Media coverage about AllianceBernstein Holding L.P. (NYSE:AB) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AllianceBernstein Holding L.P. earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 44.2979152246356 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern’s analysis:

Shares of AllianceBernstein Holding L.P. (AB) opened at 23.20 on Wednesday. The company has a 50-day moving average price of $24.23 and a 200 day moving average price of $23.06. The company has a market capitalization of $2.17 billion, a PE ratio of 10.66 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.

AllianceBernstein Holding L.P. (NYSE:AB) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm 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 for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Equities analysts anticipate that AllianceBernstein Holding L.P. will post $2.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 7th were 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 yield of 8.45%. The ex-dividend date of this dividend was Thursday, August 3rd. AllianceBernstein Holding L.P.’s dividend payout ratio (DPR) is presently 89.91%.

Several analysts recently commented on the company. Zacks Investment Research cut AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Credit Suisse Group reiterated a “neutral” rating on shares of AllianceBernstein Holding L.P. in a report on Friday, August 11th. ValuEngine cut AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded AllianceBernstein Holding L.P. from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Finally, Sidoti assumed coverage on AllianceBernstein Holding L.P. in a report on Monday, June 5th. They issued a “buy” rating and a $28.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. AllianceBernstein Holding L.P. currently has an average rating of “Buy” and an average price target of $26.25.

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In other AllianceBernstein Holding L.P. news, Director Lorie A. Slutsky sold 9,759 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $22.63, for a total transaction of $220,846.17. Following the transaction, the director now directly owns 10,407 shares in the company, valued at approximately $235,510.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward J. Farrell sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $23.15, for a total value of $231,500.00. Following the transaction, the senior vice president now owns 29,147 shares in the company, valued at $674,753.05. The disclosure for this sale can be found here. Insiders have sold a total of 568,680 shares of company stock worth $13,565,318 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

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.

Insider Buying and Selling by Quarter for AllianceBernstein Holding L.P. (NYSE:AB)

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