AllianceBernstein Holding L.P. (NYSE: AB) recently received a number of ratings updates from brokerages and research firms:

  • 9/11/2017 – AllianceBernstein Holding L.P. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. “
  • 9/8/2017 – AllianceBernstein Holding L.P. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. “
  • 8/29/2017 – AllianceBernstein Holding L.P. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. “
  • 8/24/2017 – AllianceBernstein Holding L.P. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. “
  • 8/18/2017 – AllianceBernstein Holding L.P. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. “
  • 8/11/2017 – AllianceBernstein Holding L.P. had its “neutral” rating reaffirmed by analysts at Credit Suisse Group.
  • 7/16/2017 – AllianceBernstein Holding L.P. was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of AllianceBernstein Holding L.P. (NYSE AB) traded up 0.42% during trading on Tuesday, hitting $23.70. The stock had a trading volume of 182,199 shares. The firm has a 50-day moving average price of $23.92 and a 200 day moving average price of $23.02. The company has a market capitalization of $2.22 billion, a PE ratio of 10.89 and a beta of 1.52. AllianceBernstein Holding L.P. has a 52 week low of $20.40 and a 52 week high of $26.15.

AllianceBernstein Holding L.P. (NYSE:AB) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $802.31 million during the quarter, compared to analyst estimates of $771.88 million. AllianceBernstein Holding L.P. had a return on equity of 13.28% and a net margin of 6.74%. AllianceBernstein Holding L.P.’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. Equities analysts anticipate that AllianceBernstein Holding L.P. will post $2.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 7th were given a dividend of $0.49 per share. This is a positive change from AllianceBernstein Holding L.P.’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.96 dividend on an annualized basis and a yield of 8.27%. AllianceBernstein Holding L.P.’s dividend payout ratio is presently 89.91%.

In other news, COO James A. Gingrich sold 60,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $24.97, for a total value of $1,498,200.00. Following the completion of the transaction, the chief operating officer now owns 255,581 shares of the company’s stock, valued at approximately $6,381,857.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James A. Gingrich sold 20,284 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $23.41, for a total value of $474,848.44. Following the completion of the transaction, the chief operating officer now directly owns 136,159 shares of the company’s stock, valued at approximately $3,187,482.19. The disclosure for this sale can be found here. Insiders have sold a total of 608,705 shares of company stock valued at $14,521,456 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

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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