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21400.0 | 2023-12-11 00:00:00 UTC | AllianceBernstein (AB) Gains as November AUM Balance Rises | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-gains-as-november-aum-balance-rises | nan | nan | Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The company’s preliminary month-end AUM of $696 billion reflected a 6.7% increase from the end of October 2023.
The jump in AB’s November AUM balance was mainly driven by market appreciation and firm-wide net inflows.
At the end of November, AllianceBernstein’s Equity AUM jumped 8.2% on a sequential basis to $296 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) grew 4.8% to $130 billion. Likewise, Fixed Income AUM of $270 billion was up 2.9% from the end of October 2023.
In terms of channel, November month-end Institutions AUM of $305 billion increased 6.3% from the previous month. Retail AUM was $274 billion, which climbed 7.9% from the prior month’s end. Private Wealth AUM of $117 billion rose 5.7% from the October 2023 level.
AllianceBernstein’s global reach and solid AUM balance are likely to boost top-line growth. However, rising operating costs and a challenging operating backdrop are major near-term concerns.
Over the past three months, shares of AB have lost 3.9% against the industry’s rally of 5.3%.
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Currently, AllianceBernstein carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Invesco IVZ has announced preliminary AUM for November 2023. The company’s month-end AUM of $1.54 trillion represented a 6.3% jump from the previous month.
Invesco reported net long-term inflows of $1.7 billion in the month. Additionally, money market net inflows were $5.8 billion and non-management fee-earning net inflows were $2.7 billion. Invesco’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. Further, foreign exchange resulted in a rise in AUM by $6.7 billion.
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. This reflects a 6% increase from $1.33 trillion recorded as of Oct 31, 2023.
The rise in BEN’s AUM balance was primarily driven by the impacts of positive markets and relatively stable long-term net outflows.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The rise in BEN’s AUM balance was primarily driven by the impacts of positive markets and relatively stable long-term net outflows. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The jump in AB’s November AUM balance was mainly driven by market appreciation and firm-wide net inflows. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The jump in AB’s November AUM balance was mainly driven by market appreciation and firm-wide net inflows. | Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The jump in AB’s November AUM balance was mainly driven by market appreciation and firm-wide net inflows. Over the past three months, shares of AB have lost 3.9% against the industry’s rally of 5.3%. |
21401.0 | 2023-12-05 00:00:00 UTC | INSIGHT-Life insurers binge on US financing aimed at helping housing | AB | https://www.nasdaq.com/articles/insight-life-insurers-binge-on-us-financing-aimed-at-helping-housing | nan | nan | By Koh Gui Qing
NEW YORK, Dec 5 (Reuters) - Major life insurers are accessing cheap funding at record levels from a U.S. government-backed financing system, sapping billions of dollars meant to help increase affordable housing, interviews with industry executives and regulatory disclosures show.
When Federal Home Loan Banks (FHLBs) were created in 1932 in the aftermath of the Great Depression to finance firms that offer home loans, insurers were granted access to this system because they provided mortgages.
The extent to which FHLBs finance insurers has not been previously reported. Reuters interviews with more than a dozen industry executives and regulators, a review of regulatory disclosures and data show this borrowing has not been matched by a rise in home loan affordability, with the cost of mortgages soaring to its highest in 23 years.
FHLBs typically have a lower cost of borrowing than what is otherwise commercially available, because these banks enjoy an implicit U.S. taxpayer-backed guarantee on their debt. They provide the cheap funding to banks and insurers in exchange for collateral to ensure they get their money back.
A spokesperson for the Federal Housing Finance Agency (FHFA), which oversees the FHLBs, declined to comment specifically on insurers tapping FHLBs, but said the regulator was considering implementing new requirements for borrowing from FHLBs to ensure the support of housing and community development. They declined to provide more details.
Ryan Donovan, president and CEO of the Council of Federal Home Loan Banks, a trade association for FHLBs, said the banks have "abided by the will of Congress" to provide liquidity and support affordable housing.
BORROWING BILLIONS
FHLBs lent a record $137.1 billion to life insurance firms last year, building on a trend that started around 2008, according to the FHLB Office of finance.
Yet the industry's investments in home mortgages have dropped. National Association of Insurance Commissioners (NAIC) data shows that insurance companies have been buying fewer residential-backed mortgage securities (RMBS), which boost liquidity in the home mortgage market, while purchases of commercial-mortgage backed securities (CMBS) have been steady.
In 2022, life insurance companies bought $193.1 billion worth of RMBS, down 6% from $205.3 billion in 2021, as soaring inflation soured their appetite to invest more. In contrast, their appetite for CMBS remained steady, with purchases totaling $203.6 billion in 2022, almost flat compared to $204.7 billion in 2021.
Lawrence White, an economics professor at New York University who recently co-authored research about FHLBs, said insurers did not need to borrow from FHLBs to invest in mortgages in the first place.
"It's an artifact of the 1930s that insurance companies are part of the FHLB system," White said.
MetLife Inc MET.N, Equitable Holdings Inc EQH.N, TIAA, Corebridge Financial CRBG.K and Brighthouse Financial Inc BHF.O are among the insurance firms that are prolific users of FHLB funding, their regulatory filings show.
JUICING RETURNS
Cynthia Beaulieu, a managing director and portfolio manager at Conning, which manages $205 billion in assets for investors such as insurance companies, said a majority of her clients use FHLB loans to generate extra returns because "the arbitrage was really attractive."
Life insurers can lock in returns between 85 and 140 basis points by taking FHLB loans and investing the money in pools of loans such as collateralized loan obligations, Wellington Management, a Boston-based investment manager, said on its website in July. A percentage point is 100 basis points.
Insurers are entitled to tap FHLB funding. Yet U.S. taxpayers are backstopping the insurance industry's profits with little to show, said Cornelius Hurley, a lecturer at the Boston University School of Law and a member of the Coalition for FHLB Reform, a group that calls for changes to the FHLB system to address unmet housing needs.
"All (insurers) do is they happen to have some government securities and mortgage-backed securities in their investment portfolios. But they don’t provide any public benefit in return for that," Hurley said.
AIDED BY REGULATORS
To be sure, banks have also been stepping up their borrowing from FHLBs to tap cheap funding. An FHFA report published last month showed how some troubled regional banks, including Silicon Valley Bank and First Republic, were using FHLBs as lender of last resort, encouraging risk-taking that hastened their collapse.
Insurers’ borrowing from FHLBs picked up in 2008 financial crisis, as those that spread themselves thin with aggressive investments scrambled for cash. Subsequent regulatory changes emboldened insurers to borrow more.
The National Association of Insurance Commissioners (NAIC), which sets policy that many state insurance regulators follow, allowed insurers in 2009 to treat FHLB borrowing as "operating leverage" rather than debt, as long as they use the money for investments.
This gives insurers more room to saddle themselves with more with debt, because borrowing from FHLBs weighs less on their capital ratios than commercial borrowing, FHLB officials, analysts and economists say. It can also give them a more favorable credit rating, allowing them to borrow more debt at cheaper rates.
In 2018, the NAIC again made FHLB borrowing more attractive for insurance companies, by requiring them to hold less money aside for every dollar they borrow from FHLBs.
The NAIC declined to comment.
The reduced capital charges can more than double insurers’ return on investments from FHLB loans, according to FHLB Chicago. On its website, it gives examples of how insurers can borrow from it to invest in commercial mortgage securities, rather than residential mortgage securities that benefit the housing market directly.
Insurers have lobbied to maintain the current arrangement. The American Council of Life Insurers (ACLI) and the Insurance Coalition wrote to the FHFA in letters reviewed by Reuters, arguing that curbing their FHLB borrowing would remove liquidity from the market for mortgages. They did not explain why insurers need FHLB funding to invest in mortgages.
ACLI spokesman Jack Dolan said that life insurers' FHLB borrowings represented a small fraction of the $8.3 trillion in assets held by the industry, and that tapping FHLBs was "part of prudent, long-term risk management strategies." The Insurance Coalition did not respond to a request for comment.
The 10 life insurers that are the most prolific FHLB borrowers https://tmsnrt.rs/3QSsATh
(Reporting by Koh Qui Ging in New York; Editing by Greg Roumeliotis and Anna Driver)
((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Koh Gui Qing NEW YORK, Dec 5 (Reuters) - Major life insurers are accessing cheap funding at record levels from a U.S. government-backed financing system, sapping billions of dollars meant to help increase affordable housing, interviews with industry executives and regulatory disclosures show. Reuters interviews with more than a dozen industry executives and regulators, a review of regulatory disclosures and data show this borrowing has not been matched by a rise in home loan affordability, with the cost of mortgages soaring to its highest in 23 years. FHLBs typically have a lower cost of borrowing than what is otherwise commercially available, because these banks enjoy an implicit U.S. taxpayer-backed guarantee on their debt. | By Koh Gui Qing NEW YORK, Dec 5 (Reuters) - Major life insurers are accessing cheap funding at record levels from a U.S. government-backed financing system, sapping billions of dollars meant to help increase affordable housing, interviews with industry executives and regulatory disclosures show. Reuters interviews with more than a dozen industry executives and regulators, a review of regulatory disclosures and data show this borrowing has not been matched by a rise in home loan affordability, with the cost of mortgages soaring to its highest in 23 years. FHLBs typically have a lower cost of borrowing than what is otherwise commercially available, because these banks enjoy an implicit U.S. taxpayer-backed guarantee on their debt. | By Koh Gui Qing NEW YORK, Dec 5 (Reuters) - Major life insurers are accessing cheap funding at record levels from a U.S. government-backed financing system, sapping billions of dollars meant to help increase affordable housing, interviews with industry executives and regulatory disclosures show. Reuters interviews with more than a dozen industry executives and regulators, a review of regulatory disclosures and data show this borrowing has not been matched by a rise in home loan affordability, with the cost of mortgages soaring to its highest in 23 years. FHLBs typically have a lower cost of borrowing than what is otherwise commercially available, because these banks enjoy an implicit U.S. taxpayer-backed guarantee on their debt. | By Koh Gui Qing NEW YORK, Dec 5 (Reuters) - Major life insurers are accessing cheap funding at record levels from a U.S. government-backed financing system, sapping billions of dollars meant to help increase affordable housing, interviews with industry executives and regulatory disclosures show. Reuters interviews with more than a dozen industry executives and regulators, a review of regulatory disclosures and data show this borrowing has not been matched by a rise in home loan affordability, with the cost of mortgages soaring to its highest in 23 years. FHLBs typically have a lower cost of borrowing than what is otherwise commercially available, because these banks enjoy an implicit U.S. taxpayer-backed guarantee on their debt. |
21402.0 | 2023-11-30 00:00:00 UTC | 3 AllianceBernstein Mutual Funds to Buy Amid Market Volatility | AB | https://www.nasdaq.com/articles/3-alliancebernstein-mutual-funds-to-buy-amid-market-volatility | nan | nan | Headquartered in Nashville, TN, AllianceBernstein Holding L.P. AB is one of the most trusted investment management companies in the world. In 2000, a merger brought together Alliance Capital’s capabilities in growth equity and corporate fixed income and Bernstein’s expertise in value equity and tax-exempt fixed income to form the current company.
AllianceBernstein has approximately $652 billion in assets under management as of October 30, 2023. The retail part of AllianceBernstein providesinvestment advice research and tools that cover mutual funds, managed accounts, college and retirement saving, and insurance services. Bernstein Research, a wholly-owned subsidiary, provides sell-side research and brokerage services. Bernstein Wealth Management provides investment and wealth-planning services for high-net-worth clients in the Americas.
The company currently has more than 4600 employees across 45 locations globally. While reporting its third-quarter 2023 earnings, AllianceBernstein projected resilience amid a challenging market environment, which was witnessing a pullback in equity and fixed-income markets. Notwithstanding, the firm achieved organic growth across key services. Gross sales rose to $25.2 billion, marking a 27% year-over-year increase. Of its fixed-income assets, 73% outperformed their year-ago numbers. The retail channel saw net inflows of $1.6 billion, driven by demand for taxable and municipal fixed income.
While projecting for the future, the firm said it expects positive flows in municipal bonds as interest rates remain elevated and inflation is controlled. New initiatives, such as the launch of an interval fund and the growth of the active ETF business, are also expected to do well.
Thus, investing in mutual funds from AllianceBernstein may provide the much-required stability and growth potential in a market that is expected to remain volatile for a while. Hence, astute investors should consider such funds at present. Mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges that are mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
We have thus selected three mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), have positive three-year and five-year annualized returns and minimum initial investments within $5000, as well as carry a low expense ratio.
AB Value Fund ABVRX invests primarily in a varied portfolio of domestic, large-cap companies that the fund advisor believes are undervalued. In deciding a company’s valuation, ABVRX advisors consider firms that are attractively priced relative to their future earnings power and dividend-paying capability.
Cem Inal has been the lead manager of ABVRX since March 2016. The three top holdings for ABVRX are 4.3% in Walmart, 3.6% in Wells Fargo and 3.4% in Oracle.
ABVRX’s 3-year and 5-year annualized returns are 13.3% and 5.9%, respectively, and its net expense ratio is 0.70% compared to the category average of 0.94%. ABVRX has a Zacks Mutual Fund Rank #1. To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
AB Trust - AB Discovery Value Fund ABSIX primarily invests its equity securities of small-cap and mid-cap domestic companies. ABSIX advisors define small- to mid-cap companies as those that, at the time of investment, fall within the capitalization range between the smallest company in the Russell 2500 Value Index and the greater of $5 billion or the market-cap of the largest company in the Russell 2500 Value Index.
James W. MacGregor has been the lead manager of ABSIX since February 2005. The three top holdings for ABSIX are 2% in First Citizens Bank, 1.7% in Dycom and 1.7% in Vertiv.
ABSIX’s 3-year and 5-year annualized returns are 10.7% and 4.1%, respectively, and its net expense ratio is 1.08% compared to the category average of 1.16%. ABSIX has a Zacks Mutual Fund Rank #1.
AB Large Cap Growth Fund APGCX invests primarily in equity securities of a careful selection of high-quality large-cap domestic companies. For arriving at the investment decision, APGCX advisors consider large, seasoned companies across sectors with very high growth potential.
John H. Fogarty has been the lead manager of APGCX since February 2012. The three top holdings for APGCX are 9.6% in Microsoft, 5% in Alphabet and 4.9% in Visa.
APGCX’s 3-year and 5-year annualized returns are 6% and 11.9%, respectively, and its net expense ratio is 0.60% compared to the category average of 0.99%. APGCX has a Zacks Mutual Fund Rank #1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In deciding a company’s valuation, ABVRX advisors consider firms that are attractively priced relative to their future earnings power and dividend-paying capability. AB Large Cap Growth Fund APGCX invests primarily in equity securities of a careful selection of high-quality large-cap domestic companies. Headquartered in Nashville, TN, AllianceBernstein Holding L.P. AB is one of the most trusted investment management companies in the world. | AB Trust - AB Discovery Value Fund ABSIX primarily invests its equity securities of small-cap and mid-cap domestic companies. AB Large Cap Growth Fund APGCX invests primarily in equity securities of a careful selection of high-quality large-cap domestic companies. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Get Your Free (ABSIX): Fund Analysis Report Get Your Free (ABVRX): Fund Analysis Report Get Your Free (APGCX): Fund Analysis Report To read this article on Zacks.com click here. | AB Value Fund ABVRX invests primarily in a varied portfolio of domestic, large-cap companies that the fund advisor believes are undervalued. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Get Your Free (ABSIX): Fund Analysis Report Get Your Free (ABVRX): Fund Analysis Report Get Your Free (APGCX): Fund Analysis Report To read this article on Zacks.com click here. Headquartered in Nashville, TN, AllianceBernstein Holding L.P. AB is one of the most trusted investment management companies in the world. | ABVRX has a Zacks Mutual Fund Rank #1. ABSIX has a Zacks Mutual Fund Rank #1. Headquartered in Nashville, TN, AllianceBernstein Holding L.P. AB is one of the most trusted investment management companies in the world. |
21403.0 | 2023-11-10 00:00:00 UTC | AllianceBernstein's (AB) October AUM Down on Market Depreciation | AB | https://www.nasdaq.com/articles/alliancebernsteins-ab-october-aum-down-on-market-depreciation | nan | nan | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2023. The company’s preliminary month-end AUM of $652 billion reflects a 2.5% fall from the end of September 2023.
The decrease was mainly due to market depreciation and firm-wide net outflows.
At the end of October, AllianceBernstein’s Equity AUM decreased 3.5% on a sequential basis to $273 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) fell 1.6% to $124 billion. Fixed Income AUM of $255 billion was down 1.9% from the end of September 2023.
In terms of channel, October month-end institutions AUM of $288 billion declined 3% from the previous month. Retail AUM was $254 billion, down 1.9% from the prior month’s end. Private Wealth AUM of $110 billion decreased 2.7% from the September 2023 level.
AllianceBernstein’s global reach and solid AUM balance are likely to boost top-line growth. However, rising operating costs and a challenging operating backdrop are major near-term concerns.
Over the past three months, shares of AB have lost 9.9% compared with the industry’s fall of 4.7%.
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Currently, AllianceBernstein carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Asset Managers
Cohen & Steers, Inc. CNS reported a preliminary AUM of $72.2 billion as of Oct 31, 2023, which reflects a decrease of 4% from the prior-month level. Market depreciation of $2.1 billion, net outflows of $732 million and distributions of $154 million led to the decline.
CNS recorded total institutional accounts of $29.8 billion at the end of October 2023, declining 4.6% from the September-end level. Of the total institutional accounts, advisory accounts were $17.3 billion, while the rest were sub-advisory.
Invesco IVZ has announced a preliminary AUM for October 2023. The company’s month-end AUM of $1.45 trillion represented a 2.5% decrease from the previous month.
IVZ reported net long-term outflows of $0.1 billion in the reported month. Further, money market net outflows were $10.7 billion. Unfavorable market returns decreased the AUM by $27 billion and foreign exchange decreased the AUM by $0.7 billion. On the other hand, non-management fee-earning net inflows were $1.7 billion.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2023. Over the past three months, shares of AB have lost 9.9% compared with the industry’s fall of 4.7%. Unfavorable market returns decreased the AUM by $27 billion and foreign exchange decreased the AUM by $0.7 billion. | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2023. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. Over the past three months, shares of AB have lost 9.9% compared with the industry’s fall of 4.7%. | Unfavorable market returns decreased the AUM by $27 billion and foreign exchange decreased the AUM by $0.7 billion. Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2023. | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2023. Over the past three months, shares of AB have lost 9.9% compared with the industry’s fall of 4.7%. Unfavorable market returns decreased the AUM by $27 billion and foreign exchange decreased the AUM by $0.7 billion. |
21404.0 | 2023-11-09 00:00:00 UTC | AllianceBernstein Holding Enters Oversold Territory | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-enters-oversold-territory-0 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. AllianceBernstein Holding LP (Symbol: AB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making AllianceBernstein Holding LP an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AB entered into oversold territory, changing hands as low as $27.01 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of AllianceBernstein Holding LP, the RSI reading has hit 28.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 50.6. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AB's recent annualized dividend of 2.6/share (currently paid in quarterly installments) works out to an annual yield of 9.38% based upon the recent $27.71 share price.
A bullish investor could look at AB's 28.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AB is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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Also see:
WFC Options Chain
Truist Financial DMA
Top Ten Hedge Funds Holding EYLD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AB's 28.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. AllianceBernstein Holding LP (Symbol: AB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making AllianceBernstein Holding LP an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AB entered into oversold territory, changing hands as low as $27.01 per share. | Indeed, AB's recent annualized dividend of 2.6/share (currently paid in quarterly installments) works out to an annual yield of 9.38% based upon the recent $27.71 share price. AllianceBernstein Holding LP (Symbol: AB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making AllianceBernstein Holding LP an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AB entered into oversold territory, changing hands as low as $27.01 per share. | Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: WFC Options Chain Truist Financial DMA Top Ten Hedge Funds Holding EYLD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AllianceBernstein Holding LP (Symbol: AB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making AllianceBernstein Holding LP an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AB entered into oversold territory, changing hands as low as $27.01 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AB is its dividend history. AllianceBernstein Holding LP (Symbol: AB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making AllianceBernstein Holding LP an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AB entered into oversold territory, changing hands as low as $27.01 per share. |
21405.0 | 2023-11-06 00:00:00 UTC | Validea's Top Financial Stocks Based On Warren Buffett - 11/6/2023 | AB | https://www.nasdaq.com/articles/valideas-top-financial-stocks-based-on-warren-buffett-11-6-2023 | nan | nan | The following are the top rated Financial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Warren Buffett is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. is a global investment management company. The Company provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. It offers Private Wealth Management services to its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: FAIL
USE OF RETAINED EARNINGS: FAIL
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
AB Guru Analysis
AB Fundamental Analysis
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. | Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP AB Guru Analysis AB Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. | Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP AB Guru Analysis AB Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. | This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. |
21406.0 | 2023-11-01 00:00:00 UTC | Ex-Dividend Reminder: Citigroup, AllianceBernstein Holding and Ameriprise Financial | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-citigroup-alliancebernstein-holding-and-ameriprise-financial | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 11/3/23, Citigroup Inc (Symbol: C), AllianceBernstein Holding LP (Symbol: AB), and Ameriprise Financial Inc (Symbol: AMP) will all trade ex-dividend for their respective upcoming dividends. Citigroup Inc will pay its quarterly dividend of $0.53 on 11/22/23, AllianceBernstein Holding LP will pay its quarterly dividend of $0.65 on 11/22/23, and Ameriprise Financial Inc will pay its quarterly dividend of $1.35 on 11/17/23. As a percentage of C's recent stock price of $39.46, this dividend works out to approximately 1.34%, so look for shares of Citigroup Inc to trade 1.34% lower — all else being equal — when C shares open for trading on 11/3/23. Similarly, investors should look for AB to open 2.26% lower in price and for AMP to open 0.43% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Ameriprise Financial Inc (Symbol: AMP) is a "future dividend aristocrats contender," with 18+ years of increases.
Below are dividend history charts for C, AB, and AMP, showing historical dividends prior to the most recent ones declared.
Citigroup Inc (Symbol: C):
AllianceBernstein Holding LP (Symbol: AB):
Ameriprise Financial Inc (Symbol: AMP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.37% for Citigroup Inc, 9.03% for AllianceBernstein Holding LP, and 1.71% for Ameriprise Financial Inc.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Citigroup Inc shares are currently off about 0.1%, AllianceBernstein Holding LP shares are up about 0.2%, and Ameriprise Financial Inc shares are up about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. Looking at the universe of stocks we cover at Dividend Channel, on 11/3/23, Citigroup Inc (Symbol: C), AllianceBernstein Holding LP (Symbol: AB), and Ameriprise Financial Inc (Symbol: AMP) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AB to open 2.26% lower in price and for AMP to open 0.43% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 11/3/23, Citigroup Inc (Symbol: C), AllianceBernstein Holding LP (Symbol: AB), and Ameriprise Financial Inc (Symbol: AMP) will all trade ex-dividend for their respective upcoming dividends. Citigroup Inc (Symbol: C): AllianceBernstein Holding LP (Symbol: AB): Ameriprise Financial Inc (Symbol: AMP): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AB to open 2.26% lower in price and for AMP to open 0.43% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 11/3/23, Citigroup Inc (Symbol: C), AllianceBernstein Holding LP (Symbol: AB), and Ameriprise Financial Inc (Symbol: AMP) will all trade ex-dividend for their respective upcoming dividends. If they do continue, the current estimated yields on annualized basis would be 5.37% for Citigroup Inc, 9.03% for AllianceBernstein Holding LP, and 1.71% for Ameriprise Financial Inc. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Citigroup Inc shares are currently off about 0.1%, AllianceBernstein Holding LP shares are up about 0.2%, and Ameriprise Financial Inc shares are up about 0.6% on the day. Similarly, investors should look for AB to open 2.26% lower in price and for AMP to open 0.43% lower, all else being equal. | Citigroup Inc (Symbol: C): AllianceBernstein Holding LP (Symbol: AB): Ameriprise Financial Inc (Symbol: AMP): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 5.37% for Citigroup Inc, 9.03% for AllianceBernstein Holding LP, and 1.71% for Ameriprise Financial Inc. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Citigroup Inc shares are currently off about 0.1%, AllianceBernstein Holding LP shares are up about 0.2%, and Ameriprise Financial Inc shares are up about 0.6% on the day. Looking at the universe of stocks we cover at Dividend Channel, on 11/3/23, Citigroup Inc (Symbol: C), AllianceBernstein Holding LP (Symbol: AB), and Ameriprise Financial Inc (Symbol: AMP) will all trade ex-dividend for their respective upcoming dividends. |
21407.0 | 2023-10-27 00:00:00 UTC | AllianceBernstein Holding L.P. Q3 23 Earnings Conference Call At 10:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q3-23-earnings-conference-call-at-10%3A00-am-et | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 27, 2023, to discuss Q3 23 earnings results.
To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations
To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 27, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 27, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 27, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 27, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
21408.0 | 2023-10-26 00:00:00 UTC | AllianceBernstein Holding L.P. Q3 Profit Decreases, but beats estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q3-profit-decreases-but-beats-estimates | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for third quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $167.40 million, or $0.50 per share. This compares with $175.18 million, or $0.56 per share, in last year's third quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $74.07 million or $0.65 per share for the period.
Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.4% to $1.03 billion from $986.98 million last year.
AllianceBernstein Holding L.P. earnings at a glance (GAAP) :
-Earnings (Q3): $167.40 Mln. vs. $175.18 Mln. last year. -EPS (Q3): $0.50 vs. $0.56 last year. -Analyst Estimates: $0.62 -Revenue (Q3): $1.03 Bln vs. $986.98 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for third quarter that decreased from the same period last year but beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $74.07 million or $0.65 per share for the period. Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for third quarter that decreased from the same period last year but beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $74.07 million or $0.65 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for third quarter that decreased from the same period last year but beat the Street estimates. This compares with $175.18 million, or $0.56 per share, in last year's third quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $74.07 million or $0.65 per share for the period. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for third quarter that decreased from the same period last year but beat the Street estimates. This compares with $175.18 million, or $0.56 per share, in last year's third quarter. -Analyst Estimates: $0.62 -Revenue (Q3): $1.03 Bln vs. $986.98 Mln last year. |
21409.0 | 2023-10-19 00:00:00 UTC | AllianceBernstein Holding Enters Oversold Territory (AB) | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-enters-oversold-territory-ab | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $28.80 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 41.6. A bullish investor could look at AB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares:
Looking at the chart above, AB's low point in its 52 week range is $28.80 per share, with $42 as the 52 week high point — that compares with a last trade of $28.83.
Free Report: Top 8%+ Dividends (paid monthly)
Find out what 9 other oversold stocks you need to know about »
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Institutional Holders of CPS
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WCIC Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $28.80 per share, with $42 as the 52 week high point — that compares with a last trade of $28.83. Free Report: Top 8%+ Dividends (paid monthly) Find out what 9 other oversold stocks you need to know about » Also see: Institutional Holders of CPS Funds Holding FZT WCIC Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $28.80 per share. A bullish investor could look at AB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $28.80 per share, with $42 as the 52 week high point — that compares with a last trade of $28.83. | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $28.80 per share. A bullish investor could look at AB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $28.80 per share, with $42 as the 52 week high point — that compares with a last trade of $28.83. | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $28.80 per share. A bullish investor could look at AB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $28.80 per share, with $42 as the 52 week high point — that compares with a last trade of $28.83. |
21410.0 | 2023-10-09 00:00:00 UTC | Validea's Top Financial Stocks Based On Warren Buffett - 10/9/2023 | AB | https://www.nasdaq.com/articles/valideas-top-financial-stocks-based-on-warren-buffett-10-9-2023 | nan | nan | The following are the top rated Financial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
MARSH & MCLENNAN COMPANIES INC (MMC) is a large-cap growth stock in the Insurance (Miscellaneous) industry. The rating according to our strategy based on Warren Buffett is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Marsh & McLennan Companies, Inc. is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of advice and digital solutions that help organizations meet the health, wealth and career needs, and Oliver Wyman Group, the management and economic consultancy. It conducts business through two segments: Risk and Insurance Services, which includes risk management activities, as well as insurance and reinsurance broking and services, and Consulting includes health, wealth and career services and products, and specialized management, economic and brand consulting services. The Company conducts business in the Risk and Insurance Services segment through Marsh and Guy Carpenter. It conducts business in the Consulting segment through Mercer and Oliver Wyman Group.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: FAIL
EXPECTED RETURN: PASS
Detailed Analysis of MARSH & MCLENNAN COMPANIES INC
MMC Guru Analysis
MMC Fundamental Analysis
AFLAC INCORPORATED (AFL) is a large-cap value stock in the Insurance (Accident & Health) industry. The rating according to our strategy based on Warren Buffett is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Aflac Incorporated is engaged in supplemental health and life insurance company. Its insurance business is marketed and administered through American Family Life Assurance Company of Columbus (Aflac) in the United States and through Aflac Life Insurance Japan Ltd. (ALIJ) in Japan. Its segments include Aflac Japan and Aflac U.S. Aflac Japan is designed to help consumers pay for medical and non-medical costs that are not reimbursed under Japan's national health insurance system. Its insurance products include cancer, medical and income support insurance, nursing care insurance, work leave insurance, whole life, GIFT and WAYS and child endowment. It designs its United States insurance products to provide supplemental coverage for people having medical or primary insurance coverage. Aflac U.S. products are distributed in the individual and group supplemental insurance markets. It also offers insurance products, such as accident insurance, disability insurance, cancer insurance and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: FAIL
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of AFLAC INCORPORATED
AFL Guru Analysis
AFL Fundamental Analysis
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Warren Buffett is 63% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. is a global investment management company. The Company provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. It offers Private Wealth Management services to its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: FAIL
USE OF RETAINED EARNINGS: FAIL
SHARE REPURCHASE: NEUTRAL
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
AB Guru Analysis
AB Fundamental Analysis
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. |
21411.0 | 2023-10-03 00:00:00 UTC | Goldman Sachs Upgrades AllianceBernstein Holding Lp - Unit (AB) | AB | https://www.nasdaq.com/articles/goldman-sachs-upgrades-alliancebernstein-holding-lp-unit-ab | nan | nan | Fintel reports that on October 3, 2023, Goldman Sachs upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy .
Analyst Price Forecast Suggests 23.18% Upside
As of August 31, 2023, the average one-year price target for AllianceBernstein Holding Lp - Unit is 37.10. The forecasts range from a low of 32.32 to a high of $43.58. The average price target represents an increase of 23.18% from its latest reported closing price of 30.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AllianceBernstein Holding Lp - Unit is 3,467MM. The projected annual non-GAAP EPS is 2.71.
What is the Fund Sentiment?
There are 259 funds or institutions reporting positions in AllianceBernstein Holding Lp - Unit. This is a decrease of 28 owner(s) or 9.76% in the last quarter. Average portfolio weight of all funds dedicated to AB is 0.13%, a decrease of 7.86%. Total shares owned by institutions increased in the last three months by 5.22% to 17,427K shares.
The put/call ratio of AB is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
American Century Companies holds 1,874K shares representing 1.65% ownership of the company. In it's prior filing, the firm reported owning 1,816K shares, representing an increase of 3.08%. The firm decreased its portfolio allocation in AB by 11.67% over the last quarter.
TWEIX - Equity Income Fund Investor Class holds 1,539K shares representing 1.35% ownership of the company. In it's prior filing, the firm reported owning 1,491K shares, representing an increase of 3.09%. The firm decreased its portfolio allocation in AB by 5.85% over the last quarter.
Jpmorgan Chase holds 1,509K shares representing 1.33% ownership of the company. In it's prior filing, the firm reported owning 1,340K shares, representing an increase of 11.18%. The firm increased its portfolio allocation in AB by 603.56% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.09% ownership of the company. No change in the last quarter.
UBS Group holds 733K shares representing 0.65% ownership of the company. In it's prior filing, the firm reported owning 727K shares, representing an increase of 0.84%. The firm increased its portfolio allocation in AB by 3.24% over the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on October 3, 2023, Goldman Sachs upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Average portfolio weight of all funds dedicated to AB is 0.13%, a decrease of 7.86%. | Fintel reports that on October 3, 2023, Goldman Sachs upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . Average portfolio weight of all funds dedicated to AB is 0.13%, a decrease of 7.86%. The put/call ratio of AB is 0.66, indicating a bullish outlook. | Fintel reports that on October 3, 2023, Goldman Sachs upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . Average portfolio weight of all funds dedicated to AB is 0.13%, a decrease of 7.86%. The put/call ratio of AB is 0.66, indicating a bullish outlook. | Fintel reports that on October 3, 2023, Goldman Sachs upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . Average portfolio weight of all funds dedicated to AB is 0.13%, a decrease of 7.86%. The put/call ratio of AB is 0.66, indicating a bullish outlook. |
21412.0 | 2023-09-20 00:00:00 UTC | Marketing automation firm Klaviyo's shares set to jump up to 20% | AB | https://www.nasdaq.com/articles/marketing-automation-firm-klaviyos-shares-set-to-jump-up-to-20 | nan | nan | Updates with indications
Sept 20 (Reuters) - Shares of Klaviyo KVYO.N were set to open up to 20% above their IPO offer price on Wednesday, giving the marketing automation company a potential valuation of $11 billion.
The Boston-based company's initial public offering (IPO) was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings.
The offering gave Klaviyo a valuation of $9.2 billion. BlackRock BLK.N and AllianceBernstein have agreed to buy up to $100 million worth of shares each, accounting for a big chunk of the total IPO proceeds.
A successful debut of Klaviyo would underscore a revival in the IPO market, which has been on ice for nearly 18 months after the end of an easy-money regime prompted investors to question the valuations of high-flying startups.
Both Arm and Instacart have seen strong debuts in recent days but have given back most of their gains following their first-day pops. However, their shares are still above their respective IPO prices.
Founded in 2012 by software engineers Andrew Bialecki and Ed Hallen, Klaviyo helps store and analyze data for e-commerce brands, enabling them to send out personalized marketing emails and messages to potential customers.
(Reporting by Jaiveer Singh Shekhawat and Niket Nishant in Bengaluru; Editing by Anil D'Silva and Vinay Dwivedi)
((Niket.Nishant@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Updates with indications Sept 20 (Reuters) - Shares of Klaviyo KVYO.N were set to open up to 20% above their IPO offer price on Wednesday, giving the marketing automation company a potential valuation of $11 billion. Founded in 2012 by software engineers Andrew Bialecki and Ed Hallen, Klaviyo helps store and analyze data for e-commerce brands, enabling them to send out personalized marketing emails and messages to potential customers. The Boston-based company's initial public offering (IPO) was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. | Updates with indications Sept 20 (Reuters) - Shares of Klaviyo KVYO.N were set to open up to 20% above their IPO offer price on Wednesday, giving the marketing automation company a potential valuation of $11 billion. The Boston-based company's initial public offering (IPO) was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. However, their shares are still above their respective IPO prices. | Updates with indications Sept 20 (Reuters) - Shares of Klaviyo KVYO.N were set to open up to 20% above their IPO offer price on Wednesday, giving the marketing automation company a potential valuation of $11 billion. The Boston-based company's initial public offering (IPO) was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. However, their shares are still above their respective IPO prices. | Updates with indications Sept 20 (Reuters) - Shares of Klaviyo KVYO.N were set to open up to 20% above their IPO offer price on Wednesday, giving the marketing automation company a potential valuation of $11 billion. The Boston-based company's initial public offering (IPO) was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. However, their shares are still above their respective IPO prices. |
21413.0 | 2023-09-20 00:00:00 UTC | Klaviyo prepares for US market debut after pricing IPO above range | AB | https://www.nasdaq.com/articles/klaviyo-prepares-for-us-market-debut-after-pricing-ipo-above-range | nan | nan | Sept 20 (Reuters) - Marketing automation company Klaviyo KVYO.N was set to list its shares on the New York Stock Exchange on Wednesday, in a third big test for the market for new issues following smooth debuts of Arm Holdings ARM.O and Instacart CART.O.
The Boston-based company's initial public offering was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings.
The offering gave Klaviyo a valuation of $9.2 billion. BlackRock BLK.N and AllianceBernstein have agreed to buy up to $100 million worth of shares each, accounting for a big chunk of the total IPO proceeds.
A successful debut of Klaviyo would underscore a revival in the IPO market, which has been on ice for nearly 18 months after the end of an easy-money regime prompted investors to question the valuations of high-flying startups.
Both Arm and Instacart have seen strong debuts in recent days but have given back most of their gains following the first-day pops. However, their shares are still above their respective IPO prices.
Founded in 2012 by software engineers Andrew Bialecki and Ed Hallen, Klaviyo helps store and analyze data for e-commerce brands, enabling them to send out personalized marketing emails and messages to potential customers.
