Vector Group Ltd. (VGR) Shares Bought by Voya Investment Management LLC
Voya Investment Management LLC increased its holdings in Vector Group Ltd. (NYSE:VGR) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,168,179 shares of the company’s stock after buying an additional 38,782 shares during the period. Voya Investment Management LLC owned 0.91% of Vector Group worth $24,905,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VGR. Renaissance Technologies LLC raised its position in shares of Vector Group by 14.3% in the first quarter. Renaissance Technologies LLC now owns 7,542,903 shares of the company’s stock valued at $156,892,000 after buying an additional 942,683 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Vector Group by 3.5% in the first quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock valued at $180,077,000 after buying an additional 288,771 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Vector Group by 83.9% in the second quarter. TIAA CREF Investment Management LLC now owns 460,071 shares of the company’s stock valued at $9,809,000 after buying an additional 209,830 shares in the last quarter. TCW Group Inc. acquired a new stake in shares of Vector Group in the first quarter valued at approximately $4,251,000. Finally, State Street Corp raised its position in shares of Vector Group by 7.6% in the first quarter. State Street Corp now owns 1,929,674 shares of the company’s stock valued at $40,137,000 after buying an additional 136,772 shares in the last quarter. Institutional investors own 45.35% of the company’s stock.
Shares of Vector Group Ltd. (NYSE:VGR) opened at 20.47 on Friday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 58.15 and a beta of 0.45. Vector Group Ltd. has a 52-week low of $18.70 and a 52-week high of $22.13. The stock has a 50 day moving average of $20.26 and a 200-day moving average of $20.22.
Vector Group (NYSE:VGR) last released its quarterly earnings data on Friday, August 4th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The company had revenue of $472.00 million during the quarter, compared to the consensus estimate of $449.40 million. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. Vector Group’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. Equities analysts expect that Vector Group Ltd. will post $0.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Wednesday, September 20th were issued a $0.40 dividend. The ex-dividend date was Tuesday, September 19th. This is an increase from Vector Group’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 7.82%. Vector Group’s dividend payout ratio (DPR) is 430.77%.
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A number of equities research analysts have recently weighed in on VGR shares. BidaskClub downgraded shares of Vector Group from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Vector Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, TheStreet downgraded shares of Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th.
About Vector Group
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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