AllianceBernstein Holding L.P. (NYSE:AB) Receives Media Impact Rating of 0.15
Press coverage about AllianceBernstein Holding L.P. (NYSE:AB) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AllianceBernstein Holding L.P. earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 44.1315643607969 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- AllianceBernstein Holding LP (NYSE:AB) Analysts Digging into the Details – Evergreen Caller (evergreencaller.com)
- Taking a Deep Dive into Technical Levels for AllianceBernstein Holding LP (AB) – Financial News Review (finnewsreview.com)
- AllianceBernstein Holding LP (AB) AO Trending Down This Week – FLBC News (flbcnews.com)
- AllianceBernstein Holding L.P. (NYSE:AB) COO Sells 7,000 Shares (americanbankingnews.com)
- Insider Selling: AllianceBernstein Holding L.P. (AB) COO Sells 7,000 Shares of Stock (americanbankingnews.com)
A number of brokerages have recently commented on AB. Zacks Investment Research raised AllianceBernstein Holding L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. BidaskClub raised AllianceBernstein Holding L.P. from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. ValuEngine downgraded AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Sidoti began coverage on AllianceBernstein Holding L.P. in a research report on Monday, June 5th. They set a “buy” rating and a $28.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised AllianceBernstein Holding L.P. from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 12th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.50.
Shares of AllianceBernstein Holding L.P. (AB) remained flat at $24.30 during trading on Friday. 215,282 shares of the company were exchanged. The company has a 50-day moving average price of $24.01 and a 200-day moving average price of $22.98. The company has a market cap of $2.27 billion, a P/E ratio of 11.16 and a beta of 1.56. AllianceBernstein Holding L.P. has a 12-month low of $20.40 and a 12-month high of $26.15.
AllianceBernstein Holding L.P. (NYSE:AB) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $802.31 million for the quarter, compared to the consensus estimate of $771.88 million. AllianceBernstein Holding L.P. had a return on equity of 13.28% and a net margin of 6.74%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, equities research analysts anticipate that AllianceBernstein Holding L.P. will post $2.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 7th will be issued a dividend of $0.49 per share. This is an increase from AllianceBernstein Holding L.P.’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 8.07%. The ex-dividend date of this dividend is Thursday, August 3rd. AllianceBernstein Holding L.P.’s dividend payout ratio (DPR) is presently 89.91%.
In related news, Director Scott A. Schoen sold 61,985 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $21.20, for a total transaction of $1,314,082.00. Following the sale, the director now directly owns 53,112 shares in the company, valued at approximately $1,125,974.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lorie A. Slutsky sold 12,663 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $21.01, for a total value of $266,049.63. Following the sale, the director now owns 20,166 shares of the company’s stock, valued at approximately $423,687.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 559,125 shares of company stock worth $12,996,097. Company insiders own 3.40% of the company’s stock.
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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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