ops LLC owned 0.07% of Vector Group worth $919,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. American International Group Inc. boosted its holdings in shares of Vector Group by 4.9% during the third quarter. American International Group Inc. now owns 117,027 shares of the company’s stock worth $1,613,000 after acquiring an additional 5,449 shares during the period. MetLife Investment Advisors LLC boosted its stake in shares of Vector Group by 45.3% in the third quarter. MetLife Investment Advisors LLC now owns 68,545 shares of the company’s stock valued at $945,000 after buying an additional 21,383 shares during the period. Creative Planning boosted its stake in shares of Vector Group by 4.5% in the fourth quarter. Creative Planning now owns 97,258 shares of the company’s stock valued at $946,000 after buying an additional 4,220 shares during the period. Stevens Capital Management LP boosted its stake in shares of Vector Group by 117.2% in the fourth quarter. Stevens Capital Management LP now owns 31,611 shares of the company’s stock valued at $308,000 after buying an additional 17,055 shares during the period. Finally, KBC Group NV bought a new stake in shares of Vector Group in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 55.47% of the company’s stock.
Several equities research analysts recently issued reports on the company. Oppenheimer reiterated a “hold” rating on shares of Vector Group in a research note on Thursday, February 28th. Zacks Investment Research upgraded Vector Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, January 30th.
Vector Group (NYSE:VGR) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. Vector Group had a negative return on equity of 18.85% and a net margin of 3.11%. On average, research analysts predict that Vector Group Ltd will post 0.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 14.84%. The ex-dividend date of this dividend was Monday, March 18th. Vector Group’s dividend payout ratio (DPR) is currently 275.86%.
Vector Group Company Profile
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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