1 week Ago By Defense World Staff
JPMorgan Chase & Co. raised its stake in shares of Associated Banc-Corp (NYSE:ASB – Free Report) by 75.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 1,088,796 shares of the bank’s stock after purchasing an additional 467,183 shares during the period. JPMorgan Chase & Co. owned 0.
72% of Associated Banc worth $26,022,000 as of its most recent SEC filing. A number of other institutional investors also recently modified their holdings of ASB. Vanguard Group Inc.
grew its stake in Associated Banc by 8.7% in the 4th quarter. Vanguard Group Inc.
now owns 18,066,871 shares of the bank’s stock valued at $431,798,000 after buying an additional 1,444,068 shares during the last quarter. State Street Corp boosted its holdings in Associated Banc by 3.3% during the third quarter.
State Street Corp now owns 8,230,340 shares of the bank’s stock valued at $177,282,000 after acquiring an additional 261,877 shares during the period. Geode Capital Management LLC grew its position in shares of Associated Banc by 2.3% in the third quarter.
Geode Capital Management LLC now owns 3,584,271 shares of the bank’s stock valued at $77,219,000 after purchasing an additional 79,658 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Associated Banc by 5.
2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,248,435 shares of the bank’s stock worth $53,738,000 after purchasing an additional 111,310 shares during the period.
Finally, Bank of New York Mellon Corp lifted its position in shares of Associated Banc by 1.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,761,584 shares of the bank’s stock worth $42,102,000 after purchasing an additional 31,956 shares during the last quarter.
Institutional investors own 82.98% of the company’s stock. Insider Activity at Associated BancIn other Associated Banc news, Director John B.
Williams sold 2,830 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $25.09, for a total value of $71,004.
70. Following the transaction, the director now owns 66,915 shares of the company’s stock, valued at approximately $1,678,897.35.
The trade was a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Also, Director Eileen A. Kamerick sold 7,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $24.
71, for a total value of $172,970.00. Following the completion of the sale, the director now owns 49,495 shares of the company’s stock, valued at approximately $1,223,021.
45. This trade represents a 12.39 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. 1.45% of the stock is currently owned by insiders.
Associated Banc Stock Down 2.6 %NYSE ASB opened at $18.81 on Wednesday.
Associated Banc-Corp has a 1-year low of $18.33 and a 1-year high of $28.18.
The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.
52 and a beta of 0.78. The stock’s 50 day moving average is $23.
27 and its two-hundred day moving average is $23.96. The company has a current ratio of 0.
88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.
Associated Banc (NYSE:ASB – Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.
53 by $0.04. Associated Banc had a return on equity of 8.
24% and a net margin of 5.15%. Equities analysts forecast that Associated Banc-Corp will post 2.
43 earnings per share for the current fiscal year. Associated Banc Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.
23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.
89%. The ex-dividend date of this dividend was Monday, March 3rd. Associated Banc’s dividend payout ratio (DPR) is currently 116.
46%. Wall Street Analysts Forecast GrowthSeveral research analysts have commented on ASB shares. Robert W.
Baird dropped their price target on Associated Banc from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th.
Wells Fargo & Company raised their price objective on shares of Associated Banc from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th.
Royal Bank of Canada upped their target price on shares of Associated Banc from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th.
StockNews.com lowered shares of Associated Banc from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Finally, Stephens reaffirmed an “equal weight” rating and set a $28.
00 price objective on shares of Associated Banc in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.
com, Associated Banc currently has a consensus rating of “Hold” and a consensus target price of $26.78.Get Our Latest Research Report on Associated BancAbout Associated Banc (Free Report)Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota.
The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.Read MoreFive stocks we like better than Associated BancRetail Stocks Investing, ExplainedTariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialThe 3 Best Retail Stocks to Shop for in AugustQualcomm Breaks Down But RSI Signals It’s Severely OversoldStock Trading Terms – Stock Terms Every Investor Needs to KnowTesla’s #1 Bull Cuts Target But Says It’s Still a BuyWant to see what other hedge funds are holding ASB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Associated Banc-Corp (NYSE:ASB – Free Report).
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