Janus Henderson Group PLC Sells 1,008 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Janus Henderson Group PLC trimmed its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 4.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,040 shares of the company’s stock after selling 1,008 shares during the quarter. Janus Henderson Group PLC’s holdings in Amalgamated Financial were worth $660,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AMAL. CWM LLC raised its position in Amalgamated Financial by 679.7% in the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock worth $38,000 after purchasing an additional 1,203 shares during the period. US Bancorp DE grew its stake in shares of Amalgamated Financial by 28.4% during the third quarter. US Bancorp DE now owns 2,312 shares of the company’s stock valued at $73,000 after buying an additional 512 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Amalgamated Financial by 12.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock worth $126,000 after buying an additional 528 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Amalgamated Financial in the 2nd quarter valued at about $213,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Amalgamated Financial in the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Amalgamated Financial Stock Performance

Amalgamated Financial stock opened at $34.94 on Friday. Amalgamated Financial Corp. has a 1-year low of $21.33 and a 1-year high of $38.19. The firm has a market cap of $1.07 billion, a P/E ratio of 10.28 and a beta of 0.91. 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 firm has a 50-day moving average of $34.79 and a 200-day moving average of $31.05.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $79.50 million. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. During the same period last year, the company earned $0.76 EPS. Sell-side analysts expect that Amalgamated Financial Corp. will post 3.46 EPS for the current year.

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.48 annualized dividend and a yield of 1.37%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 14.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on Amalgamated Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Piper Sandler raised their target price on shares of Amalgamated Financial from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at Amalgamated Financial

In related news, major shareholder States Regional Joint Western sold 175,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $37.24, for a total transaction of $6,517,000.00. Following the sale, the insider now owns 7,558,575 shares of the company’s stock, valued at $281,481,333. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Darby sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.59, for a total value of $146,360.00. Following the completion of the sale, the chief financial officer now owns 50,208 shares in the company, valued at $1,837,110.72. The trade was a 7.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 591,849 shares of company stock valued at $21,099,252. 0.90% of the stock is currently owned by corporate insiders.

Amalgamated Financial Company Profile

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.