Pekin Hardy Strauss Inc. Boosts Stake in Vector Group Ltd. (NYSE:VGR)

Pekin Hardy Strauss Inc. grew its holdings in shares of Vector Group Ltd. (NYSE:VGR) by 33.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,000 shares of the company’s stock after acquiring an additional 40,900 shares during the period. Pekin Hardy Strauss Inc. owned about 0.11% of Vector Group worth $1,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Deutsche Bank AG increased its stake in shares of Vector Group by 95.7% in the third 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 during the period. Invesco Ltd. increased its position in 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 acquiring an additional 243,214 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Vector Group by 14.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 822,119 shares of the company’s stock worth $8,747,000 after acquiring an additional 101,171 shares during the period. Mackenzie Financial Corp grew its stake in shares of Vector Group by 21.4% in the third quarter. Mackenzie Financial Corp now owns 61,222 shares of the company’s stock worth $636,000 after purchasing an additional 10,790 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Vector Group by 14.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 438,528 shares of the company’s stock valued at $4,666,000 after purchasing an additional 56,538 shares in the last quarter. 64.09% of the stock is owned by institutional investors and hedge funds.

Vector Group Trading Down 0.8 %

VGR stock traded down $0.08 during trading on Tuesday, hitting $10.35. The company had a trading volume of 840,336 shares, compared to its average volume of 1,017,129. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 8.99 and a beta of 1.02. The business has a 50 day moving average of $10.68 and a 200 day moving average of $10.78. Vector Group Ltd. has a fifty-two week low of $9.80 and a fifty-two week high of $13.43.

Vector Group (NYSE:VGR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. Vector Group had a net margin of 12.89% and a negative return on equity of 24.93%. The business had revenue of $360.35 million during the quarter, compared to analysts’ expectations of $357.60 million. As a group, equities analysts predict that Vector Group Ltd. will post 1.24 EPS for the current year.

Vector Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend was Friday, March 1st. Vector Group’s dividend payout ratio is presently 68.97%.

About Vector Group

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.