Associated Capital Group (NYSE:AC) Rating Increased to Hold at StockNews.com

Associated Capital Group (NYSE:AC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Associated Capital Group Stock Performance

Shares of AC stock traded up $0.19 on Tuesday, hitting $35.32. The stock had a trading volume of 4,162 shares, compared to its average volume of 6,105. The firm has a market capitalization of $750.09 million, a price-to-earnings ratio of 17.06 and a beta of 0.92. The stock’s 50 day moving average is $36.59 and its 200-day moving average is $35.96. Associated Capital Group has a 52-week low of $28.58 and a 52-week high of $43.85.

Associated Capital Group (NYSE:AC) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp increased 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 worth $630,000 after acquiring an additional 2,755 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $790,000 after acquiring an additional 1,135 shares during the period. OFI Invest Asset Management bought a new position in Associated Capital Group in the 4th quarter worth $1,092,000. Empowered Funds LLC bought a new position in Associated Capital Group in the 4th quarter worth $149,000. Finally, JPMorgan Chase & Co. raised its holdings in Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 697 shares during the period. 8.14% of the stock is currently owned by institutional investors.

About Associated Capital Group

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.