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21500.0 | 2022-09-23 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 9/23/2022 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-9-23-2022 | 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.
FORMULA SYSTEMS (1985) LTD. (ADR) (FORTY) is a small-cap growth stock in the Software & Programming 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: Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. The Company operates through two segments: software services and IT professional services. The software services segment develops markets, sells and supports an application platform, software applications, business and process integration solutions, and related services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FORMULA SYSTEMS (1985) LTD. (ADR)
Full Guru Analysis for FORTY
Full Factor Report for FORTY
BREAD FINANCIAL HOLDINGS INC (BFH) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 76% 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: Bread Financial Holdings, Inc., formerly Alliance Data Systems Corporation, is a tech-forward financial services company. It provides simple, personalized payment, lending and saving solutions, including proprietary direct-to-consumer credit cards and deposits. It also offers a digitally enabled, white-label product suite that includes private label and co-brand credit cards, installment loans and buy now, pay later (BNPL). It also offers direct-to-consumer solutions that give customers more access, choice, and freedom through its branded payment, lending, and saving products. It provides a Comenity Mastercard credit card that helps customers to get cashback rewards, paid as a statement credit, with every Comenity Mastercard credit card purchase. Its Bread SplitPay is a buy now, pay later (BNPL) option allowing the customers to split up their purchase into four equal, interest-free payments over six weeks using their credit or debit card. offers its services to merchants and shoppers.
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: PASS
YIELD COMPARED TO THE S&P 500: FAIL
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of BREAD FINANCIAL HOLDINGS INC
Full Guru Analysis for BFH
Full Factor Report for BFH
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
ASML HOLDING NV (ADR) (ASML) is a large-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% 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: ASML Holding N.V. is a holding company based in the Netherlands. The Company operates through its subsidiaries in the Netherlands, the United States, Italy, France, Germany, the United Kingdom, Ireland, Belgium, South Korea, Taiwan, Singapore, China, Hong Kong, Japan, Malaysia and Israel. The Company operates through one business segment which is engage in development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems, consisting of lithography, metrology and inspection systems. The Company offers TWINSCAN systems, equipped with lithography system with a mercury lamp as light source (i-line), Krypton Fluoride (KrF) and Argon Fluoride (ArF) light sources for processing wafers for manufacturing environments for which imaging at a small resolution is required. TWINSCAN systems also include immersion lithography systems (TWINSCAN immersion systems).
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 ASML HOLDING NV (ADR)
Full Guru Analysis for ASML
Full Factor Report for ASML
DESIGNER BRANDS INC (DBI) is a small-cap value stock in the Retail (Apparel) 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: Designer Brands Inc. is a designers, producers and retailers of footwear and accessories. The Company operates through three segments. The U.S. Retail segment operates the DSW Designer Shoe Warehouse (DSW) banner through its direct-to-consumer United States stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. Together, the U.S. Retail and Canada Retail segments are referred to as the retail segments. The Brand Portfolio segment is engaged in the selling of wholesale products to retailers, commissions for serving retailers as the design and buying agent for products under private labels, First Cost, and the sale of branded products through its direct-to-consumer e-commerce site at www.vincecamuto.com. Its DSW banner provides footwear and accessory brands, which offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DESIGNER BRANDS INC
Full Guru Analysis for DBI
Full Factor Report for DBI
SOCIEDAD QUIMICA Y MINERA DE CHILE (ADR) (SQM) is a large-cap value stock in the Chemical Manufacturing industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Specialty plant nutrients are fertilizers that enable farmers to improve yields and the quality of certain crops. Industrial chemicals have a range of applications in chemical processes, such as the manufacturing of glass and industrial nitrates. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others. Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world.
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: PASS
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SOCIEDAD QUIMICA Y MINERA DE CHILE (ADR)
Full Guru Analysis for SQM
Full Factor Report for SQM
STATE STREET CORP (STT) is a large-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs custody and related value-added functions, such as providing institutional investors with clearing, settlement and payment services. It operates through State Street Institutional Services, State Street Global Markets, State Street Digital and Charles River Development. Its Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies 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.
SALES: PASS
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of STATE STREET CORP
Full Guru Analysis for STT
Full Factor Report for STT
CASEY'S GENERAL STORES INC (CASY) is a mid-cap growth stock in the Retail (Grocery) industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% 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: Casey's General Stores, Inc. and its subsidiaries, primarily operate convenience stores under the names Casey's and Caseys General Store in 16 states, primarily in Iowa, Illinois, and Missouri. Caseys provides freshly prepared foods. Guests can have pizza, donuts, other assorted bakery items, and a selection of beverages and snacks. Its convenience stores carry a selection of food, (including freshly prepared foods such as pizza, donuts, and sandwiches), beverages, tobacco and nicotine products, health and beauty aids, automotive products, and other non-food items. In addition, all but four offer fuel for sale on a self-service basis. Its GoodStop brand offers fuel for sale on a self-serve basis, and a range of selection of snacks, beverages, tobacco products, and other essentials. It also operates two stores selling primarily tobacco and nicotine products, one liquor-only store, and one grocery store. It operates approximately 2,452 stores. It operates three distribution centers.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CASEY'S GENERAL STORES INC
Full Guru Analysis for CASY
Full Factor Report for CASY
LXP INDUSTRIAL TRUST (LXP) is a mid-cap value stock in the Real Estate Operations 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: LXP Industrial Trust is a real estate investment trust (REIT). It is focused on single-tenant warehouse and distribution investments across the United States. Primarily all its business is conducted through wholly owned subsidiaries, but it conducts a portion of its business through an operating partnership subsidiary, Lepercq Corporate Income Fund L.P. (LCIF). It provides capital to merchant builders by providing construction financing and/or a takeout for build-to-suit projects, speculative development properties and recently developed properties with vacancy. Its target markets are in the Sunbelt and the Midwest. Its target markets in the Sunbelt are Phoenix, Dallas-Fort Worth, Memphis, Atlanta, Savannah, Greenville-Spartanburg, and Central Florida. Its target markets in the Midwest are in Illinois, Indiana and Ohio, with a particular focus on the lower Midwest markets of Cincinnati, Columbus and Indianapolis. It has equity ownership interests in about 121 real estate properties.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of LXP INDUSTRIAL TRUST
Full Guru Analysis for LXP
Full Factor Report for LXP
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. |
21501.0 | 2022-09-22 00:00:00 UTC | Relative Strength Alert For AllianceBernstein Holding | AB | https://www.nasdaq.com/articles/relative-strength-alert-for-alliancebernstein-holding | 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 $39.73 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 26.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 37.8. 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 2.84/share (currently paid in quarterly installments) works out to an annual yield of 6.96% based upon the recent $40.78 share price.
A bullish investor could look at AB's 26.9 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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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 26.9 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 $39.73 per share. | Indeed, AB's recent annualized dividend of 2.84/share (currently paid in quarterly installments) works out to an annual yield of 6.96% based upon the recent $40.78 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 $39.73 per share. | Free Report: Top 7%+ Dividends (paid monthly) Click here to find out what 9 other oversold dividend stocks you need to know about » 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 $39.73 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 $39.73 per share. |
21502.0 | 2022-09-15 00:00:00 UTC | Lazard's (LAZ) August AUM Slips 3.6% on Market Depreciation | AB | https://www.nasdaq.com/articles/lazards-laz-august-aum-slips-3.6-on-market-depreciation | nan | nan | Lazard Ltd. LAZ recorded a 3.6% decline in preliminary assets under management (AUM) as of Aug 31, 2022, from the previous month’s reading. The total AUM balance aggregated $216.9 billion, marking a decrease from the $225 billion reported in July.
The August AUM entailed a market depreciation of $5.2 billion, a negative foreign-exchange impact of $2.2 billion and net outflows of $0.7 billion.
Lazard’s equity AUM for August declined 4.3% from the prior month to $170.6 billion. Also, fixed-income AUM of $40.1 billion fell 1.4% sequentially. However, Other assets rose 2.1% to $6.2 billion.
Lazard is expected to capitalize on its forte of organic growth, highlighted by a robust revenue growth trend, which might get support from any improvement in the AUM balance. Also, investment in the Asset Management segment, aimed at scaling the platform and introducing investment strategies to enhance Lazard's competitive edge, is a strategic fit. However, increased dependence on advisory revenues and continued net outflows over the past months are major concerns.
The stock has rallied 5.8% over the past six months against a 10.1% decline 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
Cohen & Steers CNS reported a preliminary AUM of $89.8 billion as of Aug 31, 2022. This reflects a decrease of 4.5% from the prior month.
The fall in CNS’ AUM balance was mainly due to market depreciation of $4.2 billion and distributions of $180 million. However, this was partly offset by net inflows of $197 million.
AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. This reflects a fall of 3.2% from the end of July 2022.
Market depreciation resulted in a decline in AB’s AUM balance. However, this was partially offset by total firm-wide net inflows.
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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. | AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. Market depreciation resulted in a decline in AB’s AUM balance. 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. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. Market depreciation resulted in a decline in AB’s AUM balance. | AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. Market depreciation resulted in a decline in AB’s AUM balance. 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. | AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. Market depreciation resulted in a decline in AB’s AUM balance. 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. |
21503.0 | 2022-09-13 00:00:00 UTC | Invesco's (IVZ) August AUM Down on Unfavorable Market Returns | AB | https://www.nasdaq.com/articles/invescos-ivz-august-aum-down-on-unfavorable-market-returns | nan | nan | Invesco IVZ announced preliminary assets under management (“AUM”) for August 2022. The company’s month-end AUM of $1,416 billion represented a 2.3% decline from the prior month's end.
For August, IVZ’s AUM was adversely impacted by unfavorable market returns. This lowered the AUM balance by $30 billion. Likewise, unfavorable foreign exchange rate movements lowered the month’s AUM balance by $7.2 billion.
Invesco recorded net long-term inflows of $2.7 billion, and money market net inflows were $2.5 billion. Meanwhile, non-management fee-earning net outflows were $0.7 billion.
Invesco’s preliminary average total AUM in the quarter through Aug 31 was $1,429.7 billion and preliminary average active AUM was $969.1 billion.
At the end of August, IVZ’s Equity AUM was $666.2 billion, decreasing 4% from the previous month. Balanced AUM was $69.2 billion, falling 3.9% from July 2022-end. Fixed Income AUM of $313.8 billion declined modestly.
Alternatives AUM fell 1.4% to $196.4 billion. However, Money Market AUM rose 1.1% from the prior month’s end to $170.4 billion.
Invesco’s global presence and solid AUM balance position it well for growth. Its diverse product offerings and alternative investment strategies are expected to continue attracting investors. However, elevated expenses are a major near-term concern for the company.
Over the past year, shares of Invesco have declined 28.6% compared with the 19.4% decline of the industry.
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Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Cohen & Steers CNS reported preliminary AUM of $89.8 billion as of Aug 31, 2022. This reflects a decrease of 4.5% from the prior-month level.
The fall in CNS’ AUM balance was mainly due to market depreciation of $4.2 billion and distributions of $180 million. However, this was partly offset by net inflows of $197 million.
AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. This reflects a fall of 3.2% from the end of July 2022.
Market depreciation resulted in a decline in AB’s AUM balance. However, this was partially offset by total firm-wide net inflows.
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Invesco Ltd. (IVZ): 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. | Likewise, unfavorable foreign exchange rate movements lowered the month’s AUM balance by $7.2 billion. For August, IVZ’s AUM was adversely impacted by unfavorable market returns. AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report For August, IVZ’s AUM was adversely impacted by unfavorable market returns. Likewise, unfavorable foreign exchange rate movements lowered the month’s AUM balance by $7.2 billion. | For August, IVZ’s AUM was adversely impacted by unfavorable market returns. Likewise, unfavorable foreign exchange rate movements lowered the month’s AUM balance by $7.2 billion. AllianceBernstein Holding L.P.’s AB preliminary month-end AUM was $667 billion. | Market depreciation resulted in a decline in AB’s AUM balance. For August, IVZ’s AUM was adversely impacted by unfavorable market returns. Likewise, unfavorable foreign exchange rate movements lowered the month’s AUM balance by $7.2 billion. |
21504.0 | 2022-09-08 00:00:00 UTC | Pre-Market Earnings Report for September 9, 2022 : KR, ABM | AB | https://www.nasdaq.com/articles/pre-market-earnings-report-for-september-9-2022-%3A-kr-abm-0 | nan | nan | The following companies are expected to report earnings prior to market open on 09/09/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Kroger Company (KR)is reporting for the quarter ending July 31, 2022. The supermarket company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.82. This value represents a 2.50% increase compared to the same quarter last year. In the past year KR has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 13.28%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for KR is 12.61 vs. an industry ratio of 18.10.
ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2022. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.91. This value represents a 1.11% increase compared to the same quarter last year. In the past year ABM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5.95%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.53 vs. an industry ratio of 24.10.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2022. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.53 vs. an industry ratio of 24.10. | Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.53 vs. an industry ratio of 24.10. ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2022. In the past year ABM has beat the expectations every quarter. | In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.53 vs. an industry ratio of 24.10. ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2022. | In the past year ABM has beat the expectations every quarter. ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.53 vs. an industry ratio of 24.10. |
21505.0 | 2022-09-05 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 9/5/2022 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-9-5-2022 | 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
Full Guru Analysis for ESNT>
Full Factor Report for ESNT>
HORIZON BANCORP INC (HBNC) is a small-cap value stock in the Regional 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: Horizon Bancorp, Inc. is a bank holding company. The Company provides a range of banking services in northern and central Indiana and southern and central Michigan through its subsidiaries, Horizon Bank (the Bank) and Horizon Risk Management, Inc. The Company operates through the commercial banking segment. The Bank is a full-service commercial bank that offers a range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Bank maintains approximately 78 full-service offices. Its wholly owned subsidiary, Horizon Risk Management, Inc., is a captive insurance company. Its loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. It deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market and time 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: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of HORIZON BANCORP INC
Full Guru Analysis for HBNC>
Full Factor Report for HBNC>
PREFERRED BANK (PFBC) is a small-cap value stock in the Regional 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: Preferred Bank is an independent commercial bank focusing primarily on the California market. The Bank provides a range of financial services. The Bank offers a range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals. The Bank conducts its banking business from its main office in Los Angeles, California, and through 11 full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco) and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston, Texas suburb of Sugar Land. Its business activities come from the mainstream markets of Southern and Northern California.
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 PREFERRED BANK
Full Guru Analysis for PFBC>
Full Factor Report for PFBC>
PINNACLE FINANCIAL PARTNERS INC (PNFP) is a mid-cap value stock in the Regional 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
Full Guru Analysis for PNFP>
Full Factor Report for PNFP>
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
Full Guru Analysis for AB>
Full Factor Report for AB>
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. |
21506.0 | 2022-09-02 00:00:00 UTC | 7 Best Nancy Pelosi Stocks to Buy Now | AB | https://www.nasdaq.com/articles/7-best-nancy-pelosi-stocks-to-buy-now | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Editor’s note: This article is regularly updated with the latest information.
It’s been a rough time for investors on Wall Street lately, and the pain has shown no signs of slowing down. So, why not take a look at where politicians are putting their money to spark your own investing ideas — specifically, Nancy Pelosi stocks?
This is a great source of information, as investments made by politicians like the Speaker of the House are public information. And why wouldn’t you want to know where they are investing?
Well, this has been a hot topic for some time. And in February, Congress moved to ban its members from trading stocks — even after “months of resistance” from Pelosi.
7 Dividend Stocks to Buy and Hold Forever
Overall, though, this isn’t about what side of the aisle you’re on. It’s about looking at some of the best investments you can make based on the Speaker of the House’s financial moves. So, here are the best Nancy Pelosi stocks to consider.
Nancy Pelosi Stocks to Buy: Microsoft (MSFT)
Source: Asif Islam / Shutterstock.com
One of the biggest technology firms in the world, Microsoft (NASDAQ:MSFT) is a vital component of the business ecosystem. Speaking as a contributor for many financial publications, I really couldn’t do what I do without Microsoft’s Software as a Service (SaaS) solutions.
With that in mind, it appears the top policymakers in Washington feel the same way. MSFT stock is one of the recent names to pop up on the list of best Nancy Pelosi stocks to buy, with the House Speaker purchasing (on May 24) 50 call options with a strike price of $180 and an expiration date June 16, 2023.
On a year-to-date (YTD) basis, MSFT stock is down about 22%. However, intrepid investors may want to consider loading up. Fundamentally, the underlying company’s pertinence to the burgeoning gig economy makes MSFT stock a smart bet for long-term investors.
Apple (AAPL)
Source: Moab Republic / Shutterstock
Consistently leading the class of consumer technology giants, Apple (NASDAQ:AAPL) is one of the most powerful brands in the world. Consumers everywhere flock to its iPhones and other smart devices at launch. What distinguishes Apple from the copycat competition is its connected ecosystem, which in my opinion is unparalleled. Like Microsoft, Apple features both personal and professional applications, making AAPL stock a solid bet for the set-it-and-forget-it crowd.
Perhaps unsurprisingly, it’s also one of the best Nancy Pelosi stocks. According to records provided by the Clerk of the House of Representatives, the lawmaker purchased 150 AAPL stock call options in May of this year. On May 13, she acquired 100 $80 calls with an expiration date of March 17, 2023. On May 24, Pelosi bought 50 $80 calls expiring on June 16, 2023.
7 Blue-Chip Stocks to Buy and Hold for the Long-Haul
Under the current environment, AAPL stock is admittedly tricky. With consumer sentiment in the toilet, I’m not sure if the discretionary retail segment will hold up well. Still, Apple is proving incredibly resilient thus far — and that helps the case of it being a stock to buy.
Nancy Pelosi Stocks to Buy: Tesla (TSLA)
Source: Rokas Tenys / Shutterstock.com
Fundamentally, the inclusion of Tesla (NASDAQ:TSLA) among Nancy Pelosi stocks is hardly a shocker. For years, the Democrats championed initiatives designed to foster environmental justice. As a solution, electric vehicles are appealing — although to be fair, they alone are not a panacea.
According to the U.S. Energy Information Administration, natural gas was the largest source — approximately 38% — of U.S. electricity generation in 2021. Of course, natural gas is a hydrocarbon. So, until the electricity that we produce is increasingly geared toward net-clean emissions sources, in some ways, we’re rearranging deck chairs on the Titanic.
Still, the House Speaker does like TSLA a lot. On March 17 of this year, she exercised 25 call options — or 2,500 shares — of TSLA at a strike price of $500. Even with the losses that Tesla has suffered – it’s down almost 32% YTD – Pelosi is well in the money.
So, with volatility potentially dying down, bold speculators may want to take a shot.
AllianceBernstein (AB)
Source: rblfmr / Shutterstock.com
If you’re thinking the list of Nancy Pelosi stocks above isn’t high-brow enough, AllianceBernstein (NYSE:AB) might change your opinion. As a global asset management firm, AllianceBernstein provides investment management and research services worldwide to institutional, high-net-worth and retail investors. While it might not strike you as an exciting idea, it could be surprisingly relevant.
Throughout 2020 and 2021, social media luminaries gifted the blogosphere with all kinds of unsolicited investment advice. However, their bullish calls largely tended to be correct only because we were in a unique bull market cycle. Now that we might be entering a bearish cycle — or at least an unpredictable market — sophisticated private investors like Nancy Pelosi need real guidance.
7 Stocks to Buy That Could Make You a Millionaire
With AB, you’re getting quality information and management services from experts who understand how to navigate portfolios through both optimistic and pessimistic phases. This period is where we separate the men from the boys, if you’ll excuse the gender-specific classic idiom. And that’s where AllianceBernstein might shine.
Nancy Pelosi Stocks to Buy: Disney (DIS)
Source: ilikeyellow / Shutterstock.com
Sometimes, not every decision that rich powerbrokers make is immediately profitable. A case in point is entertainment giant Disney (NYSE:DIS). Ranking as one of the Nancy Pelosi stocks to buy early this year, the House Speaker exercised 100 DIS call options at a strike price of $100 on Jan. 21.
As you can tell from the technical chart for Disney stock, this wasn’t the greatest move — yet. For one thing, shares are down 28% for the year. However, they’re now trading above the strike price at $112.
Granted, this decision carried risk. As I mentioned earlier, consumer sentiment is in the toilet, largely because inflation is eroding the purchasing power of the U.S. dollar. However, demand for experiences and making new memories has increased due to the collective cabin fever that has built up over the past two years.
So, if you want to play this social dynamic, DIS stock could fit the bill nicely.
PayPal (PYPL)
Source: JHVEPhoto / Shutterstock.com
A blistering performer throughout the bulk of the new normal, PayPal (NASDAQ:PYPL) is emblematic of the harsh reality check the tech sector suffered this year. Indeed, since the beginning of January, PYPL stock has hemorrhaged 53% of its market value. And for once, when politicians say they can feel your pain, they’re not lying.
Earlier this year, PYPL was one of the best Nancy Pelosi stocks. The House Speaker was apparently very confident about the underlying company’s prospects, exercising 50 PYPL call options with a strike price of $100 early this year. However, PYPL stock is currently trading just above $91. Thus, it’s not exactly a heartwarming situation.
However, PayPal has significant implications regarding the gig economy, which is a sector projected to grow to $455 billion by the end of 2023. With people getting a taste of the gig life through work-from-home initiatives, this estimate might be conservative.
7 Auto Stocks to Buy and Hold Forever
In turn, all of this bodes well for PYPL stock — making it one to keep on your watch list.
Nancy Pelosi Stocks to Buy: American Express (AXP)
Source: First Class Photography / Shutterstock.com
Finally, the last name on this list of Nancy Pelosi stocks to consider is American Express (NYSE:AXP). One of the most recognizable payment cards, American Express has a clear advantage in that its user base largely caters to a wealthier spectrum. Therefore, even if the economy — particularly the consumer economy — takes a hit, AXP stock might be able to weather the storm.
Certainly, the House Speaker will be hoping so. In her case, however, she’s not under pressure like a few of her other holdings. On Jan. 21 of this year, Pelosi exercised 50 AXP $80 call options. Considering shares are at $151 today, this position is well in the money.
I must admit I personally have some hesitation about buying stocks that are tied to the consumer discretionary sector. Nevertheless, with American Express cardholders on average doing better than most, AXP stock might be worth a look.
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 Best Nancy Pelosi Stocks to Buy Now 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. | 7 Stocks to Buy That Could Make You a Millionaire With AB, you’re getting quality information and management services from experts who understand how to navigate portfolios through both optimistic and pessimistic phases. The House Speaker was apparently very confident about the underlying company’s prospects, exercising 50 PYPL call options with a strike price of $100 early this year. 7 Dividend Stocks to Buy and Hold Forever Overall, though, this isn’t about what side of the aisle you’re on. | 7 Dividend Stocks to Buy and Hold Forever Overall, though, this isn’t about what side of the aisle you’re on. It’s about looking at some of the best investments you can make based on the Speaker of the House’s financial moves. On a year-to-date (YTD) basis, MSFT stock is down about 22%. | 7 Dividend Stocks to Buy and Hold Forever Overall, though, this isn’t about what side of the aisle you’re on. It’s about looking at some of the best investments you can make based on the Speaker of the House’s financial moves. On a year-to-date (YTD) basis, MSFT stock is down about 22%. | 7 Dividend Stocks to Buy and Hold Forever Overall, though, this isn’t about what side of the aisle you’re on. It’s about looking at some of the best investments you can make based on the Speaker of the House’s financial moves. On a year-to-date (YTD) basis, MSFT stock is down about 22%. |
21507.0 | 2022-09-01 00:00:00 UTC | Citigroup's Russia exit removes one obstacle for CEO, but challenges remain | AB | https://www.nasdaq.com/articles/citigroups-russia-exit-removes-one-obstacle-for-ceo-but-challenges-remain | nan | nan | By Saeed Azhar
NEW YORK, Sept 1 (Reuters) - In less than two years at the helm of Citigroup Inc C.N, Jane Fraser has unveiled plans to exit Russia in a bid to pare down risky assets and cull consumer businesses in 13 other countries to focus on multinational companies and the wealthy.
Still, analysts and a key investor say while the company is going in the right direction, the first female chief executive officer of a major Wall Street bank faces a monumental turnaround effort ahead.
The foremost task for Fraser is addressing urgent demand from U.S. regulators to overhaul its risk management systems, a problem amplified by a botched transfer of nearly $900 million to lenders of struggling cosmetics firm Revlon two years ago.
She also has to simplify Citigroup's business structure and exploit its competitive advantages with a core group of institutional and retail clients to boost medium-term returns.
Analysts warn these targets risk depressing earnings in the short-term as the bank ramps up investment spending and are further challenged by the deteriorating economic environment.
But some investors are showing patience with Fraser's strategy to make the bank nimbler by refocusing on key businesses, like its treasury and wealth-management units, which benefit from the company's global reach. Fraser has said she wants to win more business from multinational companies that engage in cross-border transactions, while beefing up the company's business catering to wealthy people.
"We like Jane a lot. We think she is a change agent and laid out a very logical strategy that we're confident she can achieve over time," said Joe Pittman, an analyst at activist investor Harris Associates, the sixth-biggest shareholder of Citi, according to Refinitiv data.
"The company is significantly undervalued," he said.
By one measure of valuation, Citigroup shares trade at 0.5 times price-to-book on a forward 12-month basis, significantly below the banking industry's average of 1.07 times, according to Refinitiv data. JPMorgan JPM.N trades at 1.2 and Bank of America BAC.N trades at 1.04.
Citi declined to comment on its strategic plans beyond pointing to comments made during investor day in March and other investor events.
Fraser inherited a litany of long-standing problems when she took over from Michael Corbat, who ran the bank from 2012 to early 2021. Her job was made even more difficult this year after economic sanctions on Russia prompted Citi, the largest Wall Street bank to have a presence in the country, to wind down its consumer and local commercial business there instead of a sale.
Mike Mayo, banking analyst at Wells Fargo, called Citi's Russia exit "good riddance" but noted the news was negative on the margins as a buyer would have been better.
TURNAROUND
Fraser had long been a star at Citigroup before she became CEO. A former partner at consulting firm McKinsey, she joined Citi in 2004 and helped the company to recover from the 2008 financial crisis after it got a $45 billion bailout. Fraser spent years climbing the ranks as an executive, running Citi's private bank, then its Latin America operations and consumer division.
"Now what you need to do is apply that turnaround knowledge to Citi as a whole," said Jason Goldberg, an analyst at Barclays. "It's not going to happen overnight."
Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank.
"The capital ratios are rising, the liquidity is like any other bank in the United States right now - they are awash with liquidity. I think bondholders can be patient," Nerby said.
Patience may be required to address one of the company's biggest challenges: orders from U.S. banking regulators to overhaul its risk management systems. In 2020, The Federal Reserve ordered Citi to correct several "longstanding deficiencies" in internal controls, while the Office of the Comptroller of the Currency (OCC) imposed a $400 million fine.
"There are not many banks facing this kind of upheaval,” said a banking expert, who asked not to be identified.
Citi is ramping up spending on technology that it can use to evaluate its risks and prevent future mistakes. Karen Peetz, who joined Citi in 2020, is leading the program.
Citigroup submitted its plan to regulators last year laying out how it planned to address the consent orders, the company said in March. It's refining and carrying out the plan with urgency, Peetz said at the time. "There's several things they need to do. These include satisfying the consent orders as those tend to be costly and take time, improving the ROTCE (return on tangible equity), and getting through the divestitures," said Goldberg at Barclays.
"The biggest risk would be a more challenging-than-anticipated economic backdrop."
Federal Reserve chairman Jerome Powell warned last week that Americans are headed for a painful period of slow economic growth and possibly rising joblessness as the Fed raises interest rates to fight high inflation.
A sputtering economy could pose yet another challenge for Fraser, who has shown willingness to tackle problems head-on.
"When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. "And what matters for a bank heading into recession? Capital, liquidity, credit quality and reserves. And we feel very good about all four of them."
10-year growth rate of Citigroup shares vs peers https://tmsnrt.rs/3e7L3f1
Citigroup says will close Russian consumer, commercial business
Powell sees pain ahead as Fed sticks to the fast lane to beat inflation
(Reporting by Saeed Azhar; Additional reporting by Manya Saini in Bengaluru; Editing by Lananh NGuyen and Edward Tobin)
((Saeed.Azhar@thomsonreuters.com; +1 347 908-6341; Reuters Messaging: saeed.azhar.reuters.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. | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." |
21508.0 | 2022-09-01 00:00:00 UTC | ANALYSIS-Citigroup's Russia exit removes one obstacle for CEO, but challenges remain | AB | https://www.nasdaq.com/articles/analysis-citigroups-russia-exit-removes-one-obstacle-for-ceo-but-challenges-remain | nan | nan | By Saeed Azhar
NEW YORK, Sept 1 (Reuters) - In less than two years at the helm of Citigroup Inc C.N, Jane Fraser has unveiled plans to exit Russia in a bid to pare down risky assets and cull consumer businesses in 13 other countries to focus on multinational companies and the wealthy.
Still, analysts and a key investor say while the company is going in the right direction, the first female chief executive officer of a major Wall Street bank faces a monumental turnaround effort ahead.
The foremost task for Fraser is addressing urgent demand from U.S. regulators to overhaul its risk management systems, a problem amplified by a botched transfer of nearly $900 million to lenders of struggling cosmetics firm Revlon two years ago.
She also has to simplify Citigroup's business structure and exploit its competitive advantages with a core group of institutional and retail clients to boost medium-term returns.
Analysts warn these targets risk depressing earnings in the short-term as the bank ramps up investment spending and are further challenged by the deteriorating economic environment.
But some investors are showing patience with Fraser's strategy to make the bank nimbler by refocusing on key businesses, like its treasury and wealth-management units, which benefit from the company's global reach. Fraser has said she wants to win more business from multinational companies that engage in cross-border transactions, while beefing up the company's business catering to wealthy people.
"We like Jane a lot. We think she is a change agent and laid out a very logical strategy that we're confident she can achieve over time," said Joe Pittman, an analyst at activist investor Harris Associates, the sixth-biggest shareholder of Citi, according to Refinitiv data.
"The company is significantly undervalued," he said.
By one measure of valuation, Citigroup shares trade at 0.5 times price-to-book on a forward 12-month basis, significantly below the banking industry's average of 1.07 times, according to Refinitiv data. JPMorgan JPM.N trades at 1.2 and Bank of America BAC.N trades at 1.04.
Citi declined to comment on its strategic plans beyond pointing to comments made during investor day in March and other investor events.
Fraser inherited a litany of long-standing problems when she took over from Michael Corbat, who ran the bank from 2012 to early 2021. Her job was made even more difficult this year after economic sanctions on Russia prompted Citi, the largest Wall Street bank to have a presence in the country, to wind down its business there instead of a sale.
Mike Mayo, banking analyst at Wells Fargo, called Citi's Russia exit "good riddance" but noted the news was negative on the margins as a buyer would have been better.
TURNAROUND
Fraser had long been a star at Citigroup before she became CEO. A former partner at consulting firm McKinsey, she joined Citi in 2004 and helped the company to recover from the 2008 financial crisis after it got a $45 billion bailout. Fraser spent years climbing the ranks as an executive, running Citi's private bank, then its Latin America operations and consumer division.
"Now what you need to do is apply that turnaround knowledge to Citi as a whole," said Jason Goldberg, an analyst at Barclays. "It's not going to happen overnight."
Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank.
"The capital ratios are rising, the liquidity is like any other bank in the United States right now - they are awash with liquidity. I think bondholders can be patient," Nerby said.
Patience may be required to address one of the company's biggest challenges: orders from U.S. banking regulators to overhaul its risk management systems. In 2020, The Federal Reserve ordered Citi to correct several "longstanding deficiencies" in internal controls, while the Office of the Comptroller of the Currency (OCC) imposed a $400 million fine.
"There are not many banks facing this kind of upheaval,” said a banking expert, who asked not to be identified.
Citi is ramping up spending on technology that it can use to evaluate its risks and prevent future mistakes. Karen Peetz, who joined Citi in 2020, is leading the program.
Citigroup submitted its plan to regulators last year laying out how it planned to address the consent orders, the company said in March. It's refining and carrying out the plan with urgency, Peetz said at the time. "There's several things they need to do. These include satisfying the consent orders as those tend to be costly and take time, improving the ROTCE (return on tangible equity), and getting through the divestitures," said Goldberg at Barclays.
"The biggest risk would be a more challenging-than-anticipated economic backdrop."
Federal Reserve chairman Jerome Powell warned last week that Americans are headed for a painful period of slow economic growth and possibly rising joblessness as the Fed raises interest rates to fight high inflation.
A sputtering economy could pose yet another challenge for Fraser, who has shown willingness to tackle problems head-on.
"When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. "And what matters for a bank heading into recession? Capital, liquidity, credit quality and reserves. And we feel very good about all four of them."
10-year growth rate of Citigroup shares vs peers https://tmsnrt.rs/3e7L3f1
Citigroup says will close Russian consumer, commercial business
Powell sees pain ahead as Fed sticks to the fast lane to beat inflation
(Reporting by Saeed Azhar; Additional reporting by Manya Saini in Bengaluru; Editing by Lananh NGuyen and Edward Tobin)
((Saeed.Azhar@thomsonreuters.com; +1 347 908-6341; Reuters Messaging: saeed.azhar.reuters.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. | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." | Fraser's focus to build a "simpler, sounder bank" makes sense for bondholders, said Peter Nerby, senior vice president financial institutions group at Moody's Investors Service who has a stable outlook for the bank. "When I think about Citi, look, we're prepared for a variety of scenarios," said Fraser during the second-quarterearnings callin July. And we feel very good about all four of them." |
21509.0 | 2022-08-12 00:00:00 UTC | AllianceBernstein (AB) Stock Up 2.3% as July AUM Rises 6.5% | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-stock-up-2.3-as-july-aum-rises-6.5 | nan | nan | Shares of AllianceBernstein Holding L.P. AB have gained 2.3% since the announcement of assets under management (AUM) for July 2022 earlier this week. The company’s preliminary month-end AUM of $689 billion increased 6.5% from the end of June 2022.
Market appreciation and the acquisition of CarVal Investors resulted in the rise in AB’s AUM balance. These were partly offset by total firm-wide net outflows mainly on the back of AXA S.A's ongoing redemption of certain low-fee fixed income mandates.
At the end of July, AllianceBernstein’s Equity AUM grew 7.2% sequentially to $299 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) jumped 15.8% to $117 billion. Fixed Income AUM of $273 billion rose 2.2% from the end of June 2022.
In terms of channel, July month-end institutions AUM of $314 billion increased 7.9% from the previous month. Retail AUM was $265 billion, which rose 5.6% from the prior-month end, while Private Wealth AUM of $110 billion grew 4.8%.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth. However, rising operating costs and a worsening operating backdrop are near-term concerns.
Over the past year, shares of the company have lost 10.8% compared with a 17.5% decline of the industry.
Image Source: Zacks Investment Research
Currently, AllianceBernstein carries a Zacks Rank #5 (Strong Sell).
You can see tthe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Lazard Ltd. LAZ recorded a 3.9% rise in preliminary assets under management (AUM) as of Jul 31, 2022, from the previous month’s reading. The total AUM balance aggregated $225.1 billion, marking an increase from $216.6 billion in June.
LAZ’s July AUM entailed a market appreciation of $9.8 billion, a negative foreign-exchange impact of $1 billion and net outflows of $0.3 billion.
Invesco IVZ announced preliminary AUM for July 2022. The company’s month-end AUM of $1,449 billion represented a 4.2% rise from the prior month's end.
IVZ recorded net long-term outflows of $5.2 billion. Non-management fee-earning net inflows were $1.4 billion and money market net inflows were $5.1 billion. Foreign exchange rate movements did not have any material impact on the month’s AUM balance.
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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 have gained 2.3% since the announcement of assets under management (AUM) for July 2022 earlier this week. Market appreciation and the acquisition of CarVal Investors resulted in the rise in AB’s AUM balance. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Shares of AllianceBernstein Holding L.P. AB have gained 2.3% since the announcement of assets under management (AUM) for July 2022 earlier this week. Market appreciation and the acquisition of CarVal Investors resulted in the rise in AB’s AUM balance. | Shares of AllianceBernstein Holding L.P. AB have gained 2.3% since the announcement of assets under management (AUM) for July 2022 earlier this week. Market appreciation and the acquisition of CarVal Investors resulted in the rise in AB’s AUM balance. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Shares of AllianceBernstein Holding L.P. AB have gained 2.3% since the announcement of assets under management (AUM) for July 2022 earlier this week. Market appreciation and the acquisition of CarVal Investors resulted in the rise in AB’s AUM balance. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report |
21510.0 | 2022-08-03 00:00:00 UTC | Ex-Dividend Reminder: Healthpeak Properties, OceanFirst Financial and AllianceBernstein Holding | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-healthpeak-properties-oceanfirst-financial-and-alliancebernstein | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 8/5/22, Healthpeak Properties Inc (Symbol: PEAK), OceanFirst Financial Corp (Symbol: OCFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Healthpeak Properties Inc will pay its quarterly dividend of $0.30 on 8/19/22, OceanFirst Financial Corp will pay its quarterly dividend of $0.20 on 8/19/22, and AllianceBernstein Holding LP will pay its quarterly dividend of $0.71 on 8/18/22. As a percentage of PEAK's recent stock price of $27.61, this dividend works out to approximately 1.09%, so look for shares of Healthpeak Properties Inc to trade 1.09% lower — all else being equal — when PEAK shares open for trading on 8/5/22. Similarly, investors should look for OCFC to open 0.98% lower in price and for AB to open 1.60% lower, all else being equal.
Below are dividend history charts for PEAK, OCFC, and AB, showing historical dividends prior to the most recent ones declared.
Healthpeak Properties Inc (Symbol: PEAK):
OceanFirst Financial Corp (Symbol: OCFC):
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 4.35% for Healthpeak Properties Inc, 3.92% for OceanFirst Financial Corp, and 6.40% for AllianceBernstein Holding LP.
In Wednesday trading, Healthpeak Properties Inc shares are currently up about 1.1%, OceanFirst Financial Corp shares are off about 0.3%, and AllianceBernstein Holding LP shares are up about 0.9% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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 8/5/22, Healthpeak Properties Inc (Symbol: PEAK), OceanFirst Financial Corp (Symbol: OCFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for OCFC to open 0.98% lower in price and for AB to open 1.60% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 8/5/22, Healthpeak Properties Inc (Symbol: PEAK), OceanFirst Financial Corp (Symbol: OCFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Healthpeak Properties Inc (Symbol: PEAK): OceanFirst Financial Corp (Symbol: OCFC): 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 OCFC to open 0.98% lower in price and for AB to open 1.60% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 8/5/22, Healthpeak Properties Inc (Symbol: PEAK), OceanFirst Financial Corp (Symbol: OCFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Healthpeak Properties Inc (Symbol: PEAK): OceanFirst Financial Corp (Symbol: OCFC): 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 OCFC to open 0.98% lower in price and for AB to open 1.60% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 8/5/22, Healthpeak Properties Inc (Symbol: PEAK), OceanFirst Financial Corp (Symbol: OCFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for OCFC to open 0.98% lower in price and for AB to open 1.60% lower, all else being equal. Below are dividend history charts for PEAK, OCFC, and AB, showing historical dividends prior to the most recent ones declared. |
21511.0 | 2022-07-29 00:00:00 UTC | AllianceBernstein Holding Q2 22 Earnings Conference Call At 10:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-q2-22-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 July 29, 2022, to discuss Q2 22 earnings results.
To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html
To listen to the call, dial (888) 222-5992 (US) or +1 (412) 902-6748 (International).
For a replay call, dial (877) 344-7529 (US) or +1 (412) 317-0088 (International) with conference ID#: 3006846..
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 29, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (888) 222-5992 (US) or +1 (412) 902-6748 (International). For a replay call, dial (877) 344-7529 (US) or +1 (412) 317-0088 (International) with conference ID#: 3006846.. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on July 29, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (888) 222-5992 (US) or +1 (412) 902-6748 (International). For a replay call, dial (877) 344-7529 (US) or +1 (412) 317-0088 (International) with conference ID#: 3006846.. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on July 29, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (888) 222-5992 (US) or +1 (412) 902-6748 (International). 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 29, 2022, to discuss Q2 22 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (888) 222-5992 (US) or +1 (412) 902-6748 (International). For a replay call, dial (877) 344-7529 (US) or +1 (412) 317-0088 (International) with conference ID#: 3006846.. |
21512.0 | 2022-07-06 00:00:00 UTC | AllianceBernstein Appoints COO Kate Burke To Addl. Role Of CFO | AB | https://www.nasdaq.com/articles/alliancebernstein-appoints-coo-kate-burke-to-addl.-role-of-cfo | nan | nan | (RTTNews) - Investment management firm AllianceBernstein Holding L.P. (AB) and AllianceBernstein L.P. announced Wednesday it has appointed Kate Burke as Chief Financial Officer, effective immediately. She assumes this role while maintaining her role as Chief Operating Officer.
Burke has stepped down from her role as Head of Bernstein Private Wealth. Onur Erzan, AB's Head of Global Client Group, has been appointed Head of Bernstein Private Wealth, in addition to his Client Group role.
In her dual roles as COO and CFO, Burke will now oversee Finance, Strategy, and Responsibility, while continuing oversight of all corporate functions as COO. She succeeds interim CFO Bill Siemers, who will return to his prior role as Corporate Controller & Chief Accounting Officer and remain on the firm's Operating Committee.
Erzan has been with the firm as Head of Global Client Group since January 2021. Prior to joining AB, he was at McKinsey & Co. for more than 19 years, where he was a senior partner and co-leader of McKinsey's Wealth Management & Asset Management.
Erzan will be responsible for the entire Private Wealth Business, while continuing oversight of Global Client Group, which includes the product and distribution functions for AB's Institutional and Retail businesses.
These leadership changes take effect immediately. Burke will remain in Nashville, and Erzan will remain in New York City.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Investment management firm AllianceBernstein Holding L.P. (AB) and AllianceBernstein L.P. announced Wednesday it has appointed Kate Burke as Chief Financial Officer, effective immediately. Erzan will be responsible for the entire Private Wealth Business, while continuing oversight of Global Client Group, which includes the product and distribution functions for AB's Institutional and Retail businesses. Onur Erzan, AB's Head of Global Client Group, has been appointed Head of Bernstein Private Wealth, in addition to his Client Group role. | Onur Erzan, AB's Head of Global Client Group, has been appointed Head of Bernstein Private Wealth, in addition to his Client Group role. Erzan will be responsible for the entire Private Wealth Business, while continuing oversight of Global Client Group, which includes the product and distribution functions for AB's Institutional and Retail businesses. (RTTNews) - Investment management firm AllianceBernstein Holding L.P. (AB) and AllianceBernstein L.P. announced Wednesday it has appointed Kate Burke as Chief Financial Officer, effective immediately. | (RTTNews) - Investment management firm AllianceBernstein Holding L.P. (AB) and AllianceBernstein L.P. announced Wednesday it has appointed Kate Burke as Chief Financial Officer, effective immediately. Onur Erzan, AB's Head of Global Client Group, has been appointed Head of Bernstein Private Wealth, in addition to his Client Group role. Erzan will be responsible for the entire Private Wealth Business, while continuing oversight of Global Client Group, which includes the product and distribution functions for AB's Institutional and Retail businesses. | (RTTNews) - Investment management firm AllianceBernstein Holding L.P. (AB) and AllianceBernstein L.P. announced Wednesday it has appointed Kate Burke as Chief Financial Officer, effective immediately. Onur Erzan, AB's Head of Global Client Group, has been appointed Head of Bernstein Private Wealth, in addition to his Client Group role. Prior to joining AB, he was at McKinsey & Co. for more than 19 years, where he was a senior partner and co-leader of McKinsey's Wealth Management & Asset Management. |
21513.0 | 2022-06-21 00:00:00 UTC | Financial Sector Update for 06/21/2022: RNST,JHG,AB,TRNO,CINF | AB | https://www.nasdaq.com/articles/financial-sector-update-for-06-21-2022%3A-rnstjhgabtrnocinf | nan | nan | Financial stocks were finishing near their intra-day highs, with the NYSE Financial Index rising 2.4% late in Tuesday trading and the SPDR Financial Select Sector ETF (XLF) ahead 2.3%.
The Philadelphia Housing Index was climbing 1.1% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 2.2% after the National Association of Realtors said existing-home sales fell 8.6% during May compared with year-ago levels to an annualized 5.41 million units, dropping to their slowest pace since June 2020 and largely matching market estimates for the period.
Bitcoin was increasing 5.6% to $21,188, while the yield for 10-year US Treasuries was climbing 5.3 basis points to 3.292%.
In company news, Renasant (RNST) climbed 3% after a Hovde Group upgrade of the bank holding company to outperform from market perform previously while keeping its $34 price target for Renasant shares.
Janus Henderson Group (JHG) climbed 1.4% after the fixed-income investments firm Tuesday introduced Ali Dibadj as its new CEO, with the former head of strategy at AllianceBernstein (AB) taking over from chief financial officer Roger Thompson, who has been interim CEO since April 1.
Cincinnati Financial (CINF) added 1.5% after the property and casualty insurer Tuesday said Martin Hollenbeck will retire as chief investment officer on Sept. 30 after 14 years in the post and will be succeeded by Steven Soloria, currently vice president of investments at the company.
Terreno Realty (TRNO) advanced almost 1% after the real estate investment trust Tuesday said it acquired a 3.5-acre improved industrial property in suburban Seattle for $19.9 million. The property in Redmond, Washington, is 38% leased to a single tenant, Terreno said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Janus Henderson Group (JHG) climbed 1.4% after the fixed-income investments firm Tuesday introduced Ali Dibadj as its new CEO, with the former head of strategy at AllianceBernstein (AB) taking over from chief financial officer Roger Thompson, who has been interim CEO since April 1. The Philadelphia Housing Index was climbing 1.1% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 2.2% after the National Association of Realtors said existing-home sales fell 8.6% during May compared with year-ago levels to an annualized 5.41 million units, dropping to their slowest pace since June 2020 and largely matching market estimates for the period. Terreno Realty (TRNO) advanced almost 1% after the real estate investment trust Tuesday said it acquired a 3.5-acre improved industrial property in suburban Seattle for $19.9 million. | Janus Henderson Group (JHG) climbed 1.4% after the fixed-income investments firm Tuesday introduced Ali Dibadj as its new CEO, with the former head of strategy at AllianceBernstein (AB) taking over from chief financial officer Roger Thompson, who has been interim CEO since April 1. Financial stocks were finishing near their intra-day highs, with the NYSE Financial Index rising 2.4% late in Tuesday trading and the SPDR Financial Select Sector ETF (XLF) ahead 2.3%. The Philadelphia Housing Index was climbing 1.1% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 2.2% after the National Association of Realtors said existing-home sales fell 8.6% during May compared with year-ago levels to an annualized 5.41 million units, dropping to their slowest pace since June 2020 and largely matching market estimates for the period. | Janus Henderson Group (JHG) climbed 1.4% after the fixed-income investments firm Tuesday introduced Ali Dibadj as its new CEO, with the former head of strategy at AllianceBernstein (AB) taking over from chief financial officer Roger Thompson, who has been interim CEO since April 1. The Philadelphia Housing Index was climbing 1.1% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 2.2% after the National Association of Realtors said existing-home sales fell 8.6% during May compared with year-ago levels to an annualized 5.41 million units, dropping to their slowest pace since June 2020 and largely matching market estimates for the period. Cincinnati Financial (CINF) added 1.5% after the property and casualty insurer Tuesday said Martin Hollenbeck will retire as chief investment officer on Sept. 30 after 14 years in the post and will be succeeded by Steven Soloria, currently vice president of investments at the company. | Janus Henderson Group (JHG) climbed 1.4% after the fixed-income investments firm Tuesday introduced Ali Dibadj as its new CEO, with the former head of strategy at AllianceBernstein (AB) taking over from chief financial officer Roger Thompson, who has been interim CEO since April 1. Financial stocks were finishing near their intra-day highs, with the NYSE Financial Index rising 2.4% late in Tuesday trading and the SPDR Financial Select Sector ETF (XLF) ahead 2.3%. The Philadelphia Housing Index was climbing 1.1% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 2.2% after the National Association of Realtors said existing-home sales fell 8.6% during May compared with year-ago levels to an annualized 5.41 million units, dropping to their slowest pace since June 2020 and largely matching market estimates for the period. |
21514.0 | 2022-06-15 00:00:00 UTC | Financial Sector Update for 06/15/2022: FMAO, PPSF, ATAX, AB | AB | https://www.nasdaq.com/articles/financial-sector-update-for-06-15-2022%3A-fmao-ppsf-atax-ab | nan | nan | Financial stocks were higher shortly ahead of the conclusion of the latest Federal Open Markets Committee meeting and the panel's 2 pm ET announcement on interest rates and the central bank's efforts to tame inflationary pressures.
At last look, the NYSE Financial Index was rising 1.0% and the SPDR Financial Select Sector ETF (XLF) was ahead 0.7%.
The Philadelphia Housing Index was slipping 1.0% but the SPDR Real Estate Select Sector ETF (XLRE) was climbing 1.1%.
Bitcoin was declining 7.3% to $20,836, while the yield for 10-year US Treasuries was falling 8.7 basis points to 3.396%.
In company news, Farmers & Merchants Bancorp (FMAO) gained 5.5% after late Tuesday announcing plans to acquire OTC-listed Peoples-Sidney Financial (PPSF) for $27 million in cash and stock, with investors choosing to either receive $24 in cash or 0.6597 of a Farmers & Merchants share for each of their Peoples-Sidney shares.
America First Multifamily Investors (ATAX) rose 3.5% after the specialty lender Wednesday increased its quarterly distribution by 12% to $0.37 per unit and also declared a supplemental distribution of $0.20 per unit, boosting the total payout to its investors to $0.57 per unit. The company also said it anticipates making more supplemental distributions in addition to its regular quarterly distributions through the end of 2022.
AllianceBernstein Holding (AB) added 1.6% after the brokerage Wednesday said it was working with a Allfunds subsidiary to link its asset-management services to the blockchain ecosystem and offering Allfunds Blockchain tools across AllianceBernstein's global platform domiciled in the EU. Financial terms of the new partnership were not disclosed.
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 (AB) added 1.6% after the brokerage Wednesday said it was working with a Allfunds subsidiary to link its asset-management services to the blockchain ecosystem and offering Allfunds Blockchain tools across AllianceBernstein's global platform domiciled in the EU. Financial stocks were higher shortly ahead of the conclusion of the latest Federal Open Markets Committee meeting and the panel's 2 pm ET announcement on interest rates and the central bank's efforts to tame inflationary pressures. The Philadelphia Housing Index was slipping 1.0% but the SPDR Real Estate Select Sector ETF (XLRE) was climbing 1.1%. | AllianceBernstein Holding (AB) added 1.6% after the brokerage Wednesday said it was working with a Allfunds subsidiary to link its asset-management services to the blockchain ecosystem and offering Allfunds Blockchain tools across AllianceBernstein's global platform domiciled in the EU. At last look, the NYSE Financial Index was rising 1.0% and the SPDR Financial Select Sector ETF (XLF) was ahead 0.7%. The Philadelphia Housing Index was slipping 1.0% but the SPDR Real Estate Select Sector ETF (XLRE) was climbing 1.1%. | AllianceBernstein Holding (AB) added 1.6% after the brokerage Wednesday said it was working with a Allfunds subsidiary to link its asset-management services to the blockchain ecosystem and offering Allfunds Blockchain tools across AllianceBernstein's global platform domiciled in the EU. At last look, the NYSE Financial Index was rising 1.0% and the SPDR Financial Select Sector ETF (XLF) was ahead 0.7%. In company news, Farmers & Merchants Bancorp (FMAO) gained 5.5% after late Tuesday announcing plans to acquire OTC-listed Peoples-Sidney Financial (PPSF) for $27 million in cash and stock, with investors choosing to either receive $24 in cash or 0.6597 of a Farmers & Merchants share for each of their Peoples-Sidney shares. | AllianceBernstein Holding (AB) added 1.6% after the brokerage Wednesday said it was working with a Allfunds subsidiary to link its asset-management services to the blockchain ecosystem and offering Allfunds Blockchain tools across AllianceBernstein's global platform domiciled in the EU. Financial stocks were higher shortly ahead of the conclusion of the latest Federal Open Markets Committee meeting and the panel's 2 pm ET announcement on interest rates and the central bank's efforts to tame inflationary pressures. At last look, the NYSE Financial Index was rising 1.0% and the SPDR Financial Select Sector ETF (XLF) was ahead 0.7%. |
21515.0 | 2022-06-15 00:00:00 UTC | AllianceBernstein Holding To Participate In Morgan Stanley Conference At 11:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-to-participate-in-morgan-stanley-conference-at-11%3A00-am-et | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will participate in the Morgan Stanley US Financials, Payments and CRE Conference.
The event is scheduled to begin at 11:00 AM ET on June 15, 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 Morgan Stanley US Financials, Payments and CRE Conference. The event is scheduled to begin at 11:00 AM ET on June 15, 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 Morgan Stanley US Financials, Payments and CRE Conference. The event is scheduled to begin at 11:00 AM ET on June 15, 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 Morgan Stanley US Financials, Payments and CRE Conference. The event is scheduled to begin at 11:00 AM ET on June 15, 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 Morgan Stanley US Financials, Payments and CRE Conference. The event is scheduled to begin at 11:00 AM ET on June 15, 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. |
21516.0 | 2022-06-10 00:00:00 UTC | AllianceBernstein (AB) Gains As Market Dips: What You Should Know | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-gains-as-market-dips%3A-what-you-should-know | nan | nan | AllianceBernstein (AB) closed the most recent trading day at $43, moving +0.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 2.91%. Meanwhile, the Dow lost 2.73%, and the Nasdaq, a tech-heavy index, lost 0.25%.
Heading into today, shares of the investment management company had gained 17.21% over the past month, outpacing the Finance sector's gain of 1% and the S&P 500's gain of 0.84% in that time.
AllianceBernstein will be looking to display strength as it nears its next earnings release. On that day, AllianceBernstein is projected to report earnings of $0.83 per share, which would represent a year-over-year decline of 8.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $877.8 million, down 0.44% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.43 per share and revenue of $3.6 billion. These totals would mark changes of -11.83% and -0.32%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AllianceBernstein. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. AllianceBernstein is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, AllianceBernstein currently has a Forward P/E ratio of 12.49. This represents a premium compared to its industry's average Forward P/E of 9.9.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 219, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
To read this article on Zacks.com 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. | To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. AllianceBernstein (AB) closed the most recent trading day at $43, moving +0.37% from the previous trading session. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein (AB) closed the most recent trading day at $43, moving +0.37% from the previous trading session. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. | AllianceBernstein (AB) closed the most recent trading day at $43, moving +0.37% from the previous trading session. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. | AllianceBernstein (AB) closed the most recent trading day at $43, moving +0.37% from the previous trading session. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. |
21517.0 | 2022-06-10 00:00:00 UTC | AllianceBernstein (AB) Witnesses Marginal Rise in May AUM | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-witnesses-marginal-rise-in-may-aum | nan | nan | AllianceBernstein Holding L.P. AB announced assets under management (AUM) for May 2022. The company’s preliminary month-end AUM of $687 billion increased marginally from the end of April 2022. Slight market appreciation and total firm-wide net inflows resulted in the rise.
At the end of May, AllianceBernstein’s Equity AUM increased marginally sequentially to $303 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was up 1% to $106 billion. Fixed Income AUM was $278 billion, which witnessed no change from the end of April 2022.
In terms of channel, month-end institutions AUM of $308 billion increased 1% from the previous month. Retail AUM was $269 billion, which decreased marginally from the prior-month end, while Private Wealth AUM remained unchanged at $110 billion.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth.
Over the past year, shares of the company have lost 6.7% compared with a 27.9% decline of the industry.
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 Other Asset Managers
Franklin Resources, Inc. BEN announced preliminary AUM for May 2022. BEN's month-end AUM of $1,445.9 billion marked a marginal decline from the previous month’s tally.
Franklin's AUM was affected by long-term net outflows, partially offset by the positive impact of the markets.
Invesco’s IVZ preliminary AUM for May 2022 of $1,451.6 billion represented a 1.7% decline from the prior month-end levels. The company recorded net long-term outflows of $2.4 billion. Non-management fee-earning net outflows were $1.4 billion and money market net outflows were $26.7 billion. Foreign exchange rate movements increased the AUM balance by $0.5 billion.
For the month, IVZ’s AUM was positively impacted by favorable market returns, which increased the AUM by $6 billion.
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
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.
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 Holding L.P. AB announced assets under management (AUM) for May 2022. For the month, IVZ’s AUM was positively impacted by favorable market returns, which increased the AUM by $6 billion. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. AB announced assets under management (AUM) for May 2022. For the month, IVZ’s AUM was positively impacted by favorable market returns, which increased the AUM by $6 billion. | For the month, IVZ’s AUM was positively impacted by favorable market returns, which increased the AUM by $6 billion. AllianceBernstein Holding L.P. AB announced assets under management (AUM) for May 2022. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P. AB announced assets under management (AUM) for May 2022. For the month, IVZ’s AUM was positively impacted by favorable market returns, which increased the AUM by $6 billion. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report |
21518.0 | 2022-06-10 00:00:00 UTC | Pre-Market Most Active for Jun 10, 2022 : SQQQ, TQQQ, BABA, DIDI, PFE, NIO, BBVA, BILI, DOCU, ERIC, QQQ, ABT | AB | https://www.nasdaq.com/articles/pre-market-most-active-for-jun-10-2022-%3A-sqqq-tqqq-baba-didi-pfe-nio-bbva-bili-docu-eric | nan | nan | The NASDAQ 100 Pre-Market Indicator is down -147.56 to 12,122.22. The total Pre-Market volume is currently 35,773,809 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro Short QQQ (SQQQ) is -0.47 at $50.56, with 2,200,995 shares traded. This represents a 79.61% increase from its 52 Week Low.
ProShares UltraPro QQQ (TQQQ) is +0.26 at $30.25, with 2,154,629 shares traded. This represents a 21.34% increase from its 52 Week Low.
Alibaba Group Holding Limited (BABA) is +4.61 at $114.51, with 1,634,306 shares traded. As reported by Zacks, the current mean recommendation for BABA is in the "buy range".
DiDi Global Inc. (DIDI) is +0.1 at $2.46, with 1,606,746 shares traded. DIDI's current last sale is 15.77% of the target price of $15.6.
Pfizer, Inc. (PFE) is -0.01 at $51.77, with 1,344,875 shares traded. As reported by Zacks, the current mean recommendation for PFE is in the "buy range".
NIO Inc. (NIO) is +0.44 at $19.26, with 1,219,255 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
Banco Bilbao Viscaya Argentaria S.A. (BBVA) is -0.21 at $4.73, with 1,202,559 shares traded.
Bilibili Inc. (BILI) is +1.98 at $27.30, with 1,152,093 shares traded. BILI's current last sale is 60.67% of the target price of $45.
DocuSign, Inc. (DOCU) is -21.96 at $65.40, with 1,073,495 shares traded. DOCU's current last sale is 48.44% of the target price of $135.
Ericsson (ERIC) is -0.14 at $7.86, with 1,070,260 shares traded. ERIC's current last sale is 57.16% of the target price of $13.75.
Invesco QQQ Trust, Series 1 (QQQ) is +1 at $300.40, with 862,015 shares traded. This represents a 7.21% increase from its 52 Week Low.
Abbott Laboratories (ABT) is -0.09 at $112.62, with 641,774 shares traded. As reported by Zacks, the current mean recommendation for ABT is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Alibaba Group Holding Limited (BABA) is +4.61 at $114.51, with 1,634,306 shares traded. As reported by Zacks, the current mean recommendation for BABA is in the "buy range". Abbott Laboratories (ABT) is -0.09 at $112.62, with 641,774 shares traded. | As reported by Zacks, the current mean recommendation for BABA is in the "buy range". Alibaba Group Holding Limited (BABA) is +4.61 at $114.51, with 1,634,306 shares traded. Abbott Laboratories (ABT) is -0.09 at $112.62, with 641,774 shares traded. | Alibaba Group Holding Limited (BABA) is +4.61 at $114.51, with 1,634,306 shares traded. As reported by Zacks, the current mean recommendation for BABA is in the "buy range". Abbott Laboratories (ABT) is -0.09 at $112.62, with 641,774 shares traded. | As reported by Zacks, the current mean recommendation for BABA is in the "buy range". Alibaba Group Holding Limited (BABA) is +4.61 at $114.51, with 1,634,306 shares traded. Abbott Laboratories (ABT) is -0.09 at $112.62, with 641,774 shares traded. |
21519.0 | 2022-06-05 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 6/5/2022 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-6-5-2022 | 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.
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional 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: Allegiance Bancshares, Inc is a bank holding company. The Company, through its wholly owned subsidiary, Allegiance Bank provides a range of commercial banking services primarily to small to medium-sized businesses, professionals, and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the Small Business Administration (the SBA), mortgage loans, home equity loans, personal loans, and automobile loans, among others, specifically designed for small to medium-sized businesses and companies, professionals, and individuals. It offers various types of deposit accounts, including checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits. It offers mobile banking and banking by telephone and Internet. It provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, and letters of credit.
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 ALLEGIANCE BANCSHARES 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 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: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally 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 distributes 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, private and family corporations 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.
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 ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB>
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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 private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The Company's primary mortgage insurance is offered to customers on individual loans at the time of origination on a flow basis, but can also be written in bulk transactions. Its pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. which is a mortgage insurer licensed to write mortgage insurance in all 50 states and the District of Columbia, as of December 31, 2016. It offers primary mortgage insurance, pool insurance and master policy. It provides contract underwriting services through CUW Solutions, LLC.
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
Full Guru Analysis for ESNT>
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HORIZON BANCORP INC (HBNC) is a small-cap value stock in the Regional 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: Horizon Bancorp, Inc. is a bank holding company. The Company provides a range of banking services in northern and central Indiana and southern and central Michigan through its subsidiaries, Horizon Bank (the Bank) and Horizon Risk Management, Inc. The Company operates through the commercial banking segment. The Bank is a full-service commercial bank that offers a range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Bank maintains approximately 78 full-service offices. Its wholly owned subsidiary, Horizon Risk Management, Inc., is a captive insurance company. Its loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. It deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market and time 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: PASS
FUTURE EPS GROWTH: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of HORIZON BANCORP INC
Full Guru Analysis for HBNC>
Full Factor Report for HBNC>
MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. Financial Services 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: Magnolia Oil & Gas Corporation is an oil and natural gas company. It is engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. Its oil and natural gas properties are located primarily in Karnes County and the Giddings area in South Texas, where it targets the Eagle Ford Shale and Austin Chalk formations. The Company's assets consist of a total leasehold position of approximately 683,145 gross (471,263 net) acres, including 43,511 gross (23,785 net) acres in the Karnes area and 639,634 gross (447,478 net) acres in the Giddings area. The Karnes County Assets are located in Karnes, Gonzales, DeWitt, and Atascosa Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes County Assets also includes the Austin Chalk formation overlying the Eagle Ford Shale. The Giddings Assets are located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas.
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: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of MAGNOLIA OIL & GAS CORP
Full Guru Analysis for MGY>
Full Factor Report for MGY>
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. |
21520.0 | 2022-05-20 00:00:00 UTC | Equitable Holdings (EQH) Cheers Investors With 11% Dividend Hike | AB | https://www.nasdaq.com/articles/equitable-holdings-eqh-cheers-investors-with-11-dividend-hike | nan | nan | Equitable Holdings, Inc.’s EQH board of directors recently approved an increase in its quarterly dividend payout. EQH will now pay out 20 cents per share, reflecting a hike of 11% from the prior dividend.
The new dividend will be paid out on Jun 6, 2022, to its shareholders of record as of May 30, 2022. Based on the increased rate, the annual dividend comes to 80 cents per share. The dividend yield, based on the new payout and its May 19 closing price, is 2.9% higher than the industry average of 2.5%.
Equitable Holdings also announced a $328.13 per share quarterly dividend on Series A Preferred Stock, a $618.75 semi-annual dividend on Series B Preferred Stock and a $268.75 quarterly dividend on Series C Preferred Stock.
Regarding its financial position, EQH exited the first quarter with total investments, and cash and cash equivalents of $104,489 million, while short-term and long-term debt was only $4,044 million. Also, Equitable Holdings has a robust cash-generating ability. It is likely to generate $1.6 billion cash in 2022. This aids EQH’s capital-deployment initiatives. In the first quarter, EQH paid out $70 million of cash dividends and repurchased $279 million worth of shares.
Equitable Holdings is expected to deliver a much better performance in 2022, which will support its shareholder-value boosting efforts. Investors interested in this stock can take a look at its growth opportunities. Acquisitions and partnerships form one of the main growth strategies of EQH. Earlier this year, management announced that it agreed to acquire the alternative investment management firm CarVal Investors L.P. through its subsidiary AllianceBernsteinHolding L.P. AB.
The acquisition is likely to close in the June quarter of this year, following which CarVal will become an AllianceBernstein subsidiary. The move is in line with Equitable Holdings’ strategy to boost the differentiated business model and long-term growth. The Zacks Consensus Estimate for its 2022 bottom line is pegged at $6.28 per share. The same for 2023 implies a 16% jump from the year-ago reported figure. EQH’s earnings beat estimates thrice in the last four quarters and met the mark once, the average surprise being 18.2%.
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 Gladstone Capital Corporation GLAD and Alerus Financial Corporation ALRS, each presently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gladstone Capital operates as a business development company and works with small and medium-sized companies. Based in McLean, VA, GLAD’s bottom line for the current year is expected to rise 17.7% from the year-ago reported figure to 93 cents per share. GLAD’s earnings beat estimates twice, met the mark once and missed the same on one occasion in the last four quarters, the average surprise being 13.8%.
Alerus Financial delivers financial products and services to businesses and consumers. Based in Grand Forks, ND, ALRS’ bottom line for 2022 has witnessed three upward revisions and no movement in the opposite direction in the past 30 days. ALRS’ earnings beat estimates in each of the last four quarters, the average being 26.8%.
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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 recently approved an increase in its quarterly dividend payout. Equitable Holdings also announced a $328.13 per share quarterly dividend on Series A Preferred Stock, a $618.75 semi-annual dividend on Series B Preferred Stock and a $268.75 quarterly dividend on Series C Preferred Stock. Also, Equitable Holdings has a robust cash-generating ability. | Equitable Holdings also announced a $328.13 per share quarterly dividend on Series A Preferred Stock, a $618.75 semi-annual dividend on Series B Preferred Stock and a $268.75 quarterly dividend on Series C Preferred Stock. 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). Equitable Holdings, Inc.’s EQH board of directors recently approved an increase in its quarterly dividend payout. | Equitable Holdings also announced a $328.13 per share quarterly dividend on Series A Preferred Stock, a $618.75 semi-annual dividend on Series B Preferred Stock and a $268.75 quarterly dividend on Series C Preferred Stock. 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). Equitable Holdings, Inc. (EQH): Free Stock Analysis Report | 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). Equitable Holdings, Inc.’s EQH board of directors recently approved an increase in its quarterly dividend payout. Equitable Holdings also announced a $328.13 per share quarterly dividend on Series A Preferred Stock, a $618.75 semi-annual dividend on Series B Preferred Stock and a $268.75 quarterly dividend on Series C Preferred Stock. |
21521.0 | 2022-05-12 00:00:00 UTC | AllianceBernstein (AB) Stock Down as April AUM Declines 6.8% | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-stock-down-as-april-aum-declines-6.8 | nan | nan | AllianceBernstein Holding L.P. AB announced assets under management (AUM) for April 2022. The company’s preliminary month-end AUM of $685 billion declined 6.8% from the end of March 2022. Market depreciation and total firm-wide net inflows resulted in the fall.
