Janus Henderson Group PLC Decreases Stock Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Janus Henderson Group PLC cut its position in Amalgamated Financial Corp. (NASDAQ:AMAL) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,040 shares of the company’s stock after selling 1,008 shares during the quarter. Janus Henderson Group PLC owned about 0.07% of Amalgamated Financial worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in Amalgamated Financial by 679.7% in the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $38,000 after acquiring an additional 1,203 shares during the period. US Bancorp DE increased its stake in shares of Amalgamated Financial by 28.4% in the third quarter. US Bancorp DE now owns 2,312 shares of the company’s stock worth $73,000 after purchasing an additional 512 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Amalgamated Financial by 12.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after purchasing an additional 528 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Amalgamated Financial during the 2nd quarter valued at approximately $213,000. Finally, The Manufacturers Life Insurance Company bought a new position in Amalgamated Financial in the 3rd quarter worth approximately $214,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insider Buying and Selling at Amalgamated Financial

In other news, CFO Jason Darby sold 4,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.59, for a total value of $146,360.00. Following the transaction, the chief financial officer now owns 50,208 shares of the company’s stock, valued at $1,837,110.72. This represents a 7.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder United Workers sold 31,844 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $35.77, for a total transaction of $1,139,059.88. Following the sale, the insider now owns 7,512,731 shares in the company, valued at approximately $268,730,387.87. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 591,849 shares of company stock valued at $21,099,252 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Amalgamated Financial Price Performance

Shares of NASDAQ:AMAL opened at $34.94 on Friday. The company has a 50 day moving average of $34.79 and a 200 day moving average of $31.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.07 billion, a P/E ratio of 10.28 and a beta of 0.91. Amalgamated Financial Corp. has a 12 month low of $21.33 and a 12 month high of $38.19.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.00%. The firm had revenue of $111.76 million during the quarter, compared to analyst estimates of $79.50 million. During the same period in the previous year, the business earned $0.76 EPS. As a group, sell-side analysts forecast that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. Amalgamated Financial’s dividend payout ratio is currently 14.12%.

Wall Street Analyst Weigh In

AMAL has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price objective on Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.