ARP Americas LLC Reduces Stake in Astoria Financial Corp (AF)
ARP Americas LLC lowered its stake in shares of Astoria Financial Corp (NYSE:AF) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 592,245 shares of the savings and loans company’s stock after selling 113,553 shares during the period. Astoria Financial Corp accounts for 4.2% of ARP Americas LLC’s holdings, making the stock its 9th biggest position. ARP Americas LLC owned about 0.59% of Astoria Financial Corp worth $12,733,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Astoria Financial Corp by 50,276.1% in the 1st quarter. BlackRock Inc. now owns 11,575,917 shares of the savings and loans company’s stock valued at $237,422,000 after acquiring an additional 11,552,938 shares during the period. Chicago Capital Management LLC raised its stake in Astoria Financial Corp by 3,701.7% in the 2nd quarter. Chicago Capital Management LLC now owns 1,504,105 shares of the savings and loans company’s stock valued at $30,308,000 after acquiring an additional 1,464,541 shares during the period. Thrivent Financial For Lutherans raised its stake in Astoria Financial Corp by 1,631.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 894,710 shares of the savings and loans company’s stock valued at $18,028,000 after acquiring an additional 843,030 shares during the period. Vanguard Group Inc. raised its stake in Astoria Financial Corp by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 8,317,980 shares of the savings and loans company’s stock valued at $170,601,000 after acquiring an additional 540,568 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Astoria Financial Corp by 118.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 582,116 shares of the savings and loans company’s stock valued at $11,939,000 after acquiring an additional 316,200 shares during the period. Institutional investors own 83.63% of the company’s stock.
In related news, Vice Chairman Gerard C. Keegan sold 34,153 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $19.94, for a total transaction of $681,010.82. Following the sale, the insider now directly owns 228,414 shares in the company, valued at approximately $4,554,575.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Monte N. Redman sold 65,558 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $20.07, for a total value of $1,315,749.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 300,960 shares of company stock worth $5,908,170. Corporate insiders own 9.76% of the company’s stock.
A number of equities research analysts recently weighed in on the company. BidaskClub cut Astoria Financial Corp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.50 price target on shares of Astoria Financial Corp in a research note on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $20.25.
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Astoria Financial Corp 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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