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21600.0 | 2021-02-07 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 2/7/2021 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-2-7-2021-2021-02-07 | 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.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
Full Guru Analysis for ACRE>
Full Factor Report for ACRE>
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.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
Full Factor Report for ACGL>
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.
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>
Full Factor Report for AB>
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. |
21601.0 | 2021-01-15 00:00:00 UTC | 9 Hot Stocks to Buy Now to Profit off Chinese Markets | AB | https://www.nasdaq.com/articles/9-hot-stocks-to-buy-now-to-profit-off-chinese-markets-2021-01-15 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
China is a massive economy, and one that continues to be a major engine of global growth. It’s armed with massive amounts of domestic capital to fund major economic expansion now and for years to come. It has been a compelling place for businesses to start, develop and thrive. And in turn, it is drawing the attention of domestic and international investors looking for stocks to buy.
The Chinese stock market as measured by the China Stock Index 300 had been lagging the S&P 500 Index until this past year. Over the trailing year, the CSI 300 Index has returned (in U.S. dollar terms) 41.75%, compared to the S&P 500 Index’s return of 18.40%.
Source: China CSI 300 & S&P 500 Indexes Total Return – Source: Bloomberg
But China and its economy are not just about the domestic market. There are also numerous companies there that are based in the broader Asian region, or beyond.
I have worked in China going back to the early 1990s and have served major manufacturers and financial companies in capitalizing on the opportunities in the nation. And in November, China led a major regional trade deal that has set the stage for a massive further development of the economy and markets. I see this, along with the pending changes in the U.S. Administration, bringing less capricious economic and market policies. That’s setting up major opportunities for investors. So let’s talk about the ones to keep an eye on now.
The Biggie Deal
The biggest trade deal in the world was signed in November after more than nine years of planning and negotiations. It is called the Regional Comprehensive Economic Partnership, or RCEP, which to me calls to mind the word reciprocal. Reciprocal is how I view this treaty that involves fifteen nations representing nearly one third of the world’s population and nearly the same portion of the globe’s gross domestic product (GDP). That means more than 2.2 billion people and $26.2 trillion in a U.S. dollar equivalent amount.
Source: Regional Comprehensive Economic Partnership (RECP) Members — Source: RCEP.
RCEP has nothing to do with the U.S. Instead, it focuses on what matters to nations and leading economies of the Asia-Pacific region. It includes China, Japan, South Korea and Australia and New Zealand as the biggies of the region. And it also includes major transitioning economies, including Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand. Vietnam and even Brunei.
It will end nearly all tariffs between members on imports. This will allow input goods, resources, energy and other items to be able to freely flow across borders facilitating the benefits of Adam Smith’s economic theory of competitive advantage of nations.
And for exports beyond the trade block, it will have a unified origin that will be used in identifying goods shipped and sold throughout the rest of the globe including the European Union (EU), the United Kingdom (U.K.) and the U.S.
And it isn’t just about physical resources and goods. Electronic commerce and everything from standards and procedures to cross-border access through all of the fifteen nations will be freed up and made easier to develop, deploy and expand throughout the biggest block of the globe’s markets. And it also sets up standards for intellectual property rights to protect companies inside the pact.
RCEP members believe that the agreement will result in significant economic development amounting to the building of multiples of their current GDP over the coming decades. And it works for the members and without any meddling by the U.S., EU and other non-Asian nations and political blocks. This last point is perhaps why the traditional and financial medias in the U.S. has paid little attention or ink (electrodes) to the deal. And when it has been mentioned, it has often come with major criticisms that to me are unfounded and miss the point that RCEP is all about China and its partners and not the U.S.
The Best Stocks to Buy Now
Now, over the recent past years inside my Profitable Investing, I have been focusing on the U.S. markets for stocks and bonds, given the U.S. economic outperformance as well as ongoing trade negotiations (disputes) that has put many other economies and markets at a disadvantage.
But with pending changes in political leadership in the U.S. and with the RCEP deal, I see expanding opportunities for many companies — particularly with strong customer bases in China and its Asian RCEP partners.
All About Assets
I start this look at stocks to buy with two of my favorite asset management companies — AllianceBernstein (NYSE:AB) and BlackRock (NYSE:BLK). Both continue to be strong performers in the Chinese market, which aides the stronger stock performance in their shares in the U.S.
Source: AllianceBernstein (AB) & BlackRock (BLK) Total Return – Source: Bloomberg
First up is AllianceBernstein. It’s well-situated in Asia with major offices in China, Japan, South Korea and other RCEP nations.
AB should continue to both gain intelligence for stock and fixed income investing in the region. And even more important – it should gather more assets under management (AUM). AUM is what fee income is generated from, and over the past two quarters, it has surged by 16.64%. I’ve seen a 45.65% return on AB since adding it to the portfolio of my Profitable Investing, and at a mere 2 times intrinsic value and a discount to sales along with a yield of 8.7%, it makes for a great RCEP buy under $34.95 in a taxable account.
Second is BlackRock, one of the biggest asset managers in the world. The company is the go-to for exchange-traded funds (ETFs) as well as active funds. And of course, it runs trillions of government money, and not just in the U.S. as it runs Chinese sovereign investment funds and does very well with the leadership in Beijing. AUM keeps climbing — especially over the past two quarters — but that’s just the ongoing trend. Over the past five years, it averages 11.54% gains annually (CAGR).
BLK is a bit more pricey than AB at 3 times intrinsic value. And the yield is less at only 2.20%. But it keeps proving itself with a return since added of 111.78%. It remains a buy under a raised price of $795.00 in a tax-free account.
RCEP Technology
Next is technology stocks to buy. And China remains at the center of technology development, deployment and adoption of all of the latest in technology. Two companies that are embedded in China and the RCEP members include Ericsson (NASDAQ:ERIC) and Digital Realty Trust (NYSE:DLR). Both have been strong performers for investors both recently and are set up to deliver more with the major tailwinds of China and RCEP member growth.
Source: Ericsson (ERIC) & Digital Realty Trust (DLR) Total Return – Source: Bloomberg
Ericsson is the leader in fifth generation (5G) equipment, including patents. And with China and South Korea leading 5G deployment, ERIC should continue to gain equipment and maintenance sales. And this includes the patents that are used by Huawei (private) in China. And RCEP should further codify intellectual property rights for this company.
ERIC has done well so far since being added to Profitable Investing — returning 37.30%. And its rising sales should be further amplified for RCEP markets. It should be bought under $13.50 in a taxable account.
Joining ERIC is Digital Realty Trust — the leader in data centers throughout the U.S. and very much in RCEP nations. With facilities in China, Japan, South Korea, Australia and other RCEP markets, data flows and storage are already humming along securely — generating lots of lease and fee income.
And that income keeps climbing with gains over the trailing five years, averaging 16.27% on a CAGR basis. This in turn feeds a tax-advantaged dividend yielding 3.10%. And yet the stock is still a cheap real estate investment trust (REIT) that is only valued at 2.5 times its intrinsic value made of all of those hard-to-replicate data centers and licenses. It has returned 43.38% since being added to Profitable Investing and remains a buy under $142.25 in a taxable account.
Feeding RCEP
With China and RCEP nations having a third of the world’s population, that means that there are many billions of mouths to feed. I want to draw your attention to two behind-the-scenes companies that make the actual food show up in stores and kitchens throughout RCEP. They include FMC Corporation (NYSE:FMC) and Zoetis (NYSE:ZTS).
Both of these impressive stocks to buy have been delivering triple-digit returns for investors over the past years.
Source: FMC Corporation (FMC) & Zoetis (ZTS) Total Return – Source: Bloomberg
FMC Corporation is the global leader in agricultural technology for crop protection and yield enhancement. It has a century-plus of history of pesticide and herbicide developments and patents on some of the first machines to deploy them.
Unlike many of its lesser peers, FMC is well-regarded and received in Asia, especially in China. China is a tough market when it comes to agriculture, as it is very concerned over food safety. And with RCEP, it will further enable FMC to broaden its reach. Revenue keeps climbing, especially post its refocus solely on ag, running at 7.6% over the past year. And the stock has returned 58.63% since being added to the Profitable Investing portfolio. It is a buy under a raised price of $124.00 in a tax-free account.
Joining FMC is Zoetis, which provides for the safety of livestock for food production throughout Asia. It has generated a return during its more brief holding period inside Profitable Investing of 60.02%. And it is a buy under a price of $169.50 in a tax-free account.
RCEP Is All About Logistics
Trade is not just about making stuff for export, but the actual shipment, storage and tracking all of that stuff. And the leader in logistics, including the world’s greatest collections of warehouses and trade facilities inside the RCEP partner markets, is Prologis (NYSE:PLD).
Prologis continues to be as successful a stock as it is in the logistics markets.
Source: Prologis (PLD) Total Return – Source: Bloomberg
Prologis has facilities throughout China, Japan and Singapore. And China is where PLD really shines. It has facilities throughout the nation in and near all of the major manufacturing and shipping cities and provinces, from Guangzhou in the Southeast to Tianjin and the major industrial hub of Wuhan along the Yangtze river and out to the technology mecca of Chengdu.
Revenue was surging even before RCEP, with the trailing year seeing gains of 18.8%. And I see a lot more in the pipeline for this logistics leader in the REIT market. Yielding 2.30% and valued on the cheap side again for a REIT at only 2.31 times its intrinsic value it is a core investment in RCEP under $104.90 in a taxable account.
Local Leaders
Asia continues to be one of the greatest sources for technology as noted earlier in this report. Sure, the U.S. has some brainiacs in and around Palo Alto — but without core specialties and development capabilities along with foundries and factories, little would show up in your pocket or desktop.
There are two local Asian leaders that are based in South Korea and Japan – but have massive operating business facilities inside China. They include Samsung Electronics (SSNLF,005930 Korea) and TDK (OTCMKTS:TTDKY).
Both of these companies are flat out the innovation leaders in multiple technologies that are critical for China and the RCEP region. And both have done well for U.S. investors.
Source: Samsung Electronics (SSNLF,005930 Korea) & TDK (TTDKY) Total Return – Source: Bloomberg
Samsung Electronics is a company that I keep recommending . While it is based in South Korea, it has foundries, factories and all sorts of other facilities around the RCEP member nations as well as around the globe. And in China, it is the very-well respected company with abundant facilities throughout the nation.
The company and its products are ubiquitous. It has its branded products everywhere, from around the kitchen to smartphones to tablets and laptops and televisions. And even other branded products, including from Apple (NASDAQ:AAPL), can include Samsung components.
Its facilities are dominant throughout not just Korea but China and nearly every other RCEP member nation. So, easier trade will be a massive boon to the company. And having a unified origin documentation will make it also much easier forglobal marketsales beyond Asia. Then there’s the intellectual property protections of the deal — again major savings in legal battles are in the works.
The stock is a pain for some to buy in the U.S. market. Some brokerages make you call in the order rather than clicking through on online sites. And then they level a fee for the call and potentially an added fee for trading on a foreign exchange. It is worth it. Since it was added to the Profitable Investing portfolio, it has returned 84.90%, including its dividend yielding 2.20% which is pretty high for a high-tech stock.
But the compelling bit is how cheap the stock is valued. At barely more than its intrinsic value and trailing sales value — the stock is one of the biggest bargains of the major tech stocks on the globe.
It is a buy in a taxable account under a further raised price of $85.
TDK is a recently added stock to the portfolio. But it is already proving its worth with a return so far of 46.57%. This Tokyo-based company known for its classic tape-recording products has long transformed itself into a cutting edge and must have technology company. It leads the markets with batteries and battery technology that makes everything from smartphones to electric cars hum along. And its sensors and processors make those same phones and cars work, including autonomous cars.
And it also has all of the must have inductors and capacitors to make electric motors actually turn and move. So, take any technology product and TDK is what is inside or powering it to work.
RCEP will make TDK’s foundries and factories work and trade to flow all the more efficiently. And this will add to the operating efficiency adding to its already positive operating margin.
And like for Samsung, TDK’s stock is very, very cheap at less than 2 times intrinsic value and barely more than 1 times what it sold over the trailing year. Bargain, made more so with RCEP and is a buy under a price of $146.00 in a taxable account.
China Commerce Chief
Those who think that the U.S. is the most advanced when it comes to technology need to plan a post-Covid-19 trip to China. In China, cash is long gone. Virtually everything is done electronically especially via smartphones. Shopping is all done via phone and online. Payment systems are seamless linking bank accounts, credit lines and everything else all centrally.
Communications are all done through unified systems, including social media. And media is all done through subscription simply and unified for both videos and games. Everyone that you would get to know is on the network and easily accessible.
WeChat got well known in the U.S. for being used by everyone who has personal or professional ties and connections in China. WeChat is the core hub for communications, payments, investments, insurance and so much else that its hard to fathom not having it inside China or in the region or even in the U.S. if you deal with anyone in China.
It is owned by Tencent (OTCMKTS:TCEHY) which is one of the biggest technology companies in the world headquartered in Shenzhen.
I have been eager to bring Chinese companies — and specifically Tencent — into the Profitable Investing portfolio for some time. But I hesitated, as I saw plenty of event risks for even the more financially and reporting responsible companies in China, plus the added risk of restrictions on share listing and trading in the U.S.
With the changes now and pending in U.S. politics and the major changes in China and its trade and financial relations in Asia with RCEP, it is now time to buy Tencent. The company is genuinely ubiquitous in China and is used by all who interact with China, particularly in the RCEP member markets.
The company organizes its operations and investments in several external companies including JD.com (online commerce) and many others into six core platforms.
It starts with communications. WeChat forms a major base for Tencent. It is joined by QQ, which is an app that runs on all operating systems around the world and expands online services of Tencent including payments.
Next up is its gaming platform. Mobile and online games are already huge around the globe — that’s why I added Activision Blizzard (NASDAQ:ATVI) to the model portfolio with its offerings. But Tencent has its own platform and games. It it the largest gaming company globally by revenue generated by its gaming offerings.
Media is next with video, news and literature. And then there’s music, where Tencent rules streaming and owned music under Tencent Music Entertainment (NYSE:TME). Again, Tencent is the regional number one for this platform and also has global reach.
As for its FinTech division, Tencent provides everything from wallets to banking and credit facilities including insurance and investments. Again, if sensing a theme here – it is the largest in China.
Then there’s Tencent’s version of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) which provides the nation’s leading browser complete with all of the ad revenue that has made Google work so well beyond China. And it also is a leader in locking down its customer’s smartphones, tablets and PCs with its class-leading security.
Cloud technology rounds out the platform. And with games, media, financial transactions and accounts and everything else that works in the cloud — Tencent rules this market that beyond China is similar to Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT).
So, when looking at Tencent, you get the leader in communications, financial transactions and products, browser and data security, media and entertainment all in one company. And this company gets along very, very well with Beijing, which is important for Chinese companies and investors in Chinese companies.
And it also comes with venture capital and investment funds that have current major holdings in many of the bold-faced technology and commerce companies in China and the region. It not only provides capital and takes equity stakes, it also nurtures and provides preferential access to its platforms for company developments. Tencent shareholders benefit from this both in current revenue generation and longer-term appreciation in these investments.
And in ESG (environmental, social & governance), Tencent continues to address the environment, which is rapidly becoming a primary goal of the Chinese government. It is also focused on local communities and constituents. And Tencent works on its governance not just in China — but with global financial and government regulators and continues to (outside of the recent spat over WeChat in the U.S.) be well-received by authorities beyond China.
WeChat About Profits
Revenue for Tencent makes for a great conversation. Sales growth over just the trailing five years is averaging growth by 34.70% annually (CAGR).
Source: Tencent Revenue – Source: Bloomberg
And with such scale from its platforms, margins are very, very fat at 29.5% on an operating basis. This works to drive shareholder wealth with a return on shareholder’s equity of 24.9%.
It would be great just to focus on the revenue and profits, but Tencent is focused on building value. Each of its platforms, including the core WeChat and related services, has major barriers to competitors. Even Alibaba (NYSE:BABA), as good as it is, still trails Tencent on many fronts. These continue to have bigger business values. And as noted, its investments also continue to build in value.
Source: Tencent Intrinsic (Book) Value – Source: Bloomberg
And this shows up in the intrinsic value of Tencent. This is the meltdown value of the assets net liabilities, also known as book value. And over just the trailing five years, Tencent has built up the intrinsic/book value for shareholders on an average annual basis of 38.59%. Think about this. If the company’s intrinsic value rises by this significant amount — along with the current revenue and profits — it makes for a compelling case to buy and own it.
Source: Tencent (TCEHY) & S&P Information Technology Index Total Return – Source: Bloomberg
And for investors in Tencent, the return has been proof of the capability of the company. It has returned 1,506%, which is near triple the return of the go-go technology market index of the U.S. over the trailing 10 years.
You will be buying a stock that is highly valued at 8.27 times intrinsic value and 10.40 times trailing sales. But both of those values are a snapshot of trailing intrinsic and revenues – both should continue to prove to expand. And when compared to the price to book of the S&P Information Technology Index – it is at a discount. And on a price to trailing sales it is comparable.
The dividend, yes it has a dividend that is paid – but isn’t much as the company retains and reinvests it with a good track record.
It is a buy as it is now as I have it in the Profitable Investing portfolio in a taxable account under $85.
About Neil George:
On the date of publication, Neil George did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
As the editor of Profitable Investing, Neil George helps long-term investors achieve their growth & income goals with less risk. With 30+ years of experience in the financial markets, Neil recommends undiscovered and underappreciated companies that offer subscribers double-digit yields now and triple-digit returns over time.
The post 9 Hot Stocks to Buy Now to Profit off Chinese Markets 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. | I’ve seen a 45.65% return on AB since adding it to the portfolio of my Profitable Investing, and at a mere 2 times intrinsic value and a discount to sales along with a yield of 8.7%, it makes for a great RCEP buy under $34.95 in a taxable account. Source: China CSI 300 & S&P 500 Indexes Total Return – Source: Bloomberg But China and its economy are not just about the domestic market. So let’s talk about the ones to keep an eye on now. | Source: China CSI 300 & S&P 500 Indexes Total Return – Source: Bloomberg But China and its economy are not just about the domestic market. So let’s talk about the ones to keep an eye on now. This will allow input goods, resources, energy and other items to be able to freely flow across borders facilitating the benefits of Adam Smith’s economic theory of competitive advantage of nations. | The Best Stocks to Buy Now Now, over the recent past years inside my Profitable Investing, I have been focusing on the U.S. markets for stocks and bonds, given the U.S. economic outperformance as well as ongoing trade negotiations (disputes) that has put many other economies and markets at a disadvantage. Source: Tencent (TCEHY) & S&P Information Technology Index Total Return – Source: Bloomberg And for investors in Tencent, the return has been proof of the capability of the company. Source: China CSI 300 & S&P 500 Indexes Total Return – Source: Bloomberg But China and its economy are not just about the domestic market. | Source: China CSI 300 & S&P 500 Indexes Total Return – Source: Bloomberg But China and its economy are not just about the domestic market. So let’s talk about the ones to keep an eye on now. This will allow input goods, resources, energy and other items to be able to freely flow across borders facilitating the benefits of Adam Smith’s economic theory of competitive advantage of nations. |
21602.0 | 2020-12-17 00:00:00 UTC | 5 Cheap Stocks With Great-Performing Companies | AB | https://www.nasdaq.com/articles/5-cheap-stocks-with-great-performing-companies-2020-12-17 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The Christmas shopping spree is firmly underway. Shoppers are increasingly getting nervous about finding the perfect or at least passable gifts for family and friends — but they are also looking for deals. Cheap and great is what is driving shoppers and hypes up retailers’ promotions as the number of days to Dec. 25 moves into the single digits. And cheap stocks is also a grabber phrase in a market where the U.S. stock market is at very frothy prices.
The S&P 500 Index is priced not just at highs in the market price at 3,699.80, but is at historic highs in terms of valuations. Price to earnings (P/E) is at 28.93 times, Price to intrinsic (book) (P/B) is at 4.05 times and price to sales (P/S) is at 2.73 times — all well above historic values.
Source: S&P 500 Index Average Member Price to Earnings (P/E), Price to Book (P/B) & Price to Sales (P/S) Ratios – Source: Bloomberg
But like with Christmas gift shopping, investors are also interested in good stocks. There are plenty of penny stocks out there, but you really don’t want to load up your portfolio with them. Instead, investors should want good value in their stocks. Or I might offer an even better idea: great stocks at cheap or value prices.
Now, the term “value stocks” is not a phrase that is working for investors right now. Value stocks are deemed to be of out-of-favor companies in segments that have been laggards or losers in a stock market that has seen the return for even the general S&P 500 Index reach 16.5% so far this year alone. Too many talking heads on financial broadcasting talk about rotating into value segments, and that’s really a phrase that should be banished right now. Value segments are really about troubled companies in markets that have all sorts of structural problems. Sure, some may well see those challenges abate or even reverse — but why sink cash into troubles now without clear and proven signs of improvements?
There are plenty of stocks of great companies — companies that are anticipating more sales, with good operating margins and even impressive shareholder-focused dividends — that just happen to be cheap at the moment. And these same stocks are also generating performance right now rather than begging for investors to hold and hope for improvements in time.
My Way of Determining Value (Cheapness)
Value is recently an abused word that is thrown around by analysts, investment managers and plenty of others in the market. But for me, it comes down to how a stock of a company is priced against its trailing sales or against its intrinsic value, known as book value.
Earnings, of course, are what many analysts focus upon when looking at valuation. However, earnings come with all sorts of caveats, as companies can do a lot of one-off items to manage earnings for any given quarter. And it is always interesting to look at quarterly and annual reports and compare them from the perspective of reported numbers and numbers that are reconciled with generally accepted accounting practices (GAAP).
I always run the numbers on a GAAP basis to get a better apples-to-apples comparison, as well as getting through some of the fluff than passes through plenty of CFO’s (chief financial officer) reports. And it even gets more entertaining when looking at tax filings and SEC (Security & Exchange Commission) filings, which often can be quite a compare and contrast with standard releases by companies as it’s not a good idea to fib to Uncle Sam.
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In addition, I come from a credit and buy-side perspective. For decades, I was in international banking and had to do plenty of credit analysis which I had to defend to my bank’s asset & liability committees (ALCO). And in fund management, I had to know that I wasn’t buying a pig-in-a-poke.
Can’t Hide from Real Numbers
Sales and book value are harder to fudge when examining a company and its stock. Sales are sales unless there is fraud. And sure, companies can and do take sales in a particular quarter that may be actually pending as well as other accounting measures. But again, it’s pretty easy to see through abuses.
Book value takes all of the assets of a company and subtracts liabilities to come to an intrinsic value of a company. But it can also include goodwill — particularly from acquired businesses. Goodwill takes into consideration an implied value in an enterprise, such as its customer base, that is intangible but indeed has a value. And goodwill needs to be written down over time or if it is impaired (such as in the case of customer base shrinking) it needs to be noted and a charge must be made.
So, taking sales, I use the trailing total sales for the last four quarters and then compare it to the market capitalization (number of shares times the stock price). This gives me the price to sales ratio. And I compare that ratio to the market and to a company’s peers to see how that company’s stock is valued.
Then when looking at book value, I do the same with the current book against the market capitalization to get the price to book ratio.
Now, the vast majority of cheap stocks that I recommend are at premiums to sales or book value ratios. This means that I am paying some percentage more than the trailing sales or the current book value. But I only do that at levels that are at discounts to the market and a stock’s peers.
But now and again, I find some very good companies that have stocks that are valued or priced by the stock market near or at discounts to trailing sales or book value. These are special stocks that currently have the stock market missing them or mispricing them. That makes them truly discounted value stocks that make for very good buys — or put more succinctly, cheap stocks.
I have a selection of some of these that I have inside the model portfolios of my Profitable Investing. And in addition, they tend to have attractively higher dividend income to make them all the better.
Here are some of the myriad cheap stocks right now that are great companies that are also performing in the stock market.
AllianceBernstein (NYSE:AB)
Compass Diversified (NYSE:CODI)
Covetrus (NASDAQ:CVET)
Gray Television (NYSE:GTN)
Atlas Corporation (NYSE:ATCO)
Cheap Stocks: AllianceBernstein (AB)
AB) logo inside a corporate office in New York City." width="300" height="169">
Source: rblfmr / Shutterstock.com
AllianceBernstein is in the asset management business. And this has always been a good business model that recently is gaining more attention from the heavies in the financial markets. Asset managers are just about gathering and keeping assets under management (AUM). The more AUM, the more fee income is generated. And asset managers don’t have to be the best at managing market picks — just good at gathering and keeping AUM.
And it is a dependable business model. And this is what is driving firms to devote more capital to asset management including Credit Suisse (NYSE:CS) that just announced that it plans to allocate capital two-thirds to asset management and only one third to investment banking. Meanwhile, asset management companies are being gobbled up either in buyouts or mergers to gain more AUM and lock in more dependable fee income including Morgan Stanley (NYSE:MS) and its deal to grab Eaton Vance (NYSE:EV).
AllianceBernstein runs a good shop. And I’ve known them firsthand, as well as through their funds.
The company keeps building and holding on to AUM. And this continues to drive fee income and aids the company’s operating margin.
Source: AllianceBernstein (AB) Total Return – Source: Bloomberg
The stock is outperforming the S&P 500 Index year to date with a return of 19.73% which includes a tax-advantaged 8.39% dividend yield as it is set up as a passthrough to avoid traditional corporate income taxes.
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But it is still among our cheap stocks, as the stock is valued at a discount to revenue by 14.17%. It should be bought in a taxable account.
Compass Diversified (CODI)
Source: kan_chana/ShutterStock.com
Compass Diversified is an investment holdings company under the Investment Companies Act of 1940. As such, it avoids traditional corporate income taxes for more cash for investments and dividends.
It buys, owns and sometimes sells middle-market companies with strongly branded industrial and consumer products. On the industrial side, one of the current companies it has is Foam Fabricators that is part of the U.S. Administration’s Warp Speed vaccine program. Foam Fabricators makes the foam for vaccine vials and syringes for shipping.
Then on the consumer side two of the companies to note including 5.11 and Velocity Outdoor. Both of these companies make and offer gear for outdoor sports as well as for first responders. Hunting and fishing licenses in the U.S. are soaring this year — and this means millions more folks that need more stuff to be out in the wild.
Source: Compass Diversified (CODI) Total Return – Source: Bloomberg
Revenue keeps climbing, with the trailing five years showing an average annual compound growth rate (CAGR) of 16.89%. Good operating markets and positive return on equity as well as piles of cash and little debt make for a great company. And it pays a yield of 7.2%.
Compass has been soaring in the stock market particularly since March to date, with a return of 77.83%. And it has a long history of great returns, with the trailing 10 years averaging an annual equivalent of 10.49%. It should be bought in a taxable account.
Covetrus (CVET)
Source: Shutterstock
Covetrus is a company that is right in the thick of the already-dependable pet-care market –a market that, this year, has been as yappy-happy as a new Christmas puppy.
The company provides supplies and drugs for pets via veterinarian offices around the country. And it is also a technology leader with great pet parent systems to deliver and keep drug and other pet products moving as they are needed to keep our pups and other pets healthy and happy.
Revenue for the company since its spin-off from its multi-decade-old former parent company Henry Schein (NASDAQ:HSIC) is soaring. Sales are climbing on a CAGR basis by an annual average of 26.55%.
Source: Covetrus (CVET) Total Return – Source: Bloomberg
The stock is getting noticed, as it has returned 366.61% since March to date this year. And yet the stock is cheap, as it is valued at a 20% discount to trailing sales right now.
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It should be bought in a tax-free account.
Gray Television (GTN)
Source: Tero Vesalainen/ShutterStock.com
Gray Television owns and operates a vast number of local television stations as affiliates of major networks including Disney’s (NYSE:DIS) ABC, Comcast’s (NASDAQ:CMCSA) NBC, Viacom’s (NASDAQ:VIACA) CBS and FOX (NASDAQ:FOXA) throughout the U.S. It also has local go-to websites throughout its network that are major draws for local news and weather. This combination is driving revenue including piles of ad buys soaring over the trailing year by 95.7%.
It also has piles upon piles of cash that it is using to acquire and develop further capabilities throughout the U.S.
Source: Gray Television (GTN) Total Return – Source: Bloomberg
The stock has delivered, with a return since later March to date of 106.02%. And yet the stock is cheap on two levels. First, the stock is at a discount to its intrinsic (book) value. Think about that. It owns a highly difficult to impossible to replicate series of broadcast and online media and yet the company’s stock is pricing that at less than its meltdown value. Then on a price-to-trailing-sales basis, the stock is priced at of 20% discount as well.
Cheap. It is a buy in a tax-free account.
Atlas Corporation (ATCO)
Source: Shutterstock
Atlas Corporation is an asset management company that principally owns two major corporations under its company. The first is APR Energy that provides turn-key mobile and deployable power supplies. APR is the go-to company for onsite backup or primary power for companies that are either setting up operations or are in recovery. And for markets without reliable local utilities (including California) – APR is the dependable power provider.
