TIAA CREF Investment Management LLC Has $750,000 Holdings in Associated Capital Group Inc (AC)

TIAA CREF Investment Management LLC lifted its holdings in shares of Associated Capital Group Inc (NYSE:AC) by 45.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,988 shares of the financial services provider’s stock after purchasing an additional 6,909 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.09% of Associated Capital Group worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AC. Financial & Investment Management Group Ltd. grew its stake in Associated Capital Group by 30.0% during the 4th quarter. Financial & Investment Management Group Ltd. now owns 150,269 shares of the financial services provider’s stock worth $5,124,000 after buying an additional 34,665 shares during the last quarter. Sei Investments Co. grew its stake in shares of Associated Capital Group by 203.4% in the 4th quarter. Sei Investments Co. now owns 52,239 shares of the financial services provider’s stock valued at $5,470,000 after purchasing an additional 35,021 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Associated Capital Group by 219.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 29,370 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 20,172 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Associated Capital Group by 28.8% in the 3rd quarter. Wells Fargo & Company MN now owns 7,473 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 1,671 shares during the last quarter. Institutional investors and hedge funds own 14.18% of the company’s stock.

Shares of Associated Capital Group opened at $38.20 on Friday, according to MarketBeat. Associated Capital Group Inc has a 52-week low of $37.35 and a 52-week high of $37.78.

Associated Capital Group (NYSE:AC) last issued its quarterly earnings results on Tuesday, May 8th. The financial services provider reported ($0.95) earnings per share (EPS) for the quarter. Associated Capital Group had a negative net margin of 1.18% and a negative return on equity of 0.03%. The firm had revenue of $4.70 million for the quarter.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 15th. This represents a dividend yield of 0.54%.

Separately, TheStreet cut Associated Capital Group from a “b” rating to a “c-” rating in a report on Tuesday, May 8th.

About Associated Capital Group

Associated Capital Group, Inc is a parent operating company for the spin-off of GAMCO Investors, Inc’s (GAMCO’s) alternative investment management business, institutional research services operations and certain cash and other assets. The Company, through its subsidiaries, provides alternative investment management services and institutional research services, as well as management of its investment portfolio.

Institutional Ownership by Quarter for Associated Capital Group (NYSE:AC)

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