(Reporting by Niket Nishant in Bengaluru; Editing by Anil D'Silva)
((Niket.Nishant@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Boston-based company's initial public offering was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. Founded in 2012 by software engineers Andrew Bialecki and Ed Hallen, Klaviyo helps store and analyze data for e-commerce brands, enabling them to send out personalized marketing emails and messages to potential customers. However, their shares are still above their respective IPO prices. | The Boston-based company's initial public offering was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. However, their shares are still above their respective IPO prices. Founded in 2012 by software engineers Andrew Bialecki and Ed Hallen, Klaviyo helps store and analyze data for e-commerce brands, enabling them to send out personalized marketing emails and messages to potential customers. | Founded in 2012 by software engineers Andrew Bialecki and Ed Hallen, Klaviyo helps store and analyze data for e-commerce brands, enabling them to send out personalized marketing emails and messages to potential customers. The Boston-based company's initial public offering was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. However, their shares are still above their respective IPO prices. | However, their shares are still above their respective IPO prices. The Boston-based company's initial public offering was priced above range on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings. Founded in 2012 by software engineers Andrew Bialecki and Ed Hallen, Klaviyo helps store and analyze data for e-commerce brands, enabling them to send out personalized marketing emails and messages to potential customers. |
21414.0 | 2023-09-07 00:00:00 UTC | Large LBO bond sales could prompt September US junk debt rush | AB | https://www.nasdaq.com/articles/large-lbo-bond-sales-could-prompt-september-us-junk-debt-rush | nan | nan | By Matt Tracy
Sept 7 (Reuters) - A successful sale of debt backing several large leveraged buyouts (LBOs) being sounded to investors is expected to spark a rush of new junk-bond supply this month from companies looking to fund acquisitions and refinance debt.
U.S. junk debt issuance in September could total $20 billion or more, compared to a total $17 billion in the previous two months, according to several high yield investors and Informa Global Markets data.
That tally would easily outpace the $9 billion in September 2022, when bond issuance slowed and market volatility spiked on worries that default rates could rise in a higher interest rate environment.
But default rates have so far been lower than expected, and investors' demand for junk-rated debt has risen on higher yields, creating an issuance opportunity for companies.
Total year-to-date returns on the Morningstar LSTA U.S. Leveraged Loan 100 Index .SPDBLL and ICE BofA High Yield Index .MERH0A0, at 8.98% and 6.68%, have outpaced the 1.75% year-to-date returns on the ICE BofA U.S. Corporate Index .MERC0A0, which tracks high-grade corporate bonds.
"Investor demand should be strong for most new high-yield debt because they are paying high coupons in an environment where default rates have been arguably much lower than expected," said Manuel Hayes, senior portfolio manager at asset manager Insight Investment.
"You could miss this current phase of nearly 9% yields on new junk bonds if you wait for market conditions to settle down," he added.
On Wednesday, a Goldman Sachs-led GS.N bank group said it will market $1.7 billion in senior secured notes next week to help fund drugmaker Syneos Health's SYNH.O $7.1 billion buyout by Elliott Investment Management, Patient Square Capital and Veritas Capital.
Banks led by JPMorgan JPM.N and Goldman Sachs this week began pre-marketing $9.4 billion in debt backing merchant servicer Worldpay's VANTV.UL July takeover by buyout firm GTCR, according to people familiar with the matter.
JPMorgan-led banks have also begun pre-marketing talks on $1.75 billion in debt that helped fund drugmaker Bausch+Lomb's purchase of eyecare assets from Novartis NOVN.S, according to two of the people familiar with the matter.
JPMorgan and Goldman Sachs declined to provide comment.
"We'd expect about half of the total supply to finance M&A and half for refinancing purposes," said Scott Macklin, director of leveraged loans at asset manager AllianceBernstein AB.N.
Investors are also expecting more secured tranches rather than those that were not secured by any collateral.
"Traditionally within the high yield bond market, the issuance has skewed sort of one-third secured versus two-thirds unsecured," said Brian Gelfand, co-head of global credit at asset manager TCW. "In late 2022 and so far this year, it’s really skewed the other way."
(Reporting by Matt Tracy; Editing by Shankar Ramakrishnan and Nick Macfie)
((Matt.Tracy@thomsonreuters.com; +1 571 643 3562))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | "Investor demand should be strong for most new high-yield debt because they are paying high coupons in an environment where default rates have been arguably much lower than expected," said Manuel Hayes, senior portfolio manager at asset manager Insight Investment. "We'd expect about half of the total supply to finance M&A and half for refinancing purposes," said Scott Macklin, director of leveraged loans at asset manager AllianceBernstein AB.N. Banks led by JPMorgan JPM.N and Goldman Sachs this week began pre-marketing $9.4 billion in debt backing merchant servicer Worldpay's VANTV.UL July takeover by buyout firm GTCR, according to people familiar with the matter. | "Investor demand should be strong for most new high-yield debt because they are paying high coupons in an environment where default rates have been arguably much lower than expected," said Manuel Hayes, senior portfolio manager at asset manager Insight Investment. "We'd expect about half of the total supply to finance M&A and half for refinancing purposes," said Scott Macklin, director of leveraged loans at asset manager AllianceBernstein AB.N. Leveraged Loan 100 Index .SPDBLL and ICE BofA High Yield Index .MERH0A0, at 8.98% and 6.68%, have outpaced the 1.75% year-to-date returns on the ICE BofA U.S. Corporate Index .MERC0A0, which tracks high-grade corporate bonds. | "Investor demand should be strong for most new high-yield debt because they are paying high coupons in an environment where default rates have been arguably much lower than expected," said Manuel Hayes, senior portfolio manager at asset manager Insight Investment. "We'd expect about half of the total supply to finance M&A and half for refinancing purposes," said Scott Macklin, director of leveraged loans at asset manager AllianceBernstein AB.N. U.S. junk debt issuance in September could total $20 billion or more, compared to a total $17 billion in the previous two months, according to several high yield investors and Informa Global Markets data. | "Investor demand should be strong for most new high-yield debt because they are paying high coupons in an environment where default rates have been arguably much lower than expected," said Manuel Hayes, senior portfolio manager at asset manager Insight Investment. "We'd expect about half of the total supply to finance M&A and half for refinancing purposes," said Scott Macklin, director of leveraged loans at asset manager AllianceBernstein AB.N. U.S. junk debt issuance in September could total $20 billion or more, compared to a total $17 billion in the previous two months, according to several high yield investors and Informa Global Markets data. |
21415.0 | 2023-09-05 00:00:00 UTC | High-grade companies rush to tap US debt markets post-Labor Day | AB | https://www.nasdaq.com/articles/high-grade-companies-rush-to-tap-us-debt-markets-post-labor-day | nan | nan | By Matt Tracy
Sept 5 (Reuters) - Top-rated companies were tapping the U.S. debt markets on Tuesday, in a widely anticipated post-Labor Day rush for financing after August's end-of-summer lull.
At least 21 investment-grade rated companies have already announced plans to sell bonds on Tuesday morning, according to Informa Global Markets.
Among Tuesday's deals are a two-part senior unsecured note offering from Unilever Capital Corp ULVR.L, three-part senior notes from tobacco company Philip Morris International PM.N and a five-part note offering from automaker Volkswagen VOWG_p.DE.
September is typically the second-busiest month for U.S. debt issuance, according to credit research analysts at JPMorgan Chase JPM.N, with an average issuance volume of $129 billion over the past four years outside 2020.
The post-Labor Day week has typically accounted for half of September's IG supply, according to JPMorgan.
"The busiest day of the year is the day after Labor Day," said Hans Mikkelsen, managing director of credit strategy at TD Securities. The rush of supply would be easily absorbed, he added.
"Given higher IG yields, you have a lot of buying interest from institutional investors," he said.
(Reporting by Matt Tracy; editing by Shankar Ramakrishnan and Nick Zieminski)
((Matt.Tracy@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Matt Tracy Sept 5 (Reuters) - Top-rated companies were tapping the U.S. debt markets on Tuesday, in a widely anticipated post-Labor Day rush for financing after August's end-of-summer lull. The post-Labor Day week has typically accounted for half of September's IG supply, according to JPMorgan. "The busiest day of the year is the day after Labor Day," said Hans Mikkelsen, managing director of credit strategy at TD Securities. | By Matt Tracy Sept 5 (Reuters) - Top-rated companies were tapping the U.S. debt markets on Tuesday, in a widely anticipated post-Labor Day rush for financing after August's end-of-summer lull. The post-Labor Day week has typically accounted for half of September's IG supply, according to JPMorgan. "The busiest day of the year is the day after Labor Day," said Hans Mikkelsen, managing director of credit strategy at TD Securities. | By Matt Tracy Sept 5 (Reuters) - Top-rated companies were tapping the U.S. debt markets on Tuesday, in a widely anticipated post-Labor Day rush for financing after August's end-of-summer lull. "The busiest day of the year is the day after Labor Day," said Hans Mikkelsen, managing director of credit strategy at TD Securities. The post-Labor Day week has typically accounted for half of September's IG supply, according to JPMorgan. | By Matt Tracy Sept 5 (Reuters) - Top-rated companies were tapping the U.S. debt markets on Tuesday, in a widely anticipated post-Labor Day rush for financing after August's end-of-summer lull. The post-Labor Day week has typically accounted for half of September's IG supply, according to JPMorgan. "The busiest day of the year is the day after Labor Day," said Hans Mikkelsen, managing director of credit strategy at TD Securities. |
21416.0 | 2023-09-05 00:00:00 UTC | B of A Securities Upgrades AllianceBernstein Holding Lp - Unit (AB) | AB | https://www.nasdaq.com/articles/b-of-a-securities-upgrades-alliancebernstein-holding-lp-unit-ab | nan | nan | Fintel reports that on September 5, 2023, B of A Securities upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy .
Analyst Price Forecast Suggests 18.88% Upside
As of August 31, 2023, the average one-year price target for AllianceBernstein Holding Lp - Unit is 37.10. The forecasts range from a low of 32.32 to a high of $43.58. The average price target represents an increase of 18.88% from its latest reported closing price of 31.21.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AllianceBernstein Holding Lp - Unit is 3,467MM. The projected annual non-GAAP EPS is 2.71.
What is the Fund Sentiment?
There are 260 funds or institutions reporting positions in AllianceBernstein Holding Lp - Unit. This is a decrease of 27 owner(s) or 9.41% in the last quarter. Average portfolio weight of all funds dedicated to AB is 0.14%, an increase of 0.98%. Total shares owned by institutions increased in the last three months by 6.33% to 17,563K shares.
The put/call ratio of AB is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
American Century Companies holds 1,874K shares representing 1.65% ownership of the company. In it's prior filing, the firm reported owning 1,816K shares, representing an increase of 3.08%. The firm decreased its portfolio allocation in AB by 11.67% over the last quarter.
TWEIX - Equity Income Fund Investor Class holds 1,539K shares representing 1.35% ownership of the company. In it's prior filing, the firm reported owning 1,491K shares, representing an increase of 3.09%. The firm decreased its portfolio allocation in AB by 5.85% over the last quarter.
Jpmorgan Chase holds 1,509K shares representing 1.33% ownership of the company. In it's prior filing, the firm reported owning 1,340K shares, representing an increase of 11.18%. The firm increased its portfolio allocation in AB by 603.56% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.09% ownership of the company. No change in the last quarter.
UBS Group holds 733K shares representing 0.65% ownership of the company. In it's prior filing, the firm reported owning 727K shares, representing an increase of 0.84%. The firm increased its portfolio allocation in AB by 3.24% over the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
Additional reading:
Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com
Part I, Items 1 through 4 of the AllianceBernstein L.P. Quarterly Report on Form 10-Q for the quarter ended
Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on September 5, 2023, B of A Securities upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . Average portfolio weight of all funds dedicated to AB is 0.14%, an increase of 0.98%. The put/call ratio of AB is 0.58, indicating a bullish outlook. | Additional reading: Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com Part I, Items 1 through 4 of the AllianceBernstein L.P. Quarterly Report on Form 10-Q for the quarter ended Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Fintel reports that on September 5, 2023, B of A Securities upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . Average portfolio weight of all funds dedicated to AB is 0.14%, an increase of 0.98%. | Additional reading: Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com Part I, Items 1 through 4 of the AllianceBernstein L.P. Quarterly Report on Form 10-Q for the quarter ended Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Fintel reports that on September 5, 2023, B of A Securities upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . Average portfolio weight of all funds dedicated to AB is 0.14%, an increase of 0.98%. | The firm increased its portfolio allocation in AB by 603.56% over the last quarter. The firm increased its portfolio allocation in AB by 3.24% over the last quarter. Fintel reports that on September 5, 2023, B of A Securities upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy . |
21417.0 | 2023-09-01 00:00:00 UTC | Implied Volatility Surging for AllianceBernstein (AB) Stock Options | AB | https://www.nasdaq.com/articles/implied-volatility-surging-for-alliancebernstein-ab-stock-options-0 | nan | nan | Investors in AllianceBernstein Holding L.P. AB need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 17, 2023 $22.50 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for AllianceBernstein shares, but what is the fundamental picture for the company? Currently, AllianceBernstein is a Zacks Rank #4 (Sell) in the Financial - Investment Management industry that ranks in the Bottom 33% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 67 cents per share to 66 cents in that period.
Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in AllianceBernstein Holding L.P. AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors in AllianceBernstein Holding L.P. AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. | Investors in AllianceBernstein Holding L.P. AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Investors in AllianceBernstein Holding L.P. AB need to pay close attention to the stock based on moves in the options market lately. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. |
21418.0 | 2023-08-26 00:00:00 UTC | Profit Potential: 5 Undervalued Stocks With High Dividend Yields | AB | https://www.nasdaq.com/articles/profit-potential%3A-5-undervalued-stocks-with-high-dividend-yields | nan | nan | While fast-moving growth stocks are in a slump, investors can still generate a return with dividend stocks.
In some cases, it’s even possible to offset losses elsewhere with dividends: A perfect example is the Utilities Select Sector SPDR Fund (NYSEARCA: XLU), whose price actually declined in 2022, but a healthy dividend yield meant the ETF returned 1.42% last year. Utilities was the only sector other than energy to post a gain in 2022.
These days, with growth having been the rip-roaring asset class in the first half of the year, plenty of high-quality stocks are trading at discounts relative to their value, and many of these offer high dividend yields.
It’s still likely that 2023 will finish with a positive return, given historical data, but returns will likely be more subdued than in the first half of the year. That’s a good reason to include dividend payers in your portfolio.
Here’s a look at five undervalued stocks with healthy yields.
Energy Transfer LP (NYSE: ET)
Yield: 9.55%
Annual dividend per share: $1.24
Energy Transfer, an energy transportation specialist, operates an extensive pipeline network for natural gas and crude oil. It also has storage facilities and renewable energy projects.
The company recently said it would buy rival Crestwood Equity Partners for $7.1 billion. Mergers in the fuel infrastructure business are becoming common as it’s increasingly difficult to construct new projects.
The company participated in the broad energy rally last year, despite earnings declining. Analysts see a further drop of 8% this year, before growth resumes in 2023.
As a group, midstream companies are out of favor, with investors potentially concerned about demand for fossil fuels over the longer term, and what that might mean for the industry. For the moment, analysts are still predicting that growth will pick up again, with analysts seeing another boom in the next few years, before a downward trend begins in earnest.
U.S. Bancorp (NYSE: USB)
Yield: 5.32%
Annual dividend per share: $1.92
Earlier in August, bond rater Fitch said it was mulling a downgrade of the U.S. banking sector, sending the entire industry lower. U.S. Bank, which is categorized as a super-regional bank, is down 6.72% in the past month, but is finding support near its 50-day moving average. That’s a good sign, indicating that investors are not giving up on the stock, but just reducing their stake. In addition, the stock is trading near $36, holding well above its May low of $27.27.
It’s not just U.S. Bank: As a whole, the banking sector has retreated since the news about a possible downgrade. The SPDR S&P Bank ETF (NYSEARCA: KBE) also appears to have found a floor as investors may be scooping up shares at bargain prices, indicating that they’re not terribly concerned about the possibility of a downgrade.
A downgrade would increase U.S. Bank’s cost of capital in the bond market, but for investors with a longer-term horizon, the yield is worth considering.
Crown Castle (NYSE: CCI)
Yield: 6.31%
Annual dividend per share: $6.26
Crown Castle is a real estate investment trust that owns cell towers. The stock’s price began declining in early 2022, and it’s continued to slide. Some analysts say this is a right-sizing of the stock’s valuation, given that cell tower REITs were overvalued for many years.
Indeed, the three-year revenue growth rate is only 9%.
Analysts expect the company to remain profitable, as it has for years, growing earnings by 3% this year, before net income declines by 2% in 2024.
There’s an easy explanation for why Crown Castle’s dividend is so high: Because it’s structured as a REIT, Crown Castle is required by the Internal Revenue Service to distribute at least 90% of taxable income to shareholders in the form of dividends.
This requirement is intended to provide investors with regular income from the real estate properties held within the trust. It also allows REITs to avoid taxation at the corporate level as long as they meet this distribution requirement.
Kraft Heinz Co. (NYSE: KHC)
Yield: 4.79%
Annual dividend per share: $1.60
Stocks of companies in the packaged food industry, as a whole have been in decline since May. Kraft Heinz shares have struggled for even longer, posting a year-to-date drop of 16.24% and a one-year drop of 9.14%.
However, this is a defensive stock. You could even make the argument that Mac and Cheese is among the ultimate recession-proof products.
Wall Street sees the company’s earnings growing by 4% this year and another 3% next year, indicating that the selloff may be a bit overdone, at this point.
The company lost market share in a few categories last year, some of that due to supply constraints, but is working on a plan to regain lost ground.
MarketBeat’s Kraft Heinz analyst ratings show a consensus of “hold” with a price target of $42.54, an upside of 27.48%.
AllianceBernstein Holding LP (NYSE: AB)
Yield: 7.99%
Annual dividend per share: $2.44
At first glance, not many people get excited about an asset manager’s stock. But that dividend yield is sure to get investors’ attention.
AllianceBernstein’s revenue fell in 2022, which is no surprise, as the market was dropping and the company billed on a smaller total of assets under management. Earnings declined for that reason.
Analysts expect the company to grow earnings only slightly this year, and the company has said its expenses are higher, partially offsetting improvements in the market. Next year, its earnings are expected to grow by 15%.
If analysts are right about the stock’s prospects, now is the time to nab some shares while they may be undervalued. MarketBeat’s AllianceBernstein analyst ratings show a view of “hold,” but the current price target is $42.50, a potential upside of 39.30%.
Right now, the AllianceBernstein chart shows a stock that’s been beaten down, but investors could be rewarded for both buying before the upturn, and for waiting out the earnings improvement.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The SPDR S&P Bank ETF (NYSEARCA: KBE) also appears to have found a floor as investors may be scooping up shares at bargain prices, indicating that they’re not terribly concerned about the possibility of a downgrade. It also has storage facilities and renewable energy projects. As a group, midstream companies are out of favor, with investors potentially concerned about demand for fossil fuels over the longer term, and what that might mean for the industry. | It also has storage facilities and renewable energy projects. As a group, midstream companies are out of favor, with investors potentially concerned about demand for fossil fuels over the longer term, and what that might mean for the industry. In addition, the stock is trading near $36, holding well above its May low of $27.27. | Analysts expect the company to remain profitable, as it has for years, growing earnings by 3% this year, before net income declines by 2% in 2024. It also has storage facilities and renewable energy projects. As a group, midstream companies are out of favor, with investors potentially concerned about demand for fossil fuels over the longer term, and what that might mean for the industry. | It also has storage facilities and renewable energy projects. As a group, midstream companies are out of favor, with investors potentially concerned about demand for fossil fuels over the longer term, and what that might mean for the industry. In addition, the stock is trading near $36, holding well above its May low of $27.27. |
21419.0 | 2023-08-11 00:00:00 UTC | AllianceBernstein's (AB) July AUM Rises on Market Appreciation | AB | https://www.nasdaq.com/articles/alliancebernsteins-ab-july-aum-rises-on-market-appreciation | nan | nan | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for July 2023. The company’s preliminary month-end AUM of $704 billion reflects a 1.7% rise from the end of June 2023.
The increase was driven by market appreciation, offset by firm-wide net outflows.
At the end of July, AllianceBernstein’s Equity AUM increased 2.7% on a sequential basis to $305 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) increased 3.1% to $131 billion. Fixed Income AUM of $268 billion was unchanged from the end of June 2023.
In terms of channel, July month-end institutions AUM of $314 billion increased 1.6% from the previous month. Retail AUM was $272 billion, which increased 1.9% from the prior month’s end. Private Wealth AUM of $118 billion rose 1.7% from the June 2023 level.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth. However, rising operating costs and a challenging operating backdrop are near-term concerns.
Over the past six months, shares of the company have lost 27.2% compared with the industry’s decline of 3.5%.
Image Source: Zacks Investment Research
Currently, AllianceBernstein carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Asset Managers
Cohen & Steers CNS reported preliminary AUM of $82.3 billion as of Jul 31, 2023, which reflected an increase of 2.4% from the prior-month level. Market appreciation of $1.86 billion and net inflows of $231 million supported the rise. However, it was partially offset by distributions of $162 million.
CNS recorded total institutional accounts of $34.43 billion at the end of July 2023, rising 3.5% from the June-end level. Of the total institutional accounts, advisory accounts were $19.53 billion, while the rest were sub-advisory.
Franklin Resources, Inc. BEN reported preliminary AUM of $1.45 trillion for July 2023. This reflects a 1.4% increase from the $1,43 trillion recorded as of Jun 30, 2023.
The rise in BEN’s AUM balance was primarily due to the impacts of favorable markets, partially offset by long-term net outflows.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The rise in BEN’s AUM balance was primarily due to the impacts of favorable markets, partially offset by long-term net outflows. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for July 2023. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for July 2023. The rise in BEN’s AUM balance was primarily due to the impacts of favorable markets, partially offset by long-term net outflows. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for July 2023. The rise in BEN’s AUM balance was primarily due to the impacts of favorable markets, partially offset by long-term net outflows. | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for July 2023. The rise in BEN’s AUM balance was primarily due to the impacts of favorable markets, partially offset by long-term net outflows. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. |
21420.0 | 2023-08-04 00:00:00 UTC | AllianceBernstein Holding Lp - Unit (AB) Declares $0.61 Dividend | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-unit-ab-declares-%240.61-dividend | nan | nan | AllianceBernstein Holding Lp - Unit said on July 27, 2023 that its board of directors declared a regular quarterly dividend of $0.61 per share ($2.44 annualized). Previously, the company paid $0.66 per share.
Shareholders of record as of August 7, 2023 will receive the payment on August 17, 2023.
At the current share price of $32.45 / share, the stock's dividend yield is 7.52%.
Looking back five years and taking a sample every week, the average dividend yield has been 8.48%, the lowest has been 5.15%, and the highest has been 16.53%. The standard deviation of yields is 1.64 (n=236).
The current dividend yield is 0.59 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 1.35. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.17%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 283 funds or institutions reporting positions in AllianceBernstein Holding Lp - Unit. This is a decrease of 2 owner(s) or 0.70% in the last quarter. Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 20.30%. Total shares owned by institutions increased in the last three months by 6.18% to 16,601K shares.
The put/call ratio of AB is 0.65, indicating a bullish outlook.
Analyst Price Forecast Suggests 13.94% Upside
As of August 2, 2023, the average one-year price target for AllianceBernstein Holding Lp - Unit is 36.98. The forecasts range from a low of 32.32 to a high of $43.05. The average price target represents an increase of 13.94% from its latest reported closing price of 32.45.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AllianceBernstein Holding Lp - Unit is 3,467MM. The projected annual non-GAAP EPS is 2.71.
What are Other Shareholders Doing?
American Century Companies holds 1,816K shares representing 1.60% ownership of the company. In it's prior filing, the firm reported owning 1,250K shares, representing an increase of 31.17%. The firm increased its portfolio allocation in AB by 46.55% over the last quarter.
TWEIX - Equity Income Fund Investor Class holds 1,491K shares representing 1.31% ownership of the company. In it's prior filing, the firm reported owning 999K shares, representing an increase of 33.01%. The firm increased its portfolio allocation in AB by 63.02% over the last quarter.
Jpmorgan Chase holds 1,340K shares representing 1.18% ownership of the company. In it's prior filing, the firm reported owning 1,965K shares, representing a decrease of 46.62%. The firm decreased its portfolio allocation in AB by 32.96% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.09% ownership of the company. No change in the last quarter.
Bank Of America holds 927K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 402K shares, representing an increase of 56.66%. The firm decreased its portfolio allocation in AB by 43.55% over the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
Additional reading:
Part I, Items 1 through 4 of the AllianceBernstein L.P. Quarterly Report on Form 10-Q for the quarter ended
Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com
Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com
Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com
Mark Griffin, Investors 629.213.5672 mark.griffin@alliancebernstein.com Carly Symington, Media 629.213.5568 carly.symington@alliancebernstein.com
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 20.30%. The put/call ratio of AB is 0.65, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 46.55% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 20.30%. The put/call ratio of AB is 0.65, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 46.55% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 20.30%. The put/call ratio of AB is 0.65, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 46.55% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 20.30%. The put/call ratio of AB is 0.65, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 46.55% over the last quarter. |
21421.0 | 2023-08-02 00:00:00 UTC | Ex-Dividend Reminder: Pacific Premier Bancorp, AllianceBernstein Holding LP and Intel Corp | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-pacific-premier-bancorp-alliancebernstein-holding-lp-and-intel-corp | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 8/4/23, Pacific Premier Bancorp Inc (Symbol: PPBI), AllianceBernstein Holding LP (Symbol: AB), and Intel Corp (Symbol: INTC) will all trade ex-dividend for their respective upcoming dividends. Pacific Premier Bancorp Inc will pay its quarterly dividend of $0.33 on 8/14/23, AllianceBernstein Holding LP will pay its quarterly dividend of $0.61 on 8/17/23, and Intel Corp will pay its quarterly dividend of $0.125 on 9/1/23. As a percentage of PPBI's recent stock price of $24.77, this dividend works out to approximately 1.33%, so look for shares of Pacific Premier Bancorp Inc to trade 1.33% lower — all else being equal — when PPBI shares open for trading on 8/4/23. Similarly, investors should look for AB to open 1.88% lower in price and for INTC to open 0.36% lower, all else being equal.
Below are dividend history charts for PPBI, AB, and INTC, showing historical dividends prior to the most recent ones declared.
Pacific Premier Bancorp Inc (Symbol: PPBI):
AllianceBernstein Holding LP (Symbol: AB):
Intel Corp (Symbol: INTC):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.33% for Pacific Premier Bancorp Inc, 7.51% for AllianceBernstein Holding LP, and 1.43% for Intel Corp.
In Wednesday trading, Pacific Premier Bancorp Inc shares are currently off about 2.1%, AllianceBernstein Holding LP shares are down about 1.8%, and Intel Corp shares are down about 2.4% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. Looking at the universe of stocks we cover at Dividend Channel, on 8/4/23, Pacific Premier Bancorp Inc (Symbol: PPBI), AllianceBernstein Holding LP (Symbol: AB), and Intel Corp (Symbol: INTC) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AB to open 1.88% lower in price and for INTC to open 0.36% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 8/4/23, Pacific Premier Bancorp Inc (Symbol: PPBI), AllianceBernstein Holding LP (Symbol: AB), and Intel Corp (Symbol: INTC) will all trade ex-dividend for their respective upcoming dividends. Pacific Premier Bancorp Inc (Symbol: PPBI): AllianceBernstein Holding LP (Symbol: AB): Intel Corp (Symbol: INTC): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AB to open 1.88% lower in price and for INTC to open 0.36% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 8/4/23, Pacific Premier Bancorp Inc (Symbol: PPBI), AllianceBernstein Holding LP (Symbol: AB), and Intel Corp (Symbol: INTC) will all trade ex-dividend for their respective upcoming dividends. Pacific Premier Bancorp Inc (Symbol: PPBI): AllianceBernstein Holding LP (Symbol: AB): Intel Corp (Symbol: INTC): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AB to open 1.88% lower in price and for INTC to open 0.36% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 8/4/23, Pacific Premier Bancorp Inc (Symbol: PPBI), AllianceBernstein Holding LP (Symbol: AB), and Intel Corp (Symbol: INTC) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AB to open 1.88% lower in price and for INTC to open 0.36% lower, all else being equal. Below are dividend history charts for PPBI, AB, and INTC, showing historical dividends prior to the most recent ones declared. |
21422.0 | 2023-08-01 00:00:00 UTC | Pre-Market Earnings Report for August 2, 2023 : CVS, TRI, HUM, RACE, EMR, PSX, JCI, TT, KHC, EXC, YUM, ABC | AB | https://www.nasdaq.com/articles/pre-market-earnings-report-for-august-2-2023-%3A-cvs-tri-hum-race-emr-psx-jci-tt-khc-exc-yum | nan | nan | The following companies are expected to report earnings prior to market open on 08/02/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
CVS Health Corporation (CVS)is reporting for the quarter ending June 30, 2023. The drug store company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.12. This value represents a 11.67% decrease compared to the same quarter last year. In the past year CVS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.28%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CVS is 8.68 vs. an industry ratio of 5.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Thomson Reuters Corp (TRI)is reporting for the quarter ending June 30, 2023. The technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.77. This value represents a 24.19% increase compared to the same quarter last year. In the past year TRI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.94%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TRI is 40.01 vs. an industry ratio of -3.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Humana Inc. (HUM)is reporting for the quarter ending June 30, 2023. The hmo company's consensus earnings per share forecast from the 9 analysts that follow the stock is $8.88. This value represents a 2.42% increase compared to the same quarter last year. In the past year HUM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 1.41%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for HUM is 16.15 vs. an industry ratio of 17.40.
Ferrari N.V. (RACE)is reporting for the quarter ending June 30, 2023. The auto (truck) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.77. This value represents a 22.07% increase compared to the same quarter last year. In the past year RACE has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 10.83%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RACE is 48.25 vs. an industry ratio of 11.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Emerson Electric Company (EMR)is reporting for the quarter ending June 30, 2023. The machinery company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.09. This value represents a 21.01% decrease compared to the same quarter last year. EMR missed the consensus earnings per share in the 4th calendar quarter of 2022 by -11.36%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for EMR is 21.75 vs. an industry ratio of 20.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Phillips 66 (PSX)is reporting for the quarter ending June 30, 2023. The oil refining company's consensus earnings per share forecast from the 7 analysts that follow the stock is $3.54. This value represents a 47.71% decrease compared to the same quarter last year. PSX missed the consensus earnings per share in the 4th calendar quarter of 2022 by -7.83%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for PSX is 8.13 vs. an industry ratio of 14.60.
Johnson Controls International plc (JCI)is reporting for the quarter ending June 30, 2023. The protection safety company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.03. This value represents a 21.18% increase compared to the same quarter last year. In the past year JCI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for JCI is 19.48 vs. an industry ratio of 18.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Trane Technologies plc (TT)is reporting for the quarter ending June 30, 2023. The technology services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $2.55. This value represents a 18.06% increase compared to the same quarter last year. In the past year TT has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.02%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TT is 23.60 vs. an industry ratio of -3.90, implying that they will have a higher earnings growth than their competitors in the same industry.
The Kraft Heinz Company (KHC)is reporting for the quarter ending June 30, 2023. The food company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.74. This value represents a 5.71% increase compared to the same quarter last year. In the past year KHC has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 13.33%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for KHC is 12.61 vs. an industry ratio of 17.80.
Exelon Corporation (EXC)is reporting for the quarter ending June 30, 2023. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 9.09% decrease compared to the same quarter last year. EXC missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -4.35%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for EXC is 17.81 vs. an industry ratio of 11.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Yum! Brands, Inc. (YUM)is reporting for the quarter ending June 30, 2023. The restaurant company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.23. This value represents a 17.14% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for YUM is 27.15 vs. an industry ratio of 33.00.
AmerisourceBergen Corporation (Holding Co) (ABC)is reporting for the quarter ending June 30, 2023. The medical/dental supplies company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.83. This value represents a 8.02% increase compared to the same quarter last year. In the past year ABC has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.38%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABC is 15.72 vs. an industry ratio of 29.00.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AmerisourceBergen Corporation (Holding Co) (ABC)is reporting for the quarter ending June 30, 2023. In the past year ABC has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABC is 15.72 vs. an industry ratio of 29.00. | AmerisourceBergen Corporation (Holding Co) (ABC)is reporting for the quarter ending June 30, 2023. In the past year ABC has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABC is 15.72 vs. an industry ratio of 29.00. | AmerisourceBergen Corporation (Holding Co) (ABC)is reporting for the quarter ending June 30, 2023. In the past year ABC has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABC is 15.72 vs. an industry ratio of 29.00. | AmerisourceBergen Corporation (Holding Co) (ABC)is reporting for the quarter ending June 30, 2023. In the past year ABC has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABC is 15.72 vs. an industry ratio of 29.00. |
21423.0 | 2023-07-28 00:00:00 UTC | AllianceBernstein Holding L.P. Q2 23 Earnings Conference Call At 10:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q2-23-earnings-conference-call-at-10%3A00-am-et | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on July 28, 2023, to discuss Q2 23 earnings results.
To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations
To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on July 28, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on July 28, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on July 28, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on July 28, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (888) 440-3310 (US) or +1 (646) 960-0513 (International) with conference ID# 6072615. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
21424.0 | 2023-07-27 00:00:00 UTC | AllianceBernstein Holding L.P. Q2 Profit Decreases, misses estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q2-profit-decreases-misses-estimates | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for second quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $60.56 million, or $0.53 per share. This compares with $68.14 million, or $0.69 per share, in last year's second quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $68.68 million or $0.61 per share for the period.
Analysts on average had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.1% to $1.01 billion from $0.97 billion last year.
AllianceBernstein Holding L.P. earnings at a glance (GAAP) :
-Earnings (Q2): $60.56 Mln. vs. $68.14 Mln. last year. -EPS (Q2): $0.53 vs. $0.69 last year. -Analyst Estimates: $0.65 -Revenue (Q2): $1.01 Bln vs. $0.97 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for second quarter that decreased from last year and missed the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $68.68 million or $0.61 per share for the period. Analysts on average had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for second quarter that decreased from last year and missed the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $68.68 million or $0.61 per share for the period. AllianceBernstein Holding L.P. earnings at a glance (GAAP) : -Earnings (Q2): $60.56 Mln. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for second quarter that decreased from last year and missed the Street estimates. This compares with $68.14 million, or $0.69 per share, in last year's second quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $68.68 million or $0.61 per share for the period. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for second quarter that decreased from last year and missed the Street estimates. This compares with $68.14 million, or $0.69 per share, in last year's second quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $68.68 million or $0.61 per share for the period. |
21425.0 | 2023-07-15 00:00:00 UTC | AB Quantitative Stock Analysis | AB | https://www.nasdaq.com/articles/ab-quantitative-stock-analysis | nan | nan | Below is Validea's guru fundamental report for ALLIANCEBERNSTEIN HOLDING LP (AB). Of the 22 guru strategies we follow, AB rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating using this strategy is 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: FAIL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
AB Guru Analysis
AB Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Additional Research Links Top Financial Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 Cheapest Value Stocks2023 Factor-Based Stock Portfolios Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Below is Validea's guru fundamental report for ALLIANCEBERNSTEIN HOLDING LP (AB). Of the 22 guru strategies we follow, AB rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. | Of the 22 guru strategies we follow, AB rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP AB Guru Analysis AB Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for ALLIANCEBERNSTEIN HOLDING LP (AB). | Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP AB Guru Analysis AB Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Additional Research Links Top Financial Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 Cheapest Value Stocks2023 Factor-Based Stock Portfolios Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Below is Validea's guru fundamental report for ALLIANCEBERNSTEIN HOLDING LP (AB). | Below is Validea's guru fundamental report for ALLIANCEBERNSTEIN HOLDING LP (AB). Of the 22 guru strategies we follow, AB rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP AB Guru Analysis AB Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. |
21426.0 | 2023-07-13 00:00:00 UTC | Thursday Sector Leaders: Asset Management, Vehicle Manufacturers | AB | https://www.nasdaq.com/articles/thursday-sector-leaders%3A-asset-management-vehicle-manufacturers | nan | nan | In trading on Thursday, asset management shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of Alti Global, up about 10.2% and shares of Alliancebernstein Holding up about 4.7% on the day.
Also showing relative strength are vehicle manufacturers shares, up on the day by about 2% as a group, led by Nikola, trading up by about 37.7% and Proterra, trading up by about 8.1% on Thursday.