And this also included governments – from onsite operations of national governments to local authorities – APR is the company that keeps getting the calls and the contracts.
The second company is Seaspan. Seaspan is an owner of container ships that are leased out to operators on long-term contracts. Think of the company as a landlord of the sea. Container ships are highly in demand as goods need to move from Asia to the US and Europe and there are shortages right now in the capacity of global shipping.
The company has 127 ships that are young at an average age of under eight years and are in the right markets right now.
Source: Atlas Corporation (ATCO) Total Return – Source: Bloomberg
Revenue of Atlas is in growth mode. Sales are up over the trailing three years on average by 23.86% on a CAGR basis. And operating margin is super fat at 60.7% which even for an investment company is very impressive.
And the stock is performing. It has returned 75.27% since late March to date. And this includes an attractive dividend yielding 4.76%.
The 10 Most Reliable Value Stocks to Buy for 2021
But yet it’s certainly one of our cheap stocks, as it trades now at a 30% discount to its intrinsic (book) value of all of those valuable ships and must have power supplies.
Buy it on the cheap with yield in a tax-free account.
About Neil George:
As the editor of Profitable Investing, Neil George helps long-term investors achieve their growth & income goals with less risk. With 30+ years of experience in the financial markets, Neil recommends undiscovered and underappreciated companies that offer subscribers double-digit yields now and triple-digit returns over time.
The post 5 Cheap Stocks With Great-Performing Companies 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. | It should be bought in a taxable account. Shoppers are increasingly getting nervous about finding the perfect or at least passable gifts for family and friends — but they are also looking for deals. And cheap stocks is also a grabber phrase in a market where the U.S. stock market is at very frothy prices. | AllianceBernstein (NYSE:AB) Compass Diversified (NYSE:CODI) Covetrus (NASDAQ:CVET) Gray Television (NYSE:GTN) Atlas Corporation (NYSE:ATCO) Cheap Stocks: AllianceBernstein (AB) AB) logo inside a corporate office in New York City." It should be bought in a taxable account. Shoppers are increasingly getting nervous about finding the perfect or at least passable gifts for family and friends — but they are also looking for deals. | It should be bought in a taxable account. Shoppers are increasingly getting nervous about finding the perfect or at least passable gifts for family and friends — but they are also looking for deals. And cheap stocks is also a grabber phrase in a market where the U.S. stock market is at very frothy prices. | It should be bought in a taxable account. The 10 Most Reliable Value Stocks to Buy for 2021 But yet it’s certainly one of our cheap stocks, as it trades now at a 30% discount to its intrinsic (book) value of all of those valuable ships and must have power supplies. Shoppers are increasingly getting nervous about finding the perfect or at least passable gifts for family and friends — but they are also looking for deals. |
21603.0 | 2020-12-01 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 12/1/2020 | AB | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-12-1-2020-2020-12-01 | 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.
CAPSTAR FINANCIAL HOLDINGS INC (CSTR) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 58% 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: CapStar Financial Holdings, Inc. is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company's lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking. Its products and services include commercial and industrial loans to small and medium sized businesses, with a particular focus on businesses operating in the healthcare industry; commercial real estate loans; private banking and wealth management services for the owners and operators of business clients and other high net worth individuals, and correspondent banking services. As of June 30, 2016, the Company had seven locations, five of which are retail bank branches and two of which are mortgage origination 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: FAIL
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: FAIL
Detailed Analysis of CAPSTAR FINANCIAL HOLDINGS INC
Full Guru Analysis for CSTR
Full Factor Report for CSTR
FIRST BANK (HAMILTON) (FRBA) 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: First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans, residential real estate loans, and consumer and other loans. It offers a range of deposit instruments, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts and certificates of deposit. The Company operates approximately 18 branches located in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Lawrence, Pennington, Randolph, Somerset and Williamstown, New Jersey, and Doylestown, Trevose, Warminster and West Chester, Pennsylvania.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: FAIL
EPS PERSISTENCE: PASS
Detailed Analysis of FIRST BANK (HAMILTON)
Full Guru Analysis for FRBA
Full Factor Report for FRBA
COASTAL FINANCIAL CORP (EVERETT) (CCB) is a small-cap growth stock in the Regional Banks 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: Coastal Financial Corporation is the bank holding company for the Coastal Community Bank (the Bank). The Company provides a full range of banking services to small and medium-sized businesses, professionals, and individuals. The Bank's principal business consists of attracting deposits from the general public, businesses and commercial industries, and using these funds to originate consumer, commercial business loans, commercial real estate loans, residential mortgage loans, boat and recreational vehicle loans, and land and land development loans. It conducts its business from 11 branches in Seattle, one branch in King County, 10 branches in Snohomish County, and 2 branches in Island County.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 COASTAL FINANCIAL CORP (EVERETT)
Full Guru Analysis for CCB
Full Factor Report for CCB
GRIFFON CORPORATION (GFF) is a small-cap growth stock in the Appliance & Tool 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: Griffon Corp is a diversified management and holding company that conducts business through its wholly-owned subsidiaries. The Company operates through three reportable segments: Consumer and Professional Products (CPP), Home and Building Products (HBP) and Defense Electronics. CPP segment consists of AMES Companies, Inc. (AMES), which is a manufacturer of branded consumer and professional tools and products for home storage and organization, landscaping, and enhancing outdoor lifestyles. HBP segment consists of Clopay Corporation (Clopay), which is a manufacturer and marketer of residential and commercial sectional garage doors and rolling steel doors in North America. Defense Electronics consists of Telephonics Corporation (Telephonics), which is a provider of surveillance and communications solutions for defense, aerospace and commercial customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 GRIFFON CORPORATION
Full Guru Analysis for GFF
Full Factor Report for GFF
WILLIAMS-SONOMA, INC. (WSM) is a mid-cap growth stock in the Retail (Specialty) 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: Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company's e-commerce Websites and direct-mail catalogs. The retail segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, which sell its products through the Company's retail stores. The Company franchises its brands to third parties in a number of countries in the Middle East, the Philippines and Mexico. The Company's products are also available to customers through its catalogs and online 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.
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 WILLIAMS-SONOMA, INC.
Full Guru Analysis for WSM
Full Factor Report for WSM
KFORCE INC. (KFRC) is a small-cap growth stock in the Business 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: Kforce Inc. (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company's Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc. The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others. The GS segment is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting. Kforce operates through field offices located throughout the United States and one office in Manila, the Philippines. The Company offers various staffing services that consist of temporary staffing services (Flex) and permanent placement services (Direct Hire).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 KFORCE INC.
Full Guru Analysis for KFRC
Full Factor Report for KFRC
SOUTHERN MISSOURI BANCORP, INC. (SMBC) 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: Southern Missouri Bancorp, Inc. is the holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of attracting retail deposits from the public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines (FHLB), and brokered deposits. The Bank offers a range of deposit instruments, such as demand deposit accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts, saving accounts, certificates of deposit and retirement savings plans. The Bank's lending activities consist of origination of loans secured by mortgages on one-to four-family and multifamily residential real estate, commercial and agricultural real estate, construction loans on residential and commercial properties, commercial and agricultural business 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: 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 SOUTHERN MISSOURI BANCORP, INC.
Full Guru Analysis for SMBC
Full Factor Report for SMBC
DAVITA INC (DVA) is a large-cap growth stock in the Healthcare Facilities 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: DaVita Inc., formerly DaVita HealthCare Partners Inc., operates one division: DaVita Kidney Care (Kidney Care). The Kidney Care division consists of the Company's United States dialysis and related lab services, its ancillary services and strategic initiatives, including its international operations, and its corporate administrative support. The Company's segments include U.S. dialysis and related lab services and Other-Ancillary services and strategic initiatives. Its U.S. dialysis and related lab services line of business provide kidney dialysis services in the United States for patients suffering from chronic kidney failure, also known as an end-stage renal disease (ESRD). In addition, as of March 31, 2019, the Company operated or provided administrative services to 243 outpatient dialysis centers located in nine countries 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 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 DAVITA INC
Full Guru Analysis for DVA
Full Factor Report for DVA
UMB FINANCIAL CORP (UMBF) is a mid-cap growth stock in the Regional Banks 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: UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company's segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company's branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts. The Company's subsidiary includes UMB Fund Services, Inc. (UMBFS).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 UMB FINANCIAL CORP
Full Guru Analysis for UMBF
Full Factor Report for UMBF
GLACIER BANCORP, INC. (GBCI) is a mid-cap growth stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 62% 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: Glacier Bancorp, Inc. is a bank holding company. The Company provides commercial banking services. It provides banking services in various locations including Montana, Idaho, Wyoming, Colorado, Layton Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank) Kalispell, and its bank divisions: First Security Bank of Missoula; Valley Bank of Helena; Western Security Bank, Billings; First Bank of Montana, Lewistown; and First Security Bank. It offers a range of banking products and services, including retail banking, business banking, real estate, commercial, agriculture, and consumer loans and mortgage origination services. It serves individuals, small to medium-sized businesses, community organizations and public entities. It focuses lending activities primarily on types of loans, including first-mortgage, conventional loans secured by residential properties, particularly single-family; commercial lending, including agriculture that concentrates on targeted 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 RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
Detailed Analysis of GLACIER BANCORP, INC.
Full Guru Analysis for GBCI
Full Factor Report for GBCI
MDU RESOURCES GROUP INC (MDU) is a mid-cap value stock in the Natural Gas Utilities 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: MDU Resources Group Inc., formerly MDUR Newco, Inc., is engaged in regulated energy delivery and construction materials and services business. The Company's businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity. The natural gas distribution segment distributes natural gas. The pipeline and midstream segment provides natural gas transportation, underground storage, processing and gathering services, as well as oil gathering. The construction materials and contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, asphalt, liquid asphalt and other value-added products. The construction services segment provides utility construction services in constructing and maintaining electric and communication lines.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: FAIL
EPS PERSISTENCE: PASS
Detailed Analysis of MDU RESOURCES GROUP INC
Full Guru Analysis for MDU
Full Factor Report for MDU
MYERS INDUSTRIES, INC. (MYE) is a small-cap growth stock in the Fabricated Plastic & Rubber 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: Myers Industries, Inc. is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America. As of December 31, 2016, the Company had approximately 15,000 manufactured products and over 13,500 distributed products. The Material Handling segment designs, manufactures and markets a range of plastic and metal products. The Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire, wheel and under vehicle service on passenger, heavy truck and off-road vehicles, and the manufacturing of tire repair materials and custom rubber products. The product line includes categories, such as tire valves and accessories, and lifts and alignment equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 MYERS INDUSTRIES, INC.
Full Guru Analysis for MYE
Full Factor Report for MYE
UNIVEST FINANCIAL CORP (UVSP) 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: Univest Financial Corporation, formerly Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co. (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. Its business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, 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.
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 UNIVEST FINANCIAL CORP
Full Guru Analysis for UVSP
Full Factor Report for UVSP
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 58% 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: 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.
P/E RATIO: FAIL
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: FAIL
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 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
NATURAL GROCERS BY VITAMIN COTTAGE INC (NGVC) is a small-cap growth stock in the Retail (Grocery) industry. The rating according to our strategy based on John Neff changed from 42% 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: Natural Grocers by Vitamin Cottage, Inc. is a specialty retailer of natural and organic groceries, and dietary supplements. The Company's products in its stores include Body Care, Pet Care, Household and General Merchandise, and Books and Handouts. Its grocery products include Produce; Bulk Food and Private Label Products; Dry, Frozen and Canned Groceries; Meats and Seafood; Dairy Products, Dairy Substitutes and Eggs; Prepared Foods; Bread and Baked Goods, and Beverages. Additionally, it carries a range of products associated with special diets, such as gluten free, vegetarian and non-dairy. The Company operates both a service natural and organic grocery store, and a dietary supplement store. The Company sells organic produce and source from local and organic producers. The Company operates within the natural products retail industry.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 NATURAL GROCERS BY VITAMIN COTTAGE INC
Full Guru Analysis for NGVC
Full Factor Report for NGVC
FIRST INTERNET BANCORP (INBK) is a small-cap value stock in the Regional Banks 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: First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet. The Company also offers commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The Bank provides commercial and retail banking services, with operations conducted on the Internet at www.firstib.com. It offers residential real estate loans, home equity loans and lines of credit, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and single tenant lease financing. The Bank's subsidiary, JKH Realty Services, LLC manages real estate owned 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.
P/E RATIO: FAIL
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: FAIL
EPS PERSISTENCE: PASS
Detailed Analysis of FIRST INTERNET BANCORP
Full Guru Analysis for INBK
Full Factor Report for INBK
CRITEO SA (ADR) (CRTO) is a small-cap growth stock in the Advertising 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: Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company's data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure. The Criteo Engine delivers advertisements through multiple marketing channels and formats, including display advertising banners, native advertising banners and marketing messages delivered to opt-in e-mail addresses. Advertisements are delivered on all devices and screens, including Web browsers on desktops and laptops, mobile Web browsers on smart phones and tablets, as well as mobile applications. It operates in approximately 90 countries through a network of over 30 international offices located in Europe, the Americas 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 RATIO: PASS
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: FAIL
FREE CASH FLOW: PASS
EPS PERSISTENCE: FAIL
Detailed Analysis of CRITEO SA (ADR)
Full Guru Analysis for CRTO
Full Factor Report for CRTO
DICKS SPORTING GOODS INC (DKS) is a mid-cap value stock in the Retail (Specialty) 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: Dick's Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships. The Company offers its products through a content-rich e-commerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront. It offers products to its customers through its retail stores and online. The Company offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: FAIL
Detailed Analysis of DICKS SPORTING GOODS INC
Full Guru Analysis for DKS
Full Factor Report for DKS
ROGERS COMMUNICATIONS INC. (USA) (RCI) is a large-cap growth stock in the Communications Services 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: Rogers Communications Inc. is a diversified communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses. The Cable segment include cable telecommunications operations, including Internet, television and telephony (phone) services for Canadian consumers and businesses. The Media segment has a portfolio of media properties, including sports media and entertainment, multi-platform shopping, digital media and publishing.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: FAIL
Detailed Analysis of ROGERS COMMUNICATIONS INC. (USA)
Full Guru Analysis for RCI
Full Factor Report for RCI
SOUTHSIDE BANCSHARES, INC. (SBSI) is a small-cap value stock in the Regional Banks 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: Southside Bancshares, Inc. (Southside) is a bank holding company for Southside Bank (the Bank). The Company is a community-focused financial institution that offers a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations in the communities. These services include consumer and commercial loans, deposit accounts, trust services, safe deposit services and brokerage services. As of December 31, 2016, the Company operated through 60 banking centers, 17 of which are located in grocery stores. The Company offers a range of deposit accounts with a range of interest rates and terms, including savings, money market, interest and non-interest bearing checking accounts and certificates of deposit (CDs).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 SOUTHSIDE BANCSHARES, INC.
Full Guru Analysis for SBSI
Full Factor Report for SBSI
AMERICAN NATIONAL BANKSHARES INC (AMNB) 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: American National Bankshares Inc. is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses. All assets and liabilities of the Company are allocated to community banking. Investment income from securities is also allocated to the community banking segment. Loan fee income, service charges from deposit accounts and non-deposit fees, such as automated teller machine fees and insurance commissions generate additional income for community banking. Trust and investment services include estate planning, trust account administration, investment management and retail brokerage. The trust and investment services division receives fees for investment and administrative 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 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 AMERICAN NATIONAL BANKSHARES INC
Full Guru Analysis for AMNB
Full Factor Report for AMNB
INVESTORS BANCORP INC (ISBC) is a mid-cap value stock in the Regional Banks 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: Investors Bancorp, Inc. is the holding company for Investors Bank (the Bank). The Bank is a New Jersey-chartered savings bank. The Bank is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities. The Bank originates multi-family loans, commercial real estate loans, commercial and industrial (C&I) loans, one- to four-family residential mortgage loans secured by one- to four-family residential real estate, construction loans and consumer loans, the majority of which are home equity loans, home equity lines of credit and cash surrender value lending on life insurance contracts. Its securities primarily include mortgage-backed securities, the United States Government and Federal Agency obligations, and other securities. Deposits are the primary source of funds used for its lending and investment activities. In addition, it uses a significant amount of borrowings.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 INVESTORS BANCORP INC
Full Guru Analysis for ISBC
Full Factor Report for ISBC
ARROW FINANCIAL CORPORATION (AROW) is a small-cap value stock in the Regional Banks 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: Arrow Financial Corporation (Arrow) is a bank holding company. The Company's banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company's business consists primarily of the ownership, supervision and control of its two banks. It provides advisory and administrative services and coordinates the general policies and operation of the banks. The Company offers a range of commercial and consumer banking, and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks' trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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 ARROW FINANCIAL CORPORATION
Full Guru Analysis for AROW
Full Factor Report for AROW
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. |
21604.0 | 2020-11-30 00:00:00 UTC | Here's Why Cryptocurrency Stocks Are Soaring Today | AB | https://www.nasdaq.com/articles/heres-why-cryptocurrency-stocks-are-soaring-today-2020-11-30 | nan | nan | What happened
Shares of many stocks with close ties to bitcoin and other cryptocurrencies are flying high today. China-based bitcoin mining specialist Bit Digital (NASDAQ: BTBT) rose as much as 23.3%. The bitcoin-focused investment fund Grayscale Bitcoin Trust (OTC: GBTC) posted a maximum gain of 24.9%. Business analytics company MicroStrategy (NASDAQ: MSTR), which recently converted most of its cash reserves into bitcoin, gained as much as 26.2%. Cryptocurrency asset manager Riot Blockchain (NASDAQ: RIOT) topped out at 29.6% and Chinese-American cryptocurrency miner Marathon Patent Group (NASDAQ: MARA) led the pack with a maximum gain of 42.5%.
These stocks rose in unison as the price of bitcoin tokens reached a new all-time high of $19,850 per token, according to Coindesk data. That was a 9.7% gain in 24 hours, capping a quick return from a 15% decline at the end of last week. Many alternative cryptocurrencies also rose dramatically today, including a 9% surge in Ethereum prices and a 7% increase for Ripple tokens.
Image source: Getty Images.
So what
Bitcoin's big gains in 2020 look like a reminder of the skyrocketing chart in 2017, where the leading cryptocurrency's prices had increased by 1,030% by the end of November. The year-to-date gains are less impressive this time, stopping at 156% at the time of writing, but this year's chart started from $8,000 instead of $1,000. The market cap for the total bitcoin market was approximately $15.4 billion in early 2017 and $131 billion at the start of 2020. It's easier to move the needle on a smaller and less valuable asset.
The surge in 2020 started with a so-called halving in May. That's a technical event where the generation of new bitcoin tokens suddenly required twice as much computing power as before. This was the third such event in bitcoin's history and the next one is scheduled for May 2024. Halvings are done in order to limit the supply of new tokens, which should result in higher prices under the assumption that demand for bitcoin tokens will rise over time. The halvings of 2012 and 2016 did indeed kick off two impressive price increases over the next year or two, followed by fairly dramatic corrections at the end of each surge.
On the demand side of the equation, institutional investors have started to take a serious interest in bitcoin and other cryptocurrencies. For example, asset management giant AllianceBernstein (NYSE: AB) is now telling investors that bitcoin has become a viable investment these days thanks to lower volatility and an emerging regulatory framework for cryptocurrencies in general.
Now what
Bernstein suggests that bitcoin could be seen as an attractive alternative to gold, based on similar valuation ideas of limited supply and global demand.
All of the stocks mentioned above are crushing the broader stock market this year, often leaving the actual bitcoin token's gains far behind. But past performance is no guarantee of future returns. You could even call this a bubble, since some of the bitcoin-based winners have absolutely crushed the returns on pure bitcoin in 2020. That being said, many investors are more comfortable trading stocks than cryptocurrencies.
If you want some exposure to the exploding cryptocurrency market, you could do a lot worse than grabbing a few shares of a managed bitcoin fund like Grayscale Bitcoin Trust or Riot Blockchain. Just follow Bernstein's advice and limit your initial cryptocurrency buys to a small piece of your portfolio, stopping somewhere between 1% and 10% of your total holdings.
10 stocks we like better than Grayscale Bitcoin Trust
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*Stock Advisor returns as of November 20, 2020
Anders Bylund has no position in any of the stocks mentioned. He owns tokens of bitcoin, Ripple, and Ethereum. The Motley Fool recommends MicroStrategy. The Motley Fool has no financial holdings in any cryptocurrencies mentioned in this article. 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. | For example, asset management giant AllianceBernstein (NYSE: AB) is now telling investors that bitcoin has become a viable investment these days thanks to lower volatility and an emerging regulatory framework for cryptocurrencies in general. It's easier to move the needle on a smaller and less valuable asset. All of the stocks mentioned above are crushing the broader stock market this year, often leaving the actual bitcoin token's gains far behind. | If you want some exposure to the exploding cryptocurrency market, you could do a lot worse than grabbing a few shares of a managed bitcoin fund like Grayscale Bitcoin Trust or Riot Blockchain. It's easier to move the needle on a smaller and less valuable asset. For example, asset management giant AllianceBernstein (NYSE: AB) is now telling investors that bitcoin has become a viable investment these days thanks to lower volatility and an emerging regulatory framework for cryptocurrencies in general. | All of the stocks mentioned above are crushing the broader stock market this year, often leaving the actual bitcoin token's gains far behind. If you want some exposure to the exploding cryptocurrency market, you could do a lot worse than grabbing a few shares of a managed bitcoin fund like Grayscale Bitcoin Trust or Riot Blockchain. It's easier to move the needle on a smaller and less valuable asset. | All of the stocks mentioned above are crushing the broader stock market this year, often leaving the actual bitcoin token's gains far behind. If you want some exposure to the exploding cryptocurrency market, you could do a lot worse than grabbing a few shares of a managed bitcoin fund like Grayscale Bitcoin Trust or Riot Blockchain. It's easier to move the needle on a smaller and less valuable asset. |
21605.0 | 2020-11-25 00:00:00 UTC | 4 Big Dividends to Be Thankful For | AB | https://www.nasdaq.com/articles/4-big-dividends-to-be-thankful-for-2020-11-25 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Big dividends. And I mean really big dividends. Yields that are multiples of the average of the members of the S&P 500 Index. But big dividends are worthless if the companies behind them aren’t up to sustaining them, or if the dividend stocks aren’t working in the market. A dividend yield won’t be worth much to anything on dividend stocks that are lagging or tanking.
Investing for dividend income takes work researching companies — both their income statements and their balance sheets. As a former banker and bond guy — I have always been about balance sheets as just as important as income statements.
Income statements cover the revenues from products and services, and investors get all excited about growth expectations. But for me, it also comes down to operating margins. Sales are great, but not if a company loses more than what they generate in revenue. And of course, problems will happen. So, I look at what will happen to either impact sales or costs. And in turn, I work through how the company has or will cope.
Balance sheets are crucial, as without credit, even the best product idea won’t make for a great company that’s headed into receivership. And earlier this year with the Covid-19 mess including lockdowns, the status of companies — including their operations, their suppliers and customers — was critical to analyze. But so, too, was the debt and credit of the companies, so that they could power through even the worst parts of the Biblical plagues that might be striking their core businesses.
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The following big dividend stocks have been vetted by me and I’ve been recommending them for some time. And that time includes both good and bad conditions — so the dividends are sustainable.
AllianceBernstein (NYSE:AB)
Compass Diversified (NYSE:CODI)
Hercules Capital (NYSE:HTGC)
Sixth Street Specialty Lending (NYSE:TSLX)
Dividend Stocks: AllianceBernstein (AB)
AllianceBernstein is an asset management company that is set up as a passthrough. This means that it avoids general corporate income taxes and dividends can come with some tax advantages. Asset managers are all about getting and keeping assets under management (AUM). AUM is what generates fee income — so the more they have, the more fee income they get.
AUM keeps rising for AllianceBernstein, with the average for the trailing five years alone running at 6.51% on a compound annual growth rate (CAGR) basis.
This fuels dependable revenue from fee income. And this fuels the dividend, which is yielding 8.58%. And over the same trailing five years — the dividend distributions have been hiked by an annual average of 7.96%. And it has great credit and fiscal management.
Source: AllianceBernstein (AB) Total Return — Source: Bloomberg
The stock isn’t just about the dividend, as the price has also reflected the growth in the value of the company. Over the past five years it has returned 95.8% for an annual equivalent of 14.37% which is above the return for the S&P 500 Index.
Compass Diversified (CODI)
Compass Diversified is an investment holding company under the Investment Company Act of 1940, and as such, it again avoids general corporate income taxes. It buys, owns and occasionally sells middle-market companies that are in strongly branded industrial and very-specialized consumer/professional products.
One of the companies in the portfolio is Foam Fabricators which makes specialized foam for shipments of goods. And the company is part of the Covid-19 Warp Speed project as the provider for packaging for vaccines.
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Revenue continues to flow, with gains that over the past five years has been climbing by an average of 16.89% annually (CAGR). And the company has lots of cash and very little debt. And the stock trades at a discount to trailing sales by 20%.
Source: Compass Diversified (CODI) Total Return — Source: Bloomberg
The stock performs with a return over the past five years of 83.78% for an annual equivalent of 12.93%. This means growth with that dividend. And the dividend yields a nice 7.32%.
Hercules Capital (HTGC)
Hercules Capita is a venture capital company set up as a business development company (BDC) under both the Investment Company Act of 1940 and the Small Business Investment Incentives Act of 1980. This means that it also avoids general corporate income taxes.
It funds technology companies in various stages of development and works with them on development on their way to their exit strategies that might include a sale or initial public offering (IPO). And its track record has plenty of bold-faced named companies that are not titans of tech.
Its portfolio generates high income from finance and equity gains from transactions. And the stock has returned 95.70% over the trailing five years for an annual equivalent of 14.35%.
Source: Hercules Capital (HTGC) Total Return — Source: Bloomberg
Controlled debt and huge net interest margins along with a phenomenal efficiency ratio for a financial (meaning that it costs a fraction to make each dollar of revenue) all work to make a compelling well-run company.
The dividend yields 11.34% on an annual basis including regular special dividends. And those distributions keep rising over the years. Tech with income and growth makes Hercules one of the great dividend stocks right now.
Sixth Street Specialty Lending (TSLX)
Sixth Street Specialty Lending is another company set up as a BDC with the advantage of avoiding general corporate income taxes. It is very skilled at providing business and corporate financing to well-qualified companies in targeted businesses and markets.
Like for Hercules, it has ample net interest margin (the difference between financial costs and revenue running at 9.9%. And it also is very efficient on costs with an efficiency ratio of 14.90% which means that it only costs 14.9 cents to make each dollar in revenue.
Debts are low and well-managed making for good credit. And the stock performs not just with dividends but also with gains. It has returned 96.16% over the past five years alone for an annual equivalent of 14.41%.
Source: Sixth Street Specialty Lending (TSLX) Total Return — Source: Bloomberg
And the dividend yields an impressive annual rate of 10.88% including regular special dividend distributions. And with potential changes in traditional bank regulations over the coming years, it is an under-the-radar company that avoids traditional regulatory scrutiny given how it is incorporated.
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Big yield, stock gains — another proven big dividend stock to be thankful for and to buy now.
About Neil George:
On the date of publication, Neil George did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
As the editor of Profitable Investing, Neil George helps long-term investors achieve their growth & income goals with less risk. With 30+ years of experience in the financial markets, Neil recommends undiscovered and underappreciated companies that offer subscribers double-digit yields now and triple-digit returns over time.
The post 4 Big Dividends to Be Thankful For 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. | As a former banker and bond guy — I have always been about balance sheets as just as important as income statements. Income statements cover the revenues from products and services, and investors get all excited about growth expectations. And that time includes both good and bad conditions — so the dividends are sustainable. | AllianceBernstein (NYSE:AB) Compass Diversified (NYSE:CODI) Hercules Capital (NYSE:HTGC) Sixth Street Specialty Lending (NYSE:TSLX) Dividend Stocks: AllianceBernstein (AB) AllianceBernstein is an asset management company that is set up as a passthrough. As a former banker and bond guy — I have always been about balance sheets as just as important as income statements. Income statements cover the revenues from products and services, and investors get all excited about growth expectations. | AllianceBernstein (NYSE:AB) Compass Diversified (NYSE:CODI) Hercules Capital (NYSE:HTGC) Sixth Street Specialty Lending (NYSE:TSLX) Dividend Stocks: AllianceBernstein (AB) AllianceBernstein is an asset management company that is set up as a passthrough. As a former banker and bond guy — I have always been about balance sheets as just as important as income statements. Income statements cover the revenues from products and services, and investors get all excited about growth expectations. | As a former banker and bond guy — I have always been about balance sheets as just as important as income statements. Income statements cover the revenues from products and services, and investors get all excited about growth expectations. And that time includes both good and bad conditions — so the dividends are sustainable. |
21606.0 | 2020-11-15 00:00:00 UTC | AllianceBernstein applies to set up China mutual fund unit | AB | https://www.nasdaq.com/articles/alliancebernstein-applies-to-set-up-china-mutual-fund-unit-2020-11-15 | nan | nan | SHANGHAI, Nov 15 (Reuters) - U.S.-based asset manager AllianceBernstein's Hong Kong unit has applied to set up a mutual fund in China, the Chinese securities regulator's website showed.
