Ameriprise Financial Inc. boosted its position in Astoria Financial Corp. (NYSE:AF) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 489,160 shares of the company’s stock after buying an additional 52,910 shares during the period. Ameriprise Financial Inc. owned approximately 0.49% of Astoria Financial Corp. worth $7,499,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in Astoria Financial Corp. by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,295,482 shares of the company’s stock worth $36,360,000 after buying an additional 13,364 shares during the last quarter. BlackRock Group LTD increased its position in Astoria Financial Corp. by 3.6% in the first quarter. BlackRock Group LTD now owns 136,918 shares of the company’s stock worth $2,169,000 after buying an additional 4,724 shares during the last quarter. Renaissance Technologies LLC increased its position in Astoria Financial Corp. by 91.5% in the first quarter. Renaissance Technologies LLC now owns 1,812,450 shares of the company’s stock worth $28,709,000 after buying an additional 865,944 shares during the last quarter. Prudential Financial Inc. increased its position in Astoria Financial Corp. by 3.5% in the first quarter. Prudential Financial Inc. now owns 218,324 shares of the company’s stock worth $3,458,000 after buying an additional 7,400 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Astoria Financial Corp. by 1.6% in the first quarter. BlackRock Fund Advisors now owns 5,751,352 shares of the company’s stock worth $91,101,000 after buying an additional 91,207 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.
Astoria Financial Corp. (NYSE:AF) traded down 0.96% during midday trading on Friday, hitting $14.37. 148,332 shares of the stock were exchanged. The firm’s 50 day moving average price is $14.96 and its 200 day moving average price is $15.14. Astoria Financial Corp. has a 12 month low of $13.92 and a 12 month high of $18.13. The company has a market cap of $1.44 billion, a PE ratio of 22.18 and a beta of 0.70.
Astoria Financial Corp. (NYSE:AF) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Astoria Financial Corp. had a net margin of 14.49% and a return on equity of 4.81%. During the same period last year, the business earned $0.27 earnings per share. On average, equities research analysts forecast that Astoria Financial Corp. will post $0.61 earnings per share for the current fiscal year.
A number of brokerages have weighed in on AF. TheStreet raised shares of Astoria Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 29th. Keefe, Bruyette & Woods decreased their target price on shares of Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating for the company in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Astoria Financial Corp. currently has a consensus rating of “Hold” and a consensus price target of €14.92 ($16.57).
In other news, insider Brian T. Edwards sold 8,204 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of €14.60 ($16.22), for a total value of €119,778.40 ($133,087.11). Following the completion of the transaction, the insider now owns 55,062 shares of the company’s stock, valued at €803,905.20 ($893,228). The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.74% of the stock is currently owned by insiders.
About Astoria Financial Corp.
Astoria Financial Corporation is the unitary savings and loan holding company of Astoria Bank and its subsidiaries. The Company’s principal business is the operation of its subsidiary, Astoria Bank, which is a local, community-oriented bank. Astoria Bank’s 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, 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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