AllianceBernstein Holding L.P. (AB) Given Media Impact Rating of 0.17
News headlines about AllianceBernstein Holding L.P. (NYSE:AB) have been trending somewhat positive on Saturday, AlphaOne Sentiment Analysis reports. AlphaOne, a division of Accern, ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. AllianceBernstein Holding L.P. earned a media sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also gave press coverage about the asset manager an impact score of 60 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Alpha One Sentiment’s rankings:
- AllianceBernstein Holding L.P. (AB) Short Interest Up 72.1% in May (americanbankingnews.com)
- Alliancebernstein Holding LP (NYSE:AB) Sellers Increased By 15.9% Their Shorts – Weekly Register (weeklyregister.com)
- Reviewing AllianceBernstein Holding LP (AB) & WisdomTree Investments (WETF) – The Momentous News (momentousnews.com)
- AllianceBernstein Holding L.P. (AB) COO James A. Gingrich Sells 21,000 Shares (americanbankingnews.com)
- AB Announces May 31, 2017 Assets Under Management (finance.yahoo.com)
AB has been the subject of several analyst reports. Zacks Investment Research raised shares of AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, April 25th. Bank of America Corporation raised shares of AllianceBernstein Holding L.P. from an “underperform” rating to a “buy” rating and increased their price objective for the company from $24.00 to $25.00 in a research report on Wednesday, April 12th. Sidoti started coverage on shares of AllianceBernstein Holding L.P. in a research report on Monday, June 5th. They issued a “buy” rating and a $28.00 price objective for the company. ValuEngine lowered shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods raised shares of 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.50.
AllianceBernstein Holding L.P. (AB) opened at 23.30 on Friday. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 10.88 and a beta of 1.50. The company has a 50 day moving average of $21.92 and a 200 day moving average of $22.78. AllianceBernstein Holding L.P. has a 12 month low of $20.40 and a 12 month high of $25.12.
AllianceBernstein Holding L.P. (NYSE:AB) last posted its earnings results on Thursday, April 27th. The asset manager reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $764.92 million during the quarter, compared to analysts’ expectations of $746.52 million. AllianceBernstein Holding L.P. had a return on equity of 18.31% and a net margin of 9.74%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, equities analysts predict that AllianceBernstein Holding L.P. will post $2.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 8th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date was Thursday, May 4th. AllianceBernstein Holding L.P.’s dividend payout ratio is currently 85.19%.
In other AllianceBernstein Holding L.P. news, COO James A. Gingrich sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $22.63, for a total value of $158,410.00. Following the completion of the sale, the chief operating officer now owns 382,831 shares in the company, valued at $8,663,465.53. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Edward J. Farrell sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $23.15, for a total value of $231,500.00. Following the completion of the sale, the senior vice president now owns 29,147 shares of the company’s stock, valued at approximately $674,753.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 231,118 shares of company stock valued at $5,030,312. 3.40% of the stock is owned by company insiders.
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About AllianceBernstein Holding L.P.
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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