AllianceBernstein Income Fund (NYSE: ACG) is one of 547 publicly-traded companies in the “Closed End Funds” industry, but how does it contrast to its peers? We will compare AllianceBernstein Income Fund to related businesses based on the strength of its earnings, dividends, risk, analyst recommendations, institutional ownership, profitability and valuation.
Institutional and Insider Ownership
23.5% of shares of all “Closed End Funds” companies are held by institutional investors. 4.2% of shares of all “Closed End Funds” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
AllianceBernstein Income Fund pays an annual dividend of $0.37 per share and has a dividend yield of 4.7%. AllianceBernstein Income Fund pays out -3,700.0% of its earnings in the form of a dividend. As a group, “Closed End Funds” companies pay a dividend yield of 8.0% and pay out 86.9% of their earnings in the form of a dividend.
Risk and Volatility
AllianceBernstein Income Fund has a beta of 0.01, indicating that its stock price is 99% less volatile than the S&P 500. Comparatively, AllianceBernstein Income Fund’s peers have a beta of 0.55, indicating that their average stock price is 45% less volatile than the S&P 500.
This is a summary of current recommendations for AllianceBernstein Income Fund and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|AllianceBernstein Income Fund||0||0||1||0||3.00|
|AllianceBernstein Income Fund Competitors||236||1575||1937||33||2.47|
AllianceBernstein Income Fund presently has a consensus price target of $0.30, indicating a potential downside of 96.21%. As a group, “Closed End Funds” companies have a potential upside of 54.56%. Given AllianceBernstein Income Fund’s peers higher probable upside, analysts plainly believe AllianceBernstein Income Fund has less favorable growth aspects than its peers.
This table compares AllianceBernstein Income Fund and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|AllianceBernstein Income Fund||-56.13%||-3.11%||-1.95%|
|AllianceBernstein Income Fund Competitors||-16.03%||7.58%||5.78%|
Valuation and Earnings
This table compares AllianceBernstein Income Fund and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|AllianceBernstein Income Fund||N/A||N/A||-791.00|
|AllianceBernstein Income Fund Competitors||$238.92 million||$43.96 million||211.89|
AllianceBernstein Income Fund’s peers have higher revenue and earnings than AllianceBernstein Income Fund. AllianceBernstein Income Fund is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
AllianceBernstein Income Fund peers beat AllianceBernstein Income Fund on 10 of the 13 factors compared.
About AllianceBernstein Income Fund
AllianceBernstein Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is high current income consistent with preservation of capital. The Fund invests its net assets in income-producing securities. The Fund invests its total assets in securities issued or guaranteed by the United States Government, its agencies or instrumentalities, and repurchase agreements pertaining to the United States Government securities. The Fund’s portfolio of investments includes capital goods; communications, including media and telecommunications; consumer cyclical, including automotive, entertainment, retailers and other; consumer non-cyclical; energy; other industrial; services; technology; transportation services; financial institutions, including banking, finance, other finance and real estate investment trusts, and utilities, such as electric. AllianceBernstein L.P. is the Fund’s investment advisor.
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