AllianceBernstein Holding L.P. (AB)’s Trend Up, Especially After Today’s 52-Week High Milestone

May 22, 2018 - By Linda Rogers

AllianceBernstein Holding L.P. (NYSE:AB) Logo

Investors sentiment increased to 1.55 in 2017 Q4. Its up 0.73, from 0.82 in 2017Q3. It improved, as 8 investors sold AllianceBernstein Holding L.P. shares while 32 reduced holdings. 28 funds opened positions while 34 raised stakes. 20.73 million shares or 11.79% more from 18.55 million shares in 2017Q3 were reported.
Winslow Evans And Crocker holds 0% or 100 shares in its portfolio. Birinyi Associate owns 14,250 shares or 0.16% of their US portfolio. Jane Street Grp Lc invested in 16,234 shares. Advisory Ser Network Ltd, a Georgia-based fund reported 510 shares. Ls Invest Advisors Limited holds 0% or 500 shares. Texan Cap Mngmt has 62,810 shares. Deutsche Bancshares Ag has 433,136 shares for 0.01% of their portfolio. Ftb Advsr stated it has 900 shares or 0% of all its holdings. Groesbeck Management Nj owns 122,231 shares for 2.15% of their portfolio. Us Commercial Bank De owns 8,594 shares or 0% of their US portfolio. Wells Fargo & Com Mn holds 1.10 million shares. Pnc Services Gp accumulated 15,460 shares or 0% of the stock. 191,466 are owned by Balyasny Asset Management Limited Liability Company. Creative Planning holds 0% or 17,597 shares in its portfolio. Baldwin Brothers Ma owns 18,300 shares for 0.07% of their portfolio.

The stock of AllianceBernstein Holding L.P. (NYSE:AB) hit a new 52-week high and has $29.75 target or 5.00 % above today’s $28.33 share price. The 9 months bullish chart indicates low risk for the $2.77 billion company. The 1-year high was reported on May, 22 by Barchart.com. If the $29.75 price target is reached, the company will be worth $138.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.98% or $0.28 during the last trading session, reaching $28.33. About 32,377 shares traded. AllianceBernstein Holding L.P. (NYSE:AB) has risen 21.30% since May 22, 2017 and is uptrending. It has outperformed by 9.75% the S&P500.

Analysts await AllianceBernstein Holding L.P. (NYSE:AB) to report earnings on July, 26. They expect $0.57 earnings per share, up 16.33 % or $0.08 from last year’s $0.49 per share. AB’s profit will be $55.69 million for 12.43 P/E if the $0.57 EPS becomes a reality. After $0.73 actual earnings per share reported by AllianceBernstein Holding L.P. for the previous quarter, Wall Street now forecasts -21.92 % negative EPS growth.

AllianceBernstein Holding L.P. (NYSE:AB) Ratings Coverage

Among 2 analysts covering AllianceBernstein (NYSE:AB), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. AllianceBernstein has $31.0 highest and $2700 lowest target. $29’s average target is 2.36% above currents $28.33 stock price. AllianceBernstein had 3 analyst reports since January 10, 2018 according to SRatingsIntel. As per Wednesday, April 11, the company rating was maintained by Jefferies. Keefe Bruyette & Woods maintained it with “Buy” rating and $31.0 target in Tuesday, February 13 report. The company was maintained on Wednesday, January 10 by Jefferies.

More notable recent AllianceBernstein Holding L.P. (NYSE:AB) news were published by: Bizjournals.com which released: “Reports: NY finance firm planting HQ in Nashville” on May 01, 2018, also Bizjournals.com with their article: “Filing reveals number of jobs finance giant will bring to Nashville with HQ move” published on May 02, 2018, Bizjournals.com published: “Records reveal reasons for Charlotte’s loss of AllianceBernstein HQ to Nashville” on May 21, 2018. More interesting news about AllianceBernstein Holding L.P. (NYSE:AB) were released by: Seekingalpha.com and their article: “AllianceBernstein’s (AB) CEO Seth Bernstein on Q1 2018 Results – Earnings Call Transcript” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “AllianceBernstein Reaping The Benefits Of Past Decisions” with publication date: May 18, 2018.

AllianceBernstein Holding L.P. is publicly owned investment manager. The company has market cap of $2.77 billion. The firm also provides research services to its clients. It has a 12.95 P/E ratio. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, firms, and other business entities.

AllianceBernstein Holding L.P. (NYSE:AB) Ratings Chart

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