Application documents from AllianceBernstein Hong Kong Limited were received by the China Securities Regulatory Commission on Nov. 12, according to the CSRC's website.
China has opened its financial sector, including its $14.6 trillion asset management industry, to foreign companies as part of an interim trade deal with the United States signed in January.
In August BlackRock became the first global asset manager to obtain a green light from the CSRC to set up a China-based mutual fund unit. Neuberger Berman and Fidelity International also filed applications earlier this year.
(Reporting by Samuel Shen and Andrew Galbraith; Writing by Roxanne Liu; Editing by Jan Harvey)
((hongkong.newsroom@thomsonreuters.com; （8610）6627-1277; Reuters Messaging: roxanne.liu@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SHANGHAI, Nov 15 (Reuters) - U.S.-based asset manager AllianceBernstein's Hong Kong unit has applied to set up a mutual fund in China, the Chinese securities regulator's website showed. China has opened its financial sector, including its $14.6 trillion asset management industry, to foreign companies as part of an interim trade deal with the United States signed in January. In August BlackRock became the first global asset manager to obtain a green light from the CSRC to set up a China-based mutual fund unit. | SHANGHAI, Nov 15 (Reuters) - U.S.-based asset manager AllianceBernstein's Hong Kong unit has applied to set up a mutual fund in China, the Chinese securities regulator's website showed. Application documents from AllianceBernstein Hong Kong Limited were received by the China Securities Regulatory Commission on Nov. 12, according to the CSRC's website. In August BlackRock became the first global asset manager to obtain a green light from the CSRC to set up a China-based mutual fund unit. | SHANGHAI, Nov 15 (Reuters) - U.S.-based asset manager AllianceBernstein's Hong Kong unit has applied to set up a mutual fund in China, the Chinese securities regulator's website showed. China has opened its financial sector, including its $14.6 trillion asset management industry, to foreign companies as part of an interim trade deal with the United States signed in January. (Reporting by Samuel Shen and Andrew Galbraith; Writing by Roxanne Liu; Editing by Jan Harvey) ((hongkong.newsroom@thomsonreuters.com; （8610）6627-1277; Reuters Messaging: roxanne.liu@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SHANGHAI, Nov 15 (Reuters) - U.S.-based asset manager AllianceBernstein's Hong Kong unit has applied to set up a mutual fund in China, the Chinese securities regulator's website showed. China has opened its financial sector, including its $14.6 trillion asset management industry, to foreign companies as part of an interim trade deal with the United States signed in January. Neuberger Berman and Fidelity International also filed applications earlier this year. |
21607.0 | 2020-10-29 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for October 30, 2020 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-ab-ex-dividend-date-scheduled-for-october-30-2020-2020-10 | nan | nan | AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on October 30, 2020. A cash dividend payment of $0.69 per share is scheduled to be paid on November 12, 2020. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 13.11% increase over prior dividend payment. At the current stock price of $29.59, the dividend yield is 9.33%.
The previous trading day's last sale of AB was $29.59, representing a -17.94% decrease from the 52 week high of $36.06 and a 123.49% increase over the 52 week low of $13.24.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group Inc. (BX) and KKR & Co. Inc. (KKR). AB's current earnings per share, an indicator of a company's profitability, is $2.76. Zacks Investment Research reports AB's forecasted earnings growth in 2020 as 7.14%, compared to an industry average of -6.6%.
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. Zacks Investment Research reports AB's forecasted earnings growth in 2020 as 7.14%, compared to an industry average of -6.6%. 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 $2.76. AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on October 30, 2020. | 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 $29.59, representing a -17.94% decrease from the 52 week high of $36.06 and a 123.49% increase over the 52 week low of $13.24. 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 October 30, 2020. The previous trading day's last sale of AB was $29.59, representing a -17.94% decrease from the 52 week high of $36.06 and a 123.49% increase over the 52 week low of $13.24. |
21608.0 | 2020-10-22 00:00:00 UTC | AllianceBernstein Holding L.P. Q3 20 Earnings Conference Call At 8:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q3-20-earnings-conference-call-at-8%3A00-am-et-2020-10-22 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on October 22, 2020, to discuss Q3 20 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# 5360089.
For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 5360089.
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 8:00 AM ET on October 22, 2020, to discuss Q3 20 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# 5360089. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 5360089. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on October 22, 2020, to discuss Q3 20 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# 5360089. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 5360089. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on October 22, 2020, to discuss Q3 20 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# 5360089. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 5360089. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on October 22, 2020, to discuss Q3 20 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# 5360089. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 5360089. |
21609.0 | 2020-10-22 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-2020-10-22 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its third quarter that rose from last year.
The company's earnings came in at $207.98 million, or $0.70 per share. This compares with $187.81 million, or $0.62 per share, in last year's third quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $66.72 million or $0.69 per share for the period.
Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.5% to $900.04 million from $877.87 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q3): $66.72 Mln. vs. $60.36 Mln. last year. -EPS (Q3): $0.69 vs. $0.63 last year. -Analysts Estimate: $0.68 -Revenue (Q3): $900.04 Mln vs. $877.87 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) revealed a profit for its third quarter that rose from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $66.72 million or $0.69 per share for the period. Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its third quarter that rose from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $66.72 million or $0.69 per share for the period. The company's revenue for the quarter rose 2.5% to $900.04 million from $877.87 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its third quarter that rose from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $66.72 million or $0.69 per share for the period. The company's revenue for the quarter rose 2.5% to $900.04 million from $877.87 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for its third quarter that rose from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $66.72 million or $0.69 per share for the period. AllianceBernstein Holding L.P. earnings at a glance: -Earnings (Q3): $66.72 Mln. |
21610.0 | 2020-09-09 00:00:00 UTC | Major MasMovil shareholder drops opposition to private equity bid | AB | https://www.nasdaq.com/articles/major-masmovil-shareholder-drops-opposition-to-private-equity-bid-2020-09-09 | nan | nan | By Isla Binnie
MADRID, Sept 9 (Reuters) - The largest shareholder known to have held out against a bid by three U.S. funds to buy Spanish telecom operator MasMovil MASM.MC has decided to accept the offer after all, MasMovil said on Wednesday, two days before a deadline to decide.
MasMovil's board agreed in June to a 3 billion euro ($3.5 billion) offer from KKR KKR.N, Providence and Cinven, which some shareholders said undervalued a company that has challenged much bigger rivals to snatch a share of the competitive Spanish telecoms market.
Shareholders have until Sept. 11 to accept or reject the first major attempt to take a company private in Europe since the COVID-19 crisis roiled global markets.
Board member Rafael Dominguez, whose company Indumenta Pueri is MasMovil's third-largest shareholder with an 8.25% stake, had originally said the offer was not satisfactory and that he did not intend to accept it, according to a report released by the company in August.
Dominguez has now said he and his company will tender all their shares, without having struck any deals with the bidder or the telecom group itself, MasMovil said in a bourse filing.
His pledge adds to commitments to sell made by holders of almost 30% of the company before the deal was announced. That amount includes the 9% of MasMovil that Providence already owns.
Smaller shareholders AllianceBernstein AB.N, which holds a 2.2.% stake, and hedge fund Polygon with 1% have protested that the offer of 22.50 euros per share undervalued the company.
Its shares soared to 23.18 when the bid was announced on June 1, nearing a one-year high, but have since settled a fraction below the offer price. They were little moved on news of Dominguez's U-turn and were changing hands on Madrid's bourse at 22.46 euros at 1225 GMT.
($1 = 0.8498 euros)
(Reporting by Isla Binnie; editing by Emelia Sithole-Matarise)
((isla.binnie@thomsonreuters.com; +39 06 8522 4392; Reuters Messaging: isla.binnie.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. | Smaller shareholders AllianceBernstein AB.N, which holds a 2.2.% stake, and hedge fund Polygon with 1% have protested that the offer of 22.50 euros per share undervalued the company. Dominguez has now said he and his company will tender all their shares, without having struck any deals with the bidder or the telecom group itself, MasMovil said in a bourse filing. Its shares soared to 23.18 when the bid was announced on June 1, nearing a one-year high, but have since settled a fraction below the offer price. | Smaller shareholders AllianceBernstein AB.N, which holds a 2.2.% stake, and hedge fund Polygon with 1% have protested that the offer of 22.50 euros per share undervalued the company. By Isla Binnie MADRID, Sept 9 (Reuters) - The largest shareholder known to have held out against a bid by three U.S. funds to buy Spanish telecom operator MasMovil MASM.MC has decided to accept the offer after all, MasMovil said on Wednesday, two days before a deadline to decide. MasMovil's board agreed in June to a 3 billion euro ($3.5 billion) offer from KKR KKR.N, Providence and Cinven, which some shareholders said undervalued a company that has challenged much bigger rivals to snatch a share of the competitive Spanish telecoms market. | Smaller shareholders AllianceBernstein AB.N, which holds a 2.2.% stake, and hedge fund Polygon with 1% have protested that the offer of 22.50 euros per share undervalued the company. By Isla Binnie MADRID, Sept 9 (Reuters) - The largest shareholder known to have held out against a bid by three U.S. funds to buy Spanish telecom operator MasMovil MASM.MC has decided to accept the offer after all, MasMovil said on Wednesday, two days before a deadline to decide. MasMovil's board agreed in June to a 3 billion euro ($3.5 billion) offer from KKR KKR.N, Providence and Cinven, which some shareholders said undervalued a company that has challenged much bigger rivals to snatch a share of the competitive Spanish telecoms market. | Smaller shareholders AllianceBernstein AB.N, which holds a 2.2.% stake, and hedge fund Polygon with 1% have protested that the offer of 22.50 euros per share undervalued the company. By Isla Binnie MADRID, Sept 9 (Reuters) - The largest shareholder known to have held out against a bid by three U.S. funds to buy Spanish telecom operator MasMovil MASM.MC has decided to accept the offer after all, MasMovil said on Wednesday, two days before a deadline to decide. MasMovil's board agreed in June to a 3 billion euro ($3.5 billion) offer from KKR KKR.N, Providence and Cinven, which some shareholders said undervalued a company that has challenged much bigger rivals to snatch a share of the competitive Spanish telecoms market. |
21611.0 | 2020-09-03 00:00:00 UTC | FOCUS-Canada's RBC turns heads in U.S. with wealth management recruitment push | AB | https://www.nasdaq.com/articles/focus-canadas-rbc-turns-heads-in-u.s.-with-wealth-management-recruitment-push-2020-09-03 | nan | nan | By Nichola Saminather
TORONTO, Sept 3 (Reuters) - Royal Bank of Canada's RY.TO U.S. wealth management unit has been luring teams managing bigger amounts of assets from much larger rivals, driving a surge in revenue from the new recruits and helping it outperform others in the industry.
As recently as August, the U.S. unit of Canada's biggest lender hired a team of four advisors from Morgan Stanley MS.N who managed $675 million in client assets, building on additions from other competitors including AllianceBernstein AB.N, Wells Fargo WFC.N, Bank of America's Merrill Lynch BAC.N and UBS UBSG.S, according to RBC Wealth Management.
RBC's recruitment push helped lift average revenue per new advisor, or production, by 43% year-to-date through July from the comparable year-earlier period, even as the number of hires remained flat, according to internal data from its U.S. wealth management unit that was shared exclusively with Reuters.
"The U.S. is a great opportunity for the enterprise, given it is 10 to 11 times bigger than the Canadian market," Michael Armstrong, the chief executive of RBC'S U.S. wealth management unit, said in an interview.
"The key premise behind recruiting for us is that it's really important that we try to reach scale in our business," he said, adding that the business doesn't have specific growth targets.
Across North America, wealth management companies saw average annual growth of 5% in revenue per advisor between 2015 and 2019, a period that culminated in record assets and revenues, according to a June report from McKinsey's PriceMetrix unit. Data for 2020 was not yet available.
RBC has made inroads into U.S. wealth management since its acquisition of Minneapolis-based brokerage and investment bank Dain Rauscher Wessels nearly two decades ago, which it combined with City National following its 2015 acquisition.
Overall U.S. wealth management client assets grew to $30.5 trillion in 2018, up 64% from 2010, according to a January report from McKinsey.
Stephen Biggar, an analyst at Argus Research, attributed RBC's success in drawing teams from more entrenched players in the U.S. wealth management arena to its willingness to invest in growth.
"In some cases, there's a bit of frustration with some of the larger firms," he said. "If you want to grow a certain business, you have to spend ... RBC has gotten the return on that investment. That's why they've not been in a cost-cutting mood."
COMPENSATION
In July, Wells Fargo announced a broad cost-cutting initiative and UBS's wealth management unit said in January it was axing as many as 500 jobs globally.
Armstrong noted that RBC had made important investments in technology and advisor platforms.
RBC declined to disclose details about the investments, but said they were in the "tens of millions of dollars" and the amount was up three-fold in the last four years.
The company's compensation is also "consistently very competitive," said a spokeswoman for RBC's U.S. wealth management unit, without providing details.
Production by financial advisors with high asset values is typically about 1% of assets under management, with compensation at 40% to 45% of that, said Jeff Testerman, managing partner at BrokerHunter.com, a financial services employment website.
The lure of compensation, however, could be a pitfall, said Patrick Kennedy, co-founder of PriceMetrix.
"If an advisor is likely to move once, they're likely to move twice," Kennedy said.
RBC Wealth Management's U.S. assets under administration were up 7% to $436.4 billion as of the end of July, a touch below the record set in January. That compared with a 1% increase at Bank of America Corp's wealth unit to $2.9 trillion and a 3.5% jump at Morgan Stanley to $2.7 trillion, the firms with the biggest wealth management units.
The United States accounts for 53% of RBC's total wealth management client assets of C$1.1 trillion ($842 billion), versus Canada's 38% share.
Wealth management has contributed about 19.6% of RBC's total earnings this year, compared with 18.8% in 2019. RBC does not break down wealth management profits by region.
While the U.S. unit functions separately from its Canadian counterpart, the competitive recruiting is similar to what the bank has done in Canada for years, said Tony Maiorino, head of RBC Wealth Management's Canadian unit in Toronto.
But Maiorino stressed the Canadian unit has been "very focused" on marrying investment management with wealth planning, by expanding offerings including tax, estate and succession planning to existing clients.
This has been the "largest contributor" to success in Canada, he said, while recruitment has been a major driver of U.S. growth.
"RBC is in a leading position in Canada and there's less room to grow, so their focus there would be more on client retention," said John Mackerey, senior vice president for North American financial institutions at DBRS Morningstar.
"They have greater room for expansion in the U.S., and a bigger runway to expand in a fragmented market."
(Reporting by Nichola Saminather Editing by Denny Thomas and Paul Simao)
((Nichola.Saminather@thomsonreuters.com; +1-416-687-7604;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | RBC's recruitment push helped lift average revenue per new advisor, or production, by 43% year-to-date through July from the comparable year-earlier period, even as the number of hires remained flat, according to internal data from its U.S. wealth management unit that was shared exclusively with Reuters. As recently as August, the U.S. unit of Canada's biggest lender hired a team of four advisors from Morgan Stanley MS.N who managed $675 million in client assets, building on additions from other competitors including AllianceBernstein AB.N, Wells Fargo WFC.N, Bank of America's Merrill Lynch BAC.N and UBS UBSG.S, according to RBC Wealth Management. Data for 2020 was not yet available. | As recently as August, the U.S. unit of Canada's biggest lender hired a team of four advisors from Morgan Stanley MS.N who managed $675 million in client assets, building on additions from other competitors including AllianceBernstein AB.N, Wells Fargo WFC.N, Bank of America's Merrill Lynch BAC.N and UBS UBSG.S, according to RBC Wealth Management. RBC's recruitment push helped lift average revenue per new advisor, or production, by 43% year-to-date through July from the comparable year-earlier period, even as the number of hires remained flat, according to internal data from its U.S. wealth management unit that was shared exclusively with Reuters. Data for 2020 was not yet available. | As recently as August, the U.S. unit of Canada's biggest lender hired a team of four advisors from Morgan Stanley MS.N who managed $675 million in client assets, building on additions from other competitors including AllianceBernstein AB.N, Wells Fargo WFC.N, Bank of America's Merrill Lynch BAC.N and UBS UBSG.S, according to RBC Wealth Management. RBC's recruitment push helped lift average revenue per new advisor, or production, by 43% year-to-date through July from the comparable year-earlier period, even as the number of hires remained flat, according to internal data from its U.S. wealth management unit that was shared exclusively with Reuters. Data for 2020 was not yet available. | As recently as August, the U.S. unit of Canada's biggest lender hired a team of four advisors from Morgan Stanley MS.N who managed $675 million in client assets, building on additions from other competitors including AllianceBernstein AB.N, Wells Fargo WFC.N, Bank of America's Merrill Lynch BAC.N and UBS UBSG.S, according to RBC Wealth Management. RBC's recruitment push helped lift average revenue per new advisor, or production, by 43% year-to-date through July from the comparable year-earlier period, even as the number of hires remained flat, according to internal data from its U.S. wealth management unit that was shared exclusively with Reuters. Data for 2020 was not yet available. |
21612.0 | 2020-08-17 00:00:00 UTC | 5 Great Value Stocks to Add to Your Portfolio Right Now | AB | https://www.nasdaq.com/articles/5-great-value-stocks-to-add-to-your-portfolio-right-now-2020-08-17 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Few people will argue that the current market is frothy.
Economic numbers look encouraging, but there are significant underlying issues that no one is interested in discussing. For instance, tens of millions of Americans are unemployed, yet no relief is coming from Congress.
And what about the fact that the pandemic hardly seems under control but millions of children will be back in classrooms in the coming weeks. Plus, the numbers we’re currently seeing are in the summer months, when the novel coronavirus was supposed to go away.
But the market is climbing this wall of worry, so instead of hiding from it, the smart approach is to find the stocks of companies that have found a way to thrive. Where exactly should you start?
Laura Gonzalez, an associate professor of finance at California State, Long Beach, told InvestorPlace that the key in finding value stocks now is all about the longer-term story.
“[Warren] Buffett interviews a wide range of stakeholders to find out not just about competitive advantages, but also the corporate culture, governance and efficient independent frugal innovative leadership. We also need to keep in mind [how] the society and world are changing towards a new normal as a result of [Covid-19].”
Taking into consideration how the world is changing — and understanding the big picture behind each company — can help you determine if a stock is undervalued.
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The five fantastic value stocks below are still trading at decent valuations. But more importantly, they all have big potential as the economy soars — or skids — forward.
Thor Industries (NYSE:THO)
AllianceBernstein (NYSE:AB)
KAR Auction Services (NYSE:KAR)
Compass Diversified Holdings (NYSE:CODI)
Hercules Capital (NYSE:HTGC)
Value Stocks: Thor Industries (THO)
THO) banner hangs outside the New York Stock Exchange." width="300" height="169">
Source: Michael Gordon / Shutterstock.com
Summer holidays were significantly different this year. Air travel, hotel bookings and dining out became high-risk activities. And they remain so, as long as Covid-19 numbers remain high.
But that doesn’t mean people haven’t had the travel bug. And that’s where THO comes in.
It’s one of the nation’s leading mobile home manufacturers. Whether it’s a towable (an Airstream trailer for example) or a motor coach (like an Entegra), THO makes it.
And this isn’t just about people buying a recreational vehicle, it’s about the huge market for rentals that has cropped up as people look to find a safe way to travel.
THO stock is up nearly 150% in the past year, but its price-earnings ratio is now about the average for the S&P 500. And its price-book value is almost half the S&P 500 average at 1.7 times.
It also delivers a 1.5% dividend, which might not be much, but it is certainly better than what you’re going to get in a money market account.
AllianceBernstein (AB)
AB) logo inside a corporate office in New York City." width="300" height="169">
Source: rblfmr / Shutterstock.com
If you’re a well-read investor, this name might ring a bell. AllianceBernstein is an asset management company that offers investment management vehicles and trusts for all sorts of individual and institutional investors.
You can buy mutual funds, closed-end funds, hedge funds and various other products that AB owns manages. It also manages accounts for investors.
One unique aspect of AB is that it’s set up as a limited partnership, which makes stockholders owners, so profits from net income are distributed on quarterly basis.
Currently the stock is paying a hefty 9.3% dividend.
Assets under management, a key indicator of the company’s growth, continue to rise. Yet it trades at a P/E about one third of the S&P 500 average and its price-book value is also very low. The stock is up 8% in the past 12 months, but the dividend is a big kicker.
Value Stocks: KAR Auction Services (KAR)
KAR). " width="300" height="169">
Source: Casimiro PT / Shutterstock.com
If the name hasn’t given away this company’s business model, KAR is an automotive auction site.
But this isn’t just about selling old jalopies or classic cars. It’s about the much bigger picture.
KAR has operations in the United States, Canada, Mexico and Europe. And it sold 3.8 million vehicles last year, for about $40 billion in revenue.
While the U.S. may be awash in cars and trucks, there are a lot of places where cars aren’t readily available. Europe and the U.S. can sell cars into South America and Africa, two massive markets for used cars.
Also, many companies can buy fleet cars using KAR’s services.
And auction services are in high demand when markets are transitioning. In bad times, it’s a way to offload assets you don’t need or buy assets cheaply. In good times, it’s a way to expand quickly or upgrade prudently.
KAR’s current P/E is about 12 times. Its price-book is 1.7 times, and its price-sales ratio is a mere 1 times. Compare that to an average S&P 500 P/E of 29 times.
The stock is off about 30% in the last year due to chaos in the automotive sector, but it’s gaining ground again. It’s up 52% in the past three months.
Value Stocks: Compass Diversified Holdings (CODI)
Source: Shutterstock
Because CODI is structured as a investment holding company under the Investment Companies Act of 1940, it avoids corporate income taxes, so it can pay a generous dividend.
In this case, that dividend is 8.3%.
It’s what I like to call an alt-financial company. When the markets melted down in 2008, a lot of new companies sprouted up to offer financing to businesses when the banks were too scared to risk loans.
CODI put together a portfolio of small- to mid-sized industrial and consumer companies. It essentially operates like a small Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). It finances these companies, taking ownership, board or stock positions, and then either takes them public or spins them off to a suitor at a premium.
Because these types of firms don’t operate under the onerous regulations that traditional financial institutions do, they can be more creative with their deals and move much faster.
CODI only has a $1.1 billion market capitalization, but it’s growing at a solid clip. It has tons of cash ready to deploy — the current ration is 300% of current liabilities — and it’s trading at significant discounts to book value and sales.
The stock is off 7% in the past year due to pandemic concerns but it’s regained much of that. It is on track to growth once again.
Hercules Capital (HTGC)
Source: Shutterstock
Another alt-financial, HTGC operates a business development corporation under the same type of structure as CODI.
One key difference is that HTGC is focused on the tech space and operates more as a venture capital company, providing seed capital to businesses with promising tech solutions. Since its inception in 2003, it has worked with more than 500 companies.
It is currently working with a number of well-known tech companies — from DocuSign (NASDAQ:DOCU) to FanDuel to Impossible Foods — but over half its current portfolio is in life sciences companies.
And this was true even before Covid-19. Life sciences is one of those major macroeconomic trends that will grow regardless of events like the pandemic.
Also, its tech focus also means that the company is set to profit from the enormous shift working and learning from home that is currently happening.
The stock was hit when the markets tanked in late March, given its exposure to small and medium-sized business that have to navigate the current landscape.
But it’s off less than 10% and its whopping 11% dividend covers that. HTGC has a super-low P/E of 13 times and price-book of 1.3 times, significantly lower than the S&P 500.
Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps — and into safe, top-performing income investments. Neil’s new income program is a cash-generating machine … one that can help you collect $208 every day the market’s open. Neil does not have any holdings in the securities mentioned above.
The post 5 Great Value Stocks to Add to Your Portfolio Right 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. | Laura Gonzalez, an associate professor of finance at California State, Long Beach, told InvestorPlace that the key in finding value stocks now is all about the longer-term story. “[Warren] Buffett interviews a wide range of stakeholders to find out not just about competitive advantages, but also the corporate culture, governance and efficient independent frugal innovative leadership. And what about the fact that the pandemic hardly seems under control but millions of children will be back in classrooms in the coming weeks. | Thor Industries (NYSE:THO) AllianceBernstein (NYSE:AB) KAR Auction Services (NYSE:KAR) Compass Diversified Holdings (NYSE:CODI) Hercules Capital (NYSE:HTGC) Value Stocks: Thor Industries (THO) THO) banner hangs outside the New York Stock Exchange." And what about the fact that the pandemic hardly seems under control but millions of children will be back in classrooms in the coming weeks. Laura Gonzalez, an associate professor of finance at California State, Long Beach, told InvestorPlace that the key in finding value stocks now is all about the longer-term story. | Thor Industries (NYSE:THO) AllianceBernstein (NYSE:AB) KAR Auction Services (NYSE:KAR) Compass Diversified Holdings (NYSE:CODI) Hercules Capital (NYSE:HTGC) Value Stocks: Thor Industries (THO) THO) banner hangs outside the New York Stock Exchange." And what about the fact that the pandemic hardly seems under control but millions of children will be back in classrooms in the coming weeks. Laura Gonzalez, an associate professor of finance at California State, Long Beach, told InvestorPlace that the key in finding value stocks now is all about the longer-term story. | THO stock is up nearly 150% in the past year, but its price-earnings ratio is now about the average for the S&P 500. KAR’s current P/E is about 12 times. And what about the fact that the pandemic hardly seems under control but millions of children will be back in classrooms in the coming weeks. |
21613.0 | 2020-07-29 00:00:00 UTC | Ex-Dividend Reminder: Tompkins Financial, AllianceBernstein Holding and Blackstone Group | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-tompkins-financial-alliancebernstein-holding-and-blackstone-group | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 7/31/20, Tompkins Financial Corp (Symbol: TMP), AllianceBernstein Holding LP (Symbol: AB), and Blackstone Group Inc (Symbol: BX) will all trade ex-dividend for their respective upcoming dividends. Tompkins Financial Corp will pay its quarterly dividend of $0.52 on 8/14/20, AllianceBernstein Holding LP will pay its quarterly dividend of $0.61 on 8/20/20, and Blackstone Group Inc will pay its quarterly dividend of $0.37 on 8/10/20. As a percentage of TMP's recent stock price of $64.41, this dividend works out to approximately 0.81%, so look for shares of Tompkins Financial Corp to trade 0.81% lower — all else being equal — when TMP shares open for trading on 7/31/20. Similarly, investors should look for AB to open 2.10% lower in price and for BX to open 0.68% lower, all else being equal.
Below are dividend history charts for TMP, AB, and BX, showing historical dividends prior to the most recent ones declared.
Tompkins Financial Corp (Symbol: TMP):
AllianceBernstein Holding LP (Symbol: AB):
Blackstone Group Inc (Symbol: BX):
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 3.23% for Tompkins Financial Corp, 8.42% for AllianceBernstein Holding LP, and 2.71% for Blackstone Group Inc .
In Wednesday trading, Tompkins Financial Corp shares are currently down about 0.3%, AllianceBernstein Holding LP shares are up about 1.4%, and Blackstone Group Inc shares are up about 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. | 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 7/31/20, Tompkins Financial Corp (Symbol: TMP), AllianceBernstein Holding LP (Symbol: AB), and Blackstone Group Inc (Symbol: BX) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AB to open 2.10% lower in price and for BX to open 0.68% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 7/31/20, Tompkins Financial Corp (Symbol: TMP), AllianceBernstein Holding LP (Symbol: AB), and Blackstone Group Inc (Symbol: BX) will all trade ex-dividend for their respective upcoming dividends. Tompkins Financial Corp (Symbol: TMP): AllianceBernstein Holding LP (Symbol: AB): Blackstone Group Inc (Symbol: BX): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AB to open 2.10% lower in price and for BX to open 0.68% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 7/31/20, Tompkins Financial Corp (Symbol: TMP), AllianceBernstein Holding LP (Symbol: AB), and Blackstone Group Inc (Symbol: BX) will all trade ex-dividend for their respective upcoming dividends. Tompkins Financial Corp (Symbol: TMP): AllianceBernstein Holding LP (Symbol: AB): Blackstone Group Inc (Symbol: BX): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AB to open 2.10% lower in price and for BX to open 0.68% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 7/31/20, Tompkins Financial Corp (Symbol: TMP), AllianceBernstein Holding LP (Symbol: AB), and Blackstone Group Inc (Symbol: BX) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AB to open 2.10% lower in price and for BX to open 0.68% lower, all else being equal. Below are dividend history charts for TMP, AB, and BX, showing historical dividends prior to the most recent ones declared. |
21614.0 | 2020-07-23 00:00:00 UTC | AllianceBernstein Holding Q2 20 Earnings Conference Call At 8:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-q2-20-earnings-conference-call-at-8%3A00-am-et-2020-07-23 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on July 23, 2020, to discuss Q2 20 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), Conference ID# is 2094118.
