AllianceBernstein Holding LP (AB) Analysts See $0.46 EPS

July 18, 2017 - By Nellie Frank

 AllianceBernstein Holding LP (AB) Analysts See $0.46 EPS
Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.16, from 1.08 in 2016Q3. It dropped, as 26 investors sold AllianceBernstein Holding LP shares while 35 reduced holdings. 21 funds opened positions while 35 raised stakes. 23.56 million shares or 1.49% more from 23.21 million shares in 2016Q3 were reported.
Wexford Ltd Partnership holds 0.08% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 35,280 shares. Groesbeck Investment Management Corp Nj invested 2.29% of its portfolio in AllianceBernstein Holding LP (NYSE:AB). Manufacturers Life Insurance The holds 0.21% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 6.30 million shares. Creative Planning holds 0% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 17,002 shares. Greenwich Inv, Connecticut-based fund reported 62,104 shares. New York-based Alliancebernstein Limited Partnership has invested 0% in AllianceBernstein Holding LP (NYSE:AB). Glenmede Trust Company Na holds 7,200 shares or 0% of its portfolio. 69,900 were accumulated by Schroder Invest Group. New England Rech And Mgmt reported 1.28% in AllianceBernstein Holding LP (NYSE:AB). Blue Capital has 25,783 shares for 0.4% of their portfolio. Roberts Glore & Co Il stated it has 14,046 shares. Advisory Research Incorporated holds 0.01% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 24,460 shares. Moreover, Beach Counsel Pa has 0.07% invested in AllianceBernstein Holding LP (NYSE:AB). Delta Asset Mgmt Lc Tn has invested 0.07% in AllianceBernstein Holding LP (NYSE:AB). Moreover, First Interstate Bancorp has 0.03% invested in AllianceBernstein Holding LP (NYSE:AB) for 6,807 shares.

Wall Street await AllianceBernstein Holding LP (NYSE:AB) to release earnings on July, 27. Analysts forecast EPS of $0.46, up exactly $0.06 or 15.00 % from 2014’s $0.4 EPS. The expected AB’s profit could reach $44.23 million giving the stock 13.45 P/E in the case that $0.46 earnings per share is reported. After posting $0.46 EPS for the previous quarter, AllianceBernstein Holding LP’s analysts now forecast 0.00 % EPS growth. The stock increased 1.02% or $0.25 during the last trading session, reaching $24.75. About 280,639 shares traded. AllianceBernstein Holding LP (NYSE:AB) has declined 7.46% since July 18, 2016 and is downtrending. It has underperformed by 24.16% the S&P500.

AllianceBernstein Holding LP (NYSE:AB) Ratings Coverage

Among 4 analysts covering AllianceBernstein Holding (NYSE:AB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. AllianceBernstein Holding had 20 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Wood given on Friday, October 14. The stock has “Neutral” rating by Bank of America on Wednesday, October 7. Bank of America downgraded the shares of AB in report on Friday, December 16 to “Underperform” rating. The firm earned “Market Perform” rating on Friday, February 12 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Wednesday, October 7 by Jefferies. The stock of AllianceBernstein Holding LP (NYSE:AB) earned “Buy” rating by Citigroup on Friday, July 29. As per Thursday, September 10, the company rating was maintained by Citigroup. The firm has “Market Perform” rating given on Friday, October 14 by Keefe Bruyette & Woods. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Monday, October 12. The firm has “Outperform” rating by Wood given on Thursday, September 3.

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 has market cap of $2.38 billion. The Firm 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. It has a 11.51 P/E ratio.

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