Associated Capital Group (NYSE:AC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Associated Capital Group (NYSE:AC) in a report published on Sunday. The brokerage issued a hold rating on the financial services provider’s stock.

Associated Capital Group Stock Performance

Shares of NYSE AC opened at $39.22 on Friday. Associated Capital Group has a 52-week low of $28.58 and a 52-week high of $43.85. The business has a fifty day moving average of $36.00 and a two-hundred day moving average of $35.32. The stock has a market cap of $833.03 million, a PE ratio of 18.95 and a beta of 0.88.

Associated Capital Group (NYSE:AC) last announced its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. Associated Capital Group had a net margin of 336.45% and a return on equity of 4.88%.

Institutional Trading of Associated Capital Group

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock valued at $25,000 after buying an additional 697 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Associated Capital Group in the fourth quarter worth about $149,000. Northern Trust Corp lifted its position in shares of Associated Capital Group by 17.6% during 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Associated Capital Group by 28.4% during the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 4,841 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Associated Capital Group in the fourth quarter valued at approximately $1,092,000. Institutional investors own 8.14% of the company’s stock.

Associated Capital Group Company Profile

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.