AllianceBernstein (AB) Scheduled to Post Quarterly Earnings on Tuesday

AllianceBernstein (NYSE:AB) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.

Shares of AllianceBernstein (AB) opened at $24.80 on Friday. The firm has a market cap of $2,340.00, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.21 and a beta of 1.51. AllianceBernstein has a 12 month low of $20.40 and a 12 month high of $28.00.

A number of brokerages have recently issued reports on AB. ValuEngine raised shares of AllianceBernstein from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup raised shares of AllianceBernstein from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $31.00 in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of AllianceBernstein from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.00.

In other news, insider Axa Equitable Holdings, Inc. bought 124,983 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of $24.95 per share, with a total value of $3,118,325.85. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Edward J. Farrell sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $25.20, for a total transaction of $252,000.00. Following the completion of the transaction, the senior vice president now directly owns 19,147 shares of the company’s stock, valued at approximately $482,504.40. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

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AllianceBernstein Company Profile

AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds.

Earnings History for AllianceBernstein (NYSE:AB)

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