VIDEO: Thursday Sector Leaders: Asset Management, Vehicle Manufacturers
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, asset management shares were relative leaders, up on the day by about 2.5%. Also showing relative strength are vehicle manufacturers shares, up on the day by about 2% as a group, led by Nikola, trading up by about 37.7% and Proterra, trading up by about 8.1% on Thursday. Leading the group were shares of Alti Global, up about 10.2% and shares of Alliancebernstein Holding up about 4.7% on the day. | In trading on Thursday, asset management shares were relative leaders, up on the day by about 2.5%. Also showing relative strength are vehicle manufacturers shares, up on the day by about 2% as a group, led by Nikola, trading up by about 37.7% and Proterra, trading up by about 8.1% on Thursday. Leading the group were shares of Alti Global, up about 10.2% and shares of Alliancebernstein Holding up about 4.7% on the day. | In trading on Thursday, asset management shares were relative leaders, up on the day by about 2.5%. Also showing relative strength are vehicle manufacturers shares, up on the day by about 2% as a group, led by Nikola, trading up by about 37.7% and Proterra, trading up by about 8.1% on Thursday. Leading the group were shares of Alti Global, up about 10.2% and shares of Alliancebernstein Holding up about 4.7% on the day. | In trading on Thursday, asset management shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of Alti Global, up about 10.2% and shares of Alliancebernstein Holding up about 4.7% on the day. Also showing relative strength are vehicle manufacturers shares, up on the day by about 2% as a group, led by Nikola, trading up by about 37.7% and Proterra, trading up by about 8.1% on Thursday. |
21427.0 | 2023-07-13 00:00:00 UTC | Financial Sector Update for 07/13/2023: PGR, AB, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-07-13-2023%3A-pgr-ab-xlf-fas-faz | nan | nan | Financial stocks were steady pre-bell Thursday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.1%.
The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged.
Progressive (PGR) was slipping past 5% after reporting Q2 net premiums written of $14.72 billion, compared with $12.42 billion a year ago and the $15.02 billion estimate from analysts polled by Capital IQ.
AllianceBernstein (AB) said preliminary assets under management jumped to $691 billion during June from $670 billion at the end of May. AllianceBernstein was down more than 1% in recent premarket activity following an over 2% gain at Wednesday's close.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein (AB) said preliminary assets under management jumped to $691 billion during June from $670 billion at the end of May. Financial stocks were steady pre-bell Thursday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.1%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged. | AllianceBernstein (AB) said preliminary assets under management jumped to $691 billion during June from $670 billion at the end of May. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged. Progressive (PGR) was slipping past 5% after reporting Q2 net premiums written of $14.72 billion, compared with $12.42 billion a year ago and the $15.02 billion estimate from analysts polled by Capital IQ. | AllianceBernstein (AB) said preliminary assets under management jumped to $691 billion during June from $670 billion at the end of May. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged. Progressive (PGR) was slipping past 5% after reporting Q2 net premiums written of $14.72 billion, compared with $12.42 billion a year ago and the $15.02 billion estimate from analysts polled by Capital IQ. | AllianceBernstein (AB) said preliminary assets under management jumped to $691 billion during June from $670 billion at the end of May. Financial stocks were steady pre-bell Thursday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.1%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged. |
21428.0 | 2023-06-14 00:00:00 UTC | AllianceBernstein's (AB) May AUM Down on Market Depreciation | AB | https://www.nasdaq.com/articles/alliancebernsteins-ab-may-aum-down-on-market-depreciation | nan | nan | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for May 2023. The company’s preliminary month-end AUM of $670 billion reflects a marginal decline from the end of April 2023.
Modest firm-wide net inflows were offset by market depreciation.
At the end of May, AllianceBernstein’s Equity AUM decreased 1% on a sequential basis to $284 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) declined 1.6% to $124 billion. Further, Fixed Income AUM of $262 billion declined marginally from the end of April 2023.
In terms of channel, May month-end institutions AUM of $300 billion decreased 1.3% from the previous month. Retail AUM was $258 billion, which declined marginally from the prior month’s end. Private Wealth AUM of $112 billion declined almost 1% from the April 2023-level.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth. However, rising operating costs and a challenging operating backdrop are near-term concerns.
Over the past six months, shares of the company have lost 10.6% against the industry’s rise of 1.6%.
Image Source: Zacks Investment Research
Currently, AllianceBernstein carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Asset Managers
Cohen & Steers CNS reported preliminary AUM of $77.9 billion as of May 31, 2023, which reflects a decrease of 3.8% from the prior-month level.
CNS reported a market appreciation of $2.4 billion. However, net outflows of $461 million and distributions of $181 million led to the decline of AUM.
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1,404.2 billion for May 2023. This reflected a 1.2% decrease from $1,420.7 billion recorded as of Apr 30, 2023.
The decline in BEN’s AUM was primarily due to the impact of weaker markets and slight long-term net outflows.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for May 2023. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. Performance of Asset Managers Cohen & Steers CNS reported preliminary AUM of $77.9 billion as of May 31, 2023, which reflects a decrease of 3.8% from the prior-month level. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for May 2023. Performance of Asset Managers Cohen & Steers CNS reported preliminary AUM of $77.9 billion as of May 31, 2023, which reflects a decrease of 3.8% from the prior-month level. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for May 2023. The company’s preliminary month-end AUM of $670 billion reflects a marginal decline from the end of April 2023. | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for May 2023. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here. The company’s preliminary month-end AUM of $670 billion reflects a marginal decline from the end of April 2023. |
21429.0 | 2023-06-12 00:00:00 UTC | AllianceBernstein (AB) Stock in Focus on 7.7% Dividend Yield | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-stock-in-focus-on-7.7-dividend-yield | nan | nan | In this current backdrop, when the financial sector is facing turmoil due to the regional banking crisis and expectations of economic slowdown/recession in the near term, investors should watch solid dividend-yielding stocks. Today, we are discussing one such stock – AllianceBernstein Holding L.P. AB.
This Nashville, TN-based asset manager offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients globally. AB has been increasing its quarterly dividend on a regular basis. Over the past five years, the company increased the dividend 10 times, with an annualized dividend growth rate of 7.2%.
Considering the last day’s closing price of $34.35, AllianceBernstein’s dividend yield currently stands at 7.7%. This is impressive compared with the industry average of 2.53% and attractive for income investors as it represents a steady income stream.
AllianceBernstein Holding L.P. Dividend Yield (TTM)
AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote
Should you keep an eye on AllianceBernstein stock to earn a high dividend yield? Let’s check out the company fundamentals to understand risk and rewards. This will help us make a proper investment decision.
AllianceBernstein has been witnessing steady growth in net revenues. While the same declined in 2022, it recorded a three-year (2019-2022) CAGR of 5.4%. The increase was primarily driven by solid assets under management (AUM) balance (witnessed a CAGR of 1.2% over the same time frame) and a decent operating backdrop. Revenues are expected to grow 5% and 7% in 2023 and 2024, respectively.
AB is making efforts to diversify revenues. In November 2022, the company and Societe Generale SCGLY announced the formation of a joint venture (JV) by combining their respective cash equities and equity research businesses.
SCGLY intends for a 51% stake in the JV, with an option to reach 100% ownership after five years. Since AB will own less than 50% of the JV, it anticipates de-consolidating Bernstein Research from its financial statements following the deal's completion (expected before 2023-end). This is likely to have a modest positive impact on the company’s operating margin. But the transaction is not expected to have an impact on AllianceBernstein’s asset management business or Bernstein Private Wealth Management’s business.
The JV will likely provide premier investment insights into the American, European and Asia Pacific equity markets in addition to unparalleled liquidity access and leading global trading technology. Headquartered in London, it would be run as a long-term partnership under the Bernstein name.
Additionally, AllianceBernstein has a solid balance sheet position. As of Mar 31, 2023, the company’s debt was $1.04 billion, while cash and cash equivalents were $886 million. Given the earnings strength and robust liquidity position, the company will be able to meet its debt obligations even if the economic situation worsens.
Despite the near-term headwinds, AB will likely be able to record inflows across its distribution channels. This will keep supporting its financials.
Over the past six months, shares of AllianceBernstein have lost 13% compared with the industry’s fall of 2.5%.
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So, income investors must watch this Zacks Rank #3 (Hold) stock, as this will help generate robust returns over time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Finance Stocks With Solid Dividends
A couple of other finance stocks, like Ares Capital Corporation ARCC and Invesco Ltd. IVZ, are worth a look as these have robust dividend yields.
Considering the last day’s closing price, Ares Capital’s dividend yield currently stands at 10%. Over the past six months, the shares of ARCC have lost almost 1%.
Based on the last day’s closing price, Invesco’s dividend yield currently stands at 5%. Over the past six months, the shares of IVZ have lost 17.7%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Today, we are discussing one such stock – AllianceBernstein Holding L.P. AB. AB has been increasing its quarterly dividend on a regular basis. AB is making efforts to diversify revenues. | Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ares Capital Corporation (ARCC) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Societe Generale Group (SCGLY) : Free Stock Analysis Report To read this article on Zacks.com click here. Today, we are discussing one such stock – AllianceBernstein Holding L.P. AB. AB has been increasing its quarterly dividend on a regular basis. | Click to get this free report Invesco Ltd. (IVZ) : Free Stock Analysis Report Ares Capital Corporation (ARCC) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Societe Generale Group (SCGLY) : Free Stock Analysis Report To read this article on Zacks.com click here. Today, we are discussing one such stock – AllianceBernstein Holding L.P. AB. AB has been increasing its quarterly dividend on a regular basis. | Today, we are discussing one such stock – AllianceBernstein Holding L.P. AB. AB has been increasing its quarterly dividend on a regular basis. AB is making efforts to diversify revenues. |
21430.0 | 2023-05-25 00:00:00 UTC | Are Options Traders Betting on a Big Move in AllianceBernstein (AB) Stock? | AB | https://www.nasdaq.com/articles/are-options-traders-betting-on-a-big-move-in-alliancebernstein-ab-stock | nan | nan | Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 17, 2023 $22.50 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for AllianceBernstein shares, but what is the fundamental picture for the company? Currently, AllianceBernstein is a Zacks Rank #3 (Hold) in the Financial - Investment Management industry that ranks in the Top 45% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimate for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 64 cents per share to 68 cents in that period.
Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. | Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. |
21431.0 | 2023-05-25 00:00:00 UTC | Equitable Holdings' (EQH) Board Okays New 10% Dividend Hike | AB | https://www.nasdaq.com/articles/equitable-holdings-eqh-board-okays-new-10-dividend-hike | nan | nan | Equitable Holdings, Inc.’s EQH board of directors approved an increase in quarterly dividends, in line with its plan disclosed earlier. The company will pay out 22 cents per share, reflecting a hike of 10% from the previous dividend.
The new dividend will be paid out on Jun 12, 2023, to stockholders of record as of Jun 5. Based on the increased rate, the annual dividend comes to 88 cents per share. The dividend yield, based on the new payout and its May 24 closing price is 3.6%, higher than the industry average of 2.5%.
EQH also declared a $328.13 per share quarterly dividend on Series A 5.25% Non-Cumulative Perpetual Preferred Stock, a $618.75 semi-annual dividend on Series B 4.95% Non-Cumulative Perpetual Preferred Stock and a $268.75 quarterly dividend on Series C 4.30% Non-Cumulative Perpetual Preferred Stock.
Regarding its financial position, Equitable Holdings exited the first quarter with total investments, and cash and cash equivalents of $101.2 billion, while long-term debt was only $3,819 million. Moreover, EQH has a robust cash-generating ability. By 2027, it expects to generate around $2 billion in cash annually. In 2023 alone, it expects to generate $1.3 billion in cash. This will aid EQH’s capital-deployment initiatives.
Its strong cash generation ability will likely support a 60-70% payout ratio target. In the first quarter of 2023, EQH paid out $72 million of cash dividends and repurchased $214 million worth of shares.
Investors interested in this stock can take a look at its growth opportunities. The company’s Equitable business is likely to continue gaining on retirement products as the older population is expected to significantly increase in the future. Also, acquisitions and partnerships form one of the main growth strategies of EQH. In July 2022, it acquired the alternative investment management firm CarVal Investors L.P. through its subsidiary AllianceBernsteinHolding L.P. AB.
The Zacks Consensus Estimate for its 2023 bottom line is pegged at $5.17 per share, suggesting a 1.8% year-over-year increase. The same for 2024 implies a 23.4% jump from the year-ago level. In the last four quarters, EQH’s earnings beat estimates once, met once and missed on the other two occasions.
Equitable Holdings, Inc. Price and EPS Surprise
Equitable Holdings, Inc. price-eps-surprise | Equitable Holdings, Inc. Quote
Zacks Rank & Key Picks
Equitable Holdings currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Lemonade, Inc. LMND and Argo Blockchain plc ARBK, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Lemonade’s 2023 earnings suggests 15.9% year-over-year growth. Also, the consensus mark for LMND’s 2023 revenues implies a 53.6% year-over-year rise.
The Zacks Consensus Estimate for Argo Blockchain’s 2023 bottom line has improved 47.9% over the past month. During this time, ARBK witnessed two upward estimate revisions against none in the opposite direction.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Equitable Holdings, Inc.’s EQH board of directors approved an increase in quarterly dividends, in line with its plan disclosed earlier. The company’s Equitable business is likely to continue gaining on retirement products as the older population is expected to significantly increase in the future. Regarding its financial position, Equitable Holdings exited the first quarter with total investments, and cash and cash equivalents of $101.2 billion, while long-term debt was only $3,819 million. | Equitable Holdings, Inc. Price and EPS Surprise Equitable Holdings, Inc. price-eps-surprise | Equitable Holdings, Inc. Quote Zacks Rank & Key Picks Equitable Holdings currently has a Zacks Rank #3 (Hold). Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Equitable Holdings, Inc. (EQH) : Free Stock Analysis Report Lemonade, Inc. (LMND) : Free Stock Analysis Report Argo Blockchain PLC Sponsored ADR (ARBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Equitable Holdings, Inc.’s EQH board of directors approved an increase in quarterly dividends, in line with its plan disclosed earlier. | Equitable Holdings, Inc. Price and EPS Surprise Equitable Holdings, Inc. price-eps-surprise | Equitable Holdings, Inc. Quote Zacks Rank & Key Picks Equitable Holdings currently has a Zacks Rank #3 (Hold). Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Equitable Holdings, Inc. (EQH) : Free Stock Analysis Report Lemonade, Inc. (LMND) : Free Stock Analysis Report Argo Blockchain PLC Sponsored ADR (ARBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Equitable Holdings, Inc.’s EQH board of directors approved an increase in quarterly dividends, in line with its plan disclosed earlier. | Equitable Holdings, Inc.’s EQH board of directors approved an increase in quarterly dividends, in line with its plan disclosed earlier. Regarding its financial position, Equitable Holdings exited the first quarter with total investments, and cash and cash equivalents of $101.2 billion, while long-term debt was only $3,819 million. Moreover, EQH has a robust cash-generating ability. |
21432.0 | 2023-05-23 00:00:00 UTC | NEWSMAKER-Krupa, hard-driving veteran entrusted with reviving Societe Generale | AB | https://www.nasdaq.com/articles/newsmaker-krupa-hard-driving-veteran-entrusted-with-reviving-societe-generale | nan | nan | By Mathieu Rosemain
PARIS, May 23 (Reuters) - Slawomir Krupa has one clear mission when he takes over at Societe Generale SOGN.PA on Tuesday: remake France's third-largest lender as a top-tier bank with a distinct identity.
The 48-year-old, who has spent his whole career at SocGen, must perform a tricky balancing act, improving returns for shareholders without taking undue risk against a shaky backdrop for bank stocks.
"It's very important to clarify (things), where necessary, to all stakeholders and say: That's what Societe Generale is," Krupa, who most recently headed SocGen's investment bank, told Reuters in an interview. He is due to lay out his plans for the bank by the autumn.
After a tumultuous 15 years under his predecessor, Frederic Oudea, who merged units, sold businesses - including a costly Russia exit - and cut risk-taking, the bank's stock price is trading at just 30% of the book value of its business.
As a yardstick of investor support, that puts it on a par with Deutsche Bank but far behind its bigger French rival BNP Paribas and at the bottom end of European lenders.
Societe Generale's vulnerability was made clear earlier this year when its stock was among the hardest hit as investors sought safety following the collapses of Silicon Valley Bank and Credit Suisse. Those who appointed Krupa hope he can lead the bank out of this danger zone.
A person familiar with the decision by SocGen's board to appoint him as CEO said the top priority is to improve efficiency within the bank's current structure, as Krupa did after taking over the investment bank in early 2021.
This could include seeking to squeeze more out of other parts of the business to reduce what is seen as too high an exposure to riskier investment banking.
In his previous role Krupa cut costs and addressed trading risks, said that person, who is familiar with the SocGen's board thinking, paving the way for a turnaround of the division.
Two years on, SocGen's investment bank recorded the largest annual growth in pre-tax profit among the three French listed banks, cementing it as the group's main profit driver.
BREAK WITH TRADITION
Krupa's reputation as a problem-solver helped make his case for the top job when he appeared before SocGen's independent directors in September, people familiar with the process said.
Despite his 26 years at the bank, he was also viewed as something of an outsider, because unlike SocGen CEOs stretching back a century he has not previously been in the senior ranks of France's public administration.
The board favoured a break with tradition, said one of the people. Born in Communist Bulgaria in 1974, Krupa's family emigrated from Poland to France when he was six.
His hard-driving style is also seen as a contrast to Oudea's.
"Slawomir has ... a way of moving forward, of taking people with him. Frederic (Oudea) is more collegial," said Jean-Pierre Mustier, the former UniCredit CEO and former head of SocGen's investment bank who made Krupa his chief of staff in 2007.
A self-described straight-talker, Krupa can be impatient and demanding, a former top executive at SocGen said.
Others say that bluntness is a strength. One of SocGen's top corporate clients, who has met Krupa on several occasions, told Reuters he was not part of a French establishment where nobody wants to say no.
Krupa faces challenges from the outset. Some investment bankers suggest that ultimately the group could be combined with a European rival.
One, asking not to be named, said such a move would benefit SocGen because it was a "mid-size player" dwarfed by U.S. rivals and domestic giant BNP Paribas.
That view is echoed by Jean Dermine, a professor at business school INSEAD. "How to improve profitability without mergers? I don't see how it is possible at all," he said.
For now, Krupa is focused on operational questions, such as finalising a joint venture with investment management company AllianceBernstein AB.N for global cash equities and equity research. That may offer a platform to grow in the United States.
But Krupa said a big merger is not on the cards in the near term.
"Strategically, does Europe need stronger banks? The answer is yes, but I don't think that's really on the agenda at this stage," he told Reuters.
(Reporting by Mathieu Rosemain; Editing by Elisa Martinuzzi and Catherine Evans)
((Mathieu.Rosemain@thomsonreuters.com; +33 1 8098 1239; Reuters Messaging: mathieu.rosemain.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/MathieuRosemain))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Societe Generale's vulnerability was made clear earlier this year when its stock was among the hardest hit as investors sought safety following the collapses of Silicon Valley Bank and Credit Suisse. One of SocGen's top corporate clients, who has met Krupa on several occasions, told Reuters he was not part of a French establishment where nobody wants to say no. "How to improve profitability without mergers? | Societe Generale's vulnerability was made clear earlier this year when its stock was among the hardest hit as investors sought safety following the collapses of Silicon Valley Bank and Credit Suisse. One of SocGen's top corporate clients, who has met Krupa on several occasions, told Reuters he was not part of a French establishment where nobody wants to say no. "How to improve profitability without mergers? | Societe Generale's vulnerability was made clear earlier this year when its stock was among the hardest hit as investors sought safety following the collapses of Silicon Valley Bank and Credit Suisse. One of SocGen's top corporate clients, who has met Krupa on several occasions, told Reuters he was not part of a French establishment where nobody wants to say no. "How to improve profitability without mergers? | "How to improve profitability without mergers? Societe Generale's vulnerability was made clear earlier this year when its stock was among the hardest hit as investors sought safety following the collapses of Silicon Valley Bank and Credit Suisse. One of SocGen's top corporate clients, who has met Krupa on several occasions, told Reuters he was not part of a French establishment where nobody wants to say no. |
21433.0 | 2023-05-12 00:00:00 UTC | Pre-Market Most Active for May 12, 2023 : TSLA, SPRY, SQQQ, PACW, TQQQ, YPF, TSLL, IONQ, AB, VIST, PLTR, XPEV | AB | https://www.nasdaq.com/articles/pre-market-most-active-for-may-12-2023-%3A-tsla-spry-sqqq-pacw-tqqq-ypf-tsll-ionq-ab-vist | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 22.7 to 13,412.48. The total Pre-Market volume is currently 21,924,563 shares traded.
The following are the most active stocks for the pre-market session:
Tesla, Inc. (TSLA) is +3.42 at $175.50, with 2,843,602 shares traded. TSLA's current last sale is 87.75% of the target price of $200.
ARS Pharmaceuticals, Inc. (SPRY) is +3.74 at $8.26, with 2,333,698 shares traded. As reported in the last short interest update the days to cover for SPRY is 10.605393; this calculation is based on the average trading volume of the stock.
ProShares UltraPro Short QQQ (SQQQ) is -0.07 at $27.97, with 1,667,282 shares traded. This represents a .32% increase from its 52 Week Low.
PacWest Bancorp (PACW) is +0.02 at $4.71, with 1,530,901 shares traded. PACW's current last sale is 33.64% of the target price of $14.
ProShares UltraPro QQQ (TQQQ) is +0.09 at $29.12, with 1,525,419 shares traded. This represents a 80.87% increase from its 52 Week Low.
YPF Sociedad Anonima (YPF) is unchanged at $11.75, with 1,500,049 shares traded. YPF's current last sale is 180.77% of the target price of $6.5.
Direxion Daily TSLA Bull 1.5X Shares (TSLL) is +0.2699 at $9.77, with 793,933 shares traded. This represents a 110.56% increase from its 52 Week Low.
IonQ, Inc. (IONQ) is -0.69 at $6.33, with 583,359 shares traded. IONQ's current last sale is 70.33% of the target price of $9.
AllianceBernstein Holding L.P. (AB) is unchanged at $34.78, with 402,408 shares traded. AB's current last sale is 89.18% of the target price of $39.
Vista Energy S.A.B. de C.V. (VIST) is unchanged at $21.16, with 370,274 shares traded. As reported by Zacks, the current mean recommendation for VIST is in the "strong buy range".
Palantir Technologies Inc. (PLTR) is +0.05 at $9.93, with 362,111 shares traded. PLTR's current last sale is 124.13% of the target price of $8.
XPeng Inc. (XPEV) is -0.6 at $10.15, with 303,092 shares traded. XPEV's current last sale is 82.86% of the target price of $12.25.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. (AB) is unchanged at $34.78, with 402,408 shares traded. AB's current last sale is 89.18% of the target price of $39. As reported in the last short interest update the days to cover for SPRY is 10.605393; this calculation is based on the average trading volume of the stock. | AllianceBernstein Holding L.P. (AB) is unchanged at $34.78, with 402,408 shares traded. AB's current last sale is 89.18% of the target price of $39. The total Pre-Market volume is currently 21,924,563 shares traded. | AllianceBernstein Holding L.P. (AB) is unchanged at $34.78, with 402,408 shares traded. AB's current last sale is 89.18% of the target price of $39. The total Pre-Market volume is currently 21,924,563 shares traded. | AllianceBernstein Holding L.P. (AB) is unchanged at $34.78, with 402,408 shares traded. AB's current last sale is 89.18% of the target price of $39. TSLA's current last sale is 87.75% of the target price of $200. |
21434.0 | 2023-05-12 00:00:00 UTC | Credit Suisse Maintains AllianceBernstein Holding Lp - Unit (AB) Outperform Recommendation | AB | https://www.nasdaq.com/articles/credit-suisse-maintains-alliancebernstein-holding-lp-unit-ab-outperform-recommendation-0 | nan | nan | Fintel reports that on May 11, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation.
Analyst Price Forecast Suggests 17.60% Upside
As of May 11, 2023, the average one-year price target for AllianceBernstein Holding Lp - Unit is 40.90. The forecasts range from a low of 35.35 to a high of $46.72. The average price target represents an increase of 17.60% from its latest reported closing price of 34.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AllianceBernstein Holding Lp - Unit is 3,467MM. The projected annual non-GAAP EPS is 2.71.
What is the Fund Sentiment?
There are 285 funds or institutions reporting positions in AllianceBernstein Holding Lp - Unit. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to AB is 0.18%, an increase of 1.83%. Total shares owned by institutions increased in the last three months by 20.02% to 15,748K shares.
The put/call ratio of AB is 0.82, indicating a bullish outlook.
What are Other Shareholders Doing?
American Century Companies holds 1,816K shares representing 1.60% ownership of the company. In it's prior filing, the firm reported owning 1,250K shares, representing an increase of 31.17%. The firm increased its portfolio allocation in AB by 46.55% over the last quarter.
Jpmorgan Chase holds 1,340K shares representing 1.18% ownership of the company. In it's prior filing, the firm reported owning 1,965K shares, representing a decrease of 46.62%. The firm decreased its portfolio allocation in AB by 91.83% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.09% ownership of the company. No change in the last quarter.
TWEIX - Equity Income Fund Investor Class holds 999K shares representing 0.88% ownership of the company. In it's prior filing, the firm reported owning 379K shares, representing an increase of 62.06%. The firm increased its portfolio allocation in AB by 280.72% over the last quarter.
UBS Group holds 821K shares representing 0.72% ownership of the company. In it's prior filing, the firm reported owning 494K shares, representing an increase of 39.82%. The firm increased its portfolio allocation in AB by 38.74% over the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
See all AllianceBernstein Holding Lp - Unit regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on May 11, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.18%, an increase of 1.83%. The put/call ratio of AB is 0.82, indicating a bullish outlook. | Fintel reports that on May 11, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.18%, an increase of 1.83%. The put/call ratio of AB is 0.82, indicating a bullish outlook. | Fintel reports that on May 11, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.18%, an increase of 1.83%. The put/call ratio of AB is 0.82, indicating a bullish outlook. | Fintel reports that on May 11, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.18%, an increase of 1.83%. The put/call ratio of AB is 0.82, indicating a bullish outlook. |
21435.0 | 2023-05-07 00:00:00 UTC | Energy Transfer's Recent $1.45 Billion Deal Won't Be its Last | AB | https://www.nasdaq.com/articles/energy-transfers-recent-%241.45-billion-deal-wont-be-its-last | nan | nan | Energy Transfer (NYSE: ET) is an active acquirer. It recently bought Lotus Midstream for $1.45 billion. That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream).
The company plans to continue consolidating the midstream sector. That was evident in the comments by its management team on its recent first-quarter conference call.
Focused on enhancing its footprint
AllianceBernstein analyst Jean Ann Salisbury asked Energy Transfer's management team on the first-quarter call about their thoughts on M&A. She said:
Energy Transfer has not been shy about your belief that the sector needs more integration. Can you speak to how you evaluate these opportunities? Looking at Lotus and Enable, is it fair to say that upstream flow into your is kind of a major filter of what you would be looking for?
Salisbury pointed out that two of Energy Transfer's recent acquisitions were of companies focused on gathering oil and gas from upstream production basins. They provided an upstream flow of hydrocarbons into Energy Transfer's extensive midstream footprint.
CFO Tom Long answered by stating:
We do evaluate a lot of the various opportunities that are good bolt-ons if you will to our system. But even if you look at some of the last ones, as you know, the Enable, the Lotus, the Woodford Express. When you really look at these, they all just further enhance our top asset base of the midstream space. And it's something we're going to continue to pursue on those opportunities that make sense.
As Long points out, more than anything else, Energy Transfer is looking for opportunities to enhance its already industry-leading midstream footprint. It's not specifically looking to bolster the upstream flow of hydrocarbons into its midstream network. While it's open to those types of bolt-on deals, it takes a more holistic approach to find opportunities that enhance its overall footprint.
The financials must pencil out
Long then highlighted the other important factor the company considers when making an acquisition, stating:
Here's the next piece that we always evaluate very carefully, and that is that it's accretive. We always want to look at these things and make sure they're going to bring incremental value to our equity holders. And they have, they've all been very accretive to us. And we're always very conservative in how we run our numbers.
Long then pointed out that every deal it has done has exceeded the company's initial forecast. They've also helped improve the company's distribution coverage while also helping lower its leverage ratio.
The Lotus Midstream deal modeled this approach. Energy Transfer paid $900 million in cash and issued the seller 44.5 million of its common units. That financial framework enabled the company to structure the deal so that it would be leverage neutral. The acquisition will also be accretive to its distributable and free cash flow. That will enhance its distribution coverage ratio, allowing the company to continue increasing its already sizable payout.
Lotus is also a great strategic fit. It enhances Energy Transfer's crude oil pipeline footprint in the Permian Basin and increases its storage capacity in the region. In addition, it also provides a great integration opportunity. Energy Transfer is building a new 30-mile pipeline to enhance connectivity in the Permian Basin and provide a direct link to its storage terminals in Midland and Cushing.
Long said the company plans to continue following this model as it pursues future acquisition opportunities. They need to enhance its midstream footprint and be accretive to its financial results.
M&A will help fuel additional growth
Energy Transfer has built an industry-leading midstream business through organic expansions and acquisitions. The company expects to continue consolidating the midstream sector to enhance its leading position. Those accretive deals should grow value for its investors over the long term by giving it the fuel to continue increasing its lucrative distribution.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Focused on enhancing its footprint AllianceBernstein analyst Jean Ann Salisbury asked Energy Transfer's management team on the first-quarter call about their thoughts on M&A. That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream). She said: Energy Transfer has not been shy about your belief that the sector needs more integration. | Focused on enhancing its footprint AllianceBernstein analyst Jean Ann Salisbury asked Energy Transfer's management team on the first-quarter call about their thoughts on M&A. That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream). She said: Energy Transfer has not been shy about your belief that the sector needs more integration. | That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream). Focused on enhancing its footprint AllianceBernstein analyst Jean Ann Salisbury asked Energy Transfer's management team on the first-quarter call about their thoughts on M&A. She said: Energy Transfer has not been shy about your belief that the sector needs more integration. | The acquisition will also be accretive to its distributable and free cash flow. That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream). Focused on enhancing its footprint AllianceBernstein analyst Jean Ann Salisbury asked Energy Transfer's management team on the first-quarter call about their thoughts on M&A. |
21436.0 | 2023-05-03 00:00:00 UTC | Ex-Dividend Reminder: Brown & Brown, Pacific Premier Bancorp and AllianceBernstein Holding | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-brown-brown-pacific-premier-bancorp-and-alliancebernstein-holding | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 5/5/23, Brown & Brown Inc (Symbol: BRO), Pacific Premier Bancorp Inc (Symbol: PPBI), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Brown & Brown Inc will pay its quarterly dividend of $0.115 on 5/17/23, Pacific Premier Bancorp Inc will pay its quarterly dividend of $0.33 on 5/15/23, and AllianceBernstein Holding LP will pay its quarterly dividend of $0.66 on 5/25/23. As a percentage of BRO's recent stock price of $65.08, this dividend works out to approximately 0.18%, so look for shares of Brown & Brown Inc to trade 0.18% lower — all else being equal — when BRO shares open for trading on 5/5/23. Similarly, investors should look for PPBI to open 1.70% lower in price and for AB to open 1.95% lower, all else being equal.
Below are dividend history charts for BRO, PPBI, and AB, showing historical dividends prior to the most recent ones declared.
Brown & Brown Inc (Symbol: BRO):
Pacific Premier Bancorp Inc (Symbol: PPBI):
AllianceBernstein Holding LP (Symbol: AB):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.71% for Brown & Brown Inc, 6.80% for Pacific Premier Bancorp Inc, and 7.79% for AllianceBernstein Holding LP.
In Wednesday trading, Brown & Brown Inc shares are currently up about 0.2%, Pacific Premier Bancorp Inc shares are off about 0.1%, and AllianceBernstein Holding LP shares are up about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. Looking at the universe of stocks we cover at Dividend Channel, on 5/5/23, Brown & Brown Inc (Symbol: BRO), Pacific Premier Bancorp Inc (Symbol: PPBI), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for PPBI to open 1.70% lower in price and for AB to open 1.95% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/5/23, Brown & Brown Inc (Symbol: BRO), Pacific Premier Bancorp Inc (Symbol: PPBI), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Brown & Brown Inc (Symbol: BRO): Pacific Premier Bancorp Inc (Symbol: PPBI): AllianceBernstein Holding LP (Symbol: AB): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for PPBI to open 1.70% lower in price and for AB to open 1.95% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/5/23, Brown & Brown Inc (Symbol: BRO), Pacific Premier Bancorp Inc (Symbol: PPBI), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Brown & Brown Inc (Symbol: BRO): Pacific Premier Bancorp Inc (Symbol: PPBI): AllianceBernstein Holding LP (Symbol: AB): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for PPBI to open 1.70% lower in price and for AB to open 1.95% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/5/23, Brown & Brown Inc (Symbol: BRO), Pacific Premier Bancorp Inc (Symbol: PPBI), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for PPBI to open 1.70% lower in price and for AB to open 1.95% lower, all else being equal. Below are dividend history charts for BRO, PPBI, and AB, showing historical dividends prior to the most recent ones declared. |
21437.0 | 2023-04-29 00:00:00 UTC | Credit Suisse Maintains AllianceBernstein Holding Lp - Unit (AB) Outperform Recommendation | AB | https://www.nasdaq.com/articles/credit-suisse-maintains-alliancebernstein-holding-lp-unit-ab-outperform-recommendation | nan | nan | Fintel reports that on April 28, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation.
Analyst Price Forecast Suggests 14.37% Upside
As of April 24, 2023, the average one-year price target for AllianceBernstein Holding Lp - Unit is 39.98. The forecasts range from a low of 35.35 to a high of $46.20. The average price target represents an increase of 14.37% from its latest reported closing price of 34.96.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AllianceBernstein Holding Lp - Unit is 3,467MM. The projected annual non-GAAP EPS is 2.71.
What is the Fund Sentiment?
There are 291 funds or institutions reporting positions in AllianceBernstein Holding Lp - Unit. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to AB is 0.17%, a decrease of 2.11%. Total shares owned by institutions increased in the last three months by 25.40% to 15,883K shares.
The put/call ratio of AB is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 1,965K shares representing 1.73% ownership of the company. In it's prior filing, the firm reported owning 621K shares, representing an increase of 68.42%. The firm increased its portfolio allocation in AB by 185.00% over the last quarter.
American Century Companies holds 1,250K shares representing 1.10% ownership of the company. In it's prior filing, the firm reported owning 61K shares, representing an increase of 95.15%. The firm increased its portfolio allocation in AB by 1,777.66% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.09% ownership of the company. No change in the last quarter.
TWEIX - Equity Income Fund Investor Class holds 999K shares representing 0.88% ownership of the company. In it's prior filing, the firm reported owning 379K shares, representing an increase of 62.06%. The firm increased its portfolio allocation in AB by 280.72% over the last quarter.
UBS Group holds 821K shares representing 0.72% ownership of the company. In it's prior filing, the firm reported owning 494K shares, representing an increase of 39.82%. The firm increased its portfolio allocation in AB by 38.74% over the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
See all AllianceBernstein Holding Lp - Unit regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on April 28, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.17%, a decrease of 2.11%. The put/call ratio of AB is 0.88, indicating a bullish outlook. | Fintel reports that on April 28, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.17%, a decrease of 2.11%. The put/call ratio of AB is 0.88, indicating a bullish outlook. | Fintel reports that on April 28, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.17%, a decrease of 2.11%. The put/call ratio of AB is 0.88, indicating a bullish outlook. | Fintel reports that on April 28, 2023, Credit Suisse maintained coverage of AllianceBernstein Holding Lp - Unit (NYSE:AB) with a Outperform recommendation. Average portfolio weight of all funds dedicated to AB is 0.17%, a decrease of 2.11%. The put/call ratio of AB is 0.88, indicating a bullish outlook. |
21438.0 | 2023-04-28 00:00:00 UTC | AllianceBernstein Holding Lp - Unit (AB) Declares $0.66 Dividend | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-unit-ab-declares-%240.66-dividend | nan | nan | AllianceBernstein Holding Lp - Unit said on April 26, 2023 that its board of directors declared a regular quarterly dividend of $0.66 per share ($2.64 annualized). Previously, the company paid $0.70 per share.
Shares must be purchased before the ex-div date of May 5, 2023 to qualify for the dividend. Shareholders of record as of May 8, 2023 will receive the payment on May 25, 2023.
At the current share price of $34.91 / share, the stock's dividend yield is 7.56%.
Looking back five years and taking a sample every week, the average dividend yield has been 8.46%, the lowest has been 5.15%, and the highest has been 16.53%. The standard deviation of yields is 1.63 (n=236).
