AllianceBernstein Holding L.P. (NYSE:AB) is expected to pay $0.45 on Nov 17, 2016. The indicated annual dividend is $1.80. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on AllianceBernstein Holding L.P.’s current price of $21.55, the dividend is 2.09%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 26, 2016. The stock decreased 1.15% or $0.25 on November 1, hitting $21.55. AllianceBernstein Holding LP (NYSE:AB) has declined 8.02% since March 31, 2016 and is downtrending. It has underperformed by 10.55% the S&P500.
AllianceBernstein Holding L.P. provides research, investment management and related services to a range of clients through three buy-side distribution channels, institutions, retail and private wealth management, and its sell-side business, Bernstein Research Services. The company has a market cap of $2.04 billion. The Company’s principal services include institutional services, retail services, private wealth management services and Bernstein research services. It has a 10.67 P/E ratio. It offers institutional services to institutional clients, including private and public pension plans, foundations and endowments, insurance companies, central banks and governments around the world.
Insitutional Activity: The institutional sentiment decreased to 0.53 in Q2 2016. Its down 0.06, from 0.59 in 2016Q1. The ratio fall, as 20 funds sold all AllianceBernstein Holding LP shares owned while 50 reduced positions. 5 funds bought stakes while 32 increased positions. They now own 23.38 million shares or 9.11% less from 25.73 million shares in 2016Q1.
Moreover, Guinness Asset Management Limited has 0.06% invested in AllianceBernstein Holding LP (NYSE:AB) for 9,240 shares. Next Fincl Grp holds 0.01% or 1,100 shares in its portfolio. Karpas Strategies Ltd Com holds 0.18% or 15,475 shares in its portfolio. Moreover, Finemark Financial Bank And Tru has 0% invested in AllianceBernstein Holding LP (NYSE:AB) for 300 shares. Winslow Evans And Crocker holds 100 shares or 0% of its portfolio. Endurance Wealth Mngmt Inc accumulated 0.29% or 67,275 shares. Moors Cabot reported 67,330 shares or 0.28% of all its holdings. Meritage Portfolio Mgmt holds 0.35% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 133,530 shares. Advisory Research has 0.01% invested in the company for 24,460 shares. Fmr Ltd Liability accumulated 0% or 665,000 shares. Rothschild Il owns 86,257 shares or 0.26% of their US portfolio. Boston Private Wealth Ltd Liability accumulated 0.01% or 10,197 shares. National Planning, a California-based fund reported 10,013 shares. Moreover, Sadoff Investment Mgmt Ltd Limited Liability Company has 0.64% invested in AllianceBernstein Holding LP (NYSE:AB) for 231,350 shares. Mercer Advisers Incorporated holds 300 shares or 0.01% of its portfolio.
AllianceBernstein Holding LP (NYSE:AB) Ratings Coverage
Out of 5 analysts covering AllianceBernstein Holding (NYSE:AB), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $33 is the highest target while $2 is the lowest. The $18.75 average target is -12.99% below today’s ($21.55) stock price. AllianceBernstein Holding has been the topic of 15 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Keefe Bruyette & Woods downgraded AllianceBernstein Holding LP (NYSE:AB) rating on Monday, October 12. Keefe Bruyette & Woods has “Market Perform” rating and $28 price target. The rating was maintained by Citigroup on Friday, July 29 with “Buy”. The stock has “Buy” rating given by Citigroup on Thursday, September 10. On Wednesday, October 7 the stock rating was downgraded by Bank of America to “Neutral”. The rating was maintained by Keefe Bruyette & Woods with “Market Perform” on Friday, October 14. The firm has “Buy” rating given on Tuesday, March 15 by Bank of America. On Friday, October 14 the stock rating was maintained by Wood with “Market Perform”. The stock has “Hold” rating given by Jefferies on Monday, July 11. As per Wednesday, October 7, the company rating was maintained by Jefferies. Keefe Bruyette & Woods maintained the stock with “Market Perform” rating in Friday, February 12 report.
More news for AllianceBernstein Holding LP (NYSE:AB) were recently published by: Reuters.com, which released: “BRIEF-Alliancebernstein Holding LP Q3 adjusted diluted net income of $0.45…” on October 26, 2016. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: AllianceBernstein Holding, Oaktree Capital Group and …” and published on November 01, 2016 is yet another important article.
AB Company Profile
AllianceBernstein Holding L.P. (AB Holding), incorporated on November 18, 1987, is engaged in providing research, investment management and related services to a range of clients through three buy-side distribution channels, institutions, retail and private wealth management, and its sell-side business, Bernstein Research Services. The Company’s principal services include institutional services, retail services, private wealth management services and Bernstein research services. The Firm serves clients in the United States, Europe, Asia, the Middle East and Canada. The Company’s subsidiaries include Sanford C. Bernstein & Co., LLC, AllianceBernstein Global Derivatives Corporation, AB Private Credit Investors LLC, W.P. Stewart & Co., Ltd. and W.P. Stewart Asset Management LLC
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