Shares of the company have tanked 6.4% since the announcement of the news.
At the end of April, AllianceBernstein’s Equity AUM declined 8.8% sequentially to $302 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was down 5.4% to $105 billion. Further, Fixed Income AUM was $278 billion, which witnessed a 5.1% fall from the end of March 2022.
In terms of channel, month-end Institutions AUM of $305 billion declined 6.4% from the previous month. Retail AUM was $270 billion, which decreased 7.5% from the prior-month end, while Private Wealth AUM fell 6% to $110 billion.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth. Yet, unfavorable market performance remains a drag.
Over the past year, shares of the company have lost 14.4% compared with a 30% 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
Franklin Resources, Inc. BEN announced its preliminary AUM for April 2022. BEN's month-end AUM of $1,455.8 billion marked a 1.5% decline from the previous month’s tally.
Franklin's AUM was affected by the negative impacts of the markets and long-term net outflows. This was partly offset by the acquisition of Lexington Partners.
Invesco’s IVZ preliminary AUM for April 2022 of $1,476.1 billion represented a 5.1% decline from the prior month-end levels. The company recorded net long-term outflows of $1.3 billion. Non-management fee-earning net outflows were $1.4 billion and money market net inflows were $15.2 billion. Foreign exchange rate movements dented the AUM balance by $13.2 billion.
For the month, IVZ’s AUM was negatively impacted by unfavorable market returns, declining $79 billion. Reinvested distributions increased AUM by $0.1 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. | For the month, IVZ’s AUM was negatively impacted by unfavorable market returns, declining $79 billion. AllianceBernstein Holding L.P. AB announced assets under management (AUM) for April 2022. Yet, unfavorable market performance remains a drag. | For the month, IVZ’s AUM was negatively impacted by unfavorable market returns, declining $79 billion. AllianceBernstein Holding L.P. AB announced assets under management (AUM) for April 2022. Yet, unfavorable market performance remains a drag. | For the month, IVZ’s AUM was negatively impacted by unfavorable market returns, declining $79 billion. AllianceBernstein Holding L.P. AB announced assets under management (AUM) for April 2022. Yet, unfavorable market performance remains a drag. | For the month, IVZ’s AUM was negatively impacted by unfavorable market returns, declining $79 billion. AllianceBernstein Holding L.P. AB announced assets under management (AUM) for April 2022. Yet, unfavorable market performance remains a drag. |
21522.0 | 2022-05-08 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 5/8/2022 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-5-8-2022 | 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.
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional 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: Allegiance Bancshares, Inc is a bank holding company. The Company, through its wholly owned subsidiary, Allegiance Bank provides a range of commercial banking services primarily to small to medium-sized businesses, professionals, and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the Small Business Administration (the SBA), mortgage loans, home equity loans, personal loans, and automobile loans, among others, specifically designed for small to medium-sized businesses and companies, professionals, and individuals. It offers various types of deposit accounts, including checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits. It offers mobile banking and banking by telephone and Internet. It provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, and letters of credit.
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 ALLEGIANCE BANCSHARES 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 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: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally 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 distributes 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, private and family corporations 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.
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 ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB>
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AXOS FINANCIAL INC (AX) is a mid-cap value stock in the Regional 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: Axos Financial, Inc. is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. The Company operates through two segments: Banking Business and Securities Business. The Banking Business segment includes a range of banking services, including online banking, concierge banking, and mortgage, vehicle and unsecured lending through online and telephonic distribution channels. In addition, the Banking Business is focused on providing deposit products to industry verticals, cash management products to a variety of businesses, and commercial real estate lending to clients. The Banking Business also includes a bankruptcy trustee and fiduciary service that provides specialized software and consulting services. The Securities Business segment includes the clearing broker-dealer, registered investment advisor, and introducing broker-dealer lines of businesses. These lines of business offer products independently to their own customers as well as to Banking Business 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: FAIL
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of AXOS FINANCIAL INC
Full Guru Analysis for AX>
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BANK OF MONTREAL (USA) (BMO) is a large-cap value stock in the Regional 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: Bank of Montreal (the Bank) is a Canada-based financial services provider. The Bank provides a range of personal and commercial banking, wealth management, global markets and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets. The Personal and Commercial Banking business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking and the United States Personal and Commercial Banking. Its BMO Wealth Management business serves a range of client segments, from mainstream to high net worth and institutional, with an offering of wealth management products and services, including insurance. Its BMO Capital Markets business provides a range of products and services to corporate, institutional and government clients, through its investment and corporate banking and global markets lines of business.
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 BANK OF MONTREAL (USA)
Full Guru Analysis for BMO>
Full Factor Report for BMO>
BYLINE BANCORP INC (BY) is a small-cap value stock in the Regional 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: Byline Bancorp, Inc. is a bank holding company that operates through its subsidiary, Byline Bank (the Bank), which is a full-service commercial bank. The Bank offers a range of banking products and services to small and medium-sized businesses, commercial real estate and financial sponsors, and consumers. The Bank also provides small ticket equipment leasing solutions. The Bank's commercial lending groups include commercial real estate, commercial and industrial, syndications, and commercial deposits and cash management. It offers a variety of deposit products, including non-interest bearing accounts, money market deposit account, savings accounts, negotiable order of withdrawal account accounts and time deposits. The Bank offers customers traditional retail deposit products through its branch network, consumer online account opening through the Company's Website. The Bank also provides customer access to their accounts through online and mobile banking platforms.
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 BYLINE BANCORP INC
Full Guru Analysis for BY>
Full Factor Report for BY>
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. |
21523.0 | 2022-05-04 00:00:00 UTC | Ex-Dividend Reminder: First Interstate BancSystem, Ameriprise Financial and AllianceBernstein Holding | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-first-interstate-bancsystem-ameriprise-financial-and | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 5/6/22, First Interstate BancSystem Inc (Symbol: FIBK), Ameriprise Financial Inc (Symbol: AMP), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. First Interstate BancSystem Inc will pay its quarterly dividend of $0.41 on 5/20/22, Ameriprise Financial Inc will pay its quarterly dividend of $1.25 on 5/20/22, and AllianceBernstein Holding LP will pay its quarterly dividend of $0.90 on 5/26/22. As a percentage of FIBK's recent stock price of $35.27, this dividend works out to approximately 1.16%, so look for shares of First Interstate BancSystem Inc to trade 1.16% lower — all else being equal — when FIBK shares open for trading on 5/6/22. Similarly, investors should look for AMP to open 0.46% lower in price and for AB to open 2.22% 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 17+ years of increases.
Below are dividend history charts for FIBK, AMP, and AB, showing historical dividends prior to the most recent ones declared.
First Interstate BancSystem Inc (Symbol: FIBK):
Ameriprise Financial Inc (Symbol: AMP):
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 4.65% for First Interstate BancSystem Inc, 1.84% for Ameriprise Financial Inc, and 8.89% for AllianceBernstein Holding LP.
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In Wednesday trading, First Interstate BancSystem Inc shares are currently down about 0.5%, Ameriprise Financial Inc shares are off about 0.3%, and AllianceBernstein Holding LP shares are up about 0.8% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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 5/6/22, First Interstate BancSystem Inc (Symbol: FIBK), Ameriprise Financial Inc (Symbol: AMP), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AMP to open 0.46% lower in price and for AB to open 2.22% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/6/22, First Interstate BancSystem Inc (Symbol: FIBK), Ameriprise Financial Inc (Symbol: AMP), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. First Interstate BancSystem Inc (Symbol: FIBK): Ameriprise Financial Inc (Symbol: AMP): 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 AMP to open 0.46% lower in price and for AB to open 2.22% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/6/22, First Interstate BancSystem Inc (Symbol: FIBK), Ameriprise Financial Inc (Symbol: AMP), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. First Interstate BancSystem Inc (Symbol: FIBK): Ameriprise Financial Inc (Symbol: AMP): 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 AMP to open 0.46% lower in price and for AB to open 2.22% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/6/22, First Interstate BancSystem Inc (Symbol: FIBK), Ameriprise Financial Inc (Symbol: AMP), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AMP to open 0.46% lower in price and for AB to open 2.22% lower, all else being equal. Below are dividend history charts for FIBK, AMP, and AB, showing historical dividends prior to the most recent ones declared. |
21524.0 | 2022-04-29 00:00:00 UTC | AllianceBernstein Holding L.P. Q1 Profit Increases, beats estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q1-profit-increases-beats-estimates | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $85.93 million, or $0.87 per share. This compares with $81.11 million, or $0.81 per share, in last year's first quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $89.45 million or $0.90 per share for the period.
Analysts on average had expected the company to earn $0.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.9% to $1.11 million from $1.01 million last year.
AllianceBernstein Holding L.P. earnings at a glance (GAAP) :
-Earnings (Q1): $85.93 Mln. vs. $81.11 Mln. last year. -EPS (Q1): $0.87 vs. $0.81 last year. -Analyst Estimate: $0.85 -Revenue (Q1): $1.11 Mln vs. $1.01 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) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $89.45 million or $0.90 per share for the period. Analysts on average had expected the company to earn $0.85 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $89.45 million or $0.90 per share for the period. AllianceBernstein Holding L.P. earnings at a glance (GAAP) : -Earnings (Q1): $85.93 Mln. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates. The company's revenue for the quarter rose 9.9% to $1.11 million from $1.01 million last year. -Analyst Estimate: $0.85 -Revenue (Q1): $1.11 Mln vs. $1.01 Mln last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates. This compares with $81.11 million, or $0.81 per share, in last year's first quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $89.45 million or $0.90 per share for the period. |
21525.0 | 2022-04-26 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 4/26/2022 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-4-26-2022 | 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.
AMTD IDEA GROUP - ADR (AMTD) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: AMTD IDEA Group, formerly AMTD International Inc, is an investment holding company principally engaged in the strategic investments. The Company operates its business through three segments. The Strategic Investment segment engages in proprietary investments and the management of investment portfolios mainly focusing on financial services and asset classes. The Investment Banking segment is involved in raising funds through equity and debt financing, providing underwriting for initial public offerings (IPOs), private placements and debt issuances and providing financial advisory services. The Asset Management segment provides asset management products and services, including in relation to listed equities, fixed income securities, hedge funds, structured products, foreign exchange, private equities, alternative investments, discretionary account services, investment advisory services and external asset management services.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 AMTD IDEA GROUP - ADR
Full Guru Analysis for AMTD
Full Factor Report for AMTD
BAYCOM CORP (BCML) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 63% to 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: BayCom Corp is a bank holding company. The Company operates through its wholly owned subsidiary, United Business Bank (the Bank). The Bank provides a range of financial services to businesses and business owners as well as individuals. The Bank provides a range of loans, including small business administration (SBA), farm service agency (FSA) and United States Department of Agriculture (USDA) guaranteed loans, and deposit products and services to businesses and its affiliates in California, Washington, New Mexico and Colorado. The Bank provides services to small and medium-sized businesses, professional firms, real estate professionals, non-profit businesses, labor unions and related non-profit entities, and businesses and individual consumers. The Bank operates approximately 33 full-service banking branches consisting of branch offices in Northern and Southern California; Denver, Colorado, and Custer, Delta, and Grand counties, Colorado; Seattle, Washington and Central New Mexico.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BAYCOM CORP
Full Guru Analysis for BCML
Full Factor Report for BCML
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 globally 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 distributes 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, private and family corporations 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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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
ROYAL GOLD, INC (USA) (RGLD) is a mid-cap growth stock in the Gold & Silver industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Royal Gold, Inc. is a precious metals stream and royalty company. The Company is engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Company owns interests in approximately 187 properties on five continents, including interests in 41 producing mines and 17 development stage projects. Its portfolio includes principal properties, producing properties, development properties and evaluation and exploration stage properties. Its metal stream interests include Andacollo, Khoemacau Project, Mount Milligan, Pueblo Viejo, and Wassa. Its royalty interests include Cortez, and Penasquito.
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: FAIL
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of ROYAL GOLD, INC (USA)
Full Guru Analysis for RGLD
Full Factor Report for RGLD
TREDEGAR CORPORATION (TG) is a small-cap value stock in the Misc. Fabricated Products 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: Tredegar Corporation, through its subsidiaries, is engaged in the manufacture of aluminum extrusions, polyethylene (PE) plastic films and polyester (PET) films. The Company's segments include Aluminum Extrusions, PE Films and Flexible Packaging Films. Aluminum Extrusions segment produces soft and medium-strength alloyed aluminum extrusions, custom fabricated and finished for the building and construction, automotive and transportation, consumer durables goods, machinery and equipment, electrical and renewable energy, and distribution markets. PE Films segment produces surface protection films, polyethylene overwrap films and films for other markets. Flexible Packaging Films produces PET-based films for use in packaging applications that have specialized properties, such as heat resistance, strength, barrier protection and the ability to accept high quality print graphics. Flexible Packaging Films segment sells its products under the Terphane, Sealphane and Ecophane brand names.
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
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TREDEGAR CORPORATION
Full Guru Analysis for TG
Full Factor Report for TG
W R BERKLEY CORP (WRB) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: W. R. Berkley Corporation is an insurance holding company, which is a commercial lines writer in the United States. The Company operates in two segments of the property casualty insurance business. Insurance segment is engaged in a predominantly commercial insurance business, including excess and surplus lines, admitted lines and specialty personal lines throughout the United States, as well as insurance business in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia. Reinsurance & Monoline Excess segment is engaged in reinsurance business on a facultative and treaty basis, primarily in the United States, the United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa, as well as operations that solely retain risk on an excess basis. The segment consists of business units, including Berkley Re America, Berkley Re Asia Pacific, Berkley Re Solutions, Berkley Re UK and Midwest Employers Casualty.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 W R BERKLEY CORP
Full Guru Analysis for WRB
Full Factor Report for WRB
WATSCO INC (WSO) is a large-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% 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: Watsco, Inc. is engaged in distributing of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. The Company sells a range of non-equipment products including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. Its products include condensing units, compressors, evaporators, valves, refrigerant, walk-in coolers, and ice machines for industrial and commercial applications. The Company distributes products manufactured by Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Southwark Metal Mfg. Co. (Southwark), Johns Manville and Owens Corning Insulating Systems, LLC (Owens Corning), among others. It operates from approximately 671 locations in 42 United States, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to portions of Latin America and the Caribbean.
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 WATSCO INC
Full Guru Analysis for WSO
Full Factor Report for WSO
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. |
21526.0 | 2022-04-13 00:00:00 UTC | 3 Stocks to Buy to Battle Rapidly Rising Interest Rates | AB | https://www.nasdaq.com/articles/3-stocks-to-buy-to-battle-rapidly-rising-interest-rates | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
AllianceBernstein (AB): Mergers and acquisitions are set to further improve its offerings in this rising rate environment.
Ares Capital (ARCC): can churn higher returns from the loans offered to mid-sized firms.
Costco Wholesale (COST): could benefit as housing and employment booms.
Source: Chompoo Suriyo / Shutterstock.com
The Federal Reserve increased the benchmark interest rates in March to curb rising inflation. Additionally, it has been anticipated that even higher interest rates might be on the way soon. Thus, investors have become skeptical about choosing the best stocks to buy amid rising interest rates.
Amid such tailwinds, investors are already withdrawing their money from overvalued stocks. Accordingly, many have redirected their investments towards companies that offer near-term value to shareholders.
To be honest, rates are still relatively low even after this hike. For example, the federal funds’ rate currently sits at 0.5%. That’s substantially higher than the previously recorded 0.08% we’ve seen. But it’s microscopic by historical standards.
That said, rising rates should not be considered a dead end for the economy. The economy will likely change, perhaps negatively, as a result of this tightening monetary policy environment. However, instead of exiting the market completely, investors may do better by sticking it out with companies that have potential to grow in any environment.
7 Stocks to Add to Your April Must-Buy List
With that in mind, here are three great stocks to buy I think are worth considering.
AB AllianceBernstein $46.15
ARCC Ares Capital $21.58
COST Costco Wholesale $589.70
AllianceBernstein (AB)
Source: rblfmr / Shutterstock.com
AllianceBernstein is a publicly-owned investment manager. This isn’t your average small-time family office, however. The company currently holds approximately $780 billion in assets under management. With an excellent management team in place, investors may look at this firm as a great way to navigate this higher-yield environment.
This company happens to be among the best-in-class fixed income managers around. Accordingly, with rates rising, expectations are that investors may once again seek out less-risky fixed income investments. This rising demand could provide a tailwind for AB stock.
Additionally, a rising interest rate environment could cause more volatility in capital markets. This is typically a good thing for companies like AllianceBernstein. This is because it enables the firm’s shrewd managers to take advantage of the situation and cash in.
Over time, investors looking for ways to play this market may find that investing in companies that specialize in this business is the way to go. That’s a simplistic thesis, but an easy one to understand for those looking for a place to park some cash right now.
Ares Capital (ARCC)
Source: Pavel Kapysh / Shutterstock.com
Ares Capital Corporation is a Business Development Company (BDC). Specifically, ARCC engages in recapitalizations, acquisitions and restructurings of mid-sized firms. Typically, such companies feature a market value of $20 million and $200 million. In simple words, these Goldilocks firms are neither too small nor too big.
Interestingly, ARCC stock is the first and only lender to offer “unitranche” constructed investments. These products are a powerful vehicle companies can use regarding loan repayments in the event of a default.
Amid a rising interest rate environment, Ares stands to earn higher returns on the credit it provides. Like other financials, ARCC stock should, on net, benefit from this environment. Accordingly, it’s no surprise to see this stock outperform the broader market in recent weeks.
7 Cloud Computing Stocks to Buy for April 2022
Additionally, ARCC stock is unique in that it provides a meaningful dividend. Currently, the yield on ARCC stock sits just below 8%. Thus, for investors looking for passive income, this could be a great way to manage this current rising rate environment right now.
Costco Wholesale (COST)
Source: ilzesgimene / Shutterstock.com
Last, but certainly not least, we have the legendary Costco. This operator of warehouse-style retail stores is truly a long-term buy-and-hold gem. The company’s business model is as simple as it is elegant. By sourcing products directly from manufacturers, Costco passes on the savings to consumers who often buy in bulk. Additionally, its distribution model is impressive, allowing for substantial savings on freight and handling costs.
Overall, Costco is a company worth owning in a retirement account. However, for those looking for a place to park some brokerage money in the near-term, COST stock fits the bill as well.
That’s because this retailer has impressive pricing power relative to its peers. Customers shop at Costco knowing they’re getting great prices, even if those prices are rising. Additionally, the company’s product mix centers on consumer necessities. This provides both customer loyalty and guaranteed volume, factors the company can use to leverage with its suppliers.
As far as a defensive option goes, there are few stocks better than Costco to own long-term.
On the date of publication, Chris MacDonald 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.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
The post 3 Stocks to Buy to Battle Rapidly Rising Interest Rates 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. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips AllianceBernstein (AB): Mergers and acquisitions are set to further improve its offerings in this rising rate environment. Thus, investors have become skeptical about choosing the best stocks to buy amid rising interest rates. AB AllianceBernstein $46.15 ARCC Ares Capital $21.58 COST Costco Wholesale $589.70 AllianceBernstein (AB) Source: rblfmr / Shutterstock.com AllianceBernstein is a publicly-owned investment manager. | AB AllianceBernstein $46.15 ARCC Ares Capital $21.58 COST Costco Wholesale $589.70 AllianceBernstein (AB) Source: rblfmr / Shutterstock.com AllianceBernstein is a publicly-owned investment manager. InvestorPlace - Stock Market News, Stock Advice & Trading Tips AllianceBernstein (AB): Mergers and acquisitions are set to further improve its offerings in this rising rate environment. Thus, investors have become skeptical about choosing the best stocks to buy amid rising interest rates. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips AllianceBernstein (AB): Mergers and acquisitions are set to further improve its offerings in this rising rate environment. Thus, investors have become skeptical about choosing the best stocks to buy amid rising interest rates. AB AllianceBernstein $46.15 ARCC Ares Capital $21.58 COST Costco Wholesale $589.70 AllianceBernstein (AB) Source: rblfmr / Shutterstock.com AllianceBernstein is a publicly-owned investment manager. | Thus, investors have become skeptical about choosing the best stocks to buy amid rising interest rates. InvestorPlace - Stock Market News, Stock Advice & Trading Tips AllianceBernstein (AB): Mergers and acquisitions are set to further improve its offerings in this rising rate environment. AB AllianceBernstein $46.15 ARCC Ares Capital $21.58 COST Costco Wholesale $589.70 AllianceBernstein (AB) Source: rblfmr / Shutterstock.com AllianceBernstein is a publicly-owned investment manager. |
21527.0 | 2022-04-05 00:00:00 UTC | Franklin Resources (BEN) Completes Lexington Partners Buyout | AB | https://www.nasdaq.com/articles/franklin-resources-ben-completes-lexington-partners-buyout | nan | nan | Franklin Resources, Inc. BEN recently announced that the acquisition of Lexington Partners L.P. is complete. When the acquisition was announced in November 2021, the transaction was valued at $1.75 billion in a cash deal, of which $750 million was expected to be paid over the next three years.
Lexington is a leading global manager of secondary private equity and co-investment funds. The company has its presence in the United States, Europe, Latin America, and the Asia-Pacific region, and has partnered with 34 companies. Hence, the acquisition will strengthen Franklin’s foothold in these regions.
The deal has helped Franklin significantly boost its alternative asset offerings by adding more than $200 billion in aggregate alternative assets under management (“AUM”). Also, the strategic acquisition fulfills Franklin’s priority of growing its share in private markets business as investors are allocating more capital across the full spectrum of alternative investment offerings.
At the time of announcement, the acquisition was expected to be immediately accretive to Franklin's earnings per share. The transaction also provides long-term capital to BEN. The company anticipates the deal to increase management fees and drive its revenues by approximately $350 million, and earnings before interest, tax, depreciation and amortization by $150 million, in the current year.
The cash deal reflects the strong liquidity position of Franklin. Pro forma cash and investments are expected to be in excess of $6 billion post acquisition.
Other than Lexington, the company’s acquisitions of specialist investment managers like Clarion Partners, K2 Advisors and Benefit Street Partners have strengthened its investment capabilities in private debt, real estate, hedge funds and private equity, respectively.
The company has grown inorganically in the past as well. In December 2021, Franklin acquired O’Shaughnessy Asset Management, LLC, which further enhances its presence in the separately managed accounts space. In July 2020, the company completed the acquisition of Legg Mason and its specialist investment managers. Further, in May 2020, it acquired AdvisorEngine Inc., while in March, Franklin’s wholly-owned subsidiary acquired Athena Capital Advisors, LLC. Such strategic acquisitions by the company, focused on expanding its presence, are impressive.
Over the past year, shares of BEN have declined 7.8% against 11.4% decline of the industry.
Image Source: Zacks Investment Research
Franklin currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Inorganic moves by other companies
The Goldman Sachs Group, Inc. GS, in March 2022, announced that its asset management segment entered an agreement to acquire robo-advisor, NextCapital Group.
NextCapital currently has about $220 billion in assets under supervision. The company is a digital retirement advice provider that partners with financial institutions across the United States to deliver tailor-made, customizable retirement planning and managed accounts through workplace retirement plans and individual retirement accounts.
AllianceBernstein Holding L.P. AB announced in March 2022 that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in AUM.
AB will acquire CarVal for an upfront purchase price of $750 million, along with a multi-year earnout if specific targets are reached. The transaction is expected to close in second-quarter 2022, subject to customary regulatory and closing conditions, post which CarVal will become a wholly-owned subsidiary of AllianceBernstein L.P. and will be rebranded as AB CarVal Investors.
The Carlyle Group Inc. CG, through its newly-formed insurance advisor, Carlyle Insurance Solutions Management L.L.C, has struck a new advisory agreement with reinsurer Fortitude Re. This will advance CG’s Insurance Solutions strategy and offer the company leadership in the insurance industry space.
Per the agreement, Carlyle will provide Fortitude Re with merger and acquisition, transaction origination and execution, capital management services, as well as other growth opportunities. For these services, Carlyle will be paid a fee based on Fortitude Re’s general account assets and overall profitability.
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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 announced in March 2022 that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in AUM. Other than Lexington, the company’s acquisitions of specialist investment managers like Clarion Partners, K2 Advisors and Benefit Street Partners have strengthened its investment capabilities in private debt, real estate, hedge funds and private equity, respectively. NextCapital currently has about $220 billion in assets under supervision. | AllianceBernstein Holding L.P. AB announced in March 2022 that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in AUM. Other than Lexington, the company’s acquisitions of specialist investment managers like Clarion Partners, K2 Advisors and Benefit Street Partners have strengthened its investment capabilities in private debt, real estate, hedge funds and private equity, respectively. NextCapital currently has about $220 billion in assets under supervision. | Other than Lexington, the company’s acquisitions of specialist investment managers like Clarion Partners, K2 Advisors and Benefit Street Partners have strengthened its investment capabilities in private debt, real estate, hedge funds and private equity, respectively. AllianceBernstein Holding L.P. AB announced in March 2022 that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in AUM. NextCapital currently has about $220 billion in assets under supervision. | AllianceBernstein Holding L.P. AB announced in March 2022 that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in AUM. Other than Lexington, the company’s acquisitions of specialist investment managers like Clarion Partners, K2 Advisors and Benefit Street Partners have strengthened its investment capabilities in private debt, real estate, hedge funds and private equity, respectively. NextCapital currently has about $220 billion in assets under supervision. |
21528.0 | 2022-03-21 00:00:00 UTC | Equitable Holdings (EQH) Arm to Acquire CarVal for $750M | AB | https://www.nasdaq.com/articles/equitable-holdings-eqh-arm-to-acquire-carval-for-%24750m | nan | nan | Equitable Holdings, Inc. EQH recently announced that it has agreed to acquire alternative investment management firm CarVal Investors L.P. through its subsidiary AllianceBernsteinHolding L.P. AB.
The acquisition is likely to close in the second quarter of this year, following which CarVal will become an AllianceBernstein subsidiary. The acquiree is expected to be rebranded as AB CarVal Investors. Its workers will remain in the headquarters at Minneapolis, MN.
The acquiree has $14.3 billion in assets under management (AUM). The assets belong to various markets like infrastructure for renewable energy, specialty finance, investments in transportation and others. Of the total AUM value, $9.9 billion is fee-earning while $4.5 billion is in the fee-eligible category. These are expected to complement AllianceBernstein’s portfolio, which had a pro-forma AUM of around $37.2 billion in fee-earning and $12 billion in the fee-eligible category at 2021-end.
The move is in line with Equitable Holdings’ strategy of boosting the differentiated business model and long-term growth. It expects to maintain $1.5 billion of cash flows and recognize significant synergies. The acquisition is expected to expand AllianceBernstein’s private markets platform to almost $50 billion in AUM. The deal will likely enhance its private credit providing capabilities. Equitable Holdings plans to allocate General Account assets worth $750 million in CarVal strategies. This is expected to improve policyholders’ risk-adjusted returns.
Equitable Holdings plans to fund the acquisition by issuing AllianceBernstein units. The partnership will pay $750 million for the acquisition along with a multi-year earnout, subject to several target fulfilments. Higher fee revenues from the acquiree are expected to offset Equitable Holdings’ change in AllianceBernstein ownership.
Even though the deal is not expected to have any impact on EQH’s bottom line in the short run, it will definitely boost the company’s profits in the long run. The Zacks Consensus Estimate for its 2022 bottom line indicates 1.5% year-over-year growth. The same for 2023 implies an 11.7% year-over-year jump. EQH beat earnings estimates thrice in the last four quarters and missed once, with an average surprise of 16.2%.
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 include Gladstone Capital Corporation GLAD and Alerus Financial Corporation ALRS, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gladstone Capital operates as a business development company and works with small and medium-sized companies. Based in McLean, VA, Gladstone Capital’s bottom line for the current year is expected to rise 8.9% year over year to 86 cents per share. GLAD beat earnings estimates once, met twice and missed on one occasion in the last four quarters, with an average surprise of 7.6%.
Alerus Financial delivers financial products and services to businesses and consumers. Based in Grand Forks, ND, ALRS’ bottom line for 2022 has witnessed three upward revisions and no movement in the opposite direction in the past 60 days. Alerus Financial beat earnings estimates in each of the last four quarters, with an average of 34.6%.
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Gladstone Capital Corporation (GLAD): 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. | Equitable Holdings, Inc. EQH recently announced that it has agreed to acquire alternative investment management firm CarVal Investors L.P. through its subsidiary AllianceBernsteinHolding L.P. AB. Equitable Holdings plans to allocate General Account assets worth $750 million in CarVal strategies. The acquiree is expected to be rebranded as AB CarVal Investors. | 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). Equitable Holdings, Inc. EQH recently announced that it has agreed to acquire alternative investment management firm CarVal Investors L.P. through its subsidiary AllianceBernsteinHolding L.P. AB. The acquiree is expected to be rebranded as AB CarVal Investors. | 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). AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Equitable Holdings, Inc. (EQH): Free Stock Analysis Report | Equitable Holdings, Inc. (EQH): Free Stock Analysis Report Equitable Holdings, Inc. EQH recently announced that it has agreed to acquire alternative investment management firm CarVal Investors L.P. through its subsidiary AllianceBernsteinHolding L.P. AB. The acquiree is expected to be rebranded as AB CarVal Investors. |
21529.0 | 2022-03-21 00:00:00 UTC | AllianceBernstein (AB) to Acquire CarVal Investors for $750M | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-to-acquire-carval-investors-for-%24750m | nan | nan | AllianceBernstein Holding L.P. AB announced that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in assets under management (AUM).
AB will acquire CarVal for an upfront purchase price of $750 million, along with a multi-year earnout if specific targets are reached. The transaction is expected to close in second-quarter 2022, subject to customary regulatory and closing conditions, post which CarVal will become a wholly-owned subsidiary of AllianceBernstein L.P. and will be rebranded as AB CarVal Investors.
CarVal primarily focused on opportunistic and distressed credit, specialty finance, renewable energy infrastructure and transportation investments. The buyout will aid AB to leverage the former to grow its world-class Private Alternatives business.
It will strengthen the Private Alternatives platform by adding complementary investment capabilities in opportunistic and private credit, and fortifying presence across numerous geographic regions like North America, Europe, Latin America and Asia.
The focus on these enhancements will enable AB to tap on the ongoing demand for such strategies for return and yield enhancement, and diversification. CarVal brings complementary private market capabilities to AB's Private Alternatives business and augments the firm's position as a market leader. Also, the addition of CarVal will expand AB's private markets competencies to encompass almost $50 billion in AUM on a pro-forma basis.
Management noted, "CarVal's global presence and broad capability set creates new and exciting growth opportunities for AB – diversifying and expanding our services to meet our clients' evolving needs."
Over the past year, shares of the company have rallied 11.3% against a 10.7% 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.
Inorganic Moves by Other Finance Companies
MVB Financial Corp. MVBF announced the execution of an agreement to acquire a 38% interest in Warp Speed Holdings LLC for $48 million. Closing of the investment, expected in mid-2022, is subject to the receipt of required regulatory approvals and other customary closing conditions.
The total investment value will comprise $38.4 million in cash and $9.6 million in MVB Financial’s common stock. The number of shares issued will be based on the volume weighted average closing price of MVBF common stock for 20 trading days ending the day prior to the closing date.
First Horizon Corporation FHN and TD Bank Group TD signed a definitive agreement, wherein the latter will acquire FHN in an all-cash deal valued at $13.4 billion or $25 for each FHN common share.
TD anticipates the FHN acquisition to close by Nov 1, 2022. The buyout is subject to customary closing conditions, including approvals from First Horizon's shareholders, and the United States and Canada regulatory authorities.
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Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.
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First Horizon Corporation (FHN): Free Stock Analysis Report
Toronto Dominion Bank The (TD): Free Stock Analysis Report
Mvb Financial Corp. (MVBF): 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. | Management noted, "CarVal's global presence and broad capability set creates new and exciting growth opportunities for AB – diversifying and expanding our services to meet our clients' evolving needs." AllianceBernstein Holding L.P. AB announced that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in assets under management (AUM). AB will acquire CarVal for an upfront purchase price of $750 million, along with a multi-year earnout if specific targets are reached. | AllianceBernstein Holding L.P. AB announced that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in assets under management (AUM). CarVal brings complementary private market capabilities to AB's Private Alternatives business and augments the firm's position as a market leader. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P. AB announced that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in assets under management (AUM). The transaction is expected to close in second-quarter 2022, subject to customary regulatory and closing conditions, post which CarVal will become a wholly-owned subsidiary of AllianceBernstein L.P. and will be rebranded as AB CarVal Investors. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | AllianceBernstein Holding L.P. AB announced that it would acquire CarVal Investors L.P., a global private alternatives investment manager with $14.3 billion in assets under management (AUM). AB will acquire CarVal for an upfront purchase price of $750 million, along with a multi-year earnout if specific targets are reached. The transaction is expected to close in second-quarter 2022, subject to customary regulatory and closing conditions, post which CarVal will become a wholly-owned subsidiary of AllianceBernstein L.P. and will be rebranded as AB CarVal Investors. |
21530.0 | 2022-03-17 00:00:00 UTC | Financial Sector Update for 03/17/2022: OCFC,AB,EQH,EQOS,RVI | AB | https://www.nasdaq.com/articles/financial-sector-update-for-03-17-2022%3A-ocfcabeqheqosrvi | nan | nan | Financial stocks still were padding their earlier gains, with the NYSE Financial Index rising 0.7% in afternoon trading and the SPDR Financial Select Sector ETF (XLF) advancing 0.8%.
The Philadelphia Housing Index was climbing 0.7% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 1.0% after data showed a 6.7% increase in US housing starts during February over the prior month to a 1.769 million annualized rate, topping market estimates for a 1.700 million yearly pace. Contractors also pulled new building permits last month at a 1.859 million rate, down 1.9% from January but still topping the expected 1.85 million rate.
Bitcoin was increasing 0.5% to $40,840, while the yield for 10-year US Treasuries was 2.6 basis points higher at 2.192%, reversing a midday dip.
In company news, OceanFirst Financial (OCFC) continues to drift lower, falling 1.9% shortly before Thursday's closing bell, after the bank holding company said chief financial officer Michael Fitzpatrick plans to retire on June 1 and will be succeeded by Patrick Barrett, who most recently was CFO at privately held First Midwest Bancorp.
Retail Value (RVI) slid 3.5% after the real estate investment trust said it will voluntarily delist its common shares from the New York Stock Exchange on April 7. The company also said it expects to complete the $38.5 million cash sale of the Crossroads retail mall in Gulfport, Mississippi, to a third-party buyer by the end of April after securing consent from the ground lessor and meeting other closing conditions for the deal.
To the upside, AllianceBernstein Holding (AB) climbed 3.4% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares also were 0.3% higher this afternoon.
Eqonex (EQOS) rose 4.8% after Thursday naming Jonathan Farnell as its new CEO and board member, succeeding Andrew Eldon, who returns to his permanent role as chief operating officer at the cryptocurrency company. Eldon has been the chief executive at Binance, which March 7 announced a strategic alliance with Eqonex that has the digital payments company also placing two other Biance executives on the Eqonex board in exchange for a $36 million convertible loan.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | To the upside, AllianceBernstein Holding (AB) climbed 3.4% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares also were 0.3% higher this afternoon. | To the upside, AllianceBernstein Holding (AB) climbed 3.4% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares also were 0.3% higher this afternoon. | To the upside, AllianceBernstein Holding (AB) climbed 3.4% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares also were 0.3% higher this afternoon. | The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares also were 0.3% higher this afternoon. To the upside, AllianceBernstein Holding (AB) climbed 3.4% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. |
21531.0 | 2022-03-17 00:00:00 UTC | Financial Sector Update for 03/17/2022: AB,EQH,EQOS,RVI | AB | https://www.nasdaq.com/articles/financial-sector-update-for-03-17-2022%3A-abeqheqosrvi | nan | nan | Financial stocks were moderately higher in afternoon trading, with the NYSE Financial Index rising 0.5% and the SPDR Financial Select Sector ETF (XLF) gaining 0.3%.
The Philadelphia Housing Index was climbing 0.3% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 1.2% after data showed a 6.7% increase in US housing starts durign February over the prior month to a 1.769 million annualized rate, topping market estimates for a 1.700 million yearly pace. Contractors also pulled new building permits last month at a 1.859 million rate, down 1.9% from January but still topping the expected 1.85 million rate.
Bitcoin was increasing 1.1% to $40,675, while the yield for 10-year US Treasuries was slipping 2.6 basis points to 2.162%.
In company news, AllianceBernstein Holding (AB) climbed 4.1% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares were 0.7% lower this afternoon.
Eqonex (EQOS) rose 4.2% after Thursday naming Jonathan Farnell as its new CEO and board member, succeeding Andrew Eldon, who returns to his permanent role as chief operating officer at the cryptocurrency company. Eldon has been the chief executive at Binance, which March 7 announced a strategic alliance with Eqonex that has the digital payments company also placing two other Biance executives on the Eqonex board in exchange for a $36 million convertible loan.
Retail Value (RVI) slid 3.1% after the real estate investment trust said it will voluntarily delist its common shares from the New York Stock Exchange on April 7. The company also said it expects to complete the $38.5 million cash sale of the Crossroads retail mall in Gulfport, Mississippi, to a third-party buyer by the end of April after securing consent from the ground lessor and meeting other closing conditions for the deal.
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 Holding (AB) climbed 4.1% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares were 0.7% lower this afternoon. | In company news, AllianceBernstein Holding (AB) climbed 4.1% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares were 0.7% lower this afternoon. | In company news, AllianceBernstein Holding (AB) climbed 4.1% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares were 0.7% lower this afternoon. | The deal is expected to trim Equitable Holdings' (EQH) majority stake in AllianceBernstein to around 62%, the company said. Equitable shares were 0.7% lower this afternoon. In company news, AllianceBernstein Holding (AB) climbed 4.1% after the investments firm announced plans to buy alternative assets manager CarVal Investors for $750 million in primarily AllianceBernstein stock plus multi-year earnouts based on the acquired business meeting unspecifed targets. |
21532.0 | 2022-03-17 00:00:00 UTC | Financial Sector Update for 03/17/2022: AB, EQOS, HSBC, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-03-17-2022%3A-ab-eqos-hsbc-xlf-fas-faz | nan | nan | Financial stocks were declining pre-bell Thursday with the Select Financial Sector SPDR (XLF) recently retreating by 0.49%. The Direxion Daily Financial Bull 3X shares (FAS) were over 1% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were up more than 1%.
AllianceBernstein Holding (AB) was less than 1% higher after saying it agreed to acquire alternatives investment manager CarVal Investors for $750 million upfront and a multi-year earnout, subject to certain targets being met.
Eqonex (EQOS) said it appointed Jonathan Farnell as chief executive officer of the company and a member of its board of directors, starting immediately. Eqonex was recently down more than 3%.
HSBC Holdings (HSBC) subsidiary HSBC Bank USA and its affiliates said they have raised their prime and reference rate to 3.50% from 3.25%. HSBC was marginally higher recently.
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 (AB) was less than 1% higher after saying it agreed to acquire alternatives investment manager CarVal Investors for $750 million upfront and a multi-year earnout, subject to certain targets being met. The Direxion Daily Financial Bull 3X shares (FAS) were over 1% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were up more than 1%. Eqonex (EQOS) said it appointed Jonathan Farnell as chief executive officer of the company and a member of its board of directors, starting immediately. | AllianceBernstein Holding (AB) was less than 1% higher after saying it agreed to acquire alternatives investment manager CarVal Investors for $750 million upfront and a multi-year earnout, subject to certain targets being met. The Direxion Daily Financial Bull 3X shares (FAS) were over 1% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were up more than 1%. HSBC Holdings (HSBC) subsidiary HSBC Bank USA and its affiliates said they have raised their prime and reference rate to 3.50% from 3.25%. | AllianceBernstein Holding (AB) was less than 1% higher after saying it agreed to acquire alternatives investment manager CarVal Investors for $750 million upfront and a multi-year earnout, subject to certain targets being met. Financial stocks were declining pre-bell Thursday with the Select Financial Sector SPDR (XLF) recently retreating by 0.49%. The Direxion Daily Financial Bull 3X shares (FAS) were over 1% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were up more than 1%. | AllianceBernstein Holding (AB) was less than 1% higher after saying it agreed to acquire alternatives investment manager CarVal Investors for $750 million upfront and a multi-year earnout, subject to certain targets being met. Financial stocks were declining pre-bell Thursday with the Select Financial Sector SPDR (XLF) recently retreating by 0.49%. Eqonex was recently down more than 3%. |
21533.0 | 2022-03-17 00:00:00 UTC | AllianceBernstein to buy CarVal Investors for initial $750 mln | AB | https://www.nasdaq.com/articles/alliancebernstein-to-buy-carval-investors-for-initial-%24750-mln | nan | nan | LONDON, March 17 (Reuters) - U.S. asset manager AllianceBernstein said on Thursday it had agreed to buy alternatives investment manager CarVal Investors for an initial $750 million.
Further payments for CarVal, which specialises in opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments, would be paid out if certain targets are met.
After closing, CarVal, which has 190 staff in five offices across four countries, will be rebranded as AB CarVal Investors, it said in a statement.
(Reporting by Simon Jessop; editing by John O'Donnell)
((simon.jessop@thomsonreuters.com; +44 (0) 207 542 5052; Reuters Messaging: Reuters Messaging: simon.jessop.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. | Further payments for CarVal, which specialises in opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments, would be paid out if certain targets are met. After closing, CarVal, which has 190 staff in five offices across four countries, will be rebranded as AB CarVal Investors, it said in a statement. LONDON, March 17 (Reuters) - U.S. asset manager AllianceBernstein said on Thursday it had agreed to buy alternatives investment manager CarVal Investors for an initial $750 million. | After closing, CarVal, which has 190 staff in five offices across four countries, will be rebranded as AB CarVal Investors, it said in a statement. Further payments for CarVal, which specialises in opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments, would be paid out if certain targets are met. LONDON, March 17 (Reuters) - U.S. asset manager AllianceBernstein said on Thursday it had agreed to buy alternatives investment manager CarVal Investors for an initial $750 million. | Further payments for CarVal, which specialises in opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments, would be paid out if certain targets are met. After closing, CarVal, which has 190 staff in five offices across four countries, will be rebranded as AB CarVal Investors, it said in a statement. LONDON, March 17 (Reuters) - U.S. asset manager AllianceBernstein said on Thursday it had agreed to buy alternatives investment manager CarVal Investors for an initial $750 million. | Further payments for CarVal, which specialises in opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments, would be paid out if certain targets are met. After closing, CarVal, which has 190 staff in five offices across four countries, will be rebranded as AB CarVal Investors, it said in a statement. LONDON, March 17 (Reuters) - U.S. asset manager AllianceBernstein said on Thursday it had agreed to buy alternatives investment manager CarVal Investors for an initial $750 million. |
21534.0 | 2022-03-14 00:00:00 UTC | INSIGHT-How Wall Street star Cathie Wood is defying her doubters | AB | https://www.nasdaq.com/articles/insight-how-wall-street-star-cathie-wood-is-defying-her-doubters | nan | nan | By David Randall
NEW YORK, March 14 (Reuters) - Do you believe in Cathie Wood?
Wall Street's star stock picker has seen her fortunes wane over the past year as her flagship tech innovation fund slid more than 50%, losing $13 billion in market value.
Yet investors have continued to buy into her futuristic vision, according to data from industry tracker Lipper: not only holding tight but plowing more than $2 billion in additional net inflows into the fund at her firm ARK, a name inspired by the Ark of the Covenant, a Biblical vessel of divine revelation.
"People like to bet on somebody and look someone in their face and see their conviction," said Tom Lydon, an asset management veteran. "That has helped override any concerns that this fund is broken."
Wood, one of the few prominent female fund managers on Wall Street, is facing one of the greatest challenges of her professional career: how to show the world that she is simply more than the face of what some are calling the pandemic bubble.
While much has been written about the decline of her ARK Innovation exchange-traded fund, this story is the first to draw on a range of interviews, with about a dozen ARK employees, investors, and others within Wood's world, to show how she is trying to keep her reputation intact as she navigates the flip side of fame.
Wood related to Lydon a recent conversation she had with an angry client who had millions invested with her fund and was prepared to pull it all out. She listened to their concerns without interrupting. Finally, it was her turn to speak.
"We have the same commitment to our strategy that we did at the market top, and if you liked it back then you should love it even more because valuations have become more attractive," she told the client from her office high above the palm trees of St. Petersburg, Florida, where she recently moved from New York.
By the end of the conversation, she had not only persuaded him to keep his money invested with her, but to add more to keep his overall allocation to her fund the same.
Stirring the belief of seasoned investors may never be more critical for Wood.
In the space of three years she rose from relative obscurity to being hailed as one of America's greatest stock oracles in 2020 after she made gains of about 150% by piling into shares such as Tesla and Zoom Video Communications before they hit the stratosphere.
Yet inflation soon began to sap the life out of the highly valued tech disruptor stocks she's famed for. From there, gravity seemed to take over, pulling the fund lower and lower last year despite a 20%-plus gain in the broad S&P 500. With the Russian invasion of Ukraine compounding losses, Wood's flagship fund is now down nearly 63% from its February 2021 high.
While Wood declined to be interviewed for this article, those close to her say she is fielding multiple calls a day from financial advisers and investors to convince them to stick with her.
At the same time, she is making a conscious drive to appear in more public forums, such as TV interviews and conferences, in order to bolster the confidence of retail investors who make up a significant portion of her fund base.
SHORTING THE STAR
Her conviction does not waiver in private, said Robby Greengold, an analyst atinvestment researchfirm Morningstar who regularly speaks with her. "She doesn't present herself any differently in person than in public," he added.
Wood, a prominent backer of bitcoin, believes technology is advancing at a more rapid pace than many investors realize and will cleave a handful of winners away from a growing trash pile of companies on the losing side of disruption.
Not everyone has faith, though. Not by a long shot.
In fact, a lack of confidence in Wood's long-term prospects led Tuttle Capital to launch an ETF that solely shorts her positions - the first known time that an ETF has specifically shorted the strategy of a single active manager.
"We wanted to short speculative technology and, lucky for us, ARK had already designed that package," said Matthew Tuttle, the head of Tuttle Management, whose fund has swelled to $350 million in assets and is up about 90% since it began trading in November.
More broadly, short-sellers of ARK funds are up $712 million this year through Feb. 16, marked against market prices, a gain that puts them up 22.16% for the year versus a 5.2% gain for shorting the entire domestic ETF market, according to technology and data analytics company S3 Partners.
On Reddit's WallStreetBets forum, which helped power the retail pandemic trading frenzy of "meme" stocks, a recent discussion is entitled "What's the Consensus on Cathie Wood".
"She literally took all of the bubble stocks, put them into an ETF, and just expected the bubble to just keep skyrocketing," one post says.
A DAY IN THE LIFE
The interviews with the people close to 66-year-old Wood offer a window upon a day in the life of the celebrated stock picker.
7 a.m: She begins work at her office in a 26-storey tower just a few blocks away from the shimmering waters of Tampa Bay, often listening to earnings calls of companies in her portfolio and potential acquisitions.
8:45 a.m: she joins a call with her analyst team. On Friday mornings, she also holds a two-hour video meeting with her analysts and industry experts on how technology will drive societal change that she occasionally opens to select investors.
The rest of the day is spent on calls with clients, trading decisions, and increasingly frequent media appearances, whether in the form of a nearly 45-minute grilling of her positions on CNBC or the firm's own YouTube shows and webinars.
"She is more than willing to speak with any client that's out there to walk through what is happening in the market and just reassure them this is an opportunity," said Renato Leggi, a client portfolio manager at ARK.
Wood might not need to convince her roughly 45-person staff at ARK Invest, where belief in her remains as powerful as the Florida sunshine.
"People follow and are willing to give their life or entrust in her because of her humility," said Alex Cahana, a theme developer at ARK since 2014, helping identify the industry trends that could shape ARK's investment strategy.
Her conviction in the face of piling losses appears to be resonating with investors.
This year alone, they have entrusted more than half a billion dollars in net inflows to her innovation fund, despite it turning in one of the worst performances of all funds tracked by Morningstar over the same time.
Despite its recent losses, the fund has returned an annualised average of 27.5% over the last three years, putting it in the top 2% of the 491 U.S. mid-cap growth funds tracked by Morningstar. That said, many investors who weren't there from the early days are now underwater.
The fund's long-term track record is one reason to believe in Wood once inflation subsides, said Jimmy Lee, the head of Las Vegas-based Wealth Consulting Group, which has $2 billion in overall assets under management.
He said his group had added to its ARK investment in recent weeks: "A lot of their names purchased in the past were way too rich in valuation, but now we're at a good entry point."
'GO WHERE YOU NEED TO GO'
Woods, who has a deep-seated Christian faith, shot to finance fame relatively late in life after starting her career in 1980 at New York-based investment advisory firm Jennison Associates. She founded ARK in 2014 after other stints at Tupelo Capital Services and AllianceBernstein.
While the sort of broad, thematic bets that are a hallmark of ARK's investment style has long been a part of her strategy, her willingness to take large positions - approximately 30% of her flagship fund is invested in the shares of five companies - has not always been welcomed at previous firms where she worked.
While she was chief investment officer of thematic portfolios at AllianceBernstein, the firm began to implement new constraints on how she could manage her fund following the market meltdown in 2008, adding limits on position sizes and requiring more sector diversification.
Frustrated, Wood pitched the idea of a transparent, actively managed ETF to AllianceBernstein in 2013 but was refused, said Leggi. She left the firm and formed ARK Invest the following year.
"You can't really run a constrained portfolio across innovation. You need to be able to go where you need to go when you want to," Leggi said.
AllianceBernstein declined to comment for this article.
Wood's ability to retain investors despite large losses could be a sign that her fund won't become the pandemic version of the Munder NetNet fund, which soared to more than $11.5 billion in assets in the late 1990s thanks to bets on internet stocks, before falling over 90% once the dotcom bubble burst. Its once-celebrated portfolio manager, Paul Cook, left Wall Street and now works at a human resources software company.
Todd Rosenbluth, head of ETF research at CFRA, said he admired Wood and ARK's ability to retain their appeal after a torrid year.
"Performance-chasing is much more common than investors demonstrating loyalty in the face of underperformance," he added. "It is a credit to the shareholder base ARK has built."
(Reporting by David Randall; Additional reporting by Hannah Lang; Editing by Pravin Char)
((David.Randall@thomsonreuters.com; 646-223-6607; Reuters Messaging: david.randall.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. | In the space of three years she rose from relative obscurity to being hailed as one of America's greatest stock oracles in 2020 after she made gains of about 150% by piling into shares such as Tesla and Zoom Video Communications before they hit the stratosphere. While much has been written about the decline of her ARK Innovation exchange-traded fund, this story is the first to draw on a range of interviews, with about a dozen ARK employees, investors, and others within Wood's world, to show how she is trying to keep her reputation intact as she navigates the flip side of fame. "We have the same commitment to our strategy that we did at the market top, and if you liked it back then you should love it even more because valuations have become more attractive," she told the client from her office high above the palm trees of St. Petersburg, Florida, where she recently moved from New York. | While much has been written about the decline of her ARK Innovation exchange-traded fund, this story is the first to draw on a range of interviews, with about a dozen ARK employees, investors, and others within Wood's world, to show how she is trying to keep her reputation intact as she navigates the flip side of fame. "We have the same commitment to our strategy that we did at the market top, and if you liked it back then you should love it even more because valuations have become more attractive," she told the client from her office high above the palm trees of St. Petersburg, Florida, where she recently moved from New York. In the space of three years she rose from relative obscurity to being hailed as one of America's greatest stock oracles in 2020 after she made gains of about 150% by piling into shares such as Tesla and Zoom Video Communications before they hit the stratosphere. | While much has been written about the decline of her ARK Innovation exchange-traded fund, this story is the first to draw on a range of interviews, with about a dozen ARK employees, investors, and others within Wood's world, to show how she is trying to keep her reputation intact as she navigates the flip side of fame. Wood's ability to retain investors despite large losses could be a sign that her fund won't become the pandemic version of the Munder NetNet fund, which soared to more than $11.5 billion in assets in the late 1990s thanks to bets on internet stocks, before falling over 90% once the dotcom bubble burst. "We have the same commitment to our strategy that we did at the market top, and if you liked it back then you should love it even more because valuations have become more attractive," she told the client from her office high above the palm trees of St. Petersburg, Florida, where she recently moved from New York. | While much has been written about the decline of her ARK Innovation exchange-traded fund, this story is the first to draw on a range of interviews, with about a dozen ARK employees, investors, and others within Wood's world, to show how she is trying to keep her reputation intact as she navigates the flip side of fame. "We have the same commitment to our strategy that we did at the market top, and if you liked it back then you should love it even more because valuations have become more attractive," she told the client from her office high above the palm trees of St. Petersburg, Florida, where she recently moved from New York. In the space of three years she rose from relative obscurity to being hailed as one of America's greatest stock oracles in 2020 after she made gains of about 150% by piling into shares such as Tesla and Zoom Video Communications before they hit the stratosphere. |
21535.0 | 2022-03-11 00:00:00 UTC | AllianceBernstein (AB) February AUM Down on Unfavorable Markets | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-february-aum-down-on-unfavorable-markets | nan | nan | AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for February 2022. The company’s preliminary month-end AUM of $739 billion declined 1.6% from the end of the prior month. Market depreciation more than offset total firm-wide net inflows, resulting in the fall.
Shares of the company have declined 1.2% since the announcement of the news.
At the end of February, AllianceBernstein’s Equity AUM declined 2.7% sequentially to $326 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was down almost 1% to $109 billion. Further, Fixed Income AUM was $304 billion, which witnessed nearly 1% fall from the end of January 2022.
In terms of channel, month-end Institutions AUM of $330 billion was down roughly 1% from the previous month. Retail AUM was $293 billion, which declined 2.3% from the prior-month end, while Private Wealth AUM fell 1.7% to $116 billion.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth. Yet, unfavorable market performance remains a drag.
Over the past year, shares of the company have rallied 14.9% against a 15.2% decline of the industry.
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 Other Asset Managers
Franklin Resources, Inc. BEN announced its preliminary AUM for February 2022. BEN's month-end AUM of $1,486.9 billion reflected a 2.3% decline from the previous month.
Franklin's AUM was affected by the negative impacts of the markets and long-term net outflows.
Invesco IVZ announced its preliminary AUM for February 2022. IVZ’s month-end AUM of $1,531.4 billion marked a 1.3% fall from the prior month-end.
Invesco recorded net long-term inflows of $3.4 billion and money market net inflows of $3.6 billion. Further, foreign exchange rate movements increased the AUM balance by $1.5 billion. For the month, unfavorable market returns negatively impacted the company’s AUM, which decreased it by $28 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. | For the month, unfavorable market returns negatively impacted the company’s AUM, which decreased it by $28 billion. 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. AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for February 2022. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for February 2022. Yet, unfavorable market performance remains a drag. | AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for February 2022. Yet, unfavorable market performance remains a drag. For the month, unfavorable market returns negatively impacted the company’s AUM, which decreased it by $28 billion. | AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for February 2022. Yet, unfavorable market performance remains a drag. For the month, unfavorable market returns negatively impacted the company’s AUM, which decreased it by $28 billion. |
21536.0 | 2022-03-08 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 3/8/2022 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-3-8-2022 | 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.
TEXAS INSTRUMENTS INCORPORATED (TXN) is a large-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% 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: Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through segments such as Analog and Embedded Processing. The Company's Analog segment's product lines includes Power and Signal Chain. Power includes products that help customers manage power in electronic systems in all end markets. Signal Chain includes products that sense, condition and measure signals to allow information to be transferred or converted for processing and control. Its Embedded Processing segment includes microcontrollers, digital signal processors (DSPs) and applications processors. Microcontrollers are systems with a processor core, memory and peripherals that are designed to control a set of tasks for electronic equipment. DSPs perform mathematical computations to process digital data. Applications processors are designed for computing activity.
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 TEXAS INSTRUMENTS INCORPORATED
Full Guru Analysis for TXN
Full Factor Report for TXN
URBAN OUTFITTERS, INC. (URBN) is a mid-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Urban Outfitters, Inc. is a lifestyle products and services company. The Company operates through three segments: Retail, Wholesale and Subscription. The Retail segment includes its store and digital channels and consists of its Anthropologie, Bhldn, Free People, FP Movement, Terrain, Urban Outfitters and Menus & Venues brands. The Wholesale segment consists of the Free People, FP Movement and Urban Outfitters brands. This segment sells through department and specialty stores worldwide, digital businesses and the Retail segment. The Wholesale segment primarily designs, develops, and markets apparel, intimates and activewear. The Subscription segment consists of the Nuuly brand, which is a monthly women's apparel subscription rental service. The Company also offers its products and services directly to its customers through its websites, mobile applications, catalogs, customer contact centers and third-party operated digital businesses.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of URBAN OUTFITTERS, INC.
Full Guru Analysis for URBN
Full Factor Report for URBN
ABERCROMBIE & FITCH CO. (ANF) is a small-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: Abercrombie & Fitch Co. is a multi-brand omnichannel specialty retailer, whose products are sold primarily through its digital channels and Company-owned stores, as well as through various third-party arrangements. The Company offers an assortment of apparel, personal care products and accessories for men, women and kids under the Company's two brand-based operating segments: Hollister, which includes the Company's Hollister and Gilly Hicks brands, and Abercrombie, which includes the Company's Abercrombie & Fitch and abercrombie kids brands. The Company operates primarily in North America, Europe and Asia. The Company operates approximately 733 stores in the United States and 199 stores outside of the United States.
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
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of ABERCROMBIE & FITCH CO.
Full Guru Analysis for ANF
Full Factor Report for ANF
AMERICAN EAGLE OUTFITTERS INC (AEO) is a mid-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: American Eagle Outfitters, Inc. is a multi-brand, global specialty retailer. The Company offers a range of apparel, accessories, and personal care products for men and women under the American Eagle brand, and intimates, apparel, active wear, and swim collections under the Aerie brand. It operates stores in the United States, Canada, Mexico, and Hong Kong. It also has license agreements with third parties to operate American Eagle and Aerie stores throughout Asia, Europe, India, Latin America, and the Middle East. It operates approximately 1,000 retail stores in the United States. It operates online, as well as operates approximately 200 international store locations managed by third-party operators. The Company's other brands include Tailgate and Todd Snyder New York. Tailgate is a vintage, sports-inspired apparel clothing brand. Todd Snyder New York is a menswear brand that operates approximately two Todd Snyder New York brand stores. Its subsidiary include Quiet Logistics, Inc.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of AMERICAN EAGLE OUTFITTERS INC
Full Guru Analysis for AEO
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CNB FINANCIAL CORP (CCNE) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 63% 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: CNB Financial Corporation is a financial holding company that operates business primarily through its principal subsidiary, CNB Bank (the Bank). The Bank is a full-service bank, which is engaged in a range of banking activities and services, including trust and wealth management services for individual, business, governmental and institutional customers. The Bank's operations include a private banking division, over two loan production offices, over one drive-up office and approximately 44 full-service offices in Pennsylvania, Ohio, New York and Virginia. Its divisions include ERIEBANK, which is based in Erie, Pennsylvania with offices in northwest Pennsylvania and northeast Ohio; FCBank, which is based in Worthington, Ohio with offices in central Ohio; BankOnBuffalo, which is based in Buffalo, New York with offices in northern New York, and Ridge View Bank, which has a loan production office in Roanoke, Virginia.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 CNB FINANCIAL CORP
Full Guru Analysis for CCNE
Full Factor Report for CCNE
PNC FINANCIAL SERVICES GROUP INC (PNC) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: PNC Financial Services Group, Inc. is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. Its retail branch network is located primarily in markets across the Mid-Atlantic, Midwest and Southeast. The Company's segments include Retail Banking, Corporate & Institutional Banking and Asset Management Group. Retail Banking provides deposit, lending, brokerage, investment management and cash management products and services to consumer and small business customers. Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services to mid-sized and large corporations, and government and not-for-profit entities. Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 PNC FINANCIAL SERVICES GROUP INC
Full Guru Analysis for PNC
Full Factor Report for PNC
CRH PLC (ADR) (CRH) is a large-cap value stock in the Construction - Raw Materials industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: CRH PLC is an Ireland-based company, which operates a building materials business in North America and Europe. The Company operates through three segments: Americas Materials, Europe Materials and Building Products. Its Americas Materials segment is engaged in the production and sale of aggregates, asphalt, cement, and ready mixed concrete products and provide asphalt paving services in the United States (US) and Canada. The Europe Materials segment is engaged in the manufacture and supply of cement, lime, aggregates, ready mixed and precast concrete, and asphalt products, as well as paving and construction services. It operates across Western, Central and Eastern Europe as well as the Philippines in Asia. The Company's Building Products segment includes businesses operating across a portfolio of building product related platforms including architectural products, infrastructure products, construction accessories and building envelope.
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.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CRH PLC (ADR)
Full Guru Analysis for CRH
Full Factor Report for CRH
HANCOCK WHITNEY CORP (HWC) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Hancock Whitney Corporation is a financial services company. The Company provides financial services through its bank subsidiary, Hancock Whitney Bank (the Bank), a Mississippi state bank. The Bank offers a range of traditional and online banking services to commercial, small business and retail customers, providing a variety of transaction and savings deposit products, treasury management services, secured and unsecured loan products (including revolving credit facilities), and letters of credit and similar financial guarantees. The Bank also provides trust and investment management services to retirement plans, corporations and individuals. The Bank's primary lending focus is to provide commercial, consumer and real estate loans to consumers, small and middle market businesses, and corporate clients in the markets served by the Bank. The Bank, through its trust department, offers a full range of trust services on a fee basis.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 HANCOCK WHITNEY CORP
Full Guru Analysis for HWC
Full Factor Report for HWC
UNIVERSAL HEALTH REALTY INCOME TRUST (UHT) is a small-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Universal Health Realty Income Trust is a real estate investment trust (REIT). The Company invests in the health care and human service-related facilities, including acute care hospitals, behavioral health care hospitals, specialty hospitals, free-standing emergency departments, childcare centers and medical/office buildings. Its portfolio consists of approximately 72 real estate investments located in 20 states consisting of seven hospital facilities consisting of three acute care, one behavioral health care, and three specialty hospitals; four free standing emergency departments (FEDs); fifty-seven medical or general office buildings, including five owned by unconsolidated limited liability companies (LLCs)/limited liability partnerships (LPs), and four preschool and childcare centers. The Company's portfolio includes Southwest Healthcare System, Inland Valley Campus, Wellington Regional Medical Center, Kindred Hospital Chicago Central, and McAllen Medical Center.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of UNIVERSAL HEALTH REALTY INCOME TRUST
Full Guru Analysis for UHT
Full Factor Report for UHT
UNIVEST FINANCIAL CORP (UVSP) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 54% 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: Univest Financial Corporation is the bank holding company of Univest Bank and Trust Co. (the Bank). The Company's segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services to individuals, businesses, municipalities and non-profit organizations. These services include a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The Wealth Management segment offers investment advisory, financial planning, trust and brokerage services, which serves a client base of private families and individuals, municipal pension plans, retirement plans, trusts and guardianships. The Insurance segment includes an insurance brokerage agency offering commercial property and casualty insurance, employee benefit solutions, personal insurance lines and human resources consulting.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 UNIVEST FINANCIAL CORP
Full Guru Analysis for UVSP
Full Factor Report for UVSP
CANADIAN NATURAL RESOURCES LTD (USA) (CNQ) is a large-cap value stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company's exploration and production operations are focused in North America, mainly in Western Canada; the United Kingdom (UK) portion of the North Sea; and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, North Sea and Offshore Africa. The Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in Athabasca Oil Sands Project. Within Western Canada, in the Midstream and Refining segment, the Company's activities include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta.
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 CANADIAN NATURAL RESOURCES LTD (USA)
Full Guru Analysis for CNQ
Full Factor Report for CNQ
STERLING CONSTRUCTION COMPANY, INC. (STRL) is a small-cap value stock in the Construction Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Sterling Construction Company, Inc. is a company, which operates through a variety of subsidiaries in the United States, primarily across the southern United States, the Rocky Mountain States, California and Hawaii, as well as other areas with strategic construction opportunities. The Company operates through three segments. Its Heavy Civil segment relies on federal and state infrastructure spending. The principal markets of this segment are Arizona, California, Colorado, Hawaii, Nevada, Texas and Utah. Its Specialty Services segment serves blue-chip end users in the e-commerce, data center, distribution center and warehousing, energy, mixed use and multi-family sectors. Its Residential segment's principal market is Texas, specifically the Dallas-Fort Worth and Houston areas and the surrounding communities. The core customer base for Residential segment is primarily made up of national home builders, as well as regional and custom home builders.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of STERLING CONSTRUCTION COMPANY, INC.
Full Guru Analysis for STRL
Full Factor Report for STRL
PACIFIC PREMIER BANCORP, INC. (PPBI) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Pacific Premier Bancorp, Inc. is a bank holding company. The Company's subsidiary, Pacific Premier Bank (the Bank), is a California state-chartered commercial bank. The Bank's lending business is focused on meeting the financial needs of small- and medium-sized businesses and corporations. The Bank's loan portfolio includes commercial and industrial (C&I) and franchise lending, commercial owner-occupied business lending, commercial non-owner-occupied real estate lending, multifamily residential lending, construction lending, one-to-four family real estate lending, and consumer loans. The Bank also offers an array of deposit products and services, including checking, money market, and savings accounts, electronic banking services, treasury management services, and online bill payment. The Bank operates approximately 63 branches in metropolitan markets in California, Washington, Oregon, Arizona, and Nevada.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 PACIFIC PREMIER BANCORP, INC.
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AU OPTRONICS CORP (ADR) (AUOTY) is a mid-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 0% to 96% 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: AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels. Its panels are primarily used in televisions, monitors, mobile personal computers (PCs), mobile devices and commercial and other applications (such as displays for automobiles, industrial PCs, automated teller machines, point of sale terminals and pachinko machines). Through Solar business segment, the Company is capable of manufacturing upstream and midstream products, such as ingots, solar wafers and solar cells. Through the Company's subsidiaries AUO Crystal Corp. and M.Setek Co., Ltd. (M.Setek), it mainly focuses on research, production and sales of solar materials, such as ingots and solar wafers.
