TD Asset Management Inc. reduced its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 17.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 819,270 shares of the financial services provider’s stock after selling 174,039 shares during the period. TD Asset Management Inc.’s holdings in New York Community Bancorp were worth $10,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of New York Community Bancorp by 6,643.8% in the first quarter. BlackRock Inc. now owns 51,206,275 shares of the financial services provider’s stock valued at $715,351,000 after buying an additional 50,446,961 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of New York Community Bancorp by 4.6% in the first quarter. Vanguard Group Inc. now owns 39,860,379 shares of the financial services provider’s stock valued at $556,850,000 after buying an additional 1,759,241 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of New York Community Bancorp by 176.3% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,500,000 shares of the financial services provider’s stock valued at $137,865,000 after buying an additional 6,700,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of New York Community Bancorp by 8.0% in the first quarter. Renaissance Technologies LLC now owns 9,646,677 shares of the financial services provider’s stock valued at $134,764,000 after buying an additional 711,895 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of New York Community Bancorp by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 6,164,092 shares of the financial services provider’s stock valued at $86,111,000 after buying an additional 248,015 shares in the last quarter. Institutional investors own 58.88% of the company’s stock.

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) opened at 12.48 on Tuesday. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 13.58 and a beta of 0.58. New York Community Bancorp, Inc. has a 1-year low of $12.17 and a 1-year high of $17.68. The stock’s 50 day moving average price is $12.95 and its 200-day moving average price is $13.67.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million during the quarter, compared to analysts’ expectations of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same quarter in the previous year, the business earned $0.26 EPS. On average, equities research analysts forecast that New York Community Bancorp, Inc. will post $0.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio (DPR) is 73.91%.

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Several analysts have issued reports on the company. BidaskClub raised New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. FBR & Co cut their target price on New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating for the company in a research note on Thursday, April 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $13.50 target price on shares of New York Community Bancorp in a research note on Wednesday, April 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.75 target price (down previously from $14.00) on shares of New York Community Bancorp in a research note on Friday, July 7th. Finally, Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. New York Community Bancorp currently has an average rating of “Hold” and an average target price of $14.46.

About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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