AllianceBernstein Holding Lp (NYSE: AB) on Friday, plunged -3.10% from the previous trading day, before settling in for the closing price of $36.72. Within the past 52 weeks, AB’s price has moved between $27.58 and $38.96.
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The company achieved an average annual earnings per share of 13.90%. With a float of $104.88 million, this company’s outstanding shares have now reached $114.34 million.
Considering the fact that the conglomerate employs 4707 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -318.55%, operating margin of 235.03%, and the pretax margin is 100.0%.
AllianceBernstein Holding Lp (AB) Insider Activity
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of AllianceBernstein Holding Lp is 7.54%, while institutional ownership is 18.26%. The most recent insider transaction that took place on Sep 20 ’24, was worth 24,581,900. In this transaction of this company bought 700,000 shares at a rate of $35.12, taking the stock ownership to the 3,766,838 shares. Before that another transaction happened on Sep 20 ’24, when Company’s bought 500,000 for $34.18, making the entire transaction worth $17,091,700. This insider now owns 3,066,838 shares in total.
AllianceBernstein Holding Lp (AB) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.77 earnings per share (EPS) for the period topping the consensus outlook (set at 0.63) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.84 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.38% during the next five years compared to -1.29% drop over the previous five years of trading.
AllianceBernstein Holding Lp (NYSE: AB) Trading Performance Indicators
AllianceBernstein Holding Lp (AB) is currently performing well based on its current performance indicators. Likewise, its price to free cash flow for the trailing twelve months is 12.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.49, a number that is poised to hit 0.87 in the next quarter and is forecasted to reach 3.62 in one year’s time.
Technical Analysis of AllianceBernstein Holding Lp (AB)
Compared to the last year’s volume of 0.3 million, its volume of 0.39 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 49.25%. Additionally, its Average True Range was 0.88.
During the past 100 days, AllianceBernstein Holding Lp’s (AB) raw stochastic average was set at 59.71%, which indicates a significant increase from 10.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.04% in the past 14 days, which was higher than the 23.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.22, while its 200-day Moving Average is $34.33. Nevertheless, the first resistance level for the watch stands at $36.62 in the near term. At $37.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $38.34. If the price goes on to break the first support level at $34.90, it is likely to go to the next support level at $34.22. Should the price break the second support level, the third support level stands at $33.18.
AllianceBernstein Holding Lp (NYSE: AB) Key Stats
Market capitalization of the company is 3.91 billion based on 115,164K outstanding shares. Right now, sales total 299,781 K and income totals 264,180 K. The company made 1,085 M in profit during its latest quarter, and 127,200 K in sales during its previous quarter.
