News articles about AllianceBernstein Holding L.P. (NYSE:AB) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog 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 daily sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 44.9254465264751 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
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- Stock Price Performance Review for AllianceBernstein Holding L.P. … - Jonesboro Recorder (jonesbororecorder.com)
- Stock Price Performance Review for AllianceBernstein Holding LP (NYSE:AB) - Jonesboro Recorder (jonesbororecorder.com)
Shares of AllianceBernstein Holding L.P. (NYSE:AB) opened at 23.55 on Thursday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 10.82 and a beta of 1.56. AllianceBernstein Holding L.P. has a one year low of $20.40 and a one year high of $26.15. The stock has a 50 day moving average of $24.24 and a 200-day moving average of $23.06.
AllianceBernstein Holding L.P. (NYSE:AB) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $802.31 million during the quarter, compared to analysts’ expectations of $771.88 million. AllianceBernstein Holding L.P. had a return on equity of 13.28% and a net margin of 6.74%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. On average, equities analysts expect that AllianceBernstein Holding L.P. will post $2.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Monday, August 7th will be issued a $0.49 dividend. This is a boost from AllianceBernstein Holding L.P.’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 8.32%. The ex-dividend date is Thursday, August 3rd. AllianceBernstein Holding L.P.’s dividend payout ratio is presently 89.91%.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Credit Suisse Group reissued a “neutral” rating on shares of AllianceBernstein Holding L.P. in a research note on Friday, August 11th. BidaskClub raised shares of AllianceBernstein Holding L.P. from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Sidoti assumed coverage on shares of AllianceBernstein Holding L.P. in a research note on Monday, June 5th. They issued a “buy” rating and a $28.00 price target for the company. Finally, ValuEngine cut shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.50.
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In other news, COO James A. Gingrich sold 60,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $24.97, for a total transaction of $1,498,200.00. Following the completion of the transaction, the chief operating officer now directly owns 255,581 shares in the company, valued at approximately $6,381,857.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO James A. Gingrich sold 21,000 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $23.08, for a total value of $484,680.00. Following the transaction, the chief operating officer now owns 178,159 shares of the company’s stock, valued at $4,111,909.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 539,307 shares of company stock valued at $12,858,025. Company insiders own 2.70% of the company’s stock.
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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