What’s Ahead for AllianceBernstein Holding LP After Today’s Bullish Options Activity?

 What's Ahead for AllianceBernstein Holding LP After Today's Bullish Options Activity?

In today’s session AllianceBernstein Holding LP (AB) registered an unusually high (622) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AB increase. With 622 contracts traded and 18754 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AB170120C00025000 closed last at: $0.25 or 28.6% down. About 14,900 shares traded hands. AllianceBernstein Holding LP (NYSE:AB) has declined 4.03% since April 28, 2016 and is downtrending. It has underperformed by 9.96% the S&P500.

Analysts await AllianceBernstein Holding LP (NYSE:AB) to report earnings on February, 9. They expect $0.48 earnings per share, down 4.00% or $0.02 from last year’s $0.5 per share. AB’s profit will be $45.37 million for 11.90 P/E if the $0.48 EPS becomes a reality. After $0.45 actual earnings per share reported by AllianceBernstein Holding LP for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

AllianceBernstein Holding LP (NYSE:AB) Ratings Coverage

Out of 5 analysts covering AllianceBernstein Holding (NYSE:AB), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $33 is the highest target while $2 is the lowest. The $18.75 average target is -17.94% below today’s ($22.85) stock price. AllianceBernstein Holding has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Wednesday, October 7 with “Hold”. Jefferies maintained it with “Hold” rating and $22 target price in Monday, July 11 report. As per Tuesday, March 15, the company rating was upgraded by Bank of America. The firm earned “Buy” rating on Friday, July 29 by Citigroup. The company was maintained on Thursday, September 3 by Wood. Keefe Bruyette & Woods maintained AllianceBernstein Holding LP (NYSE:AB) rating on Friday, February 12. Keefe Bruyette & Woods has “Market Perform” rating and $20 price target. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $2 target price in Friday, October 14 report. The stock of AllianceBernstein Holding LP (NYSE:AB) has “Market Perform” rating given on Friday, October 14 by Wood. Citigroup maintained AllianceBernstein Holding LP (NYSE:AB) on Thursday, September 10 with “Buy” rating. The stock of AllianceBernstein Holding LP (NYSE:AB) earned “Neutral” rating by Citigroup on Tuesday, November 22.

According to Zacks Investment Research, “ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors.”

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.55, from 0.53 in 2016Q1. The ratio improved, 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.
Baldwin Brothers Inc Ma has 0.16% invested in the company for 33,300 shares. Ancora Advisors Limited Liability has 15,600 shares for 0.04% of their US portfolio. Raymond James And Associate accumulated 0% or 41,462 shares. Goldman Sachs Group Inc holds 0% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 379,759 shares. Renaissance Ltd Liability Corporation last reported 22,500 shares in the company. Endurance Wealth Management reported 67,275 shares or 0.29% of all its holdings. Janney Montgomery Scott Limited Liability Com owns 65,170 shares or 0.02% of their US portfolio. Natl Bank Of America De holds 0.01% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 1.45M shares. Rothschild Inv Il has 0.26% invested in the company for 86,257 shares. The New York-based Gabelli Funds Lc has invested 0.07% in AllianceBernstein Holding LP (NYSE:AB). Moreover, Gamco Investors Inc Et Al has 0.04% invested in AllianceBernstein Holding LP (NYSE:AB) for 247,046 shares. Moreover, Fifth Third Fincl Bank has 0% invested in AllianceBernstein Holding LP (NYSE:AB) for 167 shares. Moreover, Dalton Greiner Hartman Maher And has 0.08% invested in AllianceBernstein Holding LP (NYSE:AB) for 52,299 shares. Moreover, Chem Bancorp has 0.04% invested in AllianceBernstein Holding LP (NYSE:AB) for 13,300 shares. Smithfield Trust accumulated 1,800 shares or 0.01% of the stock.

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 $2.16 billion. The Company’s principal services include institutional services, retail services, private wealth management services and Bernstein research services. It has a 11.32 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.

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

Another recent and important AllianceBernstein Holding LP (NYSE:AB) news was published by Nasdaq.com which published an article titled: “AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for November 03 …” on November 02, 2016.

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