For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 2094118.
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 8:00 AM ET on July 23, 2020, to discuss Q2 20 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), Conference ID# is 2094118. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 2094118. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on July 23, 2020, to discuss Q2 20 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), Conference ID# is 2094118. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 2094118. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on July 23, 2020, to discuss Q2 20 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), Conference ID# is 2094118. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 2094118. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on July 23, 2020, to discuss Q2 20 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), Conference ID# is 2094118. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 2094118. |
21615.0 | 2020-07-23 00:00:00 UTC | AllianceBernstein Holding L.P. Q2 adjusted earnings Inline With Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q2-adjusted-earnings-inline-with-estimates-2020-07-23 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for its second quarter that climbed from the same period last year.
The company's earnings came in at $56.93 million, or $0.59 per share. This compares with $52.29 million, or $0.54 per share, in last year's second quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $59.46 million or $0.61 per share for the period.
Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.2% to $698.73 million from $714.57 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q2): $59.46 Mln. vs. $53.53 Mln. last year. -EPS (Q2): $0.61 vs. $0.56 last year. -Analysts Estimate: $0.61 -Revenue (Q2): $698.73 Mln vs. $714.57 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) revealed earnings for its second quarter that climbed from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $59.46 million or $0.61 per share for the period. Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for its second quarter that climbed from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $59.46 million or $0.61 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for its second quarter that climbed from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $59.46 million or $0.61 per share for the period. The company's revenue for the quarter fell 2.2% to $698.73 million from $714.57 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) revealed earnings for its second quarter that climbed from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $59.46 million or $0.61 per share for the period. AllianceBernstein Holding L.P. earnings at a glance: -Earnings (Q2): $59.46 Mln. |
21616.0 | 2020-07-21 00:00:00 UTC | 5 Value Stocks the Market Has Overlooked | AB | https://www.nasdaq.com/articles/5-value-stocks-the-market-has-overlooked-2020-07-21 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If you like to buy low and sell high, then picking value stocks can be fun and profitable. There’s nothing more enjoyable than getting into a stock that the market has overlooked and watching it turn around and shoot higher.
Identifying value stocks often means checking for essential metrics. These can include the 52-week high and low, as well as the trailing 12-month price-to-earnings ratio. Just as importantly, it can mean investigating the fundamentals of the companies and ensuring that they’re involved in a growth-oriented market sector.
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Here are five names that fit the criteria we’ll be watching out for:
Big Lots (NYSE:BIG)
Gray Television (NYSE:GTN)
AllianceBernstein (NYSE:AB)
Spirit Airlines (NYSE:SAVE)
Foot Locker (NYSE:FL)
Okay, value hunters, get your watch lists ready. We’re going to dig into these five value stocks that many folks are missing out on.
Value Stock to Buy: Big Lots (BIG)
BIG) store shot from the parking lot with a shopping cart in the foreground and clear blue sky in the background" width="300" height="169">
Source: Jonathan Weiss / Shutterstock.com
Brick-and-mortar retailer Big Lots is known for discounts, but did you know that BIG stock is trading at a discount that places it among the most promising value stocks to consider today? BIG’s trailing 12-month price-to-earnings ratio of 5.11x isn’t big at all, which means that the stock is cheap compared to the company’s income.
It’s also worth noting that Big Lots is in a very strong, cash-positive position. Available liquidity is an essential but underappreciated part of assessing a company’s value. Big Lots recently reported approximately $890 million in cash and short-term investments.
Not only that, but no amounts have been drawn on Big Lots’ $700 million revolving credit facility. As you can see, access to capital is not a problem for Big Lots. Granted, roughly $170 million in expected tax payments haven’t been factored into the foregoing stats. Nevertheless, it’s evident that Big Lots is prepared to weather the pandemic-precipitated economic storm.
Just recently, five analysts’ current-quarter earnings estimates for Big Lots have increased. These upward revisions have ranged from 80 cents to $2.37. It’s no secret that some experts are bracing for an outstanding quarter for Big Lots. So, don’t be shocked if BIG stock attains the $43 area in the near future.
Gray Television (GTN)
Source: Tero Vesalainen/ShutterStock.com
Television broadcast company Gray Television is a media superstar waiting to be discovered. The company’s TV stations reach 24% of television-viewing households in the United States. With election season ready to head into the final stretch, advertising revenues could ramp up and that’s net bullish for GTN stock.
Much of the bearish sentiment surrounding Gray Television is, without a doubt, related to the novel coronavirus pandemic. Some companies’ budgets are strained, and media advertising is often considered a discretionary expense.
It’s somewhat understandable, then, that the trading community put some price pressure on GTN stock. Yet, it’s conceivable that investors sold off the shares to an excessive degree. A recovery in the broader economy could easily send the stock price back up to the $20 level or higher.
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Value seekers will appreciated the stock’s trailing 12-month price-to-earnings ratio of just 7.42x. And, GTN stock has room to run when we consider its 52-week high of $23.07. With that in mind, Gray Television could be the best value name you’ve never heard of.
AllianceBernstein (AB)
Source: Shutterstock
Hat-tip to InvestorPlace advisor Neil George for turning me on to this surprising value-investing opportunity. A highly respected asset-management company that traders don’t often talk about, AllianceBernstein offers an excellent forward annual dividend yield of almost 9%.
As George duly notes, “the shares are held by 16 members of the company’s management team.” This indicates conviction among AllianceBernstein’s insiders. Regarding the essential value metrics, AB stock sports a trailing 12-month price-to-earnings ratio of 10.65x.
That number should perk up the ears of value seekers, but it’s also nice to know that you’d be investing in a large and growing company. In fact, by the end of May, AllianceBernstein had $596 billion in estimated assets under management.
Better yet, that figure increased by 0.7% to a clean $600 billion by June’s end. Could this be a sign that AllianceBernstein is faring well and the financial sector is in recovery mode? It’s an idea worth considering, but either way, the data suggests that value hunters shouldn’t miss out on AB stock.
Spirit Airlines (SAVE)
SAVE) branded airplane flying in the air" width="300" height="169">
Source: Markus Mainka / Shutterstock.com
It’s an airline that isn’t a red-hot discussion topic among traders, but Spirit Airlines offers a rare value proposition. It’s also in a possible growth market as airlines could receive more government stimulus funds and the nation’s recovery from the pandemic should boost Spirit’s bottom line eventually.
In fact, the United States Treasury specifically included Spirit Airlines when it finalized the loan terms for an assistance package worth nearly $50 billion. This was done as part of the broad-based stimulus plan commonly known as the CARES Act.
Treasury Secretary Steven T. Mnuchin characterized the stimulus funds directed towards the five named airlines as “much-needed financial assistance.” This indicates that the government is eager to help out Spirit Airlines and the aviation sector in general.
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Beyond the government assistance, the data speaks volumes as SAVE stock has a trailing 12-month price-to-earnings ratio of 4.55x. It’s also much closer to the 52-week low of $7.01 than SAVE’s 52-week high price of $55.21. Judging by those metrics, you might consider saving your money for SAVE shares, but don’t wait too long, as the price could trend upwards very soon.
Foot Locker (FL)
FL) logo with a red hue" width="300" height="169">
Source: Roman Tiraspolsky / Shutterstock.com
Could shoe sales be viewed as a growth opportunity? Maybe or maybe not, but Foot Locker has been bolstering its online presence, and few traders would deny the strength of e-commerce. Meanwhile, value investors should observe that FL stock (pardon the pun) “sports” a trailing 12-month price-to-earnings ratio of 14.3x and is nowhere near its 52-week high of $47.86.
Whatever you do, please don’t think of Foot Locker as a “mall store” company. Foot Locker’s value proposition is enhanced by the company’s willingness to adapt to changing times. Indeed, the company has specifically cited building “a more powerful Digital business with customer-focused channel connectivity” as a strategic priority.
Foot Locker also cited European expansion opportunities as well as pursuit of the company’s Women’s and Kids’ businesses as priorities. As the pool of consumers for athletic wear diversifies, so does Foot Locker in its outreach efforts, and that’s certainly not a bad thing.
Wedbush analyst Christopher Svezia seems to model significant upside for FL stock as he maintained his “Outperform” rating while assigning an ambitious price target of $34. Svezia’s bull case is justified as Foot Locker is making progress in paying off its debts. That being the case, those seeking value stocks can take a position in FL stock today and prepare for a turnaround in this (please forgive me) “sole survivor.”
David Moadel has provided compelling content – and crossed the occasional line – on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. As of this writing, he did not hold a position in any of the aforementioned securities.
The post 5 Value Stocks the Market Has Overlooked 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 If you like to buy low and sell high, then picking value stocks can be fun and profitable. There’s nothing more enjoyable than getting into a stock that the market has overlooked and watching it turn around and shoot higher. 8 Silver Stocks to Consider If Gold Isn't Your Thing Here are five names that fit the criteria we’ll be watching out for: Big Lots (NYSE:BIG) Gray Television (NYSE:GTN) AllianceBernstein (NYSE:AB) Spirit Airlines (NYSE:SAVE) Foot Locker (NYSE:FL) Okay, value hunters, get your watch lists ready. | 8 Silver Stocks to Consider If Gold Isn't Your Thing Here are five names that fit the criteria we’ll be watching out for: Big Lots (NYSE:BIG) Gray Television (NYSE:GTN) AllianceBernstein (NYSE:AB) Spirit Airlines (NYSE:SAVE) Foot Locker (NYSE:FL) Okay, value hunters, get your watch lists ready. InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you like to buy low and sell high, then picking value stocks can be fun and profitable. There’s nothing more enjoyable than getting into a stock that the market has overlooked and watching it turn around and shoot higher. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you like to buy low and sell high, then picking value stocks can be fun and profitable. 8 Silver Stocks to Consider If Gold Isn't Your Thing Here are five names that fit the criteria we’ll be watching out for: Big Lots (NYSE:BIG) Gray Television (NYSE:GTN) AllianceBernstein (NYSE:AB) Spirit Airlines (NYSE:SAVE) Foot Locker (NYSE:FL) Okay, value hunters, get your watch lists ready. There’s nothing more enjoyable than getting into a stock that the market has overlooked and watching it turn around and shoot higher. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you like to buy low and sell high, then picking value stocks can be fun and profitable. There’s nothing more enjoyable than getting into a stock that the market has overlooked and watching it turn around and shoot higher. 8 Silver Stocks to Consider If Gold Isn't Your Thing Here are five names that fit the criteria we’ll be watching out for: Big Lots (NYSE:BIG) Gray Television (NYSE:GTN) AllianceBernstein (NYSE:AB) Spirit Airlines (NYSE:SAVE) Foot Locker (NYSE:FL) Okay, value hunters, get your watch lists ready. |
21617.0 | 2020-06-28 00:00:00 UTC | Is NVIDIA's Profit About to Rocket 67% Higher? | AB | https://www.nasdaq.com/articles/is-nvidias-profit-about-to-rocket-67-higher-2020-06-28 | nan | nan | NVIDIA's (NASDAQ: NVDA) recent deal with Daimler unit Mercedes-Benz could provide some real acceleration for the IT company, particularly on its bottom line.
That's the opinion of analyst Stacy Rasgon at AllianceBernstein's (NYSE: AB) Bernstein Research. He estimates the arrangement could ultimately bring in anywhere from $2.0 billion to $2.5 billion in revenue, and $2.50 to $3.00 in per-share earnings to NVIDIA"s results. For comparison, in fiscal 2020 the company booked just over $10.9 billion in revenue, while its GAAP earnings were $4.52 per share.
Image source: Mercedes-Benz (Daimler).
Mercedes-Benz is the largest luxury auto maker in the world, so NVIDIA is partnering with a company that not only has strong sales for the segment (almost 2.4 million vehicles sold in 2019), but also serves a relatively affluent customer base. Such clientele would likely be more willing to buy premium software offerings to make their drives more comfortable and/or entertaining.
The new deal between the two companies was announced last week. They will collaborate on developing a state-of-the-art computing platform built on NVIDIA'S DRIVE technology.
NVIDIA wrote in its press release on the arrangement that the platform will be "first-of-its-kind software-defined computing architecture that includes the most powerful computer, system software and applications for consumers, marking the turning point of traditional vehicles becoming high-performance, updateable computing devices."
Interestingly, the Bernstein analyst did not change either his price target or recommendation on NVIDIA stock. Rasgon still believes it is worth $415 per share -- 13% higher than its most recent closing price -- and is worthy of an outperform rating.
On Friday, NVIDIA's shares ended the day 3.5% lower, a steeper fall than that experienced by the broader stock market and many peer tech stocks.
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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. | That's the opinion of analyst Stacy Rasgon at AllianceBernstein's (NYSE: AB) Bernstein Research. Such clientele would likely be more willing to buy premium software offerings to make their drives more comfortable and/or entertaining. They will collaborate on developing a state-of-the-art computing platform built on NVIDIA'S DRIVE technology. | That's the opinion of analyst Stacy Rasgon at AllianceBernstein's (NYSE: AB) Bernstein Research. Such clientele would likely be more willing to buy premium software offerings to make their drives more comfortable and/or entertaining. They will collaborate on developing a state-of-the-art computing platform built on NVIDIA'S DRIVE technology. | NVIDIA wrote in its press release on the arrangement that the platform will be "first-of-its-kind software-defined computing architecture that includes the most powerful computer, system software and applications for consumers, marking the turning point of traditional vehicles becoming high-performance, updateable computing devices." That's the opinion of analyst Stacy Rasgon at AllianceBernstein's (NYSE: AB) Bernstein Research. Such clientele would likely be more willing to buy premium software offerings to make their drives more comfortable and/or entertaining. | That's the opinion of analyst Stacy Rasgon at AllianceBernstein's (NYSE: AB) Bernstein Research. Such clientele would likely be more willing to buy premium software offerings to make their drives more comfortable and/or entertaining. They will collaborate on developing a state-of-the-art computing platform built on NVIDIA'S DRIVE technology. |
21618.0 | 2020-06-25 00:00:00 UTC | MasMovil bid faces investigation call by minority shareholder | AB | https://www.nasdaq.com/articles/masmovil-bid-faces-investigation-call-by-minority-shareholder-2020-06-25 | nan | nan | MADRID, June 25 (Reuters) - MasMovil MASM.MC investor Polygon Global Partners has asked Spain's market regulator to investigate the terms of a 3 billion euro ($3.4 billion) private equity bid for the telecoms firm.
Hedge fund Polygon said in a letter dated June 23 that the price of shares in MasMovil, which has grown rapidly to compete with Telefonica TEF.MC, Vodafone VOD.L and Orange ORAN.PA, had fallen 39% in the space of two weeks in March.
Polygon said in the letter sent to the CNMV that the terms agreed on by existing shareholders made any competing bid impossible.
A CNMV spokeswoman said on Thursday the letter had not arrived.
Investors representing 30% of MasMovil's share capital have accepted the bid by KKR KKR.N, Cinven and Providence and said they will only consider rival bids above 26 euros a share. The bid needs 50% acceptances for it to succeed.
MasMovil's shares rose above the 22.50 euro offer price when the deal, which is backed by MasMovil's board, was announced on June 1, and have stayed broadly slightly above the offer price.
The private equity consortium's offer represented a 20% premium to the previous session's close, but is well below a five-year high of 25.52 euros which MasMovil hit in March 2018.
Providence, which was MasMovil's second-biggest shareholder at the end of March with a 9% stake, declined to comment.
Polygon's move follows a complaint by fellow small shareholder AllianceBernstein AB.N that the price offered in the first European take-private attempt by major buyout funds since the coronavirus pandemic is too low.
A MasMovil spokesman declined to comment.
($1 = 0.8918 euros)
(Reporting by Isla Binnie in Madrid and Abhinav Ramnarayan in London; Additional reporting by Inti Landauro Editing by Alexander Smith)
((isla.binnie@thomsonreuters.com; +39 06 8522 4392; Reuters Messaging: isla.binnie.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. | Polygon's move follows a complaint by fellow small shareholder AllianceBernstein AB.N that the price offered in the first European take-private attempt by major buyout funds since the coronavirus pandemic is too low. Investors representing 30% of MasMovil's share capital have accepted the bid by KKR KKR.N, Cinven and Providence and said they will only consider rival bids above 26 euros a share. MasMovil's shares rose above the 22.50 euro offer price when the deal, which is backed by MasMovil's board, was announced on June 1, and have stayed broadly slightly above the offer price. | Investors representing 30% of MasMovil's share capital have accepted the bid by KKR KKR.N, Cinven and Providence and said they will only consider rival bids above 26 euros a share. MasMovil's shares rose above the 22.50 euro offer price when the deal, which is backed by MasMovil's board, was announced on June 1, and have stayed broadly slightly above the offer price. Polygon's move follows a complaint by fellow small shareholder AllianceBernstein AB.N that the price offered in the first European take-private attempt by major buyout funds since the coronavirus pandemic is too low. | Investors representing 30% of MasMovil's share capital have accepted the bid by KKR KKR.N, Cinven and Providence and said they will only consider rival bids above 26 euros a share. MasMovil's shares rose above the 22.50 euro offer price when the deal, which is backed by MasMovil's board, was announced on June 1, and have stayed broadly slightly above the offer price. Polygon's move follows a complaint by fellow small shareholder AllianceBernstein AB.N that the price offered in the first European take-private attempt by major buyout funds since the coronavirus pandemic is too low. | Investors representing 30% of MasMovil's share capital have accepted the bid by KKR KKR.N, Cinven and Providence and said they will only consider rival bids above 26 euros a share. MasMovil's shares rose above the 22.50 euro offer price when the deal, which is backed by MasMovil's board, was announced on June 1, and have stayed broadly slightly above the offer price. Polygon's move follows a complaint by fellow small shareholder AllianceBernstein AB.N that the price offered in the first European take-private attempt by major buyout funds since the coronavirus pandemic is too low. |
21619.0 | 2020-06-17 00:00:00 UTC | AllianceBernstein Buys AnchorPath Financial | AB | https://www.nasdaq.com/articles/alliancebernstein-buys-anchorpath-financial-2020-06-17 | nan | nan | (RTTNews) - AllianceBernstein L.P. said that it acquired AnchorPath Financial, LLC earlier during the second quarter of 2020.
AnchorPath is an investment management firm founded in 2009. It has developed a cost-effective strategy that integrates proprietary, pro-active risk control while providing liquidity and transparency.
The AnchorPath team recently joined AllianceBernstein's Multi-Asset Solutions business. AnchorPath's principal, Marshall Greenbaum, also joined AllianceBernstein as part of the acquisition.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It has developed a cost-effective strategy that integrates proprietary, pro-active risk control while providing liquidity and transparency. The AnchorPath team recently joined AllianceBernstein's Multi-Asset Solutions business. AnchorPath's principal, Marshall Greenbaum, also joined AllianceBernstein as part of the acquisition. | The AnchorPath team recently joined AllianceBernstein's Multi-Asset Solutions business. AnchorPath's principal, Marshall Greenbaum, also joined AllianceBernstein as part of the acquisition. 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 L.P. said that it acquired AnchorPath Financial, LLC earlier during the second quarter of 2020. The AnchorPath team recently joined AllianceBernstein's Multi-Asset Solutions business. AnchorPath's principal, Marshall Greenbaum, also joined AllianceBernstein as part of the acquisition. | (RTTNews) - AllianceBernstein L.P. said that it acquired AnchorPath Financial, LLC earlier during the second quarter of 2020. AnchorPath is an investment management firm founded in 2009. It has developed a cost-effective strategy that integrates proprietary, pro-active risk control while providing liquidity and transparency. |
21620.0 | 2020-06-09 00:00:00 UTC | MasMovil shareholder seeks better terms on takeover bid | AB | https://www.nasdaq.com/articles/masmovil-shareholder-seeks-better-terms-on-takeover-bid-2020-06-09 | nan | nan | By Inti Landauro and Abhinav Ramnarayan
MADRID/LONDON, June 9 (Reuters) - AllianceBernstein AWF.N, which holds around a1.25% stake in MasMovil MASM.MC, said on Tuesday a takeover offer for the Spanish telecoms company from three private equity funds was too low and asked the board to seek better terms or rival bids.
Buyout funds KKR KKR.N, Cinven and Providence launched a 2.96 billion euro ($3.34 billion) offer for MasMovil on June 1, which was backed by the Spanish company's board. [nL8N2DE1CI]
AllianceBernstein said that the takeover proposal substantially undervalued the company.
"We have expressed our concerns to the company's board asking them to seek better terms, including potentially from other bidders," AllianceBernstein said in an emailed statement to Reuters.
A spokesman for MasMovil was not immediately available for comment.
The takeover proposal includes commitments to sell from nearly 30% of MasMovil's current shareholders.
Providence, which played a key role in orchestrating the takeover proposal, ranks as the company's second biggest investor with a 9.16% stake.
AllianceBernstein is MasMovil's 15th biggest shareholder with around 1.25%, Refinitiv Eikon data shows as of end-April.
U.S. investment fund BlackRock Inc BLK.N and other investors have built stakes in the Spanish telecom operator since the June 1 offer.
This has helped to push MasMovil's shares to 22.90 euros per share as of 12.15 GMT on Tuesday, above the offer price of 22.50 euros per share.
Banking sources have described the 20% premium offered by the private equity consortium as "skinny" but said it would be challenging for counterbidders to step in since they would meet resistance from Providence.
French telecom group Orange ORAN.PA has said it does not plan to make a rival bid for MasMovil.
MasMovil has built up a position in Spain's fiercely competitive market by buying lower-cost brands Pepephone and Yoigo. It is also planning to launch in Portugal and establish a new regional service in the Basque country in Northern Spain to rival regional operator Euskaltel.
($1 = 0.8863 euros)
(Reporting by Inti Landauro and Abhinav Ramnarayan; Additional reporting by Pamela Barbaglia and Isla Binnie; Editing by Jan Harvey and Jane Merriman)
((Inti.Landauro@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Inti Landauro and Abhinav Ramnarayan MADRID/LONDON, June 9 (Reuters) - AllianceBernstein AWF.N, which holds around a1.25% stake in MasMovil MASM.MC, said on Tuesday a takeover offer for the Spanish telecoms company from three private equity funds was too low and asked the board to seek better terms or rival bids. A spokesman for MasMovil was not immediately available for comment. This has helped to push MasMovil's shares to 22.90 euros per share as of 12.15 GMT on Tuesday, above the offer price of 22.50 euros per share. | By Inti Landauro and Abhinav Ramnarayan MADRID/LONDON, June 9 (Reuters) - AllianceBernstein AWF.N, which holds around a1.25% stake in MasMovil MASM.MC, said on Tuesday a takeover offer for the Spanish telecoms company from three private equity funds was too low and asked the board to seek better terms or rival bids. A spokesman for MasMovil was not immediately available for comment. This has helped to push MasMovil's shares to 22.90 euros per share as of 12.15 GMT on Tuesday, above the offer price of 22.50 euros per share. | By Inti Landauro and Abhinav Ramnarayan MADRID/LONDON, June 9 (Reuters) - AllianceBernstein AWF.N, which holds around a1.25% stake in MasMovil MASM.MC, said on Tuesday a takeover offer for the Spanish telecoms company from three private equity funds was too low and asked the board to seek better terms or rival bids. This has helped to push MasMovil's shares to 22.90 euros per share as of 12.15 GMT on Tuesday, above the offer price of 22.50 euros per share. A spokesman for MasMovil was not immediately available for comment. | By Inti Landauro and Abhinav Ramnarayan MADRID/LONDON, June 9 (Reuters) - AllianceBernstein AWF.N, which holds around a1.25% stake in MasMovil MASM.MC, said on Tuesday a takeover offer for the Spanish telecoms company from three private equity funds was too low and asked the board to seek better terms or rival bids. A spokesman for MasMovil was not immediately available for comment. This has helped to push MasMovil's shares to 22.90 euros per share as of 12.15 GMT on Tuesday, above the offer price of 22.50 euros per share. |
21621.0 | 2020-06-04 00:00:00 UTC | 4 Value Stocks to Buy That Also Pay Dividends | AB | https://www.nasdaq.com/articles/4-value-stocks-to-buy-that-also-pay-dividends-2020-06-04 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When I’m researching stocks and the companies behind them, I go through a whole lot of fundamentals. I examine their revenues, cost of goods, margins and balance sheets. But then I go through how each stock is priced in the market as I only want to recommend value stocks. These are names that are undervalued compared to the market or their peers.
Value is a word that is thrown around by analysts, investment managers and plenty of others in the market. But for me, it comes down to how a stock is priced against its trailing sales or against its intrinsic value known as the book value.
Earnings, of course, are what most focus on when looking at valuation. However, earnings come with all sorts of caveats as companies report a lot of one-off items to smooth numbers for any given quarter. And it is always interesting to look at quarterly and annual reports. I like to compare the reported numbers and numbers that are reconciled with generally accepted accounting practices (GAAP).
I always run the numbers on a GAAP basis to get a better apples-to-apples comparison. This also helps get through some of the financial fluff. And it even gets more entertaining when looking at tax and U.S. Securities and Exchange filings which often can be quite different from standard releases. It’s not a good idea to fib to Uncle Sam.
8 Battery Stocks That Will Seriously Power Your Portfolio
In addition, I come from a credit and buy-side perspective. For decades I was in international banking and had to do plenty of credit analysis. And in fund management, I had to know that I wasn’t buying a pig-in-a-poke.
Harder to Fudge
It’s harder for a company to fudge its sales and book value. Sales are sales — unless there is fraud. And sure, companies can take sales in a particular quarter that may be actually pending. But again, it’s pretty easy to see through accounting abuses.
Book value takes all of a company’s assets and subtracts liabilities to come to an intrinsic value. But it can also include goodwill — particularly from acquired businesses. Goodwill takes into consideration an implied value in an enterprise such as its customer base. This value is intangible, but it’s still there.
So, taking sales, I use the trailing total sales for the last four quarters and then compare it to the market capitalization. This gives me the price-sales ratio. And I compare that ratio to the market and to a company’s peers to see how that company’s stock is valued.
Then when looking at book value, I do the same with the current book against the market capitalization to get the price-book ratio.
Now, the vast majority of stocks that I recommend are at premiums to sales or book value ratios. This means that I am paying some percentage more than the trailing sales or the current book value. I only do that at levels that are at discounts to the market and a stock’s peers.
But now and again I find some very good stocks that are valued by the market at discounts to trailing sales or book value. These are special value stocks that the market is incorrectly pricing.
The value stocks that I find make for very good buys, and I have a selection of some inside the model portfolios of my Profitable Investing. In addition, they all have dividend income. Here are four value stocks I’m recommending now:
AllianceBernstein (NYSE:AB)
Compass Diversified (NYSE:CODI)
Kar Auction Services (NYSE:KAR)
Thor Industries (NYSE:THO)
Value Stocks: AllianceBernstein (AB)
Source: Bloomberg
AllianceBernstein (AB) Total Return
AllianceBernstein is an asset management company that is set up as a limited partnership. And the shares are held by 16 members of the company’s management team — so they have skin in the game. I have known the company for decades as it has been a customer of mine, and it’s run several funds that I have recommended or owned.
I have always liked the asset management sector because it provides a market-neutral quality. This means that if the stock and bond markets go up or down, asset management companies still get fee income on the assets under management (AUM). And sure, if the markets are up, AUM will reflect this with more fee income than when markets are down. But fee income keeps flowing — as long as the company is good at keeping existing customers’ assets as well as gathering more over time.
Even with the market’s severe drop in March, AUM is running at $542 billion. AllianceBernstein’s AUM continues to climb over the past seven years alone by a compound annual growth rate (CAGR) of 3.2%.
Sales are up over the past year through the most recent quarter despite market gyrations. And the company pays an ample and tax-advantaged dividend yielding 9.6%. Debt is minor compared to assets.
The shares have delivered a return of 53.6% over the past three years. And here’s where it gets good. The stock is priced at a discount to sales of 23.4% making for a discounted value. It should be bought in a taxable account.
Compass Diversified (CODI)
Source: Bloomberg
Compass Diversified (CODI) Total Return
Compass Diversified Holdings is a company that — like AllianceBernstein — I’ve known, followed, recommended and owned almost since it came to the public market. It is structured under the Investment Companies Act of 1940 as an investment holding company, which allows it to avoid corporate income taxes.
It owns a collection of strongly branded industrial and consumer products companies. Think of it like a smaller and more strategic Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) in the early days of Warren Buffett.
Revenue is up by 6.8% over the past year and operating margins are thinner — but still good at 4.2%. And it delivers for shareholders with a return on equity of a whopping 24.1%. It has tons of cash with a current ratio of 310%, and debts are low at only 25.9% of assets.