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: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of AU OPTRONICS CORP (ADR)
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PIPER SANDLER COMPANIES (PIPR) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: Piper Sandler Companies is an investment bank and institutional securities company that serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company offers advice to clients across various sectors, including healthcare; financial services; consumer; energy and renewables; diversified industrials and services; technology, and chemicals and materials. Its advisory services include mergers and acquisitions (M&A), equity and debt private placements, debt and restructuring advisory, and municipal financial advisory transactions. Its public finance investment banking capabilities is focused on state and local governments, cultural and social service non-profit entities, special districts, project financings, and the education, healthcare, hospitality, senior living and transportation sectors.
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
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of PIPER SANDLER COMPANIES
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TEXAS ROADHOUSE INC (TXRH) is a mid-cap growth stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Texas Roadhouse, Inc. is a United States based restaurant company that operates in the casual dining segment. The Company owns and operates approximately 548 restaurants and franchised an additional 99 restaurants in 49 states and ten foreign countries. Of the 548 restaurants it operates approximately 511 as Texas Roadhouse restaurants, 34 as Bubba's 33 restaurants and three as Jaggers restaurants. Texas Roadhouse is a full-service, casual dining restaurant concept offering an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. Bubba's 33 is a family-friendly, sports restaurant concept featuring scratch-made food, ice cold beer and signature drinks. Its menu features burgers, pizza and wings as well as a variety of appetizers, sandwiches and dinner entrees. The Jaggers is a fast-casual restaurant concept offering burgers, hand-breaded chicken tenders and chicken sandwiches served with scratch-made sauces.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TEXAS ROADHOUSE INC
Full Guru Analysis for TXRH
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HURON CONSULTING GROUP INC (HURN) is a small-cap growth stock in the Business Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Huron Consulting Group Inc. is a global consultancy firm. The Company's segments include Healthcare, Business Advisory, and Education. Its Healthcare segment serves national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups. Its Healthcare segment provides advisory services include financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions. Its Business Advisory segment works with C-suite executives, boards, and business unit and functional leadership across a diverse set of industries. Its Business Advisory segment provides digital, technology and analytics, and corporate finance and restructuring services. Its Education segment serves public and private colleges and universities, academic medical centers, research institutes and other not-for-profit organizations.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HURON CONSULTING GROUP INC
Full Guru Analysis for HURN
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LAZARD LTD (LAZ) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 98% 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: Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients. The Asset Management business provides investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds and sovereign 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.
SALES: PASS
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: BONUS PASS
Detailed Analysis of LAZARD LTD
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ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) is a large-cap value stock in the Natural Gas Utilities industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% 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: Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; propylene production facilities, butane isomerization and octane enhancement facilities; petrochemical and refined products transportation, storage, export and marine terminals, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.
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.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ENTERPRISE PRODUCTS PARTNERS L.P.
Full Guru Analysis for EPD
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JONES LANG LASALLE INC (JLL) is a large-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Jones Lang LaSalle Incorporated (JLL) is a professional services company specializing in real estate and investment management. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company offers services for the needs of real estate owners, occupiers and investors. It provides its clients with a range of services on a local, regional and global scale. Its real estate services include leasing, capital markets, integrated property and facility management, project management, advisory, consulting, valuations, and digital solutions services locally, regionally and globally. LaSalle offers clients with real estate investment products and services, such as private investments in multiple real estate property types, including office, industrial, healthcare and multifamily residential. LaSalle enables clients to invest in separate accounts focused on public real estate equities.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of JONES LANG LASALLE INC
Full Guru Analysis for JLL
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DIAMOND HILL INVESTMENT GROUP, INC. (DHIL) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Diamond Hill Investment Group, Inc. is a provider of investment advisory and fund administration services. The Company operates through its two subsidiaries, Diamond Hill Capital Management, Inc. and Ohio corporation (DHCM). DHCM is an investment adviser. DHCM sponsors, distributes and provides investment advisory and related services to clients through the Diamond Hill Funds (the Funds) a series of open-end mutual funds, and separately managed accounts. DHCM also provides investment advisory services to a private investment fund, separately managed accounts, and other mutual 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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 DIAMOND HILL INVESTMENT GROUP, INC.
Full Guru Analysis for DHIL
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UBS GROUP AG (USA) (UBS) is a large-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 83% to 94% 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: UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas. Wealth Management Americas division is a wealth manager in the Americas in terms of financial advisor productivity and invested assets by financial advisor. Personal & Corporate Banking division provides financial products and services to private, corporate and institutional clients in Switzerland. Asset Management division provides investment management products and services, platform solutions and advisory support. Investment Bank division providesinvestment advice financial solutions and capital markets access.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: BONUS PASS
Detailed Analysis of UBS GROUP AG (USA)
Full Guru Analysis for UBS
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INTERNATIONAL BANCSHARES CORP (IBOC) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% 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: International Bancshares Corporation is a financial holding company, which provides a diversified range of commercial and retail banking services in its main banking and branch facilities located in north, south, central and southeast Texas and the State of Oklahoma. The Company, through its Subsidiary Banks is engaged in the business of accepting checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. Its international banking business includes providing letters of credit, making commercial and industrial loans and providing foreign exchange services. The Company's Subsidiary Banks include International Bank of Commerce (IBC); Commerce Bank (Commerce Bank); International Bank of Commerce, located in Brownsville, Texas (IBC Brownsville); International Bank of Commerce, located in Zapata, Texas (IBC Zapata); and International Bank of Commerce, located in Oklahoma City, Oklahoma (IBC-Oklahoma).
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of INTERNATIONAL BANCSHARES CORP
Full Guru Analysis for IBOC
Full Factor Report for IBOC
REPUBLIC BANCORP, INC. KY (RBCAA) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% 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: Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc. (the Captive). The Bank is a Kentucky-based, state-chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through five segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), and Republic Credit Solutions (RCS). Traditional Banking segment provides traditional banking products to customers. Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit. Mortgage Banking segment originates, sells and services long-term, single family, first lien residential real estate loans. TRS segment facilitates the receipt and payment of federal and state tax refund products. RCS segment offers consumer credit products, which are unsecured and small dollar consumer loans.
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: BONUS PASS
Detailed Analysis of REPUBLIC BANCORP, INC. KY
Full Guru Analysis for RBCAA
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NACCO INDUSTRIES, INC. (NC) is a small-cap value stock in the Coal industry. The rating according to our strategy based on Peter Lynch changed from 81% to 100% 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: NACCO Industries, Inc. is a holding company. The Company operates primarily in mining and natural resources businesses. The Company operates through three business segments: Coal Mining, North American Mining (NAMining) and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NAMining segment provides value-added contract mining and other services for producers of aggregates, lithium and other minerals. The Minerals Management segment acquires and promotes the development of oil, gas and coal mineral interests, generating income primarily from royalty-based lease payments from third parties. In addition, Mitigation Resources of North America provides stream and wetland mitigation solutions.
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: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of NACCO INDUSTRIES, INC.
Full Guru Analysis for NC
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PCB BANCORP (PCB) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 54% 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: PCB Bancorp is a bank holding company for Pacific City Bank. The Company operates approximately 11 branches in Los Angeles and Orange counties, California; one branch in each of Englewood Cliffs, New Jersey and Bayside, New York. The Company also operates approximately nine loan production offices (LPOs) located in Irvine, Artesia and Los Angeles, California; Annandale, Virginia; Chicago, Illinois; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas, and New York, New York. It offers a suite of online banking solutions, which includes access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions, including remote check deposit and mobile bill pay. It offers automated teller machines and banking by telephone, mail, personal appointment, debit cards, direct deposit, cashier's checks, as well as treasury management, wire transfer and automated clearing house services.
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: NEUTRAL
EPS GROWTH RATE: 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 PCB BANCORP
Full Guru Analysis for PCB
Full Factor Report for PCB
OPORTUN FINANCIAL CORP (OPRT) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Oportun Financial Corporation is a financial services company. The Company leverage its digital platform to provide consumer credit to people. It uses artificial intelligence (AI) models to provide its customers with alternatives to payday and auto title loans. The Company offers personal loans, credit cards and auto loans. Its personal loan consists of amortizing personal installment loan with fixed payments throughout the life of the loan. It offers Oportun Visa Credit Card product in over 33 states. The Company's digital platform enables end-to-end process management, from loan application through disbursement, to servicing and collections, allowing its customers to interact with and move between online, over-the-phone, and in person experiences. It enables its customers to complete a loan application online through a mobile phone, tablet, or computer.
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: NEUTRAL
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of OPORTUN FINANCIAL CORP
Full Guru Analysis for OPRT
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BROADMARK REALTY CAPITAL INC (BRMK) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Broadmark Realty Capital Inc. is an internally managed real estate investment trust (REIT). The Company is specialized in underwriting, funding, servicing and managing a portfolio of short-term, first deed of trust loans to fund the construction and development of, or investment in, residential or commercial properties. The Company offers construction loans, land development loans, heavy rehab / redevelopment loans, and bridge financing loans. Its construction loans are designed for vertical construction of projects, such as multi-family housing, single-family housing, commercial, office, and industrial buildings. Its land development loans provide funding for the soft costs and entitlements required for development, such as hiring architects, engineers, and environmental and other consultants. Its heavy rehab / redevelopment loans are designed for improvements on multi-family units and commercial, office, hospitality, and industrial buildings.
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: NEUTRAL
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BROADMARK REALTY CAPITAL INC
Full Guru Analysis for BRMK
Full Factor Report for BRMK
CANAAN INC - ADR (CAN) is a small-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). The Company provides a holistic AI (Artificial Intelligence) solution to customers, including AI chips, algorithm development and optimization, hardware module, end-product and software services.
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: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of CANAAN INC - ADR
Full Guru Analysis for CAN
Full Factor Report for CAN
ASE TECHNOLOGY HOLDING CO LTD (ADR) (ASX) is a large-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: ASE Technology Holding Co., Ltd. is mainly engaged in the general investment business. The Company provides customers with three types of services. Integrated Circuit (IC) services consists of packaging services, including packaging and module design, IC packaging, and multi-chip packaging; testing services, including previous testing, wafer pin testing and finished product testing, as well as materials, including substrate design and manufacturing. Electronic manufacturing service business are involved in the development and design of communication, consumer electronics, computers, storage, industrial, automotive electronics and other types of electronic products, the material procurement business, logistics, maintenance and other after-sales services. Other services include real estate development, construction, home sales property management and shopping mall rental business. The Company distributes its products to the United States, Taiwan, Europe, Asia and other regions.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ASE TECHNOLOGY HOLDING CO LTD (ADR)
Full Guru Analysis for ASX
Full Factor Report for ASX
READY CAPITAL CORP (RC) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Ready Capital Corporation is a real estate investment trust (REIT). The Company originates, acquires, finances, and services SBC loans, SBA loans, residential mortgage loans, and to a lesser extent, mortgage-backed securities (MBS) collateralized by SBC loans, or other real estate-related investments. The Company originates SBC and SBA loans through its ReadyCap subsidiaries. The Company originates mortgage loans through its GFMS platform. The Company segments include Acquisitions, SBC Originations, Small Business Lending, and Residential Mortgage Banking. The Company's objective is to provide attractive risk-adjusted returns to its stockholders through dividends and through capital appreciation. The Company is managed and advised by Waterfall Asset Management, LLC.
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 READY CAPITAL CORP
Full Guru Analysis for RC
Full Factor Report for RC
CORNERSTONE BUILDING BRANDS INC (CNR) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Cornerstone Building Brands, Inc. is a manufacturer and marketer of exterior building products for residential and low-rise non-residential buildings in North America. The Company's operating segments include Windows, Siding and Commercial. Windows segment offers a range of windows and doors at multiple price tiers for residential new construction and residential repair and remodel end markets. Its Siding segment offers a range of exterior cladding, fencing and stone products, other accessories and decorative products. Its principal products include vinyl siding and skirting, composite siding, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil and fabricated aluminum gutter protection. Commercial segment designs, engineers, manufactures and distributes a range of metal products for low-rise non-residential construction market. Its products include metal building systems, metal roofing and wall systems, insulated metal panels, doors and coil coatings.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CORNERSTONE BUILDING BRANDS INC
Full Guru Analysis for CNR
Full Factor Report for CNR
HELIOS TECHNOLOGIES INC (HLIO) is a mid-cap growth stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Helios Technologies, Inc. is an industrial technology company that develops and manufactures solutions. The Company operates through two segments: Hydraulics and Electronics. The Hydraulics segment includes cartridge valve technology (CVT), quick-release hydraulic couplings solutions (QRC) and hydraulic system design (Systems). CVT has developed a product under the FLeX Series. QRC products designs, engineers and distributes hydraulic coupling solutions primarily in the agriculture, construction equipment and industrial markets. Systems provides engineered solutions for machine users, manufacturers to complete system design requirements. The Electronics segment provides custom-tailored solutions for industrial and commercial applications, including engines, engine-driven equipment and specialty vehicles with a range of rugged and reliable instruments, such as displays, controls and instrumentation products through its Enovation Controls, Zero Off, Murphy and HCT brands.
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: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HELIOS TECHNOLOGIES INC
Full Guru Analysis for HLIO
Full Factor Report for HLIO
SSR MINING INC (SSRM) is a mid-cap growth stock in the Gold & Silver industry. The rating according to our strategy based on Peter Lynch changed from 54% 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: SSR Mining Inc. is a mining company. The Company is focused on the operation, development, exploration and acquisition of precious metal projects. Its segments include Marigold mine, Seabee Gold Operation, Puna Operations and Exloration, evaluation and development properties. The Marigold mine is in Humboldt County, Nevada, United States on the Battle Mountain-Eureka trend. Seabee Gold Operation is in Northern Saskatchewan, Canada approximately 125 kilometers northeast of the town of La Ronge. Its Puna Operations is comprised of the Chinchillas mine and the Pirquitas property, which includes the Pirquitas processing facilities. Puna Operations is located in the Jujuy Province, Argentina. The Chinchillas mine is a silver-lead-zinc deposit. Its operations also include development and explorations projects, such as San Luis and Pitarrilla project, Amisk and Sunrise Lake projects.
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: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SSR MINING INC
Full Guru Analysis for SSRM
Full Factor Report for SSRM
PREMIER FINANCIAL CORP (OHIO) (PFC) is a small-cap value stock in the Regional Banks 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: Premier Financial Corp. is a financial holding company that conducts business through its wholly-owned subsidiary, Premier Bank (the Bank). The Bank is primarily engaged in community banking. The Bank attracts deposits from the general public through its offices and Website and uses those and other available sources of funds to originate residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans and consumer loans. In addition, the invests in United States Treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities that are issued by federal agencies, collateralized mortgage obligations (CMOs), and corporate bonds. The Bank conducts operations through 78 full-service banking center offices, 12 loan offices and two wealth offices. The Company's subsidiaries include First Insurance Group of the Midwest, Inc., PFC Risk Management Inc. and HSB Capital, LLC.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 PREMIER FINANCIAL CORP (OHIO)
Full Guru Analysis for PFC
Full Factor Report for PFC
FS KKR CAPITAL CORP (FSK) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment company. The Company's investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies, and subordinated loans and certain asset-based financing loans of the private United States companies. In addition, a portion of the Company's portfolio consists of equity and equity-related securities, corporate bonds, structured products, other debt securities and derivatives, including total return swaps and credit default swaps. It invests in a range of industries, including capital goods, consumer services, consumer durables and apparel, materials, commercial and professional services, and diversified financials. The Company is externally managed by FS/KKR Advisor, LLC.
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: PASS
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 FS KKR CAPITAL CORP
Full Guru Analysis for FSK
Full Factor Report for FSK
BLACKROCK TCP CAPITAL CORP (TCPC) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: BlackRock TCP Capital Corp, formerly TCP Capital Corp, is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. It intends to focus on privately negotiated investments in debt of middle-market companies. It may make investments of all kinds and at all levels of the capital structure, including in equity interests, such as preferred or common stock and warrants or options received in connection with its debt investments. As of June 30, 2018, its investment portfolio consisted of 97 portfolio companies. Tennenbaum Capital Partners, LLC is the investment manager and advisor 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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 BLACKROCK TCP CAPITAL CORP
Full Guru Analysis for TCPC
Full Factor Report for TCPC
MERCK KGAA (ADR) (MKKGY) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% 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: Merck KGaA is a Germany-based science and technology company. The Company operates in three business segments: Healthcare, Life Sciences and Performance Materials. The Healthcare business, which operates in the United States and Canada as EMD Serono, focuses on such therapeutic areas as allergies, fertility, oncology and neurodegenerative diseases, developing drugs, diagnostic substances and medical devices. The Life Sciences business comprises the activities of MilliporeSigma, which provides solutions that facilitate biotechnology and pharmaceutical research. The product range includes laboratory water systems, gene editing tools, cell lines and end-to-end drug manufacturing systems, among others. The Performance Materials business provides specialty chemicals for various applications, including liquid crystals for electronic displays, materials for integrated circuits, effect pigments for coatings and color cosmetics, as well as functional materials for energy solutions.
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 MERCK KGAA (ADR)
Full Guru Analysis for MKKGY
Full Factor Report for MKKGY
DOUGLAS ELLIMAN INC (DOUG) is a small-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Douglas Elliman Inc. offers suite of technology-enabled real estate services and investments. The Company is involved in residential brokerage in the New York metropolitan area, which includes New York City, Long Island, Westchester and the Hamptons, and the United States. It also operates property management, title and escrow companies, among other ancillary services. The Company is also engaged in the management of cooperative, condominium and rental apartment buildings though its subsidiary, Residential Management Group, LLC, which conducts business as Douglas Elliman Property Management. Residential Management Group provides a full range of fee-based management services for approximately 360 properties representing approximately 56,500 units in New York City, Nassau County, Long Island City and Westchester County. It is also engaged in the provision of title insurance services through its subsidiary DE Title Services.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of DOUGLAS ELLIMAN INC
Full Guru Analysis for DOUG
Full Factor Report for DOUG
ORIGIN MATERIALS INC (ORGN) is a small-cap growth stock in the Chemical Manufacturing industry. The rating according to our strategy based on Peter Lynch changed from 0% to 83% 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: Origin Materials, Inc. is a carbon negative materials company. The Company has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. The Company's technology platform, which turns sustainable wood residues into carbon negative materials. The Company enables the transition to sustainable materials by replacing petroleum-based materials with decarbonized materials in a range of products, such as food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments and more. The Company's technology converts sustainable feedstocks, such as sustainably harvested wood, agricultural waste, wood waste and corrugated cardboard, into materials and products that are made from fossil feedstocks, such as petroleum and natural gas.
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: NEUTRAL
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of ORIGIN MATERIALS INC
Full Guru Analysis for ORGN
Full Factor Report for ORGN
GCM GROSVENOR INC (GCMG) is a small-cap growth stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: GCM Grosvenor Inc. is an alternative asset management solution company. The Company provides solutions across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The Company develops customized portfolios for clients and offers multi-client multi-manager, direct investment, fund administration portfolio risk management, and research access. The Company's portfolios range from highly concentrated to broadly diversified. The Company organizes, invests, and manages specialized primary, secondary, and direct/co-investment and multi-asset class funds across both private markets and absolute return strategies. The Company also offers specialized funds that are developed to meet a range of market demands for strategies and risk-return objectives and span the alternatives investing universe.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: FAIL
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of GCM GROSVENOR INC
Full Guru Analysis for GCMG
Full Factor Report for GCMG
UWM HOLDINGS CORP (UWMC) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 65% 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: UWM Holdings Corporation (UWM), through its subsidiaries, is engaged in selling and servicing of residential mortgage loans in the United States. The Company is a wholesale lender and underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions provides lending support. The Company offers its broker partners direct access to a dedicated in-house account executive as well as their teams of underwriters and closers. It also provides training, technology, marketing support and more to help entrepreneurial partners. The Company partners with mortgage brokers, correspondents and financial institutions.
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: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: FAIL
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of UWM HOLDINGS CORP
Full Guru Analysis for UWMC
Full Factor Report for UWMC
HANMI FINANCIAL CORP (HAFC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 89% 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: Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community as well as other ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. The Bank's full-service offices are located in markets, where many of its businesses are conducted by immigrants and other minority groups. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank originates loans for its own portfolio and for sale in the secondary market. The Bank's lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term, commercial lines of credit and international), equipment lease financing and Small Business Administration (SBA) loans.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of HANMI FINANCIAL CORP
Full Guru Analysis for HAFC
Full Factor Report for HAFC
SHUTTERSTOCK INC (SSTK) is a mid-cap growth stock in the Motion Pictures industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% 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: Shutterstock, Inc. is a provider of global creative platform that offers full-service solutions, content, and tools for brands, businesses, and media companies. The Company's content is distributed to customers under the Shutterstock, Bigstock, Offset and PremiumBeat brands. Its Shutterstock brand includes various content types and offerings such as image, footage, editorial, music and studios. Its Bigstock brand maintains a separate content library tailored for creators seeking to incorporate imagery into their projects. Its Offset brand provides content for high-impact use cases that require images, featuring work from top assignment photographers and illustrators from around the world. Its PremiumBeat's library of music tracks provides producers, filmmakers, and marketers the ability to search handpicked production music from the composers. Its online platform provides a freely searchable collection of content that its users can license, download and incorporate into their work.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SHUTTERSTOCK INC
Full Guru Analysis for SSTK
Full Factor Report for SSTK
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 Peter Lynch changed from 0% 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: New Mountain Finance Corporation is a closed-end, non-diversified management investment company, which regulates 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. Its primarily focused on the debt of defensive growth companies, which are defined as generally exhibiting the various characteristics, including sustainable secular growth drivers, high barriers to competitive entry, high free cash flow after capital expenditure and working capital needs, high returns on assets, and niche market dominance.
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 NEW MOUNTAIN FINANCE CORP.
Full Guru Analysis for NMFC
Full Factor Report for NMFC
FIDELITY D&D BANCORP INC (FDBC) is a small-cap value stock in the Regional Banks 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: Fidelity D & D Bancorp, Inc. is a bank holding company. The Fidelity Deposit and Discount Bank (the Bank) is the Company's state chartered commercial bank. The bank offers a range of traditional banking services. The Bank has a personal and corporate trust department and provides alternative financial and insurance products with asset management services. The Bank's investment securities are classified into three categories: trading, available-for-sale (AFS) or held-to-maturity (HTM). The Bank's service area consists of the Borough of Dunmore and the surrounding communities within Lackawanna and Luzerne counties in Northeastern Pennsylvania. The Company operates approximately 20 full-service banking offices, of which approximately 10 are owned and approximately 10 are leased.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
Detailed Analysis of FIDELITY D&D BANCORP INC
Full Guru Analysis for FDBC
Full Factor Report for FDBC
KOHL'S CORPORATION (KSS) is a mid-cap value stock in the Retail (Department & Discount) industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Kohl's Corporation (Kohl's) is an operator of department stores. The Company operates approximately 1,162 Kohl's stores, a Website www.Kohls.com, and 12 FILA outlets. Its Kohl's stores and Website sell private and national brand apparel, footwear, accessories, beauty, and home products. Its Website includes merchandise which is available in its stores, as well as merchandise that is available only online. Its merchandise mix includes both national brands and private brands that are available at Kohl's. The Company's private portfolio includes brands, such as Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, and brands that are developed and marketed through agreements with brands such as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of KOHL'S CORPORATION
Full Guru Analysis for KSS
Full Factor Report for KSS
DARDEN RESTAURANTS, INC. (DRI) is a large-cap growth stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Darden Restaurants, Inc. is a full-service restaurant company. owns and operates full-service dining restaurants in the United States and Canada under the trade names Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V's Prime Seafood and The Capital Burger. The Company also has 25 franchised restaurants in operation located in Latin America. It has four reportable segments: Olive Garden, LongHorn Steakhouse, Fine Dining and Other Business. The Olive Garden segment includes Olive Garden restaurants in United States and Canada. The LongHorn Steakhouse segment includes LongHorn Steakhouse restaurants in the United States. The Fine Dining segment brands that operate within the fine-dining sub-segment of full-service dining. The Other Business segment include remaining brands Cheddar's Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze and The Capital Burger restaurants.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DARDEN RESTAURANTS, INC.
Full Guru Analysis for DRI
Full Factor Report for DRI
EVEREST RE GROUP LTD (RE) is a large-cap value stock in the Insurance (Prop. & Casualty) 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: Everest Re Group, Ltd. through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Company offers treaty and facultative reinsurance, and admitted and non-admitted insurance. Its products include the range of property and casualty reinsurance, and insurance coverage's, including marine, aviation, surety, errors and omissions liability (E&O), directors' and officers' liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers' compensation. The Company's subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re) and Everest International Reinsurance, Ltd.
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
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of EVEREST RE GROUP LTD
Full Guru Analysis for RE
Full Factor Report for RE
INTER PARFUMS, INC. (IPAR) is a mid-cap growth stock in the Personal & Household Prods. industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% 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: Inter Parfums, Inc. operates in the fragrance business that manufactures, markets and distributes an array of fragrance and fragrance-related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners. It has a portfolio of prestige brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade New York, Lanvin, Moncler, Montblanc, Paul Smith, Repetto, Rochas, S.T. Dupont and Van Cleef & Arpels. The United States operations segment market fragrance and fragrance-related products. Its prestige brand fragrance products are also marketed through its United States operations. The United States based operations segment sells fragrance products under various names, which include Abercrombie & Fitch, Anna Sui, bebe, Dunhill, French Connection, Graff, GUESS, Hollister, MCM and Oscar de la Renta brands.
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: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of INTER PARFUMS, INC.
Full Guru Analysis for IPAR
Full Factor Report for IPAR
BLACKROCK, INC. (BLK) is a large-cap growth stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: BlackRock, Inc. (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. It offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 BLACKROCK, INC.
Full Guru Analysis for BLK
Full Factor Report for BLK
HERITAGE-CRYSTAL CLEAN, INC. (HCCI) is a small-cap value stock in the Waste Management Services industry. The rating according to our strategy based on Peter Lynch changed from 72% 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: Heritage-Crystal Clean, Inc. provides parts cleaning, hazardous and non-hazardous containerized waste, used oil collection, wastewater vacuum, antifreeze recycling and field services primarily to small and mid-sized industrial and vehicle maintenance customers. The Company operates through two segments: Environmental Services and Oil Business. The Environmental Services segment consists of parts cleaning, containerized waste management, wastewater vacuum services, antifreeze recycling activities and field services. The Oil Business segment consists of used oil collection, recycled fuel oil sales, used oil re-refining activities, and used oil filter removal and disposal services. It owns and operates a used oil re-refinery where it re-refines used oils and sells base oil for lubricants as well as other re-refinery products. It also operates wastewater treatment plants and antifreeze recycling facilities. Its locations are in the United States and Ontario, Canada.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of HERITAGE-CRYSTAL CLEAN, INC.
Full Guru Analysis for HCCI
Full Factor Report for HCCI
JOHNSON CONTROLS INTERNATIONAL PLC (JCI) is a large-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% 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: Johnson Controls International PLC is a global diversified technology and multi industrial company. The Company is focused on developing energy solutions, integrated infrastructure and transportation systems. Its segments include Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific and Global Products. It designs, manufactures and installs building products and systems around the world, including heating, ventilation and air conditioning (HVAC) equipment, HVAC controls, energy-management systems, security systems, fire detection systems and fire suppression solutions. It provides energy efficiency solutions and technical services, including inspection, scheduled maintenance and replacement of mechanical and control systems. It provides security solutions with Qolsys, DSC, Bentel, Visonic, PowerG and Tyco products. It also designs and manufactures custom air handlers and modular data centers for hyperscale cloud and colocation providers.
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 JOHNSON CONTROLS INTERNATIONAL PLC
Full Guru Analysis for JCI
Full Factor Report for JCI
NEWTEK BUSINESS SERVICES CORP (NEWT) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Newtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company's investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls. The Company owns and controls certain portfolio companies under the Newtek brand that provides a range of business and financial solutions to small and medium-sized businesses (SMB). Its products and services include Business Lending including the United States Small Business Administration (SBA), Electronic Payment Processing, Managed Technology Solutions, Data Backup, Technology Consulting, eCommerce, Accounts Receivable and Inventory Financing, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll and Benefits Solutions to SMB accounts nationwide across all industries.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 NEWTEK BUSINESS SERVICES CORP
Full Guru Analysis for NEWT
Full Factor Report for NEWT
FRP HOLDINGS INC (FRPH) is a small-cap growth stock in the Rental & Leasing 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: Patriot Transportation of Florida Inc, formerly known as Patriot Transportation Holding Inc is a United States-based holding company, which is engaged in various real estate businesses, including mining royalty land ownership and leasing; land acquisition, entitlement and development primarily for future warehouse/office or residential building construction; ownership, leasing and management of residential apartment buildings; and warehouse/office building ownership, leasing and management. The Company operates through four segments: Asset Management, Mining Royalty Lands, Development and Stabilized Joint Venture. The Asset Management segment owns, leases and manages commercial properties. It has two commercial properties and one industrial property, Cranberry Run. Mining Royalty Lands segment owns several properties consisting approximately 15,000 acres. Except one location in Virginia, all of these properties are located in Florida and Georgia.
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: NEUTRAL
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of FRP HOLDINGS INC
Full Guru Analysis for FRPH
Full Factor Report for FRPH
UNIVAR SOLUTIONS INC (UNVR) is a mid-cap value stock in the Chemical Manufacturing industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Univar Solutions Inc. is a global chemical and ingredient distributor and provider of value-added services to customers across a range of industries. The Company's segments include Univar Solutions USA (USA), Univar Solutions Europe and the Middle East and Africa (EMEA), Univar Solutions Canada (Canada) and Univar Solutions Latin America (LATAM). The USA Segment distributor of commodity and specialty chemicals and ingredients with a centralized network in the United States. The Company also offers specialized services to a range of end markets, touching a majority of the manufacturing and industrial production sectors. The EMEA segment maintains a presence in the United Kingdom and continental Europe and offices in the Middle East and Africa. Its Canadian operations regionally focused through sales offices, solution centers and distribution sites with a sales force. The LATAM segment includes certain developing businesses in Latin America and the Asia-Pacific region.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of UNIVAR SOLUTIONS INC
Full Guru Analysis for UNVR
Full Factor Report for UNVR
MIDLAND STATES BANCORP INC (MSBI) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 100% 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: Midland States Bancorp, Inc. is a diversified financial holding company. The Company's segments include banking and wealth management. The banking segment provides a range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The wealth management segment operates under the name Midland Wealth Management, which consists of trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration and retail brokerage services through a nationally recognized third-party broker dealer.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: BONUS PASS
Detailed Analysis of MIDLAND STATES BANCORP INC
Full Guru Analysis for MSBI
Full Factor Report for MSBI
MARCUS & MILLICHAP INC (MMI) is a small-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 72% to 80% 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: Marcus & Millichap, Inc. is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services. It provides its financing services through Marcus & Millichap Capital Corporation. Its research, advisory and consulting services are designed to assist clients in forming their investment strategy and making transaction decisions. Its advisory services include opinions of value, operating and financial performance benchmarking analysis, and specific asset buy-sell strategies. The Company has investment sales and financing professionals in various offices in the United States and Canada that provide investment brokerage and financing services.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of MARCUS & MILLICHAP INC
Full Guru Analysis for MMI
Full Factor Report for MMI
EMBOTELLADORA ANDINA SA (ADR) (AKO.B) is a small-cap value stock in the Beverages (Non-Alcoholic) 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: Embotelladora Andina S.A. (Andina) is a bottler of Coca-Cola trademark beverages in Latin America. The Company operates in four segments: Chile, Brazil, Argentina and Paraguay. It produces and distributes fruit juices, other fruit-flavored beverages and mineral and purified water in Chile, Argentina and Paraguay under trademarks owned by The Coca-Cola Company. The Company produces, markets and distributes the Coca-Cola trademark beverages and brands licensed from third-parties throughout its franchise territories. It manufactures polyethylene terephthalate (PET) bottles primarily for its own use in the packaging of Coca-Cola soft drinks in Chile and Argentina. In Brazil, it produces tea and juices for Leao Alimentos e Industria Ltda. It also distributes non-carbonated beverages in Brazil, such as tea, fruit juices, energy drinks, sport drinks and waters. It distributes beer in Brazil under the brands Amstel, Bavaria, Birra Moretti, Dos Equis (XX), Edelweiss, Heineken and Kaiser.
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.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of EMBOTELLADORA ANDINA SA (ADR)
Full Guru Analysis for AKO.B
Full Factor Report for AKO.B
SYNOVUS FINANCIAL CORP. (SNV) is a mid-cap value stock in the Regional Banks 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: Synovus Financial Corp. is a financial services company and a registered bank holding company. The Company operates through its wholly owned subsidiary bank, Synovus Bank. It operates through three segments: Community Banking, Wholesale Banking and Financial Management Services (FMS). The Community Banking business segment serves customers using a relationship-based approach through its branch, ATM, commercial, and private wealth network in addition to mobile, Internet, and telephone banking. The Wholesale Banking business segment serves primarily larger corporate customers by providing commercial lending and deposit services through specialty teams, including middle market, senior housing, national accounts and others. The FMS business segment serves its customers by providing mortgage, trust services, and professional portfolio management for fixed-income securities, investment banking, asset management, financial planning and family office services.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 SYNOVUS FINANCIAL CORP.
Full Guru Analysis for SNV
Full Factor Report for SNV
SPARTANNASH CO (SPTN) is a small-cap growth stock in the Retail (Grocery) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company's core business includes distributing grocery products to a diverse group of independent and chain retailers, its corporate owned retail stores, military commissaries, and exchanges in the United States, and operating a premier fresh produce distribution network. The Company operates through three segments: Food Distribution, Retail and Military. Its Food Distribution segment provides a wide variety of branded and private brand grocery products and perishable food products to independent grocers, national retailers, food service distributors, and other customers. Its Retail segment operates 148 corporate owned retail stores. Its Military segment contracts with manufacturers to distribute a wide variety of grocery products primarily to military commissaries and exchanges located in the United States, the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, and Bahrain.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SPARTANNASH CO
Full Guru Analysis for SPTN
Full Factor Report for SPTN
CONNECTONE BANCORP INC (CNOB) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% 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: ConnectOne Bancorp, Inc. is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Company offers a range of deposit and loan products and services. The Company also provide a range of other banking services. The Company's products and services provided include personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, credit cards, wire transfers, access to automated teller services, internet banking, treasury direct, automated clearing house (ACH) origination, and mobile banking by phone. It also offers safe deposit boxes. The Bank also offers remote deposit capture banking for business clients, providing the ability to electronically scan and transmit checks for deposit, reducing time and cost.
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: NEUTRAL
EPS GROWTH RATE: 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 CONNECTONE BANCORP INC
Full Guru Analysis for CNOB
Full Factor Report for CNOB
IRADIMED CORP (IRMD) is a small-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: IRadimed Corporation develops, manufactures, markets and distributes magnetic resonance imaging (MRI) compatible medical devices and accessories and services. Its MRidium 3860+ MRI Compatible IV infusion pump system provides non-magnetic Intravenous (IV) infusion pump system that is specifically designed for safe use during MRI procedures. Its MRidium MRI compatible IV infusion pump system has been designed with a non-magnetic ultrasonic motor with non-ferrous parts and other special features to deliver anesthesia safely and predictably and other IV medications or fluids during various MRI procedures. Its IRadimed 3880 MRI Compatible patient vital signs monitoring system has been designed with non-magnetic components and other features to monitor a patient's vital signs safely and accurately during various MRI procedures. The Company sells its products primarily to hospitals and acute care facilities, both in the United States and internationally.
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: FAIL
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of IRADIMED CORP
Full Guru Analysis for IRMD
Full Factor Report for IRMD
BEL FUSE, INC. (BELFA) is a small-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Bel Fuse Inc. designs, manufactures, and markets a range of products that protects and connects electronic circuits. It operates through three segments: Cinch Connectivity Solutions, Power Solutions and Protection, and Magnetic Solutions. Its Cinch Connectivity Solutions segment offers a line of copper and optical fiber connectors and integrated assemblies, which provide connectivity for a range of applications across multiple industries. Its Power Solutions and Protection segment offers internal and external alternating current/direct current electricity (AC/DC) power supplies, DC/DC converters, DC/AC inverters, board level fuses, and Polymeric PTC (Positive Temperature Coefficient) devices, designed for the global electronic and telecommunication markets. Its Magnetic Solutions segment offers integrated connector modules (ICMs), power transformers, surface-mount device (SMD) power inductors and switched-mode power supply (SMPS) transformers, and discrete components-telecom.
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: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of BEL FUSE, INC.
Full Guru Analysis for BELFA
Full Factor Report for BELFA
ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% 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: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay.
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
EPS GROWTH RATE: 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 ACI WORLDWIDE INC
Full Guru Analysis for ACIW
Full Factor Report for ACIW
CLEARFIELD INC (CLFD) is a small-cap growth stock in the Communications Equipment 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: Clearfield, Inc. (Clearfield) designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks. Clearfield is focused on providing fiber management, fiber protection, and fiber delivery products that accelerate the turn-up of gigabit speed bandwidth to residential homes, businesses, and network infrastructure in the wireline and wireless access network. It provides contract manufacturing services for its customers which include original equipment manufacturers (OEM) requiring copper and fiber cable assemblies built to their specifications. Clearfield products include Clearview, FieldSmart, FieldShield, CraftSmart, WaveSmart and YOURx. Its YOURx platform consists of hardened terminals, test access points, and multiple drop cable options. Its broadband service providers include Multiple Service Operators (cable television) and Community Broadband (Tier 2 and 3 telco carriers, utilities, municipalities, and alternative carriers).
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: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CLEARFIELD INC
Full Guru Analysis for CLFD
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BASF SE (ADR) (BASFY) is a large-cap value stock in the Chemicals - Plastics & Rubber industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: BASF SE is a Germany-based chemical company. The Company operates through six segments, which include Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. The Industrial Solutions segment consists of Dispersions & Pigments and Performance Chemicals divisions. The Surface Technologies segment consists of Catalysts and Coatings divisions. The Nutrition & Care segment consists of Care Chemicals and Nutrition & Health divisions. The Agricultural Solutions segment consists of Agricultural Solutions division, which focuses on provision of crop protection products and seeds.
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: PASS
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BASF SE (ADR)
Full Guru Analysis for BASFY
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TARGET CORPORATION (TGT) is a large-cap value stock in the Retail (Department & Discount) 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: Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of merchandise assortment, including many items found in our stores, along with a complementary assortment. The Company sells assortment of general merchandise and food. Its format stores offer curated general merchandise and food assortments. The Company manages its inventory in a range of merchandise categories, including apparel, accessories, home decor, electronics, toys, seasonal offerings, food, and others. It operates stores, including format stores in urban markets and on college campuses. The Company's product category includes apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishings and decor.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TARGET CORPORATION
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HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) is a small-cap value stock in the Business Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 100% 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: Heidrick & Struggles International, Inc. is an advisory firm providing executive search and consulting services to businesses and business leaders around the worldwide. The Company's segments include Executive Search, Heidrick Consulting and On-Demand Talent. It operates its Executive Search segment in the Americas, Europe, which includes Africa and Asia Pacific, which includes the Middle East. Its Heidrick Consulting and On-Demand Talent segment operates globally. Its executive search services are provided on a retained basis. It provides consulting services, including executive leadership assessment, leadership, team and board development, succession planning, talent strategy, people performance, inter-team collaboration, culture shaping and organizational transformation. Its on-demand services provide clients access to independent talent, including professionals with industry and functional expertise for interim leadership roles and critical, project-based initiatives.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of HEIDRICK & STRUGGLES INTERNATIONAL, INC.
Full Guru Analysis for HSII
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TREX COMPANY INC (TREX) is a mid-cap growth stock in the Forestry & Wood Products industry. The rating according to our strategy based on Peter Lynch changed from 69% to 87% 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: Trex Company, Inc. is a manufacturer of decking and railing products in the United States. The Company's segments include Trex Residential Products (Trex Residential) and Trex Commercial Products (Trex Commercial). Trex Residential is a manufacturer of wood-alternative composite decking and railing products. Trex Commercial is a provider of custom-engineered railing and staging systems. Trex Commercial designs and engineers custom railing solutions, which are prevalent in professional and collegiate sports facilities, standardized architectural and aluminum railing systems. The Company offers a range of products, such as Trex Outdoor Furniture, Trex RainEscape, Trex Pergola, Trex Latticeworks, Trex Cornhole Boards, Diablo Trex Blade, Trex SpiralStairs and Structural Steel Posts, and Trex Outdoor Fire & Water.
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 TREX COMPANY INC
Full Guru Analysis for TREX
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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 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 globally 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 distributes 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, private and family corporations 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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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
MASTERCARD INC (MA) is a large-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. It provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its core network among account holders, merchants, financial institutions, businesses, governments and other organizations in markets globally. Its products include consumer credit, consumer debit, prepaid and commercial credit and debit. It also provides integrated offerings such as cyber and intelligence products, information and analytics services, identity verification services, consulting, loyalty and reward programs, processing and open banking.
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: FAIL
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: 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 MASTERCARD INC
Full Guru Analysis for MA
Full Factor Report for MA
SHINHAN FINANCIAL GROUP CO., LTD. (ADR) (SHG) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 67% to 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.
Company Description: Shinhan Financial Group Co Ltd is a Korea-based company principally engaged in the bank business. The Company operates its business through five segments. The Bank segment offers commercial bank services. The Credit Card segment provides credit card services. The Financial Investment segment involves in the trading and consignment trading of securities. The Life Insurance segment is engaged in the life insurance business. The Other segment is involved in the asset management, facilities rental and rental business, savings banks, financial information technology (IT) services, fund general office management, debts collection and credit investigation, private equities investment, real estate investment and operation.
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: PASS
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: FAIL
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of SHINHAN FINANCIAL GROUP CO., LTD. (ADR)
Full Guru Analysis for SHG
Full Factor Report for SHG
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. |
21537.0 | 2022-03-07 00:00:00 UTC | Fidelity in talks to hire Warburg China joint venture boss -sources | AB | https://www.nasdaq.com/articles/fidelity-in-talks-to-hire-warburg-china-joint-venture-boss-sources | nan | nan | By Selena Li and Samuel Shen
HONG KONG, March 7 (Reuters) - Fidelity International is in talks to hire the general manager of a joint venture of Warburg Pincus WP.UL in China to lead its new fund management unit in the world's second-largest economy, three sources with knowledge of the matter said.
Huang Xiaoyi, currently the general manager of Hwabao WP Fund Management in China, is in late-stage talks with Fidelity about the role, said the sources.
Huang, who has served as Hwabao WP's general manager for more than eight years, plans to resign by the end of this month if the talks go smoothly, one source said, adding the timeline for her new role is subject to regulatory approval.
Fidelity declined to comment. Huang did not immediately respond to a Reuters request for comment.
Hwabao WP said in a statement Huang "still serves as the company's general manager as normal", and the company will make an announcement if there is any change.
Hwabao WP, China's 23rd largest retail fund manager, according to data provider Eastmoney, is 49% owned by Warburg Pincus Asset Management, which acquired the stake from Lyxor Asset Management in 2017.
The rest of Hwabao WP is owned by Hwabao Trust, a financial affiliate of China's state-owned steel conglomerate Baowu, business registration records show.
Global asset managers since 2020 have rushed to build their 100% owned fund units in China's 25.9 trillion yuan ($4.1 trillion) fund market after a foreign ownership cap was removed.
Global fund managers including Neuberger Berman, Schroders, VanEck and AllianceBernstein have applied for fund management licences in China.
BlackRock became the first to start wholly-owned operations in China in June 2021.
Huang would replace Fidelity's former China president Daisy Ho, who left in August last year, the same month as the fund manager got preliminary regulatory approval to establish the fund unit.
Ho in November joined HSBC Global Asset Management as its chief executive for Asia Pacific and Hong Kong.
The "CEO musical chairs" points to an increasingly cutthroat hiring market for global asset managers in China, one of the sources said, due to a small pool of industry leaders with proven track records and good command over English.
($1 = 6.3168 Chinese yuan renminbi)
(Reporting by Selena Li in Hong Kong and Samuel Shen in Shanghai; editing by Sumeet Chatterjee and Jason Neely)
((Selena.Li@thomsonreuters.com; +852 39525868;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Huang, who has served as Hwabao WP's general manager for more than eight years, plans to resign by the end of this month if the talks go smoothly, one source said, adding the timeline for her new role is subject to regulatory approval. Huang Xiaoyi, currently the general manager of Hwabao WP Fund Management in China, is in late-stage talks with Fidelity about the role, said the sources. Hwabao WP said in a statement Huang "still serves as the company's general manager as normal", and the company will make an announcement if there is any change. | Huang Xiaoyi, currently the general manager of Hwabao WP Fund Management in China, is in late-stage talks with Fidelity about the role, said the sources. Huang, who has served as Hwabao WP's general manager for more than eight years, plans to resign by the end of this month if the talks go smoothly, one source said, adding the timeline for her new role is subject to regulatory approval. Hwabao WP said in a statement Huang "still serves as the company's general manager as normal", and the company will make an announcement if there is any change. | Huang Xiaoyi, currently the general manager of Hwabao WP Fund Management in China, is in late-stage talks with Fidelity about the role, said the sources. Hwabao WP, China's 23rd largest retail fund manager, according to data provider Eastmoney, is 49% owned by Warburg Pincus Asset Management, which acquired the stake from Lyxor Asset Management in 2017. Huang, who has served as Hwabao WP's general manager for more than eight years, plans to resign by the end of this month if the talks go smoothly, one source said, adding the timeline for her new role is subject to regulatory approval. | Huang Xiaoyi, currently the general manager of Hwabao WP Fund Management in China, is in late-stage talks with Fidelity about the role, said the sources. Huang, who has served as Hwabao WP's general manager for more than eight years, plans to resign by the end of this month if the talks go smoothly, one source said, adding the timeline for her new role is subject to regulatory approval. Hwabao WP said in a statement Huang "still serves as the company's general manager as normal", and the company will make an announcement if there is any change. |
21538.0 | 2022-03-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 3/6/2022 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-3-6-2022 | 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.
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 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: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally 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 distributes 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, private and family corporations 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.
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 ALLIANCEBERNSTEIN HOLDING LP
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FEDERAL AGRICULTURAL MORTGAGE CORP. (AGM) is a small-cap value stock in the Consumer Financial Services 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: Federal Agricultural Mortgage Corporation is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. The Company provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Company's secondary market activities include purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans. Under the Farm & Ranch line of business, Company provides a secondary market for mortgage loans secured by first liens on agricultural real estate.
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 FEDERAL AGRICULTURAL MORTGAGE CORP.
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BANK OF MONTREAL (USA) (BMO) is a large-cap value stock in the Regional 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: Bank of Montreal (the Bank) is a Canada-based financial services provider. The Bank provides a range of personal and commercial banking, wealth management, global markets and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets. The Personal and Commercial Banking business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking and the United States Personal and Commercial Banking. Its BMO Wealth Management business serves a range of client segments, from mainstream to high net worth and institutional, with an offering of wealth management products and services, including insurance. Its BMO Capital Markets business provides a range of products and services to corporate, institutional and government clients, through its investment and corporate banking and global markets lines of business.
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 BANK OF MONTREAL (USA)
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CONNECTONE BANCORP INC (CNOB) is a small-cap value stock in the Regional 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: ConnectOne Bancorp, Inc. is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Company offers a range of deposit and loan products and services. The Company also provide a range of other banking services. The Company's products and services provided include personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, credit cards, wire transfers, access to automated teller services, internet banking, treasury direct, automated clearing house (ACH) origination, and mobile banking by phone. It also offers safe deposit boxes. The Bank also offers remote deposit capture banking for business clients, providing the ability to electronically scan and transmit checks for deposit, reducing time and cost.
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 CONNECTONE BANCORP INC
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MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. Financial Services 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: Magnolia Oil & Gas Corporation is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located primarily in Karnes County and the Giddings area in South Texas where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its operations are conducted primarily in one geographic area of the United States. The Company's assets in South Texas includes approximately 42,972 gross (23,513 net) acres in the Karnes area, and approximately 652,113 gross (452,496 net) acres in the Giddings area. The Karnes County Assets are located in Karnes, Gonzales, DeWitt, and Atascosa Counties, Texas, in the core of the Eagle Ford Shale. The Giddings Assets are located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas.
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 MAGNOLIA OIL & GAS CORP
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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. |
21539.0 | 2022-02-23 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 2/23/2022 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-2-23-2022 | 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.
MAGNOLIA OIL & GAS CORP (MGY) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Magnolia Oil & Gas Corporation is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located primarily in Karnes County and the Giddings area in South Texas where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its operations are conducted primarily in one geographic area of the United States. The Company's assets in South Texas includes approximately 42,972 gross (23,513 net) acres in the Karnes area, and approximately 652,113 gross (452,496 net) acres in the Giddings area. The Karnes County Assets are located in Karnes, Gonzales, DeWitt, and Atascosa Counties, Texas, in the core of the Eagle Ford Shale. The Giddings Assets are located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas.
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
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MAGNOLIA OIL & GAS CORP
Full Guru Analysis for MGY
Full Factor Report for MGY
RESIDEO TECHNOLOGIES INC (REZI) is a mid-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Resideo Technologies, Inc. is a provider of security solutions primarily in residential environments. The Company operates through two segments: Products & Solutions, and ADI Global Distribution. The Products & Solutions segment consists of comfort, security, residential thermal (RTS) products and solutions. Its offerings include temperature and humidity control, thermal water and air solutions, as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software. ADI Global Distribution segment is the wholesale distributor of low-voltage security products including intrusion, telecom, network and audio-video (AV), access control and video products and participates in the broader related markets of smart home, fire, access control, power, audio, ProAV, networking, communications, wire and cable, enterprise connectivity, and structured wiring products.
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 RESIDEO TECHNOLOGIES INC
Full Guru Analysis for REZI
Full Factor Report for REZI
SPIRIT REALTY CAPITAL INC (SRC) is a mid-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% 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: Spirit Realty Capital, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's in-house capabilities, including acquisition, credit research, asset management, portfolio management, real estate research, legal, finance and accounting functions. It primarily invests in single-tenant, operationally essential real estate assets throughout the United States, which are leased on a long-term, triple-net basis to tenants with operations in retail, industrial, office and certain other industries. The Company operates through Spirit Realty, L.P. (the Operating Partnership) and its subsidiaries. The Company real estate portfolio consists of approximately 1860 properties, which were leased to 301 tenants, located in 48 states, and operated in 28 different industries.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SPIRIT REALTY CAPITAL INC
Full Guru Analysis for SRC
Full Factor Report for SRC
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Peter Lynch changed from 56% 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: DuPont de Nemours, Inc provides technology-based materials, ingredients and solutions. The Company offers its products and solutions through three segment: Electronics and Imaging, Safety and Construction, and Transportation and Industrial. The Electronics and Imaging business is a global supplier of differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries. The Transportation and Industrial business provides high-performance engineering resins, adhesives, silicones, lubricants and parts to engineers and designers in the transportation, electronics, healthcare, industrial and consumer end-markets to enable systems solutions for demanding applications and environments. The Safety and Construction business provides engineered products and integrated systems.
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: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUPONT DE NEMOURS INC
Full Guru Analysis for DD
Full Factor Report for DD
SITEONE LANDSCAPE SUPPLY INC (SITE) is a mid-cap growth stock in the Crops industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: SiteOne Landscape Supply, Inc. is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. The Company offers a selection of fertilizer and control products, such as herbicides, irrigation supplies, landscape accessories, nursery goods, hardscapes, including pavers, natural stones and blocks, and outdoor lighting products. The Company's customers are primarily residential and commercial landscape professionals specializing in the designing, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. The Company offers various products, such as spreader settings, LESCO equipment specification sheets, golf course supplies, seed: golf and greentech specification binder.
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 SITEONE LANDSCAPE SUPPLY INC
Full Guru Analysis for SITE
Full Factor Report for SITE
NEWMARK GROUP INC (NMRK) is a mid-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Newmark Group, Inc. is a commercial real estate services firm. The Company offers a diverse array of integrated services designed to meet the needs of both real estate investors/owners and occupiers. Its investor/owner services include capital markets, which consists of investment sales, debt and structured finance and loan sales, landlord representation, property management, valuation and advisory, commercial real estate consulting and advisory services, Government Sponsored Enterprises (GSE) lending and loan servicing, mortgage brokerage and fundraising. The Company's occupier services include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate consulting services, project management, lease administration and facilities management.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NEWMARK GROUP INC
Full Guru Analysis for NMRK
Full Factor Report for NMRK
BLACK STONE MINERALS LP (BSM) is a mid-cap growth stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The Company's principal business is maximizing the value of its existing mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. The Company owns mineral interests in approximately 16.8 million gross acres; nonparticipating royalty interests (NPRIs) in 1.8 million gross acres, and overriding royalty interests (ORRIs) in 1.7 million gross acres. Its mineral and royalty interests are located in approximately 41 states in the continental United States, including all of the onshore producing basins. Many of these interests are in active resource plays, including the Haynesville/Bossier shales in East Texas/Western Louisiana, the Wolfcamp/Spraberry/Bone Spring in the Permian Basin, the Bakken/Three Forks in the Williston Basin, and the Eagle Ford shale in South Texas.
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: NEUTRAL
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of BLACK STONE MINERALS LP
Full Guru Analysis for BSM
Full Factor Report for BSM
AMERICAN INTERNATIONAL GROUP INC (AIG) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: American International Group, Inc. is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 80 countries and jurisdictions. Its diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. Its segments consist of General Insurance, Life and Retirement, and Other Operations. General Insurance segment consists of two operating segments: North America and International. Life and Retirement segment consists of four operating segments: Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. North America and International segment consist of two product categories: Commercial Lines, which consists of Liability, Financial Lines, Property and Global Specialty, and Personal Insurance, which consists of Personal Lines, and Accident and Health.
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
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AMERICAN INTERNATIONAL GROUP INC
Full Guru Analysis for AIG
Full Factor Report for AIG
REALOGY HOLDINGS CORP (RLGY) is a mid-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Realogy Holdings Corp. is a provider of residential real estate services in United states. It operates through three segments: Realogy Franchise Group, Realogy Brokerage Group, and Realogy Title Group. The Realogy Franchise Group franchises the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty and Better Homes and Gardens Real Estate brand names. It also includes lead generation activities and global relocation services operation. The Realogy Brokerage Group operates a full-service real estate brokerage business under Coldwell Banker, Corcoran, and Sotheby's International Realty brand name. The Realogy Title Group provides full-service title, escrow and settlement services to consumers, real estate companies, corporations, and financial institutions with many of these services provided in connection with the Company's real estate brokerage and relocation services businesses. It also provides title agency and underwriting services.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of REALOGY HOLDINGS CORP
Full Guru Analysis for RLGY
Full Factor Report for RLGY
CHUY'S HOLDINGS INC (CHUY) is a small-cap growth stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Chuy's Holdings, Inc. develops and operates Chuy's restaurants, which is a full-service restaurant concept, offers a menu of Mexican and Tex-Mex inspired food. The Company operates 95 restaurants across 17 states of the United States. It offers the same menu during lunch and dinner, which includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, as well as a range of appetizers, soups and salads. Each of its restaurants also offers a variety of homemade sauces, including its signature Hatch Green Chile, Boom-Boom and Creamy Jalapeno sauces, all of which it makes from scratch daily in each restaurant. The Company enables its customers to customize their orders. In addition, it also offers a full-service bar in all of its restaurants provides a range of beverage, including its signature on-the-rocks margaritas made with fresh, hand-squeezed lime juice and the King's Punch, a made-to-order, hand-shaken rum cocktail served in its signature shaker.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of CHUY'S HOLDINGS INC
Full Guru Analysis for CHUY
Full Factor Report for CHUY
BLOOMIN' BRANDS INC (BLMN) is a mid-cap value stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Bloomin' Brands, Inc. is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States. The Company holds a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. OSI Restaurant Partners, LLC (OSI) is the Company's primary operating entity. The Company owns and operates 1,157 restaurants and franchised 317 restaurants across 47 states, Guam and 20 countries. Its Outback Steakhouse is a casual steakhouse restaurant concept focused on steaks, bold flavors and Australian decor. Its Carrabba's Italian Grill offers Italian cuisine dishes.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
Detailed Analysis of BLOOMIN' BRANDS INC
Full Guru Analysis for BLMN
Full Factor Report for BLMN
GENTHERM INC (THRM) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Gentherm Incorporated is a global developer and marketer of thermal management technologies for a range of heating, cooling and temperature control applications. The Company has two segments: Automotive and Medical. The Automotive segment comprises the results from its global automotive businesses. The Medical segment represents the combined results from its patient temperature management systems business, remote power generation systems business, Gentherm Global Power Technologies (GPT), environmental test equipment business, Cincinnati Sub Zero industrial chamber business (CSZ-IC) and non-automotive expenses from its research and development division. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing, and other consumer and industrial temperature control needs.
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: FAIL
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 GENTHERM INC
Full Guru Analysis for THRM
Full Factor Report for THRM
DIGITAL REALTY TRUST, INC. (DLR) is a large-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Digital Realty Trust Inc. is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. It provides data center, colocation and interconnection solutions for customers across a range of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. The Company portfolio consists of data centers which are located in the United States, Europe, Latin America, Asia, Australia and Canada. PlatformDIGITAL is its platform for centers of data exchange, interconnection, and colocation solutions.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of DIGITAL REALTY TRUST, INC.
Full Guru Analysis for DLR
Full Factor Report for DLR
HUNTSMAN CORPORATION (HUN) is a mid-cap value stock in the Chemicals - Plastics & Rubber industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Huntsman Corporation is a manufacturer of differentiated organic chemical products. The Company operates through four segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. The polyurethanes product segment includes methylene diphenyl diisocyanate (MDI), polyols, thermoplastic polyurethane (TPU), and other polyurethane-related products. Performance Products segment includes specialty amines, ethylene amines, maleic anhydride and technology licenses. Advanced Materials segment includes basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, and curing and toughening agents; epoxy, acrylic and polyurethane-based formulations; specialty nitrile latex, alkyd resins, and carbon nano-materials. Textile Effects segment is engaged in providing wet processing of textiles across pretreatment, coloration, printing and finishing and provides a diverse portfolio of textile chemicals and dyes.
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 HUNTSMAN CORPORATION
Full Guru Analysis for HUN
Full Factor Report for HUN
HERCULES CAPITAL INC (HTGC) is a mid-cap value stock in the Misc. Financial Services 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: Hercules Capital, Inc. is a specialty finance company. The Company is focused on providing senior secured loans to venture capital-backed companies in a range of technology, life sciences and sustainable and renewable technology industries. The Company is an internally managed, non-diversified, closed-end investment company. Its investment objective is to maximize its portfolio total return by generating current income from its debt investments and capital appreciation from its warrant and equity-related investments. The Company's primary business objectives are to increase its net income, net operating income and net asset value (NAV) by investing in structured debt with warrants and equity of venture capital-backed companies in technology-related industries with attractive current yields and the potential for equity appreciation and realized gains. The Company focuses its investments on companies active in the technology industry sub-sectors.
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: NEUTRAL
EPS GROWTH RATE: 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 HERCULES CAPITAL INC
Full Guru Analysis for HTGC
Full Factor Report for HTGC
FREEPORT-MCMORAN INC (FCX) is a large-cap value stock in the Metal Mining industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
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 FREEPORT-MCMORAN INC
Full Guru Analysis for FCX
Full Factor Report for FCX
OTTER TAIL CORPORATION (OTTR) is a mid-cap value stock in the Electric Utilities industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% 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: Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the generation, purchase, transmission, distribution and sale of electric energy in western Minnesota, eastern North Dakota and northeastern South Dakota. The Manufacturing segment consists of businesses in manufacturing activities, such as contract machining; metal parts stamping, fabrication and painting; and production of plastic thermoformed horticultural containers, life science and industrial packaging, material handling components, and extruded raw material stock. These businesses have manufacturing facilities in Georgia, Illinois and Minnesota and sell products primarily in the United States. The Plastics segment consists of businesses producing polyvinyl chloride (PVC) pipe at plants in North Dakota and Arizona. Its PVC pipes are sold primarily in the western half of the United States and Canada.
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 OTTER TAIL CORPORATION
Full Guru Analysis for OTTR
Full Factor Report for OTTR
PIONEER NATURAL RESOURCES CO (PXD) is a large-cap growth stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Pioneer Natural Resources Company (Pioneer) is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas.The Company conducts exploitation and exploration activities in the Spraberry/Wolfcamp field of the Permian Basin. The oil produced from the Permian Basin is West Texas Intermediate Sweet, and the gas produced is casinghead gas. The oil and gas are produced primarily from formations, the upper and lower Spraberry, the Jo Mill, the Dean, the Wolfcamp, the Strawn and the Atoka.
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: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PIONEER NATURAL RESOURCES CO
Full Guru Analysis for PXD
Full Factor Report for PXD
AUTONATION, INC. (AN) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: AutoNation, Inc. is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Ford, General Motors, and Stellantis. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Subaru, and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, Audi and Jaguar Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. Its automotive finance and insurance products (Customer Financial Services) includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AUTONATION, INC.
Full Guru Analysis for AN
Full Factor Report for AN
ANDERSONS INC (ANDE) is a small-cap value stock in the Crops industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: The Andersons, Inc. is a diversified company that operates in agriculture business. The Company conducts business across North America in the commodity trading, ethanol, and plant nutrient sectors. The Company operates through four segments: Trade Group, Plant Nutrient Group, Ethanol Group and Rail Group. Its Trade Group specializes in the movement and merchandising of physical commodities, such as whole grains and feed ingredients, while providing marketing and risk management services to customers. Its Plant Nutrient Group formulates, stores and distributes plant nutrients, specialty and industrial inputs, as well as corncob-based products. Its Ethanol Group operates five United States ethanol plants and provides risk management, ethanol and distiller dried grains marketing. Its Rail Group repairs and sells various types of railcars, locomotives and barges.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ANDERSONS INC
Full Guru Analysis for ANDE
Full Factor Report for ANDE
PRUDENTIAL FINANCIAL INC (PRU) is a large-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 83% 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: Prudential Financial, Inc. is a financial wellness company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses and Closed Block. The PGIM segment provides investment management services and solutions. The Retirement segment provides a range of retirement investment and income products and services. The Group Insurance segment provides a full range of group life, long-term and short-term group disability and trust-owned life insurance. The Individual Annuities segment distributes individual and fixed annuity products. The Individual Life segment distributes individual variable life and term products. The Assurance IQ segment offers a range of solutions to help meet consumers financial needs.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PRUDENTIAL FINANCIAL INC
Full Guru Analysis for PRU
Full Factor Report for PRU
ADVANCE AUTO PARTS, INC. (AAP) is a large-cap growth stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers (Professional) and do-it-yourself (DIY) customers, as well as independently owned operators. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. It operates through five segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. It operates approximately 4,806 total stores and 170 branches primarily under the trade names: Advance Auto Parts, Autopart International, Carquest and Worldpac. The Company offers products under categories, including parts & batteries, accessories & chemicals and engine maintenance.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ADVANCE AUTO PARTS, INC.
Full Guru Analysis for AAP
Full Factor Report for AAP
AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the Business Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company operates through three segments: nurse and allied solutions; physician and leadership solutions, and technology and workforce solutions. The nurse and allied solutions segment includes its travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions businesses. The physician and leadership solutions segment includes its locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement businesses. The technology and workforce solutions segment includes its language interpretation services, vendor management systems, workforce optimization, recruitment process outsourcing, credentialing, and flex pool management businesses.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AMN HEALTHCARE SERVICES, INC.
Full Guru Analysis for AMN
Full Factor Report for AMN
CONSUMER PORTFOLIO SERVICES, INC. (CPSS) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Consumer Portfolio Services, Inc. is a specialty finance company. The Company's business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the Company provides indirect financing to the customers of dealers who have limited credit histories or past credit problems, who it refers as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. The Company offers approximately eight different financing programs, and price to its customer, each program according to the relative credit risk. Its financing programs are First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.
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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
Detailed Analysis of CONSUMER PORTFOLIO SERVICES, INC.
Full Guru Analysis for CPSS
Full Factor Report for CPSS
REPSOL SA (ADR) (REPYY) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Repsol, S.A. (Repsol) is an integrated energy company. The Company's segments include Upstream, Downstream, and Corporation and others. The Upstream segment carries out oil and natural gas exploration and production activities, and manages its project portfolio. The Downstream segment includes covers the supply and trading of crude oil and other products; oil refining and marketing of oil products, and the production and marketing of chemicals. It owns and operates five refineries in Spain (Cartagena, A Coruna, Bilbao, Puertollano and Tarragona) with a combined distillation capacity of approximately 900 thousand barrels of oil per day. The Company operates La Pampilla refinery in Peru, which has an installed capacity of approximately 120 thousand barrels of oil per day. Its Chemicals division produces and commercializes a range of products, and its activities range from basic petrochemicals to derivatives.
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.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of REPSOL SA (ADR)
Full Guru Analysis for REPYY
Full Factor Report for REPYY
CYBEROPTICS CORPORATION (CYBE) is a small-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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: Cyberoptics Corporation is a global developer and manufacturer of three-dimensional (3D) sensors and system products for inspection and metrology. The Company develops and manufactures WaferSense products, which is a family of wireless, wafer-shaped sensors that provides measurements of critical factors in the semiconductor fabrication process. Its products include SQ3000 Multi-Function systems, MX3000 Automated Optical Inspection (AOI) system, WX3000 metrology, micron pixel 3D NanoResolution MRS sensor and inspection system. Q3000 Multi-Function system allows for inspection and metrology of features sizes down to 50-microns at in-line production speeds. MX3000 AOI system for 3D inspection of memory modules following the singulation step of the manufacturing process. micron pixel 3D NanoResolution MRS sensor, which is capable of measuring feature sizes down to 25 microns accurately and at high speeds. WX3000 metrology and inspection system for wafer and advanced packing applications.
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: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of CYBEROPTICS CORPORATION
Full Guru Analysis for CYBE
Full Factor Report for CYBE
ENERGY TRANSFER LP (ET) is a large-cap value stock in the Natural Gas Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Energy Transfer LP is an energy company, which owns and operates a portfolio of energy assets in the United States. The Company's operations include natural gas midstream and intrastate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling services, and acquisition and marketing activities, as well as NGL storage and fractionation services. The Company's business segments include Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USA Compression Partners, LP (USAC) and All Other Segment.
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: PASS
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ENERGY TRANSFER LP
Full Guru Analysis for ET
Full Factor Report for ET
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 globally 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 affiliates such as Equitable Holdings, Inc. (EQH) and its subsidiaries. Its Retail Services distributes 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, private and family corporations, 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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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
MATERION CORP (MTRN) is a small-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company's segments include Performance Alloys and Composites, Advanced Materials, and Precision Optics. Its Performance Alloys and Composites provides engineered solutions comprised of beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes. Its Advanced Materials produces chemicals, microelectric packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal preforms, high temperature braze materials, and ultra-fine wire. Its Precision Optics produces thin film coatings, optical filter materials, sputter-coated, and precision-converted thin film materials.