The current dividend yield is 0.55 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 1.31. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.17%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 291 funds or institutions reporting positions in AllianceBernstein Holding Lp - Unit. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to AB is 0.17%, an increase of 19.25%. Total shares owned by institutions increased in the last three months by 24.95% to 15,894K shares.
The put/call ratio of AB is 0.89, indicating a bullish outlook.
Analyst Price Forecast Suggests 14.53% Upside
As of April 24, 2023, the average one-year price target for AllianceBernstein Holding Lp - Unit is 39.98. The forecasts range from a low of 35.35 to a high of $46.20. The average price target represents an increase of 14.53% from its latest reported closing price of 34.91.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AllianceBernstein Holding Lp - Unit is 3,467MM. The projected annual non-GAAP EPS is 2.71.
What are Other Shareholders Doing?
Jpmorgan Chase holds 1,965K shares representing 1.73% ownership of the company. In it's prior filing, the firm reported owning 621K shares, representing an increase of 68.42%. The firm increased its portfolio allocation in AB by 185.00% over the last quarter.
American Century Companies holds 1,250K shares representing 1.10% ownership of the company. In it's prior filing, the firm reported owning 61K shares, representing an increase of 95.15%. The firm increased its portfolio allocation in AB by 1,777.66% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.09% ownership of the company. No change in the last quarter.
TWEIX - Equity Income Fund Investor Class holds 999K shares representing 0.88% ownership of the company. In it's prior filing, the firm reported owning 379K shares, representing an increase of 62.06%. The firm increased its portfolio allocation in AB by 280.72% over the last quarter.
UBS Group holds 821K shares representing 0.72% ownership of the company. In it's prior filing, the firm reported owning 494K shares, representing an increase of 39.82%. The firm increased its portfolio allocation in AB by 38.74% over the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Average portfolio weight of all funds dedicated to AB is 0.17%, an increase of 19.25%. The put/call ratio of AB is 0.89, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 185.00% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.17%, an increase of 19.25%. The put/call ratio of AB is 0.89, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 185.00% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.17%, an increase of 19.25%. The put/call ratio of AB is 0.89, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 185.00% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.17%, an increase of 19.25%. The put/call ratio of AB is 0.89, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 185.00% over the last quarter. |
21439.0 | 2023-04-26 00:00:00 UTC | AllianceBernstein Holding L.P. Q1 Profit Decreases, but beats estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q1-profit-decreases-but-beats-estimates | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $194.2 million, or $0.59 per share. This compares with $260.7 million, or $0.87 per share, in last year's first quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $0.66 per share for the period.
Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.1% to $1.02 billion from $1.11 billion last year.
AllianceBernstein Holding L.P. earnings at a glance (GAAP) :
-Earnings (Q1): $194.2 Mln. vs. $260.7 Mln. last year. -EPS (Q1): $0.59 vs. $0.87 last year. -Analyst Estimates: $0.62 -Revenue (Q1): $1.02 Bln vs. $1.11 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for first quarter that decreased from last year but beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $0.66 per share for the period. Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for first quarter that decreased from last year but beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $0.66 per share for the period. -Analyst Estimates: $0.62 -Revenue (Q1): $1.02 Bln vs. $1.11 Bln last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for first quarter that decreased from last year but beat the Street estimates. This compares with $260.7 million, or $0.87 per share, in last year's first quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $0.66 per share for the period. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for first quarter that decreased from last year but beat the Street estimates. This compares with $260.7 million, or $0.87 per share, in last year's first quarter. last year. |
21440.0 | 2023-04-18 00:00:00 UTC | How to Boost Your Portfolio with Top Finance Stocks Set to Beat Earnings | AB | https://www.nasdaq.com/articles/how-to-boost-your-portfolio-with-top-finance-stocks-set-to-beat-earnings-13 | nan | nan | Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Postal Realty Trust?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Postal Realty Trust (PSTL) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $0.25 a share, just 14 days from its upcoming earnings release on May 2, 2023.
By taking the percentage difference between the $0.25 Most Accurate Estimate and the $0.24 Zacks Consensus Estimate, Postal Realty Trust has an Earnings ESP of +2.08%. Investors should also know that PSTL is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
PSTL is just one of a large group of Finance stocks with a positive ESP figure. AllianceBernstein (AB) is another qualifying stock you may want to consider.
Slated to report earnings on April 26, 2023, AllianceBernstein holds a #1 (Strong Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $0.88 a share eight days from its next quarterly update.
The Zacks Consensus Estimate for AllianceBernstein is $0.74, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +18.92%.
Because both stocks hold a positive Earnings ESP, PSTL and AB could potentially post earnings beats in their next reports.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. AllianceBernstein (AB) is another qualifying stock you may want to consider. | Click to get this free report Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. AllianceBernstein (AB) is another qualifying stock you may want to consider. | Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Click to get this free report Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. | Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Click to get this free report Postal Realty Trust, Inc. (PSTL) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. |
21441.0 | 2023-04-17 00:00:00 UTC | Are Finance Stocks Lagging AllianceBernstein (AB) This Year? | AB | https://www.nasdaq.com/articles/are-finance-stocks-lagging-alliancebernstein-ab-this-year-0 | nan | nan | The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AllianceBernstein (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
AllianceBernstein is one of 874 companies in the Finance group. The Finance group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AllianceBernstein is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 27.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AB has returned 6.1% so far this year. In comparison, Finance companies have returned an average of 0.7%. This shows that AllianceBernstein is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is Banco Do Brasil SA (BDORY). The stock has returned 32.8% year-to-date.
In Banco Do Brasil SA's case, the consensus EPS estimate for the current year increased 12.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, AllianceBernstein belongs to the Financial - Investment Management industry, a group that includes 43 individual companies and currently sits at #88 in the Zacks Industry Rank. On average, this group has gained an average of 2.7% so far this year, meaning that AB is performing better in terms of year-to-date returns.
On the other hand, Banco Do Brasil SA belongs to the Banks - Foreign industry. This 68-stock industry is currently ranked #70. The industry has moved +6.7% year to date.
Going forward, investors interested in Finance stocks should continue to pay close attention to AllianceBernstein and Banco Do Brasil SA as they could maintain their solid performance.
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Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 27.9% higher. Based on the most recent data, AB has returned 6.1% so far this year. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Banco Do Brasil SA (BDORY) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 27.9% higher. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Banco Do Brasil SA (BDORY) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 27.9% higher. | AllianceBernstein (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 27.9% higher. Based on the most recent data, AB has returned 6.1% so far this year. |
21442.0 | 2023-04-17 00:00:00 UTC | Best Income Stocks to Buy for April 17th | AB | https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-april-17th | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 17th:
AGNC Investment Corp. AGNC: This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days.
AGNC Investment Corp. Price and Consensus
AGNC Investment Corp. price-consensus-chart | AGNC Investment Corp. Quote
This Zacks Rank #1 company has a dividend yield of 14.5%, compared with the industry average of 13.4%.
AGNC Investment Corp. Dividend Yield (TTM)
AGNC Investment Corp. dividend-yield-ttm | AGNC Investment Corp. Quote
AB Electrolux (publ) ELUXY: This household appliances company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days.
Electrolux AB Price and Consensus
Electrolux AB price-consensus-chart | Electrolux AB Quote
This Zacks Rank #1 company has a dividend yield of 5.3%, compared with the industry average of 4.1%.
Electrolux AB Dividend Yield (TTM)
Electrolux AB dividend-yield-ttm | Electrolux AB Quote
AllianceBernstein Holding L.P. AB: This investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.4% over the last 60 days.
AllianceBernstein Holding L.P. Price and Consensus
AllianceBernstein Holding L.P. price-consensus-chart | AllianceBernstein Holding L.P. Quote
This Zacks Rank #1 company has a dividend yield of 7.7%, compared with the industry average of 2.8%.
AllianceBernstein Holding L.P. Dividend Yield (TTM)
AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote
See the full list of top ranked stocks here.
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Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Electrolux AB (ELUXY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AGNC Investment Corp. Dividend Yield (TTM) AGNC Investment Corp. dividend-yield-ttm | AGNC Investment Corp. Quote AB Electrolux (publ) ELUXY: This household appliances company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days. Electrolux AB Price and Consensus Electrolux AB price-consensus-chart | Electrolux AB Quote This Zacks Rank #1 company has a dividend yield of 5.3%, compared with the industry average of 4.1%. Electrolux AB Dividend Yield (TTM) Electrolux AB dividend-yield-ttm | Electrolux AB Quote AllianceBernstein Holding L.P. AB: This investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.4% over the last 60 days. | AGNC Investment Corp. Dividend Yield (TTM) AGNC Investment Corp. dividend-yield-ttm | AGNC Investment Corp. Quote AB Electrolux (publ) ELUXY: This household appliances company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days. Electrolux AB Dividend Yield (TTM) Electrolux AB dividend-yield-ttm | Electrolux AB Quote AllianceBernstein Holding L.P. AB: This investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.4% over the last 60 days. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Electrolux AB (ELUXY) : Free Stock Analysis Report To read this article on Zacks.com click here. | AGNC Investment Corp. Dividend Yield (TTM) AGNC Investment Corp. dividend-yield-ttm | AGNC Investment Corp. Quote AB Electrolux (publ) ELUXY: This household appliances company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days. Electrolux AB Dividend Yield (TTM) Electrolux AB dividend-yield-ttm | Electrolux AB Quote AllianceBernstein Holding L.P. AB: This investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.4% over the last 60 days. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Electrolux AB (ELUXY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Electrolux AB Dividend Yield (TTM) Electrolux AB dividend-yield-ttm | Electrolux AB Quote AllianceBernstein Holding L.P. AB: This investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.4% over the last 60 days. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Electrolux AB (ELUXY) : Free Stock Analysis Report To read this article on Zacks.com click here. AGNC Investment Corp. Dividend Yield (TTM) AGNC Investment Corp. dividend-yield-ttm | AGNC Investment Corp. Quote AB Electrolux (publ) ELUXY: This household appliances company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days. |
21443.0 | 2023-04-14 00:00:00 UTC | Evercore ISI Group Maintains Alliancebernstein Holding (AB) Outperform Recommendation | AB | https://www.nasdaq.com/articles/evercore-isi-group-maintains-alliancebernstein-holding-ab-outperform-recommendation | nan | nan | Fintel reports that on April 13, 2023, Evercore ISI Group maintained coverage of Alliancebernstein Holding (NYSE:AB) with a Outperform recommendation.
Analyst Price Forecast Suggests 18.51% Upside
As of April 6, 2023, the average one-year price target for Alliancebernstein Holding is $41.51. The forecasts range from a low of $37.37 to a high of $46.20. The average price target represents an increase of 18.51% from its latest reported closing price of $35.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alliancebernstein Holding is $3,467MM. The projected annual non-GAAP EPS is $2.71.
What are Other Shareholders Doing?
Moody National Bank Trust Division holds 13K shares representing 0.01% ownership of the company. No change in the last quarter.
Birinyi Associates holds 23K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 22K shares, representing an increase of 4.49%. The firm decreased its portfolio allocation in AB by 99.89% over the last quarter.
FWATX - Fidelity Advisor Multi-Asset Income Fund holds 83K shares representing 0.07% ownership of the company. In it's prior filing, the firm reported owning 54K shares, representing an increase of 34.88%. The firm increased its portfolio allocation in AB by 31.84% over the last quarter.
CoreCap Advisors holds 1K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Total Clarity Wealth Management holds 12K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 11K shares, representing an increase of 4.09%. The firm decreased its portfolio allocation in AB by 99.92% over the last quarter.
What is the Fund Sentiment?
There are 293 funds or institutions reporting positions in Alliancebernstein Holding. This is a decrease of 2 owner(s) or 0.68% in the last quarter. Average portfolio weight of all funds dedicated to AB is 0.17%, an increase of 22.56%. Total shares owned by institutions increased in the last three months by 23.91% to 15,868K shares.
The put/call ratio of AB is 1.22, indicating a bearish outlook.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
See all Alliancebernstein Holding regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on April 13, 2023, Evercore ISI Group maintained coverage of Alliancebernstein Holding (NYSE:AB) with a Outperform recommendation. The firm decreased its portfolio allocation in AB by 99.89% over the last quarter. The firm increased its portfolio allocation in AB by 31.84% over the last quarter. | Fintel reports that on April 13, 2023, Evercore ISI Group maintained coverage of Alliancebernstein Holding (NYSE:AB) with a Outperform recommendation. The firm decreased its portfolio allocation in AB by 99.89% over the last quarter. The firm increased its portfolio allocation in AB by 31.84% over the last quarter. | Fintel reports that on April 13, 2023, Evercore ISI Group maintained coverage of Alliancebernstein Holding (NYSE:AB) with a Outperform recommendation. The firm decreased its portfolio allocation in AB by 99.89% over the last quarter. The firm increased its portfolio allocation in AB by 31.84% over the last quarter. | The firm increased its portfolio allocation in AB by 31.84% over the last quarter. Fintel reports that on April 13, 2023, Evercore ISI Group maintained coverage of Alliancebernstein Holding (NYSE:AB) with a Outperform recommendation. The firm decreased its portfolio allocation in AB by 99.89% over the last quarter. |
21444.0 | 2023-04-13 00:00:00 UTC | Financial Sector Update for 04/13/2023: IVZ, RC, AB, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-04-13-2023%3A-ivz-rc-ab-xlf-fas-faz | nan | nan | Financial stocks were gaining premarket Thursday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was nearly 1.0% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down nearly 1.0%.
Invesco (IVZ) was climbing past 1% after saying its preliminary assets under management increased 1.7% to $1.483 trillion for the month of March from the prior month.
Ready Capital (RC) was advancing 0.2% after saying it exceeded $10 billion in bridge originations, consisting of more than 500 loans, from the launch of its bridge program in 2015 to Q1 this year.
AllianceBernstein L.P. and AllianceBernstein Holding LP (AB) said preliminary assets under management increased to $676 billion in March from $665 billion in February. AllianceBernstein Holding was declining 0.6% in recent premarket activity.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein L.P. and AllianceBernstein Holding LP (AB) said preliminary assets under management increased to $676 billion in March from $665 billion in February. The Direxion Daily Financial Bull 3X Shares (FAS) was nearly 1.0% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down nearly 1.0%. Ready Capital (RC) was advancing 0.2% after saying it exceeded $10 billion in bridge originations, consisting of more than 500 loans, from the launch of its bridge program in 2015 to Q1 this year. | AllianceBernstein L.P. and AllianceBernstein Holding LP (AB) said preliminary assets under management increased to $676 billion in March from $665 billion in February. The Direxion Daily Financial Bull 3X Shares (FAS) was nearly 1.0% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down nearly 1.0%. Invesco (IVZ) was climbing past 1% after saying its preliminary assets under management increased 1.7% to $1.483 trillion for the month of March from the prior month. | AllianceBernstein L.P. and AllianceBernstein Holding LP (AB) said preliminary assets under management increased to $676 billion in March from $665 billion in February. Financial stocks were gaining premarket Thursday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was nearly 1.0% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down nearly 1.0%. | AllianceBernstein L.P. and AllianceBernstein Holding LP (AB) said preliminary assets under management increased to $676 billion in March from $665 billion in February. Financial stocks were gaining premarket Thursday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.3%. Ready Capital (RC) was advancing 0.2% after saying it exceeded $10 billion in bridge originations, consisting of more than 500 loans, from the launch of its bridge program in 2015 to Q1 this year. |
21445.0 | 2023-03-16 00:00:00 UTC | 3 Highly Ranked Stocks with Dividend Yields Over 7% | AB | https://www.nasdaq.com/articles/3-highly-ranked-stocks-with-dividend-yields-over-7 | nan | nan | Investors are always on the lookout for quality stocks that also offer strong dividend yields. There are several to consider among the Zacks Rank #1 (Strong Buy) list.
Here are three high dividend-yielding stocks that investors may want to buy for 2023 and beyond.
Ageas (AGESY)
International insurance company Ageas is worthy of consideration with a 7.36% dividend yield that is well above its industry average of 2.15% and the S&P 500’s 1.63% average.
Even better, Ageas Insurance – Multi line Industry is currently in the top 23% of over 249 Zacks industries as the company stands to benefit from a strong business environment.
Image Source: Zacks Investment Research
Ageas concentration is mostly in Europe and Asia, with insurance services including life and non-life, disability, and medical to individuals and groups.
Earnings estimate revisions have increased over the last 30 days with Ageas stock trading attractively relative to its past at 7.9X forward earnings. This is well below its decade-long high of 57.4X and a slight discount to the median of 10.6X.
Image Source: Zacks Investment Research
Alliance Bernstein (AB)
Along with its enticing dividend, Alliance Bernstein stock is standing out as earnings estimates have gone up over the last month after the company beat its Q4 top and bottom line expectations in early February.
The Financial – Investment Management Industry is also in the top 23% of all Zacks industries and Alliance Bernstein should be a beneficiary from its diversified services primarily to pension funds, endowments, foreign financial institutions, and individual investors.
Image Source: Zacks Investment Research
Fiscal 2023 and FY24 earnings estimates have gone up 11% throughout the quarter. Alliance Bernstein’s 7.98% dividend yield blasts its industry average of 2.92% and the S&P 500 while also increasing 10 times in the last five years. Plus, its valuation at 12.5X forward earrings is still on par with the industry and well below the benchmarks 17.8X.
Image Source: Zacks Investment Research
Sunoco (SUN)
Rounding out the list is master limited partnership (MLP) Sunoco which distributes motor fuels to roughly 10,000 customers. Sunoco’s Oil and Gas – Refining and Marketing Industry is currently in the top 42%.
Many energy companies offer lucrative dividends but Sunoco’s 7.88% yield slightly tops its industry average of 7.38%. Even better, Sunoco’s fiscal 2023 earnings estimates have climbed 13% over the last 30 days with FY24 estimates soaring 43%.
Sunoco’s valuation is much more reasonable than its decade-long high at 9.6X forward earnings which is also a discount to the median of 13.3X and nicely beneath the industry average of 11.8X.
Image Source: Zacks Investment Research
Bottom Line
These high-yielding dividend stocks look even more attractive when considering their P/E valuations. The rising earnings estimate revisions are a great sign that these companies are benefiting from strong business environments which should lead to more upside in their stocks along with the passive income.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Image Source: Zacks Investment Research Ageas concentration is mostly in Europe and Asia, with insurance services including life and non-life, disability, and medical to individuals and groups. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Ageas (AGESY) International insurance company Ageas is worthy of consideration with a 7.36% dividend yield that is well above its industry average of 2.15% and the S&P 500’s 1.63% average. | Image Source: Zacks Investment Research Alliance Bernstein (AB) Along with its enticing dividend, Alliance Bernstein stock is standing out as earnings estimates have gone up over the last month after the company beat its Q4 top and bottom line expectations in early February. Click to get this free report Sunoco LP (SUN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Ageas SA (AGESY) : Free Stock Analysis Report To read this article on Zacks.com click here. Ageas (AGESY) International insurance company Ageas is worthy of consideration with a 7.36% dividend yield that is well above its industry average of 2.15% and the S&P 500’s 1.63% average. | Image Source: Zacks Investment Research Alliance Bernstein (AB) Along with its enticing dividend, Alliance Bernstein stock is standing out as earnings estimates have gone up over the last month after the company beat its Q4 top and bottom line expectations in early February. Click to get this free report Sunoco LP (SUN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Ageas SA (AGESY) : Free Stock Analysis Report To read this article on Zacks.com click here. Ageas (AGESY) International insurance company Ageas is worthy of consideration with a 7.36% dividend yield that is well above its industry average of 2.15% and the S&P 500’s 1.63% average. | Ageas (AGESY) International insurance company Ageas is worthy of consideration with a 7.36% dividend yield that is well above its industry average of 2.15% and the S&P 500’s 1.63% average. Image Source: Zacks Investment Research Ageas concentration is mostly in Europe and Asia, with insurance services including life and non-life, disability, and medical to individuals and groups. Image Source: Zacks Investment Research Alliance Bernstein (AB) Along with its enticing dividend, Alliance Bernstein stock is standing out as earnings estimates have gone up over the last month after the company beat its Q4 top and bottom line expectations in early February. |
21446.0 | 2023-03-14 00:00:00 UTC | Victory Capital (VCTR) Down 7.1% as February AUM Dips 2.3% | AB | https://www.nasdaq.com/articles/victory-capital-vctr-down-7.1-as-february-aum-dips-2.3 | nan | nan | Victory Capital Holdings’ VCTR shares have dipped 7.1% since the company reported a decline in assets under management (AUM) for February 2023 to $157.7 billion. This reflects a 2.3% decrease from $161.4 billion reported as of Jan 31, 2023.
By asset classes, at the end of February, VCTR’s U.S. Mid Cap Equity AUM declined 1.5% from the January level to $29.5 billion and the U.S. Small Cap Equity AUM of $16.3 billion was down marginally. Further, the U.S. Large Cap Equity AUM fell 2.8% sequentially to $11.9 billion.
Also, the Global/Non-U.S. Equity AUM fell 3.5% to $14.6 billion. Victory Capital recorded $52.8 billion in Solutions, down 3.3% from $54.6 billion reported in January 2023. Fixed Income AUM was $26.3 billion, down 1.8% from the prior month’s figure. Alternative investment assets plunged 2.5% on a sequential basis to $3.4 billion.
Nonetheless, Money Market/Short Term assets rose 1.2% to $3.39 billion.
While unfavorable market performance is a near-term headwind, the sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of the distribution platform might support its performance in the coming days.
Shares of VCTR have lost 9.5% over the past 12 months compared with the industry's decline of 8.7%.
Image Source: Zacks Investment Research
Currently, Victory Capital carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
AllianceBernstein Holding L.P. AB has announced AUM for February 2023. The company’s preliminary month-end AUM of $665 billion decreased 2.2% from the end of January 2023.
Market depreciation resulted in a fall in AB’s AUM balance. This was partly offset by total firm-wide net inflows.
Franklin Resources BEN reported a preliminary AUM of $1,416.5 billion for February 2023. This indicated a 2.4% fall from the Jan 31, 2023, level.
For Franklin, the decrease in the reported month’s AUM reflected the impact of negative markets. These were partially offset by long-term net inflows, which included the previously disclosed $7.5 billion institutional mandate invested across fixed-income strategies.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While unfavorable market performance is a near-term headwind, the sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of the distribution platform might support its performance in the coming days. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. Market depreciation resulted in a fall in AB’s AUM balance. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report To read this article on Zacks.com click here. While unfavorable market performance is a near-term headwind, the sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of the distribution platform might support its performance in the coming days. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report To read this article on Zacks.com click here. While unfavorable market performance is a near-term headwind, the sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of the distribution platform might support its performance in the coming days. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report To read this article on Zacks.com click here. While unfavorable market performance is a near-term headwind, the sound positioning of Victory Capital’s integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of the distribution platform might support its performance in the coming days. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. |
21447.0 | 2023-03-14 00:00:00 UTC | Lazard's (LAZ) February AUM Down 2.8% on Challenging Markets | AB | https://www.nasdaq.com/articles/lazards-laz-february-aum-down-2.8-on-challenging-markets | nan | nan | Lazard Ltd. LAZ recorded a 2.8% decrease in preliminary assets under management (AUM) as of Feb 28, from the previous month’s reading. The total AUM balance aggregated $224.16 billion, marking a decline from $230.64 billion reported in January 2023.
The February AUM entailed a market depreciation of $2.8 billion, foreign-exchange depreciation of $2.9 billion and net outflows of $0.8 billion.
Lazard’s equity AUM for February decreased 3% from the prior month to $174.02 billion. Also, fixed-income AUM of $44.81 billion decreased 2.3% sequentially. Further, other assets declined marginally to $5.33 billion.
Lazard’s AUM balance has decreased year over year by 10.9% from $251.57 billion in February 2023 due to a challenging market backdrop. Also, increased dependence on advisory revenues makes it vulnerable to economic doldrums. Further, continued net outflows over the past months are major concerns.
The stock has lost 9.7% over the past six months compared with a 2.7% decline of the industry.
Image Source: Zacks Investment Research
Currently, Lazard carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
AllianceBernstein Holding L.P. AB has announced AUM for February 2023. The company’s preliminary month-end AUM of $665 billion decreased 2.2% from the end of January 2023.
Market depreciation resulted in a fall in AB’s AUM balance. This was partly offset by total firm-wide net inflows.
Franklin Resources BEN reported preliminary AUM of $1,416.5 billion for February 2023. This indicated a fall of 2.4% from the Jan 31, 2023, level.
For Franklin, the decrease in the reported month’s AUM reflected the impact of negative markets. These were partially offset by long-term net inflows, which included the previously disclosed $7.5 billion institutional mandate invested across fixed-income strategies.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also, increased dependence on advisory revenues makes it vulnerable to economic doldrums. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. Market depreciation resulted in a fall in AB’s AUM balance. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Lazard Ltd (LAZ) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, increased dependence on advisory revenues makes it vulnerable to economic doldrums. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Lazard Ltd (LAZ) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, increased dependence on advisory revenues makes it vulnerable to economic doldrums. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Lazard Ltd (LAZ) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, increased dependence on advisory revenues makes it vulnerable to economic doldrums. Competitive Landscape AllianceBernstein Holding L.P. AB has announced AUM for February 2023. |
21448.0 | 2023-03-13 00:00:00 UTC | Here's Why Should You Stay Invested in Nasdaq (NDAQ) Stock | AB | https://www.nasdaq.com/articles/heres-why-should-you-stay-invested-in-nasdaq-ndaq-stock | nan | nan | Nasdaq Inc.’s NDAQ accelerating organic growth, focus on ramping up the on-trading revenue base, strategic buyouts to capitalize on growing market opportunities, effective capital deployment along with favorable growth estimates make it worth retaining in one’s portfolio.
NDAQ has a decent track record of beating earnings estimates in three of the last four quarters, the average being 3.38%.
Zacks Rank & Price Performance
Nasdaq currently carries a Zacks Rank #3 (Hold). In a year, the stock has lost 14.3% against the industry’s increase of 0.2%.
Image Source: Zacks Investment Research
Optimistic Growth Projections
The Zacks Consensus Estimate for Nasdaq’s 2023 earnings is pegged at $2.70 per share, indicating a 1.5% increase from the year-ago reported figure on 4.4% higher revenues of $3.7 billion. The consensus estimate for 2024 earnings is pegged at $2.91, indicating a 7.8% increase from the year-ago reported figure on 5.4% higher revenues of $3.9 billion.
The expected long-term earnings growth rate is currently pegged at 4.6%.
Return on Equity (ROE)
Return on equity was 22.1% in the trailing twelve months, better than the industry average of 13.5%.
Growth Drivers
Nasdaq remains focused on generating more revenues from high-growth Market Technology and Investment Intelligence segments and diverting R&D spending toward higher-growth products. This in turn should accelerate its growth. The company targets 5-7% long-term growth from a non-trading revenue base.
Nasdaq has been accelerating its technology expansion, given the opportunities offered by the cryptocurrency markets. Technology expansion with SMARTS surveillance in non-financial markets is in tandem with this growth strategy.
Nasdaq noted that the anti-fin crime space has a total addressable market of $12.5 billion and is expected to witness a CAGR of 17% through 2024. The acquisition of Verafin in February 2021 consolidated Nasdaq's established reg tech leadership to create a global SaaS leader. Nasdaq aims 40-50% Saas revenues as a percentage of total revenues by 2025.
It also boasts an impressive inorganic growth story. The buyout of Puro.earth and Metrio will help NDAQ address expanding client ESG needs.
NDAQ estimates growth from its index and analytics businesses, followed by moderate growth in its exchange data products across U.S. and Nordic equities. Nasdaq estimates 5%- 8% revenue organic growth in Investment Intelligence, 13%-16% in Market Technology and 3%-5% in Corporate Platform segments over the medium term.
Nasdaq has a healthy balance sheet and cash position along with modest operating cash flow from its diverse business model. Banking on balance sheet strength, it engages in effective capital deployment.
Nasdaq has been hiking dividends at a five-year CAGR (2018-2022) of 9.6%. It had $650 million remaining under authorization as on Dec 31, 2022.
However, due to change in corporate structure, the company expects to incur $115 million to $145 million in pretax charges, of which about 40% will be non-cash charges. Nonetheless, this will help unlock revenue synergies. Nasdaq is estimating benefits in the form of combined annual run rate operating efficiencies and revenue synergies of at least $30 million by 2025.
Stocks to Consider
Some better-ranked stocks from the finance sector are Ameriprise Financial, Inc. AMP, AllianceBernstein Holding L.P. AB and AssetMark Financial Holdings, Inc. AMK. While Ameriprise Financial and AllianceBernstein sport a Zacks Rank #1 (Strong Buy), AssetMark Financial carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ameriprise Financial’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 5.50%. In the past year, Ameriprise Financial has rallied 10.3%
The Zacks Consensus Estimate for AMP’s 2023 and 2024 earnings indicates 22.1% and 8.1% year-over-year growth, respectively.
AllianceBernstein’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 10.32%. In the past year, AB has lost 13.2%.
The Zacks Consensus Estimate for AB’s 2024 earnings indicates 3.97% year-over-year growth.
AssetMark Financial’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 7.95%. In the past year, AssetMark Financial has rallied 39.4%.
The Zacks Consensus Estimate for AMK’s 2023 and 2024 earnings indicates 24.2% and 6.2% year-over-year growth, respectively.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Nasdaq Inc.’s NDAQ accelerating organic growth, focus on ramping up the on-trading revenue base, strategic buyouts to capitalize on growing market opportunities, effective capital deployment along with favorable growth estimates make it worth retaining in one’s portfolio. Nasdaq noted that the anti-fin crime space has a total addressable market of $12.5 billion and is expected to witness a CAGR of 17% through 2024. The acquisition of Verafin in February 2021 consolidated Nasdaq's established reg tech leadership to create a global SaaS leader. | Stocks to Consider Some better-ranked stocks from the finance sector are Ameriprise Financial, Inc. AMP, AllianceBernstein Holding L.P. AB and AssetMark Financial Holdings, Inc. AMK. Click to get this free report Nasdaq, Inc. (NDAQ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report AssetMark Financial Holdings, Inc. (AMK) : Free Stock Analysis Report To read this article on Zacks.com click here. Nasdaq Inc.’s NDAQ accelerating organic growth, focus on ramping up the on-trading revenue base, strategic buyouts to capitalize on growing market opportunities, effective capital deployment along with favorable growth estimates make it worth retaining in one’s portfolio. | Nasdaq Inc.’s NDAQ accelerating organic growth, focus on ramping up the on-trading revenue base, strategic buyouts to capitalize on growing market opportunities, effective capital deployment along with favorable growth estimates make it worth retaining in one’s portfolio. Click to get this free report Nasdaq, Inc. (NDAQ) : Free Stock Analysis Report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report AssetMark Financial Holdings, Inc. (AMK) : Free Stock Analysis Report To read this article on Zacks.com click here. Nasdaq noted that the anti-fin crime space has a total addressable market of $12.5 billion and is expected to witness a CAGR of 17% through 2024. | Nasdaq Inc.’s NDAQ accelerating organic growth, focus on ramping up the on-trading revenue base, strategic buyouts to capitalize on growing market opportunities, effective capital deployment along with favorable growth estimates make it worth retaining in one’s portfolio. Stocks to Consider Some better-ranked stocks from the finance sector are Ameriprise Financial, Inc. AMP, AllianceBernstein Holding L.P. AB and AssetMark Financial Holdings, Inc. AMK. Nasdaq noted that the anti-fin crime space has a total addressable market of $12.5 billion and is expected to witness a CAGR of 17% through 2024. |
21449.0 | 2023-03-13 00:00:00 UTC | AllianceBernstein's (AB) February AUM Down on Weaker Markets | AB | https://www.nasdaq.com/articles/alliancebernsteins-ab-february-aum-down-on-weaker-markets | nan | nan | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for February 2023. The company’s preliminary month-end AUM of $665 billion decreased 2.2% from the end of January 2023.
Market depreciation resulted in a fall in AB’s AUM balance. This was partly offset by total firm-wide net inflows.
At the end of February, AllianceBernstein’s Equity AUM declined 3.4% sequentially to $282 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) fell marginally to $125 billion. Further, Fixed Income AUM of $258 billion declined 1.5% from the end of January 2023.
In terms of channel, February month-end institutions AUM of $304 billion decreased 2.3% from the previous month. Retail AUM was $251 billion, which fell 2.3% from the prior month’s end. Also, Private Wealth AUM of $110 billion was down 1.8%.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth. However, rising operating costs and a challenging operating backdrop are near-term concerns.
Over the past six months, shares of the company have lost 13.1% compared with a 0.5% decline of the industry.
Image Source: Zacks Investment Research
Currently, AllianceBernstein sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Invesco IVZ announced preliminary AUM for February 2023. The company’s month-end AUM of $1,458 billion represented a decrease of 1.7% from the previous month.
AUM was unfavorably impacted by poor market returns, which lowered it by $22 billion. Because of foreign exchange rate movements, AUM declined $7.7 billion. On the other hand, IVZ experienced net long-term inflows of $2.6 billion and non-management fee-earning net inflows of $1.8 billion. Money market net inflows were $0.9 billion.
Franklin Resources BEN reported preliminary AUM of $1,416.5 billion for February 2023. This indicated a fall of 2.4% from the Jan 31, 2023 level.
For Franklin, the decrease in the reported month’s AUM reflected the impact of negative markets. These were partially offset by long-term net inflows, which included the previously disclosed $7.5 billion institutional mandate invested across fixed-income strategies.
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Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
Invesco Ltd. (IVZ) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for February 2023. Market depreciation resulted in a fall in AB’s AUM balance. AUM was unfavorably impacted by poor market returns, which lowered it by $22 billion. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for February 2023. Market depreciation resulted in a fall in AB’s AUM balance. | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for February 2023. Market depreciation resulted in a fall in AB’s AUM balance. | Market depreciation resulted in a fall in AB’s AUM balance. AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for February 2023. AUM was unfavorably impacted by poor market returns, which lowered it by $22 billion. |
21450.0 | 2023-03-09 00:00:00 UTC | Tap 5 Top-Ranked Stocks Picked on DuPont Analysis | AB | https://www.nasdaq.com/articles/tap-5-top-ranked-stocks-picked-on-dupont-analysis | nan | nan | Return on equity is one of the most coveted metrics that enables investors to differentiate between a profit-churner and a profit-burner. It is a profitability ratio, which measures the earnings that a company generates from its equity.
To shortlist these gems, one can look at the DuPont technique to analyze basic ROE at an advanced level. Here is how DuPont breaks down ROE into its different components:
ROE = Net Income/Equity
Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)
ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier
Why Use DuPont?
Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies having higher margins from those having high turnover. For example, high-end fashion brands generally survive on high margin as compared with retail goods, which rely on higher turnover.
In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.
So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins over and spots the better stock.
Investors can simply do this analysis by taking a look at the company’s financials.However, looking at financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.
Screening Parameters
• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.
• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.
• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.
• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environment.
• Current Price more than $5: This screens out the low priced stocks. However, when looking for lower priced stocks, this criterion can be removed.
Here are five of the 10 stocks that made it through the screen:
W.W. Grainger GWW: This Zacks Rank #1 company is a broad-line, business-to-business distributor of maintenance, repair and operating products and services. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of GWW for the past four quarters is 9.81%.
AllianceBernstein AB: This Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions and individual investors.
The average earnings surprise of AB for the past four quarters is 10.32%.
Valero Energy VLO: The Zacks Rank #1 company is the largest independent refiner and marketer of petroleum products in the United States.
The average earnings surprise of VLO for the past four quarters is 19.00%.
Global Industrial Company GIC: The Zacks Rank #2 company, through its operating subsidiaries, is a provider of industrial products principally in North America.
The average earnings surprise of GIC for the past four quarters is 15.18%.
Olympic Steel ZEUS: The Zacks Rank #1 company is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products.
The average earnings surprise of ZEUS for the past four quarters is 26.19%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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Valero Energy Corporation (VLO) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report
Global Industrial Company (GIC) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein AB: This Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions and individual investors. Return on equity is one of the most coveted metrics that enables investors to differentiate between a profit-churner and a profit-burner. It is a profitability ratio, which measures the earnings that a company generates from its equity. | Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report To read this article on Zacks.com click here. Return on equity is one of the most coveted metrics that enables investors to differentiate between a profit-churner and a profit-burner. It is a profitability ratio, which measures the earnings that a company generates from its equity. | Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report To read this article on Zacks.com click here. Return on equity is one of the most coveted metrics that enables investors to differentiate between a profit-churner and a profit-burner. It is a profitability ratio, which measures the earnings that a company generates from its equity. | It is a profitability ratio, which measures the earnings that a company generates from its equity. Return on equity is one of the most coveted metrics that enables investors to differentiate between a profit-churner and a profit-burner. Screening Parameters • Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. |
21451.0 | 2023-03-08 00:00:00 UTC | Are Finance Stocks Lagging Ameriprise Financial (AMP) This Year? | AB | https://www.nasdaq.com/articles/are-finance-stocks-lagging-ameriprise-financial-amp-this-year-0 | nan | nan | Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Ameriprise Financial Services (AMP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Ameriprise Financial Services is a member of our Finance group, which includes 868 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Ameriprise Financial Services is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AMP's full-year earnings has moved 5.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AMP has gained about 8.3% so far this year. In comparison, Finance companies have returned an average of 3.9%. This means that Ameriprise Financial Services is outperforming the sector as a whole this year.
