Bridgewater Associates LP Takes Position in New York Community Bancorp, Inc. (NYCB)

Bridgewater Associates LP acquired a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 61,158 shares of the financial services provider’s stock, valued at approximately $803,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NYCB. BlackRock Inc. raised its holdings in shares of New York Community Bancorp by 6,643.8% during the 1st quarter. BlackRock Inc. now owns 51,206,275 shares of the financial services provider’s stock worth $715,351,000 after acquiring an additional 50,446,961 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its holdings in shares of New York Community Bancorp by 176.3% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,500,000 shares of the financial services provider’s stock worth $137,865,000 after acquiring an additional 6,700,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in New York Community Bancorp by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 39,860,379 shares of the financial services provider’s stock valued at $556,850,000 after buying an additional 1,759,241 shares during the period. Russell Investments Group Ltd. raised its holdings in New York Community Bancorp by 1,031.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,104,261 shares of the financial services provider’s stock valued at $14,500,000 after buying an additional 1,006,684 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in New York Community Bancorp during the 1st quarter valued at $14,263,000. 57.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of New York Community Bancorp, Inc. (NYSE NYCB) opened at 12.29 on Friday. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 13.37 and a beta of 0.59. The firm has a 50-day moving average price of $12.30 and a 200-day moving average price of $13.18. New York Community Bancorp, Inc. has a 1-year low of $11.67 and a 1-year high of $17.68.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million for the quarter, compared to the consensus estimate of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same quarter in the previous year, the business earned $0.26 EPS. Equities analysts forecast that New York Community Bancorp, Inc. will post $0.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.68 annualized dividend and a yield of 5.53%. New York Community Bancorp’s payout ratio is 73.91%.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Equities Focus and is owned by of Equities Focus. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.equitiesfocus.com/2017/09/17/bridgewater-associates-lp-takes-position-in-new-york-community-bancorp-inc-nycb.html.

Several analysts recently weighed in on NYCB shares. Zacks Investment Research upgraded New York Community Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub lowered New York Community Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Morgan Stanley restated an “equal weight” rating and set a $13.75 price target (down previously from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. ValuEngine lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $11.00 price target on New York Community Bancorp and gave the company a “sell” rating in a report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. New York Community Bancorp currently has an average rating of “Hold” and an average target price of $13.61.

About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

Want to see what other hedge funds are holding NYCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Community Bancorp, Inc. (NYSE:NYCB).

Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

Receive News & Ratings for New York Community Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply