Astoria Financial Corporation (NYSE:AF) Position Decreased by UBS Group AG

UBS Group AG reduced its position in shares of Astoria Financial Corporation (NYSE:AF) by 97.5% during the first quarter, Holdings Channel reports. The firm owned 27,140 shares of the savings and loans company’s stock after selling 1,056,532 shares during the period. UBS Group AG’s holdings in Astoria Financial Corporation were worth $556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of Astoria Financial Corporation during the first quarter worth $2,558,000. Hennessy Advisors Inc. boosted its stake in shares of Astoria Financial Corporation by 58.3% in the first quarter. Hennessy Advisors Inc. now owns 285,000 shares of the savings and loans company’s stock worth $5,845,000 after buying an additional 105,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Astoria Financial Corporation by 424.6% in the first quarter. Russell Investments Group Ltd. now owns 108,312 shares of the savings and loans company’s stock worth $2,222,000 after buying an additional 87,666 shares in the last quarter. ARP Americas LLC acquired a new stake in shares of Astoria Financial Corporation during the first quarter worth $10,227,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Astoria Financial Corporation by 30.7% in the first quarter. Nationwide Fund Advisors now owns 101,603 shares of the savings and loans company’s stock worth $2,084,000 after buying an additional 23,844 shares in the last quarter. 86.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Astoria Financial Corporation (AF) opened at 19.59 on Thursday. The firm has a market cap of $1.97 billion, a PE ratio of 33.89 and a beta of 0.56. Astoria Financial Corporation has a 52 week low of $14.11 and a 52 week high of $21.66. The company’s 50-day moving average is $20.07 and its 200-day moving average is $19.66.

Astoria Financial Corporation (NYSE:AF) last announced its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. Astoria Financial Corporation had a return on equity of 4.26% and a net margin of 13.45%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Analysts forecast that Astoria Financial Corporation will post $0.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.82%. Astoria Financial Corporation’s dividend payout ratio is 27.59%.

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A number of brokerages recently weighed in on AF. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price target on shares of Astoria Financial Corporation in a research note on Friday, June 16th. Keefe, Bruyette & Woods upgraded shares of Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 price target for the company in a research note on Thursday, April 27th. Finally, BidaskClub cut shares of Astoria Financial Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.25.

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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