The dividend yields 8.2% and has been dependable through all sorts of market and economic conditions.
Now here’s where it gets good. The stock is priced at a discount to sales by 30% making for a very good buy right now. It should be bought in a taxable account.
Kar Auction Services (KAR)
Source: Bloomberg
Kar Auction Services (KAR) Total Return
There are a lot of cars out in the market right now — including thousands upon thousands of used cars. Kar Auction Services, as its name implies, provides auctions for cars. This helps to get rid of inventories from dealers and creditors that need cash and need to get rid of the cars.
In normal economic conditions, Kar is a leader in making the used car market all the more efficient. But in bad times — such as now — the company is a go-to solution for raising cash and getting rid of cars.
And it also extends to salvage cars. Accidents always happen, and with today’s cars full of all sorts of sensors, even a fender-bender can result in thousands of dollars in insurance-paid repairs. This means that salvaged cars can be worth more for parts or for foreign markets where safety and other standards are lower than in the U.S. Kar gets rid of both types of cars very well.
Revenue was off for the last quarter with the mayhem in the economy. But it has a long history of revenue gains, with the past ten years showing a compound annual growth rate of 3.3%. And for its core auction operations, the past three years show an average annual sales gain of 11.2%.
Kar has suspended its dividend for the current quarter, but plans to restore it later this year. It typically yields 3.6%. Cash and equivalents are good at 130% of current liabilities and debts are low at only 35.1% of assets.
Here’s where it gets good. The stock is priced at a discount to sales by 20%. This makes it a bargain in a leading segment. Buy KAR stock in a tax-free account.
Thor Industries (THO)
Source: Bloomberg
Thor Industries (THO) Total Return
There’s a lot to like about RVs. They’re the perfect solution when you have the need to get out — and stay out — of your home. Modern RVs even benefit from the coming 5G revolution, bringing new communications capabilities.
Granted, RVs aren’t really cheap, so you might be asking who potential buyers are as unemployment numbers remain higher. But don’t worry. There’s still plenty of cash in the economy to purchase these get-away vehicles.
My pick for my Profitable Investing subscribers has been Thor Industries. The company is primarily focused on North America and builds and sells motor homes, trailers and related accessories. Its brands are well-known to those that research the RV market including Airstream, Heartland, Jayco and Starcraft.
The company’s sales were trailing off from late 2016 through the first quarter of 2019. But the last four quarters have seen improvements. And I believe that the company will see further improvement in the current and pending quarters.
Thor Industries has thinner margins, like for many auto companies. But it runs a tighter ship with a return on equity running at 10.2%. It has a good cash surplus compared to liabilities exceeding 40%. And while public, management has been conservative resulting in its debt representing just 33.7% of assets.
Plus, THO pays a dividend yielding 1.7%. And even as the stock is beginning to draw attention, it is still valued at a 40% discount to its trailing sales. It is a buy in a tax-free account.
Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps — and into safe, top-performing income investments. Neil’s new income program is a cash-generating machine … one that can help you collect $208 every day the market’s open. Neil does not have any holdings in the securities mentioned above.
The post 4 Value Stocks to Buy That Also Pay Dividends 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. | The value stocks that I find make for very good buys, and I have a selection of some inside the model portfolios of my Profitable Investing. It should be bought in a taxable account. But again, it’s pretty easy to see through accounting abuses. | Here are four value stocks I’m recommending now: AllianceBernstein (NYSE:AB) Compass Diversified (NYSE:CODI) Kar Auction Services (NYSE:KAR) Thor Industries (NYSE:THO) Value Stocks: AllianceBernstein (AB) Source: Bloomberg AllianceBernstein (AB) Total Return AllianceBernstein is an asset management company that is set up as a limited partnership. It should be bought in a taxable account. But again, it’s pretty easy to see through accounting abuses. | Here are four value stocks I’m recommending now: AllianceBernstein (NYSE:AB) Compass Diversified (NYSE:CODI) Kar Auction Services (NYSE:KAR) Thor Industries (NYSE:THO) Value Stocks: AllianceBernstein (AB) Source: Bloomberg AllianceBernstein (AB) Total Return AllianceBernstein is an asset management company that is set up as a limited partnership. It should be bought in a taxable account. But again, it’s pretty easy to see through accounting abuses. | It should be bought in a taxable account. But again, it’s pretty easy to see through accounting abuses. Book value takes all of a company’s assets and subtracts liabilities to come to an intrinsic value. |
21622.0 | 2020-05-12 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 5/12/2020 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-5-12-2020-2020-05-12 | 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.
INVESTORS BANCORP INC (ISBC) is a mid-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: Investors Bancorp, Inc. is the holding company for Investors Bank (the Bank). The Bank is a New Jersey-chartered savings bank. The Bank is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities. The Bank originates multi-family loans, commercial real estate loans, commercial and industrial (C&I) loans, one- to four-family residential mortgage loans secured by one- to four-family residential real estate, construction loans and consumer loans, the majority of which are home equity loans, home equity lines of credit and cash surrender value lending on life insurance contracts. Its securities primarily include mortgage-backed securities, the United States Government and Federal Agency obligations, and other securities. Deposits are the primary source of funds used for its lending and investment activities. In addition, it uses a significant amount of borrowings.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 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: FRP Holdings, Inc. is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc., FRP Development Corp. and Florida Rock Properties, Inc. The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment). The Company's Asset Management Segment owns leases and manages warehouse and office buildings. Its Mining Royalty Lands Segment owns several properties comprising approximately 15,000 acres under lease for mining rents or royalties. Its Land Development and Construction Segment owns and monitors the parcels of land that are in various stages of development.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NUVEEN NEW YORK AMT-FR QTY MNPL INCM FD (NRK) 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: Nuveen New York AMT-Free Quality Municipal Income Fund is a closed-end management investment company. The Fund's investment objectives is to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals and New York income tax and to enhance portfolio value. The Fund Seeks to provide attractive monthly tax-free income, portfolio diversification and attractive after tax total returns. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes, including the alternative minimum tax (AMT). The Fund invests approximately 80% of its managed assets in securities rated, at the time of investment, investment grade or if they are unrated, are judged by the manager to be of comparable quality. The Funds' investment advisor is Nuveen Fund Advisors, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
UNITED COMMUNITY BANKS, INC. (UCBI) 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: United Community Banks, Inc. (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee. The community banks offer a range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services. The Company operates through its subsidiary, United Community Bank, Blairsville, Georgia (the Bank) and Four Oaks Bank & Trust Company. The Bank owns an insurance agency, United Community Insurance Services, Inc., known as United Community Advisory Services, which is a subsidiary of the Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
PJT PARTNERS INC (PJT) is a small-cap growth stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 81% 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: PJT Partners Inc. is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds. Its advisory business offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements and distressed sales. Its Restructuring and Special Situations Group's services include advising companies, creditors and financial sponsors on recapitalizations, reorganizations, exchange offers, debt repurchases, capital raises, and distressed mergers and acquisitions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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. 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
AMERIPRISE FINANCIAL, INC. (AMP) 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 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: Ameriprise Financial, Inc. is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services. The retail products and services that use the Ameriprise Financial brand include those that it provides through its advisors (financial planning, investment advisory accounts and retail brokerage services) and products and services that the Company markets directly to consumers or through affinity groups (personal auto and home insurance). The Company uses its RiverSource brand for its annuity and protection products issued by the RiverSource Life companies, including its life and disability income insurance 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
MERCANTILE BANK CORP. (MBWM) 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: Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The Bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. The Bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers, and safe deposit facilities are available at its office locations. The Bank's commercial lending group originates commercial loans and leases primarily in its market areas. The Bank's primary deposit products are checking, savings and term certificate 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
METLIFE INC (MET) is a large-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Peter Lynch changed from 83% 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: MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The Company's segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses. Its Asia segment offers products, including life insurance; accident and health insurance, and retirement and savings products. Latin America offers products, including life insurance, and retirement and savings products. Life insurance includes universal, variable and term life products. EMEA offers products, including life insurance, accident and health insurance, retirement and savings products, 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ACUITY BRANDS, INC. (AYI) is a mid-cap value stock in the Furniture & Fixtures 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: Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America. It offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, industrial, infrastructure and residential applications. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED (OLED), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane. The Company also offers indoor mapping and location platform that supports navigation 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NUVEEN CALIFORNIA QUALITY MUNCPL INCMFND (NAC) 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: Nuveen California Quality Municipal Income Fund, formerly Nuveen California Dividend Advantage Municipal Fund, is a closed-ended fund. The Fund provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. It seeks current income exempt from both regular federal income taxes and California personal income tax and its secondary investment objective is the enhancement of portfolio value. It invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund invests in sectors, including tax obligation/general, tax obligation/limited, healthcare, the United States guaranteed, water and sewer, transportation, consumer staples, education and civic organizations, and housing/multifamily.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CATHAY GENERAL BANCORP (CATY) 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: Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc., and Asia Realty Corp. The Company also owns the common stock of five statutory business trusts created for issuing capital securities. The Bank primarily services individuals, professionals and small to medium-sized businesses in the local markets and provides commercial mortgage loans, commercial loans, small business administration (SBA) loans, residential mortgage loans, real estate construction loans, home equity lines of credit and installment loans to individuals for automobile, household and other consumer expenditures. The Bank offers passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit and public funds 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ELECTRONIC ARTS INC. (EA) is a large-cap value stock in the Software & Programming 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: Electronic Arts Inc. develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company's games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed. The Company markets and sells its games and services through retail channels and through digital distribution channels. The Company's PC games and additional content can be downloaded directly through its Origin online platform, as well as through third-party online download stores. Its mobile, tablet and PC free-to-download games and additional content are available through third-party application storefronts, such as the Apple Application Store and Google Play.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Peter Lynch has returned 299.02% vs. 194.76% for the S&P 500. For more details on this strategy, click here
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. |
21623.0 | 2020-05-06 00:00:00 UTC | Ex-Dividend Reminder: Independent Bank Group, AllianceBernstein Holding and Federated Hermes | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-independent-bank-group-alliancebernstein-holding-and-federated | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 5/8/20, Independent Bank Group Inc. (Symbol: IBTX), AllianceBernstein Holding LP (Symbol: AB), and Federated Hermes Inc (Symbol: FHI) will all trade ex-dividend for their respective upcoming dividends. Independent Bank Group Inc. will pay its quarterly dividend of $0.25 on 5/21/20, AllianceBernstein Holding LP will pay its quarterly dividend of $0.64 on 5/28/20, and Federated Hermes Inc will pay its quarterly dividend of $0.27 on 5/15/20. As a percentage of IBTX's recent stock price of $29.18, this dividend works out to approximately 0.86%, so look for shares of Independent Bank Group Inc. to trade 0.86% lower — all else being equal — when IBTX shares open for trading on 5/8/20. Similarly, investors should look for AB to open 2.84% lower in price and for FHI to open 1.16% lower, all else being equal.
Below are dividend history charts for IBTX, AB, and FHI, showing historical dividends prior to the most recent ones declared.
Independent Bank Group Inc. (Symbol: IBTX):
AllianceBernstein Holding LP (Symbol: AB):
Federated Hermes Inc (Symbol: FHI):
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 3.43% for Independent Bank Group Inc., 11.35% for AllianceBernstein Holding LP, and 4.63% for Federated Hermes Inc.
In Wednesday trading, Independent Bank Group Inc. shares are currently up about 0.9%, AllianceBernstein Holding LP shares are up about 1.4%, and Federated Hermes Inc shares are up about 5.8% 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 5/8/20, Independent Bank Group Inc. (Symbol: IBTX), AllianceBernstein Holding LP (Symbol: AB), and Federated Hermes Inc (Symbol: FHI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AB to open 2.84% lower in price and for FHI to open 1.16% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/8/20, Independent Bank Group Inc. (Symbol: IBTX), AllianceBernstein Holding LP (Symbol: AB), and Federated Hermes Inc (Symbol: FHI) will all trade ex-dividend for their respective upcoming dividends. Independent Bank Group Inc. (Symbol: IBTX): AllianceBernstein Holding LP (Symbol: AB): Federated Hermes Inc (Symbol: FHI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AB to open 2.84% lower in price and for FHI to open 1.16% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/8/20, Independent Bank Group Inc. (Symbol: IBTX), AllianceBernstein Holding LP (Symbol: AB), and Federated Hermes Inc (Symbol: FHI) will all trade ex-dividend for their respective upcoming dividends. Independent Bank Group Inc. (Symbol: IBTX): AllianceBernstein Holding LP (Symbol: AB): Federated Hermes Inc (Symbol: FHI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AB to open 2.84% lower in price and for FHI to open 1.16% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 5/8/20, Independent Bank Group Inc. (Symbol: IBTX), AllianceBernstein Holding LP (Symbol: AB), and Federated Hermes Inc (Symbol: FHI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AB to open 2.84% lower in price and for FHI to open 1.16% lower, all else being equal. Below are dividend history charts for IBTX, AB, and FHI, showing historical dividends prior to the most recent ones declared. |
21624.0 | 2020-04-28 00:00:00 UTC | AllianceBernstein Holding Q1 20 Earnings Conference Call At 8:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-q1-20-earnings-conference-call-at-8%3A00-am-et-2020-04-28 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on April 28, 2020, to discuss Q1 20 earnings results.
To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations
To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International), Conference ID# is 9592750.
For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 9592750.
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 8:00 AM ET on April 28, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International), Conference ID# is 9592750. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 9592750. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on April 28, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International), Conference ID# is 9592750. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 9592750. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on April 28, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International), Conference ID# is 9592750. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 9592750. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on April 28, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International), Conference ID# is 9592750. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International), Conference ID#: 9592750. |
21625.0 | 2020-04-28 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-2020-04-28 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for its first quarter that rose from last year.
The company's bottom line came in at $194.32 million, or $0.63 per share. This compares with $149.11 million, or $0.49 per share, in last year's first quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $62.60 million or $0.64 per share for the period.
Analysts had expected the company to earn $0.59 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 $874.16 million from $795.46 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q1): $62.60 Mln. vs. $46.93 Mln. last year. -EPS (Q1): $0.64 vs. $0.49 last year. -Analysts Estimate: $0.59 -Revenue (Q1): $874.16 Mln vs. $795.46 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) announced a profit for its first quarter that rose from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $62.60 million or $0.64 per share for the period. Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for its first quarter that rose from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $62.60 million or $0.64 per share for the period. The company's revenue for the quarter rose 9.9% to $874.16 million from $795.46 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for its first quarter that rose from last year. This compares with $149.11 million, or $0.49 per share, in last year's first quarter. The company's revenue for the quarter rose 9.9% to $874.16 million from $795.46 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for its first quarter that rose from last year. This compares with $149.11 million, or $0.49 per share, in last year's first quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $62.60 million or $0.64 per share for the period. |
21626.0 | 2020-03-24 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 3/24/2020 | AB | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-3-24-2020-2020-03-24 | 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 small-cap value stock in the Investment Services 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: 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: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
INTERFACE, INC. (TILE) is a small-cap value stock in the Textiles - Non Apparel 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: Interface Inc. is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific. The Company distributes its products through two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. It also sells its TacTiles carpet tile installation system, along with a range of traditional adhesives and products for carpet installation and maintenance that are manufactured by a third party. It also provides turnkey project management services for national accounts and other customers through its InterfaceSERVICES 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: FAIL
EPS GROWTH: PASS
FUTURE EPS GROWTH: PASS
SALES GROWTH: PASS
TOTAL RETURN/PE: PASS
FREE CASH FLOW: PASS
EPS PERSISTENCE: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NORWEGIAN CRUISE LINE HOLDINGS LTD (NCLH) is a mid-cap value stock in the Recreational Activities 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: Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company's brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. The Company's brands offer various features, amenities, and activities, including various accommodations, multiple dining venues, bars and lounges, spa, casino and retail shopping areas and various entertainment choices. All the brands offer a selection of shore excursions at each port of call, as well as hotel packages for stays before or after a voyage. As of December 31, 2016, its Norwegian offered 14 ships that were purpose-built to deliver the Freestyle Cruising product, which offered freedom, flexibility and choice to its guests.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on John Neff has returned 129.40% vs. 101.84% for the S&P 500. For more details on this strategy, click here
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. |
21627.0 | 2020-03-23 00:00:00 UTC | AllianceBernstein Holding is Oversold | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-is-oversold-2020-03-23 | 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 excellent rank, in the top 25% 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 $14.02 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of AllianceBernstein Holding LP, the RSI reading has hit 28.4 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 27.6. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AB's recent annualized dividend of 3.4/share (currently paid in quarterly installments) works out to an annual yield of 19.93% based upon the recent $17.06 share price.
A bullish investor could look at AB's 28.4 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 28.4 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 excellent rank, in the top 25% 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 $14.02 per share. | Indeed, AB's recent annualized dividend of 3.4/share (currently paid in quarterly installments) works out to an annual yield of 19.93% based upon the recent $17.06 share price. AllianceBernstein Holding LP (Symbol: AB) presently has an excellent rank, in the top 25% 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 $14.02 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 excellent rank, in the top 25% 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 $14.02 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 $14.02 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 excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. |
21628.0 | 2020-03-13 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 3/13/2020 | AB | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-3-13-2020-2020-03-13 | 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.
ALASKA AIR GROUP, INC. (ALK) is a mid-cap value stock in the Airline 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: Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska), Virgin America Inc., Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska's and Virgin America's scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba. Its Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchased arrangements (CPAs). Its Horizon segment includes the capacity sold to Alaska under CPA. Alaska and Virgin America operate fleets of narrowbody passenger jets. As of December 31, 2016, it maintained two frequent flyer plans: the Alaska Airlines Mileage Plan and the Virgin America Elevate.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
AMERICAN ELECTRIC POWER COMPANY INC (AEP) is a large-cap growth stock in the Electric Utilities 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: American Electric Power Company, Inc. (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company's public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. AEP's vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers. Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers. AEP Transmission Holdco develops, constructs and operates transmission facilities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
MICROSOFT CORPORATION (MSFT) is a large-cap growth stock in the Software & Programming 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: Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company's segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers. It also designs, manufactures, and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories, that integrate with its cloud-based offerings. It offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and it provides solution support and consulting 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: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
INTERNATIONAL PAPER CO (IP) is a large-cap value stock in the Paper & Paper 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: International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company operates through it four segments: Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging. The Company is a manufacturer of containerboard in the United States. Its products include linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft. The Company's cellulose fibers product portfolio includes fluff, market and specialty pulps. The Company is a producer of printing and writing papers. The products in Printing Papers segment include uncoated papers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
AMERICAN WOODMARK CORPORATION (AMWD) is a small-cap value stock in the Constr. - Supplies & Fixtures 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: American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes approximately 90 door designs in over 20 colors. Stock cabinets consist of cabinet interiors of varying dimensions and construction options, and a maple, oak, cherry, or hickory front frame, door and/or drawer front. The Company's products are sold under the brand names of American Woodmark, Simply Woodmark, Timberlake, Shenandoah Cabinetry, Shenandoah Value Series and Waypoint Living Spaces. The Company's primary raw materials used include hard maple, soft maple, oak, cherry, and hickory lumber and plywood.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
FIRST BANCORP (FBNC) 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: First BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 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 Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries. The Company's Analog segment's product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA). HVAL products support applications, such as automotive safety devices, touchscreen controllers, low-voltage motor drivers and integrated motor controllers. The Company's Embedded Processing segment's product line includes Processor, Microcontrollers and Connectivity. Processor products include digital signal processors (DSPs) and applications processors. DSPs perform mathematical computations to process digital data.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
1ST SOURCE CORPORATION (SRCE) 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: 1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. It is engaged in commercial banking. 1st Source Bank (Bank), its banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients. The Bank offers a range of consumer and commercial banking services through its lending operations, retail branches and fee based businesses. It provides commercial, small business, agricultural, and real estate loans to primarily business clients mainly located within its regional market area. It provides a range of consumer banking products and services through its banking centers and at 1stsource.com. It also offers insurance products through 1st Source Insurance offices. It also provides a range of trust, investment, agency, and custodial services for individual, corporate and not-for-profit 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NEW YORK TIMES CO (NYT) is a mid-cap growth stock in the Printing & Publishing industry. The rating according to our strategy based on Peter Lynch changed from 69% 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 New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company's principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms. The Company includes newspapers, print and digital products and investments. The Company's businesses include newspapers, such as The New York Times (The Times); Websites, including NYTimes.com; mobile applications, including The Times's news applications, as well as interest-specific applications, such as NYT Cooking, Crossword and others, and related businesses, such as The Times news services division, product review and recommendation Websites The Wirecutter and The Sweethome, digital archive distribution, NYT Live (its live events business) and other products and services under The Times brand.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NORDSTROM, INC. (JWN) is a mid-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: Nordstrom, Inc. is a fashion specialty retailer in the United States. The Company offers private labeled apparel, shoes, cosmetics and accessories for women, men, young adults and children. The Company serves customers through retail segment, which includes Full-Price and Off-Price businesses. The Company's operations consist of its Nordstrom U.S. and Canada full-line stores, the United States and Canada Nordstrom Rack stores, Jeffrey boutiques, Last Chance clearance stores, Trunk Club clubhouses and Nordstrom Local. Additionally, the Company's customers are also served online through Nordstrom.com, Nordstromrack.com, HauteLook and TrunkClub.com.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
SCOTTS MIRACLE-GRO CO (SMG) is a mid-cap value stock in the Chemical Manufacturing 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: The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company's segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature's Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products. In the United Kingdom, its brands include Miracle-Gro plant fertilizers; Roundup, Weedol and Pathclear herbicides; EverGreen lawn fertilizers, and Levington gardening and landscape 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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
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KFORCE INC. (KFRC) is a small-cap value stock in the Business 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: Kforce Inc. (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company's Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc. The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others. The GS segment is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting. Kforce operates through field offices located throughout the United States and one office in Manila, the Philippines. The Company offers various staffing services that consist of temporary staffing services (Flex) and permanent placement services (Direct Hire).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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SYNOPSYS, INC. (SNPS) is a large-cap growth stock in the Software & Programming 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: Synopsys, Inc. provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. It provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. It provides technical services to support its solutions and help its customers develop chips and electronic systems. It is also a provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy, and industrials. It offers products and services in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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SYSCO CORPORATION (SYY) is a large-cap value 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: Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company's segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States. Broadline operating companies distribute a full line of food products and a range of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA operating companies distribute a full line of food products and a range of non-food products to certain chain restaurant customer locations. The Other segment includes the Company's specialty produce; custom-cut meat operations; lodging industry segments; a company that distributes specialty imported products; a company that distributes to international customers, and Sysco Ventures platform.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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TYSON FOODS, INC. (TSN) is a large-cap value stock in the Food Processing 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: Tyson Foods, Inc. is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods. It operates a vertically integrated chicken production process, which consists of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Through its subsidiary, Cobb-Vantress, Inc. (Cobb), the Company is engaged in supplying poultry breeding stock across the world. It produces a range of fresh, frozen and refrigerated food products. Its products are marketed and sold by its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores and military commissaries, among 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.
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
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WASHINGTON TRUST BANCORP (WASH) 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: Washington Trust Bancorp, Inc. is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services. The Company offers a range of product lines of banking and financial services to individuals and businesses, including commercial, residential and consumer lending, retail and commercial deposit products, and wealth management services through its offices in Rhode Island, eastern Massachusetts and Connecticut; its automated teller machines (ATMs); telephone banking; mobile banking and its Internet Website (www.washtrust.com). Its investment securities portfolio amounted to $755.5 million, as of December 31, 2016. The Company's total loan portfolio amounted to $3.2 billion, 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.
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
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WATTS WATER TECHNOLOGIES INC (WTS) is a mid-cap growth stock in the Misc. Fabricated Products 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: Watts Water Technologies, Inc. is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co., is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it. Its segments include Americas, Middle East and Africa and Asia-Pacific. It four product lines include: residential and commercial flow control products, which include products for plumbing and hot water applications; heating, ventilation and air conditioning and gas products, which include boilers, water heaters and heating solutions; drainage and water re-use products, which include drainage products and engineered rain water harvesting solutions, and water quality products, which include point-of-use and point-of-entry water filtration, conditioning and scale prevention 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
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WSFS FINANCIAL CORPORATION (WSFS) 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 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: WSFS Financial Corporation is a savings and loan holding company. The Company's subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers. Its Cash Connect segment provides automated teller machine (ATM) services through strategic partnerships with several of the network, manufacturers and service providers in the ATM industry. The Wealth Management segment provides a range of fiduciary, investment management, credit and deposit products to clients. Its banking business is commercial lending funded by customer-generated deposits. It also offers a range of consumer loan products, retail securities and insurance brokerage services. Its subsidiaries include WSFS Wealth Investments, 1832 Holdings, Inc., Monarch and West Capital 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: BONUS PASS
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UNIVERSAL DISPLAY CORPORATION (OLED) is a mid-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: Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers. The Company has produced and sold phosphorescent emitter materials that produce red, yellow, green and light-blue light, which are combined in various ways for the display and lighting markets. It has also developed host materials for the emissive layer. The Company is a supplier of phosphorescent emitter materials to OLED product manufacturers. Phosphorescent OLEDs utilize specialized materials and device structures that allow OLEDs to emit light through a process known as phosphorescence.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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CAMDEN NATIONAL CORPORATION (CAC) 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 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: Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Company, through the Bank, offers commercial and consumer banking products and services, and through Camden Financial Consultants and Camden National Wealth Management, divisions of the Bank, brokerage and insurance services, as well as investment management and fiduciary services. The Bank is a national banking association. The Company had 61 banking centers, 84 automated teller machines and three lending offices as of December 31, 2016. The Company operates and manages the Bank's business within Maine's various regions, including Mid Coast, Southern, Central, Bangor and Downeast. Healthcare Professional Funding Corporation is a subsidiary of the Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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INDEPENDENT BANK CORP (MASSACHUSETTS) (INDB) 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: Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. As of November 16, 2018, the bank operated approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, the Cape and Islands, and Rhode Island. The Bank classifies loans as commercial loans, consumer real estate loans, or other consumer loans. Commercial loans consist of commercial and industrial loans, commercial real estate loans, commercial construction loans, and small business loans. The Bank offers a range of demand deposits, interest checking, money market accounts and savings 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.
