Profund Advisors LLC Has $272,000 Stake in Astoria Financial Corporation (AF)

Profund Advisors LLC cut its position in Astoria Financial Corporation (NYSE:AF) by 31.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,507 shares of the savings and loans company’s stock after selling 6,196 shares during the quarter. Profund Advisors LLC’s holdings in Astoria Financial Corporation were worth $272,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Laurion Capital Management LP acquired a new position in shares of Astoria Financial Corporation in the 2nd quarter valued at approximately $429,000. Stevens Capital Management LP acquired a new position in shares of Astoria Financial Corporation in the 2nd quarter valued at approximately $774,000. Amalgamated Bank raised its position in shares of Astoria Financial Corporation by 1.8% in the 2nd quarter. Amalgamated Bank now owns 12,680 shares of the savings and loans company’s stock valued at $256,000 after buying an additional 224 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Astoria Financial Corporation by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 489,753 shares of the savings and loans company’s stock valued at $9,868,000 after buying an additional 2,441 shares in the last quarter. Finally, Alpine Associates Management Inc. raised its position in shares of Astoria Financial Corporation by 98.4% in the 2nd quarter. Alpine Associates Management Inc. now owns 245,728 shares of the savings and loans company’s stock valued at $4,950,000 after buying an additional 121,900 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

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A number of research firms recently issued reports on AF. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price objective on shares of Astoria Financial Corporation in a research report on Friday, June 16th. BidaskClub upgraded shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.50 price objective on shares of Astoria Financial Corporation in a research report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $20.25.

Astoria Financial Corporation (AF) opened at 21.50 on Wednesday. The company’s 50-day moving average is $19.50 and its 200-day moving average is $19.89. The firm has a market capitalization of $2.16 billion, a PE ratio of 37.46 and a beta of 0.58. Astoria Financial Corporation has a 52-week low of $14.11 and a 52-week high of $21.90.

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, beating the consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The business had revenue of $90.38 million during the quarter, compared to analyst estimates of $91.76 million. During the same period in the previous year, the business posted $0.16 earnings per share. Astoria Financial Corporation’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts forecast that Astoria Financial Corporation will post $0.55 EPS for the current fiscal year.

In other Astoria Financial Corporation news, insider Monte N. Redman sold 84,942 shares of Astoria Financial Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $20.02, for a total transaction of $1,700,538.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Monte N. Redman sold 50,000 shares of Astoria Financial Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $20.10, for a total transaction of $1,005,000.00. The disclosure for this sale can be found ILLEGAL ACTIVITY WARNING: This article was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/11/profund-advisors-llc-has-272000-stake-in-astoria-financial-corporation-af.html.

A number of research firms recently issued reports on AF. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price objective on shares of Astoria Financial Corporation in a research report on Friday, June 16th. BidaskClub upgraded shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.50 price objective on shares of Astoria Financial Corporation in a research report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $20.25.

Astoria Financial Corporation (AF) opened at 21.50 on Wednesday. The company’s 50-day moving average is $19.50 and its 200-day moving average is $19.89. The firm has a market capitalization of $2.16 billion, a PE ratio of 37.46 and a beta of 0.58. Astoria Financial Corporation has a 52-week low of $14.11 and a 52-week high of $21.90.

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, beating the consensus estimate of $0.13 by $0.03. Astoria Financial Corporation had a net margin of 13.52% and a return on equity of 4.21%. The business had revenue of $90.38 million during the quarter, compared to analyst estimates of $91.76 million. During the same period in the previous year, the business posted $0.16 earnings per share. Astoria Financial Corporation’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts forecast that Astoria Financial Corporation will post $0.55 EPS for the current fiscal year.

In other Astoria Financial Corporation news, insider Monte N. Redman sold 84,942 shares of Astoria Financial Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $20.02, for a total transaction of $1,700,538.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Monte N. Redman sold 50,000 shares of Astoria Financial Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $20.10, for a total transaction of $1,005,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 435,902 shares of company stock valued at $8,613,709. 9.76% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Astoria Financial Corporation (NYSE:AF)

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