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: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MATERION CORP
Full Guru Analysis for MTRN
Full Factor Report for MTRN
TRAVELERS COMPANIES INC (TRV) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% 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 Travelers Companies, Inc. is a holding company principally engaged, through its subsidiaries, in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The Company's segments include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a range of property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world. The Bond & Specialty Insurance segment provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services to its customers in the United States. The Personal Insurance segment writes a range of property and casualty insurance covering individuals' personal risks.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: 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 TRAVELERS COMPANIES INC
Full Guru Analysis for TRV
Full Factor Report for TRV
OWENS CORNING (OC) is a mid-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 0% 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: Owens Corning is a provider of building and industrial materials. The Company manufactures and delivers a range of insulation, roofing, and fiberglass composite materials. It operates through three segments: Composites, Insulation, and Roofing. In the Composites segment, the Company manufactures, fabricates, and sells glass reinforcements in the form of fiber. Glass reinforcement materials are also used downstream by the Composites segment to manufacture and sell glass fiber products in the form of fabrics, non-wovens and other specialized products. Within the Insulation segment, the Company manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for both thermal and acoustical applications. Within the Roofing segment, the Company manufactures and sells residential roofing shingles, oxidized asphalt materials, roofing components used in residential and commercial construction and specialty applications, and synthetic packaging materials.
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 OWENS CORNING
Full Guru Analysis for OC
Full Factor Report for OC
GROCERY OUTLET HOLDING CORP (GO) is a mid-cap growth stock in the Retail (Grocery) 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: Grocery Outlet Holding Corp. is a retailer of name-brand consumables and fresh products sold through a network of independently operated stores. The Company operates approximately 400 stores throughout California, Washington, Oregon, Pennsylvania, Idaho, and Nevada. It purchases name-brand consumables and fresh products through a centralized purchasing team that manages supplier relationships to acquire merchandise. The Company distributes inventory through eight primary distribution centers. It operates three distribution centers and use five distribution centers operated by third parties. It has an in-house transportation fleet as well as transportation partner relationships that provides deliveries to its stores. The Company is focused on centralized marketing efforts primarily on digital ads, social media, television, and radio commercials, print circulars and in-store and outdoor signage.
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
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of GROCERY OUTLET HOLDING CORP
Full Guru Analysis for GO
Full Factor Report for GO
NATWEST GROUP PLC - ADR (NWG) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 100% 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: NatWest Group plc is a business and commercial bank in the United Kingdom (UK). It offers banking products and financial services to personal, business and commercial customers. Its segments include Retail Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International (RBSI), NatWest Markets (NWM), and Central items & other. Retail Banking segment serves individuals and customers. Ulster Bank RoI segment serves individuals and businesses in the Republic of Ireland (RoI). Commercial Banking segment serves start-up, small and mid-size enterprise (SME), commercial and corporate customers. Private Banking segment serves high net worth individuals and their business interests. RBSI segment serves retail, commercial, and corporate customers in the Channel Islands, Isle of Man and Gibraltar, and financial institution customers in those same locations in addition to the UK and Luxembourg. NWM segment helps corporate and institutional customers manage their financial risks.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: BONUS PASS
Detailed Analysis of NATWEST GROUP PLC - ADR
Full Guru Analysis for NWG
Full Factor Report for NWG
FEDERAL HOME LOAN MORTGAGE CORP (FMCC) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 78% 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: Federal Home Loan Mortgage Corporation is a government-sponsored enterprise (GSE). The Company is engaged in purchasing residential mortgage loans originated by lenders. The Company also invest in mortgage loans and mortgage-related securities. The Company operates through two segments: Single-family and Multifamily. The Single-family segment includes purchase, sale, securitization, and guarantee of single-family loans and securities, its investments in those loans and securities, the management of single-family mortgage credit risk and market risk, and any results of its treasury function that are not allocated to each segment. The Multifamily segment includes purchase, sale, securitization, and guarantee of multifamily loans and securities, its investments in those loans and securities, and the management of multifamily mortgage credit risk and market risk.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: FAIL
RETURN ON ASSETS: FAIL
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of FEDERAL HOME LOAN MORTGAGE CORP
Full Guru Analysis for FMCC
Full Factor Report for FMCC
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. |
21540.0 | 2022-02-15 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 2/15/2022 | AB | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-2-15-2022 | nan | nan | The following are today's upgrades for 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.
PFIZER INC. (PFE) is a large-cap value stock in the Biotechnology & Drugs industry. The rating according to our strategy based on John Neff changed from 40% 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: Pfizer Inc. (Pfizer) is a research-based global biopharmaceutical company. The Company is engaged in the discovery, development, manufacture, marketing, sales and distribution of biopharmaceutical products. Its global portfolio includes medicines and vaccines. The Company works across markets to develop wellness, prevention, treatments and cures. It collaborates with healthcare providers, governments and local communities to support and provide access to healthcare. Its medicines and vaccines provide value for healthcare providers and patients, through treatment of diseases, improvements in health, wellness. It sells its prescription pharmaceutical products to wholesalers, retailers, hospitals, clinics, government agencies and pharmacies. In the United States, it sells its vaccines products to the federal government, centers for disease control and prevention (CDC), wholesalers, individual provider offices, retail pharmacies and integrated delivery networks.
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 PFIZER INC.
Full Guru Analysis for PFE
Full Factor Report for PFE
TOTALENERGIES SE (ADR) (TTE) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on John Neff changed from 23% to 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: TotalEnergies SE is a France-based oil and gas company. It operates through four segments: Exploration and Production, Gas, Renewables & Power, Refining & Chemicals and Marketing & Services. Exploration & Production encompasses the exploration and production activities. Gas, Renewables & Power comprises gas activities conducted downstream of the production process and concerns natural gas, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), as well as power generation, gas and power trading and marketing. It also develops renewable energy activities (excluding biotechnologies) and the power storage. Energy efficiency activities are represented through a dedicated Innovation & Energy Efficiency division. Refining & Chemicals encompasses refining and petrochemical activities and Hutchinson's operations. It also includes oil Trading & Shipping activities. Marketing & Services includes worldwide supply and marketing activities in the oil products and services field.
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 TOTALENERGIES SE (ADR)
Full Guru Analysis for TTE
Full Factor Report for TTE
KILROY REALTY CORP (KRC) is a mid-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on John Neff changed from 38% to 77% 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: Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company operates in office and mixed-use submarkets along the West Coast. The Company owns, develops, acquires and manages real estate assets, consisting primarily of properties in the coastal regions of Greater Los Angeles, San Diego County, the San Francisco Bay Area and Greater Seattle. The Company owns its interests in all of its real estate assets through Kilroy Realty, L.P. (the Operating Partnership). Its stabilized portfolio includes all of its properties with the exception of development and redevelopment properties under construction or committed for construction, lease-up properties, real estate assets held for sale and undeveloped land. It has added three development projects to its stabilized portfolio, consisting of two buildings totaling approximately 252,486 square feet of office space in San Diego, California, and 193 residential units in Hollywood, California.
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: FAIL
EPS PERSISTENCE: FAIL
Detailed Analysis of KILROY REALTY CORP
Full Guru Analysis for KRC
Full Factor Report for KRC
LOCKHEED MARTIN CORPORATION (LMT) is a large-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on John Neff changed from 62% to 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: Lockheed Martin Corporation is a security and aerospace company. It operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Missiles and Fire Control segment provides air and missile defense systems; fire control systems; manned and unmanned ground vehicles, and energy management solutions. Rotary and Mission Systems segment provides design, manufacture, service and support for various military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. Space segment is engaged in the research and development, design, engineering and production of satellites, missile systems and space transportation systems.
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 LOCKHEED MARTIN CORPORATION
Full Guru Analysis for LMT
Full Factor Report for LMT
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 changed from 62% to 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: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally 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 affiliates such as Equitable Holdings, Inc. (EQH) and its subsidiaries. Its Retail Services distributes 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, private and family corporations, 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.
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 ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
EQUINOR ASA (ADR) (EQNR) is a large-cap value stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on John Neff changed from 23% to 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: Equinor ASA, formerly Statoil ASA, is a Norway-based energy company engaged in oil and gas exploration and production activities. The Company's segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company's upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids. DPI segment manages the Company's upstream activities that are not included in the DPN and Development and Production USA (DPUSA) business areas. MMP segment manages its marketing and trading activities related to oil products and natural gas, transportation, processing and manufacturing, and the development of oil and gas. Other segment includes activities in New Energy Solutions (NES), Technology, Projects and Drilling (TPD), Global Strategy and Business Development (GSB), and Corporate staffs and support functions.
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 EQUINOR ASA (ADR)
Full Guru Analysis for EQNR
Full Factor Report for EQNR
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. |
21541.0 | 2022-02-14 00:00:00 UTC | AllianceBernstein (AB) January AUM Down on Market Depreciation | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-january-aum-down-on-market-depreciation | nan | nan | AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for January 2022. The company’s preliminary month-end AUM of $751 billion declined 3.6% from the end of the prior month. Market depreciation more than offset total firm-wide net inflows, which led to the fall.
At the end of January, AllianceBernstein’s Equity AUM declined 6.9% sequentially to $335 billion. Also, Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was down 6.8% to $110 billion. Further, Fixed Income AUM was $306 billion, which witnessed a 3.2% decline from the end of December 2021.
In terms of channel, month-end Institutions AUM of $333 billion was down 1.2% from the previous month. Retail AUM was $300 billion, which declined 6.3% from the prior-month end, while Private Wealth AUM fell 3.3% to $118 billion.
AllianceBernstein’s global reach and solid assets balance is likely to boost top-line growth. However, unfavorable market performance remains a drag.
Over the past year, shares of the company rallied 30.5% against 5.2% 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 stocks here.
Performance of Other Asset Managers
Franklin Resources, Inc. BEN announced a preliminary AUM for January 2022. BEN's month-end AUM of $1,521.8 billion represented a decline of 3.6% from the previous month.
Franklin's AUM was affected by negative impacts of markets, while long-term net flows were flat.
Invesco IVZ announced a preliminary AUM for January 2022. IVZ's month-end AUM of $1,550.9 billion represented a decline of 3.7% from the previous month.
Invesco's AUM was affected by unfavorable market returns, which decreased it by $61 billion. Invesco's AUM declined by $2.1 billion as a result of foreign exchange rate movements.
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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 Holding L.P. AB announced assets under management (“AUM”) for January 2022. However, unfavorable market performance remains a drag. Invesco's AUM was affected by unfavorable market returns, which decreased it by $61 billion. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for January 2022. However, unfavorable market performance remains a drag. | AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for January 2022. However, unfavorable market performance remains a drag. Invesco's AUM was affected by unfavorable market returns, which decreased it by $61 billion. | AllianceBernstein Holding L.P. AB announced assets under management (“AUM”) for January 2022. However, unfavorable market performance remains a drag. Invesco's AUM was affected by unfavorable market returns, which decreased it by $61 billion. |
21542.0 | 2022-02-14 00:00:00 UTC | Has AllianceBernstein (AB) Outpaced Other Finance Stocks This Year? | AB | https://www.nasdaq.com/articles/has-alliancebernstein-ab-outpaced-other-finance-stocks-this-year | nan | nan | Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has AllianceBernstein (AB) been one of those stocks this year? 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 899 individual stocks in the Finance sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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).
Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 6.5% 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 0.6% so far this year. In comparison, Finance companies have returned an average of -0.3%. As we can see, AllianceBernstein is performing better than its sector in the calendar year.
Another stock in the Finance sector, Assurant (AIZ), has outperformed the sector so far this year. The stock's year-to-date return is 3.9%.
In Assurant's case, the consensus EPS estimate for the current year increased 0.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AllianceBernstein belongs to the Financial - Investment Management industry, a group that includes 45 individual companies and currently sits at #84 in the Zacks Industry Rank. On average, this group has lost an average of 12.6% so far this year, meaning that AB is performing better in terms of year-to-date returns.
On the other hand, Assurant belongs to the Insurance - Multi line industry. This 33-stock industry is currently ranked #189. The industry has moved +3.7% year to date.
Investors interested in the Finance sector may want to keep a close eye on AllianceBernstein and Assurant as they attempt to continue their solid performance.
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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. | Has AllianceBernstein (AB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 6.5% higher. Based on the most recent data, AB has returned 0.6% so far this year. | Has AllianceBernstein (AB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 6.5% higher. Based on the most recent data, AB has returned 0.6% so far this year. | Has AllianceBernstein (AB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 6.5% higher. Based on the most recent data, AB has returned 0.6% so far this year. | Has AllianceBernstein (AB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 6.5% higher. Based on the most recent data, AB has returned 0.6% so far this year. |
21543.0 | 2022-02-14 00:00:00 UTC | Best Income Stocks to Buy for February 14th | AB | https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-february-14th | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 14th:
AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% 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 (Strong Buy) company has a dividend yield of 7.24%, compared with the industry average of 2.04%.
AllianceBernstein Holding L.P. Dividend Yield (TTM)
AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote
Trinseo TSE: This materials solutions provider and manufacturer of plastics and latex binders has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
Trinseo PLC Price and Consensus
Trinseo PLC price-consensus-chart | Trinseo PLC Quote
This Zacks Rank #1 company has a dividend yield of 2.21%, compared with the industry average of 0.00%.
Trinseo PLC Dividend Yield (TTM)
Trinseo PLC dividend-yield-ttm | Trinseo PLC Quote
D.R. Horton DHI: This one of the leading national homebuilders has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
D.R. Horton, Inc. Price and Consensus
D.R. Horton, Inc. price-consensus-chart | D.R. Horton, Inc. Quote
This Zacks Rank #1 company has a dividend yield of 1.07%, compared with the industry average of 0.00%.
D.R. Horton, Inc. Dividend Yield (TTM)
D.R. Horton, Inc. dividend-yield-ttm | D.R. Horton, Inc. Quote
See the full list of top ranked stocks 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. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 14th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 14th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 14th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 14th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report |
21544.0 | 2022-02-14 00:00:00 UTC | New Strong Buy Stocks for February 14th | AB | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-february-14th | nan | nan | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Lithia Motors LAD: This one of the leading automotive retailers of new and used vehicles in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.
Lithia Motors, Inc. Price and Consensus
Lithia Motors, Inc. price-consensus-chart | Lithia Motors, Inc. Quote
Pilgrim's Pride PPC: This company that focuses on strengthening its Prepared Foods category has seen the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days.
Pilgrim's Pride Corporation Price and Consensus
Pilgrim's Pride Corporation price-consensus-chart | Pilgrim's Pride Corporation Quote
Trinseo TSE: This materials solutions provider and manufacturer of plastics and latex binders has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
Trinseo PLC Price and Consensus
Trinseo PLC price-consensus-chart | Trinseo PLC Quote
AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
AllianceBernstein Holding L.P. Price and Consensus
AllianceBernstein Holding L.P. price-consensus-chart | AllianceBernstein Holding L.P. Quote
Amalgamated Financial AMAL: This full-service commercial bank and a chartered trust company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.
Amalgamated Financial Corp. Price and Consensus
Amalgamated Financial Corp. price-consensus-chart | Amalgamated Financial Corp. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
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Trinseo PLC (TSE): Free Stock Analysis Report
Amalgamated Financial Corp. (AMAL): 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. | Trinseo PLC Price and Consensus Trinseo PLC price-consensus-chart | Trinseo PLC Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Trinseo PLC Price and Consensus Trinseo PLC price-consensus-chart | Trinseo PLC Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Trinseo PLC Price and Consensus Trinseo PLC price-consensus-chart | Trinseo PLC Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Trinseo PLC Price and Consensus Trinseo PLC price-consensus-chart | Trinseo PLC Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report |
21545.0 | 2022-02-11 00:00:00 UTC | Financial Sector Update for 02/11/2022: ITUB, AB, APO, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-02-11-2022%3A-itub-ab-apo-xlf-fas-faz | nan | nan | Financial stocks were declining premarket Friday with the Select Financial Sector SPDR (XLF) recently slipping by 0.12%. The Direxion Daily Financial Bull 3X shares (FAS) were 0.37% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down by 0.36%.
Itau Unibanco (ITUB) reported late Thursday Q4 earnings of 0.64 Brazilian reais ($0.12) per share, down from 0.78 reais a year earlier. Itau Unibanco shares were gaining more than 6%.
AllianceBernstein Holding (AB) shares were rallying past 4% as it reported Q4 adjusted earnings of $1.29 per diluted share, up from $0.97 a year ago. Analysts polled by Capital IQ estimated $1.
Apollo Global Management (APO) reported Q4 distributable earnings of $1.05 per share, up from $0.72 a year earlier. Analysts polled by Capital IQ expected distributable EPS of $1.09. Separately, Apollo is close to reaching a deal with Worldline to buy the European payment firm's point-of-sale terminal business for about $2.3 billion, The Wall Street Journal reported, citing unnamed people familiar with the matter. Apollo shares were down more than 2% 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. | Apollo Global Management (APO) reported Q4 distributable earnings of $1.05 per share, up from $0.72 a year earlier. Analysts polled by Capital IQ expected distributable EPS of $1.09. Separately, Apollo is close to reaching a deal with Worldline to buy the European payment firm's point-of-sale terminal business for about $2.3 billion, The Wall Street Journal reported, citing unnamed people familiar with the matter. | Apollo Global Management (APO) reported Q4 distributable earnings of $1.05 per share, up from $0.72 a year earlier. Analysts polled by Capital IQ expected distributable EPS of $1.09. AllianceBernstein Holding (AB) shares were rallying past 4% as it reported Q4 adjusted earnings of $1.29 per diluted share, up from $0.97 a year ago. | AllianceBernstein Holding (AB) shares were rallying past 4% as it reported Q4 adjusted earnings of $1.29 per diluted share, up from $0.97 a year ago. Apollo Global Management (APO) reported Q4 distributable earnings of $1.05 per share, up from $0.72 a year earlier. Analysts polled by Capital IQ expected distributable EPS of $1.09. | Apollo Global Management (APO) reported Q4 distributable earnings of $1.05 per share, up from $0.72 a year earlier. AllianceBernstein Holding (AB) shares were rallying past 4% as it reported Q4 adjusted earnings of $1.29 per diluted share, up from $0.97 a year ago. Analysts polled by Capital IQ expected distributable EPS of $1.09. |
21546.0 | 2022-02-11 00:00:00 UTC | AllianceBernstein Holding Q4 21 Earnings Conference Call At 10:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-q4-21-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 Feb. 11, 2022, to discuss Q4 21 earnings results.
To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html
To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 2091524.
For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 2091524.
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 Feb. 11, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 2091524. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 2091524. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Feb. 11, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 2091524. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 2091524. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Feb. 11, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 2091524. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 2091524. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 10:00 AM ET on Feb. 11, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://www.alliancebernstein.com/corporate/en/investor-relations/news-center/events.html To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 2091524. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 2091524. |
21547.0 | 2022-02-09 00:00:00 UTC | The 7 Highest Dividend Stocks for Income Investors | AB | https://www.nasdaq.com/articles/the-7-highest-dividend-stocks-for-income-investors | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Dividend stocks are an important part of your investment portfolio. Growth stocks are a great way to grow your overall wealth over a long period, but adding dividend stocks to the mix provides an ongoing income flow. You can use that income to help cover your living expenses, or you can turn around and plow it back into your portfolio. Either way, those regular payments are a win.
When choosing dividend stocks, a degree of caution is required. Some companies are struggling and offer a big dividend in the hopes of attracting investors who might otherwise stay far away. But that’s not always sustainable. Therefore, a high dividend yield can be a warning sign. However, it’s possible to find dividend stocks that offer a high dividend yield while also providing a stable investment.
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These seven companies make the cut:
Alliancebernstein Holding (NYSE:AB)
Cheniere Energy Partners (NYSEAMERICAN:CQP)
Gilead Sciences (NASDAQ:GILD)
LyondellBasell Industries (NYSE:LYB)
OneMain Holdings (NYSE:OMF)
Southern Copper (NYSE:SCCO)
Western Union (NYSE:WU)
Remember, these companies aren’t on the list for their spectacular growth potential — although some are doing quite well. The focus is on their high dividend yield.
Dividend Stocks: AllianceBernstein Holding (AB)
Source: Ruslan Ivantsov / Shutterstock.com
AllianceBernstein is a global investment company with a 50+ year history. It has locations across six continents, including research and wealth management offices, but calls Nashville home. The company is profitable, returning adjusted EPS (earnings per share) of 89 cents in its last quarter, with revenue for the quarter rising 21.1% to hit $1.09 billion. AB stock had been on a modest growth trajectory since 2017, but that accelerated through the pandemic. While AB is currently up by less than 1% in 2022, for the past 12 months it’s posted a 24% gain.
That’s not why AB stock is on this list, however. It’s here because AllianceBernstein has a solid history, a solid business model, a solid history of dividend payment and a high dividend yield. The company even continued to pay out its quarterly cash dividend through the pandemic. With a current dividend yield of 7.7%, AllianceBernstein tops this list of highest dividend stocks.
At the time of publication, AB stocked earned an “A” rating in Dividend Grader.
Cheniere Energy Partners (CQP)
Source: Shutterstock
Cheniere Energy Partners is an energy company with a focus on LNG (liquid natural gas), including production, storage and transportation. Renewable energy and EVs are getting all the attention these days, but natural gas is going to continue to play a big role for years. LNG is particularly attractive because it offers the ability to transport natural gas out of the U.S. to markets like Asia and Europe, where prices have been going through the roof and supply is severely constrained.
The CQP stock story has been one of slow but steady growth since 2009. There was a rough patch in 2020 when natural gas stocks were all but written off, but CQP is now well above pre-pandemic levels.
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More importantly in the context of being counted among the top high-paying dividend stocks, Cheniere has been consistent and generous with those quarterly payments to shareholders. Its latest was announced in January, a quarterly payment of 70 cents per share. Cheniere’s dividend ratio is a very tempting 5.9%.
The current Dividend Grader rating for CQP stock is “B.”
Dividend Stocks: Gilead Sciences (GILD)
Source: Sundry Photography / Shutterstock.com
Biopharmaceutical stocks featured prominently in many portfolios starting in 2020. A high number of these were speculative plays, rolling the dice on startups hoping that they would win the race to develop a Covid-19 vaccine.
Gilead Sciences represents a much different biopharmaceutical investment. This an established company with a market cap of over $80 billion. It has a drug used in Covid-19 treatment (remdesivir), but has an established portfolio of treatments for ailments including HIV, hepatitis and influenza. GILD stock hasn’t been a great performer over the past six years, but the company’s not going anywhere, and all it takes is one drug in its pipeline to be a hit for GILD to surge again.
While the stock may not be a good pick for a growth portfolio, Gilead pays shareholders a regular quarterly dividend. At this point, GILD stock offers a dividend ratio of 4.6%.
Check the Dividend Grader rating for GILD stock and you’ll find it is an “B.”
LyondellBasell Industries (LYB)
Source: Flagmania / Shutterstock.com
LyondellBasell is a Dutch petrochemical giant. The company is one of the world’s largest producers of plastics and chemicals and the biggest producer of polypropylene compounds. Regardless of how you might feel about plastics, polypropylene in particular is an irreplaceable part of many manufacturing processes, including automotive, household appliances and construction materials. Demand for the material has helped LYB stock to post growth of 7.8% over the past 12 months.
7 Stocks That Will Win Whether It's a Bull or Bear Market
Just as the world’s demand for plastics and chemicals has never abated, neither has LyondellBasell’s commitment to rewarding shareholders with regular, quarterly dividend payments. That gives this stock a dividend yield of 4.5%.
LYB stock currently scores an “B” rating in Dividend Grader.
Dividend Stocks: OneMain Holdings (OMF)
Source: Shutterstock
When I think of financial services companies, I tend to think of New York. OneMain Holdings stands out from the pack with its headquarters in Evansville, Indiana. Not exactly a financial capital — but I’m sure it saves a fortune in rent.
OneMain Holdings is performing very well. In February, the company reported its fourth quarter and full year 2021 results. Net income was $1.3 billion for the year, up 78% year-over-year. The stellar quarter included a announcement that would catch the attention of any investors looking for dividend stocks. The company will be raising its regular quarterly dividend payment by 36% to 95 cents per share. With a dividend yield of 7.1%, this is a company that should be on your short list.
At the time of publication, OMF stock is rated as an “A” in Dividend Grader.
Southern Copper (SCCO)
Source: Shutterstock
Copper stocks have been in the spotlight for several years now. Already in high demand, copper plays a key role in EVs, green energy initiatives and infrastructure upgrades. That ongoing demand and the fact that copper is a finite resource is probably reason enough for adding a copper stock to your portfolio.
With Southern Copper, you are investing in one of the world’s largest vertically integrated copper producers in the world. Operating through South and Central America, it also has the industry’s largest proven copper reserves. SCCO stock has delivered a 77% return over the past five years. At the end of January, the company announced a quarterly dividend of $1 per share.
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Dividends haven’t always been that generous. For example, in 2016 when copper prices hit a seven year low, the quarterly dividend was slashed as low as 3 cents per share. But Southern Copper still paid that dividend and then raised it as market conditions allowed. At this point, the company has a 6.1% dividend yield — and the relentlessly growing demand for Copper means SCCO is likely to remain on this list of highest dividend stocks for some time.
The current Dividend Grader rating for SCCO stock is “A.”
Dividend Stocks: Western Union (WU)
Source: 360b / Shutterstock.com
Everyone knows Western Union. The company’s name is practically synonymous with money transfers and wire transfers. In fact, Western Union is considered to be the world’s largest money transfer service. And it has a history stretching back to 1851. Good luck beating that longevity if you’re looking for companies that offer stability.
Western Union also has a long history of delivering quarterly dividend payments and a consistent pattern of boosting the amount each year. With a current dividend yield of 5.1%, WU stock has earned its place on this dividend stocks list.
At the time of publication, WU stock is rated as an “A” in Dividend Grader.
On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
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The post The 7 Highest Dividend Stocks for Income Investors 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. | LNG is particularly attractive because it offers the ability to transport natural gas out of the U.S. to markets like Asia and Europe, where prices have been going through the roof and supply is severely constrained. Regardless of how you might feel about plastics, polypropylene in particular is an irreplaceable part of many manufacturing processes, including automotive, household appliances and construction materials. 7 Stocks That Will Win Whether It's a Bull or Bear Market Just as the world’s demand for plastics and chemicals has never abated, neither has LyondellBasell’s commitment to rewarding shareholders with regular, quarterly dividend payments. | 7 EV Stocks With Key Product Launches In 2022 These seven companies make the cut: Alliancebernstein Holding (NYSE:AB) Cheniere Energy Partners (NYSEAMERICAN:CQP) Gilead Sciences (NASDAQ:GILD) LyondellBasell Industries (NYSE:LYB) OneMain Holdings (NYSE:OMF) Southern Copper (NYSE:SCCO) Western Union (NYSE:WU) Remember, these companies aren’t on the list for their spectacular growth potential — although some are doing quite well. But that’s not always sustainable. However, it’s possible to find dividend stocks that offer a high dividend yield while also providing a stable investment. | 7 EV Stocks With Key Product Launches In 2022 These seven companies make the cut: Alliancebernstein Holding (NYSE:AB) Cheniere Energy Partners (NYSEAMERICAN:CQP) Gilead Sciences (NASDAQ:GILD) LyondellBasell Industries (NYSE:LYB) OneMain Holdings (NYSE:OMF) Southern Copper (NYSE:SCCO) Western Union (NYSE:WU) Remember, these companies aren’t on the list for their spectacular growth potential — although some are doing quite well. But that’s not always sustainable. However, it’s possible to find dividend stocks that offer a high dividend yield while also providing a stable investment. | But that’s not always sustainable. However, it’s possible to find dividend stocks that offer a high dividend yield while also providing a stable investment. 7 EV Stocks With Key Product Launches In 2022 These seven companies make the cut: Alliancebernstein Holding (NYSE:AB) Cheniere Energy Partners (NYSEAMERICAN:CQP) Gilead Sciences (NASDAQ:GILD) LyondellBasell Industries (NYSE:LYB) OneMain Holdings (NYSE:OMF) Southern Copper (NYSE:SCCO) Western Union (NYSE:WU) Remember, these companies aren’t on the list for their spectacular growth potential — although some are doing quite well. |
21548.0 | 2022-02-08 00:00:00 UTC | Best Income Stocks to Buy for February 8th | AB | https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-february-8th | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 8th:
AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% 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 (Strong Buy) company has a dividend yield of 7.65%, compared with the industry average of 2.04%.
AllianceBernstein Holding L.P. Dividend Yield (TTM)
AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote
National Steel SID: This ne of the largest fully integrated steel producers in Brazil and Latin America in terms of crude steel production has witnessed the Zacks Consensus Estimate for its next year earnings increasing 16.9% over the last 60 days.
National Steel Company Price and Consensus
National Steel Company price-consensus-chart | National Steel Company Quote
This Zacks Rank #1 company has a dividend yield of 7.19%, compared with the industry average of 0.81%.
National Steel Company Dividend Yield (TTM)
National Steel Company dividend-yield-ttm | National Steel Company Quote
Valero Energy VLO: This largest independent refiner and marketer of petroleum products in the United States has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.
Valero Energy Corporation Price and Consensus
Valero Energy Corporation price-consensus-chart | Valero Energy Corporation Quote
This Zacks Rank #1 company has a dividend yield of 4.37%, compared with the industry average of 0.00%.
Valero Energy Corporation Dividend Yield (TTM)
Valero Energy Corporation dividend-yield-ttm | Valero Energy Corporation Quote
See the full list of top ranked stocks here.
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To read this article on Zacks.com 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. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 8th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. Dividend Yield (TTM) AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote National Steel SID: This ne of the largest fully integrated steel producers in Brazil and Latin America in terms of crude steel production has witnessed the Zacks Consensus Estimate for its next year earnings increasing 16.9% over the last 60 days. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 8th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report National Steel Company Price and Consensus National Steel Company price-consensus-chart | National Steel Company Quote This Zacks Rank #1 company has a dividend yield of 7.19%, compared with the industry average of 0.81%. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 8th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. Dividend Yield (TTM) AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote National Steel SID: This ne of the largest fully integrated steel producers in Brazil and Latin America in terms of crude steel production has witnessed the Zacks Consensus Estimate for its next year earnings increasing 16.9% over the last 60 days. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 8th: AllianceBernstein AB: This company that provides diversified investment management services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report National Steel Company Price and Consensus National Steel Company price-consensus-chart | National Steel Company Quote This Zacks Rank #1 company has a dividend yield of 7.19%, compared with the industry average of 0.81%. |
21549.0 | 2022-02-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 2/6/2022 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-2-6-2022 | 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.
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 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: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally 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 affiliates such as Equitable Holdings, Inc. (EQH) and its subsidiaries. Its Retail Services distributes 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, private and family corporations, 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.
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 ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB>
Full Factor Report for AB>
BANK OF MONTREAL (USA) (BMO) is a large-cap value stock in the Regional 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: Bank of Montreal (the Bank) is a Canada-based financial services provider. The Bank provides a range of personal and commercial banking, wealth management, global markets and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets. The Personal and Commercial Banking business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking and the United States Personal and Commercial Banking. Its BMO Wealth Management business serves a range of client segments, from mainstream to high net worth and institutional, with an offering of wealth management products and services, including insurance. Its BMO Capital Markets business provides a range of products and services to corporate, institutional and government clients, through its investment and corporate banking and global markets lines of business.
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 BANK OF MONTREAL (USA)
Full Guru Analysis for BMO>
Full Factor Report for BMO>
CONNECTONE BANCORP INC (CNOB) is a small-cap value stock in the Regional 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: ConnectOne Bancorp, Inc. is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Company offers a range of deposit and loan products and services. The Company also provide a range of other banking services. The Company's products and services provided include personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, credit cards, wire transfers, access to automated teller services, internet banking, treasury direct, automated clearing house (ACH) origination, and mobile banking by phone. It also offers safe deposit boxes. The Bank also offers remote deposit capture banking for business clients, providing the ability to electronically scan and transmit checks for deposit, reducing time and cost.
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 CONNECTONE BANCORP INC
Full Guru Analysis for CNOB>
Full Factor Report for CNOB>
PRIMERICA, INC. (PRI) is a mid-cap value stock in the Insurance (Life) 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: Primerica Inc. (Primerica) is a provider of financial products to middle-income households in the United States and Canada. The Company's segments include Term Life Insurance, and Investment and Savings Products. The Company distribute the term life insurance products through its three-issuing life insurance company subsidiaries: Primerica Life Insurance Company (Primerica Life), National Benefit Life Insurance Company (NBLIC), and Primerica Life Insurance Company of Canada (Primerica Life Canada). The Investment and Savings Products segment includes mutual funds, managed investments, variable annuity, and fixed annuity products of several third-party companies. It provides investment advisory and administrative services for client assets invested in its managed investments program. It also performs distinct transfer agent recordkeeping services and non-bank custodial services for investors purchasing certain mutual funds it distributes.
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: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of PRIMERICA, INC.
Full Guru Analysis for PRI>
Full Factor Report for PRI>
TOWNEBANK (TOWN) is a mid-cap value stock in the Regional 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: Towne Bank is primarily engaged in offering a range of banking and other financial services. The Company operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, resort property management, originations of a variety of mortgage loans, and commercial and residential title insurance. The Insurance segment provides full-service commercial and retail insurance, and employee benefit services. The Company offers an array of business and personal banking solutions. It operates over 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina. The Company's subsidiaries include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, LLC, Towne Benefits, TowneBank Commercial Mortgage, LLC, Towne 1031 Exchange, LLC and Towne Vacations, LLC.
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 TOWNEBANK
Full Guru Analysis for TOWN>
Full Factor Report for TOWN>
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. |
21550.0 | 2022-02-01 00:00:00 UTC | New Strong Buy Stocks for February 1st | AB | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-february-1st | nan | nan | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Lennar LEN: This company engaged in homebuilding and financial services in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.
Lennar Corporation Price and Consensus
Lennar Corporation price-consensus-chart | Lennar Corporation Quote
MarineMax HZO: This nation's largest recreational boat and yacht retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
MarineMax, Inc. Price and Consensus
MarineMax, Inc. price-consensus-chart | MarineMax, Inc. Quote
Nucor NUE: This leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 14.8% over the last 60 days.
Nucor Corporation Price and Consensus
Nucor Corporation price-consensus-chart | Nucor Corporation Quote
AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days.
AllianceBernstein Holding L.P. Price and Consensus
AllianceBernstein Holding L.P. price-consensus-chart | AllianceBernstein Holding L.P. Quote
Robert Half International RHI: This one of the world's largest providers of professional consulting and staffing services has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
Robert Half International Inc. Price and Consensus
Robert Half International Inc. price-consensus-chart | Robert Half International Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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
Nucor Corporation (NUE): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
Lennar Corporation (LEN): Free Stock Analysis Report
Robert Half International Inc. (RHI): Free Stock Analysis Report
MarineMax, Inc. (HZO): 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. | Nucor Corporation Price and Consensus Nucor Corporation price-consensus-chart | Nucor Corporation Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Lennar LEN: This company engaged in homebuilding and financial services in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. | Nucor Corporation Price and Consensus Nucor Corporation price-consensus-chart | Nucor Corporation Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. Price and Consensus AllianceBernstein Holding L.P. price-consensus-chart | AllianceBernstein Holding L.P. Quote Robert Half International RHI: This one of the world's largest providers of professional consulting and staffing services has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. | Nucor Corporation Price and Consensus Nucor Corporation price-consensus-chart | Nucor Corporation Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Lennar Corporation Price and Consensus Lennar Corporation price-consensus-chart | Lennar Corporation Quote MarineMax HZO: This nation's largest recreational boat and yacht retailer has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days. | Nucor Corporation Price and Consensus Nucor Corporation price-consensus-chart | Nucor Corporation Quote AllianceBernstein AB: This company that provides diversified investment management services has seen the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Lennar LEN: This company engaged in homebuilding and financial services in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. |
21551.0 | 2022-02-01 00:00:00 UTC | Best Income Stocks to Buy for February 1st | AB | https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-february-1st | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 1st:
AllianceBernstein AB: This diversified investment management service provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% 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 (Strong Buy) company has a dividend yield of 7.81%, compared with the industry average of 2.15%.
AllianceBernstein Holding L.P. Dividend Yield (TTM)
AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote
Sociedad Quimica y Minera SQM: This company that produces fertilizer and iodine has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days.
Sociedad Quimica y Minera S.A. Price and Consensus
Sociedad Quimica y Minera S.A. price-consensus-chart | Sociedad Quimica y Minera S.A. Quote
This Zacks Rank #1 company has a dividend yield of 7.15%, compared with the industry average of 1.27%.
Sociedad Quimica y Minera S.A. Dividend Yield (TTM)
Sociedad Quimica y Minera S.A. dividend-yield-ttm | Sociedad Quimica y Minera S.A. Quote
Franchise Group FRG: This indirect parent company of Liberty Tax Service and Buddy's Home Furnishings has witnessed the Zacks Consensus Estimate for its next year earnings increasing 10.2% over the last 60 days.
Franchise Group, Inc. Price and Consensus
Franchise Group, Inc. price-consensus-chart | Franchise Group, Inc. Quote
This Zacks Rank #1 company has a dividend yield of 5.19%, compared with the industry average of 0.00%.
Franchise Group, Inc. Dividend Yield (TTM)
Franchise Group, Inc. dividend-yield-ttm | Franchise Group, Inc. Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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
Sociedad Quimica y Minera S.A. (SQM): Free Stock Analysis Report
Franchise Group, Inc. (FRG): 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. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 1st: AllianceBernstein AB: This diversified investment management service provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Sociedad Quimica y Minera S.A. Dividend Yield (TTM) Sociedad Quimica y Minera S.A. dividend-yield-ttm | Sociedad Quimica y Minera S.A. Quote Franchise Group FRG: This indirect parent company of Liberty Tax Service and Buddy's Home Furnishings has witnessed the Zacks Consensus Estimate for its next year earnings increasing 10.2% over the last 60 days. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 1st: AllianceBernstein AB: This diversified investment management service provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. Price and Consensus AllianceBernstein Holding L.P. price-consensus-chart | AllianceBernstein Holding L.P. Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 7.81%, compared with the industry average of 2.15%. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 1st: AllianceBernstein AB: This diversified investment management service provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report AllianceBernstein Holding L.P. Dividend Yield (TTM) AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote Sociedad Quimica y Minera SQM: This company that produces fertilizer and iodine has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days. | Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 1st: AllianceBernstein AB: This diversified investment management service provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Sociedad Quimica y Minera S.A. Dividend Yield (TTM) Sociedad Quimica y Minera S.A. dividend-yield-ttm | Sociedad Quimica y Minera S.A. Quote Franchise Group FRG: This indirect parent company of Liberty Tax Service and Buddy's Home Furnishings has witnessed the Zacks Consensus Estimate for its next year earnings increasing 10.2% over the last 60 days. |
21552.0 | 2022-01-26 00:00:00 UTC | U.S. House speaker Pelosi's stock trades attract growing following online | AB | https://www.nasdaq.com/articles/u.s.-house-speaker-pelosis-stock-trades-attract-growing-following-online | nan | nan | By Noel Randewich
Jan 26 (Reuters) - A year since a Reddit-driven retail trading frenzy rocked the markets and created the 'meme stock' phenomenon, leading U.S. lawmaker Nancy Pelosi's investments have become a meme in their own right.
Google searches for 'Pelosi stock trades' hit a record high earlier this month as users on social media platforms including Twitter, Reddit, Youtube and TikTok scrutinize her investments, believing the U.S. Speaker of the House may have an edge on Wall Street.
Discussion of Pelosi's trades is a recurring theme on social media including 'wallstreetbets', the Reddit forum where retail investors banded together a year ago to coordinate frenzied buying of video games retailer GameStop GME.N and other companies, which eventually became known as meme stocks.
Trade disclosures filed by Pelosi, a multi-millionaire, are shared widely across social media soon after they appear on the House website. Companies she disclosed trades in last year include Apple AAPL.O, Amazon AMZN.O, Tesla TSLA.O and Microsoft MSFT.O.
Like other Congressional lawmakers, Pelosi is legally required to file disclosures of her stock trades. Her reports have garnered growing attention amid a massive uptick in retail trading - as well as recent calls to ban lawmakers from trading at all, a debate Pelosi has been pulled into in recent weeks.
On Monday, 27 House members signed a letter calling for a floor vote on recent proposals to prohibit Congress members from owning stocks "in light of recent misconduct."
That was the latest push to ban stock trading by lawmakers after Pelosi in December defended their rights to trade. In a reversal, Pelosi last week signaled her willingness to potentially advance legislation that could ban stock trading by lawmakers.
Last year, Pelosi filed transaction reports showing her husband, financier Paul Pelosi, made trades valued at as much as $5 million at a time in 'Big Tech' companies now facing an antitrust bill in Congress. Those companies are also among the most widely held across Wall Street, making investing in them relatively common.
A 2012 law makes it illegal for lawmakers to use information from their work in Congress for their personal gain. The law requires them to disclose stock transactions by themselves or family members within 45 days.
Transaction reports are typically filed days after the actual purchases and sales, making it potentially difficult for traders aiming to mimic lawmakers' specific trades.
"It's nonsense, it's very hard to replicate what other people are doing and gain some edge," said Sahak Manuelian, Managing Director of Trading at Wedbush Securities in Los Angeles.
That has not stopped users on TikTok from focusing on her disclosures, with one video clip about her husband's recent options purchases in companies including Alphabet GOOGL.O, Micron Technology MU.O and Roblox RBLX.N earning 45,000 likes.
Companies in Pelosi's 2021 trading disclosures
Apple AAPL.O
Tesla TSLA.O
Amazon AMZN.O
Alphabet GOOGL.O
Microsoft MSFT.O
Walt Disney Co DIS.N
Nvidia NVDA.O
Slack Technologies
Micron Technology MU.O
Roblox RBLX.N
Salesforce.com CRM.N
AllianceBernstein Holding AB.N
Still, a recent analysis by Unusual Whales, a service selling financial data, concluded that Congressional lawmakers last year traded $290 million in stocks, options, cryptocurrency and other assets, and that they outperformed the market, on average.
Pelosi's performance ranked sixth-best in 2021, with Republican Congressman Austin Scott leading the way, according to the analysis.
The Justice Department ended investigations of stock trades by at least three senators ahead of the 2020 market slump, caused by the coronavirus pandemic, without filing charges.
(Reporting by Noel Randewich; Editing by Ira Iosebashvili, Michelle Price and Kenneth Maxwell)
((noel.randewich@tr.com; Twitter: @randewich;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That has not stopped users on TikTok from focusing on her disclosures, with one video clip about her husband's recent options purchases in companies including Alphabet GOOGL.O, Micron Technology MU.O and Roblox RBLX.N earning 45,000 likes. Companies in Pelosi's 2021 trading disclosures Apple AAPL.O Tesla TSLA.O Amazon AMZN.O Alphabet GOOGL.O Microsoft MSFT.O Walt Disney Co DIS.N Nvidia NVDA.O Slack Technologies Micron Technology MU.O Roblox RBLX.N Salesforce.com CRM.N AllianceBernstein Holding AB.N Still, a recent analysis by Unusual Whales, a service selling financial data, concluded that Congressional lawmakers last year traded $290 million in stocks, options, cryptocurrency and other assets, and that they outperformed the market, on average. By Noel Randewich Jan 26 (Reuters) - A year since a Reddit-driven retail trading frenzy rocked the markets and created the 'meme stock' phenomenon, leading U.S. lawmaker Nancy Pelosi's investments have become a meme in their own right. | That has not stopped users on TikTok from focusing on her disclosures, with one video clip about her husband's recent options purchases in companies including Alphabet GOOGL.O, Micron Technology MU.O and Roblox RBLX.N earning 45,000 likes. Companies in Pelosi's 2021 trading disclosures Apple AAPL.O Tesla TSLA.O Amazon AMZN.O Alphabet GOOGL.O Microsoft MSFT.O Walt Disney Co DIS.N Nvidia NVDA.O Slack Technologies Micron Technology MU.O Roblox RBLX.N Salesforce.com CRM.N AllianceBernstein Holding AB.N Still, a recent analysis by Unusual Whales, a service selling financial data, concluded that Congressional lawmakers last year traded $290 million in stocks, options, cryptocurrency and other assets, and that they outperformed the market, on average. Companies she disclosed trades in last year include Apple AAPL.O, Amazon AMZN.O, Tesla TSLA.O and Microsoft MSFT.O. | Companies in Pelosi's 2021 trading disclosures Apple AAPL.O Tesla TSLA.O Amazon AMZN.O Alphabet GOOGL.O Microsoft MSFT.O Walt Disney Co DIS.N Nvidia NVDA.O Slack Technologies Micron Technology MU.O Roblox RBLX.N Salesforce.com CRM.N AllianceBernstein Holding AB.N Still, a recent analysis by Unusual Whales, a service selling financial data, concluded that Congressional lawmakers last year traded $290 million in stocks, options, cryptocurrency and other assets, and that they outperformed the market, on average. That has not stopped users on TikTok from focusing on her disclosures, with one video clip about her husband's recent options purchases in companies including Alphabet GOOGL.O, Micron Technology MU.O and Roblox RBLX.N earning 45,000 likes. Discussion of Pelosi's trades is a recurring theme on social media including 'wallstreetbets', the Reddit forum where retail investors banded together a year ago to coordinate frenzied buying of video games retailer GameStop GME.N and other companies, which eventually became known as meme stocks. | Companies in Pelosi's 2021 trading disclosures Apple AAPL.O Tesla TSLA.O Amazon AMZN.O Alphabet GOOGL.O Microsoft MSFT.O Walt Disney Co DIS.N Nvidia NVDA.O Slack Technologies Micron Technology MU.O Roblox RBLX.N Salesforce.com CRM.N AllianceBernstein Holding AB.N Still, a recent analysis by Unusual Whales, a service selling financial data, concluded that Congressional lawmakers last year traded $290 million in stocks, options, cryptocurrency and other assets, and that they outperformed the market, on average. That has not stopped users on TikTok from focusing on her disclosures, with one video clip about her husband's recent options purchases in companies including Alphabet GOOGL.O, Micron Technology MU.O and Roblox RBLX.N earning 45,000 likes. Google searches for 'Pelosi stock trades' hit a record high earlier this month as users on social media platforms including Twitter, Reddit, Youtube and TikTok scrutinize her investments, believing the U.S. Speaker of the House may have an edge on Wall Street. |
21553.0 | 2022-01-25 00:00:00 UTC | Zacks.com featured highlights include: MEDIFAST, Children's Place Inc., Pool Corp., AllianceBernstein and Expeditors International of Washington | AB | https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-medifast-childrens-place-inc.-pool-corp. | nan | nan | For Immediate Release
Chicago, IL – January 25, 2022 – Stocks in this week’s article are MEDIFAST MED, Children's Place Inc. PLCE, Pool Corp. POOL, AllianceBernstein AB and Expeditors International of Washington EXPD.
5 Top DuPont-Assured Quality Stocks to Beat Positivity
With the global markets on a volatile ride thanks to rising rate worries in the United States, looking for quality stocks is investors’ natural choice.
There are plenty of criteria or metrics that can lead investors to quality stocks. Among these, return on equity (ROE) is one of the most coveted. That said, we would like to note that the basic ROE calculation doesn’t always tell the complete story and an investor might get misled by picking stocks based on this number.
Thus, taking a step beyond the basic ROE and analyzing it at an advanced level or applying the DuPont technique seems to be an intriguing idea.
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
Inside the Strength of DuPont
The DuPont analysis allows investors to evaluate the elements that are the driving factors in any change in ROE. It can help investors to separate companies having higher margins from those having a high turnover. In fact, it also focuses on the company’s leverage status. A lofty ROE could be due to the overuse of debt. If this is the case, the strength of a company can be uncertain if it has a high debt load.
So, an investor relying solely on basic ROE may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins while finding out the better stock.
Investors can simply do this analysis by taking a look at the company’s financials. However, looking at the 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.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1855884/5-top-dupont-assured-quality-stocks-to-beat-volatility?art_rec=quote-stock_overview-zacks_news-ID02-txt-1855884
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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. 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.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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
Pool Corporation (POOL): Free Stock Analysis Report
Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
The Children's Place, Inc. (PLCE): Free Stock Analysis Report
MEDIFAST INC (MED): 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. | 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. POOL, AllianceBernstein AB and Expeditors International of Washington EXPD. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. | AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report POOL, AllianceBernstein AB and Expeditors International of Washington EXPD. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. | POOL, AllianceBernstein AB and Expeditors International of Washington EXPD. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. | POOL, AllianceBernstein AB and Expeditors International of Washington EXPD. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. |
21554.0 | 2022-01-24 00:00:00 UTC | Is AllianceBernstein (AB) a Solid Growth Stock? 3 Reasons to Think " Yes " | AB | https://www.nasdaq.com/articles/is-alliancebernstein-ab-a-solid-growth-stock-3-reasons-to-think-yes | nan | nan | Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Our proprietary system currently recommends AllianceBernstein (AB) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this investment management company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for AllianceBernstein is 10.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 9.7% this year, crushing the industry average, which calls for EPS growth of 8.8%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, AllianceBernstein has an S/TA ratio of 2.65, which means that the company gets $2.65 in sales for each dollar in assets. Comparing this to the industry average of 0.35, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And AllianceBernstein is well positioned from a sales growth perspective too. The company's sales are expected to grow 11% this year versus the industry average of 7.8%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for AllianceBernstein have been revising upward. The Zacks Consensus Estimate for the current year has surged 6.5% over the past month.
Bottom Line
While the overall earnings estimate revisions have made AllianceBernstein a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that AllianceBernstein is a potential outperformer and a solid choice for growth investors.
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See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>
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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. | Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. By their very nature, these stocks carry above-average risk and volatility. Our proprietary system currently recommends AllianceBernstein (AB) as one such stock. | Bottom Line While the overall earnings estimate revisions have made AllianceBernstein a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above. Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. By their very nature, these stocks carry above-average risk and volatility. | While there are numerous reasons why the stock of this investment management company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. Bottom Line While the overall earnings estimate revisions have made AllianceBernstein a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above. Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. | While there are numerous reasons why the stock of this investment management company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. By their very nature, these stocks carry above-average risk and volatility. |
21555.0 | 2022-01-24 00:00:00 UTC | AllianceBernstein Holding Enters Oversold Territory | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-enters-oversold-territory | 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 Monday, shares of AB entered into oversold territory, changing hands as low as $45.24 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 29.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 37.5. 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 3.56/share (currently paid in quarterly installments) works out to an annual yield of 7.44% based upon the recent $47.84 share price.
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. 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.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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. 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 Monday, shares of AB entered into oversold territory, changing hands as low as $45.24 per share. | Indeed, AB's recent annualized dividend of 3.56/share (currently paid in quarterly installments) works out to an annual yield of 7.44% based upon the recent $47.84 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 Monday, shares of AB entered into oversold territory, changing hands as low as $45.24 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 Monday, shares of AB entered into oversold territory, changing hands as low as $45.24 per share. | But making AllianceBernstein Holding LP an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of AB entered into oversold territory, changing hands as low as $45.24 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. |
21556.0 | 2022-01-24 00:00:00 UTC | 5 Top DuPont-Assured Quality Stocks to Beat Volatility | AB | https://www.nasdaq.com/articles/5-top-dupont-assured-quality-stocks-to-beat-volatility | nan | nan | With the global markets on a volatile ride thanks to rising rate worries in the United States, looking for quality stocks is investors’ natural choice.
There are plenty of criteria or metrics that can lead investors to quality stocks. Among these, return on equity (ROE) is one of the most coveted. That said, we would like to note that the basic ROE calculation doesn’t always tell the complete story and an investor might get misled by picking stocks based on this number.
Thus, taking a step beyond the basic ROE and analyzing it at an advanced level or applying the DuPont technique seems to be an intriguing idea.
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
Inside the Strength of DuPont
The DuPont analysis allows investors to evaluate the elements that are the driving factors in any change in ROE. It can help investors to separate companies having higher margins from those having a high turnover. In fact, it also focuses on the company’s leverage status. A lofty ROE could be due to the overuse of debt. If this is the case, the strength of a company can be uncertain if it has a high debt load.
So, an investor relying solely on basic ROE may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins while finding out the better stock.
Investors can simply do this analysis by taking a look at the company’s financials. However, looking at the 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 12 stocks that made it through the screen:
MEDIFAST MED: This Zacks Rank #2 company is also known for its leading health and wellness community — OPTAVIA — which provides Lifelong Transformation, One Healthy Habit at a Time lifestyle solutions. You can see the complete list of today’s Zacks #1 Rank stocks here.
The last four-quarter average earnings surprise of MED is 17.28%.
Children's Place Inc. PLCE: The poultry processing company produces, processes, markets and distributes fresh and frozen chicken products. The PLCE stock carries a Zacks Rank #1.
The last four-quarter average earnings surprise of PLCE is as high as 496.29%.
Pool Corp. POOL: The Zacks Rank #2 company is the world's largest wholesale distributor of swimming pool supplies, equipment and related products.
The last four-quarter average earnings surprise of POOL is 56.29%.
AllianceBernstein AB:The company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and individual investors. The AB stock carries a Zacks Rank #1.
The last four-quarter average earnings surprise of AB is 8.82%.
Expeditors International of Washington EXPD: This companyis a leading third-party logistics provider. Expeditors International of Washington, based in Seattle, WA, is engaged in the business of global logistics management, including international freight forwarding and consolidation, for both air and ocean freight. EXPD has a Zacks Rank #1.
The last four-quarter average earnings surprise of EXPD is 29.14%.
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.
Zacks’ Top Picks to Cash in on Artificial Intelligence
This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.
See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>
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Pool Corporation (POOL): Free Stock Analysis Report
Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
The Children's Place, Inc. (PLCE): Free Stock Analysis Report
MEDIFAST INC (MED): 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. | Here are five of 12 stocks that made it through the screen: MEDIFAST MED: This Zacks Rank #2 company is also known for its leading health and wellness community — OPTAVIA — which provides Lifelong Transformation, One Healthy Habit at a Time lifestyle solutions. AllianceBernstein AB:The company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and individual investors. 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. | 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. Here are five of 12 stocks that made it through the screen: MEDIFAST MED: This Zacks Rank #2 company is also known for its leading health and wellness community — OPTAVIA — which provides Lifelong Transformation, One Healthy Habit at a Time lifestyle solutions. AllianceBernstein AB:The company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and individual investors. | 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. Here are five of 12 stocks that made it through the screen: MEDIFAST MED: This Zacks Rank #2 company is also known for its leading health and wellness community — OPTAVIA — which provides Lifelong Transformation, One Healthy Habit at a Time lifestyle solutions. AllianceBernstein AB:The company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and individual investors. | 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. Here are five of 12 stocks that made it through the screen: MEDIFAST MED: This Zacks Rank #2 company is also known for its leading health and wellness community — OPTAVIA — which provides Lifelong Transformation, One Healthy Habit at a Time lifestyle solutions. AllianceBernstein AB:The company provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and individual investors. |
21557.0 | 2022-01-13 00:00:00 UTC | AllianceBernstein (AB): Strong Industry, Solid Earnings Estimate Revisions | AB | https://www.nasdaq.com/articles/alliancebernstein-ab%3A-strong-industry-solid-earnings-estimate-revisions | nan | nan | One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. AB. This is because this security in the Financial - Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Financial - Investment Management space as it currently has a Zacks Industry Rank of 43 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, AllianceBernstein is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
AllianceBernstein Holding L.P. Price and Consensus
AllianceBernstein Holding L.P. price-consensus-chart | AllianceBernstein Holding L.P. Quote
In fact, over the past month, current quarter estimates have risen from 89 cents per share to 93 cents per share, while current year estimates have risen from $3.72 per share to $3.96 per share. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider AllianceBernstein. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
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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. | One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. AB. This is arguably taking place in the Financial - Investment Management space as it currently has a Zacks Industry Rank of 43 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. | This is arguably taking place in the Financial - Investment Management space as it currently has a Zacks Industry Rank of 43 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. AB. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. | This is arguably taking place in the Financial - Investment Management space as it currently has a Zacks Industry Rank of 43 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. AB. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. | One stock that might be an intriguing choice for investors right now is AllianceBernstein Holding L.P. AB. This is arguably taking place in the Financial - Investment Management space as it currently has a Zacks Industry Rank of 43 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. This has helped AB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. |
21558.0 | 2022-01-12 00:00:00 UTC | HSBC in talks to move NYC headquarters to Hudson Yards' Spiral - Bloomberg News | AB | https://www.nasdaq.com/articles/hsbc-in-talks-to-move-nyc-headquarters-to-hudson-yards-spiral-bloomberg-news-0 | nan | nan | Adds HSBC comment, details from report
Jan 12 (Reuters) - HSBC Holdings Plc HSBA.L is in talks to move its New York headquarters to a tower in the Hudson Yards district, Bloomberg News reported on Wednesday.
The London-based bank is considering a lease for roughly 250,000 square feet of offices at the Spiral, a 65-storey skyscraper being built by Tishman Speyer on Manhattan's far west side, the report said, citing people familiar with the matter.
The Spiral, which will have 2.85 million square feet of office along with retail space, is expected to complete construction this year, the report added.
Most of the building has been leased by tenants like Pfizer PFE.N and AllianceBernstein Holdings AB.N, Bloomberg News said.
HSBC in an emailed statement told Reuters it does not comment on speculation, adding that they "routinely evaluate opportunities for our real estate footprint in the U.S.".
Tishman Speyer did not immediately respond to a request for comment.
(Reporting by Aby Jose Koilparambil and Priyanshi Mandhan in Bengaluru; Editing by Aditya Soni)
((abyjose.koilparambil@thomsonreuters.com; +919986528692;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Most of the building has been leased by tenants like Pfizer PFE.N and AllianceBernstein Holdings AB.N, Bloomberg News said. (Reporting by Aby Jose Koilparambil and Priyanshi Mandhan in Bengaluru; Editing by Aditya Soni) ((abyjose.koilparambil@thomsonreuters.com; +919986528692;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The London-based bank is considering a lease for roughly 250,000 square feet of offices at the Spiral, a 65-storey skyscraper being built by Tishman Speyer on Manhattan's far west side, the report said, citing people familiar with the matter. | Most of the building has been leased by tenants like Pfizer PFE.N and AllianceBernstein Holdings AB.N, Bloomberg News said. (Reporting by Aby Jose Koilparambil and Priyanshi Mandhan in Bengaluru; Editing by Aditya Soni) ((abyjose.koilparambil@thomsonreuters.com; +919986528692;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Adds HSBC comment, details from report Jan 12 (Reuters) - HSBC Holdings Plc HSBA.L is in talks to move its New York headquarters to a tower in the Hudson Yards district, Bloomberg News reported on Wednesday. | (Reporting by Aby Jose Koilparambil and Priyanshi Mandhan in Bengaluru; Editing by Aditya Soni) ((abyjose.koilparambil@thomsonreuters.com; +919986528692;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Most of the building has been leased by tenants like Pfizer PFE.N and AllianceBernstein Holdings AB.N, Bloomberg News said. Adds HSBC comment, details from report Jan 12 (Reuters) - HSBC Holdings Plc HSBA.L is in talks to move its New York headquarters to a tower in the Hudson Yards district, Bloomberg News reported on Wednesday. | (Reporting by Aby Jose Koilparambil and Priyanshi Mandhan in Bengaluru; Editing by Aditya Soni) ((abyjose.koilparambil@thomsonreuters.com; +919986528692;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Most of the building has been leased by tenants like Pfizer PFE.N and AllianceBernstein Holdings AB.N, Bloomberg News said. Adds HSBC comment, details from report Jan 12 (Reuters) - HSBC Holdings Plc HSBA.L is in talks to move its New York headquarters to a tower in the Hudson Yards district, Bloomberg News reported on Wednesday. |
21559.0 | 2022-01-12 00:00:00 UTC | Best Income Stocks to Buy for January 12th | AB | https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-january-12th | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 12th:
Exxon Mobil XOM: This company that explores for and produces crude oil and natural gas has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days.
Exxon Mobil Corporation Price and Consensus
Exxon Mobil Corporation price-consensus-chart | Exxon Mobil Corporation Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.14%, compared with the industry average of 4.06%.
Exxon Mobil Corporation Dividend Yield (TTM)
Exxon Mobil Corporation dividend-yield-ttm | Exxon Mobil Corporation Quote
Analog Devices ADI: This original equipment manufacturer of semiconductor devices has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.
Analog Devices, Inc. Price and Consensus
Analog Devices, Inc. price-consensus-chart | Analog Devices, Inc. Quote
This Zacks Rank #1 company has a dividend yield of 1.62%, compared with the industry average of 0.00%.
Analog Devices, Inc. Dividend Yield (TTM)
Analog Devices, Inc. dividend-yield-ttm | Analog Devices, Inc. Quote
AllianceBernstein AB: This publicly owned investment manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% 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 7.13%, compared with the industry average of 1.98%.
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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Analog Devices, Inc. (ADI): 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. | They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Analog Devices, Inc. Dividend Yield (TTM) Analog Devices, Inc. dividend-yield-ttm | Analog Devices, Inc. Quote AllianceBernstein AB: This publicly owned investment manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Analog Devices, Inc. Dividend Yield (TTM) Analog Devices, Inc. dividend-yield-ttm | Analog Devices, Inc. Quote AllianceBernstein AB: This publicly owned investment manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Analog Devices, Inc. Dividend Yield (TTM) Analog Devices, Inc. dividend-yield-ttm | Analog Devices, Inc. Quote AllianceBernstein AB: This publicly owned investment manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report | Analog Devices, Inc. Dividend Yield (TTM) Analog Devices, Inc. dividend-yield-ttm | Analog Devices, Inc. Quote AllianceBernstein AB: This publicly owned investment manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days. AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. |
21560.0 | 2022-01-09 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 1/9/2022 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-1-9-2022 | 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.
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional 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: Allegiance Bancshares, Inc. is a bank holding company. Through its wholly owned subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to small to medium-sized businesses within the Houston region, professionals and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses, mortgage loans, home equity loans, personal loans and automobile loans, among others. It offers a variety of deposit products and services with an emphasis on small to medium-sized businesses. In addition to banking during normal business hours, the Company offers extended drive-through hours, automated teller machines (ATMs), mobile banking and banking by telephone, mail and Internet. It also provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, cashier's checks and letters of credit.
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 ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
Full Factor Report for ABTX>
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 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: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally 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 affiliates such as Equitable Holdings, Inc. (EQH) and its subsidiaries. Its Retail Services distributes 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, private and family corporations, 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.
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 ALLIANCEBERNSTEIN HOLDING LP
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FEDERAL AGRICULTURAL MORTGAGE CORP. (AGM) is a small-cap value stock in the Consumer Financial Services 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: Federal Agricultural Mortgage Corporation is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. The Company provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Company's secondary market activities include purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans. Under the Farm & Ranch line of business, Company provides a secondary market for mortgage loans secured by first liens on agricultural real estate.
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 FEDERAL AGRICULTURAL MORTGAGE CORP.
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ASSURANT, INC. (AIZ) is a mid-cap growth 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: Assurant, Inc. is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company's segments include Global Housing and Global Lifestyle. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business). Through its Global Lifestyle segment, it provides mobile device protection products and related services and extended service products and related services for consumer electronics and appliances (global connected living business); vehicle protection services, and credit insurance.
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: PASS
TOTAL RETURN/PE: FAIL
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of ASSURANT, INC.
Full Guru Analysis for AIZ>
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BANNER CORPORATION (BANR) is a mid-cap value stock in the Regional 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: Banner Corporation is a bank holding company. The Company is primarily engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. Islanders Bank is a community bank, which offers similar banking services to individuals, businesses and public entities located primarily in the San Juan Islands. Banner Bank is also an active participant in the secondary market, engaging in mortgage banking operations through the origination and sale of one- to four-family and multifamily residential loans. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices.
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 BANNER CORPORATION
Full Guru Analysis for BANR>
Full Factor Report for BANR>
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. |
21561.0 | 2022-01-05 00:00:00 UTC | Notable Two Hundred Day Moving Average Cross - AB | AB | https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-ab-0 | nan | nan | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $48.10, changing hands as low as $46.78 per share. AllianceBernstein Holding LP shares are currently trading down about 2.6% on the day. The chart below shows the one year performance of AB shares, versus its 200 day moving average:
Looking at the chart above, AB's low point in its 52 week range is $33.36 per share, with $57.54 as the 52 week high point — that compares with a last trade of $46.92.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
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 Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $48.10, changing hands as low as $46.78 per share. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $33.36 per share, with $57.54 as the 52 week high point — that compares with a last trade of $46.92. AllianceBernstein Holding LP shares are currently trading down about 2.6% on the day. | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $48.10, changing hands as low as $46.78 per share. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $33.36 per share, with $57.54 as the 52 week high point — that compares with a last trade of $46.92. AllianceBernstein Holding LP shares are currently trading down about 2.6% on the day. | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $48.10, changing hands as low as $46.78 per share. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $33.36 per share, with $57.54 as the 52 week high point — that compares with a last trade of $46.92. AllianceBernstein Holding LP shares are currently trading down about 2.6% on the day. | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $48.10, changing hands as low as $46.78 per share. AllianceBernstein Holding LP shares are currently trading down about 2.6% on the day. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $33.36 per share, with $57.54 as the 52 week high point — that compares with a last trade of $46.92. |
21562.0 | 2022-01-03 00:00:00 UTC | 7 of the Best High-Yield Dividend Stocks for 2022 to Buy Now | AB | https://www.nasdaq.com/articles/7-of-the-best-high-yield-dividend-stocks-for-2022-to-buy-now | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Looking back on 2021, the S&P 500 finished another year on a high. At the close of the 12-month period, the index had provided 27% returns to investors for the year. However, fears of another slowdown from new variants of the novel coronavirus or inflation will have several investors in a risk-averse mindset. In that case, investors would want to consider investing in high-yielding dividend stocks that offer stable income.
Overall, dividend stocks offer consistent income to shareholders. Typically, companies that have a solid track record of paying out dividends are resilient in the face of a crisis such as the coronavirus. However, we have seen several dividend aristocrats suspending dividend payments due to the pandemic-led slowdown.
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However, there have been a number of stocks that have remained buoyant despite the challenges. In fact, these seven dividend stocks stand out among the rest.
Sunoco (NYSE:SUN)
Exxon Mobil (NYSE:XOM)
Camping World Holdings (NYSE:CWH)
EPR Properties (NYSE:EPR)
Alliancebernstein Holding LP (NYSE:AB)
AbbVie (NYSE:ABBV)
Enbridge (NYSE:ENB)
Now, let’s dive in and take a closer look at each one.
Dividend Stocks To Buy: Sunoco (SUN)
Source: Alex Pesantes / Shutterstock
Dividend Yield: 8.1%
Sunoco is a top retail motor fuels distributor in the United States. With the entire hullabaloo around electric vehicles (EVs), we tend to forget that most Americans still use a combustion engine in their vehicles. Moreover, SUN stock is one of the highest-yielding propositions in its sector, with an incredible dividend yield of 8.1%.
Moreover, Sunoco didn’t halt its dividend payouts despite the challenges during the pandemic. This year, it is picking up the pace again, generating handsome operating cash flows of $512 million in the first nine months. Moreover, its distribution coverage is at a robust 161%. In the past couple of quarters, revenue growth has improved by double-digits, and it’s likely to take its fine form into next year.
