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AllianceBernstein Holding (NYSE:AB) was downgraded by investment analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday.

Shares of AllianceBernstein Holding (NYSE:AB) traded down 0.51% during mid-day trading on Tuesday, hitting $23.60. 274,194 shares of the company’s stock traded hands. 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 $24.77 and its 200-day moving average is $23.34. The company has a market cap of $2.271 billion and a price-to-earnings ratio of 13.89.

AllianceBernstein Holding (NYSE:AB) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that AllianceBernstein Holding will post $1.73 EPS 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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