AllianceBernstein Holding Lp (NYSE: AB) is 2.78% higher on its value in year-to-date trading and has touched a low of $30.57 and a high of $41.37 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 $38.01 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $38.12, the stock is 1.77% and 1.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 0.29% at the moment leaves the stock 6.70% off its SMA200. AB registered 13.86% gain for a year compared to 6-month gain of 10.43%. The firm has a 50-day simple moving average (SMA 50) of $37.5808 and a 200-day simple moving average (SMA200) of $35.7272.
The stock witnessed a 5.39% loss in the last 1 month and extending the period to 3 months gives it a 6.87%, and is 4.24% up 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 1.25% over the week and 1.63% over the month.
AllianceBernstein Holding Lp (AB) has around 4341 employees, a market worth around $4.22B and $0.00M in sales. Current P/E ratio is 10.27 and Fwd P/E is 9.45. Distance from 52-week low is 24.70% and -7.86% from its 52-week high. The company has generated returns on investments over the last 12 months (20.85%).
The EPS is expected to grow by 9.19% this year
321.0 institutions hold shares in AllianceBernstein Holding Lp (AB), with institutional investors hold 24.18% of the company’s shares. The shares outstanding are 110.43M, and float is at 107.01M with Short Float at 0.74%. Institutions hold 23.71% 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 2.4978 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 2.1379 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 2.41 million shares representing 2.0919 and valued at over $81.31 million, while JPMORGAN CHASE & CO holds 1.9025 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 purchase by Equitable Holdings, Inc., the company’s. SEC filings show that Equitable Holdings, Inc. bought 700,000 shares of the company’s common stock on Sep 20 ’24 at a price of $35.12 per share for a total of $24.58 million. Following the purchase, the insider now owns 3.77 million shares.
AllianceBernstein Holding Lp disclosed in a document filed with the SEC on Sep 20 ’24 that Equitable Holdings, Inc. () bought a total of 500,000 shares of the company’s common stock. The trade occurred on Sep 20 ’24 and was made at $34.18 per share for $17.09 million. Following the transaction, the insider now directly holds 3.07 million shares of the AB stock.
Still, SEC filings show that on Aug 22 ’24, Stonehill Charles G.T. (Director) disposed off 4,000 shares at an average price of $34.87 for $0.14 million. The insider now directly holds 25,923 shares of AllianceBernstein Holding Lp (AB).
