Ameritas Advisory Services LLC Has $29,000 Position in AllianceBernstein Holding L.P. $AB

Ameritas Advisory Services LLC lessened its position in AllianceBernstein Holding L.P. (NYSE:AB) by 96.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 765 shares of the asset manager’s stock after selling 21,314 shares during the period. Ameritas Advisory Services LLC’s holdings in AllianceBernstein were worth $29,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in shares of AllianceBernstein in the 3rd quarter valued at $115,000. CWM LLC increased its holdings in shares of AllianceBernstein by 4,164.8% in the third quarter. CWM LLC now owns 3,028 shares of the asset manager’s stock worth $116,000 after acquiring an additional 2,957 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of AllianceBernstein in the second quarter worth about $163,000. 44 Wealth Management LLC acquired a new stake in shares of AllianceBernstein during the second quarter worth about $204,000. Finally, Americana Partners LLC bought a new position in shares of AllianceBernstein during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 19.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AB. TD Cowen reissued a “hold” rating on shares of AllianceBernstein in a research note on Wednesday, January 14th. Evercore increased their price objective on shares of AllianceBernstein from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Weiss Ratings upgraded shares of AllianceBernstein from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Barclays upped their target price on shares of AllianceBernstein from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of AllianceBernstein in a report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, AllianceBernstein presently has a consensus rating of “Hold” and a consensus price target of $42.17.

AllianceBernstein Price Performance

Shares of NYSE AB opened at $39.73 on Friday. The business has a 50-day moving average of $39.99 and a 200-day moving average of $39.70. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.07 and a beta of 0.87. AllianceBernstein Holding L.P. has a fifty-two week low of $32.28 and a fifty-two week high of $44.11.

AllianceBernstein (NYSE:AB) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $957.31 million during the quarter, compared to analysts’ expectations of $956.45 million. AllianceBernstein had a return on equity of 21.17% and a net margin of 6.62%.The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, sell-side analysts expect that AllianceBernstein Holding L.P. will post 3.58 EPS for the current year.

AllianceBernstein Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a dividend of $0.96 per share. The ex-dividend date is Friday, February 20th. This is a positive change from AllianceBernstein’s previous quarterly dividend of $0.86. This represents a $3.84 dividend on an annualized basis and a yield of 9.7%. AllianceBernstein’s dividend payout ratio is presently 114.67%.

AllianceBernstein Profile

AllianceBernstein is a global investment management firm that offers a broad range of research-driven strategies across equities, fixed income, multi-asset solutions and alternative investments. The firm provides active and quantitative portfolio management, drawing on in-house research capabilities to serve the needs of institutional clients, private wealth investors and intermediaries. Its product lineup encompasses mutual funds, separately managed accounts and customized investment vehicles designed to meet diverse risk-return objectives.

The firm’s roots date back to 1967 with the founding of Sanford C.