StockNews.com initiated coverage on shares of Associated Capital Group (NYSE:AC - Free Report) in a report released on Sunday. The firm issued a hold rating on the financial services provider's stock.
Associated Capital Group Trading Down 1.0 %
Associated Capital Group stock traded down $0.40 on Friday, reaching $39.03. 3,903 shares of the stock were exchanged, compared to its average volume of 5,013. Associated Capital Group has a twelve month low of $28.58 and a twelve month high of $43.85. The firm has a fifty day moving average price of $36.06 and a two-hundred day moving average price of $35.36. The stock has a market cap of $829.00 million, a PE ratio of 18.86 and a beta of 0.88.
Associated Capital Group (NYSE:AC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.
Institutional Trading of Associated Capital Group
Several institutional investors have recently modified their holdings of AC. Northern Trust Corp lifted its position in Associated Capital Group by 17.6% in the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock worth $630,000 after purchasing an additional 2,755 shares during the period. Geode Capital Management LLC grew its stake in shares of Associated Capital Group by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock valued at $790,000 after purchasing an additional 1,135 shares during the period. OFI Invest Asset Management acquired a new position in shares of Associated Capital Group in the 4th quarter worth approximately $1,092,000. Empowered Funds LLC acquired a new stake in Associated Capital Group in the 4th quarter valued at $149,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 697 shares during the period. Institutional investors and hedge funds own 8.14% of the company's stock.
Associated Capital Group Company Profile
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Associated Capital Group, Inc, together with its subsidiaries, provides investment advisory services in the United States. The company offers alternative investment management services; and operates a direct investment business. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.
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