News articles about AllianceBernstein (NYSE:AB) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. 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 0.11 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 45.916549259911 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of equities analysts recently commented on AB shares. ValuEngine raised shares of AllianceBernstein from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of AllianceBernstein from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Tuesday, December 19th. Finally, Citigroup raised shares of AllianceBernstein from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $31.00 in a research note on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $28.00.
AllianceBernstein (NYSE:AB) opened at $27.20 on Friday. AllianceBernstein has a 52 week low of $20.40 and a 52 week high of $27.80. The company has a market cap of $2,550.00, a PE ratio of 12.89, a P/E/G ratio of 1.33 and a beta of 1.59.
AllianceBernstein (NYSE:AB) last released its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AllianceBernstein had a return on equity of 13.72% and a net margin of 6.38%. The firm had revenue of $812.15 million for the quarter, compared to analysts’ expectations of $786.74 million. During the same period in the prior year, the firm posted $0.45 earnings per share. AllianceBernstein’s revenue for the quarter was up 8.6% on a year-over-year basis. analysts predict that AllianceBernstein will post 2.13 EPS for the current year.
In related news, insider Axa Equitable Holdings, Inc. acquired 124,983 shares of the stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $24.95 per share, with a total value of $3,118,325.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO James A. Gingrich sold 30,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,659 shares of company stock valued at $1,391,975. 2.70% of the stock is owned by corporate insiders.
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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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