Alliancebernstein Holding LP Stock in Q4 2017 Driven by Institutional Investors

May 18, 2018 - By Bernice Betts

AllianceBernstein Holding L.P. (NYSE:AB) Logo

Sentiment for Alliancebernstein Holding LP (NYSE:AB)

Alliancebernstein Holding LP (NYSE:AB) institutional sentiment increased to 1.55 in 2017 Q4. Its up 0.73, from 0.82 in 2017Q3. The ratio improved, as 62 institutional investors started new or increased stock positions, while 40 sold and decreased their holdings in Alliancebernstein Holding LP. The institutional investors in our partner’s database now hold: 20.73 million shares, up from 18.55 million shares in 2017Q3. Also, the number of institutional investors holding Alliancebernstein Holding LP in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 8 Reduced: 32 Increased: 34 New Position: 28.

AllianceBernstein Holding L.P. is publicly owned investment manager. The company has market cap of $2.71 billion. The firm also provides research services to its clients. It has a 12.67 P/E ratio. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, firms, and other business entities.

The stock increased 1.47% or $0.4 during the last trading session, reaching $27.7. About 354,726 shares traded or 6.98% up from the average. AllianceBernstein Holding L.P. (NYSE:AB) has risen 21.30% since May 18, 2017 and is uptrending. It has outperformed by 9.75% the S&P500.

Analysts await AllianceBernstein Holding L.P. (NYSE:AB) to report earnings on July, 26. They expect $0.57 EPS, up 16.33 % or $0.08 from last year’s $0.49 per share. AB’s profit will be $55.70 million for 12.15 P/E if the $0.57 EPS becomes a reality. After $0.73 actual EPS reported by AllianceBernstein Holding L.P. for the previous quarter, Wall Street now forecasts -21.92 % negative EPS growth.

Meiji Yasuda Life Insurance Co holds 5.48% of its portfolio in AllianceBernstein Holding L.P. for 1.59 million shares. Groesbeck Investment Management Corp Nj owns 122,231 shares or 2.15% of their US portfolio. Moreover, Philadelphia Financial Management Of San Francisco Llc has 1.51% invested in the company for 409,554 shares. The Illinois-based New England Research & Management Inc. has invested 1.42% in the stock. Seminole Management Co. Inc., a New York-based fund reported 239,399 shares.

AllianceBernstein Holding L.P. (NYSE:AB) Ratings Coverage

Ratings analysis reveals 50% of AllianceBernstein’s analysts are positive. Out of 2 Wall Street analysts rating AllianceBernstein, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $2700 while the high is $31.0. The stock’s average target of $29 is 4.69% above today’s ($27.7) share price. AB was included in 3 notes of analysts from January 10, 2018. The rating was maintained by Keefe Bruyette & Woods on Tuesday, February 13 with “Buy”. On Wednesday, January 10 the stock rating was maintained by Jefferies with “Hold”. Jefferies maintained the shares of AB in report on Wednesday, April 11 with “Hold” rating.

More notable recent AllianceBernstein Holding L.P. (NYSE:AB) news were published by: Bizjournals.com which released: “Exclusive: Finance giant picks downtown project for 1000-job Nashville HQ” on May 17, 2018, also Bizjournals.com with their article: “Bigger than Bridgestone: State tees up grant for Wall Street firm’s new Nashville HQ” published on May 11, 2018, Prnewswire.com published: “AB Announces April 30, 2018 Assets Under Management” on May 10, 2018. More interesting news about AllianceBernstein Holding L.P. (NYSE:AB) were released by: Seekingalpha.com and their article: “AllianceBernstein to exit New York – WSJ” published on May 02, 2018 as well as Bizjournals.com‘s news article titled: “Reports: NY finance firm planting HQ in Nashville” with publication date: May 01, 2018.

AllianceBernstein Holding L.P. (NYSE:AB) Ratings Chart

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