Vector Group Ltd (VGR) Holdings Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Vector Group Ltd (NYSE:VGR) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,155 shares of the company’s stock after selling 2,954 shares during the period. Principal Financial Group Inc.’s holdings in Vector Group were worth $186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VGR. Bank of New York Mellon Corp raised its position in shares of Vector Group by 55.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,384,715 shares of the company’s stock valued at $32,934,000 after purchasing an additional 1,202,354 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of Vector Group in the 4th quarter valued at approximately $8,557,000. Vanguard Group Inc raised its position in shares of Vector Group by 5.6% in the 3rd quarter. Vanguard Group Inc now owns 10,427,922 shares of the company’s stock valued at $143,696,000 after purchasing an additional 556,978 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Vector Group by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,427,922 shares of the company’s stock valued at $143,696,000 after purchasing an additional 556,978 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Vector Group by 212.9% in the 4th quarter. Acadian Asset Management LLC now owns 523,502 shares of the company’s stock valued at $5,094,000 after purchasing an additional 356,201 shares in the last quarter. 55.46% of the stock is currently owned by institutional investors.

Shares of VGR opened at $9.62 on Friday. Vector Group Ltd has a 52-week low of $9.21 and a 52-week high of $20.08. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 16.59 and a beta of 0.71.

Vector Group (NYSE:VGR) last announced its earnings results on Thursday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.09. Vector Group had a negative return on equity of 18.85% and a net margin of 3.11%. The company had revenue of $445.94 million for the quarter, compared to analyst estimates of $444.60 million. Equities research analysts anticipate that Vector Group Ltd will post 0.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 16.63%. The ex-dividend date of this dividend was Monday, March 18th. Vector Group’s dividend payout ratio is currently 275.86%.

VGR has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed a “hold” rating on shares of Vector Group in a research report on Thursday, February 28th. Zacks Investment Research raised Vector Group from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Wednesday, January 30th.

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About Vector Group

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

Further Reading: Producer Price Index (PPI)

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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