Exxon Mobil (XOM)
Source: Jonathan Weiss / Shutterstock.com
Dividend Yield: 5.7%
Energy giant Exxon Mobil has been repositioning its business to grow its asset base, reduce its debt load and diversify into a low carbon business. In doing so, it is already seeing a healthy improvement in its cash flows. Moreover, its 5.7% yield and 20 years of growth make its dividend profile arguably the strongest in the sector.
Exxon reported $6.8 billion in earnings and roughly $4.5 billion in savings in its third quarter. Additionally, it used its savings in fortifying its balance sheet, with a $4 billion reduction in debt. Additionally, with oil prices rising again, it is poised to capitalize on them and significantly improve margins.
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With an impressive portfolio of assets and much-needed diversification efforts, XOM stock is incredible shareholder reward potential.
Dividend Stocks To Buy: Camping World Holdings (CWH)
CWH) logo on a smartphone in front of an American flag background." width="300" height="169">
Source: IgorGolovniov / Shutterstock.com
Dividend Yield: 4.9%
Social distancing trends have been a game-changer for leading RV retailer Camping World Holdings. With air travel hesitancy and remote working trends in play, RVs became highly popular during the pandemic. Moreover, the trend is unlikely to stop here, as the RV Industry Association states that roughly 46 million Americans could go on an RV trip within the next year.
Camping World has been on fire in recent years, with more than 12.4% revenue growth in the past five years. Moreover, top-line growth in the past three quarters has been over double-digits; on top of that, its EBITDA growth in the past year has been over 90%. More importantly, it boasts a 4.9% yield for investors, which may reach 7% by 2022. Therefore, CWH stock is a long-term play with plenty of upside potential.
EPR Properties (EPR)
Source: Shutterstock
Dividend Yield: 6.3%
EPR is a real estate investment trust (REIT), mainly in experiential properties. Naturally, its tenants felt the wrath of the pandemic, much more so than other REITs. Nevertheless, things are looking up for EPR stock.
EPR has done well to limit its debt load to come out of the pandemic unscathed. Moreover, its rent collection rates are up to 90% as of its most recent quarter. Thus, with over 350 properties and tenants in virtually every state, it’s an excellent recovery play for next year.
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Furthermore, its dividend yield of 6.3% and more than a 100% payout ratio further adds to its bull case.
Dividend Stocks To Buy: Alliancebernstein Holding LP (AB)
AB) logo inside a corporate office in New York City." width="300" height="169">
Source: rblfmr / Shutterstock.com
Dividend Yield: 7.3%
AllianceBernstein is a top asset management firm operating in six continents worldwide. In the five years, the firm has performed exceptionally well for its clients and investors with healthy dividends and top-line growth. AB stock is a spectacular prospect with a yield of over 7% and a couple of years of dividend growth.
The firm has done remarkably well to expand its assets under management, with double-digit growth in the past few quarters. As of the third quarter, its assets under management (AUM) stood at a whopping $742.2 billion, the bulk of which came from its U.S. clients. Moreover, it has grown its revenues by more than 20% on a year-over-year basis. Though it operates in a highly competitive sector, it has had an exceptional track record to deliver consistent returns for its customers.
AbbVie (ABBV)
Source: Piotr Swat / Shutterstock.com
Dividend Yield: 4.2%
Pharma giant AbbVie is a high-yield dividend aristocrat among Warren Buffet’s top investing picks.
The company has performed incredibly in the past several years and has posted solid financial results, led by its hugely successful rheumatoid arthritis drug Humira. However, of late, the company has looked to diversify its revenue streams by developing new drugs and expanding treatment options for existing ones.
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Moreover, its dividend is safe, with an awesome yield of more than 4%. Additionally, it has raised its dividend payouts in the past eight years with a payout ratio of roughly 44%. Hence, ABBV stock makes for an excellent long-term pick in the pharma space, with solid fundamentals and a robust outlook ahead.
Dividend Stocks To Buy: Enbridge (ENB)
Source: JHVEPhoto / Shutterstock.com
Dividend Yield: 6.9%
Enbridge is a fast-growing Canadian oil company, which has set some lofty expansions for its future. It is focused on expanding its asset base and pivoting to renewable energy down the line. From 2022 to 2024, it plans to invest a colossal $9 billion for its expansion efforts. This will significantly improve its capacity to drive massive shareholder rewards.
Enbridge recently raised its dividend and affirmed its top and bottom-line targets. It expects its adjusted EBITDA to rise from $13.9 billion this year to $14.3 billion in 2022, representing a considerable 3% growth. Moreover, it raised its dividend by 3%, making it eight consecutive years of dividend growth. Additionally, its dividend is ranked among the top-tier mid-stream companies at 7%.
On the date of publication, Muslim Farooque 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.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
The post 7 of the Best High-Yield Dividend Stocks for 2022 to Buy Now 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. | Hence, ABBV stock makes for an excellent long-term pick in the pharma space, with solid fundamentals and a robust outlook ahead. In that case, investors would want to consider investing in high-yielding dividend stocks that offer stable income. Sunoco (NYSE:SUN) Exxon Mobil (NYSE:XOM) Camping World Holdings (NYSE:CWH) EPR Properties (NYSE:EPR) Alliancebernstein Holding LP (NYSE:AB) AbbVie (NYSE:ABBV) Enbridge (NYSE:ENB) Now, let’s dive in and take a closer look at each one. | Sunoco (NYSE:SUN) Exxon Mobil (NYSE:XOM) Camping World Holdings (NYSE:CWH) EPR Properties (NYSE:EPR) Alliancebernstein Holding LP (NYSE:AB) AbbVie (NYSE:ABBV) Enbridge (NYSE:ENB) Now, let’s dive in and take a closer look at each one. In that case, investors would want to consider investing in high-yielding dividend stocks that offer stable income. With the entire hullabaloo around electric vehicles (EVs), we tend to forget that most Americans still use a combustion engine in their vehicles. | In that case, investors would want to consider investing in high-yielding dividend stocks that offer stable income. Sunoco (NYSE:SUN) Exxon Mobil (NYSE:XOM) Camping World Holdings (NYSE:CWH) EPR Properties (NYSE:EPR) Alliancebernstein Holding LP (NYSE:AB) AbbVie (NYSE:ABBV) Enbridge (NYSE:ENB) Now, let’s dive in and take a closer look at each one. With the entire hullabaloo around electric vehicles (EVs), we tend to forget that most Americans still use a combustion engine in their vehicles. | In that case, investors would want to consider investing in high-yielding dividend stocks that offer stable income. Sunoco (NYSE:SUN) Exxon Mobil (NYSE:XOM) Camping World Holdings (NYSE:CWH) EPR Properties (NYSE:EPR) Alliancebernstein Holding LP (NYSE:AB) AbbVie (NYSE:ABBV) Enbridge (NYSE:ENB) Now, let’s dive in and take a closer look at each one. With the entire hullabaloo around electric vehicles (EVs), we tend to forget that most Americans still use a combustion engine in their vehicles. |
21563.0 | 2021-12-15 00:00:00 UTC | 7 Dividend Stocks to Buy for 2022 With Dividend Yields Over 5% | AB | https://www.nasdaq.com/articles/7-dividend-stocks-to-buy-for-2022-with-dividend-yields-over-5 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
One of the tried and true methods for generating an income stream is through investing in dividend stocks. In this era of low interest rates, dividend payments can be a more rewarding way to supplement your income. In turn, many investors plow those payments back into their portfolios.
Whatever your strategy is, one of the key goals is to pick the ideal level of dividend yield. Obviously, you want a high yield. Not too high — you don’t want to get suckered into investing in a company that’s in trouble — but generous enough to be worth your while.
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With that in mind, each of these stocks offers a dividend yield over 5%, making them a great option for adding to your portfolio.
Alliancebernstein Holding LP (NYSE:AB)
Arbor Realty Trust Inc (NYSE:ABR)
Artisan Partners Asset Management Inc (NYSE:APAM)
Golden Ocean Group Ltd (NASDAQ:GOGL)
Oaktree Specialty Lending Corp (NASDAQ:OCSL)
Southern Copper Corp (NYSE:SCCO)
Teekay Lng Partners, L.P. Common Stock (NYSE:TGP)
Adding to the case for these dividend stocks, each earns an “A” rating in Portfolio Grader. Now, let’s dive in and take a closer look at each one.
Dividend Stocks to Buy: Alliance Bernstein Holding (AB)
Source: kan_chana/ShutterStock.com
Alliance Bernstein Holding is a global investment and research firm that’s headquartered in Nashville. The company divides its business into three silos. Asset Management is offered for global clients including individual and institutional investors. Private Wealth Management includes investment planning and risk-management. Overall, Bernstein Research provides independent research for institutional investors.
Over the past five years, AB stock has delivered a 110% return. That’s the kind of performance that would qualify it for inclusion in a growth-focused portfolio. However, this is a list that’s focused on dividend stocks. And with its latest quarterly dividend of 89 cents per share, AB stock currently has a very attractive, 7.6% dividend yield.
At the time of publication, AB stock earned an “A” rating in Dividend Grader.
Arbor Realty Trust (ABR)
Source: Shutterstock
New York’s Arbor Realty Trust is in the business of mortgages, providing direct lending services for multi-family and commercial real estate. And multi-family real estate has been a hot market. In 2020 — despite the pandemic — construction of multi-family apartment buildings across America increased by 50%. Occupancy rates also increased. Reflecting that strength, ABR stock has been in high growth mode. Since the March 2020 market crash, shares in Arbor Realty Trust are up over 265%.
More importantly for the purposes of this article, Arbor Realty Trust is high-performing dividend stock. It currently offers investors a 8.2% dividend yield.
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The current Dividend Grader rating for ABR stock is a stellar “A.”
Dividend Stocks to Buy: Artisan Partners Asset Management (APAM)
Source: Shutterstock
You may not think of Wisconsin as an investment hotspot, but that’s the state Artisan Partners Asset Management calls home. The company provides investment management services, primarily to commercial customers.
In its latest quarterly earnings, Artisan Partners reported just how dramatically its business had picked up from 2020. Year-to-date (YTD) revenue was up 43% compared to 2020, with earnings per share (EPS) up 65%. We often point to dividend stocks as being companies with a consistent track record and a successful business track record. Artisan Partners is a textbook example of this. The company reported that on an annualized basis, its revenue has grown at approximately 11% per year over the past five years, and 10% per year over the past decade. Lastly, over the past five years, APAM stock is up 51%.
This past quarter also saw Artisan Partners declare a $1.07 per share quarterly cash dividend. At this point, APAM’s dividend ratio stands at 9.6%, the highest on this list.
APAM stock’s “A” rating in Dividend Grader is also as good as it gets.
Golden Ocean Group (GOGL)
Source: VladSV / Shutterstock.com
High-yield dividend stocks aren’t limited to investment, finance, and real estate companies. Case in point, Norway’s Golden Ocean Group. This company owns and operates cargo ships, primarily the massive Panamax and Ultramax and Capesize vessels that have been in incredibly high demand through 2021.
That wasn’t the case in 2020, when the pandemic cratered demand for many big vessels. Last year, Golden Ocean Group had to slash its dividend to a single payment of 5 cents per share. However, outside of that anomaly, GOGL has paid quarterly dividends like clockwork for decades.
Furthermore, 2021 has seen the cargo shipping business surge. In its third-quarter earnings report, Golden Ocean Group’s CEO announced:
“In keeping with the Company’s long-standing policy, I am pleased that we are in the position to return value to our shareholders through dividend payments, which have amounted to $321 million thus far in 2021, including the Q3 distribution.”
With that 85 cents per share dividend payment from the third quarter, GOGL stock’s dividend yield is very attractive.
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Its “A” Dividend Grader rating makes GOGL stock a great pick among dividend stocks.
Dividend Stocks to Buy: Oaktree Specialty Lending Group (OCSL)
Source: Kevin McGovern / Shutterstock.com
Based in Los Angeles, Oaktree Specialty Lending Group has been in business since 2007 and publicly traded since 2008. There’s that proven track record that the best dividend stocks provide. Up 36% over the past five years, OCSL stock isn’t exactly in the high-growth category, but it’s going in the right direction.
Oaktree Specialty Lending Group is on this list because the company has a proven track record of paying dividends. This goes right back to the 2008 market listing date. With that in mind, the company currently offers investors an 8.5% dividend yield.
At the time of publication, OCSL stock was rated as an “A” in Dividend Grader.
Southern Copper (SCCO)
Source: Coldmoon Photoproject/Shutterstock.com
Between electric vehicles (EVs), consumer electronics and power grid upgrades, there are fewer materials that are hotter than copper these days. Copper has become so valuable, it was the subject of a $40 million heist earlier this year. Not gold, not diamonds — copper.
Naturally, sky-high copper prices have raised interest in copper mining companies. Southern Copper, has been in operation since 1952. Its mines and refinery operations are located in Peru and Mexico, but Southern Copper is headquartered in Phoenix. This is an established mining company, with highly productive mines, proven reserves and a $43.8 billion market cap. Over the past five years, SCCO stock has gained 75%, with much of that growth taking place since early 2020.
Adding to the appeal of SCCO is its performance as a dividend stock. Investors are enjoying a 6.72% dividend yield.
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SCCO stock currently earns an “A” rating in Dividend Grader.
Dividend Stocks to Buy: Teekay LNG Partners (TGP)
Source: Shutterstock
Other stocks on this list have delivered significant growth over the past five years. Teekay LNG Partners is a bit different in that respect. TGP stock is up just 17% since December 2016. However, that is set to change. Last year, LNG (liquified natural gas) was at historic low prices. This year, prices have hit record highs. And with countries like China working to cut coal use for power generation, LNG demand is set to remain strong for the foreseeable future. That reversal has pushed TGP shares to impressive 48% growth so far in 2021.
Even during last year’s cratering of LNG prices, Teekay was able to continue paying a dividend. As prices have surged, so have Teekay’s dividend payments. In the latest quarter, that amounts to 29 cents per share, and a 6.8% dividend yield.
Dividend stocks don’t do any better than TGP stock’s current “A” rating in Dividend Grader.
On the date of publication, Louis Navellier had a long position in APAM and GOGL. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
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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. | And with countries like China working to cut coal use for power generation, LNG demand is set to remain strong for the foreseeable future. Alliancebernstein Holding LP (NYSE:AB) Arbor Realty Trust Inc (NYSE:ABR) Artisan Partners Asset Management Inc (NYSE:APAM) Golden Ocean Group Ltd (NASDAQ:GOGL) Oaktree Specialty Lending Corp (NASDAQ:OCSL) Southern Copper Corp (NYSE:SCCO) Teekay Lng Partners, L.P. Common Stock (NYSE:TGP) Adding to the case for these dividend stocks, each earns an “A” rating in Portfolio Grader. Dividend Stocks to Buy: Alliance Bernstein Holding (AB) Source: kan_chana/ShutterStock.com Alliance Bernstein Holding is a global investment and research firm that’s headquartered in Nashville. | Alliancebernstein Holding LP (NYSE:AB) Arbor Realty Trust Inc (NYSE:ABR) Artisan Partners Asset Management Inc (NYSE:APAM) Golden Ocean Group Ltd (NASDAQ:GOGL) Oaktree Specialty Lending Corp (NASDAQ:OCSL) Southern Copper Corp (NYSE:SCCO) Teekay Lng Partners, L.P. Common Stock (NYSE:TGP) Adding to the case for these dividend stocks, each earns an “A” rating in Portfolio Grader. Arbor Realty Trust (ABR) Source: Shutterstock New York’s Arbor Realty Trust is in the business of mortgages, providing direct lending services for multi-family and commercial real estate. 10 Stocks to Buy if You Have $5,000 in Starter Money The current Dividend Grader rating for ABR stock is a stellar “A.” Dividend Stocks to Buy: Artisan Partners Asset Management (APAM) Source: Shutterstock You may not think of Wisconsin as an investment hotspot, but that’s the state Artisan Partners Asset Management calls home. | Alliancebernstein Holding LP (NYSE:AB) Arbor Realty Trust Inc (NYSE:ABR) Artisan Partners Asset Management Inc (NYSE:APAM) Golden Ocean Group Ltd (NASDAQ:GOGL) Oaktree Specialty Lending Corp (NASDAQ:OCSL) Southern Copper Corp (NYSE:SCCO) Teekay Lng Partners, L.P. Common Stock (NYSE:TGP) Adding to the case for these dividend stocks, each earns an “A” rating in Portfolio Grader. 10 Stocks to Buy if You Have $5,000 in Starter Money The current Dividend Grader rating for ABR stock is a stellar “A.” Dividend Stocks to Buy: Artisan Partners Asset Management (APAM) Source: Shutterstock You may not think of Wisconsin as an investment hotspot, but that’s the state Artisan Partners Asset Management calls home. Dividend Stocks to Buy: Alliance Bernstein Holding (AB) Source: kan_chana/ShutterStock.com Alliance Bernstein Holding is a global investment and research firm that’s headquartered in Nashville. | Alliancebernstein Holding LP (NYSE:AB) Arbor Realty Trust Inc (NYSE:ABR) Artisan Partners Asset Management Inc (NYSE:APAM) Golden Ocean Group Ltd (NASDAQ:GOGL) Oaktree Specialty Lending Corp (NASDAQ:OCSL) Southern Copper Corp (NYSE:SCCO) Teekay Lng Partners, L.P. Common Stock (NYSE:TGP) Adding to the case for these dividend stocks, each earns an “A” rating in Portfolio Grader. 10 Stocks to Buy if You Have $5,000 in Starter Money The current Dividend Grader rating for ABR stock is a stellar “A.” Dividend Stocks to Buy: Artisan Partners Asset Management (APAM) Source: Shutterstock You may not think of Wisconsin as an investment hotspot, but that’s the state Artisan Partners Asset Management calls home. Dividend Stocks to Buy: Alliance Bernstein Holding (AB) Source: kan_chana/ShutterStock.com Alliance Bernstein Holding is a global investment and research firm that’s headquartered in Nashville. |
21564.0 | 2021-12-15 00:00:00 UTC | Notable Two Hundred Day Moving Average Cross - AB | AB | https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-ab | nan | nan | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $47.48, changing hands as low as $47.34 per share. AllianceBernstein Holding LP shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of AB shares, versus its 200 day moving average:
Looking at the chart above, AB's low point in its 52 week range is $32.51 per share, with $57.54 as the 52 week high point — that compares with a last trade of $47.50.
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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 trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $47.48, changing hands as low as $47.34 per share. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $32.51 per share, with $57.54 as the 52 week high point — that compares with a last trade of $47.50. AllianceBernstein Holding LP shares are currently trading down about 1.7% on the day. | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $47.48, changing hands as low as $47.34 per share. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $32.51 per share, with $57.54 as the 52 week high point — that compares with a last trade of $47.50. AllianceBernstein Holding LP shares are currently trading down about 1.7% on the day. | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $47.48, changing hands as low as $47.34 per share. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $32.51 per share, with $57.54 as the 52 week high point — that compares with a last trade of $47.50. AllianceBernstein Holding LP shares are currently trading down about 1.7% on the day. | In trading on Wednesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $47.48, changing hands as low as $47.34 per share. AllianceBernstein Holding LP shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of AB shares, versus its 200 day moving average: Looking at the chart above, AB's low point in its 52 week range is $32.51 per share, with $57.54 as the 52 week high point — that compares with a last trade of $47.50. |
21565.0 | 2021-12-10 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 12/10/2021 | AB | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-12-10-2021 | nan | nan | The following are today's upgrades for 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.
REPUBLIC BANCORP, INC. KY (RBCAA) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 60% 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: Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc. (the Captive). The Bank is a Kentucky-based, state-chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through five segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), and Republic Credit Solutions (RCS). Traditional Banking segment provides traditional banking products to customers. Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit. Mortgage Banking segment originates, sells and services long-term, single family, first lien residential real estate loans. TRS segment facilitates the receipt and payment of federal and state tax refund products. RCS segment offers consumer credit products, which are unsecured and small dollar consumer loans.
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 REPUBLIC BANCORP, INC. KY
Full Guru Analysis for RBCAA
Full Factor Report for RBCAA
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 changed from 62% to 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: AllianceBernstein Holding L.P. provides diversified investment management, research and related services globally 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 affiliates such as Equitable Holdings, Inc. (EQH) and its subsidiaries. Its Retail Services distributes 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, private and family corporations, 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.
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 ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
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. |
21566.0 | 2021-12-10 00:00:00 UTC | Financial Sector Update for 12/10/2021: VCTR, AB, BX, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-12-10-2021%3A-vctr-ab-bx-xlf-fas-faz | nan | nan | Financial stocks were advancing pre-bell Friday as the Select Financial Sector SPDR (XLF) was recently climbing by 0.6%. The Direxion Daily Financial Bull 3X shares (FAS) were nearly 2% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down nearly 3%.
Victory Capital Holdings (VCTR) reported assets under management of $160.5 billion in November, down from $162.6 billion in the previous month. Victory Capital was recently rallying past 5%.
AllianceBernstein Holding (AB) was 0.4% lower after it reported preliminary assets under management of $759 billion in November, down from $765 billion in October.
Blackstone (BX) was up 0.8% after saying it has agreed to acquire GIC's 49% stake in Dexus Australia Logistics Trust, a logistics joint venture.
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 (AB) was 0.4% lower after it reported preliminary assets under management of $759 billion in November, down from $765 billion in October. The Direxion Daily Financial Bull 3X shares (FAS) were nearly 2% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down nearly 3%. Victory Capital was recently rallying past 5%. | AllianceBernstein Holding (AB) was 0.4% lower after it reported preliminary assets under management of $759 billion in November, down from $765 billion in October. The Direxion Daily Financial Bull 3X shares (FAS) were nearly 2% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down nearly 3%. Victory Capital Holdings (VCTR) reported assets under management of $160.5 billion in November, down from $162.6 billion in the previous month. | AllianceBernstein Holding (AB) was 0.4% lower after it reported preliminary assets under management of $759 billion in November, down from $765 billion in October. The Direxion Daily Financial Bull 3X shares (FAS) were nearly 2% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down nearly 3%. Victory Capital Holdings (VCTR) reported assets under management of $160.5 billion in November, down from $162.6 billion in the previous month. | AllianceBernstein Holding (AB) was 0.4% lower after it reported preliminary assets under management of $759 billion in November, down from $765 billion in October. Financial stocks were advancing pre-bell Friday as the Select Financial Sector SPDR (XLF) was recently climbing by 0.6%. The Direxion Daily Financial Bull 3X shares (FAS) were nearly 2% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down nearly 3%. |
21567.0 | 2021-12-10 00:00:00 UTC | Here's 1 High-Yield Dividend Stock You Can Trust | AB | https://www.nasdaq.com/articles/heres-1-high-yield-dividend-stock-you-can-trust-0 | nan | nan | Dividend stocks can be a great source of income for retirees. But that doesn't mean retirees are the only investors who should consider dividend-paying stocks. From 1989 through 2019, dividend-paying stocks generated an annual return of 11.6% (when dividends were reinvested) versus non-dividend paying stocks, which returned 8.3%, according to a report by Principal Street Partners. Dividend stocks also outperformed the Russell 1000 index, which returned 10.1% over the same time.
Dividend stocks can be a great way to generate income and invest in sound businesses. That's because companies that pay out dividends consistently also tend to have good discipline and cash management skills to ensure shareholders receive a dividend payment.
Image source: Getty Images.
One high-yield dividend stock that should be on your radar is AllianceBernstein (NYSE: AB). That's because the investment-management company has displayed an impressive history of growing its revenue streams, which allows it to pay out a high dividend yield.
It has diversified and growing revenue streams
AllianceBernstein is a financial master limited partnership (MLP) that manages investments and providesinvestment research The company makes money on the investments it manages for clients from fees on its total assets under management (AUM). It also receives fees for its research. The partnership's business includes managing money for equity strategies -- or stock investments -- on behalf of its clients. It also provides active management for fixed-income strategies -- bond and debt investments, along with other investment management activities.
This MLP has a wide range of customers. It serves institutional investors -- pension plans, foundations, insurance companies, and central banks worldwide. It also serves retail clients and high-net-worth individuals, trusts, and others.
By the end of 2020, AllianceBernstein had $686 billion in AUM. Of this, 46% is related to its institutional clients, 39% to its retail clients, and the remaining 15% to its private wealth clients. With AUM spread across multiple clients, its revenue streams are also diversified. Retail clients generate nearly 50% of its revenue, and 24% comes from its private wealth clients. The remainder of its revenue comes from institutional clients and its research segment.
From 2015 through 2020, AllianceBernstein has grown its net income at a steady 8.2% compound annual growth rate. One driver of growth for the MLP is its focus on responsible, sustainable investment. Since 2015, it has seen its AUM on these investments grow at an impressive 36% compound annual growth rate. Another key driver of growth has been its investments in the Asian-Pacific region. These investments have $130 million in AUM, with a fee base that has grown at 13% compounded annually since 2015.
Its tax structure requires it to pay out dividends
Because AllianceBernstein is an MLP, it is considered "grandfathered" in to tax rules that give it a break on federal income taxes. The company is a publicly traded partnership for federal income tax purposes. This means that the company is not subject to corporate income taxes at the federal or state level.
To maintain this tax status, the company must continue to do business in investment management and research. If the company were to branch out into other businesses, it could lose this tax status. For this reason, the company is laser-focused on what it does.
Another benefit of this tax structure is that AllianceBernstein pays out all of its cash flow to shareholders through dividends. This means you can always count on getting a dividend distribution from the partnership, as long as it brings in cash flow. As an investor, the nature of this company requires that you file a separate tax form when filling out your taxes that documents this unique income disbursement arrangement, and you pay a different tax rate on that income.
Image source: Getty Images.
30 years of high-yielding dividend payments
Over the past three decades, AllianceBernstein has paid out a dividend consistently (partly because it is required to as an MLP). The partnership has seen its dividend yield average 7.35% over that time. It currently delivers investors a yield of 7.14%. The partnership has done a solid job of building up its AUM.
AllianceBernstein has done a solid job of growing its business and expanding through new offerings, including ESG investments and investments in fast-growing Asian markets. Over the past five years, AllianceBernstein has grown AUM by an 8% compound annual growth rate. Not only that, but its tax structure gives it an advantage over other companies in the same space. Through its partnership model, the company can avoid most taxes and shareholders benefit -- making this one high-yield dividend you can trust.
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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. | One high-yield dividend stock that should be on your radar is AllianceBernstein (NYSE: AB). One driver of growth for the MLP is its focus on responsible, sustainable investment. That's because the investment-management company has displayed an impressive history of growing its revenue streams, which allows it to pay out a high dividend yield. | One high-yield dividend stock that should be on your radar is AllianceBernstein (NYSE: AB). One driver of growth for the MLP is its focus on responsible, sustainable investment. It has diversified and growing revenue streams AllianceBernstein is a financial master limited partnership (MLP) that manages investments and providesinvestment research The company makes money on the investments it manages for clients from fees on its total assets under management (AUM). | One high-yield dividend stock that should be on your radar is AllianceBernstein (NYSE: AB). One driver of growth for the MLP is its focus on responsible, sustainable investment. It has diversified and growing revenue streams AllianceBernstein is a financial master limited partnership (MLP) that manages investments and providesinvestment research The company makes money on the investments it manages for clients from fees on its total assets under management (AUM). | One high-yield dividend stock that should be on your radar is AllianceBernstein (NYSE: AB). One driver of growth for the MLP is its focus on responsible, sustainable investment. It has diversified and growing revenue streams AllianceBernstein is a financial master limited partnership (MLP) that manages investments and providesinvestment research The company makes money on the investments it manages for clients from fees on its total assets under management (AUM). |
21568.0 | 2021-11-10 00:00:00 UTC | Financial Sector Update for 11/10/2021: UPST, IVZ, AB, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-11-10-2021%3A-upst-ivz-ab-xlf-fas-faz | nan | nan | Financial stocks were flat to lower pre-bell Wednesday with the Select Financial Sector SPDR (XLF) flat. The Direxion Daily Financial Bull 3X shares (FAS) were 0.17% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 0.22% higher.
Upstart Holdings (UPST) was shedding over 25% in value even after posting Q3 adjusted earnings of $0.60 per diluted share, compared with $0.16 a year earlier. Analysts polled by Capital IQ expected $0.33.
Invesco (IVZ) reported preliminary month-end assets under management of $1.593 trillion in October, up 4.3% from $1.529 trillion in September. Invesco was slightly lower recently.
AllianceBernstein Holding (AB) said its preliminary assets under management increased to $765 billion in October from $742 billion in September. AllianceBernstein Holding was marginally declining in recent trading.
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 (AB) said its preliminary assets under management increased to $765 billion in October from $742 billion in September. The Direxion Daily Financial Bull 3X shares (FAS) were 0.17% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 0.22% higher. Upstart Holdings (UPST) was shedding over 25% in value even after posting Q3 adjusted earnings of $0.60 per diluted share, compared with $0.16 a year earlier. | AllianceBernstein Holding (AB) said its preliminary assets under management increased to $765 billion in October from $742 billion in September. The Direxion Daily Financial Bull 3X shares (FAS) were 0.17% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 0.22% higher. Invesco (IVZ) reported preliminary month-end assets under management of $1.593 trillion in October, up 4.3% from $1.529 trillion in September. | AllianceBernstein Holding (AB) said its preliminary assets under management increased to $765 billion in October from $742 billion in September. The Direxion Daily Financial Bull 3X shares (FAS) were 0.17% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 0.22% higher. Invesco (IVZ) reported preliminary month-end assets under management of $1.593 trillion in October, up 4.3% from $1.529 trillion in September. | AllianceBernstein Holding (AB) said its preliminary assets under management increased to $765 billion in October from $742 billion in September. Financial stocks were flat to lower pre-bell Wednesday with the Select Financial Sector SPDR (XLF) flat. The Direxion Daily Financial Bull 3X shares (FAS) were 0.17% lower and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 0.22% higher. |
21569.0 | 2021-11-04 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for November 05, 2021 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-ab-ex-dividend-date-scheduled-for-november-05-2021-2021-11 | nan | nan | AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on November 05, 2021. A cash dividend payment of $0.89 per share is scheduled to be paid on November 24, 2021. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -2.2% decrease from the prior dividend payment. At the current stock price of $56.34, the dividend yield is 6.32%.
The previous trading day's last sale of AB was $56.34, representing a -2.09% decrease from the 52 week high of $57.54 and a 91.7% increase over the 52 week low of $29.39.
AB is a part of the Finance sector, which includes companies such as Blackstone Inc. (BX) and The Bank Of New York Mellon Corporation (BK). AB's current earnings per share, an indicator of a company's profitability, is $3.58. Zacks Investment Research reports AB's forecasted earnings growth in 2021 as 22.34%, compared to an industry average of 14.3%.
For more information on the declaration, record and payment dates, visit the ab Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AB through an Exchange Traded Fund [ETF]?
The following ETF(s) have AB as a top-10 holding:
AGFiQ Hedged Dividend Income Fund (DIVA).
The top-performing ETF of this group is DIVA with an decrease of -4.33% over the last 100 days. It also has the highest percent weighting of AB at 1.11%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AB is a part of the Finance sector, which includes companies such as Blackstone Inc. (BX) and The Bank Of New York Mellon Corporation (BK). Zacks Investment Research reports AB's forecasted earnings growth in 2021 as 22.34%, compared to an industry average of 14.3%. For more information on the declaration, record and payment dates, visit the ab Dividend History page. | AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on November 05, 2021. AB's current earnings per share, an indicator of a company's profitability, is $3.58. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ab Dividend History page. The following ETF(s) have AB as a top-10 holding: AGFiQ Hedged Dividend Income Fund (DIVA). | AB's current earnings per share, an indicator of a company's profitability, is $3.58. The following ETF(s) have AB as a top-10 holding: AGFiQ Hedged Dividend Income Fund (DIVA). AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on November 05, 2021. |
21570.0 | 2021-10-29 00:00:00 UTC | AllianceBernstein Holding LP (AB) Q3 2021 Earnings Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-q3-2021-earnings-call-transcript-2021-10-29 | nan | nan | Image source: The Motley Fool.
AllianceBernstein Holding LP (NYSE: AB)
Q3 2021 Earnings Call
Oct 29, 2021, 9:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Thank you for standing by, and welcome to the AllianceBernstein Third Quarter 2021 Earnings Review. [Operator Instructions]
I would now like to turn the conference over to your host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. Please go ahead.
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Mark C. Griffin -- Head of Investors Relation
Thank you, Misty. Good morning, everyone, and welcome to our third quarter 2021 earnings review. This conference call is being webcast and accompanied by a slide presentation that's posted in the Investor Relations site of our website, www.alliancebernstein.com. With us today to discuss the company's results for the quarter are Seth Bernstein, our President and CEO; Ajai Kaul, Senior Vice President and CEO of Asia Pacific; and Ali Dibadj, CFO and Head of Strategy; Kate Burke, COO, will join us for questions after our prepared remarks. Some of the information we'll present today is forward-looking and subject to certain SEC rules and regulations regarding disclosure. So I'd like to point out the safe harbor language on Slide two of our presentation. You can also find our safe harbor language in the MD&A of our third quarter 10-Q, which we filed earlier this morning. Under Regulation FD, management may only address questions of material nature from the investment community in a public forum. So please ask all such questions during this call.
Now I'll turn it over to Seth.
Seth P. Bernstein -- President and Chief Executive Officer
Good morning, and thank you for joining us today. In the third quarter, we grew organically across all three channels with the fourth time in the last five quarters. Our geographically diversified and differentiated client-focused offerings continue to resonate globally with clients and intermediaries. Firmwide active equities have now grown organically for eight quarters in a row. Municipals, once again, grew organically by more than 20%. Our investment performance strengthened across both equities and fixed income, while our broadening institutional pipeline grew its annual fee base to nearly $60 million. For the quarter, we posted annualized organic revenue growth of 5%, including a 1% year-over-year fee rate improvement and expanded our adjusted operating margin to 31.8%. Further, we delivered 29% growth in both adjusted earnings per unit and distributions to unitholders.
Let's get into the specifics, starting with a firmwide overview on Slide four. Gross sales were $32.3 billion or up $3 billion or 10% from a year ago and down 11% from the second quarter, net of last quarter's Venerable transaction. Firmwide active net inflows were $6.7 billion, a 4% annualized organic growth rate. Quarter end assets under management of $742 billion rose 18% year-over-year and 1% from the prior quarter, an average AUM of $747 billion increased 20% year-over-year and 3% sequentially. Slide five shows our quarterly flow trend by channel. Firmwide, third quarter net -- total net inflows of $7.2 billion represented a 4% annualized organic growth rate. Net flows were positive in each channel for the fourth quarter of the last five. Retail generated its strongest gross sales ever with net inflows of $6.6 billion, driven by active equities and continued strength in munis, which once again offset moderating sequential outflows in taxable fixed income. Institutional sales of $2.6 billion less than net inflows of $200 million of fixed income and multi-asset group.
In Private Wealth, gross sales increased 15% over both prior periods with net inflows of $500 million as we grew our ultra-high net worth business supported by our focus on helping these clients with pre-liquidity event planning. Investment performance is shown on Slide six. Starting with fixed income. In the third quarter, yields bottomed and began to rise on tapering discussions and higher inflation trends. We continue to position our multi-sector fixed income portfolios for periods of solid growth and also higher inflation by being underweight duration and overweight credit. Our fixed income performance improved on already strong levels that 92% of our fixed income assets outperformed over the one-year period and 70% of assets outperformed over the three- and five-year period. We continue to see outstanding relative performance in tax exempts. Six of our 10 retail municipal funds were in the top decile of their
Morningstar peer group across all periods and all 10 were in the top quartile across all periods. Our tax-aware vehicles, including SMA, grew by 20% organically. Turning to equities. Global equities rose through most of the third quarter but gave up most of their gains in a volatile September. In developed equity markets, style leadership shifted from value stocks toward growth through August and back again toward the quarter end. In equities or percentage of assets outperforming strengthened, improving to 76% for the one-year period and 78% for the three-year period and 70% for the five-year period. The improvement for the one-year period reflects outperformance by our U.S. large cap growth and strategic equities portfolios, driven by our disciplined approach to diversifying portfolios at measured weights considering the still high level of U.S. market concentration in high-growth mega cap companies.
Now I'd like to review our client channels, beginning with retail on Slide seven. Third quarter gross sales were a record $25.6 billion, up 46% year-over-year and up 7% sequentially. Then in close of $6.6 billion were positive in each region driven by 19% annualized organic growth in equities, our 18th straight quarter of active equity inflows. U.S. large cap growth led the way among 10 different equity products that each exceeded $100 million of net flows. Once again, municipal grew by over 20% annualized and taxable fixed income outflows continue to moderate, with American income redemptions improving by $500 million versus the prior quarter. As shown in the upper left chart, our broad, diversed product offerings across [Indecipherable] classes has driven consistent organic growth with retail net inflows 11 of the last 13 quarters. On a net flow basis, our U.S. equity funds rank 14th out of 451 managers. International equity funds ranked 29 out of 249 managers and munis ranked 12 of 110 managers. Several notable individual funds are shown on the bottom right, including small-cap growth, first out of 157 funds. Turning to Institutional on Slide eight.
Third quarter gross sales of $2.6 billion declined by $2.3 billion from a year ago, and we're well below the prior quarter, which included the Venerable sale. While a slowing -- while a slower funding quarter, the pipeline continues to build. Outflows moderated to a low 2.9% annualized redemption rate, resulting in net inflows of $200 million. Institutional has now posted net inflows for five consecutive quarters and nine in the last 10 quarters. Taxable fixed income and alternatives drove the net inflows. In the quarter, we priced our third CLO, a $500 million offering and also secured our first third-party client for our Equitable Backed European commercial real estate debt offering. Our ESG portfolios were purpose grew to $27 billion, up 11% sequentially, driven by our U.S. and global sustainable thematic strategies both of which not only received upgrades from a global consultancy in the quarter, but were also awarded Best Sustainable and ESG Research Team from Investment League in the United Kingdom. We were also pleased to receive a Morningstar ESG commitment level of advanced, validating the efforts of our teams in recent years.
Our institutional pipeline grew to a record $20.6 billion at quarter end, up 16% sequentially with additions including an $800 million emerging market stat mandate and the $620 million China A shares value mandate from a prominent outsourced CIO firm. The annualized fee base reached $60 million and has grown at a 19% compound annual growth rate since we began tracking in 2011 with alternatives over half the fee base. As a reminder, this pipeline includes a $10 billion low-fee customized retirement solutions mandate that we expect will fund in the first half of 2022. Last quarter, we informed you that the prior AXA redemption program announced in early 2020 have been completed. We, however, expect new redemptions by AXA of approximately $5 billion of low-fee retail AUM in the first half of 2022. AXA remains a critical partner in the development of our alternatives platform, and we continue to engage in active discussions with AXA as we build out our alternatives business. As of September 30, we managed $20.6 billion for AXA or less than 3% of our AUM.
Moving to Private Wealth Management on Slide nine. Gross sales of $4.1 billion increased 15% over both prior periods with advisor productivity also improving in the mid teens. Net inflows of $500 million were positive for the fourth of the last five quarters. We continue to see our mix shift toward our ultra-high net worth $20 million and over clients, influenced by our pre-liquidity event planning efforts, for which the pipeline remains strong. We raised $78 million in a qualified opportunity fund focused on tax-efficient investing. Year-to-date, our alternative products are showing strong interest with assets raised having nearly doubled over the prior year. And our proprietary separately managed equity tax plus harvesting product grew by 19% sequentially, while -- sorry, while muni impact and ESG portfolios continue to grow strongly. I'll finish our business overview with the sell side on Slide 10.
Bernstein Research revenues increased by 15% year-over-year and 7% sequentially, with strong growth in both Europe and Asia. Asia trading commissions were up over 40% and India continues to ramp strongly. We're pleased that research checks continue to grow at double-digit rates, reflecting our premium research franchise. And we held our 18th annual Pan-European Strategic Decisions Conference with over 1,000 investors attending over 400 virtual meetings. We launched coverage on three new sectors this quarter, two in Europe and one in China. I'll close our business overview with progress toward our strategy in the third quarter on Slide 11. Our investment performance strengthened with 70% or more equity and fixed income assets outperforming each of the one-, three- and five-year time periods. Our geographic and product balance has now driven organic growth across all channels in four of the last five quarters with retail positive of 11 of the last 13 quarters and institutional positive nine of the last 10. Private Wealth grew to the fourth of the last five quarters with active client engagement across our growing inflation and tax aware suite. Our ESG Portfolios with Purpose now stand at $27 billion and AUM, up 11% sequentially.
We priced our third CLO and we're growing at a double-digit annualized rates in municipals. We are committed to managing our business to deliver strong incremental operating margins. Our third quarter adjusted operating margin of 31.8% was up 210 basis points year-over-year with adjusted earnings in Unitholders distributions up 29% versus the prior year period. You may have seen our announcement last Friday that Joan Lamm-Tennant has been appointed Independent Chair of Equitable Holdings and AllianceBernstein Boards of Directors effected immediately. Joan has been a valued member of the Equitable Board since January of 2020, serving as a member of their Audit and Finance and Risk committees. Joan succeeds Ramon de Oliveira, who served as chair to the Equitable and AB Board of Directors since March of 2019 when Equitable became an independent company. We are fortunate to have an outstanding leader in Joan to chair our Board. As the first women do so in AB's history, she brings significant risk and capital advisory expertise. She is also recognized thought leader in corporate social responsibility.
Now as part of our earnings spotlight series, which we'll have from time to time, I'm pleased to introduce you to Ajai Kaul, Head of AB's Asia Pacific business, who will review our Asia platform. Ajai?
Ajai Mohan Kaul -- Chief Executive Officer for Asia Pacific ex Japan
Thank you, Seth. It's a pleasure to discuss our Asia business, a core part of AB, which is well positioned to capitalize on APAC's growth potential given the competitive advantage we have built over nearly four decades of operations. Today, I want to stress the following key points: Asia Pacific is a large, fast-growing region with significant growth potential as penetration of asset management increases from relatively modest levels. AllianceBernstein has a strong competitively advantaged position in APAC, having built local businesses with strong market positions over the last several decades. We have a very healthy brand, which punches well above its weight in Asia. We have a robust opportunity set ahead of us, which we are focused on executing on. Let's start on Slide 14. Economic growth and high savings rates, are too, among many factors, which contribute to why asset managers are attracted to APAC. The region has historically led the world with high savings rates that have remained resilient through various economic and market events. Marketwide assets in APAC across retail and institution have grown at a 6% CAGR over the last 15 years and at a faster rate in the recent years. Importantly, the percentage of market AUM professionally managed is just 25%, low compared to the global average of almost 44%.
On Slide 15, this time line shows AB has roots in the region that go back four decades and early mover advantage. Our first office was established in 1986 in Japan. And since then, we have built businesses in Australia, Singapore, Hong Kong, Taiwan, Korea and now in the process of building one in China. Strong investment performance, innovative product offerings and continued penetration of both retail and institutional channels have driven our growth. Some notable milestones include: Launching our global high income, global high-yield product in 1997, which is a flagship service across the region. In 2006, we acquired full ownership of our business in Hong Kong and were appointed in the first group of foreign managers of China's Social Security Fund for both equity and fixed income. We have introduced innovation in share classes tailored to client demand, converted JVs to wholly owned AB entities and have been willing to build onshore franchises where needed. In the most recent Asia asset management funds manager survey, we ranked 12th out of 200 fund managers in Asia by AUM. As a result, as shown on Slide 16, our brand is widely recognized in APAC and brand matters to intermediary gatekeepers.
We are very pleased that AB was ranked fourth in all of APAC in a recent study by Broadridge, punching well above our weight based on AUM. As shown on the bottom right, we're actively engaged and strong in digital and social dimensions and are focused on connecting with our customers through all media and channels. Next on Slide 17, we discuss AB's competitively advantaged position in Asia. Today, the importance of being early and in many instances, being a first mover in APAC show. The strength of our client relationships and the fact that AB services are offered on most platforms across APAC have allowed us to build an advantaged competitive position. We've grown our fee base at a 13% annualized rate since 2016, and Asia now represents 25% of AB's annualized fee base, excluding the Bernstein Research business. As a percentage of AUM, APAC represents 18% of AB's AUM, which is two times the U.S. and European peer group average. As you can see, Asia's fast-growing significant piece of AB's business. Moving on to Slide 18. The scale we have built and the discipline demonstrated in achieving it provides us with strong operating leverage, contributing positively to AB's overall results. Relative to Asia peers, AB's operating margins in Asia are more than 50% higher than the peer group average, thanks to our size.
From a cost perspective, we benefit from the scale of our diversified platform as our costs are more than 50% below the peer average. This has enabled us to drive continuous improvements in productivity on a net revenue per FTE basis. On the next slide, we show how AB's Asian platform has evolved from its core strength as a market leader in fixed income. In Taiwan, a market where income is a highly sought feature, we are a market share leader. While leading with fixed income fund, we have leveraged this brand strength to diversify our product platform into equity and multi-asset. As with our fixed income franchise, equity AUM has also been achieved across the region. Japan has grown U.S. equity market share by three times in the past 5.5 years, AB's U.S. equity service being an AUM market leader there. Our success in growing our equity AUM extends beyond Japan to other markets in APAC as well. As a result, since 2015, we have grown our AUM at a CAGR of 10% while diversifying across asset classes, geographies and channels. Today, our AUM is better balanced between equity and fixed income, retail and institutional and across geographies.
We have only strengthened our foundation and positioned ourselves for continued growth. Finally, turning to Slide 20. While we take pride in the business we have built to date, we have multiple growth opportunities available to us in APAC. Our traditional strength in fixed income has been successfully extended into equity, but there remains significant opportunity to diversify within equity much as we have done in fixed income. This has already begun with low vol equity and sustainable equity services gaining traction as our distribution partners seek additional equity services for their platforms. Multi-asset and solutions in APAC present another significant opportunity driven by the realization that fixed income alone cannot deliver the desired returns and an increasing focus on achieving outcomes rather than outperforming benchmarks. Increasingly, we received requests for custom solutions spanning both the institutional and retail channels. We have plenty of runway ahead of us in private bank channel, where there is consistent demand for both public and private alternatives as well as for customized solutions and responsible investment.
There has literally been a doubling in registered family office from 2019 to 2020 in just Singapore. Both Singapore and Hong Kong are promoting themselves in a bid to attract this business. We expect family offices as sophisticated investors will look beyond traditional services and seek managers who can deliver differentiated, actively managed strategies, alternatives and customization while incorporating ESG in their decisions. The recognition AB is getting for our RI capabilities, our partnership with the Earth Institute at Columbia University and being a founding member of the Columbia Climate School is being well received by clients. All of this plays well into our ability to engage institutional investors where penetration of asset management is growing, half of institutions now say they consider ESG factors and hiring managers. Innovative products, efficient product delivery and a combination of local and cross-border fund platforms, enable us to leverage our footprint.
For example, the active ETF unit class launch in our Australian managed volatility equity service positioned us to gain access to the advice component of the AUD800 billion of self-managed super funds. AB is among the first group of foreign managers in China seeking an onshore fund management company license. China is the second largest asset management market in the world, and FMC license would allow us to participate in the market expected to grow at over 10% per annum. And FMC license is foundational and when eligible AB may apply for further licenses, allowing us access to other segments of this growing and underserviced asset management market. In summary, our time-tested diversified Asian business, given the competitive advantage that continues to benefit from a flywheel of growth. AB's high brand recognition, coupled with its strong diverse product set, allows us to pursue multiple growth avenues in a dynamic market. We are tremendously excited about the opportunities looking forward.
With that, I will turn it back to Ali to present the financials. Thank you.
Ali Dibadj -- Chief Financial Officer and Head of Strategy
Thanks, Ajai. Let's start with the GAAP income statement on Slide 22. Third quarter GAAP net revenues of $1.1 billion increased 21% from the prior year period; operating income of $280 million increased 29%; and operating margin of 25.7% increased by 160 basis points. GAAP EPU of $0.89 in the quarter increased by 27% year-over-year. As always, I'll focus my remarks from here on our adjusted results, which remove the effect of certain items that are not considered part of our core operating business. We base our distribution to Unitholders on our adjusted results, which we provide in addition to and not as a substitute for our GAAP results.
Our standard GAAP reporting and a reconciliation of GAAP to adjusted results are in our presentation's appendix, press release and 10-Q. Our adjusted financial highlights are shown on Slide 23, which I'll touch on as we talk through the P&L shown on Slide 24. On Slide 24, beginning with revenues. Net revenues of $884 million increased 22% for the third quarter versus the same prior year period. Base fees increased 22% for the third quarter versus the prior year period, reflecting 20% higher average AUM, which grew at double-digit rates across all three distribution channels and a 1% higher fee rate. The third quarter fee rate of 38.8 basis points was slightly higher sequentially. We continue to believe that although our fee rate may be volatile from time to time, given large mandates such as CRS that make SKU averages the long-term trend should be grinding higher.
Third quarter performance fees of $18 million increased by $11 million versus the prior year period, driven primarily by our private middle market lending business. Third quarter revenues for Bernstein Research Services of $113 million increased by 15% from the third quarter of 2020, reflecting higher client trading activity and research payments across all regions. Moving to adjusted expenses. All in, our total third quarter operating expenses of $603 million increased 18% year-over-year. Total compensation and benefits expense increased 22% in the third quarter due primarily to higher incentive compensation and secondarily due to higher base compensation, both of which were driven by higher revenues. As we guided to, compensation was 48% of adjusted net revenues for the third quarter flat with the prior year period. At present, given current market conditions and our current expectations for the mix of fourth quarter performance fees, we do not expect the fourth quarter comp ratio to exceed 48%. As a reminder, the compensation ratio is sensitive to variability in the year-end mix of performance fee eligible funds.
Promotion servicing costs increased 19% in the third quarter due primarily to higher T&E, transfer fees and higher marketing and firm meeting expenses. We expect travel and meeting-related expenses will continue to increase in the fourth quarter of 2021, though we note that business travel remains well below pre-COVID levels. All in, G&A expenses increased by 12% in the third quarter versus the same prior year period or 9%, excluding Nashville and related relocation expenses. In the quarter, we continued to invest to support the organic growth of our business where we see returns, particularly in technology-related projects that expand our ability to service and grow our customer base. We also incurred return to office expenses as employees returned in July. That said, core inflation in G&A is now higher in the mid-single-digit range with consulting and market data services contributing to the increase. We expect fourth quarter G&A expenses to remain elevated, reflecting Nashville and related relocation expenses, growth-related technology and product development costs and inflation in market data services, technology and professional fees.
We continue to see good returns as we invest for growth and are managing the spend within the context of our long-term incremental margin targets. Within other expenses, intangible amortization expenses declined by $5 million from a year ago, once again, reflecting the absence of the historical quarterly amortization charge associated with the Bernstein acquisition.
Third quarter operating income of $281 million increased 30% versus the prior year period as revenue growth outpaced expense increases. Third quarter operating margin of 31.8% was up 210 basis points year-on-year, reflecting the operating leverage of our business. The incremental third quarter margin was 41% as compared to the prior year period. We continue to manage the business to an incremental margin of 45% to 50%, not necessarily every year, but on average over time. The third quarter effective tax rate for AllianceBernstein LP was 5.7%. We continue to expect an effective tax rate for 2021 of between 5% and 5.5%. I'll finish with an update on our planned corporate headquarters relocation to Nashville, which is going well.
At quarter end, we had 930 Nashville-based employees, nearly 75% of the way to our target of 1,250. For our major offices in the U.S. and EMEA, we began returning to the office in July, which included moving into our new downtown Nashville headquarters building. For the third quarter, estimated expense savings related to our Nashville corporate headquarters relocation totaled $12 million compared to transition costs of $7 million, resulting in a net $5 million increase in operating income or approximately $0.02 per unit. Of the net $5 million, approximately $9 million is compensation-related savings offset by $4 million of increased occupancy costs. For 2021, we expect accretion of approximately $0.04 per unit versus our prior guidance of $0.02 per unit, and we expect savings to be positive each year thereafter. We expect ongoing annual expense savings beginning in 2025, once the transition is over to be in the range of $75 million to $80 million.
Now I'll turn it back to Seth.
Seth P. Bernstein -- President and Chief Executive Officer
Thank you, Ali. Turning to Slide 26. In the third quarter, we continued to make progress on the dimensions we've previously outlined. We drove 5% annualized organic revenue growth, including a 1% increase in fee rate with net flows growing in each channel led by active equities and municipals. We secured our first third-party client for our Equitable back European commercial real estate debt platform and priced our third CLO also with the backing of Equitable. We drove healthy incremental margins in the third quarter and are on track with our long-term goal for the nine months of the year. As a partnership, we have a relatively low tax rate, and we will pay a distribution of $0.89 per unit for the third quarter for a robust trailing 12-month yield to 7% in a low-rate environment.
With that, we are pleased to take your questions.
Questions and Answers:
Operator
[Operator Instructions] Your first question is from the line of Dan Fannon with Jefferies.
Ritwik Roy -- Jefferies -- Analyst
Hi Everyone. This is actually Ritwick Roy filling in for Dan. I hope you guys are doing well today. I had a question actually on the alternatives. Of course, you have highlighted it shown strong growth coming from private wealth channel. I was just curious how are you guys looking at demand from non-type channels? Are you seeing flows become more diversified? And kind of on that point, whether it's retail or otherwise, what sort of funds are you guys in the market raising AUM for outside the sort of the European commercial real estate fund that you guys have highlighted. So yes, I was curious on those points.
Seth P. Bernstein -- President and Chief Executive Officer
Sure. Thanks, Rit, for the question. And thanks for focusing on private alternatives, which is a really important and growing part of both our business and it sounds like the industry as well. So recall, we have north of $20 billion now in our broader private alternatives business. We continue to see that growing at a very, very good pace, not only in the businesses that we have right now, commercial estate debt dimension, our middle market direct lending business as well. We have a U.S. and European real estate debt business as well as otherwise, but also in adjacencies of those that we're building as well, and we expect that to continue to grow and have a lot of faith in it. From a channel perspective, it's pretty well diversified actually.
About 1/4 of the AUM right now is in -- is from the private wealth business that we have, and then 75% of it roughly is from the institutional channel. The institutional channel being both a third party as well as our partners with Equitable and others in insurance, particularly. So we think that, that diversification helps us both in terms of broader diversification in product as well as in channel. To your question of what's around the corner? Look, there's lots around the corner for us. Again, as I mentioned at the outset, we have high hopes for that business. We continue to want to grow it and diversify it both from a product perspective and a channel perspective, including down the line, certainly, hopefully, not overnight, but over time in retail as well. So thanks for the question.
Ritwik Roy -- Jefferies -- Analyst
Got it. Thank you.
Operator
Your next question comes from the line of Bill Katz with Citigroup.
Bill Katz -- Citigroup -- Analyst
Joined a couple minutes late, so I apologize. If you may have covered this in your prepared commentary. Just coming back to the recently announced $10 billion permanent capital initiative with Equitable. One, does the leadership change, change anything? I presume not. But secondly, can you give us an update of maybe where you stand in terms of transitioning the existing book and build in the second book and maybe even some third-party opportunities beyond that?
Ali Dibadj -- Chief Financial Officer and Head of Strategy
Sure. Thanks very much. Yes. So on the $10 billion agreement we have with Equitable to see a lot of our capital in private alternatives. Just a reminder, rough numbers, around half of that will be a reallocation of where they've invested right now with us and the other half will be new capital brought to bear to see things that we expect to grow. And if you remember, a couple of quarters ago, Matt Bass, who runs that business, went through our growth trajectories and think about growing four to five times roughly is what we've done historically, and we continue to believe that we can deliver that for our clients, most importantly and also for our shareholders.
That process is in the early stages at $10 million in the early stages right now. We're working together with Equitable to figure out what asset classes they want to expand into, whether it be areas that we have right now or areas that we want to go into, obviously, and grow those businesses. So we're still working on that front. And so far, the progress is going very well and exactly as planned. I think you'll start to hear more about it in 2022. To your very specific question about the change in leadership, that does not change anything to those plans, both Equitable and AB, the virtuous cycle that we can both create and are both creating and expect that continue to be a bigger driver of our growth in private alternatives.
Bill Katz -- Citigroup -- Analyst
Okay. And just as a follow-up and try to squeeze the second part, and I apologize. But I appreciate the added color and context of the Asia-Pac portfolio. And I certainly appreciate you saying that your fee rate should grind up from here overall. But can you unpack that a little bit? How does Asia-Pac's platform compare to maybe the rest of the asset management platform on a fee rate and margin perspective? And then unrelatedly, as you look to G&A for next year, how should we be thinking about the growth rate given what you gave guidance on for the fourth quarter?
Ali Dibadj -- Chief Financial Officer and Head of Strategy
Why don't I start and then maybe Ajai and Seth can chime in as well. So to the first part of your question, on the fee rate, I think as you saw in some of the Ajai slides, which totally were helpful and give you a little bit of a spotlight on the business we're very proud of. The delivery of the products, obviously, from a fee rate perspective depends on both the channels and the actual products that we deliver, right? And if you look at the products that we're delivering, certainly the shift to active equities in that marketplace and the partnership we have with wonderful distributors there that deliver to the end clients with us, you would expect that the fee rate will be higher from a mix perspective for us from that region. And your expectations would be true for us. And again, as long as we deliver the right product in the right channel to our clients. We believe that we will be rewarded with resistant fee rates in that marketplace.
And again, we're managing the mix across the board. From, I guess, G&A perspective, if that's the second part of your question, Bill, look, there are a couple of things we can go into, right? So pure brass tax from a G&A, you saw this quarter was about a 12% year-on-year increase. If you look at that and disaggregate it, about three points of that 12% increase was the Nashville relocation. We've been pretty clear, hopefully, telegraphing that. So 12% growth goes to something like 9% growth. Again, the national move, delivering really good savings already this year at approximately $0.04 and we hope and continue to be positive as we go forward in terms of savings there. So that, that part of that move is those investments we have to make. Then we are left with kind of 9% growth on a year-on-year basis. And I just disaggregate down to two areas. One area are investments we're making deliberately to deliver for our customers. In particular, we've invested in this quarter. And I think some of the investments will continue in delivering to our clients globally in a more digitally forward manner.
We believe those are giving us really great returns already, and those are deliberate investments from a technology perspective that we want to continue, and that's a part of that of the 9% that's left. And those are delivered decisions, right? Product development decisions as well in there. There is a chunk of that 9% that's left that we wish we didn't have, right? It's not our choice. That's inflationary pressures that are there. And gosh, I'll tell you that the inflationary pressures for all of us, and I'm not sure this is inconsistent with what some of our peers would say, have certainly crept up. So the high end of the mid-single-digit range is how I think about the inflation rate these days. So I think 4% to 6% is the mid-single digits. We're kind of at the higher end of that. That's things like market data services, that's things like recruiting costs, etc. And we don't see that dissipating overtime. So to your question, that's the disaggregation in this quarter. And if you think about in Q4, we would not expect that growth rate to be any less than what we've seen year-on-year in Q3. In fact, I think it's a safe bet to believe, given the ROIs were getting some of these investments that the year-on-year growth in G&A for Q4 would be north of what we saw in Q3. Hopefully, the answer is kind of chunks of your questions, and Ajai and Seth if there are other things you guys might want to add.
Ajai Mohan Kaul -- Chief Executive Officer for Asia Pacific ex Japan
I'm not sure I have a lot more to add, Ali, but to the point that we are focused on continuing to diversify our equity services in the region, that should certainly support the fee rate -- the average fee rate and the mix there. And to the point that I made about continued demand or conversations on multi-asset services solutions and customization. If we succeed in those conversations and bring those assets on, that's also beneficial to the average fee rate.
Bill Katz -- Citigroup -- Analyst
Thank you.
Operator
Your next question is from the line of John Dunn with Evercore.
John Dunn -- Evercore -- Analyst
Hi guys. Maybe one on Private Wealth Management. You guys have talked about kind of a dichotomy between legacy clients outflowing and also there were people liking new products. Maybe can you talk about that push and pull where we are in the short term and then in the medium term as a way to keep all three legs in the stool contributing to growth?
Kate Burke -- Chief Operating Officer and Head of Private Wealth
Sure. Thanks for the question. This is Kate Burke here. But we continue to see a strong mix shift toward the ultra-high net worth business, which we categorize as sort of $20 billion -- or $20 million or greater, and that is growing at a faster rate -- organic growth rate than the rest of our organization, sort of mid-single digits versus the 2% to 3% that we've put up as a net organic growth rate right now. And I think that's largely attributed to a couple of intentional things we're doing around segmentation. So one is, where we have these complex, high-value clients, and they tend to have opportunities and that is often and Seth mentioned this in his comments around those pre-liquidity events.
We think that the wealth advice and the work we're doing with those clients differentiated and enables us to be really an independent valued advisor to that client base. So we continue to do the thought leadership in that area and drive that. But even more broadly, is this overall investment we're also making in our asset allocation and the addition of the alternative and ESG into our SMA platform, do you see things like portfolio with purpose, continuing to be adopted and growing well. It's a little over $6 billion right now. That's up 75% year-over-year. You've seen the alternatives business development, as we mentioned in earlier comments and doubling year-over-year. And we think that, that continues to support our movement into that ultra-high-net-worth space.
That being said, the core platform continues to be very strong in terms of the full breadth of offering we have to that broader time base. And so you'll continue to see segmentation for us being in affluent our kind of traditional core client and then continue to grow in that ultra-high-net-worth space, I think over time, with a different -- and we'll continue to invest in improving that offering as well as differentiating among those different segments.
John Dunn -- Evercore -- Analyst
Got you. And then maybe one looking out a little further. As you build the China business in over a bunch of years. What do you think -- what strategies might -- do you think might be in demand in that market? And do you think it's going to be a different kind of market than the rest of Asia, product-wise?
Ajai Mohan Kaul -- Chief Executive Officer for Asia Pacific ex Japan
Well, I think the market lends itself to active management. And so we would expect to see ourselves launch a number of different active services in that market, leading off with probably an equity service. There are -- the market there is heavily focused in money market funds as well as hybrid funds, which are a mix of equity and fixed income funds. So differentiated multi-asset services equity. And at some point, customized or solution-type services would be the one that we probably launch in China. So you would see probably a number of services that looked like what we are selling in the rest of APAC, but we would certainly customize to the needs of the domestic market.
John Dunn -- Evercore -- Analyst
Thanks very much guys.
Operator
Our next question is from the line of Alex Blostein with Goldman Sachs.
Sheriq Sumar -- Goldman Sachs -- Analyst
Hi. This is Sheriq filling in for Alex. My question is on the Bernstein, the research revenues. Pretty strong growth in this quarter. So we're just seeing if you can provide some color as to how much was it from increased client engagement or more client onboarding versus trading volumes? And if you can just spell out as to what's the strategy for this segment within the U.S. and even outside the U.S. as well? Like we saw pretty strong growth in Asia and in Europe.
Seth P. Bernstein -- President and Chief Executive Officer
It's Seth. Thank you for the question. It was a strong quarter for Bernstein Research. Most of that was attributable to volume, particularly into September where we saw choppier markets, their activity levels rise in that context. Keep in mind that overall in the third quarter, U.S. volumes -- industry volumes were down a bit, but Europe and Asia were up pretty strongly. So it was a nice offset for the business given this diversification. And as you pointed out, Asia continues to grow quite rapidly for us. The other area where we were seeing was pretty strong receipt of checks for subscription research services, which is important, particularly, of course, in Europe and that will continue. But we are volume sensitive. And so unless we saw a pickup in volatility again I wouldn't necessarily see that element of it repeating.
Look, our strategy is to continue to differentiate ourselves with fundamental, research and where we've been spending time and focus is by broadening our offerings in Asia in particular and also in Europe. So we feel that the business continues to gain recognition for its distinctive approach. We have a point of view, which people want to see, but the secular competitive challenges of the research business remain. And while this will be a stronger year, particularly for those firms that have an IPO calendar or our prime brokerage business attached to it. For us, it's been a pretty strong year based on the quality of the research and trading support we've provided.
Sheriq Sumar -- Goldman Sachs -- Analyst
Thank you. Thank you
Operator
And your next question comes from the line of Robert Lee with Keefe, Bruyette & Woods.
Robert Lee -- Keefe, Bruyette & Woods -- Analyst
Great. Good morning and thank you for taking my question. Just real quickly. In the Private Wealth business, you highlighted, one of the things you highlighted was the success you're having with your tax loss harvesting portfolio? And can you talk about ability or interest of rolling that out more broadly, just kind of clearly that seems to be a very popular and hot growth area for the broader wealth management industry. So maybe touch on that first.
Kate Burke -- Chief Operating Officer and Head of Private Wealth
Sure. Well, I can start from the Private Wealth perspective. Yes, there are two things, I think, that are happening there: One is from a Bernstein Wealth perspective, we have had a very strong tax aware campaign to highlight that adverse offering across the different asset classes and so that has enabled, I think, in many ways for that product to be positioned very well in the marketplace. And we are looking in -- within Private Wealth for further extensions of that product into that panel. In terms of taking it further alternative to Seth or others to opine on the timing of questions around that.
Seth P. Bernstein -- President and Chief Executive Officer
Yes. Look, it's a question we think about a lot. I mean, it sits very nicely in Bernstein Research because much of what Bernstein has always done has been an SMA form, which has allowed us to be quite aggressive in tax management. And we just thought that when we looked at what was publicly available out there, we thought we could build something that was as good or better for our clients. And we're really proud of the team having put it in place. And we do think about where their commercial applications were beyond us. But what we're humble as to what the opportunities are given the competition out there. That being said, I think that the real opportunity is customized indexing, which I think is going to continue to grow, and it's going to grow within both private wealth in our business, but I think also among RIAs and others in the business more broadly, and this is an area we focus on and think about how we participate.
Robert Lee -- Keefe, Bruyette & Woods -- Analyst
Great. And then maybe just a quick follow-up. I mean you've had, obviously, more success than the most and continuing to inflow into your active equities business. And I'm just curious, particularly within U.S. retail, obviously, performance helps -- can't do it without performance. But is there anything else that you could point to maybe specifically in the U.S., do you feel whether it's your size, scale, distribution footprint that's kind of helped you maybe buck the trend a bit more? Because even some peers with good performance are struggling to get any kind of inflows. So any additional color there?
Seth P. Bernstein -- President and Chief Executive Officer
Well, look, I mean, I think good performance is table stakes, and I think your question implies it. And so we agree with that, but we are blessed with it. We've also had interesting products beyond large cap growth, which has been a real strong player for us in the domestic U.S. market, whether it is sustainable, U.S. thematic or other portfolios of purpose that seem to resonate with clients. And I think that's maybe the important attribute. We have developed a number of strategies where clients want the return stream and can't replicate it through passive management. And we have a differentiated return stream that speaks to them, particularly people who are building model portfolios and others who are looking for diversification within their existing models. And so I think given that we were perhaps under scale in equities for a while and we've had products and the clients really value that diversification. I think that's played to our strength, domestically. But I think our calling effort is very thoughtful and increasingly tech enabled. And so I think we're seeing better efficiencies there and being more timely and engaging with clients, but I don't think there's a silver bullet here. I think it's a lot of different functions working very effectively together. And so I guess that's my answer. I don't know, Ali, if you have a different view or additional view.
Ali Dibadj -- Chief Financial Officer and Head of Strategy
No, I think that's great.
