AllianceBernstein Holding L.P. (NYSE:AB) changes shares on Friday trading session, with a change of -1.86% or -$0.48 shares. The trading starts at $25.53 and closed at $25.79 throughout the day. The trading session low price was $24.88 and day high was $25.649 on Friday, June 26. After the session, the Financial sector daily volume shifted to 0.26 million while its average volume is 470.80K. In other hand, the AB market cap reached to $2.56B. While, its current target price is $25.31 according to WSJ.
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.06% and up 0.24% for month. Its quarterly performance was 35.20% above, while its half year performance is down -16.28%. AB yearly performance stood at negative -12.96% and fall -16.36% for year-to-date. Current recommendation for AllianceBernstein Holding L.P. is 2.30.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. AB EPS (TTM) for 12-month is 2.63. EPS for this year is -0.70%, while for the next year its value is 2.65. Sales growth for the current quarter is 6.69 while its EPS Q/Q reached 29.80%. It has an EPS of 6.40% up for past five years and for the next five years will be up 1.44%.
Let’s take a look on the analyst recommendations on AB for the current month and previous month. For the current month, 3 of 7 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $21.00-$34.50. Average target price for AB was reached at $27.25.
The insider ownership moved to 0.20% and institutional holding shifted to 21.80%.
The company posted an EPS (TTM) of 2.63. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.57, while 0.56 EPS posted a year ago period. Analyst Estimated EPS for AB published in the report was 0.55-0.6 during the same period. Comparing with last year, the average estimated EPS was 0.56 which is lower than 0.64 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for AB fall -7.80% for period of 200 days. SMA for 50 days was 6.64% which is showing green signal, while SMA-20 was -3.03%. The moving average value for AllianceBernstein Holding L.P. (AB) is 26.72 and 24.91 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in AB stock. On Jun 05, Gingrich James A, Chief Operating Officer, sold 2,344 trading shares at the cost of $27.37, which valued at 64155.0. On Jun 03, Gingrich James A, Chief Operating Officer, sold 30,000 shares at the cost of $26.60, with total shares of 69,434. On Jun 02, Gingrich James A, Chief Operating Officer, sold 30,000 shares at the cost of 26.04. After this transaction, Gingrich James A total shares reached to 99,434 which valued at 0.78 million.