Ameriprise Financial Inc. grew its stake in shares of Astoria Financial Corporation (NYSE:AF) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 489,753 shares of the savings and loans company’s stock after purchasing an additional 2,441 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.49% of Astoria Financial Corporation worth $9,868,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in Astoria Financial Corporation during the first quarter worth approximately $163,000. US Bancorp DE raised its holdings in Astoria Financial Corporation by 2.3% during the first quarter. US Bancorp DE now owns 9,703 shares of the savings and loans company’s stock worth $199,000 after purchasing an additional 222 shares in the last quarter. HighTower Advisors LLC raised its holdings in Astoria Financial Corporation by 47.7% during the first quarter. HighTower Advisors LLC now owns 16,137 shares of the savings and loans company’s stock worth $331,000 after purchasing an additional 5,213 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Astoria Financial Corporation during the first quarter worth approximately $349,000. Finally, Aperio Group LLC raised its holdings in Astoria Financial Corporation by 5.2% during the second quarter. Aperio Group LLC now owns 17,926 shares of the savings and loans company’s stock worth $361,000 after purchasing an additional 893 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors.
In other news, insider Monte N. Redman sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.10, for a total transaction of $1,005,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Monte N. Redman sold 84,942 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $20.02, for a total value of $1,700,538.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 435,902 shares of company stock valued at $8,613,709. Company insiders own 9.76% of the company’s stock.
A number of research firms have weighed in on AF. BidaskClub raised shares of Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set 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 set a $25.50 price objective on shares of Astoria Financial Corporation in a report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.25.
Shares of Astoria Financial Corporation (AF) opened at 21.50 on Friday. Astoria Financial Corporation has a 12-month low of $14.11 and a 12-month high of $21.90. The firm’s 50-day moving average is $19.79 and its 200-day moving average is $19.92. The firm has a market cap of $2.16 billion, a PE ratio of 37.46 and a beta of 0.58.
Astoria Financial Corporation (NYSE:AF) last released its earnings results on Wednesday, July 26th. The savings and loans company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. Equities analysts expect that Astoria Financial Corporation will post $0.55 earnings per share for the current fiscal year.
About Astoria Financial Corporation
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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