Virtu KCG Holdings LLC Sells 13,588 Shares of Aegon NV (AEG)
Virtu KCG Holdings LLC reduced its stake in Aegon NV (NYSE:AEG) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,665 shares of the financial services provider’s stock after selling 13,588 shares during the period. Virtu KCG Holdings LLC’s holdings in Aegon NV were worth $770,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AEG. Cambiar Investors LLC increased its holdings in Aegon NV by 3.6% in the 2nd quarter. Cambiar Investors LLC now owns 23,655,885 shares of the financial services provider’s stock valued at $120,882,000 after purchasing an additional 831,264 shares in the last quarter. Bank of America Corp DE increased its holdings in Aegon NV by 9.3% in the 1st quarter. Bank of America Corp DE now owns 7,678,817 shares of the financial services provider’s stock valued at $39,392,000 after purchasing an additional 655,791 shares in the last quarter. Todd Asset Management LLC acquired a new stake in Aegon NV in the 2nd quarter valued at $3,006,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Aegon NV in the 2nd quarter valued at $3,006,000. Finally, Brandes Investment Partners LP increased its holdings in Aegon NV by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 12,565,352 shares of the financial services provider’s stock valued at $64,209,000 after purchasing an additional 525,598 shares in the last quarter. Hedge funds and other institutional investors own 10.56% of the company’s stock.
Several analysts recently issued reports on AEG shares. BidaskClub downgraded Aegon NV from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research upgraded Aegon NV from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Thursday, August 3rd. TheStreet upgraded Aegon NV from a “c+” rating to a “b” rating in a research note on Friday, August 25th. Societe Generale downgraded Aegon NV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Sanford C. Bernstein initiated coverage on Aegon NV in a research note on Thursday, September 14th. They set a “market perform” rating and a $4.60 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Aegon NV presently has a consensus rating of “Hold” and a consensus target price of $5.28.
Shares of Aegon NV (NYSE AEG) opened at 5.64 on Thursday. The firm has a market capitalization of $11.53 billion, a P/E ratio of 6.60 and a beta of 1.35. The stock’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.35. Aegon NV has a 52 week low of $4.00 and a 52 week high of $6.06.
Aegon NV (NYSE:AEG) last released its earnings results on Thursday, August 10th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.13. The firm had revenue of $9.24 billion during the quarter. Aegon NV had a net margin of 5.18% and a return on equity of 6.73%. On average, analysts predict that Aegon NV will post $0.68 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were given a dividend of $0.1522 per share. This is a positive change from Aegon NV’s previous semiannual dividend of $0.12. The ex-dividend date of this dividend was Thursday, August 17th. This represents a yield of 5.23%. Aegon NV’s payout ratio is currently 27.47%.
Aegon NV declared that its board has authorized a share buyback program on Thursday, September 28th that permits the company to buyback 51,860,000 shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Aegon NV Company Profile
Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company’s segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management.
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