Robert Lee -- Keefe, Bruyette & Woods -- Analyst
Great. Thank you so much for taking my question.
Operator
There are no further questions at this time. Mr. Griffin, I'll turn the call back over to you.
Mark C. Griffin -- Head of Investors Relation
Thank you, Misty. Thanks, everyone, for participating in our conference call this morning. Feel free to reach out and contact Investor Relations with any further questions, and have a great rest of your day. Goodbye.
Operator
[Operator Closing Remarks]
Duration: 53 minutes
Call participants:
Mark C. Griffin -- Head of Investors Relation
Seth P. Bernstein -- President and Chief Executive Officer
Ajai Mohan Kaul -- Chief Executive Officer for Asia Pacific ex Japan
Ali Dibadj -- Chief Financial Officer and Head of Strategy
Kate Burke -- Chief Operating Officer and Head of Private Wealth
Ritwik Roy -- Jefferies -- Analyst
Bill Katz -- Citigroup -- Analyst
John Dunn -- Evercore -- Analyst
Sheriq Sumar -- Goldman Sachs -- Analyst
Robert Lee -- Keefe, Bruyette & Woods -- Analyst
More AB analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Retail generated its strongest gross sales ever with net inflows of $6.6 billion, driven by active equities and continued strength in munis, which once again offset moderating sequential outflows in taxable fixed income. And if you remember, a couple of quarters ago, Matt Bass, who runs that business, went through our growth trajectories and think about growing four to five times roughly is what we've done historically, and we continue to believe that we can deliver that for our clients, most importantly and also for our shareholders. AllianceBernstein Holding LP (NYSE: AB) Q3 2021 Earnings Call Oct 29, 2021, 9:30 p.m. | Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Mark C. Griffin -- Head of Investors Relation Seth P. Bernstein -- President and Chief Executive Officer Ajai Mohan Kaul -- Chief Executive Officer for Asia Pacific ex Japan Ali Dibadj -- Chief Financial Officer and Head of Strategy Kate Burke -- Chief Operating Officer and Head of Private Wealth Ritwik Roy -- Jefferies -- Analyst Bill Katz -- Citigroup -- Analyst John Dunn -- Evercore -- Analyst Sheriq Sumar -- Goldman Sachs -- Analyst Robert Lee -- Keefe, Bruyette & Woods -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q3 2021 Earnings Call Oct 29, 2021, 9:30 p.m. [Operator Instructions] I would now like to turn the conference over to your host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. | Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Mark C. Griffin -- Head of Investors Relation Seth P. Bernstein -- President and Chief Executive Officer Ajai Mohan Kaul -- Chief Executive Officer for Asia Pacific ex Japan Ali Dibadj -- Chief Financial Officer and Head of Strategy Kate Burke -- Chief Operating Officer and Head of Private Wealth Ritwik Roy -- Jefferies -- Analyst Bill Katz -- Citigroup -- Analyst John Dunn -- Evercore -- Analyst Sheriq Sumar -- Goldman Sachs -- Analyst Robert Lee -- Keefe, Bruyette & Woods -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q3 2021 Earnings Call Oct 29, 2021, 9:30 p.m. [Operator Instructions] I would now like to turn the conference over to your host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. | Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Mark C. Griffin -- Head of Investors Relation Seth P. Bernstein -- President and Chief Executive Officer Ajai Mohan Kaul -- Chief Executive Officer for Asia Pacific ex Japan Ali Dibadj -- Chief Financial Officer and Head of Strategy Kate Burke -- Chief Operating Officer and Head of Private Wealth Ritwik Roy -- Jefferies -- Analyst Bill Katz -- Citigroup -- Analyst John Dunn -- Evercore -- Analyst Sheriq Sumar -- Goldman Sachs -- Analyst Robert Lee -- Keefe, Bruyette & Woods -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q3 2021 Earnings Call Oct 29, 2021, 9:30 p.m. [Operator Instructions] I would now like to turn the conference over to your host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. |
21571.0 | 2021-10-28 00:00:00 UTC | AllianceBernstein Holding L.P. Q3 adjusted earnings Beat Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q3-adjusted-earnings-beat-estimates-2021-10-28 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for its third quarter that increased from the same period last year.
The company's profit came in at $88.68 million, or $0.89 per share. This compares with $67.01 million, or $0.70 per share, in last year's third quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $88.66 million or $0.89 per share for the period.
Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 21.1% to $1.09 billion from $0.90 billion last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q3): $88.66 Mln. vs. $66.72 Mln. last year. -EPS (Q3): $0.89 vs. $0.69 last year. -Analysts Estimate: $0.86 -Revenue (Q3): $1.09 Bln vs. $0.90 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 its third quarter that increased from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $88.66 million or $0.89 per share for the period. Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for its third quarter that increased from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $88.66 million or $0.89 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for its third quarter that increased from the same period last year. This compares with $67.01 million, or $0.70 per share, in last year's third quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $88.66 million or $0.89 per share for the period. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released a profit for its third quarter that increased from the same period last year. This compares with $67.01 million, or $0.70 per share, in last year's third quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $88.66 million or $0.89 per share for the period. |
21572.0 | 2021-10-27 00:00:00 UTC | FOCUS-Investors on board as U.S. oil majors dismiss wind and solar projects | AB | https://www.nasdaq.com/articles/focus-investors-on-board-as-u.s.-oil-majors-dismiss-wind-and-solar-projects-2021-10-27-0 | nan | nan | By Sabrina Valle and Ross Kerber
HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar.
Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns from businesses they know best and give shareholders cash to make their own renewable bets.
With oil and gas prices jumping this year, the U.S. oil majors mostly have delivered higher returns and achieved better earnings multiples and dividend yields than rivals, cementing shareholder enthusiasm.
“At the end of the day, you don't invest in a company because they promise nice things,” said Adams Funds head Mark Stoeckle, who favors U.S. producers and whose funds do not currently own Royal Dutch Shell Plc RDSa.L, TotalEnergies TTEF.PA or BP Plc BP.L.
Michael Liss, senior portfolio manager of the American Century Value Fund TWADX.O, said it owns more of the U.S. majors than European partly because the American companies spend a lesser share of capital on things like renewable power and alternative fuels at a time when oil demand remains strong.
"We think their pace is going to be more realistic" in the adoption of new energy sources, Liss said.
The split strategies - returns or a faster energy transition - highlight differing investor and government pressures. They also show the difficulties of crafting a global plan to reduce fossil fuel use, the central topic of the coming United Nations COP26 climate change conference.
NO TREE PLANTINGS
Top U.S. oil firms Chevron Corp CVX.N, Exxon Mobil Corp XOM.N and ConocoPhillips COP.N reject a direct role in wind and solar and have put less of their outlays into energy transition plans compared with the Europeans. Most expect to increase oil production.
U.S. producers say they share concerns about climate change. They are pledging to produce the same barrels of oil with lower greenhouse gas emissions than before. They are also trying to make burying carbon in depleted oilfields commercially viable, as well as developing new cleaner fuels like hydrogen and biofuels from algae.
But as Chevron CEO Michael Wirth recently said, U.S. companies prefer to generate profits for shareholders "and let them plant trees."
"There are some who believe we should do what the European companies are doing," Wirth told reporters last month after giving an update on the company's energy transition plans. "But I would say that's not the majority of the shareholders that I hear from."
Europe's energy crisis - with natural gas and electricity prices soaring - partially reflects an underinvestment in fossil fuels, Exxon Senior Vice President Neil A. Chapman said at a conference this month.
U.S. and European governments differ on how they want oil companies to cut emissions. Where U.S. lawmakers favor increased spending on carbon capture and storage, German and British governments have passed laws requiring sharp reductions in greenhouse gases.
A Dutch court in May ordered Royal Dutch Shell to cut its carbon emissions 45% by 2030, a decision that would hasten its exit from fossil fuels. Shell and BP have shed U.S. shale holdings as part of their shift, while TotalEnergies has pledged 20% of its capital spending on electricity and renewables.
Shawn Reynolds, a VanEck fund manager, said current high oil prices lend support to the U.S. majors' strategy and illustrate the danger of decarbonizing production without lowering carbon fuel demand. "There is this slow awakening that an energy transition isn't going to happen overnight," he said. Oil companies that expand into low-margin renewables will miss oil and gas profits, he said.
LIMITS TO GREEN INVESTING
Money flowing in to oil stocks runs contrary to a broader embrace of climate-aware funds. U.S. equity funds ranked as “sustainable” by Morningstar, meaning they largely avoid or underweight fossil fuel stocks, took in $25.7 billion this year through Sept. 30, equal to more than half the inflows into U.S. equity funds without an explicit focus on sustainability.
The total return of the XOP ETF XOP.P, which tracks oil and gas stocks, was 92% for the year as of Tuesday afternoon, compared with a 22% total return of a representative ESG fund, the Vanguard FTSE Social Index Fund VFTAX. The total return of the S&P 500 index was 23% over the same period.
Passive investors have become the largest holders of top oil companies. Those firms mostly cannot sell oil stocks to signal displeasure, and instead must channel their climate concerns through talks with companies and proxy votes.
BlackRock Inc BLK.N and Vanguard, the two largest passive investment firms with some $17 trillion in assets between them, backed dissident directors at Exxon, and supported calls at Chevron's and ConocoPhillips' annual meetings to cut carbon emissions from customers' use of their products. Neither company would comment on specific energy companies, nor would influential state pension funds in California and New York.
Among the 25 largest actively managed U.S. mutual funds, American Funds products were nearly the only holders of top U.S. and European oil firms, according to data from Morningstar Direct.
A spokesperson for American Funds parent Capital Group declined to comment. A Capital equity analyst, Craig Beacock, said in July that higher oil prices could create challenges for oil firms' clean energy approaches.
STAYING INVESTED
Harvard University, Rockefeller Brothers and other U.S. institutions have joined a movement led by Norway's sovereign wealth fund to cut exposure to fossil fuel stocks. A recent tally by activists found institutions with a collective $39.2 trillion of assets have committed to some form of fossil fuel divestment.
Investors contacted by Reuters said they were not ready to follow. Better to stay invested and press companies to explain how they can help limit global temperature increases, said Bruce Duguid, head of stewardship for EOS, an arm of Federated Hermes.
Iancu Daramus, senior sustainability analyst at investor Legal & General Investment Management, said companies generally should cut production and pay out dividends. He doubts emerging market growth will keep oil and gas demand high long-term.
Yet too many oil executives figure they can outlast the others as the world shifts to other fuel sources. Few CEOs want to make steep production cuts, he said.
“Every (oil) company we speak to tends to say they’ll be the last ones standing,” said Daramus.
Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3b1oML0
Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3m9Yq01
Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3Gcf1bd
(Reporting by Sabrina Valle in Houston and Ross Kerber in Boston Editing by Gary McWilliams and Matthew Lewis)
((sabrina.valle@tr.com; Twitter: @sabrinavalle;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sabrina Valle and Ross Kerber HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns from businesses they know best and give shareholders cash to make their own renewable bets. Michael Liss, senior portfolio manager of the American Century Value Fund TWADX.O, said it owns more of the U.S. majors than European partly because the American companies spend a lesser share of capital on things like renewable power and alternative fuels at a time when oil demand remains strong. | Iancu Daramus, senior sustainability analyst at investor Legal & General Investment Management, said companies generally should cut production and pay out dividends. Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3b1oML0 Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3m9Yq01 Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3Gcf1bd (Reporting by Sabrina Valle in Houston and Ross Kerber in Boston Editing by Gary McWilliams and Matthew Lewis) ((sabrina.valle@tr.com; Twitter: @sabrinavalle;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Sabrina Valle and Ross Kerber HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. | Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns from businesses they know best and give shareholders cash to make their own renewable bets. Michael Liss, senior portfolio manager of the American Century Value Fund TWADX.O, said it owns more of the U.S. majors than European partly because the American companies spend a lesser share of capital on things like renewable power and alternative fuels at a time when oil demand remains strong. Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3b1oML0 Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3m9Yq01 Global fossil fuel production projected to miss Paris Climate Accord goalshttps://tmsnrt.rs/3Gcf1bd (Reporting by Sabrina Valle in Houston and Ross Kerber in Boston Editing by Gary McWilliams and Matthew Lewis) ((sabrina.valle@tr.com; Twitter: @sabrinavalle;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sabrina Valle and Ross Kerber HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns from businesses they know best and give shareholders cash to make their own renewable bets. Michael Liss, senior portfolio manager of the American Century Value Fund TWADX.O, said it owns more of the U.S. majors than European partly because the American companies spend a lesser share of capital on things like renewable power and alternative fuels at a time when oil demand remains strong. |
21573.0 | 2021-10-27 00:00:00 UTC | FOCUS-Investors on board as U.S. oil majors dismiss wind and solar projects | AB | https://www.nasdaq.com/articles/focus-investors-on-board-as-u.s.-oil-majors-dismiss-wind-and-solar-projects-2021-10-27 | nan | nan | By Sabrina Valle and Ross Kerber
HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are
doubling down on drilling, deepening a divide with European
rivals on the outlook for renewables, and winning support from
big investors who do not expect the stateside companies to
invest in wind and solar.
Among a dozen U.S. fund managers contacted by Reuters from
companies overseeing about $7 trillion in assets, most said they
prefer oil firms to generate returns from businesses they know
best and give shareholders cash to make their own renewable
bets.
With oil and gas prices jumping this year, the U.S. oil
majors mostly have delivered higher returns and achieved better
earnings multiples and dividend yields than rivals, cementing
shareholder enthusiasm.
“At the end of the day, you don't invest in a company
because they promise nice things,” said Adams Funds head Mark
Stoeckle, who favors U.S. producers and whose funds do not
currently own Royal Dutch Shell Plc , TotalEnergies
or BP Plc .
Michael Liss, senior portfolio manager of the American
Century Value Fund , said it owns more of the U.S.
majors than European partly because the American companies spend
a lesser share of capital on things like renewable power and
alternative fuels at a time when oil demand remains strong.
"We think their pace is going to be more realistic" in the
adoption of new energy sources, Liss said.
The split strategies - returns or a faster energy transition
- highlight differing investor and government pressures. They
also show the difficulties of crafting a global plan to reduce
fossil fuel use, the central topic of the coming United Nations
COP26 climate change conference https://www.reuters.com/business/environment/cop26-glasgow-who-is-going-who-is-not-2021-10-15.
[nL8N2R74EM]
NO TREE PLANTINGS
Top U.S. oil firms Chevron Corp , Exxon Mobil Corp
and ConocoPhillips reject a direct role in wind
and solar and have put less of their outlays into energy
transition plans compared with the Europeans. Most expect to
increase oil production.
U.S. producers say they share concerns about climate change.
They are pledging to produce the same barrels of oil with lower
greenhouse gas emissions than before. They are also trying to
make burying carbon in depleted oilfields commercially viable,
as well as developing new cleaner fuels like hydrogen and
biofuels from algae.
But as Chevron CEO Michael Wirth recently said, U.S.
companies prefer to generate profits for shareholders "and let
them plant trees."
"There are some who believe we should do what the European
companies are doing," Wirth told reporters last month after
giving an update on the company's energy transition plans. "But
I would say that's not the majority of the shareholders that I
hear from."
Europe's energy crisis - with natural gas and electricity
prices soaring - partially reflects an underinvestment in fossil
fuels, Exxon Senior Vice President Neil A. Chapman said at a
conference this month.
U.S. and European governments differ on how they want oil
companies to cut emissions. Where U.S. lawmakers favor increased
spending on carbon capture and storage, German and British
governments have passed laws requiring sharp reductions in
greenhouse gases.
A Dutch court in May ordered Royal Dutch Shell to cut its
carbon emissions 45% by 2030, a decision that would hasten its
exit from fossil fuels. Shell and BP have shed U.S. shale
holdings as part of their shift, while TotalEnergies has pledged
20% of its capital spending on electricity and renewables.
Shawn Reynolds, a VanEck fund manager, said current high oil
prices lend support to the U.S. majors' strategy and illustrate
the danger of decarbonizing production without lowering carbon
fuel demand.
"There is this slow awakening that an energy transition
isn't going to happen overnight," he said. Oil companies that
expand into low-margin renewables will miss oil and gas profits,
he said.
LIMITS TO GREEN INVESTING
Money flowing in to oil stocks runs contrary to a broader
embrace of climate-aware funds. U.S. equity funds ranked as
“sustainable” by Morningstar, meaning they largely avoid or
underweight fossil fuel stocks, took in $25.7 billion this year
through Sept. 30, equal to more than half the inflows into U.S.
equity funds without an explicit focus on sustainability.
The total return of the XOP ETF , which tracks oil
and gas stocks, was 92% for the year as of Tuesday afternoon,
compared with a 22% total return of a representative ESG fund,
the Vanguard FTSE Social Index Fund . The total return of
the S&P 500 index was 23% over the same period.
Passive investors have become the largest holders of top oil
companies. Those firms mostly cannot sell oil stocks to signal
displeasure, and instead must channel their climate concerns
through talks with companies and proxy votes.
BlackRock Inc and Vanguard, the two largest passive
investment firms with some $17 trillion in assets between them,
backed dissident directors at Exxon, and supported calls at
Chevron's and ConocoPhillips' annual meetings to cut carbon
emissions from customers' use of their products. Neither company
would comment on specific energy companies, nor would
influential state pension funds in California and New York.
Among the 25 largest actively managed U.S. mutual funds,
American Funds products were nearly the only holders of top U.S.
and European oil firms, according to data from Morningstar
Direct.
A spokesperson for American Funds parent Capital Group
declined to comment. A Capital equity analyst, Craig Beacock,
said in July that higher oil prices could create challenges for
oil firms' clean energy approaches.
STAYING INVESTED
Harvard University, Rockefeller Brothers and other U.S.
institutions have joined a movement led by Norway's sovereign
wealth fund to cut exposure to fossil fuel stocks. A recent
tally by activists found institutions with a collective $39.2
trillion of assets have committed to some form of fossil fuel
divestment. [nL1N2QO2BT] [nL1N2RM0D1]
Investors contacted by Reuters said they were not ready to
follow. Better to stay invested and press companies to explain
how they can help limit global temperature increases, said Bruce
Duguid, head of stewardship for EOS, an arm of Federated Hermes.
Iancu Daramus, senior sustainability analyst at investor
Legal & General Investment Management, said companies generally
should cut production and pay out dividends. He doubts emerging
market growth will keep oil and gas demand high long-term.
Yet too many oil executives figure they can outlast the
others as the world shifts to other fuel sources. Few CEOs want
to make steep production cuts, he said.
“Every (oil) company we speak to tends to say they’ll be the
last ones standing,” said Daramus.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Global fossil fuel production projected to miss Paris Climate
Accord goals https://tmsnrt.rs/3b1oML0
Global fossil fuel production projected to miss Paris Climate
Accord goals https://tmsnrt.rs/3m9Yq01
Global fossil fuel production projected to miss Paris Climate
Accord goals https://tmsnrt.rs/3Gcf1bd
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Sabrina Valle in Houston and Ross Kerber in
Boston
Editing by Gary McWilliams and Matthew Lewis)
((sabrina.valle@tr.com; Twitter: @sabrinavalle;))
Keywords: CLIMATE UN/OIL INVESTORS (FOCUS, PIX, GRAPHIC)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sabrina Valle and Ross Kerber HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns from businesses they know best and give shareholders cash to make their own renewable bets. Michael Liss, senior portfolio manager of the American Century Value Fund , said it owns more of the U.S. majors than European partly because the American companies spend a lesser share of capital on things like renewable power and alternative fuels at a time when oil demand remains strong. | Iancu Daramus, senior sustainability analyst at investor Legal & General Investment Management, said companies generally should cut production and pay out dividends. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global fossil fuel production projected to miss Paris Climate Accord goals https://tmsnrt.rs/3b1oML0 Global fossil fuel production projected to miss Paris Climate Accord goals https://tmsnrt.rs/3m9Yq01 Global fossil fuel production projected to miss Paris Climate Accord goals https://tmsnrt.rs/3Gcf1bd ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Sabrina Valle in Houston and Ross Kerber in Boston Editing by Gary McWilliams and Matthew Lewis) ((sabrina.valle@tr.com; Twitter: @sabrinavalle;)) By Sabrina Valle and Ross Kerber HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. | Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns from businesses they know best and give shareholders cash to make their own renewable bets. Michael Liss, senior portfolio manager of the American Century Value Fund , said it owns more of the U.S. majors than European partly because the American companies spend a lesser share of capital on things like renewable power and alternative fuels at a time when oil demand remains strong. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global fossil fuel production projected to miss Paris Climate Accord goals https://tmsnrt.rs/3b1oML0 Global fossil fuel production projected to miss Paris Climate Accord goals https://tmsnrt.rs/3m9Yq01 Global fossil fuel production projected to miss Paris Climate Accord goals https://tmsnrt.rs/3Gcf1bd ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Sabrina Valle in Houston and Ross Kerber in Boston Editing by Gary McWilliams and Matthew Lewis) ((sabrina.valle@tr.com; Twitter: @sabrinavalle;)) | By Sabrina Valle and Ross Kerber HOUSTON/BOSTON, Oct 27 (Reuters) - Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in assets, most said they prefer oil firms to generate returns from businesses they know best and give shareholders cash to make their own renewable bets. Michael Liss, senior portfolio manager of the American Century Value Fund , said it owns more of the U.S. majors than European partly because the American companies spend a lesser share of capital on things like renewable power and alternative fuels at a time when oil demand remains strong. |
21574.0 | 2021-10-05 00:00:00 UTC | 7 Stocks To Buy To Follow in Nancy Pelosi’s Footsteps | AB | https://www.nasdaq.com/articles/7-stocks-to-buy-to-follow-in-nancy-pelosis-footsteps-2021-10-05 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With the dynamic environment of the post-pandemic market, the incredible abundance of opportunities has proven that some folks — including yours truly — need to get out more often. Now, we all know about the phenomenon of meme-related stocks to buy. But who would have thought prior to the health crisis that U.S. House of Representatives Speaker Nancy Pelosi may be the ultimate meme to rule them all?
At least that’s the message from the ground, where social media traders have crowned her as the “Queen of Stonks.” Per the Merriam-Webster dictionary, a stonk is a deliberate misspelling of the word stock: “The word is often used humorously on the internet to imply a vague understanding of financial transactions or poor financial decisions.” Thus, a possibility exists that copying Pelosi’s ideas for stocks to buy could be an ironic move.
Rest assured, at least in that narrowly defined context, it’s highly unlikely that the House Speaker is playing mind games with retail investors. Specifically, as Business Insider points out, trades carried out by Pelosi’s husband Paul — a venture capitalist — have been successful. In fact, some of the trades have been so remarkable that they have drawn suspicion about insider trading. Thus, copying Pelosi’s ideas for stocks to buy could be lucrative.
To be 100% clear, I am not insinuating that insider trading occurred — that’s a whole lot of ugly that I don’t care to involve myself in. As multiple mainstream publications have reported, Paul Pelosi’s fortuitously timed stocks to buy do not constitute illicit actions based on privileged information. Granted, the situation looks weird to say the least due to the proximity of power and influence. But mere suspicion is not a cause for conviction.
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And you can also look at the situation in an optimistic light. Since these ideas are open to the public, you can follow them for the benefit of your own portfolio. Of course, this is a risky strategy but if you want stocks to buy from the best pickers in town, you can check out the below ideas:
Microsoft (NASDAQ:MSFT)
Roblox (NYSE:RBLX)
AllianceBernstein (NYSE:AB)
American Express (NYSE:AXP)
Netflix (NASDAQ:NFLX)
PayPal (NASDAQ:PYPL)
Nvidia (NASDAQ:NVDA)
For clarity, I’m referring to the transactions summary for Speaker Pelosi if you want to follow along and perhaps consider other stocks to buy not included on this list. Also, her ideas may not necessarily align with mine so please keep this caveat in mind.
Stocks to Buy: Microsoft (MSFT)
MSFT) logo above the entrance." width="300" height="169">
Source: NYCStock / Shutterstock.com
Records show that on March 19 of this year, Pelosi exercised two call options on consumer technology giant Microsoft: 150 options (or 15,000 shares) with a strike price of $130 and 100 options with a $140 strike. While some bumps have occurred, generally, it was a remarkably well-executed trade, with MSFT up nearly 33% on a year-to-date basis heading into the first weekend of October.
If you’ve followed my work, you’ll know that I’ve often discussed MSFT as one of the stocks to buy for the long haul. Whether the House Speaker or her husband believes it or not is irrelevant to my bullish arguments. Basically, Microsoft owns the business Software as a Service (SaaS) ecosystem. It’s hard to get stuff done on any other office software suite, particularly because your colleagues and partners also use Microsoft SaaS solutions.
Moving forward, I still think MSFT has room to grow. In particular, the gig economy — or the idea of working for yourself, usually through a home business — will probably thrive once the novel coronavirus fades away. Thus, it’s easy to support MSFT’s candidacy for stocks to buy — and Pelosi’s endorsement makes it that much more appealing.
Roblox (RBLX)
Source: Michael Vi / Shutterstock.com
While critics often blast Pelosi for excessively holding onto power, her ideas for stocks to buy prove that at least when it comes to enriching her portfolio, she always knows what’s up. That vitality was on display when she bought shares of Roblox, an online gaming platform and game creation system.
First, records show that she purchased 10,000 shares of RBLX on March 10 of this year, coinciding with the underlying company’s initial public offering. Prior to my research for this topic, I never got the impression that Pelosi was an IPO bull. Good for her.
Second, Roblox involves video games and caters to a young audience — please forgive me but neither description aligns with the House Speaker. Nevertheless, when it comes to wealth building, she seems to have a very sharp eye.
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To be fair, RBLX on paper seems like an intriguing growth narrative. However, the blue-chip stalwart has the better performance. On a YTD basis or since its first public closing price (which is different from its initial offering price), RBLX is up only 9%. Personally, I’m a bit skeptical at this point but I’ll defer to the Speaker on this one.
Stocks to Buy: AllianceBernstein (AB)
Source: shutterstock.com/CC7
AllianceBernstein is much more typical of what you might expect from Pelosi’s portfolio of stocks to buy. Billed as a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors, AllianceBernstein purports to help its clients navigate the uncertainty of capital markets.
Presumably, Pelosi has all the help she could ever want. Therefore, if AB is on her portfolio, that’s a major endorsement regarding stocks to buy. Further, she made two purchases early this year. On Feb. 18, she bought 15,000 shares and later on Feb. 23, she acquired 25,000 shares.
True to form, AB has been one of Pelosi’s strongest performers, with a YTD performance of nearly 53%. Undoubtedly, the enthusiasm toward the economic recovery narrative offered a major catalyst to the asset management firm.
Still, moving forward, I would be cautious. Incidents such as the China Evergrande (OTCMKTS:EGRNF) liquidity crisis impose a dark cloud over the stability of Chinese commercial paper. Thus, it’s not out of the question that it could hurt investing sentiment globally.
American Express (AXP)
Source: First Class Photography / Shutterstock.com
It’s always interesting to peer into influential people’s ideas for stocks to buy as it provides a better insight into their analytical assessment or personality. With American Express, Pelosi seems to be both a visionary and a realist.
Records show that the House Speaker acquired AXP on June 24, 2020, while the U.S. and other nations were grappling with the initial devastation of the Covid-19 crisis. Although the available data doesn’t show an exact share count, the amount purchased is in the neighborhood between $100,000 and $250,000.
Personally, I think it was a wise move. More than likely, Pelosi reasoned that you shouldn’t bet against America and the nation’s ability to jump back from trouble. At the same time, she must have also reasoned that the wealthier components of the U.S. — the demographic which American Express targets — will be better able to manage the pandemic.
7 Best Retail Stocks to Buy Now to Profit From the Coming Toy Shortages
At the same time, it’s cynical, which unfortunately for her plays into the political criticisms she often attracts. Still, as a non-fan, I’ve got to give her credit: When it comes to stocks to buy, she’s consistently on the right.
Stocks to Buy: Netflix (NFLX)
NFLX) logo displayed on a phone which has a keyboard and red background behind it" width="300" height="169">
Source: Pe3k / Shutterstock.com
Another bold move that confirms that just because someone comes off as politically weak does not impugn how shrewd they can be in terms of stocks to buy. Again in June of last year, Pelosi pulled the trigger — a metaphorical one since we all know she doesn’t like the literal variety — on Netflix, the world-famous streaming service.
Again, records don’t show the number of shares acquired, although the amount range goes from $1 million to $5 million. Must be a great life “serving” the public! This trade confirms that Pelosi is not as clueless as her Republican detractors claim — or at least not when we’re talking about stocks to buy. With Americans largely stuck at home, NFLX had nowhere to go but up.
Now, to be fair, I think this trade also shows how out of touch Pelosi and the Washington elite are with the rest of America. I mean, the Democrats have been pushing for greater Covid restrictions, the same restrictions that she’s using to enrich herself.
This doesn’t constitute insider trading but boy — that’s some utter cold cynicism coming from the Speaker.
PayPal (PYPL)
Source: Michael Vi / Shutterstock.com
Yet again, Pelosi never seems to disappoint with her sharp mind toward stocks to buy, this time involving digital payments processor and business solutions provider PayPal. Transactions summaries show that the House Speaker made three separate transactions in June of last year, again when the Covid-19 crisis was a deeply worrying and frightful affair.
She must have reasoned that cashless transactions — a long-time trend even before the pandemic — would accelerate with such a magnitude that it would become the go-to standard, even for small mom-and-pop businesses. And innovative firms like PayPal have been making this transition easier, inspiring the bullish case for its equity unit. So far, this narrative has proven successful, with PYPL up 14% year-to-date.
In the years ahead, the post-pandemic environment should help the fundamental storyline for PYPL. Particularly, the rise of the gig economy is a massive boost for PayPal. Not that I’m the arbiter of the company’s utility, but as a fellow gig worker, PayPal the business (I don’t own its stock) has proven its worth.
7 Top-Rated Pharmaceutical Stocks To Invest in for October
Still, watch out for volatility threats, especially as it relates to the China Evergrande crisis. Things could get squirrely before they stabilize.
Stocks to Buy: Nvidia (NVDA)
Source: JHVEPhoto / Shutterstock.com
I must admit that I find myself disagreeing with the House Speaker on almost every issue she has opined on. However, if there was ever a “you go lady!” moment (stated among her close colleagues, of course) for the longtime Congressional representative, it’s her insistence on staying abreast on all market-influencing news.
How else can you explain her consistent bullishness on semiconductor producer and all-around tech giant Nvidia? In July of this year, Pelosi made two major transactions on NVDA stock, first going long the equity unit and second buying call options. In the prior month as well, she purchased shares amounting to between $1 million and $5 million.
I want to be clear that my admiration for Pelosi’s stock-picking ventures is centered on her cynicism, the magnitude of which I find absolutely remarkable. It also augurs poorly for the semiconductor crisis. With the supply shortage of electronics-related parts for the automotive industry worse than earlier stats projected, semiconductor firms may enjoy unprecedented relevance for possibly another year or two.
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 Follow in Nancy Pelosi’s Footsteps 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. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the dynamic environment of the post-pandemic market, the incredible abundance of opportunities has proven that some folks — including yours truly — need to get out more often. Now, we all know about the phenomenon of meme-related stocks to buy. In fact, some of the trades have been so remarkable that they have drawn suspicion about insider trading. | Of course, this is a risky strategy but if you want stocks to buy from the best pickers in town, you can check out the below ideas: Microsoft (NASDAQ:MSFT) Roblox (NYSE:RBLX) AllianceBernstein (NYSE:AB) American Express (NYSE:AXP) Netflix (NASDAQ:NFLX) PayPal (NASDAQ:PYPL) Nvidia (NASDAQ:NVDA) For clarity, I’m referring to the transactions summary for Speaker Pelosi if you want to follow along and perhaps consider other stocks to buy not included on this list. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the dynamic environment of the post-pandemic market, the incredible abundance of opportunities has proven that some folks — including yours truly — need to get out more often. Now, we all know about the phenomenon of meme-related stocks to buy. | Of course, this is a risky strategy but if you want stocks to buy from the best pickers in town, you can check out the below ideas: Microsoft (NASDAQ:MSFT) Roblox (NYSE:RBLX) AllianceBernstein (NYSE:AB) American Express (NYSE:AXP) Netflix (NASDAQ:NFLX) PayPal (NASDAQ:PYPL) Nvidia (NASDAQ:NVDA) For clarity, I’m referring to the transactions summary for Speaker Pelosi if you want to follow along and perhaps consider other stocks to buy not included on this list. Stocks to Buy: AllianceBernstein (AB) Source: shutterstock.com/CC7 AllianceBernstein is much more typical of what you might expect from Pelosi’s portfolio of stocks to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the dynamic environment of the post-pandemic market, the incredible abundance of opportunities has proven that some folks — including yours truly — need to get out more often. | Stocks to Buy: AllianceBernstein (AB) Source: shutterstock.com/CC7 AllianceBernstein is much more typical of what you might expect from Pelosi’s portfolio of stocks to buy. Presumably, Pelosi has all the help she could ever want. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the dynamic environment of the post-pandemic market, the incredible abundance of opportunities has proven that some folks — including yours truly — need to get out more often. |
21575.0 | 2021-08-12 00:00:00 UTC | EMERGING MARKETS-Colombian peso jumps, Mexican peso dips after c.bank decision | AB | https://www.nasdaq.com/articles/emerging-markets-colombian-peso-jumps-mexican-peso-dips-after-c.bank-decision-2021-08-12 | nan | nan | By Shreyashi Sanyal
Aug 12 (Reuters) - The Colombian peso jumped more than 2% on Thursday, rising for the third straight day, as the country's government said it will sign contracts for new road projects, while Mexico's peso dipped even as its central bank hiked its key lending rate.
Colombia's currency COP= jumped 2.17% to 3,855 against the dollar, clocking its best day since June 2020. Transport Minister Angela Maria Orozco told Reuters that the government will sign contracts for road projects worth 21.3 trillion pesos ($5.39 billion) before its term ends next year.
Analysts consider Colombia's poor highways and delays to modernize them as one of the main factors reducing the competitiveness of the country's economy and its international trade.
A recent rise in oil prices have also boosted the crude exporter's currency.
"We do find select value in the corporate sectors in Peru, Brazil, Colombia and Mexico," Shamaila Khan, head of emerging market debt at AllianceBernstein, told the Reuters Global Markets Forum.
"We favor select commodity credits in these countries that are benefiting from higher commodity prices."
Mexico's peso MXN=fell 0.1% even as the Bank of Mexico raised its key interest rate by 25 basis points to 4.5%, as expected. Its governing board expressed concern about above-target inflation and inflation expectations.
Peru's sol PEN= firmed up to 0.4% before treading water, still dangerously close to all-time lows. Credit Suisse expects the Peruvian central bank to hold the rate unchanged at 0.25%, adding that the bank may prepare markets for a hawkish turn.
Brazil's real BRBY fell 0.6%. Sticking to his hawkish stance, central bank chief Roberto Campos Neto said all measures will be taken to tackle inflation and that markets have started to see the impact of fiscal concerns.
Electricity prices are also a concern as severe drought hits hydropower production. This could constrain medium- and long-term GDP growth to an extent, Citi Research strategists said.
Chile's peso CLP=slipped 0.5% after two unions at Codelco's Andina copper mine said on Wednesday they would walk off the job in less than 24 hours after rejecting the latest contract offer from the state-owned miner.
Latam stocks tracked a global fall in equities, withSao Paulo's Bovespa .BVSP hit by disappointing earnings.
Conglomerate Ultrapar UGPA3.SA fell on a surprise loss, while financial exchange operator B3 B3SA3.SA and meatpacker JBS JBSS3.SA dropped despite strong results. MKTS/GLOB
In El Salvador, spreads on dollar-denominated bonds hit their highest level since November, with some investors seeing an opportunity as yields flash double-digits across the curve.
Key Latin American stock indexes and currencies at 1909 GMT:
Stock indexes
Latest
Daily % change
MSCI Emerging Markets .MSCIEF
1290.05
-0.58
MSCI LatAm .MILA00000PUS
2482.24
-0.86
Brazil Bovespa .BVSP
121003.24
-0.86
Mexico IPC .MXX
51091.67
-0.43
Chile IPSA .SPIPSA
4380.08
0.21
Argentina MerVal .MERV
69015.76
-0.661
Colombia COLCAP .COLCAP
1253.79
0.57
Currencies
Latest
Daily % change
Brazil real BRBY
5.2516
-0.62
Mexico peso MXN=D2
19.9383
-0.12
Chile peso CLP=CL
775.1
-0.57
Colombia peso COP=
3855
2.16
Peru sol PEN=PE
4.0793
0.13
Argentina peso (interbank) ARS=RASL
97.0700
-0.02
Argentina peso (parallel) ARSB=
175.5
1.42
(Reporting by Shreyashi Sanyal and Susan Mathew in Bengaluru; Editing by Sonya Hepinstall)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Its governing board expressed concern about above-target inflation and inflation expectations. Transport Minister Angela Maria Orozco told Reuters that the government will sign contracts for road projects worth 21.3 trillion pesos ($5.39 billion) before its term ends next year. Sticking to his hawkish stance, central bank chief Roberto Campos Neto said all measures will be taken to tackle inflation and that markets have started to see the impact of fiscal concerns. | Its governing board expressed concern about above-target inflation and inflation expectations. By Shreyashi Sanyal Aug 12 (Reuters) - The Colombian peso jumped more than 2% on Thursday, rising for the third straight day, as the country's government said it will sign contracts for new road projects, while Mexico's peso dipped even as its central bank hiked its key lending rate. Transport Minister Angela Maria Orozco told Reuters that the government will sign contracts for road projects worth 21.3 trillion pesos ($5.39 billion) before its term ends next year. | Its governing board expressed concern about above-target inflation and inflation expectations. By Shreyashi Sanyal Aug 12 (Reuters) - The Colombian peso jumped more than 2% on Thursday, rising for the third straight day, as the country's government said it will sign contracts for new road projects, while Mexico's peso dipped even as its central bank hiked its key lending rate. "We do find select value in the corporate sectors in Peru, Brazil, Colombia and Mexico," Shamaila Khan, head of emerging market debt at AllianceBernstein, told the Reuters Global Markets Forum. | Its governing board expressed concern about above-target inflation and inflation expectations. By Shreyashi Sanyal Aug 12 (Reuters) - The Colombian peso jumped more than 2% on Thursday, rising for the third straight day, as the country's government said it will sign contracts for new road projects, while Mexico's peso dipped even as its central bank hiked its key lending rate. Sticking to his hawkish stance, central bank chief Roberto Campos Neto said all measures will be taken to tackle inflation and that markets have started to see the impact of fiscal concerns. |
21576.0 | 2021-08-05 00:00:00 UTC | Ex-Dividend Reminder: German American Bancorp, AllianceBernstein Holding and Healthpeak Properties | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-german-american-bancorp-alliancebernstein-holding-and-healthpeak | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 8/9/21, German American Bancorp Inc (Symbol: GABC), AllianceBernstein Holding LP (Symbol: AB), and Healthpeak Properties Inc (Symbol: PEAK) will all trade ex-dividend for their respective upcoming dividends. German American Bancorp Inc will pay its quarterly dividend of $0.21 on 8/20/21, AllianceBernstein Holding LP will pay its quarterly dividend of $0.91 on 8/19/21, and Healthpeak Properties Inc will pay its quarterly dividend of $0.30 on 8/20/21. As a percentage of GABC's recent stock price of $37.55, this dividend works out to approximately 0.56%, so look for shares of German American Bancorp Inc to trade 0.56% lower — all else being equal — when GABC shares open for trading on 8/9/21. Similarly, investors should look for AB to open 1.79% lower in price and for PEAK to open 0.81% lower, all else being equal.
Below are dividend history charts for GABC, AB, and PEAK, showing historical dividends prior to the most recent ones declared.
German American Bancorp Inc (Symbol: GABC):
AllianceBernstein Holding LP (Symbol: AB):
Healthpeak Properties Inc (Symbol: PEAK):
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 2.24% for German American Bancorp Inc, 7.16% for AllianceBernstein Holding LP, and 3.24% for Healthpeak Properties Inc.
In Thursday trading, German American Bancorp Inc shares are currently up about 0.2%, AllianceBernstein Holding LP shares are up about 1.3%, and Healthpeak Properties Inc shares are up about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of GABC's recent stock price of $37.55, this dividend works out to approximately 0.56%, so look for shares of German American Bancorp Inc to trade 0.56% lower — all else being equal — when GABC shares open for trading on 8/9/21. 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 8/9/21, German American Bancorp Inc (Symbol: GABC), AllianceBernstein Holding LP (Symbol: AB), and Healthpeak Properties Inc (Symbol: PEAK) will all trade ex-dividend for their respective upcoming dividends. | Looking at the universe of stocks we cover at Dividend Channel, on 8/9/21, German American Bancorp Inc (Symbol: GABC), AllianceBernstein Holding LP (Symbol: AB), and Healthpeak Properties Inc (Symbol: PEAK) will all trade ex-dividend for their respective upcoming dividends. German American Bancorp Inc (Symbol: GABC): AllianceBernstein Holding LP (Symbol: AB): Healthpeak Properties Inc (Symbol: PEAK): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of GABC's recent stock price of $37.55, this dividend works out to approximately 0.56%, so look for shares of German American Bancorp Inc to trade 0.56% lower — all else being equal — when GABC shares open for trading on 8/9/21. | Looking at the universe of stocks we cover at Dividend Channel, on 8/9/21, German American Bancorp Inc (Symbol: GABC), AllianceBernstein Holding LP (Symbol: AB), and Healthpeak Properties Inc (Symbol: PEAK) will all trade ex-dividend for their respective upcoming dividends. German American Bancorp Inc (Symbol: GABC): AllianceBernstein Holding LP (Symbol: AB): Healthpeak Properties Inc (Symbol: PEAK): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of GABC's recent stock price of $37.55, this dividend works out to approximately 0.56%, so look for shares of German American Bancorp Inc to trade 0.56% lower — all else being equal — when GABC shares open for trading on 8/9/21. | Looking at the universe of stocks we cover at Dividend Channel, on 8/9/21, German American Bancorp Inc (Symbol: GABC), AllianceBernstein Holding LP (Symbol: AB), and Healthpeak Properties Inc (Symbol: PEAK) will all trade ex-dividend for their respective upcoming dividends. As a percentage of GABC's recent stock price of $37.55, this dividend works out to approximately 0.56%, so look for shares of German American Bancorp Inc to trade 0.56% lower — all else being equal — when GABC shares open for trading on 8/9/21. Similarly, investors should look for AB to open 1.79% lower in price and for PEAK to open 0.81% lower, all else being equal. |
21577.0 | 2021-08-05 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for August 06, 2021 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-ab-ex-dividend-date-scheduled-for-august-06-2021-2021-08-05 | nan | nan | AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on August 06, 2021. A cash dividend payment of $0.91 per share is scheduled to be paid on August 19, 2021. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 12.35% increase over prior dividend payment. At the current stock price of $50.19, the dividend yield is 7.25%.
The previous trading day's last sale of AB was $50.19, representing a -1.99% decrease from the 52 week high of $51.21 and a 90.62% increase over the 52 week low of $26.33.
AB is a part of the Finance sector, which includes companies such as S&P Global Inc. (SPGI) and The Blackstone Group Inc. (BX). AB's current earnings per share, an indicator of a company's profitability, is $3.39. Zacks Investment Research reports AB's forecasted earnings growth in 2021 as 18.21%, compared to an industry average of 19.6%.
For more information on the declaration, record and payment dates, visit the AB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. AB is a part of the Finance sector, which includes companies such as S&P Global Inc. (SPGI) and The Blackstone Group Inc. (BX). Zacks Investment Research reports AB's forecasted earnings growth in 2021 as 18.21%, compared to an industry average of 19.6%. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. AB's current earnings per share, an indicator of a company's profitability, is $3.39. AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on August 06, 2021. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AB was $50.19, representing a -1.99% decrease from the 52 week high of $51.21 and a 90.62% increase over the 52 week low of $26.33. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on August 06, 2021. The previous trading day's last sale of AB was $50.19, representing a -1.99% decrease from the 52 week high of $51.21 and a 90.62% increase over the 52 week low of $26.33. |
21578.0 | 2021-07-29 00:00:00 UTC | AllianceBernstein Holding LP (AB) Q2 2021 Earnings Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-q2-2021-earnings-call-transcript-2021-07-29 | nan | nan | Image source: The Motley Fool.
AllianceBernstein Holding LP (NYSE: AB)
Q2 2021 Earnings Call
Jul 29, 2021, 9:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Thank you for standing by, and welcome to the AllianceBernstein Second Quarter 2021 Earnings Review. [Operator Instructions]
I would now like to turn the conference over to the host of this call, Head of Investor Relations for AB, Mr. Mark Griffin. Please go ahead, sir.
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Mark Griffin -- Investor Relations
Thank you, Angie. Good morning, everyone, and welcome to our second quarter 2021 earnings review. This conference call is being webcast and accompanied by a slide presentation that's posted in the Investor Relations section of our website, www.alliancebernstein.com. With us today to discuss the company's results for the quarter are Seth Bernstein, President and Chief Executive Officer; and Ali Dibadj, Chief Financial Officer and Head of Strategy. Kate Burke, Chief Operating Officer, will join us for questions after our prepared remarks.
Some of the information we'll present today is forward-looking and subject to certain SEC rules and regulations regarding disclosure. So I'd like to point out the safe harbor language on Slide two of our presentation. You can also find our safe harbor language in the MD&A of our second quarter 2021 10-Q, which we filed earlier this morning. Under Regulation FD, management may only address questions of material nature from the investment community in a public forum. So please ask all such questions during this call.
Now I'll turn it over to Seth.
Ali Dibadj -- Chief Financial Officer And Head of Strategy
Thank you, Mark. Good morning, and thank you for joining us today. In the second quarter, we continued to grow organically across all three channels for the third time in the last four quarters. Geographic diversification and differentiated client-focused offerings across active equities, including ESG, multi-asset municipals and alternatives led the way. Our short- and long-term investment performance improved across both equities and fixed income, while our record institutional pipeline maintained an annualized fee base above $50 million. For the quarter, we posted active organic growth of 4% while expanding our adjusted operating margin to 31.7%. We delivered 49% growth in both adjusted earnings per unit and distributions per unit holder. Let's get into the specifics. Starting with the firmwide overview on Slide four. Gross sales were $45 billion, or $36.3 billion net of sales associated with the Venerable transaction. Once again, the quarter sales were second only to pre-financial crisis levels 14 years ago. Ex-Venerable, sales were up $4.5 billion, or 14% from a year ago, and up 9% from the prior quarter. Firmwide active net flows were $6.7 billion, a 4% annualized organic growth rate and were up 5%, excluding access redemptions and the Venerable transaction. Quarter end assets under management of $738 billion rose 23% year-over-year and 6% from the prior quarter. An average AUM of $723 billion increased 25% year-over-year and 5% sequentially. Slide five shows our quarterly flow trend by channel.
Firmwide second quarter net inflows of $6.2 billion represented a 4% annualized organic growth rate. Net flows were positive in each channel for the third quarter of the last four. Retail generated second strongest gross sales ever with net inflows of $5.2 billion as growth in active equities in munis more than offset moderating sequential outflows in taxable fixed income, once again highlighting the balance in our retail business. Institutional sales of $8.9 billion, excluding the Venerable transaction led to net inflows of $900 million, driven by our multi-asset retirement solutions and to active equity. In Private Wealth, gross sales increased 4% year-over-year while declining 33% sequentially. Net inflows of $100 million reflected continued client engagement in what has historically been a seasonally slower quarter sequentially. Now let's turn to investment performance beginning on Slide six. Starting with fixed income. In the second quarter, yields diverged among developed markets, rising in Europe as growth expectations lifted with vaccine rollouts while in the U.S., the 10-year yield fell by 27 basis points to 1.47%. U.S. bond returns were positive and in developed markets, credit outperformed governments as investors looked through near-term transitory inflationary surges. Our fixed income performance continued to strengthen as 91% of our fixed income assets outperformed over the one year period, 69% of assets outperformed over the three year period and 68% over the five year period.
Our offerings generally benefited from an underweighted duration and an overweight to credit. Strategies of global and multi-sector credit positioning included global high yield, which ranked eighth percentile in the quarter and American Income, which ranked 28. Tax exempt continued to post outstanding relative performance with six of our 10 retail municipal funds in the top decile of their Morningstar peer group across all periods and all 10 in the top quartile across all periods. Our tax aware vehicles, including SMA, continued to drive double-digit annualized organic growth rates. Turning to equities. Equity markets continue to rise in parallel of earnings expectations with the S&P 500 up 8.6% and the MSCI world up 7.7% in the second quarter. Through June, the S&P 500 was up 15% year-to-date, while the S&P 500 earnings expectations had risen by 13% over that same period. Interestingly, factoring out dividends, the return this year has almost exactly matched the rise in earnings expectations. In equities, our percentage of assets outperforming strengthened in each time period shown, improving to 44% for the one year period, 66% for the three year period and 71% for the five year period. Growth stocks regained favor in the second quarter after lagging in prior quarters with much of the outperformance of growth stocks occurring later in the quarter as longer-term interest rates retraced.
Our Large Cap Growth, global core and concentrated U.S. and global growth strategies outperformed aided by stock selection and sectors, including healthcare and technology. Our equity platform continues to benefit from broadened global distribution relationships in countries like Japan as well as expanded services to existing clients, which we'll focus on in the next section of the clients -- on client channels. Beginning with retail on Slide seven. Once again, gross sales were the second strongest on record, up 22% year-over-year and up 4% sequentially. Net inflows were $5.2 billion, driven by an 18% annualized organic growth in the active equities, our 17th straight quarter of active equity inflows. We continue to drive positive flows in U.S. retail and Japan. Municipals grew by 23% annualized, helping to offset taxable fixed income outflows, which moderated sequentially as American Income redemptions improved by $1.6 billion versus the prior quarter. As shown on the upper left chart, a balanced in diverse product offering continues to drive consistent organic growth with the retail channel generating positive net inflows, 10 of the last 12 quarters. We remain globally diversified with the U.S., 39% of sales; Japan, EMEA, LatAm, 33% of sales; and Asia, ex-Japan, 28% of sales. We now have 62 products of more than $1 billion each balanced across asset classes as compared to with 48 just a year ago. On a net flows basis, our U.S. equity funds ranked ninth out of 453 managers.
International equity funds ranked 21st out of 253 managers and munis ranked 14th of 111 managers. Several notable individual funds are shown on the bottom right. Turning institutional on Slide eight. First quarter gross sales of $8.9 billion, excluding the Venerable-related sales were up 1% year-over-year and up 82% sequentially. Active equity sales of $2.8 billion more than tripled sequentially driven by European value US SMID Cap Growth and U.S. Concentrated Growth. This was the 12th of the last 14 quarters in which active equity posted net inflows. $4 billion of CRS, Customized Retirement Solutions; and LIS, Lifetime Income Solutions, funded in the quarter. LIS passed the $5 billion AUM milestone this quarter, ending above $6 billion, a solid achievement for this growing platform. Also in the quarter, Equitable seeded a $50 million merger arbitrage vehicle, a strategy for which we are seeing active interest given its strong three year track record. Fixed income sales slowed in the second quarter with outflows driven by the Venerable transaction and the last of the AXA-related redemptions. We've now incurred $13.1 billion in lower feed AXA redemption since we announced them in early 2020, and this redemption program is now essentially complete. Our institutional channel has grown organically, inclusive of these redemptions, highlighting the strength of our globally diversified, differentiated solutions, broad client relationships and talented teams. Our ESG portfolios with purpose grew to $25 billion, up 17% sequentially, driven by our U.S. and Global Sustainable Thematic platform for which RFPs were up three times in the first half of the year versus the prior year period.
We launched the AB sustainable income portfolio and also concluded the AB's climate change in Investment Academy, a first of its kind collaboration with Columbia University, which enrolled over 1,000 clients around the world. The Academy Integrated scientific and academic analysis of how climate change can affect investment risks and opportunities for macroeconomic to issuer levels. Our institutional pipeline grew to a record $17.8 billion at quarter end, up 17% sequentially, driven principally by a large $8 billion CRS mandate. The annualized fee base exceeded $50 million, or 18% compound annual, growth since we began tracking in 2011, with alternatives over half the fee base. Moving to Private Wealth Management on Slide nine. Gross sales of $3.6 billion increased 4% year-over-year and declined 33% sequentially. Combined with lower redemptions, we generated net inflows of over $100 million, reflecting a sequential seasonal slowdown. We built on our successful cash campaign earlier in the year with a new tax aware campaign, which is highly relevant in today's environment. We raised $58 million in qualified opportunity fund focused on tax-efficient investing and $103 million in the second close of our private equity fund of funds. We also launched two new products, sustainable intermediate duration bond fund on the ESG offering and global disruptors of technology and innovation-focused fund.
Our proprietary separately managed equity loss -- tax loss harvesting product now stands at over $1 billion, up 41% sequentially. Our muni impact in the ESG portfolios continue to grow strongly, as shown on the bottom right. I'll finish our business review with the sell side on Slide 10. Bernstein Research revenues decreased by 7% year-over-year and were down 11% sequentially, reflecting more normalized institutional trading volumes as compared with more volatile prior year periods. Growth in Asia remained healthy with trading commissions up 20%, and maybe it continues to ramp strongly. We are successfully engaging clients as evidenced by our 37th Annual Strategic Decisions Conference. Executives attended from 173 of the world's largest and most influential companies with over 2,600 investors up 30% year-over-year. Once again, research checks increased year-over-year, and we ranked highly in the most recent Greenwich U.S. portfolio manager surveys, as exemplified by being ranked number 1 in best high-quality written research and first in the most intense sales coverage. I'll close our business overview with progress toward our strategy in the second quarter on Slide 11. Our investment performance improved in the quarter, with 2/3 or more of equity and fixed income assets now outperforming in both the third and fifth year period. Near-term performance and fixed income continued strong at 91% of assets outperforming, while equity improved sequentially to 44%.
Our geographic and product balance has now driven organic growth across all channels in three of the last four quarters with retail positive 10 of the last 12 quarters and institutional positive eight out of the last nine quarters. Private wealth grew for the third of the last four quarters with active client engagement across our growing inflation and tax aware suite. Our ESG portfolios with purpose stand at $25 billion in assets under management, up 17% sequentially, and we're growing at double-digit annualized rates in alternatives, multi-asset and municipals. We are committed to managing our business to deliver strong incremental operating margins. Our second quarter adjusted operating margin of 31.7% was up 380 basis points year-over-year, with adjusted earnings in unitholder distributions up 49% versus the prior year period.
Now I'll turn it over to Ali Dibadj to review the financials followed by an update on our strategic relationship with Equitable. Ali? Thanks, Seth. Let's start with the GAAP income statement on Slide 13. Second quarter GAAP net revenues of $1.1 billion increased 24% from the prior year period. Operating income of $284 million increased 35% and operating margin of 26% increased by 430 basis points. GAAP EPU of $0.91 in the quarter increased by 54% year-over-year. As always, I'll focus my remarks from here on our adjusted results, which remove the effect of certain items that are not considered part of our core operating business. We base our distribution to unitholders on our adjusted results, which we provide in addition to and not as a substitute for our GAAP results. Our standard GAAP reporting and a reconciliation of GAAP to adjusted results in our presentation appendix, press release and 10-Q. Our adjusted financial highlights are shown on Slide 14, which I'll touch on as we talk through the P&L shown on Slide 15. On Slide 15, beginning with revenues. Net revenues of $881 million increased 26% for the second quarter versus the same prior year periods. Base fees increased 26% for the second quarter versus the prior year period, reflecting 25% higher average AUM, which grew across all three distribution channels and a 1% higher fee rate. The second quarter fee rate of 38.7 basis points was marginally higher sequentially. We continue to believe that although our fee rate may be volatile from time to time, given large mandates such as the $8 billion CRS mandate added this quarter that may skew averages, the long-term trend should be grinding higher. Second quarter performance fees of $54 million increased by $45 million versus the prior year period due primarily to our U.S. select equity long/short fund and our private middle-market lending business. Second quarter revenues for Bernstein Research Services, decreased by 7% from the second quarter of 2020, reflecting higher client trading activity a year ago, driven by outsized market volatility amid the onset of the COVID-19 pandemic. Moving to adjusted expenses. All in, our total second quarter operating expenses of $602 million increased 20% year-over-year. Total compensation and benefits expense increased 26% in the second quarter due primarily to higher incentive compensation and secondarily to higher base compensation, both of which were driven by higher revenues. As we guided to, compensation was 48.5% of adjusted net revenues for the second quarter, flat with the prior year period. If our current revenue trends continue, we may accrue compensation at a 48% ratio for the second half of the year with the option to adjust accordingly if market conditions change. As stated previously, expectations for our full year comp ratio should consider that performance fees have become a bigger piece of our mix, which may drive the comp ratio up. Moreover, as previously mentioned, we expect fringe benefits should ramp up this year post COVID. Promotion and servicing costs increased 12% in the second quarter due to higher transfer and marketing-related expenses as well as modestly higher T&E. Looking forward, we expect promotion and servicing spend levels to begin to return closer to more normalized levels in the second half of 2021 as travel and meetings resume, though the pace at which these pickup remains uncertain. All in, G&A expenses increased by 8% in the second quarter versus the same prior year period, or 6%, including Nashville relocation-related occupancy expenses. For the second quarter, higher portfolio service costs due to fund launches and platform build-outs, including our European commercial real estate debt platform as well as higher professional fees, trading errors and foreign exchange translation drove the increase. We continue to expect full year G&A expenses, excluding the Nashville relocation to be aligned with inflation, but note that we do expect that inflation will likely be higher going forward. Within other expenses, intangible amortization expenses declined by $5 million from a year ago, once again reflecting the absence of the historical quarterly amortization charge associated with the Bernstein acquisition. Second quarter operating income of $279 million increased 43% versus the prior year period as revenue growth outpaced expense increases. Second quarter operating margin of 31.7% was up 380 basis points year-on-year, reflecting the operating leverage of our business. The incremental second quarter margin was 46% as compared to the prior year period. We continue to manage the business to an incremental margin of 45% to 50%, not necessarily every year, but on average over time. The second quarter effective tax rate for AllianceBernstein L.P. was 4.4%. We now expect an effective tax rate for 2021 of between 5% to 5.5%, down from prior guidance of 5.5% to 6%, reflecting a greater mix of domestic sourced earnings. I'll finish up with an update on our planned corporate headquarters relocation to Nashville, which continues to go well. At quarter end, we had 864 Nashville-based employees, nearly 70% of the way to our target of 1,250. For our major offices in the U.S. and EMEA, we began returning to the office in July, which included moving into our new downtown Nashville headquarters building. The new building at Fifth and Commerce, which received a silver lead rating as well as the well health safety seal is an integral part of our unique state-of-the-art mixed-use complex, which includes the National Museum of African-American Music. We're thrilled to welcome back employees into this wonderful headquarters building, and they will enjoy best-in-class amenities. Our new headquarters will also benefit from robust critical system architecture to ensure operations under adverse conditions. For the second quarter, estimated expense savings related to our Nashville corporate headquarters relocation totaled $10 million compared to a transition cost of $8 million, resulting in a net $2 million increase in operating income or approximately $0.01 per unit. Of the net $2 million, approximately $7 million is compensation-related savings, offset by $5 million of increased occupancy costs. For 2021, we continue to expect accretion of around $0.02 per unit increasing each year thereafter. We continue to expect ongoing annual expense savings beginning in 2025, once the transition is over to be toward the upper end of the range of $75 million to $80 million. On last quarter'searnings call we highlighted our private alternatives business and our path to become a global leader in private alternatives. This quarter, we thought it would be helpful to spend a few minutes to discuss in further detail our virtuous cycle with Equitable, especially in the context of recent insurance and asset manager news flow. Turning to Slide 18. As the time line shows, AB and Equitable have accelerated our strategic relationship in recent years toward growth. Starting from the left, as part of our long history together, Equitable and its [Indecipherable] AXA have played a critical role in the development of our private illiquids platform, beginning with the first seed investment in 2013. Since that time, Equitable and AXA have invested a combined $6 billion in committed capital and private alternatives, including the most recent commitment of $1.2 billion, which enable us to seed our new European commercial real estate debt platform. Matt Bass discussed the evolution of this portfolio of offerings on last quarter'searnings call The pace of our collaboration and vision to build businesses together has accelerated since Equitable's 2018 IPO. In fact, earlier this year, AB C-Suite joined the Management Committee of Equitable, ensuring further definition, alignment and execution on strategic objectives between our two companies. We've also recently updated our long-standing investment management agreements with Equitable. Equitable has also agreed to provide permanent capital, which is investment capital's indefinite duration to AB and in doing so has helped initiate the virtuous cycle that exists between our two companies. This virtuous cycle occurs as Equitable seeds and invest it's long-dated assets in AB's current and expanding private illiquids platform, which provide an improved risk-adjusted yield for Equitable's general account. AB benefits by delivering differentiated service to Equitable and its other clients while growing its longer-dated higher fee and higher multiple alternatives offerings. All of this enables Equitable to meet its own objectives while growing a high multiple business, of which it's the majority owner. It is important to note that Equitable and AXA's initial capital commitments have allowed for a powerful multiplier effect, driving a four times increase from seeded AUM to at-scale AUM from third-party committed capital for these businesses. Today, we're pleased to inform stakeholders that Equitable is committing to provide $10 billion in permanent capital over the next three years to build out AB's private illiquids offerings even further, including private alternatives and private placements. This is almost twice the amount of total seed capital we have already at AB, which has grown to our current $20 billion in AUM private alternatives business. Our private placement business is another $12 billion in AUM. We expect this anticipated capital from Equitable will perhaps not immediately, but over time, accelerate both organic and inorganic growth in our private alternatives business, allowing us to continue to deliver our clients -- to our clients, employees, unitholders and other stakeholders. Slide 19 shows that AB currently manages $121 billion for Equitable, of which 64% is the general account and 36% is a separate account and other. As a percentage of Equitable's total general account, AB currently manages approximately 75% of the GA. The $10 billion of permanent capital over the next three years, some of which will be incremental net flows to AB, and some of which will be reallocation, significantly enhances AB's growth prospects. Again, considering the past seed investments has realized four times growth in committed capital from other clients. Slide 20, which we showed last quarter, highlights our organic and inorganic growth strategy in alternatives. The $10 billion of permanent capital from Equitable will allow us to grow our core through scaling existing funds, follow-on funds and new funds targeting new client segments as well as existing -- extending into adjacencies. On the organic -- inorganic side, Equitable's permanent capital commitment will enhance our ability to attract and retain highly qualified teams, in turn, allowing AB to fill gaps while focusing on scalable and higher-growth markets Slide 21 highlights the large valuation differential between traditional and private alternative managers, just as a reminder to all of us. Equitable's permanent capital will help us accelerate growth into a higher multiple business, combined with a multiplier effect shown through Equitable's prior commitments. We anticipate that growth in private illiquids should be accretive to our valuation, not overnight, but over time. Finally, on Slide 22, we further highlight the benefits to both AB and Equitable of the virtuous cycle. Equitable is able to enhance its general account income through appropriate risk-adjusted returns and diversification and ensuring capacity in priority asset classes. AB remains focused on delivering superior investment performance and expanding our differentiated services to our clients, especially private alternatives. In conclusion, we feel privileged to have a like-minded partner owner in Equitable. We've learned from what some of our traditional and private alternatives competitors are doing in industry and believe our relationship with Equitable is a long-term competitive advantage for AllianceBernstein. Now I'll turn it back to Seth.
Seth P. Bernstein -- President And Chief Executive Officer
Thank you, Ali. Turning to Slide 23. In the first quarter, we continued to make progress on the dimensions we've previously outlined. Mainly, we drove a 4% active annualized growth rate spanning across each channel led by active equities, multi-assets and municipals. We expanded our suite of higher fee alternatives with equitable funding our Euro credit platform and seeding a new merger arbitrage vehicle. As Ali just highlighted, Equitable's $10 billion commitment to private illiquids over the next three years will significantly accelerate our opportunity set and aligns with their strong mutual interest in growing our yield-enhancing alternative strategy. We drove healthy incremental margins in the quarter in line with our long-term goal. As a partnership, we have a durably low tax rate, and we will pay a distribution of $0.91 per unit for the second quarter for a robust trailing 12-month yield of 7% in a low-rate environment.
With that, we're pleased to take your questions.
Questions and Answers:
Operator
[Operator Instructions] Your first question comes from the line of Bill Katz with Citi Group.
Bill Katz -- Citigroup -- Analyst
Thank you, Good morning everybody. I appreciate the added disclosure. Super helpful this morning. Maybe we could start with that on the insurance side. Could you talk a little bit about just a little more detail on the underlying economics on the $10 billion? It sounds like some of it may be new, some of it may be replacement. But maybe you could help us with where you are today in terms of insurance-related revenues coming off of Equitable and then how you sort of see the $10 billion coming through the P&L.
Ali Dibadj -- Chief Financial Officer And Head of Strategy
Sure. So thanks, Bill, for the question. We think this is a meaningful step for AllianceBernstein and Equitable. This type of things should not be unfamiliar to people like yourself who cover some of the prime alternative firms as well, and you see them in the newsflow. It is $10 billion. And you're right that it is some incremental, some reallocation but all to our illiquids suites so private placements and private alternatives, which as you know, are generally, not always, but generally higher fee areas to manage. The benefit that we get on top of that is we have a track record of taking that AUM and multiplying it by about four.
We hope that track record continues. And in doing that and in thinking about that, we certainly have a glide path that we've developed together with Equitable. We won't dimensionalize much further about exactly what we're going to do with the $10 billion, how we're going to grow it. It's a little bit of a freedom to build new businesses together for Equitable and for AB, serving their need to improve their yield and our desire on behalf of unitholders and employees and other stakeholders to grow our private alternatives business. But it could be organic or inorganic growth prospects. As we mentioned in the prepared remarks, we manage about $121 billion for Equitable. And we have about 75 -- just for sake of background, that 75 insurance clients that we serve as well. And we think that what we're building conservative more insurance clients even more growth for us, exactly as Seth said in his remarks as well.
Bill Katz -- Citigroup -- Analyst
Okay. It's helpful. And then just my follow-up question. To unpack maybe the expense discussion a little bit. If I look at your G&A, it was up pretty measurably and there's a whole bunch of things that sort of fall into that. So sort of wondering like what's the exit pacing on that. And then in line with your commentary around sort of the normalization, whatever that might mean for the second half of the year, how should we be thinking about just sort of the pace of growth in the promo line? And is 2019 still the right baseline to be sort of modeling back to? Or are there other offsets along the way that can maybe temper some of that normalization?
Ali Dibadj -- Chief Financial Officer And Head of Strategy
Sure. Let's just aggregate that question into two buckets, one about G&A and one about T&E in particular, given that's in promo and servicing. From a G&A perspective, as you can tell, G&A has grown 8% on a year-over-year basis. That includes a relocation expense from Nashville. If you were to take that out, the Nashville relocation, you'd be talking about something like a six-ish percent type growth in G&A. And that was driven by a few things, right? Some of them are very much along the plans that we had in terms of growth, higher portfolio costs for launching new products.
