Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares dropped 4.3% during trading on Friday . The company traded as low as $38.32 and last traded at $38.21. Approximately 3,973 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 4,743 shares. The stock had previously closed at $39.94.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Associated Capital Group in a report on Sunday. They issued a "hold" rating on the stock.
Read Our Latest Stock Analysis on Associated Capital Group
Associated Capital Group Stock Performance
The company has a fifty day moving average of $36.06 and a two-hundred day moving average of $35.36. The firm has a market capitalization of $836.86 million, a price-to-earnings ratio of 19.03 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
A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its position in shares of 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 valued at $630,000 after buying an additional 2,755 shares in the last quarter. Geode Capital Management LLC increased its stake in Associated Capital Group by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock worth $790,000 after acquiring an additional 1,135 shares during the period. OFI Invest Asset Management acquired a new position in Associated Capital Group in the 4th quarter valued at $1,092,000. Empowered Funds LLC bought a new stake in shares of Associated Capital Group during the 4th quarter valued at $149,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Associated Capital Group by 11,616.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock worth $25,000 after purchasing an additional 697 shares in the last quarter. Institutional investors own 8.14% of the company's stock.
About Associated Capital Group
(
Get Free Report)
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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