Jane Street Group LLC Sells 20,616 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Jane Street Group LLC lowered its stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 68.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,361 shares of the company's stock after selling 20,616 shares during the period. Jane Street Group LLC's holdings in Amalgamated Financial were worth $313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Amalgamated Financial during the 4th quarter valued at about $469,000. Mariner LLC purchased a new stake in shares of Amalgamated Financial during the 4th quarter valued at about $262,000. Victory Capital Management Inc. purchased a new stake in shares of Amalgamated Financial during the 4th quarter valued at about $804,000. Barclays PLC increased its holdings in Amalgamated Financial by 91.7% in the 3rd quarter. Barclays PLC now owns 119,165 shares of the company's stock worth $3,739,000 after acquiring an additional 57,008 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Amalgamated Financial by 49.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,531 shares of the company's stock worth $8,118,000 after acquiring an additional 80,484 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

Amalgamated Financial Stock Performance

Amalgamated Financial stock traded up $0.67 during midday trading on Friday, hitting $30.58. The stock had a trading volume of 93,511 shares, compared to its average volume of 191,261. The firm's fifty day moving average is $28.74 and its two-hundred day moving average is $31.86. The company has a market capitalization of $935.44 million, a PE ratio of 8.86 and a beta of 0.86. Amalgamated Financial Corp. has a 52-week low of $24.02 and a 52-week high of $38.19. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. The company had revenue of $79.69 million during the quarter, compared to analyst estimates of $74.78 million. During the same period in the prior year, the firm posted $0.89 EPS. On average, research analysts forecast that Amalgamated Financial Corp. will post 3.65 EPS for the current year.

Amalgamated Financial announced that its Board of Directors has initiated a share repurchase plan on Monday, March 10th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Tuesday, May 6th. Amalgamated Financial's dividend payout ratio (DPR) is currently 16.62%.

Wall Street Analysts Forecast Growth

AMAL has been the subject of several analyst reports. Piper Sandler lowered shares of Amalgamated Financial from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $42.00 to $38.00 in a report on Friday, February 21st. Keefe, Bruyette & Woods reduced their target price on shares of Amalgamated Financial from $41.00 to $39.00 and set an "outperform" rating for the company in a report on Friday, April 25th.

Amalgamated Financial 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.