AllianceBernstein Holding (AB) Receives Daily Coverage Optimism Score of -0.02
News stories about AllianceBernstein Holding (NYSE:AB) have trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing 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 nearest to one being the most favorable. AllianceBernstein Holding earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 44.2926455368507 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- AllianceBernstein Holding L.P. (AB) COO James A. Gingrich Sells 10,500 Shares (americanbankingnews.com)
- AllianceBernstein Holding L.P. (AB) COO James A. Gingrich Sells 3,500 Shares (americanbankingnews.com)
- AllianceBernstein Holding L.P. (AB) vs. Medley Management (MDLY) Critical Survey (americanbankingnews.com)
- Insider Selling: AllianceBernstein Holding L.P. (AB) COO Sells 10,500 Shares of Stock (americanbankingnews.com)
A number of research firms have recently issued reports on AB. Zacks Investment Research downgraded shares of AllianceBernstein Holding from a “buy” rating to a “hold” rating in a report on Friday, September 29th. Credit Suisse Group reaffirmed a “neutral” rating on shares of AllianceBernstein Holding in a report on Friday, August 11th. Finally, BidaskClub raised shares of AllianceBernstein Holding from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Four 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 stock. AllianceBernstein Holding currently has an average rating of “Buy” and a consensus price target of $26.50.
Shares of AllianceBernstein Holding (NYSE:AB) opened at 24.65 on Thursday. The company has a market capitalization of $2.30 billion, a P/E ratio of 11.32 and a beta of 1.51. AllianceBernstein Holding has a 12-month low of $20.40 and a 12-month high of $26.15. The stock’s 50 day moving average is $23.81 and its 200-day moving average is $23.17.
AllianceBernstein Holding (NYSE:AB) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.49 earnings per share 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 had a net margin of 87.06% and a return on equity of 11.35%. AllianceBernstein Holding’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. Analysts anticipate that AllianceBernstein Holding will post $2.07 earnings per share for the current year.
In other AllianceBernstein Holding news, CFO John C. Weisenseel sold 8,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $23.99, for a total transaction of $191,920.00. Following the completion of the transaction, the chief financial officer now owns 64,869 shares in the company, valued at $1,556,207.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James A. Gingrich sold 60,000 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $24.97, for a total transaction of $1,498,200.00. Following the transaction, the chief operating officer now owns 255,581 shares of the company’s stock, valued at approximately $6,381,857.57. The disclosure for this sale can be found here. Insiders have sold 568,332 shares of company stock valued at $13,656,859 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.
AllianceBernstein Holding 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.
Receive News & Stock Ratings for AllianceBernstein Holding LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianceBernstein Holding LP and related stocks with our FREE daily email newsletter.