AllianceBernstein Holding Lp (NYSE: AB) is 10.99% higher on its value in year-to-date trading and has touched a low of $25.83 and a high of $35.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AB stock was last observed hovering at around $34.24 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $34.44, the stock is 1.23% and 1.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 0.58% at the moment leaves the stock 4.69% off its SMA200. AB registered 10.53% gain for a year compared to 6-month gain of 5.71%.
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The stock witnessed a -2.68% loss in the last 1 month and extending the period to 3 months gives it a 2.65%, and is -1.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.43% over the week and 2.13% over the month.
AllianceBernstein Holding Lp (AB) has around 4707 employees, a market worth around $3.95B and $0.00M in sales. Current P/E ratio is 11.99 and Fwd P/E is 9.83. Distance from 52-week low is 33.33% and -3.45% from its 52-week high. The company has generated returns on investments over the last 12 months (15.69%).
The EPS is expected to grow by 11.25% this year.
AllianceBernstein Holding Lp (AB) Top Institutional Holders
280.0 institutions hold shares in AllianceBernstein Holding Lp (AB), with institutional investors hold 20.05% of the company’s shares. The shares outstanding are 114.34M, and float is at 111.12M with Short Float at 0.97%. Institutions hold 19.74% of the Float.
The top institutional shareholder in the company is AMERICAN CENTURY COMPANIES INC with over 2.87 million shares valued at $97.09 million. The investor’s holdings represent 2.505% of the AB Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 2.46 million shares valued at $$83.1 million to account for 2.1441 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 2.41 million shares representing 2.0979% and valued at over $81.31 million, while JPMORGAN CHASE & CO holds 1.908 of the shares totaling 2.19 million with a market value of $73.95 million.
AllianceBernstein Holding Lp (AB) Insider Activity
The most recent transaction is an insider sale by Stonehill Charles G.T.,the company’sDirector. SEC filings show that Stonehill Charles G.T. sold 4,000 shares of the company’s common stock on Aug 22 ’24 at a price of $34.87 per share for a total of $0.14 million. Following the sale, the insider now owns 25923.0 shares.
Still, SEC filings show that on Jul 29 ’24, Hogbin Christopher (Global Head of Investments) disposed off 12,781 shares at an average price of $34.87 for $0.45 million. The insider now directly holds 10,000 shares of AllianceBernstein Holding Lp (AB).
