Vector Group Ltd (VGR) Stake Raised by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its stake in shares of Vector Group Ltd (NYSE:VGR) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,067 shares of the company’s stock after buying an additional 12,738 shares during the period. UBS Asset Management Americas Inc.’s holdings in Vector Group were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in shares of Vector Group by 17.7% during the fourth quarter. Advisory Services Network LLC now owns 53,131 shares of the company’s stock valued at $1,189,000 after buying an additional 8,007 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Vector Group by 1.1% during the fourth quarter. Global X Management Co. LLC now owns 837,867 shares of the company’s stock valued at $18,751,000 after buying an additional 9,410 shares during the last quarter. First Trust Advisors LP raised its position in shares of Vector Group by 115.8% during the fourth quarter. First Trust Advisors LP now owns 106,477 shares of the company’s stock valued at $2,383,000 after buying an additional 57,142 shares during the last quarter. Swiss National Bank raised its position in shares of Vector Group by 2.4% during the fourth quarter. Swiss National Bank now owns 172,657 shares of the company’s stock valued at $3,864,000 after buying an additional 4,100 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Vector Group by 43.5% during the fourth quarter. Teacher Retirement System of Texas now owns 85,745 shares of the company’s stock valued at $1,919,000 after buying an additional 26,006 shares during the last quarter. Hedge funds and other institutional investors own 49.19% of the company’s stock.

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Shares of VGR stock opened at $19.90 on Friday. The stock has a market cap of $2,694.03, a P/E ratio of 35.42 and a beta of 0.41. The company has a current ratio of 3.00, a quick ratio of 2.56 and a debt-to-equity ratio of -3.83. Vector Group Ltd has a 1 year low of $18.70 and a 1 year high of $23.14.

Vector Group (NYSE:VGR) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $425.80 million. Vector Group had a net margin of 4.68% and a negative return on equity of 28.77%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. sell-side analysts expect that Vector Group Ltd will post 0.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Tuesday, March 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date is Monday, March 19th. Vector Group’s dividend payout ratio (DPR) is presently 284.75%.

Separately, Zacks Investment Research reiterated a “hold” rating on shares of Vector Group in a research report on Saturday, January 13th.

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Vector Group Profile

Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.

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

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