American International Group Inc. decreased its position in Astoria Financial Corp (NYSE:AF) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,396 shares of the savings and loans company’s stock after selling 7,099 shares during the quarter. American International Group Inc. owned 0.06% of Astoria Financial worth $1,342,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in shares of Astoria Financial by 29.0% during the 3rd quarter. SG Americas Securities LLC now owns 199,232 shares of the savings and loans company’s stock valued at $4,283,000 after buying an additional 44,777 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Astoria Financial by 61.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 34,840 shares of the savings and loans company’s stock valued at $749,000 after buying an additional 13,200 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Astoria Financial by 148.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 203,448 shares of the savings and loans company’s stock valued at $4,374,000 after buying an additional 121,672 shares during the last quarter. Connable Office Inc. purchased a new position in shares of Astoria Financial during the 3rd quarter valued at approximately $202,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Astoria Financial during the 3rd quarter valued at approximately $441,000. 83.63% of the stock is owned by institutional investors.
Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.50 target price on shares of Astoria Financial in a research note on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Astoria Financial presently has a consensus rating of “Hold” and an average target price of $20.25.
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Astoria Financial Company 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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