AllianceBernstein (AB) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.6%.
For AllianceBernstein, the consensus EPS estimate for the current year has increased 11% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Ameriprise Financial Services is a member of the Financial - Investment Management industry, which includes 44 individual companies and currently sits at #44 in the Zacks Industry Rank. This group has gained an average of 6.1% so far this year, so AMP is performing better in this area. AllianceBernstein is also part of the same industry.
Investors with an interest in Finance stocks should continue to track Ameriprise Financial Services and AllianceBernstein. These stocks will be looking to continue their solid performance.
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Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Based on the latest available data, AMP has gained about 8.3% so far this year. AllianceBernstein (AB) is another Finance stock that has outperformed the sector so far this year. | Click to get this free report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Based on the latest available data, AMP has gained about 8.3% so far this year. | Click to get this free report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Based on the latest available data, AMP has gained about 8.3% so far this year. | AllianceBernstein (AB) is another Finance stock that has outperformed the sector so far this year. By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Based on the latest available data, AMP has gained about 8.3% so far this year. |
21452.0 | 2023-02-26 00:00:00 UTC | 7 Top Stocks to Buy to Play the Aging Baby Boomer Trend | AB | https://www.nasdaq.com/articles/7-top-stocks-to-buy-to-play-the-aging-baby-boomer-trend | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Under a similar principle to gravity (what goes up must come down), targeting baby boomer stocks to buy aligns with harsh realities: those who are born into this planet eventually get older. Yes, even millennials and Generation Z will at some point be yelling at kids to get off their lawn. Given that we’re talking about an absolutely guaranteed outcome, the narrative for baby boomer-geared investments seems attractive.
To be sure, one can’t guarantee that all or any of the below baby boomer stocks to buy will rise in value. However, the hard numbers suggest that investors should plan ahead. According to the Pew Research Center, millions of boomers retire each year from the U.S. labor force. Additionally, the pace of these retirements accelerated since the coronavirus pandemic. Therefore, it’s not just millennials that you should be paying attention to. Below are top baby boomer stocks to buy.
AB AllianceBernstein $39.23
WELL Welltower $74.87
SKT Tanger Factory Outlet $18.68
WBA Walgreens Boots Alliance $35.80
ENSG Ensign Group $89.83
ADT ADT. $7.92
AMZN Amazon $93.50
AllianceBernstein (AB)
Source: Epic Cure / Shutterstock
Frequent InvestorPlace readers may recognize AllianceBernstein (NYSE:AB) as one of the Nancy Pelosi stocks to consider. Given that the global asset management firm commands such interest from high-profile individuals, AB certainly deserves top honors for baby boomer stocks to buy. Primarily, the company caters to institutional, high-net-worth and retail investors. It’s the elite helping the elite.
Further, baby boomers hold the most wealth in this nation as an age cohort, which isn’t surprising. Moreover, it’s not too much of a stretch to assume that these folks will want premium guidance. Fortunately, AllianceBernstein only hires the best and therefore can navigate clients through thick and thin.
Per Gurufocus.com’s proprietary calculations for fair market value, AB pings as significantly undervalued. Objectively, AllianceBernstein features a return on equity of 16.49%, indicating an extremely high-quality enterprise.
Finally, Wall Street analysts peg AB as a consensus moderate buy. Their average price target stands at $41.50, implying 5% upside potential. As well, the company carries a forward yield of 7.08%. Thus, it’s a solid candidate for baby boomer stocks to buy.
Welltower (WELL)
Source: Zurijeta / Shutterstock.com
A real estate investment trust (REIT), Welltower (NYSE:WELL) specializes in healthcare infrastructure. Specifically, it provides real estate capital to leading seniors housing operators, post-acute care providers and health systems. Naturally, WELL practically sells itself as one of the baby boomer stocks to buy. Since the January opener, shares gained nearly 14%.
To be fair, Welltower will require some patience from prospective investors. Financially, its balance sheet features only modest strengths. Mathematically, its Altman Z-Score of 1.38 sits in the distressed zone, reflecting higher-than-average bankruptcy risk in the next two years. As well, its profitability took a hit since the imposition of the post-pandemic new normal.
So, why mention it among baby boomer stocks to buy? Mainly, the narrative remains compelling. Moreover, as society settles into the new normal, Welltower’s financials could improve.
Finally, Wall Street believes in WELL, pegging shares as a consensus moderate buy. Analysts’ price target of $80.50 implies almost 6% upside potential. Plus, the company carries a forward yield of 3.2%.
Tanger Factory Outlet (SKT)
Source: shutterstock.com/CC7
Without getting into macabre details, getting older can stink as social networks fade away. Younger family members understandably may be focused on building their lives. As well, when people age, things happen. From that perspective, Tanger Factory Outlet (NYSE:SKT) might be one of the baby boomer stocks to buy. The business combines social integration with consumer retail discounts.
Another notable circumstance is that more than a decade ago, brick-and-mortar retail destinations made a concerted effort to make their stores senior-friendly. With Covid-19 largely out of the picture, SKT could be intriguing.
In fairness, much like Welltower, investors will need plenty of patience with SKT. However, it does offer some attractive attributes. For instance, its price-to-sales ratio sits at 4.45 times, lower than the industry median of 7.12 times. As well, SKT trades at 10.19-times free cash flow (FCF), rank below nearly 72% of the competition.
Lastly, analysts peg SKT as a consensus hold. However, their average price target of $20 implies over 6% upside potential. Further, Tanger carries a forward yield of 4.68%.
Walgreens Boots Alliance (WBA)
Source: Freedom365day / Shutterstock.com
A holding company, Walgreens Boots Alliance (NASDAQ:WBA) owns the retail pharmacy chains Walgreens and Boots. Fundamentally, the case for WBA as one of the baby boomer stocks to buy makes plenty of sense. Again, stuff happens when you become a senior citizen – not all of it pleasant. Therefore, these folks may require more trips to their local pharmacies, cynically boding well for WBA.
Also, it’s interesting that on the first Tuesday of every month, Walgreens hosts Seniors Day. This program gives those ages 55 and up 20% off select purchases. From that angle, WBA screams as a prime candidate for baby boomer stocks to buy.
As with the other ideas on this list, Walgreens will require patience. However, it offers an attractive discount. For instance, WBA trades at a forward multiple of 8.05. This stat sits well below the industry median value of 25.4.
Turning to Wall Street, analysts peg WBA as a consensus hold. However, their average price target of $39.75 implies nearly 10% upside potential. Moreover, Walgreens carries a forward yield of 5.3%.
Ensign Group (ENSG)
Source: Chompoo Suriyo / Shutterstock.com
According to its website, Ensign Group (NASDAQ:ENSG) specializes in post-acute care. Its broad spectrum of businesses includes assisted living, skilled nursing and rehabilitative care. Naturally, with advanced age comes certain challenges. Therefore, ENSG sells itself as one of the baby boomer stocks to buy. Notably, over the trailing year, ENSG gained nearly 13% of equity value.
While every investment carries risks, Ensign’s financials feature arguably more positives than other senior-specific entities. For instance, its three-year revenue growth rate stands at 13.5%, above 64% of its peers. Its net margin pings at 7.43%, outpacing 72.29% of the competition.
Moreover, the market prices ENSG at a forward multiple of 19.25. As a discount to earnings, Ensign ranks better than 65.49% of sector peers.
Looking to the Street, covering analysts peg ENSG as a consensus strong buy. Additionally, their average price target stands at $108, implying over 20% upside potential. Thus, it’s a growth-oriented candidate for baby boomer stocks to buy.
ADT (ADT)
Source: Wright Studio/Shutterstock.com
If you peruse the cesspool of internet forums on the topic of crime and self-defense, you’ll eventually encounter quite a few keyboard commandos. While it might sound romantic to blast baddies away, here’s the deal: criminals often target senior citizens because of their diminished physical vitality (relative to their youth). Therefore, security system and solutions provider ADT (NYSE:ADT) ranks among the top baby boomer stocks to buy.
While millions of millennials take care of their boomer parents, they can’t be there for them all the time. And that’s where security systems like ADT offer incredible relevance. Perhaps not surprisingly, ADT gained slightly over 12% of equity value in the trailing year.
To be fair, ADT carries some flaws in its financials. Its balance sheet could use some work, particularly its low cash-to-debt ratio. Also, its net margin slipped into negative territory in the trailing year. However, the market prices ADT at a forward multiple of 12.66. That’s below the sector median of 14.49.
Finally, analysts peg ADT as a consensus moderate buy. Further, their average price target stands at $10.50, implying over 30% upside potential.
Amazon (AMZN)
Source: AdityaB. Photography/ShutterStock.com
With e-commerce giant Amazon (NASDAQ:AMZN), we’re not exactly talking about an exclusive player among baby boomer stocks to buy. If we’re being totally honest, Amazon caters to the youth and youthfully minded. After all, the company’s diving headfirst into several burgeoning sectors, such as cloud computing and machine learning. That’s not exactly what you think about when considering boomers.
Still, e-commerce as a percentage of total retail sales accelerated since the first quarter of 2022. Part of that demand could stem from seniors. Basically, they can order whatever they want and have it delivered, which represents a significant convenience.
To be fair, Gurufocus.com warns that AMZN may be a possible value trap. if I’m being completely transparent, the skyrocketing inflation of 2022 didn’t help matters financially. Still, Amazon remains a growth machine. For instance, its three-year revenue growth rate stands at 21.9%, outpacing over 84% of the competition.
Lastly, Wall Street analysts love AMZN, pegging it a consensus strong buy. As well, their average price target stands at $137.05, implying 43% upside potential.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
The post 7 Top Stocks to Buy to Play the Aging Baby Boomer Trend appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AB AllianceBernstein $39.23 WELL Welltower $74.87 SKT Tanger Factory Outlet $18.68 WBA Walgreens Boots Alliance $35.80 ENSG Ensign Group $89.83 Given that the global asset management firm commands such interest from high-profile individuals, AB certainly deserves top honors for baby boomer stocks to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Under a similar principle to gravity (what goes up must come down), targeting baby boomer stocks to buy aligns with harsh realities: those who are born into this planet eventually get older. | AB AllianceBernstein $39.23 WELL Welltower $74.87 SKT Tanger Factory Outlet $18.68 WBA Walgreens Boots Alliance $35.80 ENSG Ensign Group $89.83 Therefore, security system and solutions provider ADT (NYSE:ADT) ranks among the top baby boomer stocks to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Under a similar principle to gravity (what goes up must come down), targeting baby boomer stocks to buy aligns with harsh realities: those who are born into this planet eventually get older. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Under a similar principle to gravity (what goes up must come down), targeting baby boomer stocks to buy aligns with harsh realities: those who are born into this planet eventually get older. Therefore, security system and solutions provider ADT (NYSE:ADT) ranks among the top baby boomer stocks to buy. Given that we’re talking about an absolutely guaranteed outcome, the narrative for baby boomer-geared investments seems attractive. | Photography/ShutterStock.com With e-commerce giant Amazon (NASDAQ:AMZN), we’re not exactly talking about an exclusive player among baby boomer stocks to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Under a similar principle to gravity (what goes up must come down), targeting baby boomer stocks to buy aligns with harsh realities: those who are born into this planet eventually get older. Given that we’re talking about an absolutely guaranteed outcome, the narrative for baby boomer-geared investments seems attractive. |
21453.0 | 2023-02-23 00:00:00 UTC | Nvidia results show its growing lead in AI chip race | AB | https://www.nasdaq.com/articles/nvidia-results-show-its-growing-lead-in-ai-chip-race-0 | nan | nan | By Chavi Mehta
Feb 23 (Reuters) - As the artificial intelligence boom takes off, Nvidia Corp NVDA.O is expected to emerge as the biggest - though not the only - winner among chipmakers after years of focusing on the technology has made it a go-to supplier for tech firms.
AI has emerged as a bright spot for investments in the tech industry, whose slowing growth has led to widespread layoffs and a cutback on experimental bets.
The surge in interest helped Nvidia report better-than-expected quarterly earningson Wednesday and it forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O.
Nvidia shares rose nearly 14% to $236.70 on Thursday. They have jumped more than 60% since the turn of the year, nearly three times the gain in the Philadelphia Semiconductor Index .SOX.
The company got its start in the graphics chip business for PCs by helping video games look more realistic, and then rode the cryptocurrency wave as its chips were used for mining. Now, the next push comes from generative AI.
Nvidia's surge Thursday has boosted its market value by more than $70 billion. That brings it to more than $580 billion, about five times that of Intel. It is the seventh-largest publicly traded U.S. firm.
The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot.
SPECIALIZED CHIPS
Graphics processing units are designed to handle the specific kind of math involved in AI computing very efficiently, while generic central processing units (CPUs) from Intel can handle a broader range of computing tasks with less efficiency.
AI is taking over the tech industry and, according to research firm Gartner, the share of specialized chips such as GPUs that are used in data centers is expected to rise to more than 15% by 2026 from less than 3% in 2020.
Advanced Micro Devices AMD.O, whose shares also rose after Nvidia earnings on Wednesday, is the second-biggest player in the GPU industry, with a market share of roughly 20%.
"The two companies that are leading the AI revolution on the hardware and processing side are Nvidia and AMD and, in our opinion, these two companies are head and shoulders above everybody else," Piper Sandler analyst Harsh Kumar said.
Lisa Su-led AMD has made big investments in AI in recent years, including a series of chips designed to compete with Nvidia's fastest offerings. Intel holds a less than 1% share of the space.
"The enthusiasm around ChatGPT and the potential use case it unlocks likely represents an inflection point in adoption of AI," said Lei Qiu, a technology fund portfolio manager at AllianceBernstein, which has a 0.54% stake in Nvidia.
"While it is hard to pinpoint exactly how big AI is today as a percent of (Nvidia's) revenue, it has the potential to grow exponentially as large tech companies race to develop similar types of AI applications," Qiu said.
Nvidia's strength in the AI industry has also attracted the attention of venture capitalists and startups, which are investing billions of dollars and promising improvements such as lower electricity consumption.
None of them have so far made a big dent in Nvidia's business.
INTEL NO LONGER INSIDE
All of this is bad news for Intel, which is also shedding CPU market share to AMD in the data center and personal computer industries that it once dominated. The company now risks losing out on the next growth leg of the industry.
It has in recent months made efforts to sharpen focus on GPUs including a move in December to split its graphic chips unit into two: one focused on personal computers and the other working on data center and AI.
Still, analysts say the company has a long way to go before Intel can make a dent in the market.
"Intel has more designs it has built to try and penetrate the (AI) market ... but to date it's seen a disappointing amount of traction despite its plethora of solutions," Wedbush Securities analyst Matthew Bryson said.
Chipmakers set to reap gains from AI arms racehttps://tmsnrt.rs/3YDDxuT
Nvidia's market valuation dwarfs that of Intel, AMDhttps://tmsnrt.rs/3EzRHoS
(Reporting by Chavi Mehta in Bengaluru and Stephen Nellis in San Francisco; Editing by Aditya Soni and Anil D'Silva)
((Chavi.Mehta@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The surge in interest helped Nvidia report better-than-expected quarterly earningson Wednesday and it forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. That brings it to more than $580 billion, about five times that of Intel. | The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. The surge in interest helped Nvidia report better-than-expected quarterly earningson Wednesday and it forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. That brings it to more than $580 billion, about five times that of Intel. | The surge in interest helped Nvidia report better-than-expected quarterly earningson Wednesday and it forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. That brings it to more than $580 billion, about five times that of Intel. The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. | The surge in interest helped Nvidia report better-than-expected quarterly earningson Wednesday and it forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. That brings it to more than $580 billion, about five times that of Intel. The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. |
21454.0 | 2023-02-23 00:00:00 UTC | Nvidia results show its growing lead in AI chip race | AB | https://www.nasdaq.com/articles/nvidia-results-show-its-growing-lead-in-ai-chip-race | nan | nan | By Chavi Mehta
Feb 23 (Reuters) - As the artificial intelligence boom takes off, Nvidia Corp NVDA.O is expected to emerge as the biggest - though not the only - winner among chipmakers after years of focusing on the technology has made it a go-to supplier for tech firms.
AI has emerged as a bright spot for investments in the tech industry, whose slowing growth has led to widespread layoffs and a cutback on experimental bets.
The surge in interest helped Nvidia report better-than-expected quarterly earnings on Wednesday and forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O.
Nvidia shares rose nearly 8% in trading before the bell on Thursday. They have jumped more than 40% since the turn of the year, nearly three times the gain in the Philadelphia Semiconductor Index .SOX.
It now has a market value of more than $500 billion, about five times that of Intel, and is the seventh-largest publicly traded U.S. firm.
The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot.
SPECIALIZED CHIPS
Graphics processing units are designed to handle the specific kind of math involved in AI computing very efficiently, while generic central processing units (CPUs) from Intel can handle a broader range of computing tasks with less efficiency.
AI is taking over the tech industry and, according to research firm Gartner, the share of specialized chips such as GPUs that are used in data centers is expected to rise to more than 15% by 2026 from less than 3% in 2020.
Advanced Micro Devices AMD.O, whose shares also rose after Nvidia earnings on Wednesday, is the second-biggest player in the GPU industry, with a market share of roughly 20%.
"The two companies that are leading the AI revolution on the hardware and processing side are Nvidia and AMD and, in our opinion, these two companies are head and shoulders above everybody else," Piper Sandler analyst Harsh Kumar said.
Lisa Su-led AMD has made big investments in AI in recent years, including a series of chips designed to compete with Nvidia's fastest offerings. Intel holds a less than 1% share of the space.
"The enthusiasm around ChatGPT and the potential use case it unlocks likely represents an inflection point in adoption of AI," said Lei Qiu, a technology fund portfolio manager at AllianceBernstein, which has a 0.54% stake in Nvidia.
"While it is hard to pinpoint exactly how big AI is today as a percent of (Nvidia's) revenue, it has the potential to grow exponentially as large tech companies race to develop similar types of AI applications," Qiu said.
Nvidia's strength in the AI industry has also attracted the attention of venture capitalists and startups, which are investing billions of dollars and promising improvements such as lower electricity consumption.
None of them have so far made a big dent in Nvidia's business.
INTEL NO LONGER INSIDE
All of this is bad news for Intel, which is also shedding CPU market share to AMD in the data center and personal computer industries that it once dominated. The company now risks losing out on the next growth leg of the industry.
It has in recent months made efforts to sharpen focus on GPUs including a move in December to split its graphic chips unit into two: one focused on personal computers and the other working on data center and AI.
Still, analysts say the company has a long way to go before Intel can make a dent in the market.
"Intel has more designs it has built to try and penetrate the (AI) market ... but to date it's seen a disappointing amount of traction despite its plethora of solutions," Wedbush Securities analyst Matthew Bryson said.
Chipmakers set to reap gains from AI arms racehttps://tmsnrt.rs/3YDDxuT
Nvidia's market valuation dwarfs that of Intel, AMDhttps://tmsnrt.rs/3EzRHoS
(Reporting by Chavi Mehta in Bengaluru and Stephen Nellis in San Francisco; Editing by Aditya Soni and Anil D'Silva)
((Chavi.Mehta@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The surge in interest helped Nvidia report better-than-expected quarterly earnings on Wednesday and forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. It now has a market value of more than $500 billion, about five times that of Intel, and is the seventh-largest publicly traded U.S. firm. | The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. The surge in interest helped Nvidia report better-than-expected quarterly earnings on Wednesday and forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. It now has a market value of more than $500 billion, about five times that of Intel, and is the seventh-largest publicly traded U.S. firm. | The surge in interest helped Nvidia report better-than-expected quarterly earnings on Wednesday and forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. It now has a market value of more than $500 billion, about five times that of Intel, and is the seventh-largest publicly traded U.S. firm. The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. | The surge in interest helped Nvidia report better-than-expected quarterly earnings on Wednesday and forecast sales above beat Wall Street expectations, in stark contrast to a projected loss and dividend cut from rival Intel Corp INTC.O. It now has a market value of more than $500 billion, about five times that of Intel, and is the seventh-largest publicly traded U.S. firm. The key to the company's success is that it controls about 80% of the market for graphic processing units (GPUs), which are specialized chips that provide the kind of computing power required for services such as Microsoft-backed MSFT.O OpenAI's wildly popular ChatGPT chatbot. |
21455.0 | 2023-02-21 00:00:00 UTC | Dive Into DuPont Analysis & Pick These 5 Top Stocks | AB | https://www.nasdaq.com/articles/dive-into-dupont-analysis-pick-these-5-top-stocks-1 | nan | nan | Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures the earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.
However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method, which examines three major elements – operating management, management of assets and the capital structure – related to the financial condition of a company. Below we show how DuPont breaks down ROE into its different components:
ROE = Net Income/Equity
Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)
ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier
The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, MasterCraft Boat MCFT, AllianceBernstein AB and Phillips 66 PSX.
Why Use DuPont?
Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies having higher margins from those having high turnover. For example, high-end fashion brands generally survive on high margin as compared with retail goods, which rely on higher turnover.
In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.
So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins over and spots the better stock.
Investors can simply do this analysis by taking a look at the company’s financials.However, looking at financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.
Screening Parameters
• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.
• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.
• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.
• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environments.
• Current Price more than $5: This screens out the low-priced stocks. However, when looking for lower-priced stocks, this criterion can be removed.
Here are five of 10 stocks that made it through the screen:
W.W. Grainger: This Zacks Rank #1 company is a broad-line, business-to-business distributor of maintenance, repair and operating products and services. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of GWW for the past four quarters is 9.81%.
Olympic Steel: The Zacks Rank #1company is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products.
The average earnings surprise of ZEUS for the past four quarters is 25.39%.
MasterCraft Boat: The Zacks Rank #2 company designs, manufactures and markets recreational powerboats through its subsidiaries.
The average earnings surprise of MCFT for the past four quarters is 15.15%.
AllianceBernstein: The Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and individual investors.
The average earnings surprise of AB for the past four quarters is 10.32%.
Phillips 66: The Zacks Rank #2 company operations incorporate refining, midstream, marketing and specialties, and chemicals.
The average earnings surprise of PSX for the past four quarters is 13.01%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
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Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report
MASTERCRAFT BOAT HOLDINGS, INC. (MCFT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, MasterCraft Boat MCFT, AllianceBernstein AB and Phillips 66 PSX. It is a profitability ratio that measures the earnings generated by a company from its equity. Screening Parameters • Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, MasterCraft Boat MCFT, AllianceBernstein AB and Phillips 66 PSX. Click to get this free report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Phillips 66 (PSX) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report MASTERCRAFT BOAT HOLDINGS, INC. (MCFT) : Free Stock Analysis Report To read this article on Zacks.com click here. It is a profitability ratio that measures the earnings generated by a company from its equity. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, MasterCraft Boat MCFT, AllianceBernstein AB and Phillips 66 PSX. Click to get this free report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Phillips 66 (PSX) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report MASTERCRAFT BOAT HOLDINGS, INC. (MCFT) : Free Stock Analysis Report To read this article on Zacks.com click here. It is a profitability ratio that measures the earnings generated by a company from its equity. | It is a profitability ratio that measures the earnings generated by a company from its equity. ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, MasterCraft Boat MCFT, AllianceBernstein AB and Phillips 66 PSX. Screening Parameters • Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. |
21456.0 | 2023-02-16 00:00:00 UTC | AB October 20th Options Begin Trading | AB | https://www.nasdaq.com/articles/ab-october-20th-options-begin-trading | nan | nan | Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 20th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AB options chain for the new October 20th contracts and identified one put and one call contract of particular interest.
The put contract at the $40.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $40.00, but will also collect the premium, putting the cost basis of the shares at $39.40 (before broker commissions). To an investor already interested in purchasing shares of AB, that could represent an attractive alternative to paying $41.62/share today.
Because the $40.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.50% return on the cash commitment, or 2.23% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for AllianceBernstein Holding LP, and highlighting in green where the $40.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $45.00 strike price has a current bid of 10 cents. If an investor was to purchase shares of AB stock at the current price level of $41.62/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $45.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.36% if the stock gets called away at the October 20th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AB shares really soar, which is why looking at the trailing twelve month trading history for AllianceBernstein Holding LP, as well as studying the business fundamentals becomes important. Below is a chart showing AB's trailing twelve month trading history, with the $45.00 strike highlighted in red:
Considering the fact that the $45.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.24% boost of extra return to the investor, or 0.36% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $41.62) to be 35%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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WEBK Split History
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Institutional Holders of MBB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Of course, a lot of upside could potentially be left on the table if AB shares really soar, which is why looking at the trailing twelve month trading history for AllianceBernstein Holding LP, as well as studying the business fundamentals becomes important. Below is a chart showing AB's trailing twelve month trading history, with the $45.00 strike highlighted in red: Considering the fact that the $45.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 20th expiration. | Below is a chart showing AB's trailing twelve month trading history, with the $45.00 strike highlighted in red: Considering the fact that the $45.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 20th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. | Below is a chart showing AB's trailing twelve month trading history, with the $45.00 strike highlighted in red: Considering the fact that the $45.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 20th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. | At Stock Options Channel, our YieldBoost formula has looked up and down the AB options chain for the new October 20th contracts and identified one put and one call contract of particular interest. Below is a chart showing AB's trailing twelve month trading history, with the $45.00 strike highlighted in red: Considering the fact that the $45.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 20th expiration. |
21457.0 | 2023-02-15 00:00:00 UTC | Ex-Dividend Reminder: AllianceBernstein Holding, Moelis and Phillips Edison | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-alliancebernstein-holding-moelis-and-phillips-edison | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 2/17/23, AllianceBernstein Holding LP (Symbol: AB), Moelis & Company Class A (Symbol: MC), and Phillips Edison & Co Inc (Symbol: PECO) will all trade ex-dividend for their respective upcoming dividends. AllianceBernstein Holding LP will pay its quarterly dividend of $0.70 on 3/16/23, Moelis & Company Class A will pay its quarterly dividend of $0.60 on 3/28/23, and Phillips Edison & Co Inc will pay its monthly dividend of $0.0933 on 3/1/23. As a percentage of AB's recent stock price of $41.34, this dividend works out to approximately 1.69%, so look for shares of AllianceBernstein Holding LP to trade 1.69% lower — all else being equal — when AB shares open for trading on 2/17/23. Similarly, investors should look for MC to open 1.28% lower in price and for PECO to open 0.27% lower, all else being equal.
Below are dividend history charts for AB, MC, and PECO, showing historical dividends prior to the most recent ones declared.
AllianceBernstein Holding LP (Symbol: AB):
Moelis & Company Class A (Symbol: MC):
Phillips Edison & Co Inc (Symbol: PECO):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 6.77% for AllianceBernstein Holding LP, 5.12% for Moelis & Company Class A, and 3.29% for Phillips Edison & Co Inc.
In Wednesday trading, AllianceBernstein Holding LP shares are currently down about 0.5%, Moelis & Company Class A shares are up about 0.5%, and Phillips Edison & Co Inc shares are off about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. Looking at the universe of stocks we cover at Dividend Channel, on 2/17/23, AllianceBernstein Holding LP (Symbol: AB), Moelis & Company Class A (Symbol: MC), and Phillips Edison & Co Inc (Symbol: PECO) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AB's recent stock price of $41.34, this dividend works out to approximately 1.69%, so look for shares of AllianceBernstein Holding LP to trade 1.69% lower — all else being equal — when AB shares open for trading on 2/17/23. | Looking at the universe of stocks we cover at Dividend Channel, on 2/17/23, AllianceBernstein Holding LP (Symbol: AB), Moelis & Company Class A (Symbol: MC), and Phillips Edison & Co Inc (Symbol: PECO) will all trade ex-dividend for their respective upcoming dividends. AllianceBernstein Holding LP (Symbol: AB): Moelis & Company Class A (Symbol: MC): Phillips Edison & Co Inc (Symbol: PECO): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AB's recent stock price of $41.34, this dividend works out to approximately 1.69%, so look for shares of AllianceBernstein Holding LP to trade 1.69% lower — all else being equal — when AB shares open for trading on 2/17/23. | Looking at the universe of stocks we cover at Dividend Channel, on 2/17/23, AllianceBernstein Holding LP (Symbol: AB), Moelis & Company Class A (Symbol: MC), and Phillips Edison & Co Inc (Symbol: PECO) will all trade ex-dividend for their respective upcoming dividends. AllianceBernstein Holding LP (Symbol: AB): Moelis & Company Class A (Symbol: MC): Phillips Edison & Co Inc (Symbol: PECO): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AB's recent stock price of $41.34, this dividend works out to approximately 1.69%, so look for shares of AllianceBernstein Holding LP to trade 1.69% lower — all else being equal — when AB shares open for trading on 2/17/23. | Looking at the universe of stocks we cover at Dividend Channel, on 2/17/23, AllianceBernstein Holding LP (Symbol: AB), Moelis & Company Class A (Symbol: MC), and Phillips Edison & Co Inc (Symbol: PECO) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AB's recent stock price of $41.34, this dividend works out to approximately 1.69%, so look for shares of AllianceBernstein Holding LP to trade 1.69% lower — all else being equal — when AB shares open for trading on 2/17/23. Below are dividend history charts for AB, MC, and PECO, showing historical dividends prior to the most recent ones declared. |
21458.0 | 2023-02-14 00:00:00 UTC | T. Rowe Price (TROW) Gains 3.7% as January AUM Rises to $1.35T | AB | https://www.nasdaq.com/articles/t.-rowe-price-trow-gains-3.7-as-january-aum-rises-to-%241.35t | nan | nan | T. Rowe Price Group, Inc.’s TROW shares have gained 3.7% since the announcement of its preliminary assets under management (AUM) of $1.35 trillion as of Jan 31, 2023. This reflects a 5.8% increase from the prior month’s $1.28 trillion.
Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion for January 2023.
T. Rowe Price’s total U.S. mutual fund balance was $662 billion, up 5.4% from the December 2022 level. Of the total U.S. mutual funds balance, almost 89% comprised investments in equity and blended assets, while the remaining came from fixed income, including the money-market portfolio.
T. Rowe Price’s total sub-advised and separate accounts, and other investment products were worth $687 billion, marking 6.2% growth from the prior month. Of this, equity and blended assets, accounting for $547 billion, were up 7.3% sequentially. While fixed-income products, including the money market, constituted $96 billion (up 3.2% sequentially), alternative products aggregated $44 billion (flat sequentially) of total other investment portfolios.
Additionally, TROW registered $358 billion in target date retirement portfolios, which rose 7.2% from the previous month.
TROW remains focused on its long-term strategies for delivering outstanding investment performance. The company also assumes that focusing on fundamentals will accelerate its effort to meet clients’ expectations. Given the upbeat market performance, the overall AUM balance for January improved from the prior month.
Over the past three months, shares of T. Rowe Price have lost 4% against the industry’s gain of 3.4%.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1,451.9 billion for January 2023. This reflects a 4.6% increase from $1,387.7 billion recorded at the end of the prior month.
The rise in BEN’s AUM balance was primarily driven by the impact of positive markets and cash management net inflows, partially offset by long-term net outflows.
AllianceBernstein Holding L.P.’s AB AUM of $680 billion for January 2023 represented a rise of 5.3% from $646 billion recorded at the end of the prior month. The upside was driven by market appreciation, partially offset by net outflows in each channel.
AllianceBernstein’s global reach and solid asset balances are likely to continue to boost top-line growth.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. AllianceBernstein Holding L.P.’s AB AUM of $680 billion for January 2023 represented a rise of 5.3% from $646 billion recorded at the end of the prior month. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. | AllianceBernstein Holding L.P.’s AB AUM of $680 billion for January 2023 represented a rise of 5.3% from $646 billion recorded at the end of the prior month. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. | AllianceBernstein Holding L.P.’s AB AUM of $680 billion for January 2023 represented a rise of 5.3% from $646 billion recorded at the end of the prior month. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. | AllianceBernstein Holding L.P.’s AB AUM of $680 billion for January 2023 represented a rise of 5.3% from $646 billion recorded at the end of the prior month. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. |
21459.0 | 2023-02-10 00:00:00 UTC | Alliancebernstein Holding (AB) Declares $0.70 Dividend | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-ab-declares-%240.70-dividend | nan | nan | Alliancebernstein Holding said on February 8, 2023 that its board of directors declared a regular quarterly dividend of $0.70 per share ($2.80 annualized). Shareholders of record as of February 17, 2023 will receive the payment on March 16, 2023. Previously, the company paid $0.64 per share.
At the current share price of $40.03 / share, the stock's dividend yield is 6.99%. Looking back five years and taking a sample every week, the average dividend yield has been 8.47%, the lowest has been 5.15%, and the highest has been 16.53%. The standard deviation of yields is 1.62 (n=236).
The current dividend yield is 0.91 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 1.08. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.10%, demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 4.70% Downside
As of February 10, 2023, the average one-year price target for Alliancebernstein Holding is $38.15. The forecasts range from a low of $32.32 to a high of $45.15. The average price target represents a decrease of 4.70% from its latest reported closing price of $40.03.
The projected annual revenue for Alliancebernstein Holding is $3,467MM, an increase of 1,034.85%. The projected annual EPS is $2.71, a decrease of 19.74%.
What is the Fund Sentiment?
There are 288 funds or institutions reporting positions in Alliancebernstein Holding. This is a decrease of 21 owner(s) or 6.80% in the last quarter. Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 14.08%. Total shares owned by institutions increased in the last three months by 6.13% to 13,226K shares. The put/call ratio of AB is 0.99, indicating a bullish outlook.
What are large shareholders doing?
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.23% ownership of the company. No change in the last quarter.
UBS Group holds 821K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 494K shares, representing an increase of 39.82%. The firm increased its portfolio allocation in AB by 38.74% over the last quarter.
Jpmorgan Chase & holds 621K shares representing 0.62% ownership of the company. In it's prior filing, the firm reported owning 132K shares, representing an increase of 78.73%. The firm increased its portfolio allocation in AB by 308.70% over the last quarter.
Wells Fargo holds 505K shares representing 0.50% ownership of the company. In it's prior filing, the firm reported owning 505K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in AB by 11.28% over the last quarter.
Franklin Resources holds 485K shares representing 0.48% ownership of the company. No change in the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 14.08%. The put/call ratio of AB is 0.99, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 38.74% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 14.08%. The put/call ratio of AB is 0.99, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 38.74% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 14.08%. The put/call ratio of AB is 0.99, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 38.74% over the last quarter. | Average portfolio weight of all funds dedicated to AB is 0.14%, a decrease of 14.08%. The put/call ratio of AB is 0.99, indicating a bullish outlook. The firm increased its portfolio allocation in AB by 38.74% over the last quarter. |
21460.0 | 2023-02-08 00:00:00 UTC | AllianceBernstein Holding L.P. Q4 Profit Decreases, but beats estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q4-profit-decreases-but-beats-estimates | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $187.14 million, or $0.59 per share. This compares with $372.23 million, or $1.27 per share, in last year's fourth quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $0.70 per share for the period.
Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 21.4% to $990.18 million from $1.26 billion last year.
AllianceBernstein Holding L.P. earnings at a glance (GAAP) :
-Earnings (Q4): $187.14 Mln. vs. $372.23 Mln. last year. -EPS (Q4): $0.59 vs. $1.27 last year. -Analyst Estimates: $0.57 -Revenue (Q4): $990.18 Mln vs. $1.26 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $0.70 per share for the period. Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $0.70 per share for the period. AllianceBernstein Holding L.P. earnings at a glance (GAAP) : -Earnings (Q4): $187.14 Mln. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates. This compares with $372.23 million, or $1.27 per share, in last year's fourth quarter. -Analyst Estimates: $0.57 -Revenue (Q4): $990.18 Mln vs. $1.26 Bln last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates. The company's earnings came in at $187.14 million, or $0.59 per share. -Analyst Estimates: $0.57 -Revenue (Q4): $990.18 Mln vs. $1.26 Bln last year. |
21461.0 | 2023-02-07 00:00:00 UTC | Zacks.com featured highlights W.W. Grainger, Olympic Steel, AllianceBernstein, Valero Energy and Phillips 66 | AB | https://www.nasdaq.com/articles/zacks.com-featured-highlights-w.w.-grainger-olympic-steel-alliancebernstein-valero-energy | nan | nan | For Immediate Release
Chicago, IL – February 7, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Olympic Steel ZEUS, AllianceBernstein AB, Valero Energy VLO and Phillips 66 PSX.
