American Century Companies Inc. grew its position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 32.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 33,120 shares of the company’s stock after acquiring an additional 8,190 shares during the quarter. American Century Companies Inc. owned about 0.11% of Amalgamated Financial worth $518,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in shares of Amalgamated Financial by 91.6% during the 1st quarter. Federated Hermes Inc. now owns 1,849 shares of the company’s stock valued at $31,000 after acquiring an additional 884 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Amalgamated Financial during the 1st quarter valued at approximately $37,000. Advisor Group Holdings Inc. lifted its position in Amalgamated Financial by 3,800.0% in the second quarter. Advisor Group Holdings Inc. now owns 4,875 shares of the company’s stock worth $76,000 after buying an additional 4,750 shares during the last quarter. UBS Group AG lifted its position in Amalgamated Financial by 19.1% in the first quarter. UBS Group AG now owns 7,600 shares of the company’s stock worth $126,000 after buying an additional 1,217 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Amalgamated Financial in the first quarter worth $135,000. Hedge funds and other institutional investors own 37.72% of the company’s stock.
AMAL has been the subject of a number of analyst reports. TheStreet upgraded Amalgamated Financial from a “c” rating to a “b” rating in a research report on Monday, June 7th. Zacks Investment Research upgraded Amalgamated Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Amalgamated Financial has an average rating of “Buy” and an average price target of $16.50.
Amalgamated Financial (NASDAQ:AMAL) last released its earnings results on Wednesday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $47.32 million during the quarter, compared to analyst estimates of $47.66 million. On average, analysts forecast that Amalgamated Financial Corp. will post 1.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Wednesday, August 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 17th. This represents a $0.32 annualized dividend and a dividend yield of 2.35%. Amalgamated Financial’s dividend payout ratio (DPR) is 19.88%.
Amalgamated Financial Company Profile
Operates as a bank holding company whose subsidiary provides banking services
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