Federated Hermes Inc. Has $2.04 Million Stake in Vector Group Ltd. (NYSE:VGR)

Federated Hermes Inc. reduced its stake in shares of Vector Group Ltd. (NYSE:VGR - Free Report) by 45.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,068 shares of the company's stock after selling 148,394 shares during the period. Federated Hermes Inc. owned 0.12% of Vector Group worth $2,042,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CWM LLC raised its stake in Vector Group by 51.9% in the 3rd quarter. CWM LLC now owns 2,892 shares of the company's stock valued at $31,000 after purchasing an additional 988 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Vector Group during the third quarter valued at approximately $43,000. Antonetti Capital Management LLC boosted its position in Vector Group by 34.6% during the third quarter. Antonetti Capital Management LLC now owns 5,840 shares of the company's stock worth $62,000 after acquiring an additional 1,500 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Vector Group in the 3rd quarter worth approximately $68,000. Finally, Covestor Ltd lifted its stake in shares of Vector Group by 16.8% during the 3rd quarter. Covestor Ltd now owns 9,902 shares of the company's stock worth $106,000 after purchasing an additional 1,424 shares during the period. Institutional investors and hedge funds own 64.09% of the company's stock.

Vector Group Stock Up 1.6 %

Shares of NYSE:VGR traded up $0.16 during midday trading on Monday, reaching $10.43. The company's stock had a trading volume of 844,918 shares, compared to its average volume of 1,019,303. The business has a 50 day moving average price of $10.68 and a 200 day moving average price of $10.78. Vector Group Ltd. has a 1 year low of $9.80 and a 1 year high of $13.43. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 8.99 and a beta of 1.02.

Vector Group (NYSE:VGR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. Vector Group had a net margin of 12.89% and a negative return on equity of 24.93%. The company had revenue of $360.35 million during the quarter, compared to the consensus estimate of $357.60 million. Sell-side analysts anticipate that Vector Group Ltd. will post 1.24 earnings per share for the current fiscal year.

Vector Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 7.67%. The ex-dividend date was Friday, March 1st. Vector Group's dividend payout ratio (DPR) is currently 68.97%.

Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.