On Friday, AllianceBernstein Holding Lp (NYSE: AB) opened higher 4.90% from the last session, before settling in for the closing price of $35.52. Price fluctuations for AB have ranged from $30.10 to $38.96 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 13.90% at the time writing. With a float of $104.39 million, this company’s outstanding shares have now reached $113.34 million.
Let’s look at the performance matrix of the company that is accounted for 4707 employees. 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of AllianceBernstein Holding Lp is 7.97%, while institutional ownership is 18.27%. 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) Latest Financial update
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 14.47% 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
Check out the current performance indicators for AllianceBernstein Holding Lp (AB). Likewise, its price to free cash flow for the trailing twelve months is 13.61.
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 3.61 in one year’s time.
Technical Analysis of AllianceBernstein Holding Lp (AB)
AllianceBernstein Holding Lp (NYSE: AB) saw its 5-day average volume 0.71 million, a positive change from its year-to-date volume of 0.31 million. As of the previous 9 days, the stock’s Stochastic %D was 46.57%. Additionally, its Average True Range was 1.00.
During the past 100 days, AllianceBernstein Holding Lp’s (AB) raw stochastic average was set at 79.74%, which indicates a significant decrease from 84.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.21% in the past 14 days, which was higher than the 25.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.66, while its 200-day Moving Average is $34.58. Nevertheless, the first resistance level for the watch stands at $38.23 in the near term. At $39.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.64. If the price goes on to break the first support level at $35.83, it is likely to go to the next support level at $34.39. The third support level lies at $33.42 if the price breaches the second support level.
AllianceBernstein Holding Lp (NYSE: AB) Key Stats
There are currently 115,164K shares outstanding in the company with a market cap of 4.43 billion. Presently, the company’s annual sales total 299,781 K according to its annual income of 264,180 K. Last quarter, the company’s sales amounted to 1,085 M and its income totaled 127,200 K.
