California State Teachers Retirement System Cuts Stake in Astoria Financial Corp (AF)
California State Teachers Retirement System decreased its position in shares of Astoria Financial Corp (NYSE:AF) by 9.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 149,145 shares of the savings and loans company’s stock after selling 15,758 shares during the period. California State Teachers Retirement System’s holdings in Astoria Financial were worth $3,207,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in AF. Thrivent Financial For Lutherans increased its stake in Astoria Financial by 1,631.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 894,710 shares of the savings and loans company’s stock worth $18,028,000 after buying an additional 843,030 shares during the period. FNY Partners Fund LP purchased a new stake in Astoria Financial during the 3rd quarter worth $8,255,000. Citigroup Inc. increased its stake in Astoria Financial by 268.7% during the 2nd quarter. Citigroup Inc. now owns 408,694 shares of the savings and loans company’s stock worth $8,235,000 after buying an additional 297,833 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Astoria Financial during the 3rd quarter worth $4,594,000. Finally, Franklin Resources Inc. purchased a new stake in Astoria Financial during the 2nd quarter worth $3,659,000. 83.63% of the stock is currently owned by hedge funds and other institutional investors.
Astoria Financial Corp (NYSE AF) opened at $21.50 on Wednesday. The firm has a market cap of $2,190.00, a price-to-earnings ratio of 37.72 and a beta of 0.55. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.19. Astoria Financial Corp has a fifty-two week low of $14.11 and a fifty-two week high of $21.90.
Astoria Financial Company Profile
Astoria Financial Corporation is a unitary savings and loan holding company. The Company’s principal business is the operation of its subsidiary, Astoria Bank. Astoria Bank’s primary business is attracting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one- to four-family, or residential, mortgage loans and mortgage-backed securities.
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