AllianceBernstein Holding LP Plans Quarterly Dividend of $0.39 (AB)
AllianceBernstein Holding (NYSE:AB) announced a quarterly dividend on Thursday, May 1st, AnalystRatings.Net reports. Stockholders of record on Monday, May 12th will be paid a dividend of 0.39 per share on Thursday, May 22nd. This represents a $1.56 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Thursday, May 8th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of AllianceBernstein Holding from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $27.60 price target on the stock. On a related note, analysts at Citigroup Inc. raised their price target on shares of AllianceBernstein Holding from $25.00 to $26.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of AllianceBernstein Holding from $25.00 to $27.00 in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $26.90.
AllianceBernstein Holding (NYSE:AB) traded down 0.13% during mid-day trading on Monday, hitting $23.84. 312,562 shares of the company’s stock traded hands. AllianceBernstein Holding has a one year low of $18.77 and a one year high of $27.38. The stock’s 50-day moving average is $24.94 and its 200-day moving average is $23.33. The company has a market cap of $2.294 billion and a price-to-earnings ratio of 13.98.
AllianceBernstein Holding (NYSE:AB) last released its earnings data on Wednesday, April 30th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $723.35 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that AllianceBernstein Holding will post $1.73 earnings per share for the current fiscal year.
AllianceBernstein Holding L.P provides research, diversified investment management and related services globally to a range of clients through three buy-side distribution channels, Institutions, Retail and Private Client, and its sell-side business, Bernstein Research Services.
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