AllianceBernstein Holding PT Raised to $23.00 at Credit Suisse (AB)
Analysts at Credit Suisse increased their price target on shares of AllianceBernstein Holding (NYSE:AB) from $21.00 to $23.00 in a research report issued to clients and investors on Thursday. Credit Suisse’s target price would indicate a potential downside of 3.04% from the company’s current price.
Shares of AllianceBernstein Holding (NYSE:AB) traded down 0.63% during mid-day trading on Thursday, hitting $23.72. The stock had a trading volume of 230,684 shares. AllianceBernstein Holding has a 52-week low of $18.77 and a 52-week high of $26.69. The stock’s 50-day moving average is $24.82 and its 200-day moving average is $23.34. The company has a market cap of $2.283 billion and a P/E ratio of 13.98.
AllianceBernstein Holding (NYSE:AB) last posted its quarterly earnings results 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. Analysts expect that AllianceBernstein Holding will post $1.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.58%. The ex-dividend date is Thursday, May 8th.
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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