Impact of Brokerage Rating on AllianceBernstein Holding L.P.(AB)

Many AllianceBernstein Holding L.P.(AB) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. AllianceBernstein Holding LP was Downgraded by BofA/Merrill to Underperform on Dec 16, 2016. AllianceBernstein Holding LP was Downgraded by Citigroup to Neutral on Nov 22, 2016.

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Scott A Schoen (director) purchased 11,500 shares at 23.09 per share price.On Dec 5, 2016, Weston M Hicks (director) sold 4,539 shares at 21.50 per share price.On Jun 9, 2016, Edward J Farrell (SVP and Controller) sold 5,000 shares at 23.61 per share price.

AllianceBernstein Holding LP Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.18. Analyst had a consensus of $0.49. The company had revenue of $786.26 million for the quarter, compared to analysts expectations of $740.37 million. The companys revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

AllianceBernstein Holding L.P. (NYSE:AB) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3.5 by 2 Brokerage Firm. 1 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

AllianceBernstein Holding L.P. (NYSE:AB) should head towards $23 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $22 per share. The higher price estimate target is at $24 according to the Analysts.

AllianceBernstein Holding L.P. (NYSE:AB) rose 3.16% or 0.75 points on Tuesday and made its way into the gainers of the day. After trading began at $24.5 the stock was seen hitting $24.9 as a peak level and $24.3 as the lowest level. The stock ended up at $24.5. The daily volume was measured at 673,489 shares. The 52-week high of the share price is $25 and the 52-week low is $17.31. The company has a market cap of $2,321 million.

ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors.


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