Astoria Financial Corp. (AF) Stake Held by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC held its position in Astoria Financial Corp. (NYSE:AF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,390 shares of the company’s stock at the end of the second quarter. Janney Montgomery Scott LLC’s holdings in Astoria Financial Corp. were worth $228,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in AF. PNC Financial Services Group Inc. increased its position in Astoria Financial Corp. by 2.3% in the second quarter. PNC Financial Services Group Inc. now owns 21,167 shares of the company’s stock valued at $325,000 after buying an additional 475 shares during the period. Commonwealth Equity Services Inc increased its position in Astoria Financial Corp. by 10.0% in the second quarter. Commonwealth Equity Services Inc now owns 13,554 shares of the company’s stock worth $208,000 after buying an additional 1,230 shares during the period. Gabelli Funds LLC increased its position in Astoria Financial Corp. by 124.6% in the second quarter. Gabelli Funds LLC now owns 584,000 shares of the company’s stock worth $8,953,000 after buying an additional 324,000 shares during the period. Gamco Investors INC. ET AL increased its position in Astoria Financial Corp. by 69.4% in the second quarter. Gamco Investors INC. ET AL now owns 257,500 shares of the company’s stock worth $3,947,000 after buying an additional 105,500 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in Astoria Financial Corp. during the second quarter worth approximately $18,458,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.
Shares of Astoria Financial Corp. (NYSE:AF) traded down 0.54% during midday trading on Monday, reaching $14.67. The company’s stock had a trading volume of 275,605 shares. Astoria Financial Corp. has a 12 month low of $13.92 and a 12 month high of $18.13. The stock has a market capitalization of $1.47 billion, a P/E ratio of 22.64 and a beta of 0.94. The stock’s 50-day moving average is $14.93 and its 200 day moving average is $15.23.
Astoria Financial Corp. (NYSE:AF) last issued its earnings results on Wednesday, July 27th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Astoria Financial Corp. had a return on equity of 4.81% and a net margin of 14.49%. During the same period in the prior year, the company earned $0.27 EPS. On average, analysts expect that Astoria Financial Corp. will post $0.61 earnings per share for the current fiscal year.
AF has been the topic of a number of research reports. TheStreet upgraded Astoria Financial Corp. from a “hold” rating to a “buy” rating in a report on Monday, June 6th. Keefe, Bruyette & Woods cut their price objective on Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of €15.38 ($17.08).
In other Astoria Financial Corp. news, insider Brian T. Edwards sold 8,204 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of €14.60 ($16.22), for a total value of €119,778.40 ($133,087.11). Following the transaction, the insider now owns 55,062 shares in the company, valued at €803,905.20 ($893,228). The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.74% of the stock is owned by company insiders.
About Astoria Financial Corp.
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. Astoria Bank’s 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, 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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