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Last $27.47 USD
Change Today +0.29 / 1.07%
Volume 184.4K
AB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

alliancebernstein holding lp (AB) Snapshot

Open
$27.25
Previous Close
$27.18
Day High
$27.65
Day Low
$26.93
52 Week High
05/4/15 - $32.74
52 Week Low
10/16/14 - $22.40
Market Cap
2.8B
Average Volume 10 Days
204.0K
EPS TTM
$1.98
Shares Outstanding
100.7M
EX-Date
08/6/15
P/E TM
13.9x
Dividend
$1.92
Dividend Yield
6.99%
Current Stock Chart for ALLIANCEBERNSTEIN HOLDING LP (AB)

alliancebernstein holding lp (AB) Related Businessweek News

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alliancebernstein holding lp (AB) Details

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. It offers institutional services, including separately-managed accounts, sub-advisory relationships, structured products, collective investment trusts, mutual funds, hedge funds, and other investment vehicles to unaffiliated corporate and public employee pension funds, endowment funds, domestic and foreign institutions, and governments. The company also provides retail services comprising retail mutual funds, sub-advisory relationships with mutual funds sponsored by third parties, and separately managed account programs sponsored by various financial intermediaries and other investment vehicles. In addition, it provides separately managed accounts, hedge funds, mutual funds, and other investment vehicles for private clients, including high-net-worth individuals, trusts and estates, charitable foundations, partnerships, and private and family corporations. Further, AllianceBernstein Holding L.P. offers research services to institutional investors through research, portfolio analysis, and brokerage-related services; and equity capital markets services to issuers of publicly-traded securities. Additionally, it provides distribution, shareholder servicing, and administrative services to its sponsored mutual funds. AllianceBernstein Corporation serves as the general partner of the company. AllianceBernstein Holding L.P. was founded in 1987 and is based in New York, New York.

3,487 Employees
Last Reported Date: 02/12/15
Founded in 1987

alliancebernstein holding lp (AB) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $411.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $1.2M
Chief Operating Officer
Total Annual Compensation: $4.4M
Chairman of Bernstein Research Services and C...
Total Annual Compensation: $2.4M
Chief Talent Officer and Head of Human Capita...
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

alliancebernstein holding lp (AB) Key Developments

Alliancebernstein Holding L.P. Announces Unaudited Consolidated Earnings Results for the Second Quarter of 2015

AllianceBernstein Holding L.P. announced unaudited consolidated earnings results for the second quarter of 2015. For the quarter, adjusted net revenues of $657 million were up 4% compared to the second quarter of 2014, driven by higher base fees, investment gains compared to investment losses in the prior-year period and higher Bernstein Research revenues, partly offset by lower performance-based fees and higher net distribution expense, the result of current quarter distribution payments and amortization of deferred sales commissions that exceeded distribution revenues. Adjusted operating income of $158 million increased 10% from $144 million for the second quarter of 2014, and the adjusted operating margin increased to 24.1% from 23.0%. Adjusted diluted net income per Unit was $0.48 compared to $0.45 in both the second quarter of 2014 and first quarter of 2015. Net revenues of $793 million were up 5% compared to the second quarter of 2014, as base fees, investment gains, Bernstein Research revenues and distribution revenues were all higher, and only partly offset by lower performance-based fees. Operating income of $165 million for the second quarter of 2015 increased 15% from $143 million for the second quarter of 2014 and increased 8% from $153 million in the first quarter of 2015. Diluted net income per Unit for the second quarter of 2015 was $0.48 compared to $0.44 in the second quarter of 2014 and $0.45 in the first quarter of 2015. Adjusted net income was $149,099,000 compared to $137,603,000 a year ago. Net income attributable to the company was $149,094,000 compared to $136,435,000 a year ago.

Henri de Castries Resigns from the Board of Directors of AllianceBernstein Corporation and AllianceBernstein Holding L.P

On July 24, 2015, Henri de Castries, chairman and chief executive officer of AXA S.A., resigned from the board of directors of AllianceBernstein Corporation, general partner of AllianceBernstein L.P. and AllianceBernstein Holding L.P., due to competing demands on his time related to his other job-related responsibilities.

AllianceBernstein Holding L.P. to Report Q2, 2015 Results on Jul 30, 2015

AllianceBernstein Holding L.P. announced that they will report Q2, 2015 results at 8:00 AM, US Eastern Standard Time on Jul 30, 2015

 

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Industry Analysis

AB

Industry Average

Valuation AB Industry Range
Price/Earnings 14.2x
Price/Sales 12.8x
Price/Book 1.7x
Price/Cash Flow 14.3x
TEV/Sales -- Not Meaningful
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