Geode Capital Management LLC Has $776,000 Stock Holdings in Associated Capital Group, Inc. (NYSE:AC)

Geode Capital Management LLC grew its stake in shares of Associated Capital Group, Inc. (NYSE:AC) by 28.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,914 shares of the financial services provider’s stock after buying an additional 4,841 shares during the quarter. Geode Capital Management LLC’s holdings in Associated Capital Group were worth $776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC lifted its position in Associated Capital Group by 2.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock valued at $449,000 after acquiring an additional 298 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Associated Capital Group during the third quarter valued at approximately $240,000. Finally, Renaissance Technologies LLC grew its holdings in Associated Capital Group by 3.3% during the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after buying an additional 800 shares in the last quarter. Institutional investors own 8.14% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Associated Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, December 13th.

Associated Capital Group Price Performance

AC opened at $34.34 on Friday. Associated Capital Group, Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $43.85. The firm has a market capitalization of $729.28 million, a P/E ratio of 13.06 and a beta of 0.87. The company’s 50-day moving average is $35.87 and its 200 day moving average is $34.58.

Associated Capital Group Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 0.6%. Associated Capital Group’s payout ratio is presently 7.60%.

Associated Capital Group 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.