17,756 Shares in Vector Group Ltd. (NYSE:VGR) Acquired by Monument Capital Management

Monument Capital Management purchased a new position in shares of Vector Group Ltd. (NYSE:VGR) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 17,756 shares of the company’s stock, valued at approximately $195,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG raised its position in shares of Vector Group by 95.7% in the 3rd 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. Invesco Ltd. raised its position in shares of Vector Group by 24.2% in the 3rd quarter. Invesco Ltd. now owns 1,249,177 shares of the company’s stock valued at $13,291,000 after purchasing an additional 243,214 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of 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 purchasing an additional 101,171 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vector Group by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,160,725 shares of the company’s stock valued at $35,654,000 after purchasing an additional 90,202 shares in the last quarter. Finally, Optimist Retirement Group LLC acquired a new position in shares of Vector Group in the 4th quarter valued at approximately $949,000. 64.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Vector Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 6th.

Vector Group Trading Up 1.1 %

Shares of NYSE VGR opened at $10.96 on Thursday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.45 and a beta of 1.03. The business has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $10.78. Vector Group Ltd. has a twelve month low of $9.27 and a twelve month high of $13.43.

Vector Group (NYSE:VGR) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $324.57 million for the quarter, compared to the consensus estimate of $333.30 million. Vector Group had a negative return on equity of 25.89% and a net margin of 12.98%. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, equities analysts predict that Vector Group Ltd. will post 1.16 earnings per share for the current year.

Vector Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, June 5th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.80 dividend on an annualized basis and a yield of 7.30%. Vector Group’s payout ratio is currently 68.97%.

Vector Group Company 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.