The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $36.86 in the prior trading day, AllianceBernstein Holding Lp (NYSE: AB) closed at $35.98, down -2.39%. In other words, the price has decreased by -$2.39 from its previous closing price. On the day, 1.94 million shares were traded. AB stock price reached its highest trading level at $37.05 during the session, while it also had its lowest trading level at $35.55.
Ratios:
Our goal is to gain a better understanding of AB by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on August 27, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $35.
On January 04, 2024, TD Cowen started tracking the stock assigning a Outperform rating and target price of $36.
Goldman Upgraded its Neutral to Buy on October 03, 2023, whereas the target price for the stock was revised from $40.80 to $36.75.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 20 ’24 when Equitable Holdings, Inc. bought 700,000 shares for $35.12 per share. The transaction valued at 24,581,900 led to the insider holds 3,766,838 shares of the business.
Equitable Holdings, Inc. bought 500,000 shares of AB for $17,091,700 on Sep 20 ’24. The now owns 3,066,838 shares after completing the transaction at $34.18 per share. On Aug 22 ’24, another insider, Stonehill Charles G.T., who serves as the Director of the company, sold 4,000 shares for $34.87 each. As a result, the insider received 139,494 and left with 25,923 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AB now has a Market Capitalization of 4081391360. As of this moment, AllianceBernstein’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.70, and their Forward P/E ratio for the next fiscal year is 8.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.80.
Stock Price History:
The Beta on a monthly basis for AB is 1.24, which has changed by 0.10227275 over the last 52 weeks, in comparison to a change of 0.21659255 over the same period for the S&P500. Over the past 52 weeks, AB has reached a high of $41.37, while it has fallen to a 52-week low of $30.57. The 50-Day Moving Average of the stock is -3.21%, while the 200-Day Moving Average is calculated to be 2.12%.
Shares Statistics:
The stock has traded on average 486.38K shares per day over the past 3-months and 811100 shares per day over the last 10 days, according to various share statistics. A total of 113.44M shares are outstanding, with a floating share count of 109.30M. Insiders hold about 3.65% of the company’s shares, while institutions hold 18.48% stake in the company. Shares short for AB as of 1736899200 were 981103 with a Short Ratio of 2.02, compared to 1734048000 on 887868. Therefore, it implies a Short% of Shares Outstanding of 981103 and a Short% of Float of 0.88.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 8.5. The current Payout Ratio is 80.33% for AB, which recently paid a dividend on 2024-11-04 with an ex-dividend date of 1739836800. Stock splits for the company last occurred on 1998-04-03 when the company split stock in a 2:1 ratio.
