News headlines about AllianceBernstein (NYSE:AB) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. AllianceBernstein earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 45.916549259911 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
AB has been the topic of a number of analyst reports. Citigroup upgraded AllianceBernstein from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $31.00 in a research report on Thursday, October 26th. ValuEngine lowered shares of AllianceBernstein from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research lowered shares of AllianceBernstein from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. AllianceBernstein has a consensus rating of “Buy” and a consensus price target of $28.00.
Shares of AllianceBernstein (NYSE:AB) traded down $1.45 during trading on Monday, reaching $25.15. 619,918 shares of the company were exchanged, compared to its average volume of 296,309. The stock has a market cap of $2,490.46, a price-to-earnings ratio of 11.86, a PEG ratio of 1.30 and a beta of 1.51. AllianceBernstein has a 1 year low of $20.40 and a 1 year high of $28.00.
In other AllianceBernstein news, Chairman Brugge Robert P. Van sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $24.82, for a total value of $248,200.00. Following the transaction, the chairman now directly owns 101,609 shares of the company’s stock, valued at approximately $2,521,935.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Axa Equitable Holdings, Inc. bought 124,983 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of $24.95 per share, for a total transaction of $3,118,325.85. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company’s stock.
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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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