Citigroup Inc. Lowers Stake in Alliance Data Systems Co. (NYSE:ADS)

Citigroup Inc. lowered its stake in shares of Alliance Data Systems Co. (NYSE:ADS) by 4.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 72,662 shares of the business services provider’s stock after selling 3,317 shares during the period. Citigroup Inc.’s holdings in Alliance Data Systems were worth $7,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Altshuler Shaham Ltd acquired a new stake in shares of Alliance Data Systems in the 1st quarter valued at $26,000. Harvest Fund Management Co. Ltd acquired a new stake in Alliance Data Systems during the 1st quarter worth $34,000. Parkside Financial Bank & Trust raised its stake in Alliance Data Systems by 162.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 328 shares of the business services provider’s stock worth $34,000 after acquiring an additional 203 shares in the last quarter. Credit Agricole S A acquired a new stake in Alliance Data Systems during the 1st quarter worth $49,000. Finally, Lake Point Wealth Management acquired a new stake in Alliance Data Systems during the 2nd quarter worth $59,000. 95.39% of the stock is owned by institutional investors.

ADS stock opened at $95.24 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 4.08. The company has a market cap of $4.74 billion, a P/E ratio of 6.68, a P/E/G ratio of 0.31 and a beta of 2.56. The company’s 50-day moving average price is $94.78 and its 200 day moving average price is $106.03. Alliance Data Systems Co. has a 52 week low of $39.77 and a 52 week high of $128.16.

Alliance Data Systems (NYSE:ADS) last announced its earnings results on Wednesday, July 28th. The business services provider reported $5.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $2.25. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Alliance Data Systems had a net margin of 16.56% and a return on equity of 55.02%. On average, equities research analysts expect that Alliance Data Systems Co. will post 17.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, August 13th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, August 12th. Alliance Data Systems’s dividend payout ratio is presently 9.27%.

Several equities research analysts recently commented on ADS shares. Seaport Global Securities started coverage on shares of Alliance Data Systems in a research note on Monday, August 30th. They set a “buy” rating and a $121.00 price target on the stock. Citigroup downgraded shares of Alliance Data Systems from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research report on Friday, June 4th. JMP Securities reissued a “market perform” rating on shares of Alliance Data Systems in a research report on Friday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Alliance Data Systems from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Finally, Bank of America raised shares of Alliance Data Systems from a “neutral” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Tuesday, August 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $164.00.

About Alliance Data Systems

Alliance Data Systems Corp. engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. It operates through the following segments: LoyaltyOne, Epsilon and Card Services. The LoyaltyOne segment provides coalition and short-term loyalty programs. The Epsilon segment offers end-to-end, integrated marketing solutions.

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Institutional Ownership by Quarter for Alliance Data Systems (NYSE:ADS)

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