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
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LAM RESEARCH CORPORATION (LRCX) is a large-cap growth stock in the Misc. Capital Goods 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: Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. Its products are designed to enable its customers build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. It offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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ING GROEP NV (ADR) (ING) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 83% 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: ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: BONUS PASS
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MAXIMUS, INC. (MMS) 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 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: MAXIMUS, Inc. provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs. The Health Services segment provides a range of BPS, as well as related consulting services, for state, provincial and national government programs. The Human Services segment provides national, state and local human services agencies with a range of BPS and related consulting services for welfare-to-work, child support, higher education and K-12 special education programs.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
TELEFONICA BRASIL SA (ADR) (VIV) is a large-cap growth stock in the Communications 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: Telefonica Brasil S.A. is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
HCA HEALTHCARE INC (HCA) is a large-cap value stock in the Healthcare Facilities 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: HCA Healthcare, Inc., formerly HCA Holdings, Inc., is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia. As of December 31, 2016, the American Group included 80 hospitals, which were located in Colorado, northern Georgia, Kansas, southern Kentucky, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee and Texas. As of December 31, 2016, the Company operated six hospitals in England. The Company owns, manages or operates hospitals, freestanding surgery centers and freestanding emergency care facilities, walk-in clinics, diagnostic and imaging centers, among 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
REXNORD CORP (RXN) is a mid-cap growth 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: Rexnord Corporation is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems. The Process & Motion Control portfolio includes motion control products, shaft management products, aerospace components and related value-added services. Its Process & Motion Control brands include Rexnord, Rex, Euroflex, Falk, FlatTop, Link-Belt, Thomas and Tollok. The Water Management platform designs, procures and markets products that provide and enhance water quality, safety, flow control and conservation. The Water Management product portfolio includes professional grade water control and safety, water distribution and drainage, finish plumbing and site works products. Its products are marketed and sold under various brand names, including Zurn, Wilkins and VAG.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Misc. Financial 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: 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
TRADEWEB MARKETS INC (TW) is a mid-cap growth 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: Tradeweb Markets Inc. is an operator of electronic marketplaces for the trading of products across the rates, credit, money markets and equities asset classes. The Company provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Its technology supports multiple asset classes, trading protocols and geographies. It provides solutions across the trade lifecycle, including pre-trade, execution, post-trade and data. It offers a range of electronic, voice and hybrid platforms to the dealers and financial institutions with its Dealerweb platform. It also offers trading solutions for financial advisory firms and traders with its Tradeweb Direct platform. The Company serves its customers in more than 60 countries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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
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FLAGSTAR BANCORP INC (FBC) 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: Flagstar Bancorp, Inc. is a savings and loan holding company. The Company's business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans. The Mortgage Servicing segment includes services and subservices mortgage loans, on a fee basis, for others. The Community Banking segment originates loans, provides deposits and fee based services to consumer, business and mortgage lending customers through its Branch Banking, Business and Commercial Banking, Government Banking, Warehouse Lending and Held-for-Investment Portfolio groups. It offers checking accounts, savings accounts, money market accounts, certificates of deposit and others. Other financial services include lines of credit, revolving credit, inventory and accounts receivable.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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MPLX LP (MPLX) is a large-cap value stock in the Oil Well Services & 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: MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products. Its segments are Logistics and Storage (L&S), and Gathering and Processing (G&P). The L&S segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. As of December 31, 2017, the G&P segment operated various natural gas gathering systems that had a combined 5,439 million cubic feet per day (mmcf/d) throughput capacity. As of December 31, 2017, its assets included infrastructure to support MPC, including approximately 2,194 miles of crude oil and refined product pipelines across 17 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.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
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THE GEO GROUP INC (GEO) 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 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 GEO Group, Inc. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention, GEO Care, International Services, and Facility Construction & Design. The Company owns, leases and operates a range of correctional and detention facilities including maximum, medium and minimum security prisons, immigration detention centers, minimum security detention centers, as well as community based reentry facilities, and offers delivery of offender rehabilitation services under its GEO Continuum of Care platform. The GEO Continuum of Care program integrates in-prison programs, which include cognitive behavioral treatment and post-release 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.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
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SEAWORLD ENTERTAINMENT INC (SEAS) is a small-cap value stock in the Recreational Activities 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: SeaWorld Entertainment, Inc. is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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BIOTELEMETRY INC (BEAT) is a small-cap growth stock in the Healthcare Facilities 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: BioTelemetry, Inc. provides monitoring services and digital population health management in a healthcare setting, medical device manufacturing and centralized laboratory services for clinical research. The Company operates in three segments: Healthcare, Technology and Research. The Healthcare segment, operating as CardioNet, LLC and Heartcare Corporation of America, Inc., is focused on the diagnosis and monitoring of cardiac arrhythmias, or heart rhythm disorders. The Research segment, operating as Cardiocore, LLC and VirtualScopics, Inc., is engaged in laboratory services that provide cardiac monitoring, imaging services, scientific consulting and data management services for drug, medical treatment and device trials. The Technology segment, operating as Braemar Manufacturing, LLC, Universal Medical, Inc. and BioTelemetry Belgium BVBA. and BioTelemetry Technology ApS, focuses on the manufacturing, engineering and development of noninvasive cardiac monitors for healthcare companies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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SP PLUS CORP (SP) is a small-cap value stock in the Business 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: SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company's segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other. Region One (Urban) encompasses its services in healthcare facilities, municipalities, including government facilities, hotels, commercial real estate, residential communities, retail, colleges and universities, as well as ancillary services such as shuttle and transportation services, valet services, taxi and livery dispatch services. Region Two (Airport transportation) encompasses its services at all major airports, as well as ancillary services, which includes shuttle and transportation services and valet services. Region Three encompasses other operating segments, including USA Parking and event planning, including shuttle and transportation 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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
LADDER CAPITAL CORP (LADR) is a small-cap value stock in the Misc. Financial 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: Ladder Capital Corp is a commercial real estate finance company. The Company's segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment consists of all of its activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Corporate/other segment includes the Company's investments in joint ventures, other asset management activities and operating expenses. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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INSTALLED BUILDING PRODUCTS INC (IBP) is a small-cap growth stock in the Construction 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: Installed Building Products, Inc. is a holding company. The Company is a residential insulation installer in the United States. It operates The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects from its national network of approximately 175 branch locations. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business. It also provides roof installation services. The Company manages various aspects of the installation process for the customers, from the direct purchase and receipt of materials from national manufacturers, to supply of materials to job sites and quality installation. The Company's customers include production and custom homebuilders, multi-family and commercial contractors, and homeowners.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
FIRST BUSEY CORPORATION (BUSE) 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: First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St. Louis, Missouri metropolitan area, southwest Florida and through its branch in Indianapolis, Indiana. The Remittance Processing segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management segment provides a range of asset management, investment and fiduciary services to individuals, businesses and foundations, philanthropic advisory services and farm and brokerage services. The Company conducts the business of banking and related services through Busey Bank. The Company's subsidiaries also include First Community Financial Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
LYONDELLBASELL INDUSTRIES NV (LYB) is a large-cap value stock in the Chemical Manufacturing 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: LyondellBasell Industries N.V. is a plastics, chemicals and refining company. The Company operates through its Advanced Polymer Solutions segment. It produces olefins and polyethylene (PE) and polypropylene (PP), high density polyethylene (HDPE), low density polyethylene (LDPE) and linear low density polyethylene (LLDPE). It produces PP homopolymers, PP impact copolymers and PP random copolymers. PP compounds are produced from blends of polyolefins and additives and are sold to the automotive and home appliances industries. Its engineered composites are lightweight, materials that are used in infrastructure, aerospace and automotive applications such as headlamps. It also manufactures powders, which is a specialty particle materials used in coatings, rotational molding, toll compounding and other technical applications. Masterbatches is a coloring and additive materials used in the production of paper, paint and plastic goods around 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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
US FOODS HOLDING CORP (USFD) is a mid-cap value stock in the Food Processing 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: US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc. (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. As of December 31, 2016, the Company provided approximately 400,000 fresh, frozen, and dry food stock-keeping units (SKUs), as well as non-food items, sourced from over 5,000 suppliers. As of January 31, 2017, it maintained 75 primary operating facilities, consisting of its 60 distribution centers and other supporting facilities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CAPSTAR FINANCIAL HOLDINGS INC (CSTR) 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: CapStar Financial Holdings, Inc. is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company's lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking. Its products and services include commercial and industrial loans to small and medium sized businesses, with a particular focus on businesses operating in the healthcare industry; commercial real estate loans; private banking and wealth management services for the owners and operators of business clients and other high net worth individuals, and correspondent banking services. As of June 30, 2016, the Company had seven locations, five of which are retail bank branches and two of which are mortgage origination 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
RMR GROUP INC (RMR) is a small-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 89% 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: The RMR Group Inc. is a holding company. The Company's business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company's segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings. As of June 30, 2016, RMR LLC managed over 1,300 properties, which were located in 48 states, Washington, District of Columbia, Puerto Rico 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: NEUTRAL
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: BONUS PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
GLOBAL CORD BLOOD CORP (CO) is a small-cap value stock in the Healthcare Facilities 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: Global Cord Blood Corporation, formerly China Cord Blood Corporation, is a provider of cord blood banking services in China. The Company and its subsidiaries are principally engaged in the provision of umbilical cord blood storage and ancillary services in the People's Republic of China. It provides cord blood testing, processing and storage services under the direction of subscribers for a cord blood processing fee and a storage fee. It also tests, processes and stores donated cord blood, and provides matching services to the public for a fee. The Company provides cord blood processing and storage services for expectant parents interested in capturing the opportunities made available by evolving medical treatments and technologies, such as cord blood transplants. It also preserves cord blood units donated by the public; provides matching services on such donated units, and delivers matching units to patients in need of transplants.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
BOOKING HOLDINGS INC (BKNG) is a large-cap value stock in the Business 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: Booking Holdings Inc., formerly The Priceline Group Inc., is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands. Its other brands include KAYAK, Rentalcars.com and OpenTable, Inc. (OpenTable). As of December 31, 2016, Booking.com offered accommodation reservation services for over 1,115,000 properties in over 220 countries and territories on its various Websites and in over 40 languages, which included over 568,000 vacation rental 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
GRANITE POINT MORTGAGE TRUST INC (GPMT) is a small-cap value stock in the Consumer Financial 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: Granite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CBTX INC (CBTX) 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: CBTX, Inc. is a bank holding company for Community Bank of Texas, N.A., offering commercial banking solutions to local small and mid-sized businesses and professionals in Houston, Beaumont and surrounding communities in southeast Texas. The Bank operates 18 branches located in the Houston market and its Beaumont market presence includes 15 branches. The Bank delivers tailored financial products and services to its customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a small-cap value stock in the Retail (Specialty) 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: Asbury Automotive Group, Inc. is an automotive retailer in the United States. The Company owns and operates approximately 88 dealerships, consisting of 107 franchises, representing 31 domestic and foreign brands of vehicles. It also operates approximately 25 collision repair centers. In addition, it owns and operates two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
MIDWESTONE FINANCIAL GROUP INC (IOWA) (MOFG) 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: MidWestOne Financial Group, Inc. is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc. that operates through three agencies located in central and east-central Iowa. As of May 1, 2019, the Bank operated a total of 62 banking offices in Iowa, Minnesota, Wisconsin, Colorado and Florida. It provides full service retail banking in the communities in which its branch offices are located and also offers trust and investment management services. The Bank offers deposit products, including checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. The Bank offers commercial and industrial, agricultural, real estate mortgage 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.
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
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FIRST BANCORP INC (FNLC) 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: The First Bancorp, Inc. is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, a division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes. The Bank also offers automated teller machine (ATM) processing services. The Bank offers a range of loans, such as commercial loans, including real estate loans, construction loans and other loans; municipal loans; residential loans, including term loans and construction loans; home equity line of credit, and consumer loans. The Bank offers various deposits, such as demand deposits, negotiable order of withdrawal (NOW) accounts, money market accounts, savings and certificates of 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.
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
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NORTHWEST BANCSHARES, INC. (NWBI) is a small-cap value stock in the S&Ls/Savings 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: Northwest Bancshares, Inc. (Northwest) is a savings and loan holding company. The Company's principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its segments include Community Banking and Consumer Finance. The Community Banking segment includes its savings bank subsidiary, Northwest Bank, as well as the subsidiaries of the savings bank that provide similar products and services. The bank is a community-oriented institution that offers a range of personal and business deposit and loan products, including mortgage, consumer, and commercial loans, as well as trust, investment management, actuarial and benefit plan administration, and brokerage services typically offered by a full service financial institution. The Consumer Finance segment comprises Northwest Consumer Discount Company, a subsidiary of Northwest Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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PIEDMONT OFFICE REALTY TRUST, INC. (PDM) 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: Piedmont Office Realty Trust, Inc. is an integrated self-managed real estate investment trust (REIT). The Company's business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. The Company owns and operates approximately 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture. Its properties are located in areas, including New York, Chicago, Atlanta, Dallas, Boston, Minneapolis and Orlando. Its tenant base includes industries, such as business services, depository institutions, educational services, real estate, legal services and insurance carriers. The Company conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP). It performs the management of its buildings through its subsidiaries, including Piedmont Government Services, LLC and Piedmont Office 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.
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
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SOLAR CAPITAL LTD. (SLRC) is a small-cap value stock in the Misc. Financial 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: Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies. It invests in leveraged middle market companies in the form of senior secured loans, unitranche loans, mezzanine loans and equity securities. It may also invest in public companies that are thinly traded. Its business is focused primarily on the direct origination of investments through portfolio companies or their financial sponsors. Its investments generally range between $5 million and $100 million each. In addition, the Company may invest a portion of its portfolio in other types of investments, which it refers to as opportunistic investments. The Company's investment activities are managed by Solar Capital Partners, LLC (Solar Capital Partners or the Investment Advisor).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
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RUTH'S HOSPITALITY GROUP, INC. (RUTH) is a small-cap value stock in the Restaurants 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: Ruth's Hospitality Group, Inc. develops and operates fine dining restaurants under the name, Ruth's Chris Steak House. The Company operates through two segments. As of December 25, 2016, the Company-owned steakhouse restaurant segment included 68 Ruth's Chris Steak House restaurants and one Ruth's Chris Steak House restaurant, and the franchise operations segment included 81 franchisee-owned Ruth's Chris Steak House restaurants. Its restaurant's menu features a selection of Prime and Choice grade steaks, and other offerings. Its menu also includes lamb chops, fish, shrimp, crab, chicken and lobster. Its Ruth's Chris restaurants offer 10 to 13 appetizer items, including Orleans-style barbequed shrimp, mushrooms stuffed with crabmeat, lobster bisque and osso bucco ravioli. It also offers a range of potatoes and vegetables as side dishes. For dessert, creme brulee, white chocolate bread pudding, cheesecake, fresh seasonal berries with sweet cream sauce and other selections are available.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ACCO BRANDS CORPORATION (ACCO) is a small-cap value stock in the Office Supplies 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: ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company's brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones. The Company's ACCO Brands North America and ACCO Brands International design, market, source, manufacture and sell traditional office products, academic supplies and calendar products. ACCO Brands North America consists of the United States and Canada, and ACCO Brands International consists of the rest of the world, primarily Northern Europe, Australia, Brazil and Mexico. Its Computer Products Group designs, sources, distributes, markets and sells accessories for laptop and desktop computers and tablets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
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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. 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.
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
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PENSKE AUTOMOTIVE GROUP, INC. (PAG) is a mid-cap value stock in the Retail (Specialty) 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: Penske Automotive Group, Inc. is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand. The Company's segments include Retail Automotive, consisting of its retail automotive dealership operations; Retail Commercial Truck, consisting of its retail commercial truck dealership operations in the United States and Canada; Other, consisting of its commercial vehicle and power systems distribution operations and other non-automotive consolidated operations, and Non-Automotive Investments, consisting of its equity method investments in non-automotive operations. The Company holds interests in Penske Truck Leasing Co., L.P. (PTL), a provider of transportation services and supply chain 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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
LULULEMON ATHLETICA INC (LULU) is a large-cap growth stock in the Retail (Apparel) 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: lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements. Its direct to consumer segment generates revenue from its lululemon and ivivva e-commerce Websites, www.lululemon.com and www.ivivva.com, and other country and region specific Websites. It offers a range of apparel and accessories for women, men and female youth. The Company's apparel assortment includes items, such as pants, shorts, tops, and jackets designed for healthy lifestyle and athletic activities, such as yoga, running, training, most other sweaty pursuits, and athletic wear for female youth. The Company also offers fitness-related accessories, including an array of items, such as bags, socks, underwear, yoga mats and water bottles.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CENTERPOINT ENERGY, INC. (CNP) is a mid-cap value stock in the Natural Gas Utilities 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: CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers. Its Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. Its Energy Services segment includes non-rate regulated gas sales and transportation and storage services for commercial and industrial customers. Its Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. Its Other Operations segment includes office buildings and other real estate used in its business operations and other corporate operations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 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: Trex Company, Inc. is a manufacturer of wood-alternative decking and railing products. The Company's products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. Its decking products include Trex Transcend, Trex Enhance and Trex Select. The Company's railing products include Trex Transcend Railing, Trex Select Railing and Trex Signature aluminum railing. It offers Trex Transcend Porch Flooring and Railing System, which is an integrated system of porch components and accessories. The Company offers Trex Seclusions fencing product, which consists of structural posts, bottom rail, pickets, top rail and decorative post caps. It offers a triple-coated steel deck framing system called Trex Elevations. The Company also offers outdoor lighting systems, such as Trex DeckLighting and Trex Landscape Lighting.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
TC PIPELINES, LP (TCP) is a mid-cap value stock in the Natural Gas Utilities 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: TC PipeLines, LP is a master limited partnership. The Company acquires, owns and participates in the management of energy infrastructure businesses in North America. The Company's pipeline systems transport natural gas in the United States. As of December 31, 2016, the Company had four pipelines and equity ownership interests in three natural gas interstate pipeline systems that are collectively designed to transport approximately 9.1 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western, Midwestern and Eastern United States. The Company's pipeline systems include Gas Transmission Northwest LLC (GTN), Bison Pipeline LLC (Bison), North Baja Pipeline, LLC (North Baja), Tuscarora Gas Transmission Company (Tuscarora), Northern Border Pipeline Company (Northern Border), Portland Natural Gas Transmission System (PNGTS), and Great Lakes Gas Transmission Limited Partnership (Great Lakes).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
LAKELAND BANCORP, INC. (LBAI) 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: Lakeland Bancorp, Inc. is the bank holding company for Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities. Through Lakeland, the Company offers a range of lending, depository and related financial services to individuals and small to medium sized businesses located in northern and central New Jersey. Lakeland's equipment financing division provides a solution to small and medium sized companies preferring to lease equipment over other financial alternatives. Lakeland's asset based loan department provides commercial borrowers with another lending alternative. It also offers wire transfer, Internet banking, mobile banking and night depository 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
INTUITIVE SURGICAL, INC. (ISRG) is a large-cap growth stock in the Medical Equipment & Supplies 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: Intuitive Surgical, Inc. (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company's da Vinci Surgical System consists of a surgeon's console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon's hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation capability and three-dimensional (3-D), high-definition (HD) vision. Intuitive has four generations of da Vinci Surgical System: the da Vinci Xi Surgical System, the da Vinci Si Surgical System, the da Vinci S Surgical System and the standard da Vinci Surgical System. The Company's instruments and accessories include EndoWrist Instruments and da Vinci Single-Site.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ALIGN TECHNOLOGY, INC. (ALGN) is a large-cap growth stock in the Medical Equipment & Supplies 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: Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Teen and Assist (Comprehensive Products), Express/Lite (Non-Comprehensive Products) and Vivera Retainers, along with its training and ancillary products for treating malocclusion (Non-Case). The Scanner segment consists of intra-oral scanning systems and other services available with the intra-oral scanners that provide digital alternatives to the traditional cast models. The Scanner segment includes its iTero scanner and OrthoCAD 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: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NORWOOD FINANCIAL CORPORATION (NWFL) 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: Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County. The Bank offers various personal and business credit services, trust and investment products, and real estate settlement services to the consumers, businesses, nonprofit organizations and municipalities in each of the communities that the Bank serves. The Bank primarily serves the Pennsylvania counties of Wayne, Pike, Monroe and Lackawanna, as well as the Susquehanna County. In addition, the Bank operates approximately 20 automated teller machines. The Bank operates a Wealth Management/Trust Department, which provides estate planning, investment management and financial planning to customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, 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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ELLINGTON FINANCIAL INC (EFC) is a small-cap value stock in the Consumer Financial 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: Ellington Financial Inc, formerly Ellington Financial LLC is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company invests in a range of financial assets, including residential and commercial mortgage-backed securities, residential and commercial mortgage loans, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments, collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); commercial mortgage-backed securities (CMBS) commercial mortgage loans; residential mortgage loans; collateralized loan obligations; corporate debt and equity, including distressed debt and equity, and mortgage-related 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Peter Lynch has returned 252.33% vs. 149.54% for the S&P 500. For more details on this strategy, click here
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. |
21629.0 | 2020-02-28 00:00:00 UTC | AllianceBernstein Holding Breaks Below 200-Day Moving Average - Notable for AB | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-breaks-below-200-day-moving-average-notable-for-ab-2020-02-28 | nan | nan | In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $29.84, changing hands as low as $28.40 per share. AllianceBernstein Holding LP shares are currently trading down about 5.7% 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 $26.29 per share, with $36.06 as the 52 week high point — that compares with a last trade of $28.83.
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 Friday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $29.84, changing hands as low as $28.40 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 $26.29 per share, with $36.06 as the 52 week high point — that compares with a last trade of $28.83. AllianceBernstein Holding LP shares are currently trading down about 5.7% on the day. | In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $29.84, changing hands as low as $28.40 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 $26.29 per share, with $36.06 as the 52 week high point — that compares with a last trade of $28.83. AllianceBernstein Holding LP shares are currently trading down about 5.7% on the day. | In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $29.84, changing hands as low as $28.40 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 $26.29 per share, with $36.06 as the 52 week high point — that compares with a last trade of $28.83. AllianceBernstein Holding LP shares are currently trading down about 5.7% on the day. | In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $29.84, changing hands as low as $28.40 per share. AllianceBernstein Holding LP shares are currently trading down about 5.7% 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 $26.29 per share, with $36.06 as the 52 week high point — that compares with a last trade of $28.83. |
21630.0 | 2020-02-24 00:00:00 UTC | October 16th Options Now Available For AllianceBernstein Holding (AB) | AB | https://www.nasdaq.com/articles/october-16th-options-now-available-for-alliancebernstein-holding-ab-2020-02-24 | nan | nan | Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AB options chain for the new October 16th contracts and identified the following put contract of particular interest.
The put contract at the $30.00 strike price has a current bid of 10 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $29.90 (before broker commissions). To an investor already interested in purchasing shares of AB, that could represent an attractive alternative to paying $32.09/share today.
Because the $30.00 strike represents an approximate 7% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.33% return on the cash commitment, or 0.52% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for AllianceBernstein Holding LP, and highlighting in green where the $30.00 strike is located relative to that history:
The implied volatility in the put contract example above is 64%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $32.09) to be 22%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AB options chain for the new October 16th contracts and identified the following put contract of particular interest. | Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 16th expiration. Below is a chart showing the trailing twelve month trading history for AllianceBernstein Holding LP, and highlighting in green where the $30.00 strike is located relative to that history: The implied volatility in the put contract example above is 64%. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. | One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AB options chain for the new October 16th contracts and identified the following put contract of particular interest. Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 16th expiration. | At Stock Options Channel, our YieldBoost formula has looked up and down the AB options chain for the new October 16th contracts and identified the following put contract of particular interest. Investors in AllianceBernstein Holding LP (Symbol: AB) saw new options become available today, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. |
21631.0 | 2020-02-13 00:00:00 UTC | Validea Martin Zweig Strategy Daily Upgrade Report - 2/13/2020 | AB | https://www.nasdaq.com/articles/validea-martin-zweig-strategy-daily-upgrade-report-2-13-2020-2020-02-13 | 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.
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 74% 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: 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: 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: FAIL
INSIDER TRANSACTIONS: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 Martin Zweig changed from 69% 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: 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.
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
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Martin Zweig has returned 429.58% vs. 239.95% for the S&P 500. For more details on this strategy, click here
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 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 following table summarizes whether the stock meets each of this strategy's tests. | A score 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 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 following table summarizes whether the stock meets each of this strategy's tests. | A score 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. |
21632.0 | 2020-02-12 00:00:00 UTC | AllianceBernstein Holding (AB) Q4 2019 Earnings Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-ab-q4-2019-earnings-call-transcript-2020-02-13 | nan | nan | Image source: The Motley Fool.
AllianceBernstein Holding (NYSE: AB)
Q4 2019 Earnings Call
Feb 12, 2020, 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 2019 earnings review. [Operator instructions] 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 your host for this call, head of investor relations for AB, Mr. Mark Griffin.
Please go ahead.
Mark Griffin -- Head of Investor Relations
Thank you, Jody. Good morning, everyone, and welcome to our fourth-quarter 2019 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; John Weisenseel, our CFO; and Jim Gingrich, our COO, will present our results and take questions after our prepared remarks.
Some of the information we will 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 1 of our presentation. You can also find our safe harbor language in the MD&A of our 2019 10-K, 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.
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So please ask all such questions during this call. Now I will turn it over to Seth.
Seth Bernstein -- President and Chief Executive Officer
Good morning. Thank you for joining us today. I'm pleased to report our 2019 results reflected broad-based strength across AB. Firmwide active net inflows were $8.1 billion in the fourth quarter bringing full year active net inflows to $29.7 billion, which translates to a 6.5% active annualized organic growth rate, our best year in more than a decade.
Flows were driven by a very strong year in fixed income and the continuing success with active equities, which were well diversified across channels and regions. And in an environment of declining fee rates, AB's overall portfolio fee rate remained fairly stable, thanks to a favorable mix change. Now let's get into the specifics. Starting with a firmwide overview on Slide 3.
Annual gross sales of $103.7 billion in 2019 were up $10 billion or 11% from 2018. The retail channel was robust, reflecting high demand for global fixed-income products throughout 2019. Total firmwide net inflows were $25.2 billion for the year, comprised of $29.7 billion in active net inflows and 4.5 billion in our passive net outflows. Combined with strong markets and strong -- solid investment performance, our year-end assets under management of $623 billion increased 21% from the prior year.
We also reported strong net inflows for January this morning, a continuation of trends we saw in 2019. Slide 4 shows our quarterly flow trend by channel. Firmwide net inflows of $6.5 billion consisted of $8.1 billion in active net inflows, partially offset by $1.6 billion of passive net flows. Net inflows were positive for the sixth consecutive quarter driven by healthy retail and solid Institutional results, while the private wealth flows were essentially flat.
In retail, gross sales of $18.9 billion were the second highest in our retail history, eclipsed only in the prior quarter. And retail net inflows of $5.2 billion exceeded $5 billion for the fourth consecutive quarter. In the bottom left chart, you can see Institutional gross sales of $5.4 billion increased sequentially, resulting in net inflows of $1.4 billion as active equity inflows of $2.6 billion grew at an annualized rate of 27%. And in private wealth, gross sales and redemptions both improved relative to sequential and prior year periods.
Slide 5 is an annual flows view. Firmwide net inflows of $25.2 billion were the best we produced since before the global financial crisis and were led by retail, which had net inflows of $23.8 billion. Institutional had net inflows of $2.4 billion, and private wealth flows contracted by $1 billion, following three years of growth. Now let's turn to investment performance beginning on Slide 6.
In fixed income, global diversified approach has continued to drive highly competitive risk-adjusted returns with 81% of assets outperforming over three years and 92% of assets outperforming over five years. Our one-year performance improved to 86% of assets outperforming, led by our global high-yield fund, AB income and global bond funds. The barbell approach in our multi-sector funds, which includes exposure to high-yield combined, with outperformance of risk assets in the fourth quarter, contributed to these results. In Equities, our long-term investment performance also remained strong with 62% of assets outperforming over three years and 84% over five years.
In the most recent one-year period, 43% of assets outperformed. The large-cap growth of the [Inaudible] and in quality bias, combined with its higher cash position, led to underperformance. In our strategic equities portfolio, lower beta caused us to trail the market as it did in our -- as did under exposure to more cyclical sectors such as semiconductors. Slides 7 and 8 provide more insight on retail, fixed income, and equity investment performance.
The fixed income table on Slide 7 reflects that our track records are compelling across the near, mid and long-term horizons. Performance in our income portfolios have been particularly very strong, both American income and European income are well within the top quartile for each of the one-, three- and five periods. The income fund is top decile for the one-, three- and five periods. And our municipal strategy show consistent outperformance with municipal bond inflation and intermediate diversified muni strategies in the top decile for each of their comparable periods and the high-income portfolio in the top quartile for the one-, three- and five-year periods.
Moving to equities on Slide 8, among our offshore offerings, our concentrated global, global core in select U.S. long-short strategies continue to place in the top quartile in all-time periods. And global low-vol was in the top decile for the three- and five-year time periods. Of our U.S.
retail funds, our concentrated U.S. and international growth portfolios were both in the top decile over the 1-year period while maintaining strong performance over the three- and five-year periods. And our large-cap growth [Inaudible] to be maintained top quartile performance over the three- and five-year period. And within our value offerings, we continued to underperform.
While emerging markets growth service experienced to rebound in one year performance. Let's move on to our client channels, beginning with retail on Slide 9. We enjoyed tremendous success this year following years of investment in our retail platform. Our overall sales of 75.3 billion were up 39% year over year and surpassed our prior record by $19 billion or 34%.
As the top left chart shows, while also exhibiting particular strength in Asia, sales grew in all regions versus the prior period, and net flows were positive in each region as well. Full year active net inflows were $27.2 billion, exceeding $5 billion in each quarter of 2019. These results were led by our fixed income platform, which saw active net inflows of $23.6 billion or a 31% organic growth. We have ranked third out of 412 peers in cross-border retail net fixed income flows.
Turning to Equities. Our active equity platform grew its net flows $3.4 billion, the third consecutive year of organic growth. We've demonstrated consistency with active equity net inflows in 11 of the past 12 quarters. We continued to show significant diversity inflows of 33 funds, attracted net inflows of $100 million or more in the year, 17 of them equities, 14 fixed income and on two multi-asset.
At year-end, AB retail assets under management were $239 billion, an all-time high, up 32% versus the prior year. And 55 retail offerings had more than $1 billion in assets under management. Our U.S. retail active equity net inflows for the year were excellent.
AB ranked six out of 455 asset managers. The international equity and taxable fixed income platforms, both ranked in the top decile of flows and our municipal bond and liquid alt strategies placed in the mid-teen percentiles for net flows versus peers. These are distinguished results. We also continued to see success in our multi-asset strategies, and particularly those oriented toward income, as exemplified by our all-market Lux fund, which had -- we approved for 15 platforms in 2019 and just surpassed over $1 billion in AUM with over $700 million in gross sales during the year.
Now I will discuss institutional on Slide 10. Gross sales for the year were $17.1 billion, with net flows of $2.4 billion, comprised of $3.8 billion active net inflows, partially offset by $1.4 billion of passive outflows. Our sales continued to be led by our active equity platform, which is $9.2 billion, were up 25% versus the prior year, our best year since 2008. It's worth noting that gross sales have exceeded $1 billion for nine of the past 10 quarters.
