“`html
On September 24, 2025, Jefferies upgraded Valley National Bancorp – Preferred Stock (NasdaqGS:VLYPN) from Hold to Buy. The average one-year price target for the stock is $27.71/share, representing a 5.83% upside from its latest closing price of $26.18/share.
As of September 13, 2025, institutional ownership of VLYPN increased by 9.09%, totaling 12 funds with an average portfolio weight of 0.30%. Total shares owned by these institutions rose by 5.31% to 1,895,000 shares.
ETF holdings include PFFA – Virtus InfraCap U.S. Preferred Stock ETF with 957,000 shares (up 7.22%), PFF – iShares Preferred and Income Securities ETF with 475,000 shares (down 8.97%), and PGX – Invesco Preferred ETF with 234,000 shares (down 4.85%).
“`
