Janus Henderson Group PLC Has $26.56 Million Holdings in Access National Co. (ANCX)

Janus Henderson Group PLC lifted its holdings in Access National Co. (NASDAQ:ANCX) by 6.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 926,679 shares of the financial services provider’s stock after purchasing an additional 55,409 shares during the period. Janus Henderson Group PLC owned approximately 4.53% of Access National worth $26,559,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ANCX. Vanguard Group Inc. grew its holdings in shares of Access National by 17.8% in the first quarter. Vanguard Group Inc. now owns 256,574 shares of the financial services provider’s stock valued at $7,702,000 after purchasing an additional 38,803 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Access National by 160.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,980 shares of the financial services provider’s stock valued at $291,000 after buying an additional 6,772 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Access National by 67.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,724 shares of the financial services provider’s stock valued at $630,000 after buying an additional 9,586 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Access National by 61.2% in the 2nd quarter. First Trust Advisors LP now owns 31,821 shares of the financial services provider’s stock valued at $844,000 after buying an additional 12,076 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Access National by 93.2% in the 2nd quarter. Rhumbline Advisers now owns 15,827 shares of the financial services provider’s stock valued at $420,000 after buying an additional 7,635 shares in the last quarter. Hedge funds and other institutional investors own 37.49% of the company’s stock.

In other Access National news, insider Mark D. Moore acquired 3,972 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $27.84 per share, with a total value of $110,580.48. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders bought a total of 4,744 shares of company stock valued at $132,073 in the last quarter. Insiders own 14.23% of the company’s stock.

Several brokerages have recently issued reports on ANCX. BidaskClub cut shares of Access National from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded shares of Access National from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, January 2nd. Stephens assumed coverage on shares of Access National in a research report on Thursday, November 16th. They issued an “overweight” rating and a $31.00 price target for the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $29.00 price target on shares of Access National in a research report on Tuesday, October 3rd. Finally, Raymond James Financial upgraded shares of Access National from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.00.

Shares of Access National Co. (NASDAQ ANCX) traded up $0.10 on Friday, hitting $29.08. 28,892 shares of the stock were exchanged, compared to its average volume of 30,603. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $594.77, a P/E ratio of 27.70 and a beta of 0.95. Access National Co. has a 1-year low of $24.36 and a 1-year high of $33.18.

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About Access National

Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank offers a range of financial services and products, and specializes in providing customized financial services to small and medium sized businesses, professionals and associated individuals.

Institutional Ownership by Quarter for Access National (NASDAQ:ANCX)

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