Net inflows of $2.9 billion in active equities translated into a 9% organic growth rate, led by our global core and global concentrated growth strategies. Over the past two years, our institutional equities business has grown at an average organic growth rate of 11%, very strong results, given the landscape. Our institutional pipeline grew to $15.1 billion at year-end, with $9.2 billion in pipeline additions in the fourth quarter. That's up 30% sequentially and 56% year on year.
This is in the second quarter in a row that our pipeline's annual fee base has exceeded $40 million and shows diversification across asset classes and geography. New additions in the fourth quarter of 9.2 billion included a $5 billion low-fee passive strategy. Excluding that, the average fee rate remains more than twice the channel average. One additional note, as stated in our earnings release and 10-K, we were sorry recently to receive notification from AXA of its intent to terminate approximately $14 billion of fixed income mandates during the first half of 2020.
However, the fees we earned from managing these assets are low and the revenue impact is not significant. Moving to private wealth management on Slide 11. Full-year sales of $11.3 billion reflected some softness due to the broader geopolitical environment. In some cases, inflows from clients expecting to sell their businesses did not materialize when small business transactions were put on hold due to growing economic uncertainty and some clients with cash to invest turned cautious awaiting resolution of the China trade situation and clarification of Fed interest rate policy.
Redemptions in 2019 were below our long-term average, and resulting in full-year net outflows of $1 billion. An important element of our strategy is to continue to grow the high-end portion of our business. In 2019, client accounts of assets greater than $20 million grew by 1.1% and alternatives committed and deployed now comprise $11.2 billion, having grown by $1.9 billion or 20% versus the prior year. These products are supportive of continued growth in our targeted affluent and highly complex client base.
We grew our advisor base by 6%, which is at the high end of our target due to lower-than-expected advisor turnover. And we also saw strong growth in ESG strategies, which grew to $2.7 billion, up 80% from the prior year. A few comments regarding our firm's ESG strategy. As a fiduciary, responsible investor and research firm, we believe that being a responsible company and investing responsibly go hand-in-hand.
Our theme noted in our corporate responsibility reports published this past quarter. We've invested in several tools to extend and integrate our ESG capabilities into our investing platforms, including a proprietary digital platform called ESIGHT to help teams formalize their ESG evaluations and share insights from company engagement, our fixed income Prism research platform includes proprietary ESG scores that directly impacts analyst ratings for each issuer. And our sell-side research teams integrate ESG factors into their stock and company analysis. I will finish our business overview with the sell-side on Slide 12.
Bernstein research continues to feel the effects of a difficult environment as customer activity remained depressed in most geographies. Fourth-quarter and full-year revenues declined by 4% and 7%, respectively, as compared with the prior year period. In 2019, we continued to focus on our efforts on a few of the select growth opportunities while taking appropriate steps to manage the business to ensure that it continues to contribute to AB's profitability. Accomplishments in 2019 included: we remained on plan with our integration of autonomous, achieving our cost savings targets, while our cross-selling efforts are on track with more than 100 potential new clients on trial; the launch of both Indian trading and build-out of an Indian research and sales team in Mumbai; focused Asian research investments, including seven sector launches; and increased pre-IPO research.
Importantly, we had another strength showing in the institutional investor, AART survey with 18 top-ranked sectors. I will close by highlighting some of our 2019 accomplishments on Slide 13. We continued delivering strong differentiated investment returns for clients across fixed income, equities, multi-asset and alternatives, which, combined with our global distribution capabilities drove 6.5% active organic growth for the full year. Retail had record results with active organic growth of 20% for the full year, we've achieved through diversified net inflows across a diverse number of products.
Institutional saw strength in active equity flows and growing pipeline of higher-fee business. New alternative offerings in 2019 included a fund-to-funds JV as well as our third commercial real estate fund. We built the CLO management business, leveraging on our existing high-yield and middle-market direct lending platforms. All of this was done while simultaneously relocating key functions to Nashville, where we now expect to employ 1,250 people, resulting in meaningful expense savings.
In summary, we had a strong year across our global platform, and we are well positioned for continued growth of 2020. Now I will turn it over to John to review the financials.
John Weisenseel -- Chief Financial Officer
Thank you, Seth. Let's start with the GAAP income statement on Slide 15. Fourth-quarter GAAP net revenues of $987 million increased 23% from the prior year period. Operating income of $268 million increased 35% and a 26.4% operating margin increased by 140 basis points.
GAAP EPU of $0.84, compared to $0.63 in the fourth quarter of 2018. As always, I will focus our remarks from here on our adjusted results, which we removed the effect of certain items that are not considered part of our core operating business. We base our distribution to unitholders upon our adjusted results, which we provide in addition to, and not as substitute, for our GAAP results. Our standard GAAP reporting and a reconciliation of GAAP to adjusted results are in the presentation's appendix, press release and 10-K.
Our adjusted financial highlights are included on Slide 16. Fourth-quarter revenues of $817 million, operating income of $264 million and our margin of 32.3% all increased year on year. We earned and will distribute to our unitholders $0.85 per unit, compared to $0.64 for last year's fourth quarter. Higher base and performance fees, combined with flat promotion and servicing expenses primarily drove the stronger results.
For this year, revenues decreased by $10 million to $2.9 billion, operating income decreased by $50 million to $802 million, and operating margin decreased by 160 basis points to 27.5%. Adjusted EPU decreased to $2.52 and from the prior year's $2.57. Lower performance fees, Bernstein Research service revenues, combined with higher G&A expenses were the primary drivers of the weaker results. We will delve into these items in more detail on the adjusted income statement on Slide 17.
Beginning with revenues, net revenues increased 17% for the fourth quarter but also relatively flat for the full year versus the same prior year periods. Base fees increased 15% for the fourth quarter and 5% for the full year due to higher average AUM across all three distribution channels and a stable portfolio of fee rate of approximately 41 basis points. Fourth-quarter performance fees increased by $39 million to $74 million as a result of higher performance fees earned on our U.S. concentrated growth of $14 million; securitized assets, $11 million; and Arya, $8 million strategies.
Full-year performance fees of $97 million, compared to $196 million for the same prior year period. As discussed on our priorearnings call the 2018 performance fees included approximately $129 million of fees related to two funds: the financial Services Opportunity Fund I and real estate equity fund I, which were either liquidated or mostly liquidated in 2018. Fourth quarter and full-year revenue for Bernstein Research services decreased 4% and 7%, respectively, from the same prior year period. The current year period includes revenue from the Autonomous acquisition, which closed on April 1.
Excluding Autonomous, Berstein Research revenues decreased 19% for the fourth quarter and 15% for the full year due to lower global client activity and trading commissions. Fourth-quarter and full-year net distribution expenses increased $8 million and $18 million, respectively, and as a result of higher Asia retail fund sales and AUM. Fourth-quarter and full-year investment gains of $3 million and $16 million, respectively, results from higher seed investment gains and, compared to investment losses in the same prior year periods, which included a $6 million realized loss on the sale of a seat capital investment and a private equity fund in the fourth quarter of 2018. Moving to adjusted expenses.
All-in, our total fourth-quarter operating expenses of $553 million increased 12%. Full-year operating expenses of $2.1 billion increased 2% from the prior year. Total compensation and benefits expenses have increased 15% in the fourth quarter due to higher base and incentive compensation and increased 1% for the full year due to higher base compensation and fringe benefits, which were mostly offset by lower incentive compensation. Compensation was 44.8% of adjusted net revenues for the fourth quarter versus 45.2% in the prior year period.
The full-year 2019 comp ratio was 47.9%, up 40 basis points from the prior year. Going forward, we expect to continue to manage to a comp ratio that will not exceed 50% in any given year. Given current market conditions, we plan to accrue compensation at a 48.5% ratio in the first quarter of 2020, with the option to adjust accordingly throughout the year if market conditions change. Promotion and servicing was down slightly versus the same prior-year periods also due to lower marketing expenses, which were partially offset by higher T&E.
Lower trade execution expenses also contributed to the full-year decline. G&A expenses increased 10% in the fourth quarter and 7% for the full year versus the same prior year period due to: Higher technology expenses related to our business initiatives; increased occupancy, primarily related to our headquarters relocation; and some unfavorable foreign exchange translation. Higher errors also contributed to the full-year increase. Excluding the headquarters relocation and unfavorable foreign exchange effects, G&A increased by 5% in the fourth quarter and 4% for the full year when the increased errors are excluded as well.
Fourth-quarter operating income of $264 million increased 29% versus the prior year period as revenue growth outpaced expense growth. Full-year 2019 operating income of $802 million decreased 6% from the prior year primarily as a result of lower performance fees and Bernstein Research revenues. Fourth-quarter operating margin of 32.3% was up 300 basis points year on year, reflecting the operating leverage of our business. Our full-year 2019 operating margin of 27.5% was down 160 basis points from 2018.
Of the 160 basis-point decline, 80 points is due to the lower performance fees discussed earlier. 25 basis points is due to the headquarters relocation and the remaining 55 basis points is primarily attributed to the autonomous acquisition, increased the trading errors and unfavorable foreign exchange translation. You may have noticed that our fourth-quarter adjusted EPU was $0.01 higher than our GAAP EPU, while our adjusted operating income was $4 million lower than our GAAP operating income. This is due to the exclusion of the following three items, which are now part of our core business operations.
First, we recorded $3 million real estate charge for GAAP reporting, most of which was to write-off a floor, which we had vacated in our White Plains office as a result in the Nashville relocation. Going forward, this charge will also be deducted from our adjusted earnings on a straight-line basis over the remaining two-year lease term and has been included in our headquarters relocation guidance. Second, we recorded a $3 million GAAP P&L credit to reduce the contingent payment liability and a $3 million GAAP P&L intangible asset impairment charge related to a previous acquisition. Finally, we deconsolidated certain C investments in our adjusted results that we had consolidated for GAAP reporting.
Consolidating these investments increased operating income by $8 million, but did not affect net income or EPU. For the year, our adjusted EPU was $0.03 higher than our GAAP EPU, while our adjusted operating income was $21 million lower than the GAAP operating income. Here, in addition to the real estate charge and contingent payment liability reduction discussed earlier, we excluded $7 million in acquisition costs, which includes the intangible asset impairment charge recorded in the fourth quarter, and a $30 million in consolidated variable interest entities operating income. These non-GAAP adjustments are outlined in the appendix of this presentation.
The full-year 2019 effective tax rate for AllianceBernstein LP was 5.1%, about as expected. Going forward, we expect an effective tax rate of approximately 5.5% for 2020, based upon current forecasted mix of domestic versus foreign pre-tax earnings. Also, in 2020, intangible assets resulting from Alliance Capital acquisition of Bernstein 20 years ago are about to be fully amortized. We have had an annual amortization charge of approximately $21 million for these assets, primarily investment contracts.
$16 million remains to be amortized in the first three quarters of 2020 and then the charge will end. I will finish with an update on our planned corporate headquarters relocation in Nashville. Our relocation is also going very well. Last month, we announced that we plan to relocate 200 additional positions to Nashville, increasing the total planned relocated positions to 1,250.
At year-end, we had over 600 Nashville-based employees. For the fourth quarter, transition costs related to our Nashville corporate headquarters relocation totaled $8 million, compared to estimated expense savings of $4 million, resulting in a net $4 million reduction in operating income and about a net $0.02 reduction in EPU. Of the net $4 million, and approximately $1 million is compensation related and the remaining $3 million representing increased occupancy costs. For the full year of 2019, transition cost totaled $33 million, compared to estimated expense savings of $16 million, resulting in a net $17 million reduction in operating income.
That is about a net $0.06 reduction in EPU, which is $0.02 less than we had expected. Of the net $17 million, approximately $9 million is compensation now related with substantially all included in the comp ratio calculation and the remaining $8 million representing increased occupancy costs. We expect a similar $0.06 reduction in full-year 2020 EPU due to the relocation, breakeven-to-slightly positive EPU accretion in 2021, and then EPU accretion for each year thereafter. We now estimate that the ongoing expense savings beginning in 2025, once the transition period is over, to be approximately $5 million higher than we previously discussed and will be in the range of $75 million to $80 million per year.
There's currently no change to our estimates of ranges for cumulative transition costs, $155 million to $165 million or expense savings, $180 million to $190 million to be realized over the transition period 2018 through 2024 when our New York City building lease expires. Our estimates for the transition costs and the corresponding expense savings are based upon our best current assumptions of employee relocation costs, severance, recruitment and overlapping compensation and occupancy costs. Estimates for the timing of both incurring transition cost and realizing the related expense savings are based on our current relocation implementation plan and the timing for the execution of each phase. The actual total charges that we recorded and the related expense savings realized and timing of our EPU impact are likely to differ from our current estimates as we implement each phase of our headquarters relocation.
And with that, Seth, Jim and I are pleased to answer your questions.
Questions & Answers:
Operator
[Operator instructions] Our first question comes from the line of Dan Fannon of Jefferies. Please go ahead. Your line is open.
James Steele -- Jefferies -- Analyst
Hey. Good morning. This is actually James Steele filling in for Dan. So my question is on the comp ratio. I'm curious as to kind of what might drag this kind of toward the high end or above your range.
And I guess we would have expected it might have come in a bit higher, just given where performance fees were this quarter.
John Weisenseel -- Chief Financial Officer
This is John. In terms of where we came in for the fourth quarter, we were able to leverage that down with the increased rise in the market. And also, as we got into the fourth quarter, we true-up our compensation requirements on an individual -- the individual basis for each SPU. So that allowed us to actually bring the ratio down.
Then starting off for the year, again, we are going to start at 48.5%, which is actually a full percentage point lower and then where we had started a year ago. And it's really a function of where we are starting off with the AUM. Our AUM, starting this year, it's about $110 billion higher than where we had ended the prior year, and that's translating into much higher base fees, much higher revenue and allowing us to leverage that comp ratio down.
James Steele -- Jefferies -- Analyst
Got it. And then secondly, just on the AXA mandate termination, just curious on, I guess, where those assets are going. If you know why it was terminated and then if you could just kind of help us where those assets currently sit. Is it taxable fixed income or somewhere else?
Seth Bernstein -- President and Chief Executive Officer
Yes. As you may or may not know, AXA has its own in-house money manager AXA investment managers, and our understanding is that they will move back in-house. It was all taxable fixed income. Was there any [Inaudible]
Operator
Your next question comes from the line of Mike Carrier of Bank of America. Please go ahead. Your line is open.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
Good morning and thanks for taking the questions. So, overall, just from the flow side, you guys pointed out, like the flows are strong, both on the retail and institutional side, and the pipeline looks good. I guess, just one follow-up on the AXA, just given maybe their relationship or your guys' relationship with them and what remains, like is there and like more of the assets that potentially go like in-house or was this sort of like a one-off? I know the fees are low, but just so we kind of can gauge what that relationship is now going forward.
Seth Bernstein -- President and Chief Executive Officer
Well, look, as I said -- Mike, it's Seth. Thanks for the question. As we've discussed in the past, ultimately, AXA having sold out its ownership stake would, over time, we thought moved to more of an arm's-length business partnership. And we -- while we have continued to enjoy inflows and specific strategies with them in 2019, we knew that it was a potential possibility that they would begin to bring assets in-house, which they've decided to do.
We don't know what the long-term plans will be. But as I said to you earlier, I think it will move to be more of an arm's-length relationship. So they are pleased with the overall level and service performance which we are providing today.
John Weisenseel -- Chief Financial Officer
And, Mike, it's John. Just to add to Seth's comments, we've looked at the total combined AXA and Equitable relationship, and we've disclosed that it's roughly 25% of the total AUM, about 5% of our fees, but when you break that down, the Equitable piece now is much larger than the AXA piece, both in terms of assets under management as well as revenues that we derived from those assets.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
Got it. OK. That's helpful. And then maybe just one more on expenses and margins.
I think this is a while back, but you guys, I think, had like a 2020 range. I think it was around that 30%. Then you got the kind of the Nashville efficiencies will come in over the next couple of years. Just maybe bigger picture, and just given what you are seeing in terms of the momentum on the flows and even the fee rates and where you are investing and where you think you can get some incremental operating leverage, how are you thinking about maybe the margin over the next few years based on the core business plus with the Nashville synergies coming into play?
John Weisenseel -- Chief Financial Officer
So, Mike, it's John again. Again, we are still committed to the 30% margin. And we are going to definitely get there. We just don't think it's likely in 2020, unless you get markets like we had last year.
And if we had markets like we had last year, we will definitely be there. But the markets are much more of a driver than the flows in terms of bringing up the AUM in the base fees and the performance fees as well. So we are still targeting that 30%. We are going to get there.
Again, if we get really strong markets, in 2020, that we could potentially get there, but we just don't think it's likely.
Seth Bernstein -- President and Chief Executive Officer
I guess, what I would say also is that, look, nobody is happy with 27.5% margin. We think the margins can be higher. And we've always talked around a 50% incremental margin as we can drive revenue, and we also remain committed to that. So as John is saying, to the extent that we can see higher revenues, that's the easiest path to get to a higher margin level, be it like 30% or higher.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
All right. Thanks a lot.
Operator
Our next question comes from the line of Alex Blostein of Goldman Sachs. Please go ahead. Your line is open.
Alex Blostein -- Goldman Sachs -- Analyst
Hey. Good morning. Thanks, guys, for taking the question. Seth, a little bit of a bigger-picture question for you.
So when we take a step back, AllianceBernstein has been one of the best flowing AXA managers in the space with pretty attractive fee rates. So one could argue that your organic fee growth is top decile. Yes, when you look at the valuation, it's -- stock has been sort of stuck here at around 11 times earnings. So anything you guys could do to help unlock shareholder value given this strong top-line growth?
Seth Bernstein -- President and Chief Executive Officer
Got it. That's what we were already trying to do that with the results we are generating. Look, I don't think there are obvious levers for us to pull that we aren't pulling today. We have been proactive in addressing what we think is a structural cost challenge, and be it long-only industry by trying to utilize technology to automate lots of processes.
So I think more importantly, in the short term, relocating our headquarters to Nashville. I think those were important steps that are still in execution and people are working very hard to achieve our objectives there. But, Alex, from our perspective, we think we are doing what we are supposed to do. Also, we are focusing on blocking and tackling, focusing on finding new teams that can help supplement the suite of strategies we currently feel and continuing to retain and attract really talented people.
But beyond that, I think there's not a lot we can do.
Alex Blostein -- Goldman Sachs -- Analyst
Yes. That was kind of the point. Sorry if the question didn't come up that way. You guys are executing on the initiatives that you outlined.
It's yes, not resonating in much of a multiple improvement and it feels like a lot of it ultimately has to do with the structure with the K-1 and obviously, the ownership. So any updated thoughts around, I guess, on that front would be very helpful.
John Weisenseel -- Chief Financial Officer
Alex, it's John. I think in terms of when you look at the folks that have converted the alt managers and you look at us, we are very different, right? So our trading, market cap is about $3 billion. And of that $3 billion, roughly a third of that is held with employees and directors. So it just doesn't trade so much.
Some of the other folks that have converted their trading market caps are going from $12 billion up to $80 billion. They are trading several million shares a day. We are trading $300,000. And we also have -- and we are controlled.
We have a controlling parent that has an economic interest of 65%. So much different than the other folks. And so it's not clear to me that a conversion actually helps our unitholders from that perspective. And there's incredible tax leakage involved in something like that.
And then with an election coming up, once you convert, you can't go back. And last time I checked, I think it's all of the Democrat. Democratic candidates accounts for increased corporate taxes. And so, I just don't think this is something that makes sense for us.
Alex Blostein -- Goldman Sachs -- Analyst
Got it. All right. Fair enough. My second question is around the expenses.
I think you guys talked about the margins overall but help maybe dissect what's going on in G&A. I gave -- also you gave a couple of bullet points on kind of core G&A growth. We -- I think, it was around 4% for 2019 when you X out some of the errors in the FX dynamics. But as you are looking out into 2020, what sort of a reasonable G&A growth and off of what base you would be, I guess, considering that?
John Weisenseel -- Chief Financial Officer
Yes -- no, I think, again, off the current base, when you strip out those items I mentioned, we would be looking to grow it around the rate of inflation. So I think we are talking 2% to 3%. And that growth in the G&A, I think, going forward, is primarily driven by many of our technology initiatives. And we are investing in technology across multiple business lines that we have for the client experience as well as for the portfolio manager to give them the tools to do their jobs.
Alex Blostein -- Goldman Sachs -- Analyst
Great. Perfect. Thanks very much.
Operator
Our next question comes from the line of Bill Katz of Citi. Please go ahead. Your line is open.
Bill Katz -- Citi -- Analyst
OK. Most of my questions have been asked. I guess, just on performance fees. Just wondering, can you give us a sense of where you are in terms of performance fee-eligible AUM.
How may have changed year on year and how do you think about any of the seasonal locks that -- as we think about 2020?
John Weisenseel -- Chief Financial Officer
Yes. So I think it's just over 5% of our total assets now are performance fee-based. The biggest part of that is in the private wealth, which is about 9%. And then the Institutional, about 8%; and retail is very small.
But that's where we are. It's been slowly creeping up. We are seeing some of the -- on the Institutional side, some of the recent equity mandates are coming in with perhaps a bit lower basic [Inaudible] in the past, but also it included a performance fee as well. So we are seeing, on the institutional side, more interest in performance fees.
We are also seeing more interest as well as on the private wealth side as well, but it's slowly creeping up.
Bill Katz -- Citi -- Analyst
OK. And then just as a follow-up, just within the other bucket. Could you maybe talk a little bit about your opportunity to sort of see for growth in the alternative segment as we look out to 2020 and also beyond?
Seth Bernstein -- President and Chief Executive Officer
We continue to focus on private alternatives, in particular, Bill. And so we are continuing to uncover teams where we think they have really compelling investment propositions and a proven track record, and who we think we can get to scale fairly quickly. That's our appeal to them. And I think -- and we have nothing to report at the moment, but there are ongoing discussions.
So our goal is to add additional teams this year and each year going forward.
And I would just add, within our existing suite of services, the flows remain quite robust, Bill.
Bill Katz -- Citi -- Analyst
OK. Thank you.
Operator
And our next question comes from the line of Robert Lee of KBW. Please go ahead. Your line is open.
Robert Lee -- KBW -- Analyst
Great. Thank you. Good morning, everyone. Maybe following up to Bill's question a little bit on the alternatives.
I'm just kind of curious, I guess, a lot of your alternative business, as you point out, comes from the private wealth segment, but can you talk a little bit about maybe what success or what you are seeing in broadening your alternatives, distribution, institutional channels, kind of what proportion of kind of your new business is coming from outside private wealth and kind of some of your initiatives there?
Seth Bernstein -- President and Chief Executive Officer
Let me start, then I'm going to actually refer to Jim later on. He may have something to add here. But for the private credit strategies, whether it's commercial real estate debt or middle-market lending, I believe, a preponderance of their flows are coming now from institutional clients. We've seen particular interest among insurers, both here in the United States, and -- but also outside the U.S.
for those assets, and they continue to be interested in different strategies that we are developing within those groups. Jim, so do you want -- do you have anything to add?
Jim Gingrich -- Chief Operating Officer
Yes. I guess I would say a couple of things. One is, is that in our wealth management business, our clients remain under exposed to alternatives. So it remains an essential part of our strategy to expand our Wealth Management business as well as in terms of attracting new clients as well as additional penetration within the client base that exists today.
As Seth said, whether or not what we are talking about Arya, which is our multi-PM long-short strategy, our securitized fund, our middle market lending capabilities or commercial lending capabilities in real estate space, all of those are experiencing very nice growth in Institutional. And so I guess, I would add we also think there's opportunity in traditional retail space for those types of strategies as well. So -- and as I indicated earlier, we are pretty excited about the opportunities we have within the set of services that we have today as well as our ability to add new services and scale them over time.
Robert Lee -- KBW -- Analyst
And maybe sticking with the private wealth channel, Seth, you mentioned 6% was kind of toward the high end of your expectations for advisor headcount. Can you maybe update us on kind of what you are thinking of that channel for advisor growth over the coming years? And maybe any current plans to go back to expanding the footprint somewhat or is it kind of just fill in within the existing footprint?
Seth Bernstein -- President and Chief Executive Officer
We think we have enormous opportunity within our existing footprint to expand beyond where we currently stand today. So we think we are underpenetrated in a number of cities outside of New York that we've grown in. We've just opened in Nashville, as you know, and we continue to see real -- interesting activity there as well as in our other offices. But with respect to the headcount, we are looking for, we are hoping to see five-odd percent kind of growth rate year over year there.
And we think that's about as fast as we can manage to grow organically just given the commitment to education we make on each of our new client financial advisor we bring in.
Jim Gingrich -- Chief Operating Officer
I guess, I I'd also say we remain very focused on growing the productivity of the advisors that we have in place. As outlined in the presentation, our track record is pretty strong there. And so we -- but we still think we have real opportunity for that to continue.
Robert Lee -- KBW -- Analyst
Great. Thanks for taking my questions.
Operator
There are no further questions at this time. Mr. Griffin, I turn the call back over to you.
Mark Griffin -- Head of Investor Relations
Thank you. Thank you, everyone, for participating in our conference call. Feel free to contact Investor Relations with any further questions. Have a great day.
Duration: 50 minutes
Call participants:
Mark Griffin -- Head of Investor Relations
Seth Bernstein -- President and Chief Executive Officer
John Weisenseel -- Chief Financial Officer
James Steele -- Jefferies -- Analyst
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
Alex Blostein -- Goldman Sachs -- Analyst
Bill Katz -- Citi -- Analyst
Robert Lee -- KBW -- Analyst
Jim Gingrich -- Chief Operating Officer
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. | We continued delivering strong differentiated investment returns for clients across fixed income, equities, multi-asset and alternatives, which, combined with our global distribution capabilities drove 6.5% active organic growth for the full year. AllianceBernstein Holding (NYSE: AB) Q4 2019 Earnings Call Feb 12, 2020, 8:00 a.m. [Operator instructions] As a reminder, this conference is being recorded and will be available for replay for one week. | G&A expenses increased 10% in the fourth quarter and 7% for the full year versus the same prior year period due to: Higher technology expenses related to our business initiatives; increased occupancy, primarily related to our headquarters relocation; and some unfavorable foreign exchange translation. Here, in addition to the real estate charge and contingent payment liability reduction discussed earlier, we excluded $7 million in acquisition costs, which includes the intangible asset impairment charge recorded in the fourth quarter, and a $30 million in consolidated variable interest entities operating income. Duration: 50 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer James Steele -- Jefferies -- Analyst Mike Carrier -- Bank of America Merrill Lynch -- Analyst Alex Blostein -- Goldman Sachs -- Analyst Bill Katz -- Citi -- Analyst Robert Lee -- KBW -- Analyst Jim Gingrich -- Chief Operating Officer More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. | Duration: 50 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer James Steele -- Jefferies -- Analyst Mike Carrier -- Bank of America Merrill Lynch -- Analyst Alex Blostein -- Goldman Sachs -- Analyst Bill Katz -- Citi -- Analyst Robert Lee -- KBW -- Analyst Jim Gingrich -- Chief Operating Officer More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q4 2019 Earnings Call Feb 12, 2020, 8:00 a.m. [Operator instructions] As a reminder, this conference is being recorded and will be available for replay for one week. | Duration: 50 minutes Call participants: Mark Griffin -- Head of Investor Relations Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer James Steele -- Jefferies -- Analyst Mike Carrier -- Bank of America Merrill Lynch -- Analyst Alex Blostein -- Goldman Sachs -- Analyst Bill Katz -- Citi -- Analyst Robert Lee -- KBW -- Analyst Jim Gingrich -- Chief Operating Officer More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q4 2019 Earnings Call Feb 12, 2020, 8:00 a.m. [Operator instructions] As a reminder, this conference is being recorded and will be available for replay for one week. |
21633.0 | 2020-02-12 00:00:00 UTC | Financial Sector Update for 02/12/2020: MGI, AB, MCO, JPM, BAC, WFC, C, USB | AB | https://www.nasdaq.com/articles/financial-sector-update-for-02-12-2020%3A-mgi-ab-mco-jpm-bac-wfc-c-usb-2020-02-12 | nan | nan | Top Financial Stocks:
JPM: +0.43%
BAC: +0.72%
WFC: +0.54%
C: +0.70%
USB: Flat
Most financial majors were advancing pre-market Wednesday.
Stocks moving on news include:
(+) Moneygram International (MGI), which was gaining more than 3% in value after it launched FastSend, a money-transfer service that can be used through a mobile phone.
In other sector news:
(+) AllianceBernstein Holding (AB) was up less than 1% after it posted Q4 adjusted net income of $0.85 per unit, compared with $0.64 per unit from a year ago and above the Capital IQ forecast of $0.70.
