Oppenheimer & Co. Inc. Has $3.95 Million Holdings in Aegon NV $AEG

Key Points

• Oppenheimer & Co. Inc. boosted its stake in Aegon by 3,848.7% in Q4, adding 499,058 shares to hold 512,025 shares worth about $3.95 million.
• Analysts have a consensus rating of Moderate Buy with an average price target of $10.00 (one Strong Buy, three Buy, three Hold), implying upside from the current ~$8.22 share price.
• Aegon disclosed a $0.2469 dividend payable July 6 (ex-dividend June 15), with the filing reporting an unusually high yield of 671.0% and a negative payout ratio of -262.5%.

Oppenheimer & Co. Inc. grew its holdings in Aegon NV (NYSE:AEG - Free Report) by 3,848.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 512,025 shares of the financial services provider's stock after purchasing an additional 499,058 shares during the period. Oppenheimer & Co. Inc.'s holdings in Aegon were worth $3,948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEG. CWM LLC raised its holdings in shares of Aegon by 87.2% in the third quarter. CWM LLC now owns 5,767 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 2,687 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Aegon by 299.5% during the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider's stock worth $59,000 after buying an additional 5,555 shares during the last quarter. Wedmont Private Capital acquired a new position in Aegon during the fourth quarter worth $80,000. AlphaCore Capital LLC acquired a new position in Aegon during the third quarter worth $81,000. Finally, Sowell Financial Services LLC acquired a new position in Aegon during the fourth quarter worth $85,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AEG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Aegon in a report on Wednesday, January 7th. They set a "hold" rating on the stock. BNP Paribas Exane started coverage on shares of Aegon in a report on Tuesday, April 7th. They set an "outperform" rating and a $10.00 target price on the stock. Morgan Stanley restated an "overweight" rating on shares of Aegon in a report on Friday, January 9th. Weiss Ratings downgraded shares of Aegon from a "buy (a-)" rating to a "buy (b)" rating in a report on Monday, March 9th. Finally, Wall Street Zen downgraded shares of Aegon from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Aegon currently has a consensus rating of "Moderate Buy" and an average price target of $10.00.

Aegon Stock Performance

AEG opened at $8.22 on Monday. Aegon NV has a 12-month low of $6.53 and a 12-month high of $8.31. The stock has a market cap of $16.48 billion, a price-to-earnings ratio of -51.34, a PEG ratio of 0.87 and a beta of 0.85. The business has a 50 day moving average of $7.45 and a 200-day moving average of $7.59. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.36.

Aegon Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.2469 dividend. This represents a dividend yield of 671.0%. The ex-dividend date is Monday, June 15th. Aegon's payout ratio is currently -262.50%.

Aegon Profile

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.

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