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

International Assets Investment Management LLC raised its stake in Vector Group Ltd. (NYSE:VGR) by 1,028.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,849 shares of the company’s stock after acquiring an additional 17,178 shares during the quarter. International Assets Investment Management LLC’s holdings in Vector Group were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in Vector Group by 51.9% in the 3rd quarter. CWM LLC now owns 2,892 shares of the company’s stock valued at $31,000 after buying an additional 988 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Vector Group during the third quarter worth about $43,000. Antonetti Capital Management LLC increased its position in shares of Vector Group by 34.6% in the third quarter. Antonetti Capital Management LLC now owns 5,840 shares of the company’s stock worth $62,000 after purchasing an additional 1,500 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Vector Group in the third quarter valued at approximately $68,000. Finally, Covestor Ltd lifted its position in Vector Group by 16.8% during the third quarter. Covestor Ltd now owns 9,902 shares of the company’s stock valued at $106,000 after purchasing an additional 1,424 shares during the last quarter. 64.09% of the stock is owned by institutional investors.

Vector Group Price Performance

Shares of NYSE:VGR opened at $10.27 on Monday. The company’s fifty day moving average price is $10.70 and its 200-day moving average price is $10.79. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 8.85 and a beta of 1.02. Vector Group Ltd. has a one year low of $9.80 and a one year high of $13.43.

Vector Group (NYSE:VGR) last released its 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. Vector Group had a negative return on equity of 24.93% and a net margin of 12.89%. The business had revenue of $360.35 million for the quarter, compared to analysts’ expectations of $357.60 million. As a group, equities research analysts expect that Vector Group Ltd. will post 1.24 EPS for the current year.

Vector Group Dividend Announcement

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