UBS Asset Management Americas Inc. cut its position in Astoria Financial Corp. (NYSE:AF) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,853 shares of the company’s stock after selling 2,262 shares during the period. UBS Asset Management Americas Inc. owned 0.06% of Astoria Financial Corp. worth $979,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its position in Astoria Financial Corp. by 2.2% in the second quarter. Nationwide Fund Advisors now owns 82,840 shares of the company’s stock valued at $1,270,000 after buying an additional 1,807 shares during the period. Ameriprise Financial Inc. increased its position in Astoria Financial Corp. by 12.1% in the second quarter. Ameriprise Financial Inc. now owns 489,160 shares of the company’s stock valued at $7,499,000 after buying an additional 52,910 shares during the period. PNC Financial Services Group Inc. increased its position in Astoria Financial Corp. by 2.3% in the second quarter. PNC Financial Services Group Inc. now owns 21,167 shares of the company’s stock valued at $325,000 after buying an additional 475 shares during the period. Commonwealth Equity Services Inc increased its position in Astoria Financial Corp. by 10.0% in the second quarter. Commonwealth Equity Services Inc now owns 13,554 shares of the company’s stock valued at $208,000 after buying an additional 1,230 shares during the period. Finally, Gabelli Funds LLC increased its position in Astoria Financial Corp. by 124.6% in the second quarter. Gabelli Funds LLC now owns 584,000 shares of the company’s stock valued at $8,953,000 after buying an additional 324,000 shares during the period. Hedge funds and other institutional investors own 76.87% of the company’s stock.
Shares of Astoria Financial Corp. (NYSE:AF) opened at 14.22 on Wednesday. The company has a market capitalization of $1.43 billion, a PE ratio of 21.94 and a beta of 0.70. Astoria Financial Corp. has a one year low of $13.92 and a one year high of $18.13. The stock has a 50 day moving average price of $14.85 and a 200 day moving average price of $15.06.
Astoria Financial Corp. (NYSE:AF) last released its earnings results on Wednesday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Astoria Financial Corp. had a return on equity of 4.81% and a net margin of 14.49%. During the same period in the prior year, the business posted $0.27 EPS. On average, equities research analysts predict that Astoria Financial Corp. will post $0.61 earnings per share for the current year.
Several brokerages have recently commented on AF. TheStreet upgraded Astoria Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Keefe, Bruyette & Woods lowered their price objective on Astoria Financial Corp. from $16.50 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of €14.92 ($16.39).
In other Astoria Financial Corp. news, insider Brian T. Edwards sold 8,204 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of €14.60 ($16.04), for a total transaction of €119,778.40 ($131,624.62). Following the sale, the insider now directly owns 55,062 shares of the company’s stock, valued at approximately €803,905.20 ($883,412.31). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.74% of the company’s stock.
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.
Want to see what other hedge funds are holding AF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Astoria Financial Corp. (NYSE:AF).
Receive News & Ratings for Astoria Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astoria Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.