Bet on DuPont Analyst and Pick Up 5 Top Stocks
Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.
However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method, which examines three major elements – operating management, management of assets and the capital structure – related to the financial condition of a company. Below, we show how DuPont breaks down ROE into its different components:
ROE = Net Income/Equity
Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)
ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier
Why Use DuPont?
Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies having higher margins from those having high turnover. For example, high-end fashion brands generally survive on high margin as compared with retail goods, which rely on higher turnover.
In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.
So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins over and spots the better stock.
Investors can simply do this analysis by taking a look at the company’s financials.However, looking at financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.
Screening Parameters
• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.
• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.
• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.
• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environments.
• Current Price more than $5: This screens out the low-priced stocks. However, when looking for lower-priced stocks, this criterion can be removed.
Here are five of the nine stocks that made it through the screen:
W.W. Grainger: This Zacks Rank #2 company is a broad-line, business-to-business distributor of maintenance, repair and operating products and services. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of GWW for the past four quarters is 9.81%.
Olympic Steel: The Zacks Rank #1 company is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products.
The average earnings surprise of ZEUS for the past four quarters is 25.39%.
AllianceBernstein: The Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors.
The average earnings surprise of AB for the past four quarters is 12.40%.
Valero Energy: The Zacks Rank #2 company is the largest independent refiner and marketer of petroleum products in the United States.
The average earnings surprise of VLO for the past four quarters is 19.0%.
Phillips 66: The Zacks Rank #2 company operations incorporate refining, midstream, marketing and specialties, and chemicals.
The average earnings surprise of PSX for the past four quarters is 13.01%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2050164/bet-on-dupont-analysis-pick-5-top-stocks
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Phillips 66 (PSX) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – February 7, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Olympic Steel ZEUS, AllianceBernstein AB, Valero Energy VLO and Phillips 66 PSX. It is a profitability ratio that measures earnings generated by a company from its equity. Screening Parameters • Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. | For Immediate Release Chicago, IL – February 7, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Olympic Steel ZEUS, AllianceBernstein AB, Valero Energy VLO and Phillips 66 PSX. Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Phillips 66 (PSX) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. It is a profitability ratio that measures earnings generated by a company from its equity. | Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Phillips 66 (PSX) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – February 7, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Olympic Steel ZEUS, AllianceBernstein AB, Valero Energy VLO and Phillips 66 PSX. It is a profitability ratio that measures earnings generated by a company from its equity. | It is a profitability ratio that measures earnings generated by a company from its equity. Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Phillips 66 (PSX) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – February 7, 2023 – Stocks in this week’s article are W.W. Grainger GWW, Olympic Steel ZEUS, AllianceBernstein AB, Valero Energy VLO and Phillips 66 PSX. |
21462.0 | 2023-02-06 00:00:00 UTC | Bet On DuPont Analysis & Pick 5 Top Stocks | AB | https://www.nasdaq.com/articles/bet-on-dupont-analysis-pick-5-top-stocks | nan | nan | Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.
However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method, which examines three major elements – operating management, management of assets and the capital structure – related to the financial condition of a company. Below, we show how DuPont breaks down ROE into its different components:
ROE = Net Income/Equity
Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)
ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier
The screener yields winning stocks like W.W. Grainger (GWW), Olympic Steel (ZEUS), AllianceBernstein (AB), Valero Energy (VLO)and Phillips 66 (PSX).
Why Use DuPont?
Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies having higher margins from those having high turnover. For example, high-end fashion brands generally survive on high margin as compared with retail goods, which rely on higher turnover.
In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.
So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins over and spots the better stock.
Investors can simply do this analysis by taking a look at the company’s financials.However, looking at financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.
Screening Parameters
• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.
• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.
• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.
• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environments.
• Current Price more than $5: This screens out the low-priced stocks. However, when looking for lower-priced stocks, this criterion can be removed.
Here are five of the nine stocks that made it through the screen:
W.W. Grainger GWW: This Zacks Rank #2 company is a broad-line, business-to-business distributor of maintenance, repair and operating products and services. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of GWW for the past four quarters is 9.81%.
Olympic Steel ZEUS: The Zacks Rank #1 company is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products.
The average earnings surprise of ZEUS for the past four quarters is 25.39%.
AllianceBernstein AB: The Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors.
The average earnings surprise of AB for the past four quarters is 12.40%.
Valero Energy VLO: The Zacks Rank #2 company is the largest independent refiner and marketer of petroleum products in the United States.
The average earnings surprise of VLO for the past four quarters is 19.0%.
Phillips 66 PSX: The Zacks Rank #2 company operations incorporate refining, midstream, marketing and specialties, and chemicals.
The average earnings surprise of PSX for the past four quarters is 13.01%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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Valero Energy Corporation (VLO) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger (GWW), Olympic Steel (ZEUS), AllianceBernstein (AB), Valero Energy (VLO)and Phillips 66 (PSX). AllianceBernstein AB: The Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. It is a profitability ratio that measures earnings generated by a company from its equity. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger (GWW), Olympic Steel (ZEUS), AllianceBernstein (AB), Valero Energy (VLO)and Phillips 66 (PSX). Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. It is a profitability ratio that measures earnings generated by a company from its equity. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger (GWW), Olympic Steel (ZEUS), AllianceBernstein (AB), Valero Energy (VLO)and Phillips 66 (PSX). Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. It is a profitability ratio that measures earnings generated by a company from its equity. | It is a profitability ratio that measures earnings generated by a company from its equity. ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger (GWW), Olympic Steel (ZEUS), AllianceBernstein (AB), Valero Energy (VLO)and Phillips 66 (PSX). Screening Parameters • Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. |
21463.0 | 2023-02-03 00:00:00 UTC | Are Finance Stocks Lagging AllianceBernstein (AB) This Year? | AB | https://www.nasdaq.com/articles/are-finance-stocks-lagging-alliancebernstein-ab-this-year | nan | nan | Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is AllianceBernstein (AB) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
AllianceBernstein is a member of our Finance group, which includes 871 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AllianceBernstein is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 9.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AB has returned 15.1% so far this year. Meanwhile, stocks in the Finance group have gained about 8.9% on average. This shows that AllianceBernstein is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is Armada Hoffler Properties (AHH). The stock has returned 12% year-to-date.
In Armada Hoffler Properties' case, the consensus EPS estimate for the current year increased 2.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, AllianceBernstein is a member of the Financial - Investment Management industry, which includes 44 individual companies and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 14.6% so far this year, so AB is performing better in this area.
On the other hand, Armada Hoffler Properties belongs to the REIT and Equity Trust - Residential industry. This 24-stock industry is currently ranked #173. The industry has moved +13.6% year to date.
Investors with an interest in Finance stocks should continue to track AllianceBernstein and Armada Hoffler Properties. These stocks will be looking to continue their solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Armada Hoffler Properties, Inc. (AHH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Is AllianceBernstein (AB) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 9.4% higher. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Armada Hoffler Properties, Inc. (AHH) : Free Stock Analysis Report To read this article on Zacks.com click here. Is AllianceBernstein (AB) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Armada Hoffler Properties, Inc. (AHH) : Free Stock Analysis Report To read this article on Zacks.com click here. Is AllianceBernstein (AB) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. | Is AllianceBernstein (AB) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 9.4% higher. |
21464.0 | 2023-02-02 00:00:00 UTC | Screening for Cheap Stocks with Dividends over 5% | AB | https://www.nasdaq.com/articles/screening-for-cheap-stocks-with-dividends-over-5 | nan | nan | (0:30) - Building A Portfolio With Strong Income
(5:30) - Tracey’s Top Stock Picks
(22:15) - Episode Roundup: AB, GGB, HBI, SUN, JHG
Podcast@Zacks.com
Welcome to Episode #315 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
This week, she takes a look at value stocks that are also paying hefty dividend yields. Many investors are looking for income this year. There’s nothing better, however, than getting a cheap stock that also pays out a big check.
But how do you find them?
Screening for Cheap Stocks with High Dividend Yields
To find cheap stocks, Tracey screened for stocks with P/Es under 15, her usual level for value.
She put in a high yield with stocks paying over 5% but also those that had a 5-year history of dividend growth.
But the most important criteria in this volatile market was a Zacks Rank of #1 (Strong Buy) and #2 (Buy). The Rank should hopefully screen for companies where the analysts are raising estimates, not cutting them. The Rank is the secret sauce on this screen.
Screening for these items, it gave 16 stocks. But that was a little too many, so by adding a P/S ratio under 1.0, which indicates even more value, there were just 4 stocks. So she added one from the first screen to round it out to 5 companies.
5 Cheap Stocks with Big Dividends
1. AllianceBernstein Holding, LP AB
AllianceBernstein is an asset management company with a market cap of $3.8 billion. Shares have fallen 19% in the last year and are cheap, with a forward P/E of 13.9.
AllianceBernstein pays a dividend currently yielding 6.75%. But earnings are expected to fall 25% this year and another 3% next year. It is expected to report earnings on Feb 8, 2023.
Is AllianceBernstein’s big dividend safe?
2. Gerdau GGB
Gerdau is a Brazilian steel company. Shares of Gerdau are up 24% in the last year but are still cheap with a forward P/E just 7.
Zacks has Gerdau paying a dividend yielding 20% but YahooFinance says it is just 11%. Some commodities companies pay variable dividends so that can wreak havoc with the “annual” dividend.
Analysts are bullish on Gerdau with one analyst raising estimates for 2023 in the last week. Still, earnings are expected to fall 39% in 2023.
Is Gerdau’s dividend yield risky?
3. Hanesbrands Inc. HBI
**Warning: This podcast was recorded before Hanesbrands reporting earnings and cut their dividend completely.
Hanesbrands has paid a quarterly dividend since 2013. It even paid it through the pandemic. By the end of 2022, it was yielding 7.1% as the shares had sunk nearly 50% over the last year.
But when Hanesbrands announced fourth quarter and full year 2022 results on Feb 2, 2023, it also eliminated its dividend to focus on paying down debt.
Shares of Hanesbrands plunged on the news. Investors should always weigh the risks of a company continuing to pay a very high yield. Do your research.
4. Sunoco Inc. SUN
Sunoco is the largest fuel distributor in the United States. It operates in 40 states and delivers fuel to over 10,000 sites.
Shares of Sunoco are up 6.2% over the last year but are still cheap with a forward P/E of 11.3.
On Jan 25, 2023, Sunoco said its Board of Directors had maintained the dividend, which is payable on Feb 21, 2023 to those shareholders of record as of Feb 7, 2023.
The dividend is currently yielding 7%.
Should investors be looking to energy companies like Sunoco for dividend yield in 2023?
5. Janus Henderson Group plc JHG
Janus Henderson is an asset management company headquartered in the United Kingdom. It also reported earnings on Feb 2, 2023.
In 2022, Janus Henderson returned $358 million to shareholders through dividends and buybacks. As of the end of 2022, it had $1.2 billion in cash and cash equivalents. Janus Henderson’s board also announced another $0.39 quarterly dividend.
That dividend is currently yielding 6%. Shares of Janus Henderson are cheap, with a forward P/E of 12.7.
Is it time to look at foreign companies like Janus Henderson for deals?
What Else Should You Know About Finding the Cheap Stocks with Big Yields?
Listen to this week’s podcast to find out.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sunoco LP (SUN) : Free Stock Analysis Report
Gerdau S.A. (GGB) : Free Stock Analysis Report
Hanesbrands Inc. (HBI) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Janus Henderson Group plc (JHG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (0:30) - Building A Portfolio With Strong Income (5:30) - Tracey’s Top Stock Picks (22:15) - Episode Roundup: AB, GGB, HBI, SUN, JHG Podcast@Zacks.com Welcome to Episode #315 of the Value Investor Podcast. AllianceBernstein Holding, LP AB AllianceBernstein is an asset management company with a market cap of $3.8 billion. Some commodities companies pay variable dividends so that can wreak havoc with the “annual” dividend. | (0:30) - Building A Portfolio With Strong Income (5:30) - Tracey’s Top Stock Picks (22:15) - Episode Roundup: AB, GGB, HBI, SUN, JHG Podcast@Zacks.com Welcome to Episode #315 of the Value Investor Podcast. Click to get this free report Sunoco LP (SUN) : Free Stock Analysis Report Gerdau S.A. (GGB) : Free Stock Analysis Report Hanesbrands Inc. (HBI) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Janus Henderson Group plc (JHG) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding, LP AB AllianceBernstein is an asset management company with a market cap of $3.8 billion. | Click to get this free report Sunoco LP (SUN) : Free Stock Analysis Report Gerdau S.A. (GGB) : Free Stock Analysis Report Hanesbrands Inc. (HBI) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Janus Henderson Group plc (JHG) : Free Stock Analysis Report To read this article on Zacks.com click here. (0:30) - Building A Portfolio With Strong Income (5:30) - Tracey’s Top Stock Picks (22:15) - Episode Roundup: AB, GGB, HBI, SUN, JHG Podcast@Zacks.com Welcome to Episode #315 of the Value Investor Podcast. AllianceBernstein Holding, LP AB AllianceBernstein is an asset management company with a market cap of $3.8 billion. | What Else Should You Know About Finding the Cheap Stocks with Big Yields? (0:30) - Building A Portfolio With Strong Income (5:30) - Tracey’s Top Stock Picks (22:15) - Episode Roundup: AB, GGB, HBI, SUN, JHG Podcast@Zacks.com Welcome to Episode #315 of the Value Investor Podcast. AllianceBernstein Holding, LP AB AllianceBernstein is an asset management company with a market cap of $3.8 billion. |
21465.0 | 2023-01-18 00:00:00 UTC | Is Ameriprise Financial (AMP) Outperforming Other Finance Stocks This Year? | AB | https://www.nasdaq.com/articles/is-ameriprise-financial-amp-outperforming-other-finance-stocks-this-year-0 | nan | nan | For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ameriprise Financial Services (AMP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Ameriprise Financial Services is one of 871 companies in the Finance group. The Finance group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Ameriprise Financial Services is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMP's full-year earnings has moved 3.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AMP has returned 8% so far this year. Meanwhile, stocks in the Finance group have lost about 8.6% on average. This shows that Ameriprise Financial Services is outperforming its peers so far this year.
Another stock in the Finance sector, AllianceBernstein (AB), has outperformed the sector so far this year. The stock's year-to-date return is 11.8%.
Over the past three months, AllianceBernstein's consensus EPS estimate for the current year has increased 8.3%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Ameriprise Financial Services belongs to the Financial - Investment Management industry, a group that includes 44 individual companies and currently sits at #62 in the Zacks Industry Rank. This group has lost an average of 14.5% so far this year, so AMP is performing better in this area. AllianceBernstein is also part of the same industry.
Ameriprise Financial Services and AllianceBernstein could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Meanwhile, stocks in the Finance group have lost about 8.6% on average. Another stock in the Finance sector, AllianceBernstein (AB), has outperformed the sector so far this year. | Click to get this free report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Meanwhile, stocks in the Finance group have lost about 8.6% on average. | Click to get this free report Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Meanwhile, stocks in the Finance group have lost about 8.6% on average. | Another stock in the Finance sector, AllianceBernstein (AB), has outperformed the sector so far this year. By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Meanwhile, stocks in the Finance group have lost about 8.6% on average. |
21466.0 | 2023-01-17 00:00:00 UTC | Why AllianceBernstein (AB) Might be Well Poised for a Surge | AB | https://www.nasdaq.com/articles/why-alliancebernstein-ab-might-be-well-poised-for-a-surge | nan | nan | AllianceBernstein (AB) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
The upward trend in estimate revisions for this investment management company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For AllianceBernstein, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate Revisions
For the current quarter, the company is expected to earn $0.57 per share, which is a change of -55.81% from the year-ago reported number.
The Zacks Consensus Estimate for AllianceBernstein has increased 7.27% over the last 30 days, as one estimate has gone higher while one has gone lower.
Current-Year Estimate Revisions
For the full year, the company is expected to earn $2.81 per share, representing a year-over-year change of -27.76%.
There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for AllianceBernstein versus one negative revision. This has pushed the consensus estimate 6.21% higher.
Favorable Zacks Rank
The promising estimate revisions have helped AllianceBernstein earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Investors have been betting on AllianceBernstein because of its solid estimate revisions, as evident from the stock's 7.5% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein (AB) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Favorable Zacks Rank The promising estimate revisions have helped AllianceBernstein earn a Zacks Rank #1 (Strong Buy). Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Favorable Zacks Rank The promising estimate revisions have helped AllianceBernstein earn a Zacks Rank #1 (Strong Buy). AllianceBernstein (AB) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Favorable Zacks Rank The promising estimate revisions have helped AllianceBernstein earn a Zacks Rank #1 (Strong Buy). AllianceBernstein (AB) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. | AllianceBernstein (AB) appears an attractive pick given a noticeable improvement in the company's earnings outlook. Favorable Zacks Rank The promising estimate revisions have helped AllianceBernstein earn a Zacks Rank #1 (Strong Buy). Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. |
21467.0 | 2023-01-17 00:00:00 UTC | 5 Top Stocks Backed by DuPont Analysis for Solid Returns | AB | https://www.nasdaq.com/articles/5-top-stocks-backed-by-dupont-analysis-for-solid-returns | nan | nan | Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.
However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method, which examines three major elements — operating management, management of assets and the capital structure – related to the financial condition of a company. Below, we show how DuPont breaks down ROE into its different components:
ROE = Net Income/Equity
Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)
ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier
The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, Titan Machinery TITN, Landstar System LSTR and AllianceBernstein AB.
Why Use DuPont?
Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies having higher margins from those having high turnover. For example, high-end fashion brands generally survive on high margin as compared with retail goods, which rely on higher turnover.
In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.
So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins over and spots the better stock.
Investors can simply do this analysis by taking a look at the company’s financials.However, looking at financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.
Screening Parameters
• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.
• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.
• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.
• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environment.
• Current Price more than $5: This screens out the low priced stocks. However, when looking for lower priced stocks, this criterion can be removed.
Here are five of the six stocks that made it through the screen:
Titan Machinery TITN: This Zacks Rank #1 company represents a diversified mix of agricultural, construction and consumer products dealerships in the upper Midwest. You can see the complete list of today’s Zacks #1 Rank stocks here.
The average earnings surprise of TITN for the past four quarters is 59.91%.
Olympic Steel ZEUS: The Zacks Rank #1 company is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products.
The average earnings surprise of ZEUS for the past four quarters is 25.39%.
W.W. Grainger GWW: The Zacks Rank #2 company is a broad-line, business-to-business distributor of maintenance, repair and operating products and services.
The average earnings surprise of GWW of the past four quarters is 10.10%.
AllianceBernstein AB: The Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions and individual investors.
The average earnings surprise of AB for the past four quarters is 12.40%.
Landstar System LSTR: The Zacks Rank #2 company is an asset-light provider of integrated transportation management solutions.
The average earnings surprise of LSTR for the past four quarters is 1.63%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Titan Machinery Inc. (TITN) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report
Landstar System, Inc. (LSTR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, Titan Machinery TITN, Landstar System LSTR and AllianceBernstein AB. AllianceBernstein AB: The Zacks Rank #1 company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions and individual investors. It is a profitability ratio that measures earnings generated by a company from its equity. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, Titan Machinery TITN, Landstar System LSTR and AllianceBernstein AB. Click to get this free report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Titan Machinery Inc. (TITN) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Landstar System, Inc. (LSTR) : Free Stock Analysis Report To read this article on Zacks.com click here. It is a profitability ratio that measures earnings generated by a company from its equity. | ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, Titan Machinery TITN, Landstar System LSTR and AllianceBernstein AB. Click to get this free report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Titan Machinery Inc. (TITN) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Landstar System, Inc. (LSTR) : Free Stock Analysis Report To read this article on Zacks.com click here. It is a profitability ratio that measures earnings generated by a company from its equity. | It is a profitability ratio that measures earnings generated by a company from its equity. ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier The screener yields winning stocks like W.W. Grainger GWW, Olympic Steel ZEUS, Titan Machinery TITN, Landstar System LSTR and AllianceBernstein AB. Screening Parameters • Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. |
21468.0 | 2023-01-16 00:00:00 UTC | AllianceBernstein (AB) Shows Fast-paced Momentum But Is Still a Bargain Stock | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-shows-fast-paced-momentum-but-is-still-a-bargain-stock | nan | nan | Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
AllianceBernstein (AB) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 3.6% over the past four weeks positions the stock of this investment management company well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. AB meets this criterion too, as the stock gained 11.5% over the past 12 weeks.
Moreover, the momentum for AB is fast paced, as the stock currently has a beta of 1.35. This indicates that the stock moves 35% higher than the market in either direction.
Given this price performance, it is no surprise that AB has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AB earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, AB is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. AB is currently trading at 0.91 times its sales. In other words, investors need to pay only 91 cents for each dollar of sales.
So, AB appears to have plenty of room to run, and that too at a fast pace.
In addition to AB, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AB is trading at a reasonable valuation. AllianceBernstein (AB) is one of the several great candidates that made it through the screen. AB meets this criterion too, as the stock gained 11.5% over the past 12 weeks. | In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AB earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AB is trading at a reasonable valuation. AllianceBernstein (AB) is one of the several great candidates that made it through the screen. | Given this price performance, it is no surprise that AB has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. AllianceBernstein (AB) is one of the several great candidates that made it through the screen. AB meets this criterion too, as the stock gained 11.5% over the past 12 weeks. | AllianceBernstein (AB) is one of the several great candidates that made it through the screen. AB meets this criterion too, as the stock gained 11.5% over the past 12 weeks. Moreover, the momentum for AB is fast paced, as the stock currently has a beta of 1.35. |
21469.0 | 2023-01-14 00:00:00 UTC | Schroders gets nod to set up China fund unit as Beijing speeds up approvals | AB | https://www.nasdaq.com/articles/schroders-gets-nod-to-set-up-china-fund-unit-as-beijing-speeds-up-approvals | nan | nan | Corrects Chinese to China in paragraph 4
SHANGHAI, Jan 14 (Reuters) - Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates opening up its giant financial sector to foreigners.
China abruptly dismantled its strict, three-year zero-COVID policy in early December, and the government has apparently stepped up efforts to woo foreign companies and investors to aid an economic recovery.
Last month, U.S. asset manager Neuberger Berman celebrated the opening of its China retail fund business, while Fidelity International was granted a mutual fund licence in the country. Authorities have also recently allowed Canada's Manulife Financial Corp MFC.TO to take full control of its Chinese mutual fund venture.
The China Securities Regulatory Commission (CSRC) gave the green light to Schroders SDR.L late on Friday, allowing the British asset manager to expand its footprint in China, where Schroders already owns a mutual fund venture, as well as a wealth management venture.
Setting up a wholly-owned retail fund business in China is testament to Schroder's long-term commitment to the country - a key component of the group's global strategy, the company said in a statement.
Obtaining the go-ahead from the CSRC is a crucial step that strengthens Schroder's confidence to expand business and investment in China, Global Head of Distribution Lieven Debruyne said in the statement.
China scrapped foreign ownership caps in its $3.7 trillion mutual fund industry in 2019, and BlackRock become the first foreign asset manager to open a fully-owned retail fund business in the country.
Other players seeking such a licence include VanEck and AllianceBernstein.
(Reporting by Samuel Shen and Brenda Goh Editing by Mark Potter)
((samuel.shen@thomsonreuters.com; +86 21 20830018; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | China abruptly dismantled its strict, three-year zero-COVID policy in early December, and the government has apparently stepped up efforts to woo foreign companies and investors to aid an economic recovery. Setting up a wholly-owned retail fund business in China is testament to Schroder's long-term commitment to the country - a key component of the group's global strategy, the company said in a statement. Obtaining the go-ahead from the CSRC is a crucial step that strengthens Schroder's confidence to expand business and investment in China, Global Head of Distribution Lieven Debruyne said in the statement. | China abruptly dismantled its strict, three-year zero-COVID policy in early December, and the government has apparently stepped up efforts to woo foreign companies and investors to aid an economic recovery. Corrects Chinese to China in paragraph 4 SHANGHAI, Jan 14 (Reuters) - Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates opening up its giant financial sector to foreigners. The China Securities Regulatory Commission (CSRC) gave the green light to Schroders SDR.L late on Friday, allowing the British asset manager to expand its footprint in China, where Schroders already owns a mutual fund venture, as well as a wealth management venture. | China abruptly dismantled its strict, three-year zero-COVID policy in early December, and the government has apparently stepped up efforts to woo foreign companies and investors to aid an economic recovery. Corrects Chinese to China in paragraph 4 SHANGHAI, Jan 14 (Reuters) - Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates opening up its giant financial sector to foreigners. The China Securities Regulatory Commission (CSRC) gave the green light to Schroders SDR.L late on Friday, allowing the British asset manager to expand its footprint in China, where Schroders already owns a mutual fund venture, as well as a wealth management venture. | China abruptly dismantled its strict, three-year zero-COVID policy in early December, and the government has apparently stepped up efforts to woo foreign companies and investors to aid an economic recovery. Corrects Chinese to China in paragraph 4 SHANGHAI, Jan 14 (Reuters) - Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates opening up its giant financial sector to foreigners. Last month, U.S. asset manager Neuberger Berman celebrated the opening of its China retail fund business, while Fidelity International was granted a mutual fund licence in the country. |
21470.0 | 2023-01-12 00:00:00 UTC | How to Find Strong Finance Stocks Slated for Positive Earnings Surprises | AB | https://www.nasdaq.com/articles/how-to-find-strong-finance-stocks-slated-for-positive-earnings-surprises-2 | nan | nan | Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider AllianceBernstein?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. AllianceBernstein (AB) holds a #1 (Strong Buy) at the moment and its Most Accurate Estimate comes in at $0.57 a share 29 days away from its upcoming earnings release on February 10, 2023.
By taking the percentage difference between the $0.57 Most Accurate Estimate and the $0.56 Zacks Consensus Estimate, AllianceBernstein has an Earnings ESP of +1.79%. Investors should also know that AB is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
AB is just one of a large group of Finance stocks with a positive ESP figure. Allstate (ALL) is another qualifying stock you may want to consider.
Slated to report earnings on February 1, 2023, Allstate holds a #3 (Hold) ranking on the Zacks Rank, and it's Most Accurate Estimate is $2.03 a share 20 days from its next quarterly update.
The Zacks Consensus Estimate for Allstate is $1.57, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +28.95%.
AB and ALL's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
The Allstate Corporation (ALL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. AllianceBernstein (AB) holds a #1 (Strong Buy) at the moment and its Most Accurate Estimate comes in at $0.57 a share 29 days away from its upcoming earnings release on February 10, 2023. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report The Allstate Corporation (ALL) : Free Stock Analysis Report To read this article on Zacks.com click here. Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. | Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. | AllianceBernstein (AB) holds a #1 (Strong Buy) at the moment and its Most Accurate Estimate comes in at $0.57 a share 29 days away from its upcoming earnings release on February 10, 2023. Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. |
21471.0 | 2023-01-11 00:00:00 UTC | Should Value Investors Buy AllianceBernstein (AB) Stock? | AB | https://www.nasdaq.com/articles/should-value-investors-buy-alliancebernstein-ab-stock | nan | nan | Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
AllianceBernstein (AB) is a stock many investors are watching right now. AB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
We should also highlight that AB has a P/B ratio of 2.34. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. AB's current P/B looks attractive when compared to its industry's average P/B of 2.73. Within the past 52 weeks, AB's P/B has been as high as 3.13 and as low as 2.07, with a median of 2.69.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. AB has a P/S ratio of 0.88. This compares to its industry's average P/S of 2.47.
Finally, investors should note that AB has a P/CF ratio of 29.69. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 31.24. Within the past 12 months, AB's P/CF has been as high as 33.45 and as low as 9.28, with a median of 11.77.
Investors could also keep in mind Victory Capital Holdings (VCTR), an Financial - Investment Management stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Victory Capital Holdings is currently trading with a Forward P/E ratio of 6.43 while its PEG ratio sits at 2.57. Both of the company's metrics compare favorably to its industry's average P/E of 13.77 and average PEG ratio of 0.87.
VCTR's Forward P/E has been as high as 7.19 and as low as 4.69, with a median of 5.83. During the same time period, its PEG ratio has been as high as 2.87, as low as 0.48, with a median of 2.02.
Furthermore, Victory Capital Holdings holds a P/B ratio of 1.83 and its industry's price-to-book ratio is 2.73. VCTR's P/B has been as high as 2.62, as low as 1.49, with a median of 1.86 over the past 12 months.
These figures are just a handful of the metrics value investors tend to look at, but they help show that AllianceBernstein and Victory Capital Holdings are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AB and VCTR feels like a great value stock at the moment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein (AB) is a stock many investors are watching right now. AB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. We should also highlight that AB has a P/B ratio of 2.34. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein (AB) is a stock many investors are watching right now. AB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. | Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein (AB) is a stock many investors are watching right now. AB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. | AB has a P/S ratio of 0.88. AllianceBernstein (AB) is a stock many investors are watching right now. AB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. |
21472.0 | 2023-01-08 00:00:00 UTC | Validea's Top Ten Financial Stocks Based On John Neff - 1/8/2023 | AB | https://www.nasdaq.com/articles/valideas-top-ten-financial-stocks-based-on-john-neff-1-8-2023 | nan | nan | The following are the top rated Financial stocks according to Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
PINNACLE FINANCIAL PARTNERS INC (PNFP) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on John Neff is 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pinnacle Financial Partners, Inc. is a financial holding company. The Company operates through its wholly owned subsidiary, Pinnacle Bank (the Bank). The Bank is a Tennessee state-chartered bank. The Bank offers a full range of lending products, including commercial, real estate and consumer loans to individuals, businesses and professional entities. The Bank is also focused on offering core deposits, including savings, checking, noninterest-bearing checking, interest-bearing checking, money market and certificate of deposit accounts, including access to products offered through various IntraFi Network Deposit programs. It also offers a range of treasury management and remote deposit services, including online wire origination, zero balance and sweep accounts, automated bill pay services, and lockbox processing. It operates approximately 118 offices, including 49 in Tennessee, 37 in North Carolina, 20 in South Carolina, nine in Virginia, two in Georgia and one in Alabama.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of PINNACLE FINANCIAL PARTNERS INC
PNFP Guru Analysis
PNFP Fundamental Analysis
TORONTO-DOMINION BANK (TD) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on John Neff is 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Company's segments include Canadian Retail, U.S. Retail, Wholesale Banking and corporate. Canadian Retail segment serves customers in the Canadian personal and commercial banking, wealth, and insurance businesses. Personal Banking provides financial products and advice through its network of automated teller machines (ATM), telephone, digital and mobile banking. U.S. Retail comprises the Bank's personal and business banking operations under the brand TD Bank and wealth management in the United States. Wholesale Banking offers a range of capital markets and corporate and investment banking services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding, and investment needs of its clients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: FAIL
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of TORONTO-DOMINION BANK
TD Guru Analysis
TD Fundamental Analysis
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities. It expands its private markets platform through CarVal Investors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
AB Guru Analysis
AB Fundamental Analysis
ARTISAN PARTNERS ASSET MANAGEMENT INC (APAM) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Artisan Partners Asset Management Inc. is an investment management company. The Company provides a range of United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides a range of investment strategies across multiple asset classes and investment styles, which are offered through various investment vehicles. The Company offers its investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes and have long-term investment horizons. The Company provides investment management services to separate accounts and pooled investment vehicles. The Company's Investment securities consist of nonconsolidated investments in shares of Artisan Funds, Artisan Global Funds, and Artisan Private Funds.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of ARTISAN PARTNERS ASSET MANAGEMENT INC
APAM Guru Analysis
APAM Fundamental Analysis
CREDIT ACCEPTANCE CORP. (CACC) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Credit Acceptance Corporation is engaged in offering financing programs that enable automobile dealers to sell vehicles to consumers. The Company's financing programs are offered through a network of automobile dealers. The Company offers two financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers, which is referred to as dealer loan in exchange for the right to service the underlying consumer Loans. Under the Purchase Program, the Company buys the consumer loans from the dealers, which is referred to as a purchased loan and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of CREDIT ACCEPTANCE CORP.
CACC Guru Analysis
CACC Fundamental Analysis
ESSENT GROUP LTD (ESNT) is a mid-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Essent Group Ltd. is a holding company, which, through its wholly owned subsidiaries, offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. In addition to offering mortgage insurance, it provides contract underwriting services on a limited basis through CUW Solutions, LLC. It provides risk management products to mortgage lenders and investors to support homeownership. It offers private capital to bear mortgage credit risk, enabling lenders and mortgage investors to make mortgage financing available for homeowners. Its products and services include mortgage insurance, which includes private mortgage insurance, primary and pool; contract underwriting and Bermuda-Based insurance and reinsurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: FAIL
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of ESSENT GROUP LTD
ESNT Guru Analysis
ESNT Fundamental Analysis
FIRST BANCSHARES INC (MISSISSIPPI) (FBMS) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The First Bancshares, Inc. is a bank holding company for The First, A National Banking Association (The First). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and non-profit organizations in the communities that it serves. These services include consumer and commercial loans, deposit accounts and safe deposit services. In addition to offering a range of deposit services and loan products, the Company have a mortgage and private banking division. Its residential mortgage loan division, which originates conventional, or government agency insured loans to purchase existing residential homes, construct new homes or refinance existing mortgages. It has a private banking division, which offers financial and wealth management services. Its other services include online Internet banking services, automated teller machines, voice response telephone inquiry services and many others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of FIRST BANCSHARES INC (MISSISSIPPI)
FBMS Guru Analysis
FBMS Fundamental Analysis
JANUS HENDERSON GROUP PLC (JHG) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Janus Henderson Group PLC is an independent global asset manager. The Company specializes in active investment across all asset classes. It operates through the investment management business segment. The Company manages a range of actively managed investment products for institutional and retail investors across five capabilities: Equities, Fixed Income, Multi-Asset, Quantitative Equities and Alternatives. It operates across various product lines, distribution channels and geographic regions. The Company conducts its operations in North America, the United Kingdom (UK), continental Europe, Latin America, Japan, Asia and Australia.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of JANUS HENDERSON GROUP PLC
JHG Guru Analysis
JHG Fundamental Analysis
NEW MOUNTAIN FINANCE CORP. (NMFC) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: New Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company. It is regulated as a business development company (BDC). The Company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds, and mezzanine securities. The first lien debt may include traditional first-lien senior secured loans or unitranche loans. Unitranche loans combine characteristics of traditional first-lien senior secured loans as well as second lien and subordinated loans. The Company invests in various sectors, such as software, business services, healthcare services, education, consumer services, distribution and logistics, insurance services, and specialty chemicals and materials. New Mountain Finance Advisers BDC, L.L.C. is the investment adviser of the Company.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of NEW MOUNTAIN FINANCE CORP.
NMFC Guru Analysis
NMFC Fundamental Analysis
PAGSEGURO DIGITAL LTD (PAGS) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: PagSeguro Digital Ltd. is a holding company. The Company, through its subsidiaries, is engaged in providing financial technology solutions and services and corresponding related activities, focused principally on micro-merchants and small and medium-sized businesses (SMEs). The Company offers a two-sided ecosystem, providing a banking and payments experience through a single interface, with one app, one platform and one customer support. It owns two brands: PagBank and PagSeguro. PagBank provides a safe way of owning a free digital account, linked to the Brazilian Central Bank's platform, with the feature of accepting payments, where its clients can transact and manage their cash, have a debit or credit card, save money and find a portfolio of investments available. PagSeguro's end-to-end payments ecosystem enables its customers to accept a range of online and in-person payment methods, including credit cards, debit cards, meal voucher cards, boletos, bank transfers, and cash deposits.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: FAIL
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: PASS
Detailed Analysis of PAGSEGURO DIGITAL LTD
PAGS Guru Analysis
PAGS Fundamental Analysis
John Neff Portfolio
About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. |
21473.0 | 2022-12-23 00:00:00 UTC | AllianceBernstein Holding Becomes Oversold (AB) | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-becomes-oversold-ab | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $34.08 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 44.8. A bullish investor could look at AB's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares:
Looking at the chart above, AB's low point in its 52 week range is $31.31 per share, with $52.52 as the 52 week high point — that compares with a last trade of $34.24.
