AllianceBernstein (AB) Scheduled to Post Earnings on Friday

AllianceBernstein (NYSE:ABGet Rating) will be posting its quarterly earnings results before the market opens on Friday, April 29th. Analysts expect AllianceBernstein to post earnings of $0.80 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

AllianceBernstein (NYSE:ABGet Rating) last announced its quarterly earnings data on Friday, February 11th. The asset manager reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.29. AllianceBernstein had a return on equity of 24.18% and a net margin of 8.69%. The company had revenue of $1.26 billion during the quarter. During the same quarter in the prior year, the business posted $0.97 EPS. AllianceBernstein’s revenue was up 19.0% compared to the same quarter last year. On average, analysts expect AllianceBernstein to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of AB stock opened at $43.07 on Friday. The company has a market capitalization of $4.28 billion, a P/E ratio of 11.10 and a beta of 1.37. AllianceBernstein has a 12 month low of $39.74 and a 12 month high of $57.54. The stock has a 50 day moving average of $45.32 and a two-hundred day moving average of $49.05.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Investors of record on Tuesday, February 22nd were given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 11.98%. The ex-dividend date of this dividend was Friday, February 18th. This is an increase from AllianceBernstein’s previous quarterly dividend of $0.89. AllianceBernstein’s dividend payout ratio (DPR) is 132.99%.

Several equities analysts recently commented on the company. Citigroup raised their target price on AllianceBernstein from $62.00 to $64.50 and gave the stock a “buy” rating in a research report on Wednesday, January 12th. StockNews.com assumed coverage on AllianceBernstein in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research downgraded AllianceBernstein from a “hold” rating to a “sell” rating in a research report on Wednesday, March 9th.

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new position in AllianceBernstein in the 4th quarter valued at $12,358,000. Deutsche Bank AG increased its stake in shares of AllianceBernstein by 34.0% in the 4th quarter. Deutsche Bank AG now owns 232,486 shares of the asset manager’s stock valued at $11,355,000 after buying an additional 58,954 shares during the period. Stifel Financial Corp increased its stake in shares of AllianceBernstein by 1.8% in the 4th quarter. Stifel Financial Corp now owns 128,352 shares of the asset manager’s stock valued at $6,269,000 after buying an additional 2,316 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of AllianceBernstein by 46.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 57,751 shares of the asset manager’s stock valued at $2,821,000 after buying an additional 18,259 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in shares of AllianceBernstein by 38.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 37,477 shares of the asset manager’s stock valued at $1,830,000 after buying an additional 10,359 shares during the period. Hedge funds and other institutional investors own 12.78% of the company’s stock.

About AllianceBernstein (Get Rating)

AllianceBernstein Holding LP engages in the provision of research, diversified investment management and related services. It offers investment trusts, mutual funds, hedge funds and other investment vehicles. The company was founded in October 2000 and is headquartered in Nashville, TN.

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Earnings History for AllianceBernstein (NYSE:AB)

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