ARP Americas LLC increased its stake in Astoria Financial Corporation (NYSE:AF) by 41.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 705,798 shares of the savings and loans company’s stock after buying an additional 207,155 shares during the period. Astoria Financial Corporation comprises 3.9% of ARP Americas LLC’s holdings, making the stock its 12th largest position. ARP Americas LLC owned about 0.70% of Astoria Financial Corporation worth $14,222,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in AF. Russell Investments Group Ltd. acquired a new position in shares of Astoria Financial Corporation during the fourth quarter worth about $387,000. FMR LLC increased its position in shares of Astoria Financial Corporation by 356.8% in the fourth quarter. FMR LLC now owns 70,800 shares of the savings and loans company’s stock worth $1,320,000 after buying an additional 55,300 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Astoria Financial Corporation during the fourth quarter worth about $1,151,000. Norges Bank acquired a new position in shares of Astoria Financial Corporation during the fourth quarter worth about $14,662,000. Finally, Teachers Advisors LLC increased its position in shares of Astoria Financial Corporation by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 190,233 shares of the savings and loans company’s stock worth $3,548,000 after buying an additional 38,564 shares during the last quarter. 86.47% of the stock is currently owned by institutional investors and hedge funds.
Astoria Financial Corporation (NYSE:AF) opened at 20.10 on Friday. The company has a market capitalization of $2.02 billion, a P/E ratio of 35.02 and a beta of 0.56. The stock’s 50 day moving average price is $20.08 and its 200-day moving average price is $19.71. Astoria Financial Corporation has a one year low of $14.11 and a one year high of $21.66.
Astoria Financial Corporation (NYSE:AF) last posted its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The firm had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $91.76 million. Astoria Financial Corporation had a return on equity of 4.21% and a net margin of 13.52%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. Equities analysts forecast that Astoria Financial Corporation will post $0.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.80%. Astoria Financial Corporation’s payout ratio is 27.59%.
A number of research analysts have recently issued reports on AF shares. Keefe, Bruyette & Woods raised Astoria Financial Corporation from a “market perform” rating to an “outperform” rating and set a $25.50 price target on the stock in a report on Thursday, April 27th. BidaskClub raised Astoria Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price target on shares of Astoria Financial Corporation in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Astoria Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $20.25.
In other Astoria Financial Corporation news, insider Monte N. Redman sold 50,000 shares of Astoria Financial Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.10, for a total transaction of $1,005,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Monte N. Redman sold 84,942 shares of Astoria Financial Corporation stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $20.02, for a total value of $1,700,538.84. The disclosure for this sale can be found here. 9.76% of the stock is owned by company insiders.
Astoria Financial Corporation Company Profile
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.
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