Astoria Financial Corporation (AF) Holdings Increased by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of Astoria Financial Corporation (NYSE:AF) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,102,998 shares of the savings and loans company’s stock after buying an additional 40,354 shares during the period. Northern Trust Corp owned about 2.09% of Astoria Financial Corporation worth $42,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GSA Capital Partners LLP raised its holdings in Astoria Financial Corporation by 0.7% during the 2nd quarter. GSA Capital Partners LLP now owns 13,385 shares of the savings and loans company’s stock worth $270,000 after buying an additional 91 shares during the period. Louisiana State Employees Retirement System raised its holdings in Astoria Financial Corporation by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the savings and loans company’s stock worth $752,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its holdings in Astoria Financial Corporation by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,708 shares of the savings and loans company’s stock worth $961,000 after buying an additional 200 shares during the period. US Bancorp DE raised its holdings in Astoria Financial Corporation by 2.3% during the 1st quarter. US Bancorp DE now owns 9,703 shares of the savings and loans company’s stock worth $199,000 after buying an additional 222 shares during the period. Finally, Amalgamated Bank raised its holdings in Astoria Financial Corporation by 1.8% during the 2nd quarter. Amalgamated Bank now owns 12,680 shares of the savings and loans company’s stock worth $256,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

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In other news, insider Monte N. Redman sold 47,434 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.82, for a total transaction of $940,141.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Monte N. Redman sold 84,942 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $20.02, for a total value of $1,700,538.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 435,902 shares of company stock worth $8,613,709. 9.76% of the stock is currently owned by insiders.

Astoria Financial Corporation (NYSE:AF) opened at 21.50 on Wednesday. The stock has a 50 day moving average price of $19.50 and a 200-day moving average price of $19.89. The firm has a market cap of $2.16 billion, a P/E ratio of 37.46 and a beta of 0.58. Astoria Financial Corporation has a one year low of $14.11 and a one year high of $21.90.

Astoria Financial Corporation (NYSE:AF) last released its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $90.38 million for the quarter, compared to analyst estimates of $91.76 million. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. Astoria Financial Corporation’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Analysts predict that Astoria Financial Corporation will post $0.55 EPS for the current fiscal year.

Several research firms have issued reports on AF. Jefferies Group LLC restated a “hold” rating and set a $17.00 price objective on shares of Astoria Financial Corporation in a report on Friday, June 16th. BidaskClub upgraded Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $25.50 price objective on shares of Astoria Financial Corporation in a report on Sunday, September 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.25.

Astoria Financial Corporation Profile

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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