Archford Capital Strategies LLC lowered its stake in Vector Group Ltd (NYSE:VGR) by 6.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,866 shares of the company’s stock after selling 5,819 shares during the quarter. Archford Capital Strategies LLC owned approximately 0.06% of Vector Group worth $1,832,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of VGR. Public Employees Retirement System of Ohio lifted its stake in Vector Group by 7.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,114 shares of the company’s stock valued at $109,000 after buying an additional 344 shares in the last quarter. First Trust Advisors LP purchased a new stake in Vector Group in the 3rd quarter valued at approximately $1,010,000. Raymond James Financial Services Advisors Inc. lifted its stake in Vector Group by 58.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 26,731 shares of the company’s stock valued at $547,000 after buying an additional 9,823 shares in the last quarter. Swiss National Bank lifted its stake in Vector Group by 5.0% in the 3rd quarter. Swiss National Bank now owns 168,557 shares of the company’s stock valued at $3,450,000 after buying an additional 8,026 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Vector Group by 5.0% in the 3rd quarter. New York State Common Retirement Fund now owns 105,630 shares of the company’s stock valued at $2,162,000 after buying an additional 5,030 shares in the last quarter. 49.19% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research reaffirmed a “hold” rating on shares of Vector Group in a research note on Saturday, January 13th.
Vector Group (NYSE:VGR) last issued its quarterly earnings results on Thursday, March 1st. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Vector Group had a negative return on equity of 28.77% and a net margin of 4.68%. The business had revenue of $435.70 million for the quarter, compared to analysts’ expectations of $425.80 million. During the same period in the prior year, the company earned $0.12 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts forecast that Vector Group Ltd will post 0.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend is Monday, March 19th. Vector Group’s dividend payout ratio is presently 284.75%.
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Vector Group Company 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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