Find out what 9 other oversold stocks you need to know about »
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ValueForum Discussion Community
ETFs Holding BKFS
CIC YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AB's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $31.31 per share, with $52.52 as the 52 week high point — that compares with a last trade of $34.24. Find out what 9 other oversold stocks you need to know about » Also see: ValueForum Discussion Community ETFs Holding BKFS CIC YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $34.08 per share. A bullish investor could look at AB's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $31.31 per share, with $52.52 as the 52 week high point — that compares with a last trade of $34.24. | In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $34.08 per share. A bullish investor could look at AB's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $31.31 per share, with $52.52 as the 52 week high point — that compares with a last trade of $34.24. | In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $34.08 per share. A bullish investor could look at AB's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AB shares: Looking at the chart above, AB's low point in its 52 week range is $31.31 per share, with $52.52 as the 52 week high point — that compares with a last trade of $34.24. |
21474.0 | 2022-12-22 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 12/22/2022 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-12-22-2022 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities. It expands its private markets platform through CarVal Investors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: FAIL
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. | Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities. Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP Full Guru Analysis for AB Full Factor Report for AB More details on Validea's Peter Lynch strategy Peter Lynch Stock Ideas About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. | Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP Full Guru Analysis for AB Full Factor Report for AB More details on Validea's Peter Lynch strategy Peter Lynch Stock Ideas About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. | It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. |
21475.0 | 2022-12-14 00:00:00 UTC | T. Rowe Price (TROW) Stock Gains 2.1% as November AUM Increases | AB | https://www.nasdaq.com/articles/t.-rowe-price-trow-stock-gains-2.1-as-november-aum-increases | nan | nan | T. Rowe Price Group, Inc.’s TROW shares have gained 2.1% since the company reported preliminary assets under management (AUM) of $1.34 trillion as of Nov 30, 2022. This reflects a 4.7% increase from the prior month’s $1.28 trillion.
Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion for November 2022 and $1.4 billion for the quarter-to-date period ended Nov 30, 2022.
T. Rowe Price’s total U.S. mutual funds balance was $667 billion, up 4.5% from the October 2022 level. Of the total U.S. mutual funds balance, 89% comprised investments in equity and multi-asset classes, while the remaining came from fixed income, including the money market portfolio.
T. Rowe Price’s total sub-advised and separate accounts, and other investment products were worth $673 billion, marking 4.8% growth from the prior month. Of this, equity and multi-asset products, accounting for $537 billion, were up 5.5% sequentially. Fixed-income products, including the money market, constituted $92 billion (up 2.2% sequentially), while alternative products aggregated $44 billion (up 2.3% sequentially).
Additionally, TROW registered $349 billion in target date retirement portfolios, which rose 6.7% from the previous month.
TROW remains focused on its long-term strategies for delivering outstanding investment performance. The company also assumes that focusing on fundamentals will accelerate its efforts to meet clients’ expectations.
Over the past six months, shares of T. Rowe Price have gained 12.2% compared with the industry’s increase of 15.5%.
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The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources BEN reported preliminary AUM of $1,410.6 billion for November 2022. This indicated a rise of 7% from the Oct 31, 2022, level.
For Franklin, the increase in the reported month’s AUM reflected the impacts of positive markets and the acquisition of Alcentra, partially offset by long-term net outflows.
AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel.
AllianceBernstein’s global reach and solid asset balances are likely to continue to boost top-line growth.
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Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? | Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. | AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. | AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? |
21476.0 | 2022-12-13 00:00:00 UTC | Invesco (IVZ) November AUM Rises 5.7% on Favorable Markets | AB | https://www.nasdaq.com/articles/invesco-ivz-november-aum-rises-5.7-on-favorable-markets | nan | nan | Invesco IVZ announced preliminary assets under management (AUM) for November 2022. The company’s month-end AUM of $1,437.9 billion represented an increase of 5.7% from the previous month.
AUM was positively impacted by favorable market returns, which increased it by $55 billion. The company experienced net long-term inflows of $1.3 billion and non-management fee-earning net inflows of $3.7 billion. Money market net inflows were $8 billion.
Because of foreign exchange rate movements, AUM increased $9.4 billion.
Invesco’s preliminary average total AUM in the quarter through Nov 30 was $1,375.5 billion and preliminary average active AUM summed $939.2 billion.
At the end of the reported month, the company’s Equity AUM was $676.8 billion, up 8% from the previous month. Alternatives AUM increased 2.1% sequentially to $191.9 billion.
Money Market AUM improved 4.9% from the prior-month end to $191.1 billion. Balanced AUM for November was $67.3 billion, increasing 7.9% from the October 2022 end. Fixed Income AUM of $311.8 billion was up 3.1%.
Invesco’s strong global presence, solid AUM balance and initiatives to capitalize on investors’ demand for different investment strategies poise it well for growth.
However, despite the cost-saving efforts, the company’s expenses have been elevated due to its inorganic growth initiatives and investments in franchise. Higher costs will likely hurt profitability to an extent in the near term.
Over the past year, shares of Invesco have lost 16.8% compared with a decline of 19.5% of the industry.
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Currently, Invesco carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources BEN reported preliminary AUM of $1,410.6 billion for November 2022. This indicated a rise of 7% from the Oct 31, 2022, level.
For Franklin, the increase in the reported month’s AUM reflected the impact of positive markets and the acquisition of Alcentra, partially offset by long-term net outflows.
AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel.
AllianceBernstein’s global reach and solid asset balances are likely to continue to boost top-line growth.
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Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
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AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AUM was positively impacted by favorable market returns, which increased it by $55 billion. Higher costs will likely hurt profitability to an extent in the near term. AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. | AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. AUM was positively impacted by favorable market returns, which increased it by $55 billion. | AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here. AUM was positively impacted by favorable market returns, which increased it by $55 billion. | AllianceBernstein Holding L.P.’s AB AUM of $658 billion for November 2022 represented a rise of 4.9% from $627 billion recorded at the end of the prior month. AUM was positively impacted by favorable market returns, which increased it by $55 billion. Higher costs will likely hurt profitability to an extent in the near term. |
21477.0 | 2022-12-06 00:00:00 UTC | AllianceBernstein Holding L.P. To Present At Goldman Sachs Conference; Webcast At 10:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-to-present-at-goldman-sachs-conference-webcast-at-10%3A00-am | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will participate in the Goldman Sachs 2022 US Financial Services Conference.
The event is scheduled to begin at 10:00 AM ET on December 6, 2022.
To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will participate in the Goldman Sachs 2022 US Financial Services Conference. The event is scheduled to begin at 10:00 AM ET on December 6, 2022. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will participate in the Goldman Sachs 2022 US Financial Services Conference. The event is scheduled to begin at 10:00 AM ET on December 6, 2022. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will participate in the Goldman Sachs 2022 US Financial Services Conference. The event is scheduled to begin at 10:00 AM ET on December 6, 2022. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will participate in the Goldman Sachs 2022 US Financial Services Conference. The event is scheduled to begin at 10:00 AM ET on December 6, 2022. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
21478.0 | 2022-11-30 00:00:00 UTC | 7 Stocks to Buy to Beat Next Year’s Interest Rate Blues | AB | https://www.nasdaq.com/articles/7-stocks-to-buy-to-beat-next-years-interest-rate-blues | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With the Federal Reserve committed to tackling historically high inflation through hawkish monetary policies, it’s time for investors to consider the best stocks to buy for rising interest rates. Sure, some indicators suggest that the central bank might loosen its stance. However, in the bigger picture, folks must deal with reality. Following an unprecedented expansion of the money supply, the Fed must control act aggressively.
Don’t take my word for it. Instead, just listen to St. Louis Fed President James Bullard, who insists on a higher target policy rate. “We’ve got a ways to go to get restrictive,” he said in an interview with MarketWatch. That’s not great news for growth-oriented names. But it could spell good tidings (at least relatively speaking) for stocks to buy for rising interest rates.
AFL Aflac $72.09
PGR Progressive $132.17
SRE Sempra Energy $165.06
PSX Phillips 66 $109.09
AB AllianceBernstein $40.30
DFS Discover Financial $107.66
ARCC Ares Capital $19.60
Aflac (AFL)
Source: ImageFlow/Shutterstock.com
An insurance specialist, Aflac (NYSE:AFL) represents the largest provider of supplemental insurance in the U.S. While the company underwrites a range of policy requests, it’s perhaps best known for its payroll deduction insurance coverage. This service pays cash benefits when a policyholder has a covered accident or illness, per the company’s public profile.
Fundamentally, AFL makes a strong case for stocks to buy for rising interest rates because of fears of unknown variables. Prior to the coronavirus pandemic, the concept of a worldwide outbreak leading to mass pandemonium was either exclusive to history books or Hollywood dramas. Given that it became a harsh reality, people now take supplemental insurance coverage much more seriously.
To be fair, Gurufocus.com labels AFL as significantly overvalued. On a year-to-date basis, AFL jumped nearly 22%. Also, in the trailing month, it’s up almost 9%. Nevertheless, AFL still trades at 9-times trailing-12-month (TTM) earnings, which sits below the sector median of 12 times. Combined with its fundamental relevance, AFL ranks as one of the stocks to buy for rising interest rates.
Progressive (PGR)
Source: Epic Cure / Shutterstock
Well known for its quirky commercials featuring the fictional salesperson character Flo, Progressive (NYSE:PGR) represents the third largest insurance carrier and the number one commercial auto insurer in the U.S. Fundamentally, insurance stocks and benchmark rates generally feature a direct correlation: as one rises, so too does the other.
Now, certain circumstances such as market volatility and other critical headwinds may disrupt this relationship. Nevertheless, as one of the stocks to buy for rising interest rates, PGR makes an excellent case for itself because of the underlying business. Simply put, according to Progressive’s website, nearly every state requires car insurance coverage. The lone state that doesn’t – Massachusetts – still requires proof of financial responsibility.
In other words, Progressive cynically enjoys a captive audience. Further, with the post-pandemic new normal imposing ramped up dangers on the road, insurance becomes even more critical. Therefore, PGR easily ranks among the stocks to buy for rising interest rates.
Sempra Energy (SRE)
Source: shutterstock.com/CC7
Most folks I talk to love the Golden State, particularly Southern California. With excellent weather year-round and plenty of stuff to do, it’s a dream experience for many. However, great experiences come at a cost. While many residents complain about the metaphorical sunshine tax, it’s actually a real thing. Enter Sempra Energy (NYSE:SRE).
Representing one of the largest utility holding companies in the U.S., Sempra commands a massive footprint of about 40 million customers. Further, these households tend to generate higher-than-average income compared to the rest of the nation. As well, because California represents a highly desired destination state – conservative talking points be damned – Sempra knows it owns a hostage audience.
Because of this permanent demand structure, SRE cynically ranks among the stocks to buy for rising interest rates. While I get that people are moving out of California in droves, there are also plenty of higher-income folks moving in. Thus, SRE will continue to enjoy tremendous relevance.
Phillips 66 (PSX)
Source: Chompoo Suriyo / Shutterstock.com
With Phillips 66 (NYSE:PSX), investors will want to exercise caution through careful entry into the market. A multinational energy firm, Phillips 66 mainly specializes in the downstream component of the industry. This deals with segments such as refining and marketing. However, rising borrowing costs tend to be negative for commodities, including energy resources. Therefore, you may want to tiptoe into PSX shares.
Indeed, the circumstances become more complicated because of the underlying market performance. Since the start of the year, PSX gained nearly 44% of equity value. Also, in the trialing month, it’s up 4.5%. In other words, interested investors may want to wait a bit until shares cool down before pulling the trigger.
Nevertheless, the broader fundamentals should bode well for PSX, making it one of the stocks to buy for rising interest rates. With possibly 90% of companies requiring a return to the office (at least partially), this circumstance will boost mobility statistics. Of course, mobility on the freeways isn’t free, thus benefitting PSX.
AllianceBernstein (AB)
Source: AdityaB. Photography/ShutterStock.com
In prior InvestorPlace articles, I’ve mentioned the bullish case for AllianceBernstein (NYSE:AB), typically because outgoing Speaker of the House Nancy Pelosi rates AB shares highly. However, as a candidate among stocks to buy for rising interest rates, I’m sure many folks remain skeptical. After all, AllianceBernstein represents a global asset management firm. Its job becomes much more difficult during a deflationary cycle.
And believe me, should the Fed continue to shrink the money supply via raising borrowing costs, this action is deflationary: fewer dollars chasing after more goods. Under this scenario, several publicly traded securities may stumble because of business erosion.
Still, AB could be a surprise idea among stocks to buy for rising interest rates because of societal realities. AllianceBernstein caters to high-net-worth individuals, meaning that the enterprise uses only the best resources. It also only hires the best advisors. Combine the two and you have one of the few asset managers that can guide their clients successfully through this deflationary storm. Just imagine the powerful word of mouth that such a success story can generate.
Discover Financial (DFS)
Source: Shutterstock
Although Discover Financial (NYSE:DFS) tends to be overlooked relative to its more popular competitors within the financial services space, DFS is well worth consideration among stocks to buy for rising interest rates. On an elemental and cynical level, Discover pads its bottom line when interest rates rise. Further, as economic pressures build, people tend to resort to credit to make ends meet.
Again, it’s a cynical argument and I’m not celebrating this dynamic. Rather, I’m pointing out the harsh truth. For instance, after the level of consumer loans dropped to a multi-year low of $739 billion in April 2021, this metric skyrocketed to $928 billion this month. Interestingly, consumer loans hit over $859 billion just before the coronavirus pandemic capsized American society.
Personally, it appears that rising consumer debt amid significant economic ambiguities represents a danger point. Still, for the near and intermediate term, it’s quite possible that DFS qualifies as one of the stocks to buy for rising interest rates. Bluntly speaking, DFS will benefit until it doesn’t.
Ares Capital (ARCC)
Source: Shutterstock
On a final note, if you want to take a pot shot regarding stocks to buy for rising interest rates, you could check out Ares Capital (NASDAQ:ARCC). Billed as a leading business development company (BDC) with a focus on comprehensive financing solutions for middle-market enterprises, Ares might seem a risky venture under the current environment. After all, companies tend to fail during deflationary cycles.
Nevertheless, Wall Street remains relatively warm to ARCC stock. No, it’s not in positive territory. However, with an 8% loss for the year – compared to more than 17% down for the S&P 500 – Ares currently holds its own. As well, ARCC appears to have arrested its decline, fading just barely under parity in the trailing half-year period.
Fundamentally, Ares rescue-financing business – which targets enterprises featuring a market capitalization of between $20 and $200 million – could be enticing. Because these companies don’t have the same access to capital markets as an established blue chip, Ares can forge a robust niche.
It’s risky but sometimes, you need to take some wagers to enjoy big gains in this type of market.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
The post 7 Stocks to Buy to Beat Next Year’s Interest Rate Blues appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AFL Aflac $72.09 PGR Progressive $132.17 SRE Sempra Energy $165.06 PSX Phillips 66 $109.09 AB AllianceBernstein $40.30 DFS Discover Financial $107.66 ARCC Ares Capital $19.60 Aflac (AFL) Source: ImageFlow/Shutterstock.com An insurance specialist, Aflac (NYSE:AFL) represents the largest provider of supplemental insurance in the U.S. Fundamentally, AFL makes a strong case for stocks to buy for rising interest rates because of fears of unknown variables. To be fair, Gurufocus.com labels AFL as significantly overvalued. | AFL Aflac $72.09 PGR Progressive $132.17 SRE Sempra Energy $165.06 PSX Phillips 66 $109.09 AB AllianceBernstein $40.30 DFS Discover Financial $107.66 ARCC Ares Capital $19.60 Aflac (AFL) Source: ImageFlow/Shutterstock.com An insurance specialist, Aflac (NYSE:AFL) represents the largest provider of supplemental insurance in the U.S. Fundamentally, AFL makes a strong case for stocks to buy for rising interest rates because of fears of unknown variables. To be fair, Gurufocus.com labels AFL as significantly overvalued. | AFL Aflac $72.09 PGR Progressive $132.17 SRE Sempra Energy $165.06 PSX Phillips 66 $109.09 AB AllianceBernstein $40.30 DFS Discover Financial $107.66 ARCC Ares Capital $19.60 Aflac (AFL) Source: ImageFlow/Shutterstock.com An insurance specialist, Aflac (NYSE:AFL) represents the largest provider of supplemental insurance in the U.S. Fundamentally, AFL makes a strong case for stocks to buy for rising interest rates because of fears of unknown variables. To be fair, Gurufocus.com labels AFL as significantly overvalued. | AFL Aflac $72.09 PGR Progressive $132.17 SRE Sempra Energy $165.06 PSX Phillips 66 $109.09 AB AllianceBernstein $40.30 DFS Discover Financial $107.66 ARCC Ares Capital $19.60 Aflac (AFL) Source: ImageFlow/Shutterstock.com An insurance specialist, Aflac (NYSE:AFL) represents the largest provider of supplemental insurance in the U.S. Fundamentally, AFL makes a strong case for stocks to buy for rising interest rates because of fears of unknown variables. To be fair, Gurufocus.com labels AFL as significantly overvalued. |
21479.0 | 2022-11-24 00:00:00 UTC | AllianceBernstein and Societe Generale Plan to Form a JV | AB | https://www.nasdaq.com/articles/alliancebernstein-and-societe-generale-plan-to-form-a-jv | nan | nan | AllianceBernstein Holding L.P. AB and Societe Generale SCGLY have decided to form a joint venture (JV) by combining their cash equities and equity research businesses. The closing of the deal, expected before the end of 2023, is subject to workers’ council consultation, approval of regulators and customary closing conditions.
Societe Generale intends for a 51% stake in the JV, with an option to reach 100% ownership after five years. The JV would be run as a long-term partnership under the Bernstein name, headquartered in London.
Once the deal is closed, Robert van Brugge, the CEO of Bernstein Research, will become the CEO of the new entity for an initial period of five years. Stephane Loiseau, the head of Societe Generale’s cash equities business, will be the deputy CEO.
The JV is expected to provide premier investment insights into the American, European and Asia Pacific equity markets in addition to unparalleled liquidity access and leading global trading technology. The merged entity will bring complementary strengths and a shared vision of a leading full-service equity brokerage business to support the needs of global investor and issuer clients.
For AB and Societe Generale’s clients, the JV will offer a comprehensive global suite of world-class services across cash equities and research, combined with SCGLY’s integrated equity capital markets, equity derivatives and prime services platforms.
Seth Bernstein, the president and CEO of AllianceBernstein, stated, “In Societe Generale, we have a strategic partner who is committed to strengthening and growing our world-class cash equities and research business.”
Slawomir Krupa, the head of Global Banking and Investor Solutions at Societe Generale, said, ”This partnership with one of the most recognized firms in research and cash equities, combined with our global leadership in equity derivatives, would create an indisputable leader across the equity business for the benefit of our issuer and investor clients.”
Since AllianceBernstein will own less than 50% of the JV, it anticipates deconsolidating Bernstein Research from its financial statements following the completion of the transaction. The deconsolidation is expected to have a modest positive impact on AB’s operating margin.
However, the transaction is not expected to have an impact on AllianceBernstein’s asset management business or Bernstein Private Wealth Management’s business.
Over the past year, shares of AB have lost 26.3% and the SCGLY stock has declined 24.8%.
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Currently, AllianceBernstein carries a Zacks Rank #4 (Sell), while SCGLY carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Of late, finance stocks, especially banks, have been thriving to expand through acquisitions amid a challenging operating environment. Washington Federal, Inc. WAFD announced its plan to enter the lucrative and “fast-growing” California market. The company signed an agreement to acquire Luther Burbank Corporation LBC and its wholly-owned subsidiary, Luther Burbank Savings, for $654 million.
Washington Federal is expected to use the deal as “a platform for growth in attractive California markets.” The company intends to enhance multi-family loan origination capabilities and expand commercial banking activities to Northern and Southern California. At present, LBC operates in California, Washington and Oregon through 11 full-service branches and seven loan production offices.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. AB and Societe Generale SCGLY have decided to form a joint venture (JV) by combining their cash equities and equity research businesses. For AB and Societe Generale’s clients, the JV will offer a comprehensive global suite of world-class services across cash equities and research, combined with SCGLY’s integrated equity capital markets, equity derivatives and prime services platforms. Slawomir Krupa, the head of Global Banking and Investor Solutions at Societe Generale, said, ”This partnership with one of the most recognized firms in research and cash equities, combined with our global leadership in equity derivatives, would create an indisputable leader across the equity business for the benefit of our issuer and investor clients.” | For AB and Societe Generale’s clients, the JV will offer a comprehensive global suite of world-class services across cash equities and research, combined with SCGLY’s integrated equity capital markets, equity derivatives and prime services platforms. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Washington Federal, Inc. (WAFD) : Free Stock Analysis Report Societe Generale Group (SCGLY) : Free Stock Analysis Report Luther Burbank Corporation (LBC) : Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. AB and Societe Generale SCGLY have decided to form a joint venture (JV) by combining their cash equities and equity research businesses. | For AB and Societe Generale’s clients, the JV will offer a comprehensive global suite of world-class services across cash equities and research, combined with SCGLY’s integrated equity capital markets, equity derivatives and prime services platforms. Slawomir Krupa, the head of Global Banking and Investor Solutions at Societe Generale, said, ”This partnership with one of the most recognized firms in research and cash equities, combined with our global leadership in equity derivatives, would create an indisputable leader across the equity business for the benefit of our issuer and investor clients.” Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Washington Federal, Inc. (WAFD) : Free Stock Analysis Report Societe Generale Group (SCGLY) : Free Stock Analysis Report Luther Burbank Corporation (LBC) : Free Stock Analysis Report To read this article on Zacks.com click here. | AllianceBernstein Holding L.P. AB and Societe Generale SCGLY have decided to form a joint venture (JV) by combining their cash equities and equity research businesses. For AB and Societe Generale’s clients, the JV will offer a comprehensive global suite of world-class services across cash equities and research, combined with SCGLY’s integrated equity capital markets, equity derivatives and prime services platforms. Click to get this free report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Washington Federal, Inc. (WAFD) : Free Stock Analysis Report Societe Generale Group (SCGLY) : Free Stock Analysis Report Luther Burbank Corporation (LBC) : Free Stock Analysis Report To read this article on Zacks.com click here. |
21480.0 | 2022-11-22 00:00:00 UTC | Financial Sector Update for 11/22/2022: SNEX,AB,HIFS,NOAH | AB | https://www.nasdaq.com/articles/financial-sector-update-for-11-22-2022%3A-snexabhifsnoah | nan | nan | Financial stocks were finishing near their intra-day highs late in Tuesday trade, with the NYSE Financial Index and the SPDR Financial Select Sector ETF (XLF) both climbing 1.1%.
The Philadelphia Housing Index was adding 1.7% although the SPDR Real Estate Select Sector ETF (XLRE) was just 0.3% higher.
Bitcoin was increasing 2.5% to $16,177, while the yield for 10-year US Treasuries was slipping 6.7 basis points to 3.758%.
In company news, StoneX Group (SNEX) was 5.3% higher shortly after late Monday reporting Q4 net income of $2.49 per share, far ahead of $0.36 a year earlier and exceeding the consensus on Capital IQ of $1.93. Net operating revenue also grew 48% year-over-year to $16.4 million during the three months end Sept. 30.
AllianceBernstein (AB) shares added 2.5% after the asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research.
Hingham Institute for Savings (HIFS) rose 3.2% after the thrift late Monday increased its quarterly dividend by 3% to $0.63 per share and declared a $0.63 per-share special dividend to be paid Jan. 11.
To the downside, Noah Holdings (NOAH) shares slid almost 17% after the Chinese asset manager reported steep declines in adjusted net income and revenue for its Q3 ended Sept. 30 and also slashing its FY22 profit forecast. Excluding one-time items, it is now expecting to earn between 1 billion renminbi and 1.1 billion renminbi this year, below its prior forecast of 1.45 billion renminbi to 1.55 billion renminbi in non-GAAP FY22 net income.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein (AB) shares added 2.5% after the asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. The Philadelphia Housing Index was adding 1.7% although the SPDR Real Estate Select Sector ETF (XLRE) was just 0.3% higher. In company news, StoneX Group (SNEX) was 5.3% higher shortly after late Monday reporting Q4 net income of $2.49 per share, far ahead of $0.36 a year earlier and exceeding the consensus on Capital IQ of $1.93. | AllianceBernstein (AB) shares added 2.5% after the asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. Financial stocks were finishing near their intra-day highs late in Tuesday trade, with the NYSE Financial Index and the SPDR Financial Select Sector ETF (XLF) both climbing 1.1%. In company news, StoneX Group (SNEX) was 5.3% higher shortly after late Monday reporting Q4 net income of $2.49 per share, far ahead of $0.36 a year earlier and exceeding the consensus on Capital IQ of $1.93. | AllianceBernstein (AB) shares added 2.5% after the asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. Financial stocks were finishing near their intra-day highs late in Tuesday trade, with the NYSE Financial Index and the SPDR Financial Select Sector ETF (XLF) both climbing 1.1%. To the downside, Noah Holdings (NOAH) shares slid almost 17% after the Chinese asset manager reported steep declines in adjusted net income and revenue for its Q3 ended Sept. 30 and also slashing its FY22 profit forecast. | AllianceBernstein (AB) shares added 2.5% after the asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. Financial stocks were finishing near their intra-day highs late in Tuesday trade, with the NYSE Financial Index and the SPDR Financial Select Sector ETF (XLF) both climbing 1.1%. The Philadelphia Housing Index was adding 1.7% although the SPDR Real Estate Select Sector ETF (XLRE) was just 0.3% higher. |
21481.0 | 2022-11-22 00:00:00 UTC | Financial Sector Update for 11/22/2022: AB,HIFS,NOAH | AB | https://www.nasdaq.com/articles/financial-sector-update-for-11-22-2022%3A-abhifsnoah | nan | nan | Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index rising 0.8% while the SPDR Financial Select Sector ETF (XLF) was also ahead 0.8%.
The Philadelphia Housing Index was climbing 1% although the SPDR Real Estate Select Sector ETF (XLRE) was just 0.2% higher.
Bitcoin was increasing nearly 1% to $16,132, while the yield for 10-year US Treasuries was slipping 7.3 basis points to 3.76%.
In company news, AllianceBernstein (AB) shares added 3.4% on Tuesday after the US-based asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. Under terms of the preliminary agreement, the French financial services giant will own a 51% stake in the London-based partnership with an option to increase its share to 100% after five years.
Hingham Institute for Savings (HIFS) rose almost 1% after the thrift late Monday increased its quarterly dividend by 3% to $0.63 per share and also declared a $0.63 per share special dividend to be paid Jan. 11.
Noah Holdings (NOAH) shares slid past 16% after the Chinese asset manager reported steep declines in adjusted net income and revenue for its Q3 ended Sept. 30 and also slashing its FY22 profit forecast. Excluding one-time items, it is now expecting to earn between 1 billion renminbi to 1.1 billion renminbi this year compared with its prior forecast range looking for 1.45 billion renminbi to 1.55 billion renminbi in non-GAAP FY22 net income.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In company news, AllianceBernstein (AB) shares added 3.4% on Tuesday after the US-based asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. The Philadelphia Housing Index was climbing 1% although the SPDR Real Estate Select Sector ETF (XLRE) was just 0.2% higher. Under terms of the preliminary agreement, the French financial services giant will own a 51% stake in the London-based partnership with an option to increase its share to 100% after five years. | In company news, AllianceBernstein (AB) shares added 3.4% on Tuesday after the US-based asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index rising 0.8% while the SPDR Financial Select Sector ETF (XLF) was also ahead 0.8%. The Philadelphia Housing Index was climbing 1% although the SPDR Real Estate Select Sector ETF (XLRE) was just 0.2% higher. | In company news, AllianceBernstein (AB) shares added 3.4% on Tuesday after the US-based asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index rising 0.8% while the SPDR Financial Select Sector ETF (XLF) was also ahead 0.8%. Hingham Institute for Savings (HIFS) rose almost 1% after the thrift late Monday increased its quarterly dividend by 3% to $0.63 per share and also declared a $0.63 per share special dividend to be paid Jan. 11. | In company news, AllianceBernstein (AB) shares added 3.4% on Tuesday after the US-based asset manager announced plans to form a joint venture in Europe with Societe Generale operating under the Bernstein name and focusing on cash equities and equity research. Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index rising 0.8% while the SPDR Financial Select Sector ETF (XLF) was also ahead 0.8%. Bitcoin was increasing nearly 1% to $16,132, while the yield for 10-year US Treasuries was slipping 7.3 basis points to 3.76%. |
21482.0 | 2022-11-22 00:00:00 UTC | Financial Sector Update for 11/22/2022: FULT, AB, NOAH, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-11-22-2022%3A-fult-ab-noah-xlf-fas-faz | nan | nan | Financial stocks were climbing premarket Tuesday with the Select Financial Sector SPDR (XLF) recently advancing by 0.59%. The Direxion Daily Financial Bull 3X shares (FAS) were up more than 1%, and bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down over 1%.
Fulton Financial (FULT) was nearly 4% higher after it declared a special cash dividend of $0.06 per share payable on Dec. 15 to shareholders on record on Dec. 1.
AllianceBernstein Holding (AB) was slightly advancing after saying it has agreed to form a joint venture with Societe Generale that will focus on cash equities and equity research.
Noah Holdings (NOAH) was marginally declining after it reported Q3 adjusted earnings of 2.76 renminbi ($0.39) per diluted American depositary share, down from 4.20 renminbi a year earlier.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fulton Financial (FULT) was nearly 4% higher after it declared a special cash dividend of $0.06 per share payable on Dec. 15 to shareholders on record on Dec. 1. AllianceBernstein Holding (AB) was slightly advancing after saying it has agreed to form a joint venture with Societe Generale that will focus on cash equities and equity research. Noah Holdings (NOAH) was marginally declining after it reported Q3 adjusted earnings of 2.76 renminbi ($0.39) per diluted American depositary share, down from 4.20 renminbi a year earlier. | AllianceBernstein Holding (AB) was slightly advancing after saying it has agreed to form a joint venture with Societe Generale that will focus on cash equities and equity research. Fulton Financial (FULT) was nearly 4% higher after it declared a special cash dividend of $0.06 per share payable on Dec. 15 to shareholders on record on Dec. 1. The Direxion Daily Financial Bull 3X shares (FAS) were up more than 1%, and bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down over 1%. | Fulton Financial (FULT) was nearly 4% higher after it declared a special cash dividend of $0.06 per share payable on Dec. 15 to shareholders on record on Dec. 1. AllianceBernstein Holding (AB) was slightly advancing after saying it has agreed to form a joint venture with Societe Generale that will focus on cash equities and equity research. The Direxion Daily Financial Bull 3X shares (FAS) were up more than 1%, and bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down over 1%. | Fulton Financial (FULT) was nearly 4% higher after it declared a special cash dividend of $0.06 per share payable on Dec. 15 to shareholders on record on Dec. 1. AllianceBernstein Holding (AB) was slightly advancing after saying it has agreed to form a joint venture with Societe Generale that will focus on cash equities and equity research. Financial stocks were climbing premarket Tuesday with the Select Financial Sector SPDR (XLF) recently advancing by 0.59%. |
21483.0 | 2022-11-22 00:00:00 UTC | Societe Generale, AllianceBernstein To Form JV To Boost Growth In Cash Equities | AB | https://www.nasdaq.com/articles/societe-generale-alliancebernstein-to-form-jv-to-boost-growth-in-cash-equities | nan | nan | (RTTNews) - French Financial services major Societe Generale (SCGLF.PK, SCGLY.PK) and AllianceBernstein (AB), an investment management and research firm, announced Tuesday their plans to form a joint venture to accelerate growth in cash equities.
In the JV, the companies will combine their cash equities and equity research businesses.
Bernstein Research Services' premier global equity research and execution platform will be combined with Societe Generale's equity research and execution capabilities.
The proposed deal has received the support of Societe Generale's and AllianceBernstein's Boards of Directors.
The closing is expected to occur before the end of 2023. The transaction is subject to workers council consultation, approval of regulators, and customary closing conditions.
Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years. The business would be run as a long-term partnership under the Bernstein name, headquartered in London.
Upon closing, Robert van Brugge, CEO of Bernstein Research Services, would become CEO of the new entity for an initial term of five years, and Stephane Loiseau, Head of Societe Generale's cash equities business, would become Deputy CEO.
The new joint venture is expected to offer a comprehensive global suite of world-class services across cash equities and research, combined with Societe Generale's integrated equity capital markets, equity derivatives and prime services platforms.
The joint venture would provide premier investment insights into the American, European and Asia Pacific equity markets.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - French Financial services major Societe Generale (SCGLF.PK, SCGLY.PK) and AllianceBernstein (AB), an investment management and research firm, announced Tuesday their plans to form a joint venture to accelerate growth in cash equities. Bernstein Research Services' premier global equity research and execution platform will be combined with Societe Generale's equity research and execution capabilities. Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years. | Bernstein Research Services' premier global equity research and execution platform will be combined with Societe Generale's equity research and execution capabilities. (RTTNews) - French Financial services major Societe Generale (SCGLF.PK, SCGLY.PK) and AllianceBernstein (AB), an investment management and research firm, announced Tuesday their plans to form a joint venture to accelerate growth in cash equities. In the JV, the companies will combine their cash equities and equity research businesses. | Bernstein Research Services' premier global equity research and execution platform will be combined with Societe Generale's equity research and execution capabilities. (RTTNews) - French Financial services major Societe Generale (SCGLF.PK, SCGLY.PK) and AllianceBernstein (AB), an investment management and research firm, announced Tuesday their plans to form a joint venture to accelerate growth in cash equities. Upon closing, Robert van Brugge, CEO of Bernstein Research Services, would become CEO of the new entity for an initial term of five years, and Stephane Loiseau, Head of Societe Generale's cash equities business, would become Deputy CEO. | (RTTNews) - French Financial services major Societe Generale (SCGLF.PK, SCGLY.PK) and AllianceBernstein (AB), an investment management and research firm, announced Tuesday their plans to form a joint venture to accelerate growth in cash equities. Bernstein Research Services' premier global equity research and execution platform will be combined with Societe Generale's equity research and execution capabilities. In the JV, the companies will combine their cash equities and equity research businesses. |
21484.0 | 2022-11-22 00:00:00 UTC | SocGen and Alliance Bernstein announce new joint venture | AB | https://www.nasdaq.com/articles/socgen-and-alliance-bernstein-announce-new-joint-venture | nan | nan | PARIS, Nov 22 (Reuters) - French bank Societe Generale SOGN.PA and U.S. investment management company Alliance Bernstein AB.N announced plans on Tuesday to form a joint venture focusing on global cash equities and equity research.
Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years, added the French bank.
(Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan)
((sudip.kargupta@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | PARIS, Nov 22 (Reuters) - French bank Societe Generale SOGN.PA and U.S. investment management company Alliance Bernstein AB.N announced plans on Tuesday to form a joint venture focusing on global cash equities and equity research. Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years, added the French bank. (Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | PARIS, Nov 22 (Reuters) - French bank Societe Generale SOGN.PA and U.S. investment management company Alliance Bernstein AB.N announced plans on Tuesday to form a joint venture focusing on global cash equities and equity research. Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years, added the French bank. (Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | PARIS, Nov 22 (Reuters) - French bank Societe Generale SOGN.PA and U.S. investment management company Alliance Bernstein AB.N announced plans on Tuesday to form a joint venture focusing on global cash equities and equity research. Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years, added the French bank. (Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | PARIS, Nov 22 (Reuters) - French bank Societe Generale SOGN.PA and U.S. investment management company Alliance Bernstein AB.N announced plans on Tuesday to form a joint venture focusing on global cash equities and equity research. Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years, added the French bank. (Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
21485.0 | 2022-11-15 00:00:00 UTC | T. Rowe Price (TROW) Gains 17% on October AUM Rise to $1.28T | AB | https://www.nasdaq.com/articles/t.-rowe-price-trow-gains-17-on-october-aum-rise-to-%241.28t | nan | nan | T. Rowe Price Group, Inc.’s TROW shares have gained 17% since the company reported preliminary assets under management (AUM) of $1.28 trillion as of Oct 31, 2022. This reflects a 4.1% increase from the prior month’s $1.23 trillion.
Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion for October 2022 and $11 billion for the year-to-date period ended Oct 31, 2022.
T. Rowe Price’s total U.S. mutual fund balance was $638 billion, up 3.9% from the September 2022 level. Of the total U.S. mutual funds balance, almost 80% comprised investments in equity and blended assets, while the remaining came from fixed income, including the money market portfolio.
T. Rowe Price’s total sub-advised and separate accounts, and other investment products were worth $642 billion, marking 4.2% growth from the prior month. Of this, equity and blended assets, accounting for $464 billion, were up 6.4% sequentially. While fixed-income products, including the money market, constituted $135 billion (down 1.5% sequentially), alternative products aggregated $43 billion (flat sequentially) of total other investment portfolios.
Additionally, TROW registered $327 billion in target date retirement portfolios, which rose 5.1% from the previous month.
TROW remains focused on its long-term strategies for delivering outstanding investment performance. The company also assumes that focusing on fundamentals will accelerate its effort to meet clients’ expectations. Given the upbeat market performance, the overall AUM balance for October improved from the prior month.
