Federated Hermes Inc. Cuts Stake in Vector Group Ltd. (NYSE:VGR)

Federated Hermes Inc. decreased its stake in Vector Group Ltd. (NYSE:VGR) by 45.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,068 shares of the company’s stock after selling 148,394 shares during the period. Federated Hermes Inc.’s holdings in Vector Group were worth $2,042,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VGR. Invesco Ltd. lifted its holdings in Vector Group by 24.2% in the 3rd quarter. Invesco Ltd. now owns 1,249,177 shares of the company’s stock worth $13,291,000 after buying an additional 243,214 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Vector Group by 4.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,042,075 shares of the company’s stock valued at $11,088,000 after purchasing an additional 41,167 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Vector Group by 14.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 822,119 shares of the company’s stock valued at $8,747,000 after purchasing an additional 101,171 shares in the last quarter. Insight Folios Inc increased its holdings in Vector Group by 3.4% during the 4th quarter. Insight Folios Inc now owns 657,988 shares of the company’s stock worth $7,422,000 after purchasing an additional 21,930 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Vector Group by 95.7% in the 3rd quarter. Deutsche Bank AG now owns 534,358 shares of the company’s stock valued at $5,686,000 after purchasing an additional 261,358 shares in the last quarter. Institutional investors and hedge funds own 64.09% of the company’s stock.

Vector Group Trading Down 0.6 %

Vector Group stock opened at $10.27 on Monday. Vector Group Ltd. has a 52 week low of $9.80 and a 52 week high of $13.43. The stock has a market cap of $1.62 billion, a P/E ratio of 8.85 and a beta of 1.02. The stock has a 50 day moving average of $10.70 and a 200-day moving average of $10.79.

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

Vector Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 7.79%. The ex-dividend date was Friday, March 1st. Vector Group’s dividend payout ratio is currently 68.97%.

Vector Group Company 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.