Vector Group Ltd. (NYSE:VGR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Vector Group Ltd. (NYSE:VGR) by 23.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,837 shares of the company’s stock after selling 7,204 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vector Group were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in Vector Group by 95.7% during the third 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. Jacobs Levy Equity Management Inc. lifted its stake in Vector Group by 14.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 822,119 shares of the company’s stock valued at $8,747,000 after buying an additional 101,171 shares in the last quarter. Invesco Ltd. boosted 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 during the last quarter. Mackenzie Financial Corp increased its stake in Vector Group by 21.4% during the 3rd quarter. Mackenzie Financial Corp now owns 61,222 shares of the company’s stock worth $636,000 after buying an additional 10,790 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Vector Group by 14.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 438,528 shares of the company’s stock worth $4,666,000 after buying an additional 56,538 shares in the last quarter. Institutional investors and hedge funds own 64.09% of the company’s stock.

Vector Group Price Performance

NYSE VGR opened at $9.81 on Monday. Vector Group Ltd. has a 1-year low of $9.27 and a 1-year high of $13.43. The company has a market cap of $1.54 billion, a PE ratio of 8.46 and a beta of 1.06. The stock’s 50 day simple moving average is $10.59 and its 200-day simple moving average is $10.76.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Vector Group had a net margin of 12.98% and a negative return on equity of 25.62%. The firm had revenue of $324.57 million during the quarter, compared to analysts’ expectations of $333.30 million. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts anticipate that Vector Group Ltd. will post 1.16 EPS for the current fiscal year.

Vector Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.80 annualized dividend and a yield of 8.15%. 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.