Over the past six months, shares of T. Rowe Price have gained 3.7% compared with the industry’s increase of 19.9%.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1,318.4 billion for October 2022. This reflects a 1.6% increase from $1,297.4 billion recorded as of Jun 30, 2022.
The rise in BEN’s AUM balance was primarily driven by an upbeat market performance, partially offset by long-term net outflows, including the previously-disclosed $2.1 billion fixed-income institutional redemption that had minimal impacts on revenues.
AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel.
AllianceBernstein’s global reach and solid asset balances are likely to continue to boost top-line growth.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. |
21486.0 | 2022-11-14 00:00:00 UTC | Lazard's (LAZ) October AUM Rises 3.4% on Market Appreciation | AB | https://www.nasdaq.com/articles/lazards-laz-october-aum-rises-3.4-on-market-appreciation | nan | nan | Lazard Ltd. LAZ recorded a 3.4% increase in preliminary assets under management (AUM) as of Oct 31, 2022, from the previous month’s reading. The total AUM balance aggregated $204.58 billion, marking an increase from the $197.76 billion reported in September.
The October AUM entailed a market appreciation of $8 billion, a positive foreign-exchange impact of $0.6 billion and net outflows of $1.8 billion.
Lazard’s equity AUM for October rose 4.2% from the prior month to $160.2 billion. Also, fixed-income AUM of $39 billion increased 1.8% sequentially. However, Other assets declined 6.5% to $5.3 billion.
Lazard is expected to capitalize on organic growth, highlighted by a robust revenue growth trend, which might get support from any improvement in the AUM balance. Investment in the Asset Management segment, aimed at scaling the platform and introducing investment strategies to enhance Lazard's competitive edge, is another strategic fit.
However, increased dependence on advisory revenues and continued net outflows over the past months are major concerns.
The stock has rallied 20.1% over the past six months compared with a 19.9% rise witnessed by the industry.
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Currently, Lazard carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1,318.4 billion for October 2022. This reflects a 1.6% increase from $1,297.4 billion recorded as of Jun 30, 2022.
The rise in BEN’s AUM balance was primarily driven by an upbeat market performance, partially offset by long-term net outflows, including the previously-disclosed $2.1 billion fixed-income institutional redemption that had minimal impacts on revenues.
AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel.
AllianceBernstein’s global reach and solid asset balances are likely to continue to boost top-line growth.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. | AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. |
21487.0 | 2022-11-14 00:00:00 UTC | Virtus Investment (VRTS) Stock Gains 7.8% on October AUM Rise | AB | https://www.nasdaq.com/articles/virtus-investment-vrts-stock-gains-7.8-on-october-aum-rise | nan | nan | Shares of Virtus Investment Partners, Inc. VRTS gained 7.8% following the release of its preliminary assets under management (AUM) balance for October 2022. The company reported month-end AUM of $149.5 billion, which reflected a rise of 3.1% from Sep 30, 2022.
Excluded from the above-mentioned AUM balance is $2.5 billion of other fee-earning assets to which Virtus Investment provided services.
At October end, Virtus Investment’s Open-End Funds balance increased 1.7% from the end of the previous month to $55.4 billion. Retail Separate Accounts’ balances of $5.2 billion increased 5.5% from the prior month.
Institutional Accounts’ balance rose 3% to $48.4 billion. Also, the Closed-End Funds’ balance increased 3.1% sequentially to $10.5 billion.
Elevated operating expenses are expected to hurt Virtus Investment’s bottom line to an extent in the near term. Nonetheless, its integrated multi-boutique business model in a rapidly growing industry might support its performance.
Over the past year, shares of Virtus Investment have lost 38.9% compared with a decline of 18.1% of the industry.
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Currently, Virtus Investment carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Competitive Landscape
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1,318.4 billion for October 2022. This reflects a 1.6% increase from $1,297.4 billion recorded as of Jun 30, 2022.
The rise in BEN’s AUM balance was primarily driven by an upbeat market performance, partially offset by long-term net outflows, including the previously-disclosed $2.1 billion fixed-income institutional redemption that had minimal impacts on revenues.
AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel.
AllianceBernstein’s global reach and solid asset balances are likely to continue to boost top-line growth.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Excluded from the above-mentioned AUM balance is $2.5 billion of other fee-earning assets to which Virtus Investment provided services. AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. | Excluded from the above-mentioned AUM balance is $2.5 billion of other fee-earning assets to which Virtus Investment provided services. AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. | Excluded from the above-mentioned AUM balance is $2.5 billion of other fee-earning assets to which Virtus Investment provided services. AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. Excluded from the above-mentioned AUM balance is $2.5 billion of other fee-earning assets to which Virtus Investment provided services. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. |
21488.0 | 2022-11-10 00:00:00 UTC | Invesco (IVZ) October AUM Rises 2.8% on Favorable Markets | AB | https://www.nasdaq.com/articles/invesco-ivz-october-aum-rises-2.8-on-favorable-markets | nan | nan | Invesco IVZ announced preliminary assets under management (AUM) for October 2022. The company’s month-end AUM of $1,360.6 billion represented an increase of 2.8% from the previous month.
AUM was positively impacted by favorable market returns, which increased it by $32 billion. However, the company experienced net long-term outflows of $1.1 billion and non-management fee-earning net outflows of $2 billion. Nevertheless, money market net inflows were $9.7 billion.
Because of foreign exchange rate movements, AUM declined by $1.7 billion.
Invesco’s preliminary average total AUM in the quarter through Oct 31 was $1,345.9 billion and preliminary average active AUM summed $921.6 billion.
At the end of the reported month, the company’s Equity AUM was $626.5 billion, up 4.9% from the previous month. Alternatives AUM increased 1.2% sequentially to $188 billion.
Money Market AUM improved 5.3% from the prior-month end to $181.3 billion. Balanced AUM for October was $62.4 billion, decreasing 1.9% from the September 2022 end. Fixed Income AUM of $302.4 billion was down 1%.
Invesco’s strong global presence, solid AUM balance and initiatives to capitalize on investors’ demand for different investment strategies poise it well for growth.
However, despite the cost-saving efforts, the company’s expenses have been elevated due to its inorganic growth initiatives and investments in franchise. Higher costs will likely hurt profitability to an extent in the near term.
Over the past year, shares of Invesco have lost 38.3% compared with a decline of 25.8% of the industry.
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Currently, Invesco carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources BEN reported preliminary AUM of $1,318.4 billion for October 2022. This indicated a rise of 1.6% from the Sep 30, 2022 level.
For Franklin, the increase in the reported month’s AUM reflected the impact of positive markets, partially offset by long-term net outflows, which included the previously disclosed $2.1 billion fixed-income institutional redemption that had minimal impact on revenues.
AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel.
AllianceBernstein’s global reach and solid asset balances are likely to continue to boost top-line growth.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AB’s AUM increase was driven by market appreciation, partially offset by net outflows in each channel. AUM was positively impacted by favorable market returns, which increased it by $32 billion. Higher costs will likely hurt profitability to an extent in the near term. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AUM was positively impacted by favorable market returns, which increased it by $32 billion. Higher costs will likely hurt profitability to an extent in the near term. | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AUM was positively impacted by favorable market returns, which increased it by $32 billion. Higher costs will likely hurt profitability to an extent in the near term. | AllianceBernstein Holding L.P.’s AB AUM of $627 billion for October 2022 represented a rise of 2.3% from $613 billion recorded at the end of the prior month. AUM was positively impacted by favorable market returns, which increased it by $32 billion. Higher costs will likely hurt profitability to an extent in the near term. |
21489.0 | 2022-11-10 00:00:00 UTC | AllianceBernstein (AB) Stock Up 1.7% as October AUM Rises | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-stock-up-1.7-as-october-aum-rises | nan | nan | Shares of AllianceBernstein Holding L.P. AB gained 1.7% in after-hours trading following the announcement of assets under management (AUM) for October 2022. The company’s preliminary month-end AUM of $627 billion increased 2.3% from the end of September 2022.
Market appreciation resulted in the rise in AB’s AUM balance. This was partly offset by total firm-wide net outflows.
At the end of October, AllianceBernstein’s Equity AUM grew 5.9% sequentially to $270 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) rose 3.7% to $113 billion. On the other hand, Fixed Income AUM of $244 billion declined 2% from the end of September 2022.
In terms of channel, October month-end institutions AUM of $284 billion increased 1.8% from the previous month. Retail AUM was $239 billion, which rose 2.6% from the prior-month end. Private Wealth AUM of $104 billion grew 3%.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth. However, rising operating costs and a challenging operating backdrop are near-term concerns.
Over the past year, shares of the company have lost 36.3% compared with a 25.8% decline of the industry.
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Currently, AllianceBernstein carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Invesco IVZ announced preliminary AUM for October 2022. The company’s month-end AUM of $1,360.6 billion represented an increase of 2.8% from the previous month.
AUM was positively impacted by favorable market returns, which increased it by $32 billion. However, because of unfavorable foreign exchange rate movements, AUM declined $1.7 billion. Also, IVZ experienced net long-term outflows of $1.1 billion and non-management fee earning net outflows of $2 billion. Nevertheless, money market net inflows were $9.7 billion.
Cohen & Steers CNS announced preliminary AUM for October. The AUM balance of $80 billion as of Oct 31, 2022, reflects an increase of almost 1% from the prior-month level.
Market appreciation of $1.5 billion supported the rise in Cohen & Steers’ AUM balance, partially offset by net inflows of $570 million and distributions of $172 million.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of AllianceBernstein Holding L.P. AB gained 1.7% in after-hours trading following the announcement of assets under management (AUM) for October 2022. Market appreciation resulted in the rise in AB’s AUM balance. AUM was positively impacted by favorable market returns, which increased it by $32 billion. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Shares of AllianceBernstein Holding L.P. AB gained 1.7% in after-hours trading following the announcement of assets under management (AUM) for October 2022. Market appreciation resulted in the rise in AB’s AUM balance. | Shares of AllianceBernstein Holding L.P. AB gained 1.7% in after-hours trading following the announcement of assets under management (AUM) for October 2022. Market appreciation resulted in the rise in AB’s AUM balance. AUM was positively impacted by favorable market returns, which increased it by $32 billion. | Shares of AllianceBernstein Holding L.P. AB gained 1.7% in after-hours trading following the announcement of assets under management (AUM) for October 2022. Market appreciation resulted in the rise in AB’s AUM balance. AUM was positively impacted by favorable market returns, which increased it by $32 billion. |
21490.0 | 2022-11-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 11/6/2022 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-11-6-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield.
ESSENT GROUP LTD (ESNT) is a mid-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on John Neff is 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Essent Group Ltd. is a holding company, which, through its wholly owned subsidiaries, offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. In addition to offering mortgage insurance, it provides contract underwriting services on a limited basis through CUW Solutions, LLC. It provides risk management products to mortgage lenders and investors to support homeownership. It offers private capital to bear mortgage credit risk, enabling lenders and mortgage investors to make mortgage financing available for homeowners. Its products and services include mortgage insurance, which includes private mortgage insurance, primary and pool; contract underwriting and Bermuda-Based insurance and reinsurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: FAIL
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of ESSENT GROUP LTD
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PINNACLE FINANCIAL PARTNERS INC (PNFP) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on John Neff is 81% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pinnacle Financial Partners, Inc. is a financial holding company. The Company operates through its wholly owned subsidiary, Pinnacle Bank (the Bank). The Bank is a Tennessee state-chartered bank. The Bank offers a full range of lending products, including commercial, real estate and consumer loans to individuals, businesses and professional entities. The Bank is also focused on offering core deposits, including savings, checking, noninterest-bearing checking, interest-bearing checking, money market and certificate of deposit accounts, including access to products offered through various IntraFi Network Deposit programs. It also offers a range of treasury management and remote deposit services, including online wire origination, zero balance and sweep accounts, automated bill pay services, and lockbox processing. It operates approximately 118 offices, including 49 in Tennessee, 37 in North Carolina, 20 in South Carolina, nine in Virginia, two in Georgia and one in Alabama.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of PINNACLE FINANCIAL PARTNERS INC
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ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities. It expands its private markets platform through CarVal Investors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
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CREDIT ACCEPTANCE CORP. (CACC) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Credit Acceptance Corporation is engaged in offering financing programs that enable automobile dealers to sell vehicles to consumers. The Company's financing programs are offered through a network of automobile dealers. The Company offers two financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers, which is referred to as dealer loan in exchange for the right to service the underlying consumer Loans. Under the Purchase Program, the Company buys the consumer loans from the dealers, which is referred to as a purchased loan and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of CREDIT ACCEPTANCE CORP.
Full Guru Analysis for CACC>
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JANUS HENDERSON GROUP PLC (JHG) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on John Neff is 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Janus Henderson Group PLC is an independent global asset manager. The Company specializes in active investment across all asset classes. It operates through the investment management business segment. The Company manages a range of actively managed investment products for institutional and retail investors across five capabilities: Equities, Fixed Income, Multi-Asset, Quantitative Equities and Alternatives. It operates across various product lines, distribution channels and geographic regions. The Company conducts its operations in North America, the United Kingdom (UK), continental Europe, Latin America, Japan, Asia and Australia.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of JANUS HENDERSON GROUP PLC
Full Guru Analysis for JHG>
Full Factor Report for JHG>
More details on Validea's John Neff strategy
About John Neff: While known as the manager with whom many top managers entrusted their own money, Neff was far from the smooth-talking, high-profile Wall Streeter you might expect. He was mild-mannered and low-key, and the same might be said of the Windsor Fund that he managed for more than three decades. In fact, Neff himself described the fund as "relatively prosaic, dull, [and] conservative." There was nothing dull about his results, however. From 1964 to 1995, Neff guided Windsor to a 13.7 percent average annual return, easily outpacing the S&P 500's 10.6 percent return during that time. That 3.1 percentage point difference is huge over time -- a $10,000 investment in Windsor (with dividends reinvested) at the start of Neff's tenure would have ended up as more than $564,000 by the time he retired, more than twice what the same investment in the S&P would have yielded (about $233,000). Considering the length of his tenure, that track record may be the best ever for a manager of such a large fund.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. |
21491.0 | 2022-10-28 00:00:00 UTC | AllianceBernstein Holding Q3 22 Earnings Conference Call At 10:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-q3-22-earnings-conference-call-at-10%3A00-am-et | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 28, 2022, to discuss Q3 22 earnings results.
To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations.html
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 28, 2022, to discuss Q3 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations.html The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 28, 2022, to discuss Q3 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations.html The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 28, 2022, to discuss Q3 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations.html The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Oct. 28, 2022, to discuss Q3 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations.html The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
21492.0 | 2022-10-28 00:00:00 UTC | AllianceBernstein Q3 Profit Falls, But Beats Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-q3-profit-falls-but-beats-estimates | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB), an asset management firm, on Friday posted a decline in earnings for the third-quarter, reflecting a fall in revenues, primarily due to lower investment advisory base fees, distribution revenues, Bernstein Research revenues and performance-based fees.
In addition, excluding items, the company's earnings beat the Street view.
For the third-quarter ended on September 30, the Nashville-headquartered firm posted earnings of $175.180 million or $0.56 per unit, compared with $264.695 million or $0.89 per unit of last year.
Excluding items, earnings were $0.64 per unit, compared with $0.89 per unit in the third quarter of 2021.
Five analysts, on average, polled by Thomson-Reuters were expecting the company to report earnings per unit of $0.57. Analysts' estimates typically exclude one-time items.
Operating earnings declined to $ 170.305 million from last year's $279.650 million.
Total net revenues also fell to $986.984 million for the quarter from $1.092 billion during the corresponding period last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - AllianceBernstein Holding L.P. (AB), an asset management firm, on Friday posted a decline in earnings for the third-quarter, reflecting a fall in revenues, primarily due to lower investment advisory base fees, distribution revenues, Bernstein Research revenues and performance-based fees. In addition, excluding items, the company's earnings beat the Street view. Five analysts, on average, polled by Thomson-Reuters were expecting the company to report earnings per unit of $0.57. | (RTTNews) - AllianceBernstein Holding L.P. (AB), an asset management firm, on Friday posted a decline in earnings for the third-quarter, reflecting a fall in revenues, primarily due to lower investment advisory base fees, distribution revenues, Bernstein Research revenues and performance-based fees. For the third-quarter ended on September 30, the Nashville-headquartered firm posted earnings of $175.180 million or $0.56 per unit, compared with $264.695 million or $0.89 per unit of last year. Excluding items, earnings were $0.64 per unit, compared with $0.89 per unit in the third quarter of 2021. | (RTTNews) - AllianceBernstein Holding L.P. (AB), an asset management firm, on Friday posted a decline in earnings for the third-quarter, reflecting a fall in revenues, primarily due to lower investment advisory base fees, distribution revenues, Bernstein Research revenues and performance-based fees. For the third-quarter ended on September 30, the Nashville-headquartered firm posted earnings of $175.180 million or $0.56 per unit, compared with $264.695 million or $0.89 per unit of last year. Excluding items, earnings were $0.64 per unit, compared with $0.89 per unit in the third quarter of 2021. | (RTTNews) - AllianceBernstein Holding L.P. (AB), an asset management firm, on Friday posted a decline in earnings for the third-quarter, reflecting a fall in revenues, primarily due to lower investment advisory base fees, distribution revenues, Bernstein Research revenues and performance-based fees. In addition, excluding items, the company's earnings beat the Street view. For the third-quarter ended on September 30, the Nashville-headquartered firm posted earnings of $175.180 million or $0.56 per unit, compared with $264.695 million or $0.89 per unit of last year. |
21493.0 | 2022-10-21 00:00:00 UTC | EXCLUSIVE-Credit Suisse U.S. asset manager draws interest from Janus, Blue Owl, others -sources | AB | https://www.nasdaq.com/articles/exclusive-credit-suisse-u.s.-asset-manager-draws-interest-from-janus-blue-owl-others | nan | nan | By Pamela Barbaglia, David French and Anirban Sen
Oct 21 (Reuters) - Money managers such as Janus Henderson Group JHG.N and investment firms including Blue Owl Capital Inc OWL.N are weighing potential offers for Credit Suisse Group AG's CSGN.S U.S. asset management unit, people familiar with the matter said on Friday.
The Swiss bank is seeking buyers for the business as part of a multi-pronged effort to revise its strategy and raise capital following a string of scandals and financial setbacks.
Janus and rival asset manager AllianceBernstein Holding AB.N, and Blue Owl as well as private equity firms Centerbridge Partners and Clearlake Capital are considering bids, the sources said.
Other asset managers considering participating in Credit Suisse's auction process include Ameriprise Financial Inc AMP.N and Invesco Ltd IVZ.N, one of the sources added.
The unit may fetch around $2 billion in a sale, according to the sources, who cautioned that no deal is certain. They requested anonymity because the matter is confidential.
Credit Suisse, Blue Owl, Clearlake, Invesco and Janus Henderson declined to comment. AllianceBernstein, Ameriprise, and Centerbridge did not immediately respond to a comment request.
Asset management firms have often turned to dealmaking to boost their scale, helping to address pressures from competition and fee depression from the shift towards more passive investing methods.
Janus Henderson emerged in 2017 from the combination of Janus Capital Group and Henderson Group, and Blue Owl was formed last year from the three-way merging of Owl Rock Capital Group, Dyal Capital Partners and a blank check firm.
Meanwhile, both Ameriprise and Invesco have been active buyers of asset managers in recent years.
Minneapolis-based Ameriprise acquired much of Bank of Montreal's BMO.TO business last year for 615 million pounds ($695.1 million), while Invesco has completed deals including for OppenheimerFunds from Massachusetts Mutual Life Insurance Company in 2019.
Credit Suisse has been looking to shed a number of underperforming businesses ahead of its closely-watched strategic review update next week.
Earlier on Friday, the bank agreed to sell its 8.6% stake in fund distribution firm Allfunds Group ALLFG.AS for 334 million euros ($329.2 million) and its stake in Energy Infrastructure Partners to EIP's managing partners for an undisclosed amount.
($1 = 1.0145 euros)
($1 = 0.8847 pounds)
(Reporting by Pamela Barbaglia in London and David French and Anirban Sen in New York; Editing by David Gregorio)
((davidj.french@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Janus and rival asset manager AllianceBernstein Holding AB.N, and Blue Owl as well as private equity firms Centerbridge Partners and Clearlake Capital are considering bids, the sources said. The Swiss bank is seeking buyers for the business as part of a multi-pronged effort to revise its strategy and raise capital following a string of scandals and financial setbacks. Asset management firms have often turned to dealmaking to boost their scale, helping to address pressures from competition and fee depression from the shift towards more passive investing methods. | Janus and rival asset manager AllianceBernstein Holding AB.N, and Blue Owl as well as private equity firms Centerbridge Partners and Clearlake Capital are considering bids, the sources said. By Pamela Barbaglia, David French and Anirban Sen Oct 21 (Reuters) - Money managers such as Janus Henderson Group JHG.N and investment firms including Blue Owl Capital Inc OWL.N are weighing potential offers for Credit Suisse Group AG's CSGN.S U.S. asset management unit, people familiar with the matter said on Friday. Credit Suisse, Blue Owl, Clearlake, Invesco and Janus Henderson declined to comment. | Janus and rival asset manager AllianceBernstein Holding AB.N, and Blue Owl as well as private equity firms Centerbridge Partners and Clearlake Capital are considering bids, the sources said. By Pamela Barbaglia, David French and Anirban Sen Oct 21 (Reuters) - Money managers such as Janus Henderson Group JHG.N and investment firms including Blue Owl Capital Inc OWL.N are weighing potential offers for Credit Suisse Group AG's CSGN.S U.S. asset management unit, people familiar with the matter said on Friday. Janus Henderson emerged in 2017 from the combination of Janus Capital Group and Henderson Group, and Blue Owl was formed last year from the three-way merging of Owl Rock Capital Group, Dyal Capital Partners and a blank check firm. | Janus and rival asset manager AllianceBernstein Holding AB.N, and Blue Owl as well as private equity firms Centerbridge Partners and Clearlake Capital are considering bids, the sources said. By Pamela Barbaglia, David French and Anirban Sen Oct 21 (Reuters) - Money managers such as Janus Henderson Group JHG.N and investment firms including Blue Owl Capital Inc OWL.N are weighing potential offers for Credit Suisse Group AG's CSGN.S U.S. asset management unit, people familiar with the matter said on Friday. Other asset managers considering participating in Credit Suisse's auction process include Ameriprise Financial Inc AMP.N and Invesco Ltd IVZ.N, one of the sources added. |
21494.0 | 2022-10-21 00:00:00 UTC | Implied Volatility Surging for AllianceBernstein (AB) Stock Options | AB | https://www.nasdaq.com/articles/implied-volatility-surging-for-alliancebernstein-ab-stock-options | nan | nan | Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 21, 2022 $25.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for AllianceBernstein shares, but what is the fundamental picture for the company? Currently, AllianceBernstein is a Zacks Rank #5 (Strong Sell) in the Financial - Investment Management industry that ranks in the Bottom 15% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 63 cents per share to 60 cents in that period.
Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Given the way analysts feel about AllianceBernstein right now, this huge implied volatility could mean there’s a trade developing. Investors in AllianceBernstein AB need to pay close attention to the stock based on moves in the options market lately. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report |
21495.0 | 2022-10-12 00:00:00 UTC | Financial Sector Update for 10/12/2022: AB, UVE, JPM, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-10-12-2022%3A-ab-uve-jpm-xlf-fas-faz | nan | nan | Financial stocks were declining pre-bell Wednesday as the Select Financial Sector SPDR (XLF) was slipping by 0.05% recently. The Direxion Daily Financial Bull 3X shares (FAS) were down 0.39%, and bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 0.20% higher.
AllianceBernstein Holding (AB) reported preliminary assets under management of $613 billion as of Sept. 30, down from $667 billion at the end of August. Separately, the company named Erin Bigley as its chief responsibility officer. AllianceBernstein was more than 4% higher recently.
Universal Insurance Holdings (UVE) was up more than 3% after saying it expects its overall gross ultimate loss from Hurricane Ian to be about $1 billion, well below its $3 billion reinsurance tower, with projected net exposure limited to retentions at its insurance and captive insurance entity units.
JPMorgan Chase (JPM) was marginally higher after saying it will extend philanthropic commitments of $3 million each for five organizations to grow the number of climate-resilient affordable housing models.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | JPMorgan Chase (JPM) was marginally higher after saying it will extend philanthropic commitments of $3 million each for five organizations to grow the number of climate-resilient affordable housing models. AllianceBernstein Holding (AB) reported preliminary assets under management of $613 billion as of Sept. 30, down from $667 billion at the end of August. Universal Insurance Holdings (UVE) was up more than 3% after saying it expects its overall gross ultimate loss from Hurricane Ian to be about $1 billion, well below its $3 billion reinsurance tower, with projected net exposure limited to retentions at its insurance and captive insurance entity units. | AllianceBernstein Holding (AB) reported preliminary assets under management of $613 billion as of Sept. 30, down from $667 billion at the end of August. Universal Insurance Holdings (UVE) was up more than 3% after saying it expects its overall gross ultimate loss from Hurricane Ian to be about $1 billion, well below its $3 billion reinsurance tower, with projected net exposure limited to retentions at its insurance and captive insurance entity units. JPMorgan Chase (JPM) was marginally higher after saying it will extend philanthropic commitments of $3 million each for five organizations to grow the number of climate-resilient affordable housing models. | Universal Insurance Holdings (UVE) was up more than 3% after saying it expects its overall gross ultimate loss from Hurricane Ian to be about $1 billion, well below its $3 billion reinsurance tower, with projected net exposure limited to retentions at its insurance and captive insurance entity units. AllianceBernstein Holding (AB) reported preliminary assets under management of $613 billion as of Sept. 30, down from $667 billion at the end of August. JPMorgan Chase (JPM) was marginally higher after saying it will extend philanthropic commitments of $3 million each for five organizations to grow the number of climate-resilient affordable housing models. | AllianceBernstein Holding (AB) reported preliminary assets under management of $613 billion as of Sept. 30, down from $667 billion at the end of August. Universal Insurance Holdings (UVE) was up more than 3% after saying it expects its overall gross ultimate loss from Hurricane Ian to be about $1 billion, well below its $3 billion reinsurance tower, with projected net exposure limited to retentions at its insurance and captive insurance entity units. JPMorgan Chase (JPM) was marginally higher after saying it will extend philanthropic commitments of $3 million each for five organizations to grow the number of climate-resilient affordable housing models. |
21496.0 | 2022-10-12 00:00:00 UTC | Zacks.com featured highlights include Terns Pharmaceuticals, AllianceBernstein Holding and ALLETE | AB | https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-terns-pharmaceuticals-alliancebernstein-holding-and | nan | nan | For Immediate Release
Chicago, IL – October 12, 2022 – Stocks in this week’s article are Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE.
3 Stocks for Higher Returns as New Analysts Initiate Coverage
As analysts are the key information intermediaries in capital markets, initiation of coverage by them offers critical information on a stock that is of great value to investors.
Terns Pharmaceuticals, Inc., AllianceBernstein Holding L.P. and ALLETE, Inc. are a few stocks that have witnessed new analyst coverage lately. These, therefore, are expected to attract investor attention.
Coverage initiation by analyst(s) on a stock portrays higher investor inclination. Investors, on their part, often assume there is something special in a stock to attract analysts’ interest. In other words, they believe that the company coming under coverage has value that can’t be ignored.
Obviously, stocks are not randomly chosen to cover. New coverage usually reflects a reassuring future envisioned by the analyst(s). At times, increased investors’ focus on a stock motivates analysts to take a closer look at it. After all, who doesn’t love to produce something that is already in demand? Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks.
It is worth mentioning here that the average change in broker recommendation is always preferred over a single recommendation change.
New Analyst Coverage & Impact on Price Movement
The price movement of a stock is the function of the recommendations on it from new analysts. Typically, stocks see an upward price movement on new analyst coverage compared to what was witnessed with a rating upgrade under an existing coverage. Positive recommendations — Buy and Strong Buy — generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.
Meanwhile, investors start paying more attention to the stock (that has very few or no existing coverage) on which an analyst provides a new recommendation. Also, any new information attracts portfolio managers to build a position in the stock.
Below, we have selected three stocks that have seen increased analyst coverage over the last few weeks.
Here are three out of the six stocks that passed the screen:
Terns Pharmaceuticals: This is a clinical-stage biopharmaceutical company based in Foster City, CA. Terns Pharmaceuticals engages in the development of small-molecule single-agent and combination therapy candidates for the treatment of non-alcoholic steatohepatitis and obesity.
TERN stock currently carries a Zacks Rank #2 (Buy). The stock has gained 122.2% over the past six months against the industry’s 16.2% decline. Loss estimates for 2022 have narrowed to $2.10 per share from $2.18 over the past 30 days. The estimated figure calls for a 5% improvement from the year-ago period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AllianceBernstein: This is a New York, NY-based publicly owned company that provides diversified investment management services to its clients.
AB currently carries a Zacks Rank #3 (Hold). The stock has declined 26.2% over the past six months, underperforming the industry’s 18.1% decline. Nonetheless, earnings estimates for 2022 have increased to $2.97 per share from $2.85 over the past 60 days, depicting analysts’ optimism over the company's prospects.
ALLETE: Headquartered in Duluth, MN, ALLETE is an energy company operating through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments.
ALE currently carries a Zacks Rank #3. The stock has declined 24.3% over the past six months, underperforming the industry’s 21.5% decline. Nonetheless, earnings estimates for 2022 have increased to $3.74 per share from $3.73 over the past 30 days, depicting analysts’ optimism over the company prospects.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1990198/3-stocks-for-higher-returns-as-new-analysts-initiate-coverage
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Strong Stocks that Should Be in the News
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5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
Allete, Inc. (ALE): Free Stock Analysis Report
Terns Pharmaceuticals, Inc. (TERN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – October 12, 2022 – Stocks in this week’s article are Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE. Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. AB currently carries a Zacks Rank #3 (Hold). | For Immediate Release Chicago, IL – October 12, 2022 – Stocks in this week’s article are Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. | For Immediate Release Chicago, IL – October 12, 2022 – Stocks in this week’s article are Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE. Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. AB currently carries a Zacks Rank #3 (Hold). | For Immediate Release Chicago, IL – October 12, 2022 – Stocks in this week’s article are Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE. Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. AB currently carries a Zacks Rank #3 (Hold). |
21497.0 | 2022-10-11 00:00:00 UTC | 3 Stocks for Higher Returns as New Analysts Initiate Coverage | AB | https://www.nasdaq.com/articles/3-stocks-for-higher-returns-as-new-analysts-initiate-coverage | nan | nan | As analysts are the key information intermediaries in capital markets, initiation of coverage by them offers critical information on a stock that is of great value to investors.
Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE are a few stocks that have witnessed new analyst coverage lately. These, therefore, are expected to attract investor attention.
Coverage initiation by analyst(s) on a stock portrays higher investor inclination. Investors, on their part, often assume there is something special in a stock to attract analysts’ interest. In other words, they believe that the company coming under coverage has value that can’t be ignored.
Obviously, stocks are not randomly chosen to cover. New coverage usually reflects a reassuring future envisioned by the analyst(s). At times, increased investors’ focus on a stock motivates analysts to take a closer look at it. After all, who doesn’t love to produce something that is already in demand? Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks.
It is worth mentioning here that the average change in broker recommendation is always preferred over a single recommendation change.
New Analyst Coverage & Impact on Price Movement
The price movement of a stock is the function of the recommendations on it from new analysts. Typically, stocks see an upward price movement on new analyst coverage compared to what was witnessed with a rating upgrade under an existing coverage. Positive recommendations — Buy and Strong Buy — generally lead to a significantly positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.
Meanwhile, investors start paying more attention to the stock (that has very few or no existing coverage) on which an analyst provides a new recommendation. Also, any new information attracts portfolio managers to build a position in the stock.
Below, we have selected three stocks that have seen increased analyst coverage over the last few weeks.
Screening Criteria
Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago (this will shortlist stocks that have recent new coverage).
Average Broker Rating less than Average Broker Rating four weeks ago (“less than” means “better than” four weeks ago).
Increased analyst coverage and improving average rating are the primary criteria of this strategy but one should also consider other relevant parameters to make it foolproof.
Here are the other screening parameters:
Price greater than or equal to $5 (as a stock below $5 will not likely create significant interest for most investors).
Average Daily Volume greater than or equal to 100,000 shares (if the volume isn’t enough, it will not attract individual investors).
Here are three out of the six stocks that passed the screen:
Terns Pharmaceuticals: This is a clinical-stage biopharmaceutical company based in Foster City, CA. Terns Pharmaceuticals engages in the development of small-molecule single-agent and combination therapy candidates for the treatment of non-alcoholic steatohepatitis and obesity.
TERN stock currently carries a Zacks Rank #2 (Buy). The stock has gained 122.2% over the past six months against the industry’s 16.2% decline. Loss estimates for 2022 have narrowed to $2.10 per share from $2.18 over the past 30 days. The estimated figure calls for a 5% improvement from the year-ago period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AllianceBernstein: This is a New York, NY-based publicly owned company that provides diversified investment management services to its clients.
AB currently carries a Zacks Rank #3 (Hold). The stock has declined 26.2% over the past six months, underperforming the industry’s 18.1% decline. Nonetheless, earnings estimates for 2022 have increased to $2.97 per share from $2.85 over the past 60 days, depicting analysts’ optimism over the company prospects.
ALLETE: Headquartered in Duluth, MN, ALLETE is an energy company operating through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments.
ALE currently carries a Zacks Rank #3. The stock has declined 24.3% over the past six months, underperforming the industry’s 21.5% decline. Nonetheless, earnings estimates for 2022 have increased to $3.74 per share from $3.73 over the past 30 days, depicting analysts’ optimism over the company prospects.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
Allete, Inc. (ALE): Free Stock Analysis Report
Terns Pharmaceuticals, Inc. (TERN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE are a few stocks that have witnessed new analyst coverage lately. Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. AB currently carries a Zacks Rank #3 (Hold). | Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE are a few stocks that have witnessed new analyst coverage lately. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. | Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE are a few stocks that have witnessed new analyst coverage lately. Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. AB currently carries a Zacks Rank #3 (Hold). | Terns Pharmaceuticals, Inc. TERN, AllianceBernstein Holding L.P. AB and ALLETE, Inc. ALE are a few stocks that have witnessed new analyst coverage lately. Hence, we often find that analysts’ ratings on newly-added stocks are more favorable than ratings on continuously covered stocks. AB currently carries a Zacks Rank #3 (Hold). |
21498.0 | 2022-10-06 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 10/6/2022 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-10-6-2022 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ANGLOGOLD ASHANTI LIMITED (ADR) (AU) is a mid-cap value stock in the Gold & Silver industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AngloGold Ashanti Limited (AngloGold Ashanti) is an independent, global gold mining company with a diverse portfolio of operations, projects and exploration activities across eight countries on four continents. The Company's principal product is gold. It also produces silver in Argentina and sulfuric acid in Brazil as by-products. The Company operates through three segments: Africa, Australia and Americas. It has operations in Africa in locations, including Democratic Republic of the Congo, Ghana, Guinea and Tanzania. The Americas segment includes the operations in Argentina, Brazil and Colombia. Its portfolio consists of Cerro Vanguardia SA, AGA Mineracao, Serra Grande, Greenfields projects, Iduapriem, Siguiri, Geita, Kibali, Obuasi and Sunrise Dam. Geita, is located in north-western Tanzania, in the Lake Victoria goldfields of the Mwanza region, about 120 kilometers (km) from Mwanza and four km west of the town of Geita. Kibali is situated adjacent to the town of Doko.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ANGLOGOLD ASHANTI LIMITED (ADR)
Full Guru Analysis for AU
Full Factor Report for AU
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities. It expands its private markets platform through CarVal Investors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: FAIL
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. | A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. |
21499.0 | 2022-09-27 00:00:00 UTC | Validea Warren Buffett Strategy Daily Upgrade Report - 9/27/2022 | AB | https://www.nasdaq.com/articles/validea-warren-buffett-strategy-daily-upgrade-report-9-27-2022 | nan | nan | The following are today's upgrades for Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Warren Buffett changed from 72% to 79% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities. It expands its private markets platform through CarVal Investors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: FAIL
RETURN ON ASSETS: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
More details on Validea's Warren Buffett strategy
Warren Buffett Stock Ideas
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. | Private Wealth Management services its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities. Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP Full Guru Analysis for AB Full Factor Report for AB More details on Validea's Warren Buffett strategy Warren Buffett Stock Ideas About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. | Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP Full Guru Analysis for AB Full Factor Report for AB More details on Validea's Warren Buffett strategy Warren Buffett Stock Ideas About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. | This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. |
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