AllianceBernstein (AB) Getting Somewhat Positive Media Coverage, Study Finds
News stories about AllianceBernstein (NYSE:AB) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AllianceBernstein earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 46.7148419516309 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern’s analysis:
- Comparing AllianceBernstein (AB) & Fifth Street Asset Management (FSAM) (americanbankingnews.com)
- Timmer Says 'Buyer Beware' With Bitcoin (finance.yahoo.com)
- AllianceBernstein Holding L.P. (AB) SVP Sells $252,000.00 in Stock (americanbankingnews.com)
- Seth P. Bernstein, President and CEO, to Participate in the 2017 Goldman Sachs US Financial Services Conference on December 5 (finance.yahoo.com)
- Zacks.com featured highlights: Sprouts Farmers Market, AllianceBernstein, Landstar System, Medifast and Ross Stores (finance.yahoo.com)
AllianceBernstein (NYSE AB) opened at $25.30 on Tuesday. The stock has a market capitalization of $2,370.00, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.57 and a beta of 1.59. AllianceBernstein has a 52 week low of $20.40 and a 52 week high of $26.65.
AllianceBernstein (NYSE:AB) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). The firm had revenue of $812.15 million during the quarter, compared to analysts’ expectations of $786.74 million. AllianceBernstein had a return on equity of 13.72% and a net margin of 6.38%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. analysts forecast that AllianceBernstein will post 2.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.06%. This is a positive change from AllianceBernstein’s previous quarterly dividend of $0.49. AllianceBernstein’s dividend payout ratio (DPR) is presently 96.68%.
A number of brokerages recently issued reports on AB. Zacks Investment Research lowered AllianceBernstein from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Credit Suisse Group restated a “neutral” rating on shares of AllianceBernstein in a research note on Friday, August 11th. Finally, ValuEngine upgraded AllianceBernstein from a “hold” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. AllianceBernstein presently has a consensus rating of “Buy” and a consensus target price of $27.80.
In other AllianceBernstein news, COO James A. Gingrich sold 30,000 shares of AllianceBernstein stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Edward J. Farrell sold 10,000 shares of AllianceBernstein stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $25.20, for a total value of $252,000.00. Following the transaction, the senior vice president now owns 19,147 shares of the company’s stock, valued at approximately $482,504.40. The disclosure for this sale can be found here. Insiders have sold a total of 215,070 shares of company stock valued at $5,259,672 in the last quarter. Company insiders own 2.70% of the company’s stock.
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AllianceBernstein 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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