AllianceBernstein Holding L.P. (AB) Receives News Sentiment Score of 0.14
Press coverage about AllianceBernstein Holding L.P. (NYSE:AB) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AllianceBernstein Holding L.P. earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.4723455316784 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of brokerages have recently weighed in on AB. Zacks Investment Research lowered shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Credit Suisse Group reissued a “neutral” rating on shares of AllianceBernstein Holding L.P. in a report on Friday, August 11th. Finally, Citigroup Inc raised shares of AllianceBernstein Holding L.P. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $31.00 in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.60.
Shares of AllianceBernstein Holding L.P. (NYSE:AB) opened at $25.65 on Friday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. AllianceBernstein Holding L.P. has a 1-year low of $20.40 and a 1-year high of $26.65.
AllianceBernstein Holding L.P. (NYSE:AB) last announced its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $812.15 million during the quarter, compared to analyst estimates of $786.74 million. AllianceBernstein Holding L.P. had a return on equity of 13.72% and a net margin of 6.38%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. analysts predict that AllianceBernstein Holding L.P. will post 2.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 6th will be paid a $0.51 dividend. This is an increase from AllianceBernstein Holding L.P.’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.04 annualized dividend and a dividend yield of 7.95%. AllianceBernstein Holding L.P.’s dividend payout ratio (DPR) is presently 92.89%.
In other AllianceBernstein Holding L.P. news, insider Axa America Holdings, Inc. purchased 1,071,180 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $22.90 per share, for a total transaction of $24,530,022.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John C. Weisenseel sold 2,000 shares of AllianceBernstein Holding L.P. stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $23.25, for a total transaction of $46,500.00. Following the sale, the chief financial officer now owns 44,869 shares in the company, valued at approximately $1,043,204.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 417,070 shares of company stock worth $9,981,342. 2.70% of the stock is currently owned by corporate insiders.
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AllianceBernstein Holding L.P. Company Profile
AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds.
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