Trade Report: Today, Chevy Chase Trust Holdings Inc. cuts position of Alliance Data Systems Corp. (ADS)

Today, Chevy Chase Trust Holdings Inc. cuts position of Alliance Data Systems Corp. (ADS)

Chevy Chase Trust Holdings Inc. decreased its stake in Alliance Data Systems Corp. (NYSE:ADS) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 49,639 shares of the company’s stock after selling 963 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Alliance Data Systems Corp. were worth $10,649,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK increased its position in Alliance Data Systems Corp. by 11.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 117,689 shares of the company’s stock valued at $23,058,000 after buying an additional 12,306 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in Alliance Data Systems Corp. by 10,081.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 230,506 shares of the company’s stock valued at $45,161,000 after buying an additional 228,242 shares during the period. First Quadrant L P CA bought a new position in Alliance Data Systems Corp. during the second quarter valued at $862,000. Bank of Montreal Can bought a new position in Alliance Data Systems Corp. during the second quarter valued at $130,349,000. Finally, Cooke & Bieler LP bought a new position in Alliance Data Systems Corp. during the second quarter valued at $75,659,000. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Shares of Alliance Data Systems Corp. (NYSE:ADS) traded down 0.15% during midday trading on Friday, hitting $234.69. 192,892 shares of the stock were exchanged. The firm has a 50 day moving average of $209.89 and a 200 day moving average of $211.26. Alliance Data Systems Corp. has a 12-month low of $176.63 and a 12-month high of $290.30. The firm has a market cap of $13.56 billion, a P/E ratio of 24.80 and a beta of 1.63.

Alliance Data Systems Corp. (NYSE:ADS) last issued its quarterly earnings results on Thursday, October 20th. The company reported $4.74 EPS for the quarter, topping the consensus estimate of $4.44 by $0.30. Alliance Data Systems Corp. had a net margin of 9.59% and a return on equity of 50.86%. The firm earned $1.89 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business posted $3.95 earnings per share. Alliance Data Systems Corp.’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts forecast that Alliance Data Systems Corp. will post $16.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, November 3rd will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, November 1st. Alliance Data Systems Corp.’s dividend payout ratio (DPR) is 22.01%.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Alliance Data Systems Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. Atlantic Securities assumed coverage on shares of Alliance Data Systems Corp. in a report on Wednesday, October 5th. They issued an “overweight” rating and a $270.00 price objective for the company. JMP Securities reiterated a “buy” rating on shares of Alliance Data Systems Corp. in a report on Tuesday, October 4th. BMO Capital Markets reiterated a “hold” rating and issued a $235.00 price objective on shares of Alliance Data Systems Corp. in a report on Friday, October 21st. Finally, Credit Suisse Group AG downgraded shares of Alliance Data Systems Corp. from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $233.00 to $290.00 in a report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Alliance Data Systems Corp. presently has an average rating of “Buy” and an average price target of $257.68.

Alliance Data Systems Corp. Company Profile

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.

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