Cipher Capital LP decreased its position in shares of Vector Group Ltd. (NYSE:VGR) by 69.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,424 shares of the company’s stock after selling 32,473 shares during the period. Cipher Capital LP’s holdings in Vector Group were worth $307,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in VGR. Bank of Montreal Can raised its stake in Vector Group by 27.0% during the first quarter. Bank of Montreal Can now owns 20,961 shares of the company’s stock worth $435,000 after purchasing an additional 4,460 shares during the period. Waldron LP purchased a new position in Vector Group during the first quarter worth approximately $202,000. Russell Investments Group Ltd. raised its stake in Vector Group by 43.6% during the first quarter. Russell Investments Group Ltd. now owns 200,761 shares of the company’s stock worth $4,175,000 after purchasing an additional 60,989 shares during the period. First Trust Advisors LP raised its stake in Vector Group by 284.7% during the first quarter. First Trust Advisors LP now owns 68,734 shares of the company’s stock worth $1,430,000 after purchasing an additional 50,867 shares during the period. Finally, Swiss National Bank raised its stake in Vector Group by 2.0% during the first quarter. Swiss National Bank now owns 160,531 shares of the company’s stock worth $3,339,000 after purchasing an additional 3,200 shares during the period. 47.68% of the stock is currently owned by institutional investors and hedge funds.
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Vector Group Ltd. (NYSE:VGR) opened at 21.76 on Tuesday. Vector Group Ltd. has a 1-year low of $19.63 and a 1-year high of $23.24. The firm’s 50-day moving average is $21.11 and its 200-day moving average is $21.26. The stock has a market cap of $2.80 billion, a P/E ratio of 58.81 and a beta of 0.45.
Vector Group (NYSE:VGR) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The business had revenue of $472 million during the quarter, compared to analysts’ expectations of $449.40 million. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. On average, analysts forecast that Vector Group Ltd. will post $0.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.40 per share. This is a boost from Vector Group’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Tuesday, September 19th. Vector Group’s dividend payout ratio (DPR) is currently 410.26%.
A number of equities analysts have weighed in on VGR shares. Zacks Investment Research downgraded shares of Vector Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. BidaskClub downgraded shares of Vector Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, TheStreet downgraded shares of Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th.
Vector Group 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.
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