Aurora Investment Counsel bought a new position in Vector Group Ltd (NYSE:VGR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,924 shares of the company’s stock, valued at approximately $1,833,000. Aurora Investment Counsel owned 0.06% of Vector Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Vector Group by 1.5% in the second quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock worth $187,336,000 after purchasing an additional 129,372 shares during the period. Royal Bank of Canada lifted its position in shares of Vector Group by 5.1% during the 2nd quarter. Royal Bank of Canada now owns 5,604,718 shares of the company’s stock valued at $119,493,000 after acquiring an additional 271,168 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vector Group by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,646,146 shares of the company’s stock valued at $54,168,000 after acquiring an additional 141,920 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Vector Group by 4.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,302,262 shares of the company’s stock valued at $47,127,000 after acquiring an additional 90,678 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Vector Group by 4.9% during the 2nd quarter. State Street Corp now owns 2,024,055 shares of the company’s stock valued at $43,152,000 after acquiring an additional 94,381 shares during the last quarter. Hedge funds and other institutional investors own 47.13% of the company’s stock.
Shares of Vector Group Ltd (NYSE VGR) opened at $21.57 on Friday. Vector Group Ltd has a one year low of $18.70 and a one year high of $23.14. The company has a debt-to-equity ratio of -3.97, a quick ratio of 2.29 and a current ratio of 2.61. The stock has a market cap of $2,910.00, a price-to-earnings ratio of 67.41 and a beta of 0.44.
Vector Group (NYSE:VGR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. Vector Group had a net margin of 2.60% and a negative return on equity of 32.02%. The business had revenue of $484.60 million for the quarter, compared to the consensus estimate of $448.00 million. During the same period in the prior year, the business posted $0.18 earnings per share. Vector Group’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities research analysts anticipate that Vector Group Ltd will post 0.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Tuesday, December 19th. Vector Group’s payout ratio is 500.00%.
Separately, Zacks Investment Research raised shares of Vector Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Friday, November 10th.
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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