Analyzing AllianceBernstein Income Fund (ACG) and Its Rivals
AllianceBernstein Income Fund (NYSE: ACG) is one of 549 public companies in the “Closed End Funds” industry, but how does it weigh in compared to its competitors? We will compare AllianceBernstein Income Fund to similar businesses based on the strength of its dividends, earnings, valuation, analyst recommendations, profitability, institutional ownership and risk.
This table compares AllianceBernstein Income Fund and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|AllianceBernstein Income Fund||-56.13%||-3.11%||-1.95%|
|AllianceBernstein Income Fund Competitors||-14.80%||7.58%||5.84%|
This table compares AllianceBernstein Income Fund and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|AllianceBernstein Income Fund||N/A||N/A||-791.00|
|AllianceBernstein Income Fund Competitors||$238.17 million||$45.26 million||288.27|
AllianceBernstein Income Fund’s competitors have higher revenue and earnings than AllianceBernstein Income Fund. AllianceBernstein Income Fund is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
AllianceBernstein Income Fund pays an annual dividend of $0.37 per share and has a dividend yield of 4.7%. AllianceBernstein Income Fund pays out -3,700.0% of its earnings in the form of a dividend. As a group, “Closed End Funds” companies pay a dividend yield of 8.1% and pay out 87.5% of their earnings in the form of a dividend.
Risk and Volatility
AllianceBernstein Income Fund has a beta of 0.01, indicating that its share price is 99% less volatile than the S&P 500. Comparatively, AllianceBernstein Income Fund’s competitors have a beta of 0.55, indicating that their average share price is 45% less volatile than the S&P 500.
This is a summary of current ratings for AllianceBernstein Income Fund and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|AllianceBernstein Income Fund||0||0||1||0||3.00|
|AllianceBernstein Income Fund Competitors||238||1581||1945||34||2.47|
AllianceBernstein Income Fund currently has a consensus target price of $0.30, indicating a potential downside of 96.21%. As a group, “Closed End Funds” companies have a potential upside of 49.03%. Given AllianceBernstein Income Fund’s competitors higher possible upside, analysts plainly believe AllianceBernstein Income Fund has less favorable growth aspects than its competitors.
Institutional and Insider Ownership
23.5% of shares of all “Closed End Funds” companies are owned by institutional investors. 4.5% of shares of all “Closed End Funds” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
AllianceBernstein Income Fund competitors beat AllianceBernstein Income Fund on 10 of the 13 factors compared.
About AllianceBernstein Income Fund
AllianceBernstein Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is high current income consistent with preservation of capital. The Fund invests its net assets in income-producing securities. The Fund invests its total assets in securities issued or guaranteed by the United States Government, its agencies or instrumentalities, and repurchase agreements pertaining to the United States Government securities. The Fund’s portfolio of investments includes capital goods; communications, including media and telecommunications; consumer cyclical, including automotive, entertainment, retailers and other; consumer non-cyclical; energy; other industrial; services; technology; transportation services; financial institutions, including banking, finance, other finance and real estate investment trusts, and utilities, such as electric. AllianceBernstein L.P. is the Fund’s investment advisor.
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