International Assets Investment Management LLC Raises Stake in Vector Group Ltd. (NYSE:VGR)

International Assets Investment Management LLC lifted its position in Vector Group Ltd. (NYSE:VGR) by 1,028.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,849 shares of the company’s stock after purchasing an additional 17,178 shares during the quarter. International Assets Investment Management LLC’s holdings in Vector Group were worth $213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clark Estates Inc. NY purchased a new position in shares of Vector Group in the third quarter worth $3,000,000. Deutsche Bank AG lifted its stake in Vector Group by 95.7% in the 3rd quarter. Deutsche Bank AG now owns 534,358 shares of the company’s stock worth $5,686,000 after purchasing an additional 261,358 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Vector Group by 24.2% during the 3rd quarter. Invesco Ltd. now owns 1,249,177 shares of the company’s stock valued at $13,291,000 after purchasing an additional 243,214 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Vector Group during the third quarter valued at about $1,310,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Vector Group by 14.0% in 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 during the last quarter. 64.09% of the stock is currently owned by institutional investors.

Vector Group Price Performance

NYSE:VGR opened at $10.27 on Monday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 8.85 and a beta of 1.02. Vector Group Ltd. has a 1 year low of $9.80 and a 1 year high of $13.43. The stock’s 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $10.79.

Vector Group (NYSE:VGR) last announced its quarterly earnings results 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 during 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, analysts anticipate that Vector Group Ltd. will post 1.24 EPS for the current year.

Vector Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, March 4th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date was Friday, March 1st. Vector Group’s dividend payout ratio (DPR) is 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.