For example, our European commercial real estate debt platform, which also is in partnership with Equitable. There are some higher professional fees in there, some trading errors, FX. Those types of things are in that number, and we expect that to continue as the year goes on. Now what I'd say is, we also continue our guidance previously to stick, which is that excluding the Nashville relocation costs, we would expect that G&A would grow with inflation. Now as we've said in our prepared remarks, we think inflation is probably a little bit higher now than it was before, but that guidance really doesn't change.
And by the way, just by way of interest, we are seeing in the G&A line, some real inflation coming from market data costs from professional services fees, so our eyes wide open about managing that, but that will continue. So that's kind of the G&A part. Now you mentioned promo and servicing and obviously, the big driver of that for us is watching T&E, watching for meetings. And look, there [Indecipherable] it's hard to say, right? It's hard to say what's going to come out over the next little while here.
We're all watching delta and being very careful. What I will say is that in some of those T&E expenses, for example, some of those for meetings, we've, year-on-year, doubled and sometimes tripled the cost of those, i.e., things are ramping back up. Think about what we're doing in Asia, as an example, those are ramping back up. So those costs have doubled or tripled so far. But still, they're significantly -- to your run rate question, they're significantly lower than what we saw in 2019, call it, we're below 20% kind of numbers of our 2019 run rate. So there's a lot more room to run here from an upside perspective. And we'll watch that. I don't have a great answer to you. What I do know is for all of our sakes -- look, I'd certainly like to see some savings relative to 2019 numbers. But for all of our sakes, I sure hope that we get to see client live, see colleagues, see partners and yes, even see you, Bill, live over the course of the next few months here. So we'll just watch it carefully.
Bill Katz -- Citigroup -- Analyst
Ok, Thank you very much.
Operator
Your next question comes from the line of John Dunn with Evercore ISI.
John Dunn -- Evercore ISI -- Analyst
Hi, Good morning. Just thinking about framing the puts and takes of flows in the Private Wealth channel. You mentioned fund launches, tax harvesting and seasonality. But can you maybe talk about some of the other drivers in or out?
Kate Burke -- Chief Operating Officer
Sure. Ali, I can take that one. Thanks for the question. So not only did we continue to see strength in our cash campaign from earlier in the year where we were having clients near out of cash and back into the more active markets. We also launched a new tax-aware campaign, which we think is highly relevant in today's environment. And so there, you're seeing the wealth advice continue to drive a lot of our client engagement with us. We will see additional product launches in the back half of the year. In alternatives, ESG and the SMA platform, to continue to invest in that space and to provide what we think are good additions to our core offering for particularly our complex and high-value clients, which continue to grow nicely and are a substantial portion of our net inflows year-to-date.
John Dunn -- Evercore ISI -- Analyst
Got you. And then U.S. growth equities continues to do really well. Can you kind of give us a regional breakdown of where that demand is coming from?
Seth P. Bernstein -- President And Chief Executive Officer
Sure. The demand has been principally in the United States and in Japan. And Japan has been particularly prominent for us this year. But it's been a pretty strong performer for us globally.
John Dunn -- Evercore ISI -- Analyst
Thank you very much.
Operator
Your next question comes from the line of Alex Blostein with Goldman Sachs.
Sheriq -- Goldman Sachs -- Analyst
Hi, Thanks for taking my question. This is Sheriq filling in for Alex. My question is on retail. We have seen some strengths lately here across the industry. So what's driving the inflows at AllianceBernstein? And how sustainable are these flows? And then on the fixed income side, I mean, flows have been pretty strong if you kind of exclude the AXA redemption. So under the current, like, given the outlook for the interest rates going forward, what's your outlook for the fixed income flows to keep sustaining these levels of inflows?
Seth P. Bernstein -- President And Chief Executive Officer
Thank you for the question. Look, we have -- and I think we say it in our opening comments, we have had remarkable -- we've had remarkably sustained net inflows particularly in equities over a pretty extended period of time. And it comes from the fact that we have a pretty diverse group of services that have been selling. We've mentioned Large Cap Growth, but we've also had continuing strong interest in our portfolios with purpose. Our sustainable strategies, which really have begun to see strong demand both in U.S. and in Europe. And those are taking an increasing share.
We've even seen interest in value, which has picked up pretty nicely from a performance perspective in the shorter term. And we've seen with the maturation of our private alts business, it's still early days, as Ali was alluding to, but we're continuing to see strong take-up in new -- in new efforts to raise money for our U.S. Commercial real estate debt business, for our middle market lending business and so forth. So it's been pretty diversified in those areas. But I would also add that we've seen more activity in our multi-asset group. Now that could be quite lumpy as we indicated in our comments, specifically our target date -- I'm sorry, our customized retirement solutions tend to be very large, although the fees are lower there and in LIS. So that diversity has played to our strength.
In fixed income, look, we think rates have a likelihood of going higher from here. But remember, we've seen quite a rally in rates that have taken us back down again over the last month. And we don't necessarily think that's sustainable. In fact, we do think rates will rise. While most of the inflationary impacts we've seen, are transitional in our view. There are some expectations building in. And certainly, as people in our industry recognize, it's harder to hire people. There's a real shortage of talent out there. So there are pressures. The consequence of that is we think rates will be rising. That is beneficial for fixed income over time. Yield really does matter to our clients.
And so where I look in fixed income, I am actually pleasantly surprised just how tempered the outflows have been. And in fact, they've been moderating further from Asia in our income products. But look, Asian demand has historically been fickled. There are, obviously, other alternatives, whether it's Chinese equities, which may not, at the moment, be performing very well but have been performing previously that have sites and demand away from higher-yielding services like AIP and GHY. So look, again, it's -- I think, it's a story of a diversified pool of business. I think our SMA, our muni SMA business here in the U.S. has really seen strong demand growth because I think we offer quite a differentiated service to our clients. And I think tax concerns continue to drive interest in more tax-efficient vehicles. So I think it's a more mixed story for sure than equities and alternatives and multi-asset. But I think it is certainly manageable levels for us given the mix of business we have.
Sheriq -- Goldman Sachs -- Analyst
Alright Thank you so much.
Operator
Your next question comes from the line of Dan Fannon with Jefferies.
Rick Roy -- Jefferies -- Analyst
Hi Seth, Ali.Thanks for taking my question. This is actually Rick Roy filling in for Dan. So I appreciate the previous detail given on the G&A run rate. And just as a quick follow-up on that, how should we think about the contribution from some of the more sort of seemingly idiosyncratic items that were detailed in the presentation, kind of what -- for example, the trading errors? And is that incorporated in the guidance you guys mentioned earlier? And then as a follow-up, kind of more broadly, as you guys think about the eventual normalization of expenses and knowing that you guys mentioned the timing around that is a little uncertain. How much would you guys say you're underspending relative to pre-pandemic levels? And to what degree would you say the savings will be sticky? And if you could provide any numbers around this.
Ali Dibadj -- Chief Financial Officer And Head of Strategy
Sure. Thanks, Rick. So two parts to that question, right? One is on some of the kind of one-off things in our G&A. You mentioned trading errors in particular, I can tackle that head on. Look, no one wants trading errors in, ever, but it's part of the business, right? Sometimes these things happen, sometimes they're bigger than others. Everybody has them, right? So you don't model for it, you don't plan for it, but what we've seen in our rearview mirror in terms of errors and all the other idiosyncratic impacts to our G&A is in our guidance. So as we look for the full year, we expect it to be in line with inflation if you take away the Nashville relocation cost, and we stick to that and believe in that.
Again, we'll manage these idiosyncratic events as we go along, but that is our guidance. And we believe even what we've delivered so far, leads us very well to get to that point by the end of the year. So hopefully, that covers that. And it's not just -- there's foreign exchange in there. There's new product launches in there, etc., but we still believe that, that is the right guidance. On broader savings, I guess the way we've articulated it before is that if you think of last year, we would have "underspent" by about $50 million, a little bit north of $50 million. It's an imprecise science. It is what it is, but we think about $50 million, what we "saved" versus the 2019 numbers.
Do we think we'll see all of that come back this year? I mean, look, it's halfway through the year, and I gave you a sense of the numbers before, probably not. Our hope is that we can find savings relative to the 2019 number. We haven't articulated exactly how much, but certainly something that we think clients will want to see us differently and colleagues might travel interoffice differently, and so we'll find some savings there. But it's tough to say exactly what level it will be at. There will be some savings, however, in travel and all the other costs relative to that $50 million that we saved in 2020 versus 2019.
Rick Roy -- Jefferies -- Analyst
Thanks appreciated.
Operator
Your next question comes from the line of Robert Lee with KBW.
Robert Lee -- KBW -- Analyst
Great, Thanks. Good morning. Thanks for taking my question. I mean first one maybe on Private Wealth Management. I'm just kind of curious if you can update us on some of the growth initiatives there. And I guess particularly interested just given the war for talent out there, particularly experienced financial advisors. I mean if you're seeing any kind of pressure on retention or -- and I know you don't necessarily go out and recruit new advisors, you mainly train them yourself. But are you seeing any issues with kind of growing the advisor force as you would like?
Kate Burke -- Chief Operating Officer
Sure. Thanks for the question. So in terms of our growth initiatives, we are on plan with our advisor head count. It's up 3% year-to-date and we're on track to hit our 5% growth target for new advisors in 2021. So we continue to have success in finding and attracting great new talent to our advisor force. And then as you said, we do grow our advisors. We put them through, I think, the best-in-class training program here. So that when they are out with clients, they're able to really represent the best of Bernstein's investment and wealth strategy advice. We certainly do know that there is compensation pressure out there in the industry. We continue to pay competitively and are pleased with our existing force and in terms of the turnover we've seen to date, it's pretty much on average with both previous years. And so we continue to watch that and invest back into the business and into our people to continue to keep what we think is a great competitive advantage, both in our advisor force as well as with our investment teams and wealth strategy and advice teams that have been with us for a long period of time.
Robert Lee -- KBW -- Analyst
And maybe as a follow-up, you didn't touch on in the prepared remarks the tax forms being product. And I mean, clearly, you've seen competitors, make acquisitions, invest in kind of direct indexing, similar space. Can you talk about if you have any current plans to take that capability and roll it out through third-party advisors? Or is the current intention to kind of keep that proprietary in-house?
Kate Burke -- Chief Operating Officer
I'll start with -- I can start with the first part of the answer, and then Ali can join me, I think, when it comes to how we think about M&A. We're very pleased with our current closed architecture approach. We leverage AB products primarily, though you do see us partner occasionally with an outside firm in an alternative space that we have not yet gone into. But we do primarily -- and do primarily plan to continue to grow via AB vehicles. We have launched, for example, and we're in the midst of launching several purpose-driven offerings in 2021 around sustainable thematic SMAs. That's also in conjunction with our retail team, sustainable credit portfolio in partnership as well and then ESG improvers. And then we continue to look, as we've said, in bottoming out the alternatives platform. I'll turn it over to Ali to talk about where we think about that in terms of M&A in that construct.
Ali Dibadj -- Chief Financial Officer And Head of Strategy
Robert, thanks for the question. Just to build on what Kate said, for us, it's all about the client, right? It's all about what the client needs are and delivering for the client. It's exactly, as Kate mentioned, once we understand what we believe the client wants and what we think we should be delivering to the client, it then becomes a question of buy, build or partner, right? And we have success in all three, right? We have success in terms of building things.
You mentioned, for example, the past products that we have, the tax harvesting product that we have, crossed over $1 billion in very, very quick set, and we want to continue that growth there. And as we look at even in that sleeve other custom indexing that is out there, we should certainly look at partnering with other folks. If there is a need that's not fulfilled there, but we've built something that's actually quite robust and quite successful. Then there's the buy option, which we look at quite carefully as everybody on the phone, I think, knows, and we believe there's a lot more activity out there.
And we've had a pretty good track record, I'd say, an accelerating track record as well of acquiring or acu hiring investment processes, tools that can support exactly the set at the outset, what our clients want. And also, I'd say, as Kate mentioned, there's a partnership track. It's not just buy or build. We've really thought long and hard about partnering. We are an integrated architecture in our Private Wealth business, in particular, because we believe that holistic view delivers better for the client. But there are areas where we won't be all things to everyone, and we certainly won't own the investment team so we can partner to bring those through. So we're looking at all three dimensions, and it's all under this umbrella of being maniacally client-centric and client-focused.
Robert Lee -- KBW -- Analyst
Great, Thank you for taking my question.
Operator
Our final question comes from the line of Bill Katz with Citigroup.
Bill Katz -- Citigroup -- Analyst
Just a follow-up -- two-part follow-up. Can you sort of flesh out a little bit what you're doing on the LIS portfolio? It sounds interesting to me. And then just a conceptual question, just given a lot of the headline risk that we're seeing in the Asia Pac, particularly in the China Mainland area, which, I think, is more of a sort of a direct equity issue, but does that have any spillover effect to co-mingled accounts either in terms of absolute level or maybe the mix of what might be coming in the door? Thank you.
Seth P. Bernstein -- President And Chief Executive Officer
Bill, the LIS is a structure we created some years back in partnership with one of our key institutional clients to build an annuity option in defined contribution plans, 403(b) and 401(k) plans. We have what we think is an interesting option where we can give the planned sponsor access to a number of different insurers for those participants who want an annuity option in our portfolio. As you I think know better than most, there is a fundamental public policy issue facing America today, which is many people who are facing -- looking forward for retirement, are undersaved for their post-retirement period.
And the security of having an annuity structure psychologically is very important to a subset of that population. The Secure Act last year, I think, has -- we shuffled the deck and has made this a much more important initiative for planned sponsors than it was before. It can become the default option now. And so we are seeing little interest there, but these are very long process decisions that take considerable amount of time through the RFP stage and ultimately through awarded execution. So it's a slow-moving train, but we're optimistic there will be opportunities that fall out of that for AB.
Switching over to China, look, we -- the executive orders that have come out of Washington, do impact how we manage co-mingled vehicles in the United States, with Chinese equities in them. And like other money managers, we've been responsive to adjusting our portfolios accordingly. It doesn't, as I understand, to impact us how we manage those portfolios outside the United States. And so for example, in our Chinese portfolio -- Mainland portfolios we manage for onshore clients or A shares, we can -- in fact, it hasn't really impacted us in the way that we've managed the portfolios.
Bill Katz -- Citigroup -- Analyst
Ok, Thank you for taking my questions.
Operator
There are no further questions at this time. Mr. Griffin, I'll turn the call back to you.
Mark Griffin -- Investor Relations
Thank you, Angie. Thanks, everyone, for participating in our conference call this morning. Feel free to contact Investor Relations with any further questions, and have a great day. Goodbye.
Operator
[Operator Closing Remarks]
Duration: 54 minutes
Call participants:
Mark Griffin -- Investor Relations
Ali Dibadj -- Chief Financial Officer And Head of Strategy
Seth P. Bernstein -- President And Chief Executive Officer
Kate Burke -- Chief Operating Officer
Bill Katz -- Citigroup -- Analyst
John Dunn -- Evercore ISI -- Analyst
Sheriq -- Goldman Sachs -- Analyst
Rick Roy -- Jefferies -- Analyst
Robert Lee -- KBW -- Analyst
More AB analysis
All earnings call transcripts
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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. | On the organic -- inorganic side, Equitable's permanent capital commitment will enhance our ability to attract and retain highly qualified teams, in turn, allowing AB to fill gaps while focusing on scalable and higher-growth markets Slide 21 highlights the large valuation differential between traditional and private alternative managers, just as a reminder to all of us. And then just a conceptual question, just given a lot of the headline risk that we're seeing in the Asia Pac, particularly in the China Mainland area, which, I think, is more of a sort of a direct equity issue, but does that have any spillover effect to co-mingled accounts either in terms of absolute level or maybe the mix of what might be coming in the door? AllianceBernstein Holding LP (NYSE: AB) Q2 2021 Earnings Call Jul 29, 2021, 9:30 a.m. | Operator [Operator Closing Remarks] Duration: 54 minutes Call participants: Mark Griffin -- Investor Relations Ali Dibadj -- Chief Financial Officer And Head of Strategy Seth P. Bernstein -- President And Chief Executive Officer Kate Burke -- Chief Operating Officer Bill Katz -- Citigroup -- Analyst John Dunn -- Evercore ISI -- Analyst Sheriq -- Goldman Sachs -- Analyst Rick Roy -- Jefferies -- Analyst Robert Lee -- KBW -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q2 2021 Earnings Call Jul 29, 2021, 9:30 a.m. [Operator Instructions] I would now like to turn the conference over to the host of this call, Head of Investor Relations for AB, Mr. Mark Griffin. | Operator [Operator Closing Remarks] Duration: 54 minutes Call participants: Mark Griffin -- Investor Relations Ali Dibadj -- Chief Financial Officer And Head of Strategy Seth P. Bernstein -- President And Chief Executive Officer Kate Burke -- Chief Operating Officer Bill Katz -- Citigroup -- Analyst John Dunn -- Evercore ISI -- Analyst Sheriq -- Goldman Sachs -- Analyst Rick Roy -- Jefferies -- Analyst Robert Lee -- KBW -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q2 2021 Earnings Call Jul 29, 2021, 9:30 a.m. [Operator Instructions] I would now like to turn the conference over to the host of this call, Head of Investor Relations for AB, Mr. Mark Griffin. | Operator [Operator Closing Remarks] Duration: 54 minutes Call participants: Mark Griffin -- Investor Relations Ali Dibadj -- Chief Financial Officer And Head of Strategy Seth P. Bernstein -- President And Chief Executive Officer Kate Burke -- Chief Operating Officer Bill Katz -- Citigroup -- Analyst John Dunn -- Evercore ISI -- Analyst Sheriq -- Goldman Sachs -- Analyst Rick Roy -- Jefferies -- Analyst Robert Lee -- KBW -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q2 2021 Earnings Call Jul 29, 2021, 9:30 a.m. [Operator Instructions] I would now like to turn the conference over to the host of this call, Head of Investor Relations for AB, Mr. Mark Griffin. |
21579.0 | 2021-07-29 00:00:00 UTC | AllianceBernstein Holding L.P. Q2 21 Earnings Conference Call At 9:30 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q2-21-earnings-conference-call-at-9%3A30-am-et-2021-07-29 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 9:30 AM ET on July 29, 2021, to discuss Q2 21 earnings results.
To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations
To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 6791746.
For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 6791746.
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 9:30 AM ET on July 29, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 6791746. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 6791746. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 9:30 AM ET on July 29, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 6791746. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 6791746. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 9:30 AM ET on July 29, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 6791746. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 6791746. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 9:30 AM ET on July 29, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (833) 495-0952 (US) or (409) 216-0498 (International) with conference ID# 6791746. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 6791746. |
21580.0 | 2021-07-29 00:00:00 UTC | AllianceBernstein Holding L.P. Q2 adjusted earnings Beat Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q2-adjusted-earnings-beat-estimates-2021-07-29 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its second quarter that increased from the same period last year.
The company's earnings came in at $90.92 million, or $0.91 per share. This compares with $56.93 million, or $0.59 per share, in last year's second quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $90.68 million or $0.91 per share for the period.
Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 24.1% to $1.08 billion from $0.87 billion last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q2): $90.68 Mln. vs. $59.46 Mln. last year. -EPS (Q2): $0.91 vs. $0.61 last year. -Analysts Estimate: $0.83 -Revenue (Q2): $1.08 Bln vs. $0.87 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 a profit for its second quarter that increased from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $90.68 million or $0.91 per share for the period. Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its second quarter that increased from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $90.68 million or $0.91 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its second quarter that increased from the same period last year. This compares with $56.93 million, or $0.59 per share, in last year's second quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $90.68 million or $0.91 per share for the period. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its second quarter that increased from the same period last year. The company's earnings came in at $90.92 million, or $0.91 per share. This compares with $56.93 million, or $0.59 per share, in last year's second quarter. |
21581.0 | 2021-07-15 00:00:00 UTC | Climate-focused investors give warm welcome to EU masterplan | AB | https://www.nasdaq.com/articles/climate-focused-investors-give-warm-welcome-to-eu-masterplan-2021-07-15 | nan | nan | By Simon Jessop and Ross Kerber
LONDON / BOSTON, July 15 (Reuters) - A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change.
In its biggest climate package yet, the European Commission, the EU's executive body, on Wednesday announced 13 policy proposals spanning energy, shipping, transport and manufacturing.
"The EU is to be applauded for its level of ambition in these targets and for aspiring to be a pioneer on climate change – it certainly sets a strong template for other industrialised nations to follow," said Mark Wade, Head of Sustainability Research and Stewardship at Allianz Global Investors.
Central to the policy proposals are plans to reform the 27-member bloc's Emissions Trading System, which forces polluters to pay for their emissions.
It has long been contentious as representatives of European industry say they are placed at a competitive disadvantage when manufacturers in other countries do not face such costs.
The European Commission is addressing the discrepancy with a proposed border levy - or Carbon Border Adjustment Mechanism - that would add a cost to imports to adjust for their emissions. It could in theory move the world closer to a single carbon price, something asset managers say is needed to drive sustainable practice.
Asset owners managing more than $6 trillion earlier this month urged policymakers to agree a global price of carbon.
Currently carbon trades at around $62 per tonne in Europe, CFI2Zc1 around $20 per tonne in North America, and around $7 per tonne in China.
Sanjay Patnaik , who follows climate regulation at the Brookings think tank in Washington, said agreeing a single global cost of carbon would be hard for political leaders, but the EU idea could be "a way to adjust for some of those price differences".
All of the proposals published on Wednesday require negotiations before they can become law. The CBAM could be especially contentious, but the debate already helps to establish that the polluter should pay for their emissions.
"The CBAM sends a clear message to other nations the world’s third largest economy is expecting to see more climate ambition and action from its trading partners," said Rick Stathers, Climate Specialist at UK asset manager Aviva Investors.
RAISING THE CORPORATE BAR
Going forward, any company operating in Europe or selling to the bloc will need to ensure their corporate strategy is aligned with its climate ambitions, said Jeremy Lawson, head of the research institute at UK-based Aberdeen Standard Investments (ASI).
"For some, that will tip the scales towards making net zero commitments. For others it will force them to make those commitments more credible," he said, but added large emitters whose main operations and markets are outside Europe would be less affected.
The next big effort to bring the world into line will be at U.N. climate talks in Glasgow, Scotland, in November.
A report from Climate Action 100+, an investor group pushing for heavy-emitting companies to accelerate their climate transition plans, said in March that none of the 159 companies its members engage with has so far committed to align capital expenditure with the United Nations' 2015 Paris Agreement on climate.
Sara Rosner, director of environmental research and engagement at AllianceBernstein AB.N, said the New York asset manager hopes the Glasgow talks will make clear how efforts such as the EU's will impact corporate finance.
"What could be useful for investors is some guidance on how to connect these country-level commitments to corporate actions. That connection is missing right now," she said.
"We have all these companies and many multinationals that are making commitments to net zero or carbon neutrality, it’s unclear how this all rolls back up into the global reduction we need."
But others said that even though the European proposals still require up to two years of debate to become law agreed by the EU member states and European Parliament, the direction of travel was clear and would help investors take a tougher line with the companies in which they invest.
"To the extent that some asset owners and managers have seen rising climate ambitions as ‘faddish’, these proposals demonstrate the need to take increased mitigation efforts from European and other governments very seriously," ASI's Lawson said.
($1 = 0.8464 euros)
(Reporting by Simon Jessop in London and by Ross Kerber in Boston. Editing by Barbara Lewis)
((simon.jessop@thomsonreuters.com; +44 (0) 207 542 5052; Reuters Messaging: Reuters Messaging: simon.jessop.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 Simon Jessop and Ross Kerber LONDON / BOSTON, July 15 (Reuters) - A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change. "The EU is to be applauded for its level of ambition in these targets and for aspiring to be a pioneer on climate change – it certainly sets a strong template for other industrialised nations to follow," said Mark Wade, Head of Sustainability Research and Stewardship at Allianz Global Investors. Going forward, any company operating in Europe or selling to the bloc will need to ensure their corporate strategy is aligned with its climate ambitions, said Jeremy Lawson, head of the research institute at UK-based Aberdeen Standard Investments (ASI). | By Simon Jessop and Ross Kerber LONDON / BOSTON, July 15 (Reuters) - A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change. Sara Rosner, director of environmental research and engagement at AllianceBernstein AB.N, said the New York asset manager hopes the Glasgow talks will make clear how efforts such as the EU's will impact corporate finance. "The EU is to be applauded for its level of ambition in these targets and for aspiring to be a pioneer on climate change – it certainly sets a strong template for other industrialised nations to follow," said Mark Wade, Head of Sustainability Research and Stewardship at Allianz Global Investors. | By Simon Jessop and Ross Kerber LONDON / BOSTON, July 15 (Reuters) - A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change. "The EU is to be applauded for its level of ambition in these targets and for aspiring to be a pioneer on climate change – it certainly sets a strong template for other industrialised nations to follow," said Mark Wade, Head of Sustainability Research and Stewardship at Allianz Global Investors. It could in theory move the world closer to a single carbon price, something asset managers say is needed to drive sustainable practice. | By Simon Jessop and Ross Kerber LONDON / BOSTON, July 15 (Reuters) - A European Union climate masterplan to raise the cost of pollution and eliminate emissions is a step towards a single carbon price that many investors striving to make companies more sustainable say can help to engineer deeper change. "The EU is to be applauded for its level of ambition in these targets and for aspiring to be a pioneer on climate change – it certainly sets a strong template for other industrialised nations to follow," said Mark Wade, Head of Sustainability Research and Stewardship at Allianz Global Investors. It could in theory move the world closer to a single carbon price, something asset managers say is needed to drive sustainable practice. |
21582.0 | 2021-06-10 00:00:00 UTC | Financial Sector Update for 06/10/2021: FSK, WETF, BEN, AB | AB | https://www.nasdaq.com/articles/financial-sector-update-for-06-10-2021%3A-fsk-wetf-ben-ab-2021-06-10 | nan | nan | Financial stocks are gaining ahead of Thursday's market open as the Select Financial Sector SPDR (XLF) was up 0.90% in recent trading. The Direxion Daily Financial Bull 3X shares (FAS) were 2.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 2.5% lower.
In company news, FS KKR Capital (FSK) is down than 2% after Wednesday it priced a public offering of $400 million in aggregate principal amount of its 2.625% unsecured notes due 2027.
WisdomTree Investments (WETF) priced a $150 million private offering of its convertible senior notes due 2026. Shares of the exchange-traded fund sponsor were down 1.5% premarket.
Franklin Resources (BEN) is up almost 2% after reporting late Wednesday preliminary assets under management of $1.54 billion in May, up from $1.53 billion a month earlier.
AllianceBernstein (AB) shares up by just a fraction after reporting late Wednesday preliminary assets under management of $731 billion in May, up from $724 billion in April.
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 up by just a fraction after reporting late Wednesday preliminary assets under management of $731 billion in May, up from $724 billion in April. The Direxion Daily Financial Bull 3X shares (FAS) were 2.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 2.5% lower. In company news, FS KKR Capital (FSK) is down than 2% after Wednesday it priced a public offering of $400 million in aggregate principal amount of its 2.625% unsecured notes due 2027. | AllianceBernstein (AB) shares up by just a fraction after reporting late Wednesday preliminary assets under management of $731 billion in May, up from $724 billion in April. The Direxion Daily Financial Bull 3X shares (FAS) were 2.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 2.5% lower. Franklin Resources (BEN) is up almost 2% after reporting late Wednesday preliminary assets under management of $1.54 billion in May, up from $1.53 billion a month earlier. | AllianceBernstein (AB) shares up by just a fraction after reporting late Wednesday preliminary assets under management of $731 billion in May, up from $724 billion in April. The Direxion Daily Financial Bull 3X shares (FAS) were 2.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 2.5% lower. In company news, FS KKR Capital (FSK) is down than 2% after Wednesday it priced a public offering of $400 million in aggregate principal amount of its 2.625% unsecured notes due 2027. | AllianceBernstein (AB) shares up by just a fraction after reporting late Wednesday preliminary assets under management of $731 billion in May, up from $724 billion in April. Financial stocks are gaining ahead of Thursday's market open as the Select Financial Sector SPDR (XLF) was up 0.90% in recent trading. The Direxion Daily Financial Bull 3X shares (FAS) were 2.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 2.5% lower. |
21583.0 | 2021-06-08 00:00:00 UTC | Here's 1 High-Yield Dividend Stock You Can Trust | AB | https://www.nasdaq.com/articles/heres-1-high-yield-dividend-stock-you-can-trust-2021-06-08 | nan | nan | Dividends aren't guaranteed. These payouts are usually at the discretion of the board of directors, so even when a high yield is enticing, it could be short-lived. It's important to recognize that it can disappear at any time.
That's why investors who are looking for a stock with a juicy yield need to pay attention to the company's ability to keep sending cash to shareholders. AllianceBernstein (NYSE: AB) is one company that offers both a big distribution and some unique advantages that make it one you can count on. Let's dig in and see why income-seeking investors might get excited about this investment-management company.
Image source: Getty Images.
More than meets the eye
AllianceBernstein came into existence as a limited partnership through a merger of equals. One was focused on equities and the other on fixed income. Its largest client is actually the majority owner. Financial services provider Equitable Holdings (NYSE: EQH) owns 65% of the firm and accounts for 19% of the assets under management.
That unusual arrangement actually helps the company and unitholders -- owners of partnerships are not technically shareholders -- in a few important ways. First, it's grandfathered in under tax laws as a private partnership. Therefore, it's not subject to corporate income taxes at a federal or state level.
It does have to pay a few other nominal taxes, but its effective tax rate has remained consistently below 10% since 2016. To maintain this status, the firm can't enter into any line of business that's considered outside of providing research and investment-management services. That keeps it focused in its area of expertise.
Another advantage is its access to capital. With Equitable Holdings as majority owner, AllianceBernstein has an in-house large customer for new ventures. Equitable has invested more than $1 billion in previous funds, and the relationship provides stability for assets that are illiquid -- not able to be sold easily. Further, the firm has a low-cost, $900 million line of credit that it can draw down, if needed. As the spring of 2020 proved, access to low-cost credit may become necessary with little warning.
The final advantage is for yield seekers. Because of its structure, AllianceBernstein is required to pay out all available cash flow to unitholders. That's helped it outperform the S&P 500 index on a total-return basis -- price gains plus distributions -- even over the past five years when stocks posted historically outsized gains.
AB Total Return Level data by YCharts.
A three-pronged approach to increasing profitability
The firm has delivered that performance primarily by pulling three levers: increasing assets under management (AUM), gaining traction in higher-fee investment areas, and executing cost reductions.
In terms of AUM, it's been compounding 8% annually since 2016. Within those assets, the percentage of actively managed equities (portfolios focused on certain geographies or strategies) and alternatives (like hedge funds, private equity, and real estate) has grown from 50% to 58.4%. Those are higher-fee funds, so each dollar managed generates more revenue. AllianceBernstein doesn't let the added revenue change its thrifty ways.
The company has a culture of cost-cutting and is demonstrating it in a high-profile move. It's shifting its corporate headquarters from Manhattan to Nashville, which is going to save at least $75 million per year by 2025. It's also driven compensation as a percentage of revenue down over the past decade. That number has dropped from over 50% between 2011 and 2014 to just under 48% in 2020. That's boosted the adjusted operating margin about 20% since 2016, from 25.2% up to to 30.1%.
A not-so-simple proposition
The somewhat complex ownership structure adds one other twist to an investment in AllianceBernstein. Although the current yield of nearly 7% is enticing, unitholders will have to report their share of the company's income on their own tax returns. It may be a hassle, but just requires a little math and some planning ahead.
Beyond that complication, the investment is straightforward: a growing global investment-management company with a stellar reputation, paying out everything it earns to unitholders. That commitment, along with its history of compounding AUM and attention to controlling costs, make AllianceBernstein a high-dividend stock you can trust.
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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. | Financial services provider Equitable Holdings (NYSE: EQH) owns 65% of the firm and accounts for 19% of the assets under management. Equitable has invested more than $1 billion in previous funds, and the relationship provides stability for assets that are illiquid -- not able to be sold easily. That's why investors who are looking for a stock with a juicy yield need to pay attention to the company's ability to keep sending cash to shareholders. | Financial services provider Equitable Holdings (NYSE: EQH) owns 65% of the firm and accounts for 19% of the assets under management. A three-pronged approach to increasing profitability The firm has delivered that performance primarily by pulling three levers: increasing assets under management (AUM), gaining traction in higher-fee investment areas, and executing cost reductions. That's why investors who are looking for a stock with a juicy yield need to pay attention to the company's ability to keep sending cash to shareholders. | That's why investors who are looking for a stock with a juicy yield need to pay attention to the company's ability to keep sending cash to shareholders. AllianceBernstein (NYSE: AB) is one company that offers both a big distribution and some unique advantages that make it one you can count on. Let's dig in and see why income-seeking investors might get excited about this investment-management company. | Because of its structure, AllianceBernstein is required to pay out all available cash flow to unitholders. That's why investors who are looking for a stock with a juicy yield need to pay attention to the company's ability to keep sending cash to shareholders. AllianceBernstein (NYSE: AB) is one company that offers both a big distribution and some unique advantages that make it one you can count on. |
21584.0 | 2021-06-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 6/6/2021 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-6-6-2021-2021-06-06 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ACE CONVERGENCE ACQUISITION CORP (ACEV) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: ACE Convergence Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. It focuses for a target business in the information technology (IT) infrastructure software and semiconductor sector. The Company has no business operation. The Company has not generated any revenue.
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.
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ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Atlantic Capital Bancshares, Inc. is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients. Its wealth management division offers financial planning, trust administration, investment management, brokerage and estate planning services. It also provides selected capital markets, mortgage banking, and electronic banking services to its corporate, business and individual clients. Its private banking credit products include loans to individuals for personal and investment purposes, such as secured installment and term loans, and home equity lines of credit. Its specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending.
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.
Detailed Analysis of ATLANTIC CAPITAL BANCSHARES INC
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ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
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.
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
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.
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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 Joel Greenblatt is 0% 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 engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
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.
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
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. |
21585.0 | 2021-06-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 6/6/2021 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-john-neff-6-6-2021-2021-06-06 | 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 98% 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 private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The Company's primary mortgage insurance is offered to customers on individual loans at the time of origination on a flow basis, but can also be written in bulk transactions. Its pool insurance provides additional credit enhancement for certain secondary market and other mortgage transactions. The primary mortgage insurance operations were conducted through Essent Guaranty, Inc. which is a mortgage insurer licensed to write mortgage insurance in all 50 states and the District of Columbia, as of December 31, 2016. It offers primary mortgage insurance, pool insurance and master policy. It provides contract underwriting services through CUW Solutions, LLC.
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: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of ESSENT GROUP LTD
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RAYMOND JAMES FINANCIAL, INC. (RJF) is a large-cap growth stock in the Investment Services industry. The rating according to our strategy based on John Neff is 98% 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: Raymond James Financial, Inc. (RJF) is a financial holding company. The Company's subsidiaries include Raymond James & Associates, Inc. (RJ&A), Raymond James Financial Services, Inc. (RJFS), Raymond James Financial Services Advisors, Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc. (Eagle), and Raymond James Bank, N.A. (RJ Bank). It operates through five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank and the Other segment. The Private Client Group segment includes the retail branches of the Company's broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the operations of Eagle, the Eagle Family of Funds and other fee-based asset management programs. RJ Bank segment provides corporate loan, securities based loans (SB) and residential loans.
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: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of RAYMOND JAMES FINANCIAL, 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 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: AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
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: PASS
TOTAL RETURN/PE: FAIL
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
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ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap growth stock in the Regional 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: Atlantic Capital Bancshares, Inc. is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients. Its wealth management division offers financial planning, trust administration, investment management, brokerage and estate planning services. It also provides selected capital markets, mortgage banking, and electronic banking services to its corporate, business and individual clients. Its private banking credit products include loans to individuals for personal and investment purposes, such as secured installment and term loans, and home equity lines of credit. Its specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending.
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: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of ATLANTIC CAPITAL BANCSHARES INC
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ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional 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: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
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 ALLEGIANCE BANCSHARES INC
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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. |
21586.0 | 2021-05-25 00:00:00 UTC | Global asset managers must cancel debt of poor countries, charity report says | AB | https://www.nasdaq.com/articles/global-asset-managers-must-cancel-debt-of-poor-countries-charity-report-says-2021-05-25 | nan | nan | By Marc Jones
LONDON, May 26 (Reuters) - The world's biggest private asset managers should be forced to forgive poor countries' debt so they can cope with COVID-19 and avoid major unrest, a report from a group of charities said on Wednesday.
While G20 governments have frozen low-income countries' loan repayments during the pandemic under the Debt Service Suspension Initiative (DSSI), private creditors have continued to get paid except by countries like Argentina, Ecuador, Lebanon, Belize and Zambia that were heading for default anyway.
The report from the European Network on Debt and Development (Eurodad), comprising 50 non-governmental organisations, warned the debt load was causing health, social, political and economic problems.
"The costs of inaction on commercial creditor participation are already unsustainable," the report's main author, Daniel Munevar, said. "We are seeing massive human suffering."
"Unrest is going to escalate," Munevar said.
Nearly 550 private sector bonds issued by 62 low- and middle-income countries total $691 billion in principal and will cost around $330 billion in debt service over the next five years, the report said.
The top 25 known holders of that debt are led by U.S.-based asset managers BlackRock Inc BLK.N, Allianz SE ALVG.DE unit PIMCO and AllianceBernstein AB.N.
For BlackRock - the world's largest asset manager - cancelling DSSI countries' $18.7 billion of total private sector debt would be the equivalent of a person with the average U.S. net worth of $65,904 taking a $15 loss, the report estimated.
AllianceBernstein, JPMorgan Chase JPM.N and Amundi AMUN.PA had a particularly strong presence in sub-Saharan Africa where the debt problems are the most acute.
Loan payments on $70 billion to $80 billion in extra International Monetary Fund financing last year and this year will hit as the analysed countries face $85 billion in private debt repayments in 2024 and 2025, more than double the $35 billion due this year, Eurodad said.
(1 British pound = $1.4147)
(1 euro = $1.2253)
Debt cancellation comparisonshttps://tmsnrt.rs/34jYfFn
Debt distresshttps://tmsnrt.rs/3yBQ0Td
(Reporting by Marc Jones; Editing by Cynthia Osterman)
((marc.jones@thomsonreuters.com; +44 (0)20 7513 4042; Reuters Messaging: marc.jones.thomsonreuters.com@reuters.net Twitter @marcjonesrtrs))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top 25 known holders of that debt are led by U.S.-based asset managers BlackRock Inc BLK.N, Allianz SE ALVG.DE unit PIMCO and AllianceBernstein AB.N. "The costs of inaction on commercial creditor participation are already unsustainable," the report's main author, Daniel Munevar, said. By Marc Jones LONDON, May 26 (Reuters) - The world's biggest private asset managers should be forced to forgive poor countries' debt so they can cope with COVID-19 and avoid major unrest, a report from a group of charities said on Wednesday. | "The costs of inaction on commercial creditor participation are already unsustainable," the report's main author, Daniel Munevar, said. The top 25 known holders of that debt are led by U.S.-based asset managers BlackRock Inc BLK.N, Allianz SE ALVG.DE unit PIMCO and AllianceBernstein AB.N. By Marc Jones LONDON, May 26 (Reuters) - The world's biggest private asset managers should be forced to forgive poor countries' debt so they can cope with COVID-19 and avoid major unrest, a report from a group of charities said on Wednesday. | "The costs of inaction on commercial creditor participation are already unsustainable," the report's main author, Daniel Munevar, said. The top 25 known holders of that debt are led by U.S.-based asset managers BlackRock Inc BLK.N, Allianz SE ALVG.DE unit PIMCO and AllianceBernstein AB.N. Nearly 550 private sector bonds issued by 62 low- and middle-income countries total $691 billion in principal and will cost around $330 billion in debt service over the next five years, the report said. | "The costs of inaction on commercial creditor participation are already unsustainable," the report's main author, Daniel Munevar, said. The top 25 known holders of that debt are led by U.S.-based asset managers BlackRock Inc BLK.N, Allianz SE ALVG.DE unit PIMCO and AllianceBernstein AB.N. "Unrest is going to escalate," Munevar said. |
21587.0 | 2021-05-09 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 5/9/2021 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-5-9-2021-2021-05-09 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ACE CONVERGENCE ACQUISITION CORP (ACEV) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: ACE Convergence Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. It focuses for a target business in the information technology (IT) infrastructure software and semiconductor sector. The Company has no business operation. The Company has not generated any revenue.
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.
Detailed Analysis of ACE CONVERGENCE ACQUISITION CORP
Full Guru Analysis for ACEV>
Full Factor Report for ACEV>
ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Atlantic Capital Bancshares, Inc. is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients. Its wealth management division offers financial planning, trust administration, investment management, brokerage and estate planning services. It also provides selected capital markets, mortgage banking, and electronic banking services to its corporate, business and individual clients. Its private banking credit products include loans to individuals for personal and investment purposes, such as secured installment and term loans, and home equity lines of credit. Its specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending.
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.
Detailed Analysis of ATLANTIC CAPITAL BANCSHARES INC
Full Guru Analysis for ACBI>
Full Factor Report for ACBI>
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
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.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
Full Factor Report for ABTX>
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
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.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
Full Factor Report for ABCB>
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Joel Greenblatt is 0% 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 engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
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.
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB>
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
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. |
21588.0 | 2021-05-06 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for May 07, 2021 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-ab-ex-dividend-date-scheduled-for-may-07-2021-2021-05-06 | nan | nan | AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on May 07, 2021. A cash dividend payment of $0.81 per share is scheduled to be paid on May 27, 2021. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -16.49% decrease from the prior dividend payment. At the current stock price of $45.15, the dividend yield is 7.18%.
The previous trading day's last sale of AB was $45.15, representing a -0.42% decrease from the 52 week high of $45.34 and a 125.3% increase over the 52 week low of $20.04.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group Inc. (BX) and The Bank Of New York Mellon Corporation (BK). AB's current earnings per share, an indicator of a company's profitability, is $3.07. Zacks Investment Research reports AB's forecasted earnings growth in 2021 as 14.09%, compared to an industry average of 15.1%.
For more information on the declaration, record and payment dates, visit the AB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AB is a part of the Finance sector, which includes companies such as The Blackstone Group Inc. (BX) and The Bank Of New York Mellon Corporation (BK). Zacks Investment Research reports AB's forecasted earnings growth in 2021 as 14.09%, compared to an industry average of 15.1%. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. AB's current earnings per share, an indicator of a company's profitability, is $3.07. AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on May 07, 2021. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AB was $45.15, representing a -0.42% decrease from the 52 week high of $45.34 and a 125.3% increase over the 52 week low of $20.04. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on May 07, 2021. The previous trading day's last sale of AB was $45.15, representing a -0.42% decrease from the 52 week high of $45.34 and a 125.3% increase over the 52 week low of $20.04. |
21589.0 | 2021-05-01 00:00:00 UTC | Validea Martin Zweig Strategy Daily Upgrade Report - 5/1/2021 | AB | https://www.nasdaq.com/articles/validea-martin-zweig-strategy-daily-upgrade-report-5-1-2021-2021-05-01 | nan | nan | The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
HORIZON BANCORP INC (HBNC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% 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: Horizon Bancorp Inc, formerly Horizon Bancorp, is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc. The Company operates through commercial banking segment. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. LSB Risk Management, Inc. is a captive insurance company. As of September 1, 2017, the Bank operated through 60 offices throughout northern and central Indiana and southern Michigan and Ohio. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans.
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
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HORIZON BANCORP INC
Full Guru Analysis for HBNC
Full Factor Report for HBNC
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 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.
Company Description: AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
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
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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. |
21590.0 | 2021-04-29 00:00:00 UTC | AllianceBernstein Holding LP (AB) Q1 2021 Earnings Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-q1-2021-earnings-call-transcript-2021-04-30 | nan | nan | Image source: The Motley Fool.
AllianceBernstein Holding LP (NYSE: AB)
Q1 2021 Earnings Call
Apr 29, 2021, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Thank you for standing by and welcome to the AllianceBernstein First Quarter 2021 Earnings Review. At this time, all participants are in a listen-only mode. After their remarks, there will be a question-and-answer session and I will give you instructions on how to ask a question at that time. As a reminder, this conference is being recorded, and will be available for replay for one week.
I would now like to turn the conference over to the host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. Please go ahead.
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Mark Griffin -- Head of Investor Relations
Thank you, operator. Good morning, everyone, and welcome to our first quarter 2021 earnings review. This conference call is being webcast and accompanied by a slide presentation that's posted in the Investor Relations section of our website, www.alliancebernstein.com. With us today to discuss the company's results for the quarter are Seth Bernstein, our President and CEO; and Ali Dibadj, CFO; additionally, Matt Bass, Head of Private Alternatives will join us to discuss our Private Alternatives business; and Kate Burke, COO, will join us for questions after our prepared remarks.
Some of the information we'll present today is forward-looking and subject to certain SEC rules and regulations regarding disclosure. So I'd like to point out the Safe Harbor language on Slide 2 of our presentation. You can also find our Safe Harbor language in the MD&A of our first quarter 10-Q, which we filed earlier this morning. Under Regulation FD, management may only address questions of material nature from the investment community in a public forum. So please ask all such questions during this call.
Now, I'll turn it over to Seth.
Seth Bernstein -- President & Chief Executive Officer
Good morning and thank you for joining us today. In the first quarter, we drove balanced growth across all three channels, geographic diversification and differentiated client focused offerings, specifically across ESG, active equities, alternatives and municipals led the way. Near-term investment performance rebounded strongly in fixed income, while solid long-term performance across other asset classes. And our institutional pipeline grew to a record annualized fee base led by alternatives. For the quarter we posted active organic growth of 4%, while expanding our operating margin to 31.7%. We delivered 27% growth in both earnings and distributions to unitholders.
Let's get into the specifics. Starting with the firmwide overview on Slide 4. Gross sales were $33.3 billion, our second highest quarter since pre-financial crisis 14 years ago. Sales were up $1.7 billion or 5% from a year ago and up 6% from the prior quarter. Firmwide active net inflows were $6.5 billion, a 4% annualized organic growth rate. Quarter-end assets under management of $697 billion were the highest since pre-financial crisis, increasing 29% year-over-year and 2% from the prior quarter. And average AUM was $689 billion, increased 14% year-over-year and 6% sequentially.
Slide 5 shows our quarterly flow trend by channel. First quarter net inflows were positive in each channel. Retail generated its second strongest gross sales ever with net inflows of $2.7 billion as strength in active equities and munis more than offset outflows in taxable fixed income, showing the balance we built in our retail business. Institutional sales of $4.9 billion led to net inflows of $800 million driven by growth in taxable fixed income. In private wealth, gross sales increased 54% year-over-year, and we're up 46% sequentially with continued advisor productivity gains. Net inflows of $1.7 billion reflected improved investment performance and heightened client risk appetite.
Now let's turn to investment performance beginning on Slide 6. In the first quarter, yields rose meaningfully in nearly all developed fixed income markets, reflecting inflationary concerns amid expectations for a strong global economic rebound. With the exception of high-yield, bond returns were negative and credit sectors outperformed governments. Despite the first quarter's yield driven price declines, global credit sectors have rebounded strongly over the past 12 months following the COVID-19 driven sell-off in March of last year.
Our strategies with global and multi-sector credit positioning including global high-yield and American income have benefited during this risk-on period. Furthermore, each of the five income strategies on our retail income platform, U.S. retail income platform, ranked in the top quartile of their respective Morningstar categories over the one-year period. For the one-year period ended in March, 91% of our fixed income assets outperformed a strong rebound versus prior periods. 55% of our assets have outperformed over the three-year period and 65% over the five-year period. Our municipal lineup continued to outperform with 9 out of 10 funds in the top quartile across each time period.
We saw strong inflows. This quarter's income was in demand. For example, our municipal bond inflation fund, which we believe is the only fund in the industry to combine muni bonds and 100% hedge to inflation to tax-efficient CPI swaps. So solid inflows, benefiting from inflationary concerns which were otherwise are negative real products. In equities, our long-term performance remains solid as 57% of assets outperformed over the three-year period and 67% outperformed over the five-year period. Our one-year equity performance of 38% of assets outperforming, reflecting our lower weightings relative to heavy benchmark concentration of mega cap stocks with abnormally high exposures risk factors like beta and momentum. It's worth noting that year-to-date portfolio of these five stocks held in proportion to the market-their market waves would have underperformed the S&P 500 by nearly 800 basis points.
We've positioned our both portfolios to participate in greater market breadth as the economy started to reopen. In the first quarter, 62% of our equity composites outperforming their benchmarks led by our value and core strategies. Growth strategies had held their ground. Our sustainable U.S. thematic equities Fund One Citywire U.S. Offshore award beating over 2,000 funds available to U.S. Offshore investors for providing the most value add over a three-year period. Additionally, our concentrated growth in large cap growth funds were both upgraded to bronze medalist ranked funds by Morningstar, a designation received by only 5% of funds with assets over $100 million.
Moving on to our client channels beginning with retail on Slide 7. Gross sales are the second strongest on record, 5% below our record first quarter 2020, and up 30% sequentially. Net inflows were $2.7 billion, driven by a 17% annualized organic growth in equity, active equities, our 16th straight quarters of active equity inflows. U.S. retail SMA sales accelerated and we had a strong quarter in Japan. Municipals grew by 18% annualized, helping to offset higher taxable fixed income redemptions in our high income suite.
As shown on the upper left chart, a balanced and diverse product offering has led to consistent organic growth with retail channel generating positive net inflows 9 in the last 11 quarters. Geographic balance continues with the U.S. 36% of sales, Japan, EMEA, Latin America 34% of sales and Asia ex Japan 30%. We now have 61 products of more than $1 billion each balanced across asset classes. Our equity funds ranked 12 of 454 managers with several of our largest funds posting strong flow rankings as shown on the bottom right. Muni is ranked 14th out of 110 managers.
Now I'll discuss institutional on Slide 8. First quarter gross sales of $4.9 billion were up 26% year-over-year, driven by diverse fixed income sales and were down 51%, sequentially. Fixed income sales were robust, up 300% driven by credit, U.S. investment grade corporate, securitized debt, CLO and emerging market debt. Active equity sales of $900 million saw strong growth in ESG, and our active equities unfunded pipelines reported the third strongest AFB since we began tracking this back in 2011.
Speaking of ESG, yesterday we announced the groundbreaking commitment as the founding member of the Corporate Affiliate Program at the newly launched Columbia Climate School. This is the second phase of our relationship that began in 2019, facilitating ongoing interaction between AB's investors and Columbia University scientists and experts on climate issues, as they arise in the investment process across portfolios, sectors, asset classes and regions. Our institutional pipeline grew to $15.2 billion at quarter end, up 25% sequentially driven by growth in alternatives. The AFB of well over $50 million is a record and represents a 20% compound annual growth since we began tracking in 2011.
As shown in the bottom right, notable pipeline additions include $1.5 billion of lower fee CRS, $1.1 billion in our fourth U.S. commercial real estate debt funds supported by equitable, $1 billion in Euro CRED also supported by equitable, and $750 million in U.S. investment grade corporate.
Moving to private wealth management on Slide 9. Gross sales of $5.4 billion increased by 54% year-over-year and 46% sequentially, with strong continued improvements in advisor productivity. Combined with lower redemptions, we've generated net inflows of $1.7 billion, reflecting improved investment performance and heightened client risk appetite. Increasingly, clients actively deployed cash into long-term allocations, and we also saw a notable increase in pre-IPO planning versus the prior year, which bodes well for future funding. We raised $106 million in private credit and $75 million in the first close of our private equity fund of funds.
As shown on the bottom right, we continue to experience strong growth in muni impact, ESG and our proprietary separately managed equity tax-loss harvesting product. We're planning for a significant acceleration and new product launches in 2021 across a diverse array of funds including alternative ESG, and SMA platforms.
I'll finish our business overview with the sell-side on Slide 10. Bernstein Research revenues increased 1% sequentially and we're down 8% versus last year's extraordinarily volatile first quarter. Growth in Asia continues to be strong with trading commissions at 50%, compounding similar prior year gains. India continues to shows outsized growth standing from focused investments. Strong increases in U.S. market trading volume shown on the bottom left graph were driven by higher mix of retail investors. As you know, our business remains institutionally focused. That said, we saw generally healthy trading volumes across our desks, despite volatility declining from prior periods. We experienced good momentum for our sell-side offerings with research checks up 15% in the quarter.
Progress on our strategy in the first quarter as shown on Slide 11; 57% of our equity assets and 55% of our fixed income assets are outperforming over three years and 67% of equities and 65% of fixed income are outperforming over five years. Near term in performance and fixed income improved to 91% of assets outperforming. Our geographic and product balance drove consistent organic growth across all channels, with retail positive nine of the last 11 quarters in institutional positive seven as of last eight quarters. Our institutional pipeline now is a record fee base well over $50 million, with alternatives accounting for over half of the total. We closed on a $900 million in our fourth U.S. Commercial Real Estate Debt fund and closed on $400 million in our second CLO. Private wealth had strong sales and net inflows and we're executing on a diverse product pipeline for 2021.
Differentiated product continues to amplify growth, including our ESGs Portfolios with Purpose now $21 billion in AUM up 27% sequentially. We are committed to managing our business to deliver strong incremental operating margins. Our first quarter adjusted operating margin of 31.7% was up 410 basis points year-over-year. We're burning unitholder distributions up 27% versus the prior year period. From time-to-time going forward, I'll be inviting key members of our operating committee to participate in our earnings calls to highlight established and emerging areas of our business.
Today, I'm delighted to introduce Matt Bass, who was our growing private alternatives platform. Matt will share some comments followed by Ali Dibadj, who will wrap up with our financials. Matt?
Matt Bass -- Senior Vice President & Head of Private Alternatives
Thanks, Seth, and good morning, everyone. I'm going to discuss our private alternatives business at AB. History, the current platform, our growth strategies and why we believe AB is well positioned to continue to attract great investment talent and meet our clients' needs.
Before we dive in, I want to provide some context behind the growth of alternatives at AB more broadly. Post financial crisis, we've invested significantly in diversifying the firm, growing our fixed income franchise, growing and diversifying our equity franchise, and building out our multi asset and alternative capabilities. We accomplish this through a combination of organic growth and product development, as well as targeted inorganic growth, acquisitions, team lift-outs and team build-outs. As you can see on Slide 13, since 2010, we've added 10 diversifying alternative investment capabilities to the firm, across both private and public markets.
Turning to Slide 14, in private alternatives, our focus has been on credit oriented strategies. Core competency that aligns with the firm's long tenure liquid credit business [Indecipherable] is a key component of our DNA. I'm showing this to you, as many recover our alternative peers can appreciate on an apples-to-apples basis AB is built $125 billion credit business of which private alternatives represents approximately $20 billion. This sits alongside our private placement business, which manages nearly $12 billion in AUM and our CLO business, which was launched in 2020 with backing from equitable and it's a direct extension of fully integrated with AB's leveraged finance platform. Collectively, these strategies represent more than 25% of our total credit AUM.
On Slide 15, I'll review our current platform before we get into the growth strategy. Today, AB's private alternatives business has scaled capabilities across private credit and real estate including U.S. direct lending, a business we call AB Private Credit Investors, U.S. commercial real estate debt, European commercial real estate debt as well as energy. The business currently has committed capital $20 billion. Let's talk a bit about some of these businesses.
Our direct lending business AB Private Credit Investors was started in 2014 via team lift-out from Barclays, where we hired a core team of five with an established track record and initial backing from equitable. Over the past seven years, we've grown from five to more than 60 professionals focusing on the U.S. middle market. Since inception, the business has deployed approximately $13 billion, investing over 200 middle market companies with approximately to $11 billion in committed capital. We manage both pool vehicles and separate accounts targeted at multiple clients segments.
Our commercial real estate debt business includes U.S. and European lending businesses. Our U.S. business was started in 2012 via team buildup. Since its launch, we've deployed nearly $6 billion, financing more than 100 properties across property types. The business currently has $6.7 billion committed capital, and we manage both pool vehicles and separate accounts on behalf of a global institutional investor base, and are currently in the market with our fourth transitional lending fund having announced initial closing earlier this year.
We entered the European commercial real estate debt market late last year. Again, this fall the same strategy we have deployed in the past targeting a specific investment opportunity, meeting with various teams and aligning on the rate fit. Based in London, the team currently oversees two mandates focused on transitional and opportunistic lending across Europe in the UK. As with our direct lending business, this launch is backed by equitable with a $1 billion commitment, representing another example of the important strategic relationship we share with equitable.
Lastly, our energy offering was launched in 2016 and includes two vintages with $600 million in committed capital. And additionally, we have other alternative strategies that we're growing. Broadly speaking across the private alternatives platform performance targets vary, depending upon strategy vehicle type, we have generated investment performance that's in line with our client commitments.
Turning to Slide 16, let's talk about our growth strategy. Looking forward, the growth backdrop for the private business is very promising. Private market strategies are growing at two times to four times the rate of traditional public market strategies with a favorable supply and demand backdrop. On the supply side, there's a continued share shift from bank and capital markets financing to private financing, owing to speed, flexibility, scale of private capital offers, among other advantages. On the demand side, clients are increasingly allocating to private markets in search of income diversification and to take advantage of illiquidity premiums. With this as a backdrop, our vision for private alternatives at AB is to create an industry-leading platform in terms of breadth of credit oriented private market solutions and our client engagement.
Our growth strategy features both organic and inorganic growth, both supported by the firm's access to strategic capital sources, notably permanent capital through our relationship with equitable, private wealth business, as well as our global institutional and retail footprint. Organic growth has historically been driven by scaling our existing platforms within their core strategies, as well as extending into adjacent strategies. This is expected to continue going forward across all of our existing businesses. Think of this as both growing the tree trunk and adding branches to the tree; growing the trunk by scaling existing funds and launching new funds targeting new clients segments, adding branches by leveraging our existing teams or investment capabilities to extend into adjacent asset classes or strategies.
Let me give you a few examples. On the real estate side, our U.S. business has historically focused on lending against transitional assets. We are extending this into stabilized lending, leveraging our origination network and credit process. We're also launching higher yielding income oriented strategy leveraging the same team and process simultaneously allowing us to extend the high net worth investor market. And the private credit side our direct lending business has a strong presence in growth industries such as technology-enabled services and IT infrastructure. We've leveraged this industry expertise, as well as company and financial sponsor relationships to build the growth stage capital business, which provides debt and equity capital to growth companies.
In addition to organic growth, we have platform gaps that we will continue to fill through targeted acquisitions and team lift-outs. We're not going to be everything to everyone. Our growth will be focused toward large growing end markets where we have an edge. Geographically, our platform is currently weighted toward the U.S. from an investment perspective. Expansion of our real estate credit business into Europe was the first step of geographic expansion in both Europe and Asia represent opportunities that we're considering across investment segments.
We also have platform gaps including private asset-backed as a complement to our existing direct lending business, infrastructure renewables as well as special situations. These large, scalable end markets are also aligned with our clients' needs notably equitable strategy to improve yield and its general account by reallocating assets to higher quality liquid opportunities. This has led to a virtuous cycle with the ability to deliver additional yield to our partners' balance sheet, and at the same time, seed new strategies with permanent capital, enabling AB to continue to expand our business.
Equitable permanent capital has provided the necessary scale to broaden the commercialization of our strategies to AB's global institutional and retail distribution channels, including our private wealth management channel AB Bernstein. We're collectively across these channels we've been successful in raising third party capital equal to four times the amount of the initial founder seed.
On Slide 17, we answer the question, why AB? Since 2010, AB has completed 14 team lift-outs and acquisitions of which 10 have been within alternatives as I previously mentioned. One of the questions we often get is, why AB? How do you attract teams in a competitive market? This slide is an excerpt from a presentation that we use to proactively face the market to source opportunities and engage with teams. The market for talent is competitive, and the teams and companies we are engaging with have multiple options. I think we differentiate ourselves in terms of AB's commitment and building this business as well as the strategic capital sources that I just discussed.
One key factor in our model is the desire to maintain a particular team's investment process and autonomy. We want to facilitate consistency in the team's approach so that they are best positioned to continue to deliver attractive returns for our clients. We get comfortable to providing this autonomy through a detailed upfront diligence on both the market segment and the target investment team. However, we're also strategic about thoughtfully connecting these teams to the broader firm, including technology, operations, and distribution. Through this, we believe we're able to offer our clients, the focus that comes from a dedicated investment team, combined with the institutional resources of a global firm.
Lastly, another important value proposition is how we engage with our teams throughout the process from initial contact through acquisition and commercialization. We have-where we have a dedicated business development team, networks in partnership with the acquired team and the broader firm to drive growth.
With that, I'll now turn the call over to Ali.
Ali Dibadj -- Chief Financial Officer
Thanks, Matt. A great look into a key part of our business and strategy. Let's start with a GAAP income statement on Slide 19. First quarter GAAP net revenues of $1 billion increased 15% from the prior year period. Operating income of $260 million increased 46%, an operating margin of 25.9% increased by 260 basis points. GAAP EPU of $0.81 in the quarter increased by 29% year-over-year. As always, I'll focus my remarks from here on our adjusted results, which remove the effect of certain items that are not considered part of our core operating business.
We base our distribution to unitholders on our adjusted results, which we provide in addition to and not as a substitute for our GAAP results. Our standard GAAP reporting and reconciliation of GAAP to adjust results are in our presentation appendix, press release and 10-Q. Our adjusted financial highlights are shown on Slide 20, which I'll touch on as we walk through the P&L show on Slide 21.
On Slide 21, beginning with revenues, net revenues increased 10% for the first quarter versus the same prior year period. Base fees increased 11% for the first quarter versus the prior year period, reflecting 14%, higher average AUM, which grew across all three distribution channels partially offset by slightly lower fee rate. The first quarter fee rate of 38.6 basis points was essentially flat sequentially. We continue to believe that although our fee rate may be volatile from time-to-time, given large mandate in our pipelines that may skew averages the long-term trend should be grinding higher.
First quarter performance fees of $16 million increased by $10 million versus the prior year period, due primarily to higher fees earned on our private middle market lending business. First quarter revenues for Bernstein Research Services decreased by 8% from the first quarter of 2020, reflecting higher client trading activity a year ago, driven by outsized market volatility, but missed the onset of the COVID-19 pandemic. We incurred investment gains of $2 million in the first quarter primarily see capital related as compared to losses of $7 million in the prior year period.
Moving to adjusted expenses, all in our total first quarter operating expenses of $560 million increased 4% year-over-year. Total compensation and benefits expense increased 10% in the first quarter, due to higher incentive compensation driven by higher revenues. As expected, compensation was 48.5% of adjusted net revenues for the first quarter flat with the prior year period. Given current market conditions, we plan to accrue compensation at a 48.5% ratio in the second quarter of 2021 with the option to adjust accordingly throughout the year, if market conditions change. As we stated last quarter, expectations for our full year comp ratio should consider that performance fees have become a bigger piece of our mix, which may drive the comp ratio up. Moreover as we previously mentioned, fringe benefits may ramp up this year post-COVID.
Promotion and servicing costs declined 21% in the first quarter, due to lower T&E and lower muni costs owing to the COVID-19 pandemic. Looking forward, we expect promotion and servicing spend levels should begin to return closer to more normalized levels in the second half of 2021. As travel and meetings resume, the pace at which these pickup remains uncertain.
G&A expenses increased by 2% in the first quarter versus the same prior period. For the first quarter higher occupancy costs related to the Nashville relocation ancillary taxes, portfolio servicing and unfavorable foreign exchange translations were partially offset by lower errors.
Interest expense declined by $1.5 million, and tangible expenses declined by $5 million from a year ago, the latter reflecting the absence of the quarterly amortization charge associated with the Bernstein acquisition, which ended in the third quarter of 2020.
First quarter, operating income of $260 million increased 26% versus the prior year period as revenue growth outpaced expense increases. First quarter operating margin of 31.7% was up 410 basis points year-on-year, reflecting the operating leverage of our business. Incremental first quarter margin was over 70% as compared to the prior year period. We continue to manage the business to an incremental margin of 45% to 50%. Not necessarily every year, but on average overtime. The first quarter effective tax rate for AllianceBernstein L.P. was 6.4% reflecting discrete items. We continue expecting the effective tax rate for 2021 of approximately 5.5% to 6%.
I'll finish with an update on our planned corporate headquarters relocation to Nashville. Our relocation continues to proceed very well. At quarter end, we had 850 Nashville base employees, two thirds of the way toward target of 1250. Our major offices in the U.S. and EMEA, we plan to begin returning to the office early in the third quarter, which includes moving into our new national headquarters building. For the first quarter estimated expense savings related to our national corporate headquarters relocation totaled $10 million in better transition costs of $7 million, resulting in a net $3 million increase in operating income or net $0.01 accretion to EPU. Of the net $3 million, approximately $70 million is compensation related savings offset by $4 million have increased occupancy costs. For 2021, we continue to expect the accretion of around $0.02 per unit increasing each year thereafter. We continue to expect ongoing annual expense savings beginning in 2025 once the transition is over to be toward the upper end of the range of $75 million to $80 million.
With that, I'll turn the call over to Seth.
Seth Bernstein -- President & Chief Executive Officer
Thank you, Ali. Turning to Slide 23. In the first quarter, we continue to make progress on the dimensions we previously outlined. We drove 4% active annualized organic growth with growth across channels, each channel led by active equities, alternatives, and municipals. We expanded our suite of higher fee alternatives of our strategic partner Equitable leading multiple offerings, as Matt discussed, our future offerings align with their strong mutual interest in growing our yield enhancing alternative strategies.
Closely managing spending as well as continued COVID-19 related travel and meeting restrictions enabled us to leverage double-digit top line growth, driving strong incremental margins well above targeted levels. As a partnership, we have a durably low tax rate, and we will pay a distribution of $0.81 per unit for the first quarter, a robust annualized yield of 8%, and a low rate environment.
With that, we are pleased to take your questions.
Questions and Answers:
Operator
Thank you. [Operator Instructions] Our first question comes from the line of Dan Fannon.
Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst
Thanks. Good morning. My question is on, the pipeline and kind of the momentum in the business. It seems like there's a bit of a shift more toward fixed income and alternatives versus equity that we've heard from you in the past. Can you maybe talk just a bit about the dynamics, and also in the context of what's happening broadly in the market and the kind of growth the value rotation?
Seth Bernstein -- President & Chief Executive Officer
Thanks for the question, it's Seth. Look the pipeline remains quite strong. As we indicated at $15.2 billion, there has been a change in the mix of our pipeline. Part of that is a function of the lumpiness. In some respects, it's some big mandates in fixed income, and in CRS, which is our customized rock retirement solution. So those do have a way from a size perspective, but have much less of an impact from a revenue perspective. If you look within the pipeline, we had about $6 billion odd incremental. We had about $6 billion to $24 billion of incremental ads in the quarter, and the pipeline is about 15%, equities 20% fixed income 40% odds, and the rest is in our multi asset area, which would include our customized retirement solutions.
