Principal Financial Group Inc. increased its holdings in Astoria Financial Corporation (NYSE:AF) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 707,944 shares of the savings and loans company’s stock after buying an additional 4,400 shares during the quarter. Principal Financial Group Inc. owned 0.70% of Astoria Financial Corporation worth $14,265,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AF. Ameritas Investment Partners Inc. purchased a new position in shares of Astoria Financial Corporation in the first quarter worth approximately $163,000. US Bancorp DE boosted its holdings in shares of Astoria Financial Corporation by 2.3% in the first quarter. US Bancorp DE now owns 9,703 shares of the savings and loans company’s stock worth $199,000 after buying an additional 222 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Astoria Financial Corporation by 47.7% in the first quarter. HighTower Advisors LLC now owns 16,137 shares of the savings and loans company’s stock worth $331,000 after buying an additional 5,213 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Astoria Financial Corporation in the first quarter worth approximately $349,000. Finally, Aperio Group LLC boosted its holdings in shares of Astoria Financial Corporation by 5.2% in the second quarter. Aperio Group LLC now owns 17,926 shares of the savings and loans company’s stock worth $361,000 after buying an additional 893 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.
In other Astoria Financial Corporation news, insider Monte N. Redman sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.10, for a total value of $1,005,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Monte N. Redman sold 65,558 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $20.07, for a total value of $1,315,749.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 435,902 shares of company stock worth $8,613,709. 9.76% of the stock is owned by insiders.
A number of research firms recently issued reports on AF. BidaskClub raised shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price objective on shares of Astoria Financial Corporation in a report on Friday, June 16th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.50 price objective on shares of Astoria Financial Corporation in a report on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.25.
Astoria Financial Corporation (NYSE:AF) opened at 20.19 on Wednesday. Astoria Financial Corporation has a 12-month low of $14.11 and a 12-month high of $21.66. The company has a 50 day moving average of $19.50 and a 200-day moving average of $19.89. The stock has a market cap of $2.03 billion, a P/E ratio of 35.17 and a beta of 0.55.
Astoria Financial Corporation (NYSE:AF) last issued its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The firm had revenue of $90.38 million for the quarter, compared to analyst estimates of $91.76 million. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. Astoria Financial Corporation’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Equities analysts forecast that Astoria Financial Corporation will post $0.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were given a $0.04 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 0.79%. Astoria Financial Corporation’s dividend payout ratio is currently 27.59%.
Astoria Financial Corporation Profile
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.
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