Vector Group Ltd. (NYSE:VGR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Vector Group Ltd. (NYSE:VGR) by 41.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,539 shares of the company’s stock after selling 63,150 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vector Group were worth $1,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG raised its stake in Vector Group by 95.7% in the third quarter. Deutsche Bank AG now owns 534,358 shares of the company’s stock valued at $5,686,000 after buying an additional 261,358 shares in the last quarter. Invesco Ltd. increased its position in shares of Vector Group by 24.2% during the third quarter. Invesco Ltd. now owns 1,249,177 shares of the company’s stock worth $13,291,000 after purchasing an additional 243,214 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Vector Group by 14.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 822,119 shares of the company’s stock worth $8,747,000 after purchasing an additional 101,171 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Vector Group by 21.4% during the third quarter. Mackenzie Financial Corp now owns 61,222 shares of the company’s stock worth $636,000 after purchasing an additional 10,790 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Vector Group by 14.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 438,528 shares of the company’s stock worth $4,666,000 after purchasing an additional 56,538 shares in the last quarter. 64.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VGR has been the topic of a number of research analyst reports. StockNews.com upgraded Vector Group from a “hold” rating to a “buy” rating in a research report on Tuesday, December 26th. TheStreet cut Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th.

Vector Group Stock Up 0.1 %

NYSE VGR opened at $10.45 on Wednesday. Vector Group Ltd. has a 52-week low of $9.80 and a 52-week high of $13.43. The business’s 50-day moving average price is $10.77 and its 200 day moving average price is $10.80. The firm has a market cap of $1.65 billion, a P/E ratio of 9.01 and a beta of 1.02.

Vector Group (NYSE:VGR) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10. Vector Group had a negative return on equity of 24.93% and a net margin of 12.89%. The firm had revenue of $360.35 million for the quarter, compared to analyst estimates of $357.60 million. As a group, analysts anticipate that Vector Group Ltd. will post 1.24 earnings per share for the current year.

Vector Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, March 4th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend was Friday, March 1st. Vector Group’s dividend payout ratio is presently 68.97%.

Vector Group Profile

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.