The activity level, we are seeing with consultants some of a large institution hasn't abated at all. But the mix is changing, we are seeing more interest in value as a general statement, but we're still seeing a number of equity mandates. So I guess, I would say the size of the underlying mandates doesn't necessarily reflect the actual amount of activity and revenue when and-the revenue and the average earnings rate that we see on the assets we're actually winning.
Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst
Okay, that's helpful. And then just as a follow up, just want to confirm or clarify on the normalization of kind of promotion and servicing is that, we are going back to 2019 are kind of what's the right kind of framework, I understand the ramp could be is dependent on a lot of factors. But when you characterize kind of normal, what would that be?
Ali Dibadj -- Chief Financial Officer
Yes, thanks for the question. So, look, as you say, it's hard to tell. It'll depend on client needs, it'll depend on what competitors do. We certainly would like to have some savings versus historical normalized levels. It will be higher than 2020. We all hope, given what's going on right now. And we continue to believe in that. Probably not 2019 levels on a normalized basis, but it's hard to tell how much we think we can save versus that. So 2021 should be higher than 2020 for sure. Maybe not as high as 2019 is how we think about it at this point.
Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst
Great, thank you.
Operator
[Operator Instructions] Our next question comes from the line of Mike Carrier.
Shaun Calnan -- Bank of America -- Analyst
Hi, guys, this is actually Shaun Calnan on for Mike. So you mentioned infrastructure and renewables as areas that you're looking to grow and alternatives. Can you discuss your current offering, if any, and how quickly you can build that offering, given the increase interest in these products?
Matt Bass -- Senior Vice President & Head of Private Alternatives
Sure, Shawn, happy to answer that. This is Matt. So, I mentioned-as I mentioned earlier, the growth strategy on the private wealth side is two pillars, organic growth, scaling core strategies, extending those teams in inorganic growth. On the inorganic side, we're certainly being led by our client demand, global client demand, notably equitable. And within that, the infrastructure and renewable space is an area of focus. So don't currently have an offering there, but that is one of the large scale win markets that we're looking at with equitable regarding potential expansion in the future.
Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst
Okay, thanks.
Operator
Our next question comes from the line of John Dunn.
John Dunn -- Evercore -- Analyst
Thanks, guys. Could you maybe give us kind of a check-in on the temperature of what you're seeing as far as M&A and team lift-outs with the markets being a bunch, but secular pressures not going anywhere?
Ali Dibadj -- Chief Financial Officer
Sure, happy to do that, John. So, look, there's a lot of M&A activity in the sector, large and small. And our view is that it will likely continue precisely to the pressures you've seen that you're describing. Look, we see all the flow, we remain quite selective and shrewd our strategy, we're not going to become enticed by the next shiny object. And look, we believe and the markets have spoken things that we said before which is that M&A mainly to cut costs has a very low probability of success, no matter the size.
The probability is much higher for M&A. It's not perfect, right, but it's much higher for M&A, if you can bring together complimentary traits, whether that be product, channels, skills, geographies, some combination of those ideally. And that's where we continue to look, and again, are in the flow. We are-we believe coming from position of strength, hopefully the past few quarters suggest that and so we'll stay on top of the M&A activities out there. We'll be in the mix, but we're only going to do anything that again, fits our criteria of bringing together complementary skill sets of our firm.
Of course, as you heard from Matt, alternatives, is a big part of that focus for us. And so that's where we're going to be very, very focused. And that's our strategy and our growth trajectory. And so in particular, that's where we're going to be looking.
John Dunn -- Evercore -- Analyst
Make sense. And then as my follow-up, maybe just looking at your update on the main investment areas on the distribution side, maybe different parts of the channels and geographically.
Seth Bernstein -- President & Chief Executive Officer
Sure, it's Seth. Let me start with institutional. I mentioned it a bit earlier, the ramp we're seeing around our backlog. We are seeing pretty strong activity in both Europe and U.S. And a lot of that interest is around what we call responsible investing or portfolios with purpose, where we're seeing real interest particularly in Europe, but also growing interest here in the U.S. and that crosses equities and fixed income. As Matt was alluding to, there's continuing appetite for private credit. So as we have new capabilities to launch, we see pretty receptive audiences for it.
Moving into retail, in Asia, we're seeing which is, you know, is a very important market for us. There's continuing concern about interest rates and rising interest rates and inflation there. So that has impacted us from the perspective of our American income and global high-yield products. On the other hand, frankly, given the extreme moves in treasury yields over the quarter and over the last sort of four or five months, I would say they're actually rather muted relative to historical experiences that we've had.
Conversely, we're seeing quite a lot of demand for equities and multi asset in Asia, equities, notably in Japan. And so we've seen a much better mix at least for ourselves in the Asian marketplace in retail. In the United States, big demand from munis, muni SMAs have really been driving, a lot of interest for us and equities continue to be pretty strong here, as you can see, and in Europe, slower from our perspective, but equities certainly there and fixed income to a lesser degree.
And finally, private client had a very robust first quarter. And demand is really, I think, a function of people taking cash and investing we had a significant cash buildup over the course of the year with our clients and putting it to work both in alternatives and elsewhere. So, I see continuing interest on more appetite than we've seen in a while.
John Dunn -- Evercore -- Analyst
Got it. Thanks very much.
Operator
Our next question comes from line of Kareem Afifi.
Kareem Afifi -- Credit Suisse -- Analyst
Good morning, everyone. This is Kareem filling in for Craig. My first question is on the private wealth channel. So there was a 23% sequential improvement in redemptions? Could you talk a little bit about what the drivers behind this improvement? And if we should expect decelerating redemption activity in this channel in the future? Thank you.
Kate Burke -- Chief Operating Officer
Hi, thanks for the question. It's Kate Burke here. Yes, we did have a strong quarter with the net flows of the $1.7 billion. Look, I think that's attributable to a number of factors over the course of the pandemic, and really the commitment of putting clients at the front and center of everything we do. Whether it's through the investment offerings that we've added to the platform, and the thought leaving wealth advices as well as the strength of the overall trusted advisor and service team really putting the clients at the forefront, but based on the wealth model and allocation advice, we did begin as Seth just mentioned at the beginning of the year, encouraging clients to redeploy cash to a higher earning asset classes. And the success of this campaign did move cash from the sidelines, with both federated cash and holding cash down about $300 million each.
So, we continue-we do continue to see movement there. We're also planning significant product launches in 2021 in alternatives, again, as well as around ESG and as Seth also mentioned the strength of the SMA platform to meet the evolving client preferences, again, while always focused on their outcomes. So, we can't predict flows, but we're pleased with the success we've seen so far this year, and are very focused on continuing to grow the business in the coming quarters.
Kareem Afifi -- Credit Suisse -- Analyst
Thank you.
Seth Bernstein -- President & Chief Executive Officer
I would just add-I guess I would just add to that, I think we also had improved investment performance, which helps private bank with respect to retention. And I think that's continuing.
Kareem Afifi -- Credit Suisse -- Analyst
Thank you.
Operator
[Operator Instructions] There are no further questions at this time. Mr. Griffin, I turn the call back over to you.
Mark Griffin -- Head of Investor Relations
Okay, thank you, operator. Thank you, everyone for participating in our conference call today. Feel free to reach out to Investor Relations with any further questions. And have a great day. Thank you.
Duration: 44 minutes
Call participants:
Mark Griffin -- Head of Investor Relations
Seth Bernstein -- President & Chief Executive Officer
Matt Bass -- Senior Vice President & Head of Private Alternatives
Ali Dibadj -- Chief Financial Officer
Kate Burke -- Chief Operating Officer
Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst
Shaun Calnan -- Bank of America -- Analyst
John Dunn -- Evercore -- Analyst
Kareem Afifi -- Credit Suisse -- Analyst
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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. | Our one-year equity performance of 38% of assets outperforming, reflecting our lower weightings relative to heavy benchmark concentration of mega cap stocks with abnormally high exposures risk factors like beta and momentum. This is the second phase of our relationship that began in 2019, facilitating ongoing interaction between AB's investors and Columbia University scientists and experts on climate issues, as they arise in the investment process across portfolios, sectors, asset classes and regions. Closely managing spending as well as continued COVID-19 related travel and meeting restrictions enabled us to leverage double-digit top line growth, driving strong incremental margins well above targeted levels. | Today, AB's private alternatives business has scaled capabilities across private credit and real estate including U.S. direct lending, a business we call AB Private Credit Investors, U.S. commercial real estate debt, European commercial real estate debt as well as energy. Think of this as both growing the tree trunk and adding branches to the tree; growing the trunk by scaling existing funds and launching new funds targeting new clients segments, adding branches by leveraging our existing teams or investment capabilities to extend into adjacent asset classes or strategies. Duration: 44 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth Bernstein -- President & Chief Executive Officer Matt Bass -- Senior Vice President & Head of Private Alternatives Ali Dibadj -- Chief Financial Officer Kate Burke -- Chief Operating Officer Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst Shaun Calnan -- Bank of America -- Analyst John Dunn -- Evercore -- Analyst Kareem Afifi -- Credit Suisse -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. | Today, AB's private alternatives business has scaled capabilities across private credit and real estate including U.S. direct lending, a business we call AB Private Credit Investors, U.S. commercial real estate debt, European commercial real estate debt as well as energy. Duration: 44 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth Bernstein -- President & Chief Executive Officer Matt Bass -- Senior Vice President & Head of Private Alternatives Ali Dibadj -- Chief Financial Officer Kate Burke -- Chief Operating Officer Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst Shaun Calnan -- Bank of America -- Analyst John Dunn -- Evercore -- Analyst Kareem Afifi -- Credit Suisse -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q1 2021 Earnings Call Apr 29, 2021, 8:00 a.m. | Duration: 44 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth Bernstein -- President & Chief Executive Officer Matt Bass -- Senior Vice President & Head of Private Alternatives Ali Dibadj -- Chief Financial Officer Kate Burke -- Chief Operating Officer Dan Fannon -- Keefe, Bruyette & Woods, Inc. -- Analyst Shaun Calnan -- Bank of America -- Analyst John Dunn -- Evercore -- Analyst Kareem Afifi -- Credit Suisse -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q1 2021 Earnings Call Apr 29, 2021, 8:00 a.m. As a reminder, this conference is being recorded, and will be available for replay for one week. |
21591.0 | 2021-04-29 00:00:00 UTC | AllianceBernstein Holding L.P. Q1 adjusted earnings Beat Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q1-adjusted-earnings-beat-estimates-2021-04-29 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its first quarter that increased from last year.
The company's earnings totaled $244.13 million, or $0.81 per share. This compares with $194.32 million, or $0.63 per share, in last year's first quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $80.82 million or $0.81 per share for the period.
Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.1% to $1.01 billion from $0.87 billion last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q1): $80.82 Mln. vs. $62.60 Mln. last year. -EPS (Q1): $0.81 vs. $0.64 last year. -Analysts Estimate: $0.75 -Revenue (Q1): $1.01 Bln vs. $0.87 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 a profit for its first quarter that increased from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $80.82 million or $0.81 per share for the period. Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its first quarter that increased from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $80.82 million or $0.81 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its first quarter that increased from last year. This compares with $194.32 million, or $0.63 per share, in last year's first quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $80.82 million or $0.81 per share for the period. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its first quarter that increased from last year. This compares with $194.32 million, or $0.63 per share, in last year's first quarter. AllianceBernstein Holding L.P. earnings at a glance: -Earnings (Q1): $80.82 Mln. |
21592.0 | 2021-03-16 00:00:00 UTC | Nasdaq to host stock trading venue for PureStream Trading Technologies | AB | https://www.nasdaq.com/articles/nasdaq-to-host-stock-trading-venue-for-purestream-trading-technologies-2021-03-16 | nan | nan | By John McCrank
NEW YORK, March 16 (Reuters) - Nasdaq Inc NDAQ.O said on Tuesday it will host a new private stock trading venue for PureStream Trading Technologies Inc, a startup that aims to help big institutional investors get their orders done faster, without impacting the market.
The new trading platform is expected to go live by the end of June, pending regulatory approval, and its algorithms will give priority to orders based on the amount of liquidity they offer, rather than time of arrival at the trading venue.
PureStream matches customer orders similarly to how Google organizes the internet, by relevance, not chronologically, Armando Diaz, chief executive officer of PureStream, said in an interview.
The market in general is calibrated towards retail-sized orders of 100 or 200 shares, which is not ideal for an institutional order of 200,000 shares, said Diaz, who was formerly global head of cash equities at Citigroup Inc C.N.
"What PureStream does at a very high level is increases the bandwidth for institutions such that they can now match that 200,000 shares and transfer that liquidity amongst themselves," he said.
PureStream closed a $14 million Series A fundraising round on Feb. 24, led by Nasdaq Ventures, Goldman Sachs GS.N, BMO Financial Group BMO.TO, Bank of America BAC.N, AllianceBernstein AB.N, and MaC Venture Capital.
The company has signed up 15 major broker-dealer clients ahead of its trading platform's launch, Diaz said.
PureStream said institutional orders sent to its alternative trading system (ATS), or dark pool, will be filled up to 40 times faster than on current trading platforms.
Dark pools are electronic trading venues that do not have to make information like trade sizes public prior to execution, originally with the aim of getting large orders done with minimal price movement.
Exchange operator Nasdaq unveiled its plan to host trading venues in 2016, outsourcing its technology and regulatory expertise. It now runs ATS for firms including Goldman Sachs Group Inc GS.N and Stifel Financial Corp SF.N.
(Reporting by John McCrank; Editing by Cynthia Osterman)
((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.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. | PureStream closed a $14 million Series A fundraising round on Feb. 24, led by Nasdaq Ventures, Goldman Sachs GS.N, BMO Financial Group BMO.TO, Bank of America BAC.N, AllianceBernstein AB.N, and MaC Venture Capital. "What PureStream does at a very high level is increases the bandwidth for institutions such that they can now match that 200,000 shares and transfer that liquidity amongst themselves," he said. The company has signed up 15 major broker-dealer clients ahead of its trading platform's launch, Diaz said. | PureStream closed a $14 million Series A fundraising round on Feb. 24, led by Nasdaq Ventures, Goldman Sachs GS.N, BMO Financial Group BMO.TO, Bank of America BAC.N, AllianceBernstein AB.N, and MaC Venture Capital. By John McCrank NEW YORK, March 16 (Reuters) - Nasdaq Inc NDAQ.O said on Tuesday it will host a new private stock trading venue for PureStream Trading Technologies Inc, a startup that aims to help big institutional investors get their orders done faster, without impacting the market. Exchange operator Nasdaq unveiled its plan to host trading venues in 2016, outsourcing its technology and regulatory expertise. | PureStream closed a $14 million Series A fundraising round on Feb. 24, led by Nasdaq Ventures, Goldman Sachs GS.N, BMO Financial Group BMO.TO, Bank of America BAC.N, AllianceBernstein AB.N, and MaC Venture Capital. By John McCrank NEW YORK, March 16 (Reuters) - Nasdaq Inc NDAQ.O said on Tuesday it will host a new private stock trading venue for PureStream Trading Technologies Inc, a startup that aims to help big institutional investors get their orders done faster, without impacting the market. The new trading platform is expected to go live by the end of June, pending regulatory approval, and its algorithms will give priority to orders based on the amount of liquidity they offer, rather than time of arrival at the trading venue. | PureStream closed a $14 million Series A fundraising round on Feb. 24, led by Nasdaq Ventures, Goldman Sachs GS.N, BMO Financial Group BMO.TO, Bank of America BAC.N, AllianceBernstein AB.N, and MaC Venture Capital. By John McCrank NEW YORK, March 16 (Reuters) - Nasdaq Inc NDAQ.O said on Tuesday it will host a new private stock trading venue for PureStream Trading Technologies Inc, a startup that aims to help big institutional investors get their orders done faster, without impacting the market. PureStream matches customer orders similarly to how Google organizes the internet, by relevance, not chronologically, Armando Diaz, chief executive officer of PureStream, said in an interview. |
21593.0 | 2021-03-07 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 3/7/2021 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-3-7-2021-2021-03-07 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, senior-living, self-storage and other commercial real estate properties, or by ownership interests therein. Through the Company's manager, Ares Commercial Real Estate Management LLC, it has investment professionals located across the United States and Europe who directly source loan opportunities for the Company with owners, operators and sponsors of CRE properties.
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.
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ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the results of Arch Mortgage Insurance Company and Arch Mortgage Insurance Designated Activity Company, which are providers of mortgage insurance products and services to the United States and European markets. The other segment includes the results of Watford Holdings Ltd.
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.
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ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
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.
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% 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: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
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.
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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 Joel Greenblatt is 0% 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 engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
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.
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
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. |
21594.0 | 2021-02-18 00:00:00 UTC | Pre-Market Earnings Report for February 19, 2021 : DE, MGA, DTE, ITT, ESNT, SHLX, SRC, BCPC, POR, B, THRM, ABR | AB | https://www.nasdaq.com/articles/pre-market-earnings-report-for-february-19-2021-%3A-de-mga-dte-itt-esnt-shlx-src-bcpc-por-b | nan | nan | The following companies are expected to report earnings prior to market open on 02/19/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company (DE) is reporting for the quarter ending January 31, 2021. The farm machinery company's consensus earnings per share forecast from the 10 analysts that follow the stock is $2.12. This value represents a 30.06% increase compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 65.97%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DE is 23.86 vs. an industry ratio of 19.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Magna International, Inc. (MGA) is reporting for the quarter ending December 31, 2020. The auto (truck) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.98. This value represents a 40.43% increase compared to the same quarter last year. In the past year MGA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 44.44%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for MGA is 26.10 vs. an industry ratio of -37.70, implying that they will have a higher earnings growth than their competitors in the same industry.
DTE Energy Company (DTE) is reporting for the quarter ending December 31, 2020. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.33. This value represents a 1.48% decrease compared to the same quarter last year. DTE missed the consensus earnings per share in the 1st calendar quarter of 2020 by -6.74%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for DTE is 17.07 vs. an industry ratio of 19.40.
ITT Inc. (ITT) is reporting for the quarter ending December 31, 2020. The diversified operations company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.92. This value represents a 7.07% decrease compared to the same quarter last year. In the past year ITT has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 15.49%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ITT is 25.36 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Essent Group Ltd. (ESNT) is reporting for the quarter ending December 31, 2020. The financial management & related services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.21. This value represents a 18.79% decrease compared to the same quarter last year. In the past year ESNT has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 12.12%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ESNT is 11.11 vs. an industry ratio of 15.30.
Shell Midstream Partners, L.P. (SHLX) is reporting for the quarter ending December 31, 2020. The oil/gas company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.34. This value represents a 8.11% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for SHLX is 8.71 vs. an industry ratio of -4.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Spirit Realty Capital, Inc. (SRC) is reporting for the quarter ending December 31, 2020. The reit company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.69. This value represents a 9.21% decrease compared to the same quarter last year. In the past year SRC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 9.09%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for SRC is 14.66 vs. an industry ratio of 19.10.
Balchem Corporation (BCPC) is reporting for the quarter ending December 31, 2020. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.67. This value represents a 23.86% decrease compared to the same quarter last year. In the past year BCPC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 23.88%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for BCPC is 40.39 vs. an industry ratio of -16.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Portland General Electric Company (POR) is reporting for the quarter ending December 31, 2020. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.42. This value represents a 38.24% decrease compared to the same quarter last year. In the past year POR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2020 Price to Earnings ratio for POR is 15.68 vs. an industry ratio of 19.40.
Barnes Group, Inc. (B) is reporting for the quarter ending December 31, 2020. The machinery company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.33. This value represents a 61.63% decrease compared to the same quarter last year. In the past year B has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 11.11%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for B is 32.44 vs. an industry ratio of 7.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Gentherm Inc (THRM) is reporting for the quarter ending December 31, 2020. The auto (truck) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.64. This value represents a 1.54% decrease compared to the same quarter last year. In the past year THRM has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 78.43%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for THRM is 39.77 vs. an industry ratio of -37.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Arbor Realty Trust (ABR) is reporting for the quarter ending December 31, 2020. The reit company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.34. This value represents a no change for the same quarter last year. In the past year ABR has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 44.12%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ABR is 9.98 vs. an industry ratio of 16.00.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arbor Realty Trust (ABR) is reporting for the quarter ending December 31, 2020. In the past year ABR has beat the expectations every quarter. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ABR is 9.98 vs. an industry ratio of 16.00. | Arbor Realty Trust (ABR) is reporting for the quarter ending December 31, 2020. In the past year ABR has beat the expectations every quarter. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ABR is 9.98 vs. an industry ratio of 16.00. | Arbor Realty Trust (ABR) is reporting for the quarter ending December 31, 2020. In the past year ABR has beat the expectations every quarter. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ABR is 9.98 vs. an industry ratio of 16.00. | Arbor Realty Trust (ABR) is reporting for the quarter ending December 31, 2020. In the past year ABR has beat the expectations every quarter. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ABR is 9.98 vs. an industry ratio of 16.00. |
21595.0 | 2021-02-18 00:00:00 UTC | Ex-Dividend Reminder: Johnson & Johnson, Manulife Financial and AllianceBernstein Holding | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-johnson-johnson-manulife-financial-and-alliancebernstein-holding | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 2/22/21, Johnson & Johnson (Symbol: JNJ), Manulife Financial Corp (Symbol: MFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Johnson & Johnson will pay its quarterly dividend of $1.01 on 3/9/21, Manulife Financial Corp will pay its quarterly dividend of $0.28 on 3/19/21, and AllianceBernstein Holding LP will pay its quarterly dividend of $0.97 on 3/4/21. As a percentage of JNJ's recent stock price of $164.76, this dividend works out to approximately 0.61%, so look for shares of Johnson & Johnson to trade 0.61% lower — all else being equal — when JNJ shares open for trading on 2/22/21. Similarly, investors should look for MFC to open 1.42% lower in price and for AB to open 2.55% lower, all else being equal.
Below are dividend history charts for JNJ, MFC, and AB, showing historical dividends prior to the most recent ones declared.
Johnson & Johnson (Symbol: JNJ):
Manulife Financial Corp (Symbol: MFC):
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 2.45% for Johnson & Johnson, 5.69% for Manulife Financial Corp, and 10.18% for AllianceBernstein Holding LP.
Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Johnson & Johnson shares are currently down about 0.5%, Manulife Financial Corp shares are down about 0.4%, and AllianceBernstein Holding LP shares are off about 1.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 2/22/21, Johnson & Johnson (Symbol: JNJ), Manulife Financial Corp (Symbol: MFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. 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. Similarly, investors should look for MFC to open 1.42% lower in price and for AB to open 2.55% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 2/22/21, Johnson & Johnson (Symbol: JNJ), Manulife Financial Corp (Symbol: MFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Johnson & Johnson (Symbol: JNJ): Manulife Financial Corp (Symbol: MFC): 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 MFC to open 1.42% lower in price and for AB to open 2.55% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 2/22/21, Johnson & Johnson (Symbol: JNJ), Manulife Financial Corp (Symbol: MFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Johnson & Johnson (Symbol: JNJ): Manulife Financial Corp (Symbol: MFC): 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 MFC to open 1.42% lower in price and for AB to open 2.55% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 2/22/21, Johnson & Johnson (Symbol: JNJ), Manulife Financial Corp (Symbol: MFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for MFC to open 1.42% lower in price and for AB to open 2.55% lower, all else being equal. Below are dividend history charts for JNJ, MFC, and AB, showing historical dividends prior to the most recent ones declared. |
21596.0 | 2021-02-17 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 2/17/2021 | AB | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-2-17-2021-2021-02-17 | nan | nan | The following are today's upgrades for 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.
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 changed from 62% to 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: AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
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 ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB
Full Factor Report for AB
AMKOR TECHNOLOGY, INC. (AMKR) is a mid-cap growth stock in the Semiconductors industry. The rating according to our strategy based on John Neff changed from 62% to 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: Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company's packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, system-level, and final test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. The Company offers a range of advanced and mainstream packaging and test services. The Company's mainstream packages include leadframe packages, substrate-based wirebond packages and micro-electro-mechanical systems packages.
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: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of AMKOR TECHNOLOGY, INC.
Full Guru Analysis for AMKR
Full Factor Report for AMKR
INSPERITY INC (NSP) is a mid-cap growth stock in the Business Services industry. The rating according to our strategy based on John Neff changed from 58% 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: Insperity, Inc. provides a range of human resources (HR) and business solutions. The Company's HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers' compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC). In addition to its PEO HR Outsourcing solutions, it offers various other business performance solutions, including Human Capital Management, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Retirement Services and Insurance Services, which are offered through desktop applications and cloud-based delivery models.
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: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of INSPERITY INC
Full Guru Analysis for NSP
Full Factor Report for NSP
TRITON INTERNATIONAL LTD (TRTN) is a mid-cap value stock in the Rental & Leasing industry. The rating according to our strategy based on John Neff changed from 40% 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: Triton International Limited is a lessor of intermodal containers and chassis. The Company operates through two business segments: Equipment leasing and Equipment trading. The Company's equipment leasing operations include the acquisition, leasing, re-leasing and ultimate sale of multiple types of intermodal transportation equipment, primarily intermodal containers. The Company purchases containers from shipping line customers and other sellers of containers. The Company resells these containers to container retailers and users of containers for storage and one-way shipments. As of December 31, 2016, the Company leased five types of equipment: dry freight containers, refrigerated containers, special containers, tank containers, and chassis. The Company operated its business through 28 subsidiary offices located in 14 different countries, as of December 31, 2016.
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 TRITON INTERNATIONAL LTD
Full Guru Analysis for TRTN
Full Factor Report for TRTN
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. |
21597.0 | 2021-02-11 00:00:00 UTC | AllianceBernstein Holding LP (AB) Q4 2020 Earnings Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-q4-2020-earnings-call-transcript-2021-02-12 | nan | nan | Image source: The Motley Fool.
AllianceBernstein Holding LP (NYSE: AB)
Q4 2020 Earnings Call
Feb 11, 2021, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Thank you for standing by and welcome to the AllianceBernstein Fourth Quarter 2020 Earnings Review. [Operator Instructions]
I would now like to turn the conference over to the host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. Please go ahead.
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Mark Griffin -- Head of Investor Relations
Thank you, Natalia.
Good morning, everyone, and welcome to our fourth quarter 2020 earnings review. This conference call is being webcast and accompanied by a slide presentation that's posted in the Investor Relations section of our website, www.alliancebernstein.com.
Seth Bernstein, our President and CEO; and Ali Dibadj, Head of Finance and Strategy, will present our results. Kate Burke, our COO, will join us for questions after our prepared remarks.
Some of the information we'll present today is forward-looking and subject to certain SEC rules and regulations regarding disclosure. So I'd like to point out the Safe Harbor language on slide 2 of our presentation. You can also find our Safe Harbor language in the MD&A of our 2020 10-Q, which we filed earlier this morning. Under Regulation FD, management may only address questions of material nature from the investment community in a public forum. So please ask all such questions during this call.
Now, I'll turn it over to Seth.
Seth P. Bernstein -- President and Chief Executive Officer
Good morning and thank you for joining us today.
2020 forced all of us to face unexpected challenges unparalleled in both scope and scale. While the impact of COVID-19, civil unrest and depressed economic activity continue to reverberate today, the initial onset and subsequent reaction shaped the year unlike any other. I'm proud to say that at AllianceBernstein, we've learned from these challenges, grew as an organization and emerged even stronger than when we started the year. We acted first to ensure the health and safety of our employees, enabling us to be fully invested with our clients and their needs through volatile dynamic market conditions. We also meaningfully stepped up our focus and commitment to practicing true corporate responsibility, improving diversity and inclusion in our Board and operating committee and adopted key commitments to ESG and racial equity, all while continuing to invest in the health and wellbeing of the communities in which we are a part.
In 2020, we made progress on several strategic growth initiatives, including initiating our European Commercial Real Estate Debt and CLO private alternatives platforms, both in partnership with Equitable, building our onshore presence in China and further broadening our Asian footprint which we've recently received six prestigious awards in Asia Asset Management's 2021's Best in Best -- Best of the Best, launching six new multi-asset products, expanding our ESG leadership and capabilities rooted in our distinct strength in fundamental research and executing our national headquarters relocation which remains on track with our new office building opening next quarter, and was modestly accretive to earnings in 2020.
Our long-term investment performance remained solid with our talented teams continuing to generate idiosyncratic returns that can't be replicated. For the year, we posted active organic growth of 3% net of expected AXA redemptions while expanding our margins to meet our 2020 adjusted operating margin target of 30%. We delivered 15% growth in both earnings and distributions to unitholders.
Let's get into the specifics, starting with a firmwide overview on slide 4. Fourth quarter gross sales of $31.3 billion were up $4 billion or 16% from a year ago, a strong finish to the year. Full year gross sales of $124 billion were up 20% from the prior year, the strongest year in over a decade, reflecting broad-based growth across all three channels. Fourth quarter firmwide active net inflows were $5.2 billion, excluding AXA redemptions, a 4% annualized active organic growth rate. Full year active net inflows of $14.9 billion, excluding expected AXA redemptions, represented a 3% active organic growth rate. Year-end assets under management of $686 billion increased 10% year-over-year, while full year average AUM of $620 billion increased 8% versus the prior year.
Slide 5 shows our quarterly flow trends by channel. Fourth quarter firmwide net inflows reflected strong growth in institutional, offset by net outflows in retail and private wealth. Retail experienced active net inflows driven by active equities and munis, offset by passive outflows. Institutional gross sales strengthened to $9.9 billion, excluding the AXA redemptions. We generated net inflows of $5.7 billion, with both active equities and active fixed income growing by 10% annualized. In private wealth, gross sales increased 37% year-over-year and were up 6% sequentially, with significant productivity gains. Net outflows were $1.1 billion in the quarter.
Slide 6 shows annual net flows trend. Buoyed [Phonetic] by our strongest sales year since 2007 [Phonetic], firmwide net inflows of $9.2 billion ex AXA redemptions reflected strong growth in institutional offset by net outflows in retail and private wealth. Retail posted its strongest sales year ever, with active inflows of $3.1 billion, driven by equities, offset by passive outflows of $4.6 billion [Technical Issues] billion or $12.8 billion, excluding AXA's redemptions. Private wealth also had its strongest sales year in over a decade. Outflows of $2 billion reflected in part a flight to safety as investors shunned volatility and weaker shorter-term investment performance.
Now let's turn to investment performance, beginning on slide 7. Clearly, 2020 was a stunning year for global financial markets. The market turmoil of March and April seems today to be a distant memory following the provision of massive and coordinated monetary stimulus from central banks and astonishing fiscal policy support, which continues today. Our teams responded well in a volatile market and were positioned to take advantage of the ensuing recovery in risk assets. In the fourth quarter, our fixed income performance continued to improve as multi-sector credit positioning once again benefited from a risk-on environment. Credit sectors outperformed governments in the quarter with the US high yield up 0.5% [Phonetic], European high yield up 5.6%, emerging markets up 4.5% and US corporates up 3%, all posting healthy excess returns versus governments, which returned minus 0.8%.
In fixed income, 62% [Phonetic] of assets outperformed over the three-year period and 79% outperformed over the five-year period. On a one-year basis, the percentage of assets outperforming improved to 43% by constraints in our municipal and global plus products. Our flagship global high yield portfolio continued its strong recovery following a difficult first quarter, placing it in the eighth percentile of its Morningstar peer group in the fourth quarter and the 10th percentile for the nine months ending in December. American income was in the second quartile for these periods and remains top quartile over the three, five and 10-year periods, as shown on slide 21 of the appendix.
Long-term equity performance remained solid as 61% of assets outperformed over the three-year period and 53% outperformed over the five-year period. As the most recent one-year period, 41% of assets outperformed, reflecting outsized weightings of the top five mega-cap stocks and certain benchmarks. As we noted last quarter, momentum in beta are prominent factor risks for these stocks to which we remain sensitive. The market broadened considerably in the fourth quarter with US small caps up 31% and value-leading growth. In this environment, our value portfolios delivered by outperforming peers in the quarter as cyclical value came back into vogue in November and December. Our diverse equity offering is positioned to participate should markets continue to broaden across styles and capitalization ranges.
Moving on to our client channels, beginning with retail on slide 8. 2020 saw banner retail sales up $79 billion, up 5% year-over-year. US sales were up 21% and Japan doubled, while Asia, ex Japan, sales declined by 15% versus a robust 2019. Despite experiencing record first quarter redemptions due to the industrywide sell off in March, we generated active net inflows for the full year of $3.1 billion. As shown on the upper left chart, 2020 was our fourth consecutive year of active equity growth. We delivered 7% organic growth in 2020 and 8% on average over the last four years in the face of unrelenting industry headwinds. Our retail offering is the most balanced it has been in years, with equity contributing 46% of sales and fixed income 45%.
By geography, Asia, ex Japan, and the US represent 38% and 37% of sales, respectively. Japan is now 11%, with EMEA and Latin America rounding out our offering. We now have 59 products of more than $1 billion each, balanced across asset classes, including 15 [Indecipherable] and multi-asset. Several of our largest funds posted very strong flow rankings in 2020, as shown on the bottom right.
Now I'll discuss institutional on slide 9. Full year gross sales of $30.9 billion were up 81% year-over-year, the highest level in over a decade. Excluding the planned AXA redemptions, we generated $12.8 billion of net inflows. Active equity sales accelerated in 2020 to the highest level in over a decade. We've now posted sales greater than $2 billion for seven of the past eight quarters. Fixed income sales were also robust, up 260% driven by core mortgage and securitized debt. Full year net flows were led by active equity, which grew organically, by $7.2 billion or 16% year-over-year. Equity flows led by global core, international small cap, US concentrated growth and international strategic value. We also had diversifying flows from China value and low vol total return.
In alternatives, we launched our European Commercial Real Estate Debt platform in the quarter supported by a sizable commitment from Equitable. This platform extends geographic capabilities while leveraging our strong relationship with Equitable as they see yield enhancing investment alternatives.
We were also excited to have closed and funded our first CLO, a $400 million offering, the first of hopefully many to come. Our ESG focused portfolios for purpose have now grown to [Technical Issues] billion, up 60% year-over-year. We continue to see strong interest from global investors and consultants in ESG focused products and have several more in development. Our Green Managed Volatility Equities Fund was recently awarded most innovative launch by Investment Week, and we had three finalist named by UK-based ESG Investing in their 2021 investor awards. Our institutional pipeline was $12.2 billion at quarter end, reflecting several sizable fundings during the quarter, including a $4 billion agency MBS mandate.
We added $4.2 billion in pipeline additions in the quarter. Notable pipeline additions include $1.3 billion of global credit, $750 million in European value and $450 million in our fourth US Commercial Real Estate Debt Fund and $400 million in Global Healthcare.
Moving to private wealth management on slide 10. Full year gross sales of $14 billion increased by 27% year-over-year and were the highest in over a decade. The top-left graph shows strong improvement in our advisor productivity, up 21% in the fourth quarter and up [Technical Issues] for the full year. Productivity levels approached all-time highs last seen before the financial crisis. Redemptions of $16 billion partially reflected a customer flight to safety for our single strategy related outflows early in 2020, but since abated with meaningfully improved performance.
Full year net outflows were $2 billion. As we closed the year, we saw evidence that an uptick in broader M&A activity is leading to thawing in business transactions, which bodes well for client fundings. We raised $850 million in alternatives channel in 2020 across a number of different strategies, including Asturias, the long/short TMT strategy acquired in early 2020. Muni impact is now over $1 billion in AUM and up 55% from the prior year. Our ESG focused strategies in private wealth grew 65% last year to $4.5 billion in AUM with additional product launches planned for the near term. And our proprietary separately managed equity tax-loss harvesting product recently surpassed $500 million, with the AUM up 52% sequentially.
I'll finish our business overview with the sell-side on slide 11. Elevated market volatility in 2020 drove an increase in Bernstein Research's global client trading volumes both for the fourth quarter and for the full year. Revenues increased by 7% in the fourth quarter and 13% for the full year as compared with prior periods. We were particularly pleased to see strong growth in Asia, including in India, where we've made focused investments. Our US business also posted strong growth. While Bernstein Research provided a valuable hedge to our core asset management business during the extreme volatility in early 2020, secular challenges in the research business remained. We would not expect last year's market volatility stemming primarily from COVID-19 to persist over the long term. In 2020, we embedded a proprietary bottom-up fundamental approach to ESG into our global research. We hosted the global webinar series, authored nearly 200 reports exploring ESG-related themes, published a global outline collaboration evaluating the impact of climate change for each sector.
Highlights of our full year accomplishments are [Technical Issues] We continue to show remarkable traction delivering differentiated return streams in active equities, as retail and institutional grew organically by 7% and 16%, respectively. Our ESG offering is growing quickly with AUM up $16.5 [Phonetic] billion at year-end, up 60% in 2020. We drove full year active inflows in both retail and institutional, overcoming the AXA redemptions. Our institutional pipeline of $12.2 billion at year-end has a fee base with a mix of over 80% active equity and alternatives. And we continue to grow our suite of alternative and multi-asset offerings, including the fourth quarter launch of our CLO and European Commercial Real Estate Debt businesses, as well as six multi-asset strategies and more are expected to come in 2021.
We are committed to managing our business to deliver strong incremental operating margins. Our full year adjusted operating margin of 30.1% was up 260 basis points year-over-year, with full year earnings in unitholder distributions up 15% versus the prior year.
Now I'll turn it over to Ali Dibadj to walk through the financials.
Ali Dibadj -- Head, Finance & Strategy
Thanks, Seth.
Let's start with the GAAP income statement on slide 14. Fourth quarter GAAP net revenues of $1.1 billion increased 8% from the prior year period. Operating income of $302 million increased 13% and operating margin of 28.4% increased by 200 basis points. GAAP EPU of $0.97 in the quarter increased by 15% year-over-year. For the full year, GAAP net revenues of $3.7 billion increased 5%, operating income of $907 million rose 10% and operating margin of 24.6% increased by 200 basis points. Full year GAAP EPU of $2.88 increased by 16% year-over-year.
As always, I'll focus my remarks from here on our adjusted results, which remove the effect of certain items that are not considered part of our core operating business. We base our distribution to unitholders on our adjusted results, which we provide in addition to and not as a substitute for our GAAP results. Our standard GAAP reporting and reconciliation of GAAP to adjusted results are in our presentation appendix, press release and 10-K. Our adjusted financials are included on slide 15.
Fourth quarter revenues of $880 million increased by 8%, operating income of $301 million increased by 14% and operating margin of 34.2% increased by 190 basis points. We earned and will distribute to our unitholders $0.97 per unit, up 14% as compared to $0.85 for the last year's fourth quarter. Higher base and performance fees as well as higher Bernstein Research revenues, coupled with lower promotion and servicing and lower G&A expenses drove the stronger results.
For the year, revenues increased 5% to $3 billion, operating income increased 14% to $918 million and operating margin increased 260 basis points to 30.1%, meeting our previously stated 2020 adjusted operating margin target of 30%. Adjusted EPU increased by 15% to $2.91 from the prior year's $2.52. Higher base and performance fees and higher Bernstein Research Services revenues, combined with lower promotion and servicing expenses and moderated G&A increases drove the stronger results. We delve into these items in more detail on our adjusted income statement on slide 16.
Beginning with revenues. Net revenues increased 8% for the fourth quarter and 5% for the full year versus the same prior year periods. Base fees increased 4% for the fourth quarter and 3% for the full year as higher average AUM across all three distribution channels was offset by lower year-over-year portfolio fee rates. The fourth quarter fee rate of 38.7 basis points rose 0.4 basis points sequentially and declined 1.1 basis points year-over-year. This is in line with what we had told you last quarter. And we continue to believe that although our fee rate may be volatile from time to time given large mandates in our pipeline that may skew averages, the long-term trends should be trending higher.
Fourth quarter performance fees of $109 million increased by $35 million over the prior year period due to strong performance fees earned by Arya Partners, our multi-manager long/short equity platform, which earned $79 million in the quarter. US concentrated growth earned $8 million of performance fees in the quarter and our private and middle market lending business earned $6 million.
Full year performance fees of $130 million compared to $97 million for the same prior year period, reflecting the fourth quarter strength in the Arya platform. We are very proud of how Arya performed in a challenging year and believe it has established itself among the leading multi-manager platforms in the industry.
Fourth quarter and full year revenues for Bernstein Research Services increased 7% and 13%, respectively, from the same prior year periods, driven primarily by higher client trading activity in the US and Asia given the volatility in the markets from the pandemic, US election and geopolitical fluctuations. Excluding the contribution from Autonomous, Bernstein Research revenues increased 10% for the full year while Autonomous continues to meet its objectives. We incurred investment losses of $1 million for the fourth quarter and $7 million for the full year, primarily seed capital related as compared to investment gains in the prior period.
Moving to adjusted expenses. All-in, our total fourth quarter operating expense of $579 million increased 5% year-over-year. Full year operating expense of $2.1 billion increased just 1% from the prior year, reflecting the benefit of lower travel, entertainment and meeting costs due to the COVID pandemic for which I'll provide more detail shortly.
Total compensation and benefits expense increased 12% in the fourth quarter, primarily due to higher incentive compensation, driven by higher performance fee revenue. For the full year, compensation and benefits increased 4%, again, driven primarily by higher incentive compensation associated with higher performance fees.
Compensation was 46.7% of adjusted net revenues for the fourth quarter versus 44.8% in the prior year period. Full year 2020 compensation ratio was 47.9%, flat from the prior year and in line with what we had said last quarter. Given current market conditions, we plan to accrue compensation at a 48.5% ratio in the first quarter of 2021, with the option to adjust accordingly throughout the year if market conditions change. To offer more clarity on the comp ratio, it is our best estimate right now that you should not only expect downward moves in this comp ratio given the performance fees have become a bigger piece of our business and may drive it up, fringe benefits may ramp up this year more than expected post-COVID and market conditions remain uncertain.
Promotion and servicing costs declined 22% in the fourth quarter and 18% for the full year due to lower T&E and lower meeting costs, owing to the COVID-19 pandemic. Although an imperfect exercise, we estimate that COVID-related reduction in these expenses to be about $20 million for the fourth quarter and about $50 million for the full year versus the prior year periods. Going forward, while we strive to realize some portion of ongoing efficiencies, we would not expect 2021 promotion and servicing spend levels to be anywhere as low once the pandemic subsides. And we are seeing some return of these expenses given our global footprint in regions such as Asia.
Trade execution costs rose due to higher Bernstein Research client trading volumes in both comparison periods. G&A expenses declined 2% in the fourth quarter and rose 2% for the full year versus the same prior year periods. For the fourth quarter, low occupancy and professional services fees were partially offset by higher technology and market data related expenses. The 2% full year increase was driven by higher market data services and technology expenses, partially offset by lower professional fees.
Intangible expenses declined in the fourth quarter as a $5 million quarterly amortization charge associated with our acquisition of Bernstein 20 years ago ended in the third quarter of 2020. Fourth quarter operating income of $301 million and full year 2020 operating income of $918 million both increased 14% versus the prior year period as revenue growth outpaced expense increases. Fourth quarter operating margin of 34.2% was up 190 basis points year-on-year, reflecting the operating leverage of our business. The incremental fourth quarter margin was 60% as compared to the prior-year period. Our full year 2020 operating margin of 30.1% increased 260 basis points from 2019.
While we are pleased to have met our previously communicated 2020 margin target of 30%, as I mentioned, we would not expect the majority of 2020 COVID related expense savings to persist once the pandemic subsides. We do not plan on setting a new adjusted operating margin target going forward. We will [Technical Issues] 50%, not necessarily every year but on average over time.
As outlined in the appendix of our presentation, fourth quarter and full year adjusted earnings excludes certain items which are not part of our core business operations. In the fourth quarter, adjusted operating earnings was $1 million below GAAP operating earnings due to the net impact of real estate related charges and acquisition related expenses and contingent payments. For the full year, adjusted operating income was $11 million or $0.03 per EPU higher than GAAP due to the favorable net impact of real estate and acquisition related credits, offset by contingent payments. The full year 2020 effective tax rate for AllianceBernstein L.P. was 5%, about as expected. Going forward, we expect an effective tax rate for 2021 of approximately 5.5% to 6% given the first quarter is anticipated to exceed this at 7% or slightly above, resulting from one-time items related to our Autonomous acquisition.
I'll finish with an update on our planned corporate headquarters relocation to Nashville. Our relocation is going very well, and our employees and the people of Nashville should be very proud of such progress during a very challenging year for our headquarter city. At year-end, we had 789 Nashville-based employees, nearly two-thirds of the way to our target of 1,250. Following four months of COVID related construction delays earlier in 2020, which reduced the expense of the move for that year, we took possession of our new headquarter building in the fourth quarter. We're planning to move employees into the new building when the pandemic subsides.
For the fourth quarter, estimated expense savings related to our Nashville corporate headquarters relocation totaled $10 million and purchase transaction costs of $6 million, resulting in a net $4 million increase in operating income or a net $0.02 accretion to EPU. Of the net $4 million, approximately $6 million is compensation related, offset by $2 million of increased occupancy costs. For the full year 2020, expense savings of $30 million were greater than transition costs of $26 million, resulting in slightly less than $4 million contribution to operating income, for a net increase of $0.01 per unit. Of the net $4 million, approximately $13 million is compensation related savings, offset by $9 million of increased occupancy costs.
For 2021, we expect similar accretion of around $0.02 per unit, increasing each year thereafter. We now estimate ongoing annual expense savings beginning in 2025 once the transition period is over, to be toward the upper end of the range of $75 million to $80 million per year.
Cumulative transition costs, which began in 2018 and will last through 2024, are now estimated to be $145 million to $155 million, which is $10 million less than our prior estimate of $155 million to $165 million. Cumulative savings over this period are now estimated to be $205 million to $250 million, approximately $20 million above our prior estimate of $185 million to $195 million.
With that, I'll turn it back to Seth for some closing remarks before we take your questions.
Seth P. Bernstein -- President and Chief Executive Officer
Thank you, Ali.
Turning to slide 18. Our 2020 results reflect good progress as we continue to focus on the dimensions we've previously outlined. Firstly, we drove 3% active organic growth, ex the AXA outflows, based on differentiated investment performance. Over the last five years, we've generated average active organic growth of 2% with active equities accelerating in recent years. We expanded our suite of higher fee alternatives, including entry into both the CLO market and the European Commercial Real Estate Debt market. We continue to enjoy invaluable support from Equitable for these and future growth plans given their strong mutual interest in growing our yield enhancing, longer-dated alternative strategies.
While spending was reduced due to COVID-19 related travel and meeting restrictions, we drove strong incremental margin growth in 2020 expanding margins year-over-year with G&A of less than 2%. As a partnership, we have a durably low tax rate. And we're paying a distribution of $2.91 per unit for full year, a robust yield of 7% in a low rate environment. We'll keep you updated on further progress on these initiatives throughout 2021.
With that, we're pleased to take your questions.
Questions and Answers:
Operator
[Operator Instructions] Your first response is from Mike Carrier. Please go ahead.
Michael Roger Carrier -- Bank of America Merrill Lynch -- Analyst
Hi. Good morning and thanks for taking the questions. I guess first on flows. The institutional flows in the pipeline look great. Obviously, retail and private wealth a bit weaker. Curious what drove maybe the outflows in those channels, if there was any seasonality in the fourth quarter, and then probably more importantly, just how you see that trending ahead if there was anything more unusual in the recent periods?
Seth P. Bernstein -- President and Chief Executive Officer
Hi, Mike. It's Seth. Thank you for the questions. I don't -- I think the issues are less seasonal. With respect to non-Japan, Asia, there has been less interest in fixed income as we have been highlighting earlier on, whether it was dollar weakness, whether it's the expectation of higher rates going forward, but also, there is a competing bid for our clients' money onshore in equities, in particular, which has been a real source of interest for them. But I would say, in Asia, more generally, we've done much better than we have done in historical periods of redemptions, because we have better balance, particularly with the growth of retail equity positive flows in Japan. So, it's actually been a pretty balanced story for us there.
And we've had much stronger results in the US. So that's helped offset in retail. Just switching over to private client, I think there were issues that were frankly more idiosyncratic to that channel for us, specifically the services they used underperformed. They had a number of underperforming services earlier on in the year that have clawed back performance. So the outflows have abated for the most part and we're seeing a bit of a change in trend. That's favorable, but we'll see. So, I think until and when there's more confidence around US rates and frankly as rates rise, as you know, the appeal of fixed income becomes a lot higher, as someone said to me yesterday, it would be great if we got to 150 trend tenure quickly, I think we're just going to be watching as the market evolves.
Michael Roger Carrier -- Bank of America Merrill Lynch -- Analyst
Okay. Great. And then, Ali, just on the non-comp expenses. Historically, you guys grew like G&A somewhere around inflation. So just want to see, one, is that kind of the same outlook or are there any kind of new investments that are needed? And then in terms of the COVID costs, I wasn't sure if you said it was $50 million in '20. And if so, just roughly what do you think that normalizes like post COVID, meaning, do you expect some changes in behavior that can reduce maybe that run rate level over the longer term?
Ali Dibadj -- Head, Finance & Strategy
Yeah. Thanks, Mike. So taking it step by step. First, in terms of our non-profit expenses, we continue to expect that to grow in line with inflation and we'll manage it to do so. But there will be a ramp-up in occupancy expenses because of Nashville, and that's something that we've talked about before. So inflation plus a little bit is how I think about it, given headquarters and given that we took the -- took the sort of occupancy at the end of last year and we'll continue to build that out and hopefully occupy that over the course of this year. But no major change from what we said before in that area at all. There are places we're going to invest, for sure, but we want to handle it within that guidance.
In terms of the COVID savings, yes, you're correct. So $50 million, rough math, it isn't perfect, but it's our estimate of what we think the impact was in 2020. We are already seeing some of that ramp back up. So, for example, we're a global hubs institution, we're seeing some of that ramp back up in Asia, as an example. And then a lot of that obviously was driven by T&E expenses being lower, from meetings being lower, those types of things. And we all hope that as the pandemic subsides, we get to meet our clients more face to face, we get to meet each other face to face much more and that will ramp back up. Look, we don't know, right, just as well you do exactly when that's going to happen and how that's going to happen. We're certainly thinking about doing things somewhat differently. But I wouldn't anticipate that we get to save the majority of that at all.
Michael Roger Carrier -- Bank of America Merrill Lynch -- Analyst
Got it. Okay. Makes sense. Thanks a lot.
Operator
Thank you. Your next response is from Craig Siegenthaler. Please go ahead.
Craig William Siegenthaler -- Credit Suisse -- Analyst
Thanks. Good morning, everyone. Hey, can you guys hear me?
Ali Dibadj -- Head, Finance & Strategy
Yeah, Craig. We can hear you.
Seth P. Bernstein -- President and Chief Executive Officer
Yeah, we can hear you.
Craig William Siegenthaler -- Credit Suisse -- Analyst
All right. Good morning. I want to start with your strategic partnership with Equitable. Can you remind us what the current mix of product at Equitable is now? And also, can you help us size the potential AUM opportunity to AB from the future rotation into Alton private credit as they look to enhance your portfolio yield?
Seth P. Bernstein -- President and Chief Executive Officer
Sure. Look, they've been absolutely critical, as you know, and before them, AXA, in helping us facilitate the development of our new businesses. So the CLO business that we just launched in October, it was a $405 million deal, and then the European Commercial Real Estate group, which we have just formed last year, recruited, they're really the cornerstone investor in both of those transactions. So they continue to be critical to our growth plans and have really been a very easy partner to work with. Just to give you some background, at the end of last year, we had about just shy of $130 billion with them, which is about 19% of our assets. The majority of that's institutional, which is really fixed income, high-grade fixed income for the most part, not entirely, but as you know, that's really for the general account. They are looking to increase the yield on that portfolio. And in that, there is an opportunity for us to further penetrate and build. You need to talk to them specifically about what their plans are, but we see the opportunity in terms of AUM for us more than several billion dollars in terms of incremental AUM that will flow over time and hopefully more than that, that would arise from that. But we really look to them principally to help us as the cornerstone investor to get the services launched and as continuing investors for those that make sense for them, like PCI, which is our middle market lending business, US Commercial Real Estate Debt, both of which they're quite significantly invested in. I hope that answers your question.
Craig William Siegenthaler -- Credit Suisse -- Analyst
No, that was great, Seth. And I just had a follow-up on the Alts business, and I was looking for some commentary on your bigger platforms like Arya, real estate, debt, which you kind of just hit on and then also private credit. But what does the fundraising pipeline look like across these businesses? Do you have any kind of key product holes you're looking to fill? And also, can you comment on investing performance too in these businesses?
Seth P. Bernstein -- President and Chief Executive Officer
Sure. I mean, let me be -- I'm going to be a little more general and we can follow up later with specifics, Mark, unless you have them at hand. We have a pretty significant pipeline ahead of us wherein we already have a clause in our fourth US Commercial Real Estate Debt offering and we're planning I think a second larger close. We're looking for around over $2 billion in that total raise is my thought, but Mark will clarify for me if that's incorrect. PCI continues to have fundraising needs, which are launching this year, as is European Commercial Real Estate Debt. So, on all of them, we have what I think are significant fundraising expectations this year. With regard to Arya, which you didn't bring up, but I just thought I would bring up in connection with this, which, as you know, is our multi-pad long/short manager which has had really good performance. They too see funding opportunities this year, both for the main fund and some more specific funds under that umbrella, like Asturias which is a TMT fund, which has had very strong performance. So we see opportunities there as well. I'm sorry, there was a second part to your question.
Craig William Siegenthaler -- Credit Suisse -- Analyst
So, investment performance was...
Seth P. Bernstein -- President and Chief Executive Officer
Oh, sorry, sorry. Thank you.
Craig William Siegenthaler -- Credit Suisse -- Analyst
And then the first part was fundraising.
Seth P. Bernstein -- President and Chief Executive Officer
Yeah, so I tried to answer -- multi-billions of dollars of fundraising for this year for our private credit products, as I broadly laid out to you. With respect to performance, look, all credit, particularly non-investment grade credit got hit fairly hard in the March-April timeframe when the bottom fell out. We've seen really good recoveries both in PCI and middle market lending business and stability in our US Commercial Real Estate business. I think the US Commercial Real Estate credit marketplace is going to take years to work out generally. We feel we're in a very good competitive position. But there are challenges certainly in that space. But all-in-all, I think our performance has been quite competitive.
Craig William Siegenthaler -- Credit Suisse -- Analyst
Great. Seth, thanks for taking my questions.
Seth P. Bernstein -- President and Chief Executive Officer
Yeah.
Operator
Thank you. Your next response is from John Dunn. Please go ahead. please.
John Joseph Dunn -- Evercore -- Analyst
Good morning. The tax alpha strategies should be winners over the next few years. And it's small for you guys, but growing like a weed. How are you selling that? And what do you think maybe it could look like down the road size-wise?
Seth P. Bernstein -- President and Chief Executive Officer
Look, we have focused it initially on our private client business where the need is most acute. As you've said, it has been growing like a weed. Philosophically, for us, it's important that our clients recognize that we are flexible and want to move where they are with regard to how they want to build their core portfolios. And our view is that customized indexing and SMA format is a very fast-growing opportunity for us and I think for others. And so we are looking at other indices to be thinking about whether ESG oriented, more challenging globally, but there are still a lot of opportunities there. It's hard for me to put a number on it. But we think we have the technology, we think we have the talent to do that and do it in a thoughtful manner.
John Joseph Dunn -- Evercore -- Analyst
Got you. And then a little more on ESG. How do you guys differentiate on that? Like what are some of the largest strategies that are in the $2.5 billion? And particularly what products are private wealth managed [Phonetic] in that channel, what are they gravitating to?
Seth P. Bernstein -- President and Chief Executive Officer
Yeah. Look, I think there's an enormous amount of talk about ESG. I think it's very important to get into the weeds of what it really means. So I'm glad you asked the question that way. Look, we think that evaluating companies on a variety of different lenses, especially understanding what are the sort of costs of strategies that are not properly incorporated into the discount rate that we're valuing those companies is a dangerous place to be. And so we have long developed internally a number of tools, whether it's in credit or in fixed -- in equities, where we are sharing data among analysts across asset classes in order to identify and frankly properly price the risk we see in the broader portfolios.
And so, I would tell you, nearly 80% of our AUM today, and it's $600 and something billion, currently is managed using ESG integration. However, we have $16 billion in what we call portfolios for purpose. Those are funds that have a specific mandate with specific ESG targets and goals and reporting. These -- some would call them double bottom line kinds of investments where we feel obliged to actually be measuring impact through our activism, through the Company's own strategy in reducing whatever negative externality we're focused on, usually carbon but not necessarily. More and more focused on governance related matters. And it's been growing incredibly rapidly. So the portfolios for purpose, for example, which I just mentioned, about $16 billion, has increased about 60% year-over-year. And so I think that's important in the context of our overall AUM growth of roughly 10. So just to give you a sense, when you look at what the private client group is interested in and what we're -- what are some of our larger strategies, I'd highlight our sustainable global thematic, our sustainable US thematic strategies are very big, our municipal -- our muni impact strategy, and our newly launched manage volatility green alpha. It's tiny, but it's gotten a lot of interesting press and I think there's real momentum there. So I don't know if I answered your question fully, but I hope you can tell we're pretty excited that with a focus on fundamental research, we think we have an unusual perspective to bring to the table.
John Joseph Dunn -- Evercore -- Analyst
That's great. Thanks very much.
Operator
Thank you. Your next response is from Robert Lee. Please go ahead.
Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst
Yeah. Hi. Good morning. Thanks for taking my questions. I guess maybe kind of similar to -- I'm just trying to get a sense of have you seen any [Indecipherable] any kind of shifts in the RFP activity? I don't know, maybe more specifically there's -- are you seeing more interest in value away from growth and equities? Just trying to get a sense of kind of any subtleties maybe what the institution investor base may be focused on right now?
Seth P. Bernstein -- President and Chief Executive Officer
Rob, it's Seth. Let me just make a couple of comments there. Yes, we are seeing -- we're certainly seeing growth in ESG focused searches. That's for sure and I should have added that in my prior answer. But you reminded me of that. Active equities is like 40%-odd of our pipeline from an earnings perspective. Certainly seeing more interest in value, and we've won some value business in the fourth quarter, which is very hard, which I think reflects our commitment to saving to our knitting -- sticking to our knitting and being a deep value manager when a lot of people have abandoned that space. So yeah, we do see some. I should also tell you on the lower fee side, we've seen more interest in our customized retirement solutions as well. So, while certainly the fee base and the average fee rate has been much higher in our pipeline and in our underlying book, we are seeing some lower fee [Technical Issues] as well. It doesn't change that significantly the mix yet, but we are seeing a lot of interest there.
Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst
Great. And just a quick follow-up for -- on the achievement on the comp ratios. I just want to make sure I heard it right. But you suggest we use targeting, not targeting -- the guidance, was it 48.5% over the first half of the year? I may have missed that.
Ali Dibadj -- Head, Finance & Strategy
Yeah. Rob, it's 48.5% and we give it quarterly. So it's for Q1. But what we've learned is people often key off of that and think about the rest of the year from a comp ratio perspective. And we just want to make sure given performance fees, for example, have become a much bigger piece of our business, but there may be some fluctuations up or down on that as well as fringe benefits, right? So something that's in our comp ratio is fringe benefits and that's impacted by if somebody's going to the doctor or not, and during COVID times, maybe fewer people, and if that releases a little bit, maybe people will go more to the doctor and that will impact our fringe. So we just want to make sure that people understand that the directionality isn't always going to be down certainly in a year like this. The 48.5% is what we're guiding to for now, correct.
Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst
All right. Great. And this also -- usually you have a 1Q seasonality as it relates to payroll costs and things like that.
Ali Dibadj -- Head, Finance & Strategy
Correct. I mean, we are [Indecipherable]
Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst
Yeah. Okay. All right. Those are my questions. Thanks so much.
Operator
[Operator Instructions] There are no further questions at this time. Mr. Griffin, I'll turn it back over to you.
Mark Griffin -- Head of Investor Relations
Okay. Thank you, Natalia. Thank you, everybody, for participating on our conference call today. Please feel free to contact Investor Relations with any further questions. And we wish you a great day. Goodbye.
Duration: 51 minutes
Call participants:
Mark Griffin -- Head of Investor Relations
Seth P. Bernstein -- President and Chief Executive Officer
Ali Dibadj -- Head, Finance & Strategy
Michael Roger Carrier -- Bank of America Merrill Lynch -- Analyst
Craig William Siegenthaler -- Credit Suisse -- Analyst
John Joseph Dunn -- Evercore -- Analyst
Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst
More AB analysis
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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 2020, we made progress on several strategic growth initiatives, including initiating our European Commercial Real Estate Debt and CLO private alternatives platforms, both in partnership with Equitable, building our onshore presence in China and further broadening our Asian footprint which we've recently received six prestigious awards in Asia Asset Management's 2021's Best in Best -- Best of the Best, launching six new multi-asset products, expanding our ESG leadership and capabilities rooted in our distinct strength in fundamental research and executing our national headquarters relocation which remains on track with our new office building opening next quarter, and was modestly accretive to earnings in 2020. Highlights of our full year accomplishments are [Technical Issues] We continue to show remarkable traction delivering differentiated return streams in active equities, as retail and institutional grew organically by 7% and 16%, respectively. AllianceBernstein Holding LP (NYSE: AB) Q4 2020 Earnings Call Feb 11, 2021, 8:00 a.m. | In 2020, we made progress on several strategic growth initiatives, including initiating our European Commercial Real Estate Debt and CLO private alternatives platforms, both in partnership with Equitable, building our onshore presence in China and further broadening our Asian footprint which we've recently received six prestigious awards in Asia Asset Management's 2021's Best in Best -- Best of the Best, launching six new multi-asset products, expanding our ESG leadership and capabilities rooted in our distinct strength in fundamental research and executing our national headquarters relocation which remains on track with our new office building opening next quarter, and was modestly accretive to earnings in 2020. Duration: 51 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth P. Bernstein -- President and Chief Executive Officer Ali Dibadj -- Head, Finance & Strategy Michael Roger Carrier -- Bank of America Merrill Lynch -- Analyst Craig William Siegenthaler -- Credit Suisse -- Analyst John Joseph Dunn -- Evercore -- Analyst Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q4 2020 Earnings Call Feb 11, 2021, 8:00 a.m. | Duration: 51 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth P. Bernstein -- President and Chief Executive Officer Ali Dibadj -- Head, Finance & Strategy Michael Roger Carrier -- Bank of America Merrill Lynch -- Analyst Craig William Siegenthaler -- Credit Suisse -- Analyst John Joseph Dunn -- Evercore -- Analyst Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q4 2020 Earnings Call Feb 11, 2021, 8:00 a.m. [Operator Instructions] I would now like to turn the conference over to the host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. | Duration: 51 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth P. Bernstein -- President and Chief Executive Officer Ali Dibadj -- Head, Finance & Strategy Michael Roger Carrier -- Bank of America Merrill Lynch -- Analyst Craig William Siegenthaler -- Credit Suisse -- Analyst John Joseph Dunn -- Evercore -- Analyst Robert Andrew Lee -- Keefe, Bruyette & Woods -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q4 2020 Earnings Call Feb 11, 2021, 8:00 a.m. [Operator Instructions] I would now like to turn the conference over to the host for this call, Head of Investor Relations for AB, Mr. Mark Griffin. |
21598.0 | 2021-02-11 00:00:00 UTC | Financial Sector Update for 02/11/2021: VIRT, AB, BAM, XLF, FAS, FAZ | AB | https://www.nasdaq.com/articles/financial-sector-update-for-02-11-2021%3A-virt-ab-bam-xlf-fas-faz-2021-02-11 | nan | nan | Financial stocks were climbing premarket Thursday as Select Financial Sector SPDR (XLF) was up 0.03% recently. The Direxion Daily Financial Bull 3X shares (FAS) were up 0.43% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were inactive in recent trading.
Virtu Financial (VIRT) was marginally climbing after posting Q4 adjusted earnings of $1.18 per share, up from $0.27 per share a year earlier. Analysts polled by Capital IQ projected EPS of $0.82.
AllianceBernstein Holding (AB) was gaining over 3% in value after reporting Q4 adjusted earnings of $0.97 per diluted unit, up from $0.85 per unit a year earlier. Analysts polled by Capital IQ expected adjusted earnings of $0.81 per unit.
Brookfield Asset Management (BAM) was advancing by more than 3% as it reported Q4 funds from operations of $1.34 per share, up from $0.75 a year ago. The consensus of analysts polled by Capital IQ was $0.55.
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 (AB) was gaining over 3% in value after reporting Q4 adjusted earnings of $0.97 per diluted unit, up from $0.85 per unit a year earlier. The Direxion Daily Financial Bull 3X shares (FAS) were up 0.43% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were inactive in recent trading. Analysts polled by Capital IQ expected adjusted earnings of $0.81 per unit. | AllianceBernstein Holding (AB) was gaining over 3% in value after reporting Q4 adjusted earnings of $0.97 per diluted unit, up from $0.85 per unit a year earlier. Virtu Financial (VIRT) was marginally climbing after posting Q4 adjusted earnings of $1.18 per share, up from $0.27 per share a year earlier. Analysts polled by Capital IQ expected adjusted earnings of $0.81 per unit. | AllianceBernstein Holding (AB) was gaining over 3% in value after reporting Q4 adjusted earnings of $0.97 per diluted unit, up from $0.85 per unit a year earlier. The Direxion Daily Financial Bull 3X shares (FAS) were up 0.43% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were inactive in recent trading. Virtu Financial (VIRT) was marginally climbing after posting Q4 adjusted earnings of $1.18 per share, up from $0.27 per share a year earlier. | AllianceBernstein Holding (AB) was gaining over 3% in value after reporting Q4 adjusted earnings of $0.97 per diluted unit, up from $0.85 per unit a year earlier. Virtu Financial (VIRT) was marginally climbing after posting Q4 adjusted earnings of $1.18 per share, up from $0.27 per share a year earlier. Analysts polled by Capital IQ expected adjusted earnings of $0.81 per unit. |
21599.0 | 2021-02-11 00:00:00 UTC | AllianceBernstein Holding L.P. Q4 adjusted earnings Beat Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q4-adjusted-earnings-beat-estimates-2021-02-11 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for its fourth quarter that rose from the same period last year.
The company's earnings totaled $93.22 million, or $0.97 per share. This compares with $80.04 million, or $0.84 per share, in last year's fourth quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $92.94 million or $0.97 per share for the period.
Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.6% to $879.80 million from $817.46 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q4): $92.94 Mln. vs. $81.28 Mln. last year. -EPS (Q4): $0.97 vs. $0.85 last year. -Analysts Estimate: $0.81 -Revenue (Q4): $879.80 Mln vs. $817.46 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 its fourth quarter that rose from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $92.94 million or $0.97 per share for the period. Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for its fourth quarter that rose from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $92.94 million or $0.97 per share for the period. -Analysts Estimate: $0.81 -Revenue (Q4): $879.80 Mln vs. $817.46 Mln last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for its fourth quarter that rose from the same period last year. The company's revenue for the quarter rose 7.6% to $879.80 million from $817.46 million last year. -Analysts Estimate: $0.81 -Revenue (Q4): $879.80 Mln vs. $817.46 Mln last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for its fourth quarter that rose from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $92.94 million or $0.97 per share for the period. -Analysts Estimate: $0.81 -Revenue (Q4): $879.80 Mln vs. $817.46 Mln last year. |
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