1 week Ago By Defense World Staff
JPMorgan Chase & Co. decreased its holdings in shares of Amalgamated Financial Corp. ( NASDAQ:AMAL – Free Report ) by 3.
8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 545,879 shares of the company’s stock after selling 21,730 shares during the quarter. JPMorgan Chase & Co.
owned approximately 1.78% of Amalgamated Financial worth $18,271,000 at the end of the most recent quarter. A number of other large investors have also recently bought and sold shares of AMAL.
State Street Corp grew its holdings in shares of Amalgamated Financial by 4.9% during the third quarter. State Street Corp now owns 704,868 shares of the company’s stock valued at $22,112,000 after purchasing an additional 33,095 shares during the last quarter.
American Century Companies Inc. boosted its position in Amalgamated Financial by 3.6% during the 4th quarter.
American Century Companies Inc. now owns 502,848 shares of the company’s stock valued at $16,830,000 after purchasing an additional 17,410 shares during the period. Geode Capital Management LLC grew its stake in Amalgamated Financial by 7.
7% during the 3rd quarter. Geode Capital Management LLC now owns 478,888 shares of the company’s stock worth $15,026,000 after buying an additional 34,109 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in Amalgamated Financial in the fourth quarter worth $13,093,000.
Finally, Charles Schwab Investment Management Inc. lifted its stake in Amalgamated Financial by 49.7% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 242,531 shares of the company’s stock valued at $8,118,000 after buying an additional 80,484 shares during the last quarter. Institutional investors own 75.
93% of the company’s stock. Insiders Place Their Bets In related news, EVP Sean Searby sold 3,000 shares of Amalgamated Financial stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $32.
49, for a total transaction of $97,470.00. Following the transaction, the executive vice president now directly owns 17,639 shares of the company’s stock, valued at $573,091.
11. The trade was a 14.54 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, EVP Tyrone Graham sold 3,317 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $30.
50, for a total transaction of $101,168.50. Following the completion of the sale, the executive vice president now directly owns 11,449 shares of the company’s stock, valued at $349,194.
50. The trade was a 22.46 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders have sold 31,656 shares of company stock worth $1,054,122. 0.
90% of the stock is owned by corporate insiders. Analyst Ratings Changes Check Out Our Latest Research Report on AMAL Amalgamated Financial Stock Performance Shares of NASDAQ AMAL opened at $25.99 on Friday.
Amalgamated Financial Corp. has a 12-month low of $21.33 and a 12-month high of $38.
19. The company has a current ratio of 0.63, a quick ratio of 0.
63 and a debt-to-equity ratio of 0.10. The company has a market cap of $797.
56 million, a PE ratio of 7.53 and a beta of 0.75.
The stock has a 50 day simple moving average of $30.78 and a 200-day simple moving average of $33.06.
Amalgamated Financial ( NASDAQ:AMAL – Get Free Report ) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
87 by $0.03. Amalgamated Financial had a return on equity of 16.
49% and a net margin of 24.50%. On average, equities research analysts forecast that Amalgamated Financial Corp.
will post 3.65 EPS for the current year. Amalgamated Financial announced that its board has approved a share repurchase program on Monday, March 10th that allows the company to repurchase $40.
00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 4.6% of its stock through open market purchases.
Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued. Amalgamated Financial Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.
14 per share. This is a boost from Amalgamated Financial’s previous quarterly dividend of $0.12.
The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.56 annualized dividend and a yield of 2.
15%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 16.23%.
About Amalgamated Financial ( Free Report ) Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.
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