(+) Moody's (MCO) was slightly advancing after it reported Q4 adjusted EPS of $2.00, climbing from $1.63 a year ago and exceeding the $1.92 average forecast from Capital IQ-surveyed analysts.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news: (+) AllianceBernstein Holding (AB) was up less than 1% after it posted Q4 adjusted net income of $0.85 per unit, compared with $0.64 per unit from a year ago and above the Capital IQ forecast of $0.70. USB: Flat Most financial majors were advancing pre-market Wednesday. Stocks moving on news include: (+) Moneygram International (MGI), which was gaining more than 3% in value after it launched FastSend, a money-transfer service that can be used through a mobile phone. | In other sector news: (+) AllianceBernstein Holding (AB) was up less than 1% after it posted Q4 adjusted net income of $0.85 per unit, compared with $0.64 per unit from a year ago and above the Capital IQ forecast of $0.70. Top Financial Stocks: (+) Moody's (MCO) was slightly advancing after it reported Q4 adjusted EPS of $2.00, climbing from $1.63 a year ago and exceeding the $1.92 average forecast from Capital IQ-surveyed analysts. | In other sector news: (+) AllianceBernstein Holding (AB) was up less than 1% after it posted Q4 adjusted net income of $0.85 per unit, compared with $0.64 per unit from a year ago and above the Capital IQ forecast of $0.70. Stocks moving on news include: (+) Moneygram International (MGI), which was gaining more than 3% in value after it launched FastSend, a money-transfer service that can be used through a mobile phone. (+) Moody's (MCO) was slightly advancing after it reported Q4 adjusted EPS of $2.00, climbing from $1.63 a year ago and exceeding the $1.92 average forecast from Capital IQ-surveyed analysts. | In other sector news: (+) AllianceBernstein Holding (AB) was up less than 1% after it posted Q4 adjusted net income of $0.85 per unit, compared with $0.64 per unit from a year ago and above the Capital IQ forecast of $0.70. Top Financial Stocks: USB: Flat Most financial majors were advancing pre-market Wednesday. |
21634.0 | 2020-02-12 00:00:00 UTC | AllianceBernstein Holding Q4 19 Earnings Conference Call At 8:00 AM ET | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-q4-19-earnings-conference-call-at-8%3A00-am-et-2020-02-12 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on Feb. 12, 2020, to discuss Q4 19 earnings results.
To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations
To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International) with conference ID# 4325968.
For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 4325968.
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 8:00 AM ET on Feb. 12, 2020, to discuss Q4 19 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International) with conference ID# 4325968. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 4325968. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on Feb. 12, 2020, to discuss Q4 19 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International) with conference ID# 4325968. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 4325968. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on Feb. 12, 2020, to discuss Q4 19 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International) with conference ID# 4325968. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 4325968. | (RTTNews) - AllianceBernstein Holding L.P. (AB) will host a conference call at 8:00 AM ET on Feb. 12, 2020, to discuss Q4 19 earnings results. To access the live webcast, log on to http://www.alliancebernstein.com/investorrelations To listen to the call, dial (866) 556-2265 (US) or (973) 935-8521 (International) with conference ID# 4325968. For a replay call, dial (855) 859-2056 (US) or (404) 537-3406 (International) with conference ID#: 4325968. |
21635.0 | 2020-02-12 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-2020-02-12 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its fourth quarter that advanced from last year.
The company's profit totaled $248.87 million, or $0.84 per share. This compares with $188.05 million, or $0.63 per share, in last year's fourth quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $81.28 million or $0.85 per share for the period.
Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 22.7% to $987.30 million from $804.66 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q4): $81.28 Mln. vs. $60.95 Mln. last year. -EPS (Q4): $0.85 vs. $0.64 last year. -Analysts Estimate: $0.70 -Revenue (Q4): $987.30 Mln vs. $804.66 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 fourth quarter that advanced from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $81.28 million or $0.85 per share for the period. Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its fourth quarter that advanced from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $81.28 million or $0.85 per share for the period. -Analysts Estimate: $0.70 -Revenue (Q4): $987.30 Mln vs. $804.66 Mln last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its fourth quarter that advanced from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $81.28 million or $0.85 per share for the period. The company's revenue for the quarter rose 22.7% to $987.30 million from $804.66 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) reported earnings for its fourth quarter that advanced from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $81.28 million or $0.85 per share for the period. -Analysts Estimate: $0.70 -Revenue (Q4): $987.30 Mln vs. $804.66 Mln last year. |
21636.0 | 2019-12-12 00:00:00 UTC | AB Crosses Above Key Moving Average Level | AB | https://www.nasdaq.com/articles/ab-crosses-above-key-moving-average-level-2019-12-12 | nan | nan | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.00, changing hands as high as $29.58 per share. AllianceBernstein Holding LP shares are currently trading up about 1.9% 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.34.
Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.00, changing hands as high as $29.58 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.34. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.00, changing hands as high as $29.58 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.34. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.00, changing hands as high as $29.58 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.34. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.00, changing hands as high as $29.58 per share. AllianceBernstein Holding LP shares are currently trading up about 1.9% 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.34. |
21637.0 | 2019-10-31 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for November 01, 2019 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-ab-ex-dividend-date-scheduled-for-november-01-2019-2019-10 | nan | nan | AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on November 01, 2019. A cash dividend payment of $0.63 per share is scheduled to be paid on November 14, 2019. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 12.5% increase over prior dividend payment. At the current stock price of $29.35, the dividend yield is 8.59%.
The previous trading day's last sale of AB was $29.35, representing a -6.59% decrease from the 52 week high of $31.42 and a 25.75% increase over the 52 week low of $23.34.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group Inc. (BX) and KKR & Co. Inc. (KKR). AB's current earnings per share, an indicator of a company's profitability, is $2.28. Zacks Investment Research reports AB's forecasted earnings growth in 2019 as -11.42%, compared to an industry average of -1.2%.
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. Zacks Investment Research reports AB's forecasted earnings growth in 2019 as -11.42%, compared to an industry average of -1.2%. 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 $2.28. AllianceBernstein Holding L.P. (AB) will begin trading ex-dividend on November 01, 2019. | 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 $29.35, representing a -6.59% decrease from the 52 week high of $31.42 and a 25.75% increase over the 52 week low of $23.34. 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 November 01, 2019. The previous trading day's last sale of AB was $29.35, representing a -6.59% decrease from the 52 week high of $31.42 and a 25.75% increase over the 52 week low of $23.34. |
21638.0 | 2019-10-30 00:00:00 UTC | Ex-Dividend Reminder: AllianceBernstein Holding, HCP and Citigroup | AB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-alliancebernstein-holding-hcp-and-citigroup-2019-10-30 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 11/1/19, AllianceBernstein Holding LP (Symbol: AB), HCP Inc (Symbol: HCP), and Citigroup Inc (Symbol: C) will all trade ex-dividend for their respective upcoming dividends. AllianceBernstein Holding LP will pay its quarterly dividend of $0.63 on 11/14/19, HCP Inc will pay its quarterly dividend of $0.37 on 11/19/19, and Citigroup Inc will pay its quarterly dividend of $0.51 on 11/22/19. As a percentage of AB's recent stock price of $29.58, this dividend works out to approximately 2.13%, so look for shares of AllianceBernstein Holding LP to trade 2.13% lower — all else being equal — when AB shares open for trading on 11/1/19. Similarly, investors should look for HCP to open 1.01% lower in price and for C to open 0.70% lower, all else being equal.
Below are dividend history charts for AB, HCP, and C, showing historical dividends prior to the most recent ones declared.
AllianceBernstein Holding LP (Symbol: AB):
HCP Inc (Symbol: HCP):
Citigroup Inc (Symbol: C):
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 8.52% for AllianceBernstein Holding LP, 4.03% for HCP Inc, and 2.79% for Citigroup Inc.
In Wednesday trading, AllianceBernstein Holding LP shares are currently off about 0.2%, HCP Inc shares are up about 0.8%, and Citigroup Inc shares are trading flat 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 AB's recent stock price of $29.58, this dividend works out to approximately 2.13%, so look for shares of AllianceBernstein Holding LP to trade 2.13% lower — all else being equal — when AB shares open for trading on 11/1/19. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. Looking at the universe of stocks we cover at Dividend Channel, on 11/1/19, AllianceBernstein Holding LP (Symbol: AB), HCP Inc (Symbol: HCP), and Citigroup Inc (Symbol: C) will all trade ex-dividend for their respective upcoming dividends. | Looking at the universe of stocks we cover at Dividend Channel, on 11/1/19, AllianceBernstein Holding LP (Symbol: AB), HCP Inc (Symbol: HCP), and Citigroup Inc (Symbol: C) will all trade ex-dividend for their respective upcoming dividends. AllianceBernstein Holding LP (Symbol: AB): HCP Inc (Symbol: HCP): Citigroup Inc (Symbol: C): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AB's recent stock price of $29.58, this dividend works out to approximately 2.13%, so look for shares of AllianceBernstein Holding LP to trade 2.13% lower — all else being equal — when AB shares open for trading on 11/1/19. | Looking at the universe of stocks we cover at Dividend Channel, on 11/1/19, AllianceBernstein Holding LP (Symbol: AB), HCP Inc (Symbol: HCP), and Citigroup Inc (Symbol: C) will all trade ex-dividend for their respective upcoming dividends. AllianceBernstein Holding LP (Symbol: AB): HCP Inc (Symbol: HCP): Citigroup Inc (Symbol: C): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AB's recent stock price of $29.58, this dividend works out to approximately 2.13%, so look for shares of AllianceBernstein Holding LP to trade 2.13% lower — all else being equal — when AB shares open for trading on 11/1/19. | Looking at the universe of stocks we cover at Dividend Channel, on 11/1/19, AllianceBernstein Holding LP (Symbol: AB), HCP Inc (Symbol: HCP), and Citigroup Inc (Symbol: C) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AB's recent stock price of $29.58, this dividend works out to approximately 2.13%, so look for shares of AllianceBernstein Holding LP to trade 2.13% lower — all else being equal — when AB shares open for trading on 11/1/19. Below are dividend history charts for AB, HCP, and C, showing historical dividends prior to the most recent ones declared. |
21639.0 | 2019-10-24 00:00:00 UTC | AllianceBernstein Holding (AB) Q3 2019 Earnings Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-ab-q3-2019-earnings-call-transcript-2019-10-25 | nan | nan | Image source: The Motley Fool.
AllianceBernstein Holding (NYSE: AB)
Q3 2019 Earnings Call
Oct 24, 2019, 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 third-quarter 2019 earnings review. [Operator instructions] 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 your host for this call, corporate secretary for AB, Mr. David Lesser.
Please go ahead, sir.
David Lesser -- Corporate Secretary
Thank you, Jessa. Good morning, everyone, and welcome to our third-quarter 2019 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; John Weisenseel, our CFO; and Jim Gingrich, our COO, will present our results and take questions after our prepared remarks.
Some of the information we will 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 1 of our presentation. You can also find our safe harbor language in the MD&A of our third-quarter 2019 10-Q, which we filed earlier this morning. Under regulation FD, management may only address questions of a material nature from the investment community in a public forum.
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So please ask all such questions during this call. Now I'll turn it over to Seth.
Seth Bernstein -- President and Chief Executive Officer
Thank you. Good morning, and thank you for joining us today. Our third-quarter results reflect momentum in several key areas of our business. Firmwide active flows were positive $9.3 billion in the third quarter, bringing year-to-date active net inflows to $21.6 billion, which translates to a 6.3% active annualized organic growth rate, continuing our best year to date in more than a decade.
Flows were driven by a continued rebound in fixed income and ongoing success with retail active equities. And in an environment of declining fee rates, AB's overall portfolio fee rate continues to be stable. Now let's get into the specifics, starting with a firmwide overview on Slide 4. Third-quarter gross sales of $26.3 billion increased 36% year on year and were down slightly sequentially.
Total firmwide net flows were positive $8.1 billion versus $1.3 billion in the prior year period and net inflows of $9.5 billion in the second quarter. Total assets under management of $592.4 billion at quarter end increased 8% year on year and 2% sequentially, making our highest AUM since the financial crisis. And average AUM was up 7% versus the prior year period and 4% sequentially. Slide 5 shows our quarterly flow trend by channel.
Firmwide net inflows were driven by Retail and Institutional, while Private Wealth flows remained negative for the quarter. In Retail, gross sales reached a record $21.1 billion, the highest in our Retail history and increased versus both prior periods. And net inflows of $7.4 billion compared to modest inflows in the year-ago period and were higher sequentially. In the bottom left chart, you could see Institutional gross sales of $2.9 billion, while redemptions were flat.
This resulted in Institutional net inflows of $1.5 billion. In Private Wealth, gross sales of $2.3 billion were down versus the prior year period and from this year's second quarter due to softening sales trends caused by clients' cautious market sentiment, leading to net outflows of $800 million. Our annualized outflow rate remains below the 20-year average despite volatile markets. Now let's turn to investment performance beginning on Slide 6.
In fixed income, our percentage of outperforming assets for the one-year period remained flat sequentially, but has improved relative to recent results. And our percentage of assets outperforming for the three-year period increased to 82% from 63% last quarter. With a rebound in the percentage of assets outperforming, we continue to have high conviction that our global, diversified approach will produce the best risk-adjusted returns over time, which you can see in our five-year track record with 90% of assets outperforming. In equities, our investment performance was noteworthy, with 63% of assets outperforming for the one-year, 79% for the three-year and 84% for the five-year.
Slides 7 and 8 provide more insight on retail fixed income and equity investment performance. The fixed income table on Slide 7 reflects that our long-term track records remain compelling. Performance in our income portfolios has been particularly strong. American Income is top decile for the one-year period and top quartile for the three and five-year periods.
European Income is top decile for both the one and five-year periods and top quartile for the three-year period. Mortgage Income beat its benchmark by 200 to 300 basis points for the one, three and five-year periods, and AB income remains top decile for the three and five-year periods and top quartile for the one-year period. Moving on to equities on Slide 8. Our Concentrated Global, Global Low Vol, Global Core and large-cap growth strategies are significant out-performers.
In fact, Concentrated Global, Global Low Vol and Global Core are each top decile across all time periods. Concentrated U.S. growth is top decile for the one-year and top quartile for the three-year, and large-cap growth is top quartile for the one and three-year and top decile for the five-year. These are impressive rankings, even as we continue to see underperformance in our values emerging market strategies.
Let's move on to our client channels beginning with Retail on Slide 9. We're seeing remarkable results from the years we spent investing in our Retail platform. Our overall sales of $21.1 billion were up 67% year-over-year and surpasses last quarter as the highest sales quarter in Retail history by 12%. We also saw sales strengthened across regions during the quarter, including sequential increases across all regions except EMEA and year-on-year sales growth in Asia ex Japan, U.S.
Retail, EMEA and Latin America. The top left chart shows the pickup in Asia ex Japan industrywide Retail bond fund sales for the 12-month period. Our third-quarter sales of $11.3 billion in the region were the highest in history. What's more, the average fee rate on our gross sales in the quarter is 22% higher than our overall channel average.
Net inflows of $7.4 billion were the highest in 19 years, positive for a fifth straight quarter and represent our third consecutive quarter exceeding $5 billion. And our sources of flows are diverse, 14 funds attracted net flows of $100 million or more in the quarter with 7 of them fixed income, six equity and one multi-asset, and we hit a number of milestones during the quarter as well. AB Retail assets under management of $223 billion at quarter end is again at an all-time high. 50 retail offerings have more than $1 billion in assets under management at quarter end, and AB ranked 6th out of 458 asset managers in U.S.
Retail active equity net inflows for the quarter and seventh year to date. Now I'll discuss Institutional on Slide 10. We saw a substantial pipeline growth and net inflows turned positive for the year at $1 billion, with gross sales reaching $2.9 billion and limited client outflows. Our Institutional pipeline grew from $7.1 billion at the end of the second quarter to $11.6 billion, that's up 63% sequentially and 47% year on year.
Our pipeline's annualized fee base also reached a new high of more than $40 million, with strong equity and alternative divisions. And it's our eighth straight quarter in which we exceeded $30 million as illustrated in the top left chart. New additions in the third quarter of $6.4 billion included more than $3 billion in active equities are the highest in two years at the average fee of more than twice the channel average. This is notable considering the industrywide fee rate contraction.
The consultant support is also contributing to the success we're having. New ratings reported in the second quarter have resulted in three third quarter pipeline adds, and we continue to see a steady stream of RFP activity. And beyond equities, it's important to note that we're seeing success in other areas, including multi-asset and alternatives, lifetime income strategies, custom alternative solutions, middle-market direct lending. This bodes well for our future revenues.
Moving to Private Wealth management on Slide 11. Client engagement remains high in the face of softening sales trends. Third-quarter gross sales of $2.three billion are down 23% sequentially and year on year, and the flows were negative with outflows of $800 million. But despite volatile markets, our annualized outflow rate remains below the 20-year average.
We're seeing in client engagement as they maintain their long-term strategic allocations due to advice that includes volatility tools and alternative strategies. Our advice model and investment platform continue to resonate with a broader and more affluent and high-complexity client base. We've added more than $1.6 billion in net inflows to our suite of alternative and focused equity services year to date, bringing total deployed and committed assets to $10.8 billion at quarter end. That's the bottom left chart.
We closed our first opportunity zone transaction, $50 million in commitments with an additional operating plan for the fourth quarter. Growing our advisor base remains a top priority for us as well. We've reached our year-end targeted advisor headcount of 5% year to date. I'll finish our business overview with the sell-side on Slide 12.
Bernstein Research continues to feel the effects of a difficult environment as customer activity remain depressed in most geographies. Revenues of $102 million were near flat year on year and down 4% sequentially. However, excluding our April 1 acquisition of Autonomous Research, revenues declined 10% year on year. While disappointing, we continue to believe that differentiated offering will ultimately drive client activity.
The integration of Autonomous is going well, and our cross-selling efforts are ramping up with more than 100 potential new clients. We had another strong showing in the Institutional Investor AART Survey, with 18 top-ranked sectors compared to 17 last year. Bernstein Research ranked No. 1 for best European dark pool liquidity algos in the annual Greenwich Associates survey.
And we're a finalist in all five electronic trading categories in another respected survey. We continue to globalize our research and trading capabilities, a new global emerging markets financial research product was launched and a research shed and sales operation was built out this past July in India. While year-to-date trends continue to be below our expectations, we're thoughtfully managing our operations and navigating to a tough environment. I'll close by highlighting some of our third-quarter accomplishments on Slide 13.
We continue delivering differentiated returns for clients with our diverse products. And we further scaled and commercialized our offerings with continued success of our Retail active equity franchise and a pickup in fixed income. We recently established a loan and CLO management business which will leverage the resources and infrastructure of our existing high-yield credit business and our middle-market direct lending platform. And we remain focused on expense management and executing our relocation to Nashville, which is on plan to achieve our annual ongoing annual expense savings target once the transition is completed in 2024.
I'll also add that we've made great strides with our responsible investing platform and our broader corporate responsibility efforts. In this past quarter, we announced a collaboration with Columbia University's Earth Institute, home to the Lamont-Doherty Earth Observatory to create a first of its kind, intensive curriculum focused on climate risk and investment performance. I'm very proud of what we've achieved during the quarter despite the presence of some challenges. Now I'll turn it over to John to review our financials.
John Weisenseel -- Chief Financial Officer
Thank you, Seth. Let's start with the GAAP income statement on Slide 15. Third-quarter GAAP net revenues of $878 million increased 3% from the prior year period. Operating income of $203 million increased -- decreased 5%.
And the 22.6% operating margin decreased by 250 basis points. GAAP EPU of $0.62 compared to $0.68 in the third quarter of 2018. As always, I'll focus our 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 upon our adjusted results, which we provide in addition to and not as substitute for our GAAP results.
Our extended 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 included on Slide 16. Third-quarter revenues of $727 million were flat to the prior year, while operating income of $200 million and a margin of 27.5%, all decreased year on year. We earned and will distribute to our unitholders $0.63 per year -- per unit compared to $0.69 for last year's third quarter.
Lower performance fees combined with higher compensation and G&A expenses currently drove the weaker results. Revenues, operating income and margin all increased from the second quarter, primarily due to higher base investment fees and lower promotion servicing and G&A expenses. We delve into these items in more detail on our adjusted income statement on Slide 17. Beginning with revenues.
Third-quarter net revenues of $727 million were flat year on year. Third-quarter base fees increased 6% from the same prior period due to higher average AUM across all three distribution channels. Compared to the third quarter of 2018, total average AUM increased 7.2%. The portfolio fee rate of 41 basis points has been relatively stable, both year on year and sequentially.
Third-quarter performance fees of $8 million compared to $41 million in the same prior year period. As discussed on our previousearnings call last year's third-quarter performance fees included $35 million related to two funds, Financial Services Opportunity Fund I and Real Estate Equity Fund I, which have either been liquidated or mostly liquidated. As expected, these two funds did not generate any performance fees in the current year's third quarter and are the drivers to the decline versus the prior year period. Third-quarter Bernstein Research Services revenues of $102 million were relatively flat year on year and include revenues from the Autonomous acquisition, which closed on April 1.
Excluding Autonomous, Bernstein Research Services' revenues decreased 10% year on year and 4% sequentially from this year's second quarter, primarily due to a lower global client activity and trading commissions. Third-quarter net distribution expenses increased $7 million year on year as a result of higher Asia Retail fund sales and AUM. Investment gains of $4 million increased by $2 million versus the same prior period due to higher seed investment gains. Other revenues increased $2 million compared to the same prior period because of higher dividends and interest earned on our broker-dealer and seed investments.
Moving to adjusted expenses. All in, our total third-quarter operating expenses of $527 million increased 3% year on year. For the third-quarter, transition costs related to our Nashville corporate headquarters relocation totaled $8 million compared to estimated expense savings of $4 million, resulting in a net $4 million reduction in operating income at about a net $0.01 reduction in EPU. Of the net $4 million, approximately $2 million is compensation related with substantially all included in the comp ratio calculation, the remaining $2 million representing increased occupancy costs.
For the 2019 nine month's year-to-date period, transition costs totaled $25 million compared to estimated expense savings of $12 million, resulting in a net $13 million reduction in operating income. Of the net $13 million, approximately $8 million is compensation related with substantially all included in the comp ratio calculation and the remaining $5 million representing increased occupancy costs. Total compensation and benefits expense increased 2% year on year on higher base salaries and fringe benefits, which were partially offset by lower incentive compensation. We accrued compensation at a 48.5% of adjusted net revenues for the third quarter this year compared to 49.5% for the first half of this year, and 47.5% for the third quarter of 2018.
We plan to revisit our comp ratio and adjust accordingly as we gain further clarity as to the full year's revenue, compensation requirements for our business and the transition costs relating to our corporate headquarters relocation. Given current market conditions, we do not expect the fourth quarter comp ratio to exceed 48.5%. Third-quarter promotion and servicing increased 7% versus the same prior year period due to higher T&E and marketing expenses, resulting from the timing of our client meetings and digital marketing initiatives, and the 8% sequential decrease came from lower expected seasonal T&E and marketing spend. Third-quarter G&A increased 6% year on year due to higher occupancy relating primarily to our Nashville relocation and higher technology expenses relating to our ambitious initiatives.
Excluding the increase in occupancy, G&A would have increased 3% year on year. Our nine-month year-to-date combined promotion, servicing and G&A expenses of $471 million increased less than 4% versus the prior year. Excluding the occupancy portion of the national relocation expenses, the increase was less than 3%, reflecting our continued focus on expense management. Third-quarter operating income of $200 million decreased 7% from the prior year on flat revenues, while expenses increased modestly.
The 11% sequential increase is due primarily to higher base fees and a moderate decline in expenses. Third-quarter operating margin of 27.5% decreased 220 basis points year on year and increased 240 basis points sequentially. Of the 220 basis point year-on-year decline, 100 basis points is attributed to the higher comp ratio. You may have noticed that our third-quarter adjusted EPU was $0.01 higher than our GAAP EPU, while adjusted operating income was $3 million lower than our GAAP operating income.
This is due primarily to the exclusion of the following two items from our adjusted results, which are not part of our core business operations. First, we excluded approximately $500,000 of acquisition expenses relating to Autonomous Research. Second, we de-consolidated certain seed investments in our adjusted results that we had consolidated for GAAP reporting. Consolidating these investments increased operating income by $4 million, but did not affect net income or EPU.
The third-quarter effective tax rate for AllianceBernstein L.P. was 5.3%, about as expected. Finally, the range of cost savings to be realized over the transition period of 2018 to 2024 for our corporate headquarters location is now expected to range from $180 million to $190 million compared to our previously forecasted range of $190 million to $200 million due to the delay in the relocation of certain loss to Nashville and the related compensated savings. All other components of our guidance remain unchanged, including the largest EPU impact of an estimated $0.08 reduction for 2019, breakeven or possibly a slight increase in EPU by 2021 and ongoing annual expense savings of $70 million to $75 million beginning in 2025.
And with that, Seth, Jim and I are pleased to answer your questions.
Questions & Answers:
Operator
Thank you. [Operator instructions] Your first question comes from the line of Mike Carrier from Bank of America Merrill Lynch. Please go ahead.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
Good morning and thanks for taking the questions. May 1, just retail sales and net flows were impressive, just given the environment, yet the Private Wealth, it was muted. It seems maybe a little bit odd, obviously, like the client base is different, but still, it's still unlike the Retail category. So maybe if you can provide some color around the mix and drivers for that difference? And then what do you think could turn those net flows around on the Private Wealth side?
Seth Bernstein -- President and Chief Executive Officer
Mike, that's a good observation. The -- in pieces, you're correct that if you look at our U.S. Retail business was actually quite strong. And as you point out, the big issue with flows in our wealth management business this quarter was our overall production levels.
All I can say is that in our wealth management business, we continue to be thrilled with the level of engagement that we're having with the types of clients that we want to have conversations with. The -- we are seeing exactly what we said, which is some delays in transactions and other liquidity events, given some of the turbulence in the market. And also, I think some caution on the part of our clients that's bleeding some of their money in cash. But our overall momentum and excitement in that business remains robust, and we continue to do the right things, to move the business in the right direction, so we're feeling good about how that business is trending.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
OK. That's helpful. And then given the announcement on the syndicated loan and the CLO strategy. I guess, on one hand, makes some sense, just given the demand that we're seeing in that area and then maybe like fixed income strength.
But it also seems like fairly competitive and maybe later cycle. So just, look, why now? And how do you think AB will try to differentiate from a lot of players out there?
Seth Bernstein -- President and Chief Executive Officer
I think that -- hey, Mike, it's Seth. With this, it's been a long credit cycle. I do think that we have very strong credit skills embedded in both our high-yield business and our middle-market lending business. We've been looking for the right group, looking for the right talent, and we have found some really good people who we have confidence in.
We're going to take our time to develop it because we recognize where we are in this cycle. But it fits -- it fills a gap for us in the asset class. It's a direct extension of our own capabilities. And I think we feel that we are experienced enough in managing CLOs in our own portfolios and other securitized assets that we can manage well through what could be more volatile market conditions for spread product.
So I think it's a timing issue. But ultimately, we're doing this with a very long perspective in terms of the growth of this business and its place in our lineup. And it was really about finding the right talent.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
OK. Thanks a lot.
Operator
Your next question comes from the line of Dan Fannon from Jefferies. Please go ahead.
James Steele -- Jefferies -- Analyst
Yes. Good morning. This is actually James Steele filling in for Dan. So my question is just on the fee rate.
Obviously, you mentioned kind of a declining fee environment that continue to see the Institutional business coming at higher fees, which is kind of very different from what we're seeing elsewhere in the industry and kind of advise different to what your existing book of business seems to be doing. So just curious as to what might be driving that kind of disconnect?
John Weisenseel -- Chief Financial Officer
Sure. James, it's John. As we talked about the pipeline is a great example of this. So over $6 billion added to the pipeline this quarter.
It's the Institutional pipeline, and roughly half of that was equities, which were, obviously, higher fee rate than in the past when maybe we had a lot of fixed income in the pipeline. And when we look at the composition of the pipeline right now, it's very well diversified between equities and alternatives and multi-asset and fixed income. In fact, equities and alternatives for the entire $11.6 billion pipeline are the highest-weighted strategies, and that will bode well into the future. For the fee rate, as we talked about, with that pipeline having the highest annual fee base associated with it that we've ever had, which is over $40 million.
Seth Bernstein -- President and Chief Executive Officer
But I think it, just to add, I think it really speaks to where we came from relative to others. We had a much more fixed income-heavy Institutional book of business relative to our peers, and that's just a reflection. We're seeing the same effects as the rest of the industry.
John Weisenseel -- Chief Financial Officer
Absolutely. In terms of, definitely, we're seeing a receipt pressure on Institutional on the fixed income mandates. Without a doubt, that's there, and we expect that to continue to be. But the other factor also impacting the overall fee rate on the entire portfolio and keeping it stable to slightly higher, the 41 basis points, there's also the strength in our Retail business, particularly in the Asia Retail products, which carry high fee rates.
James Steele -- Jefferies -- Analyst
Got it. Thank you. And then secondly, just on American income, I know that, that's been a huge driver of inflows for you guys year to date, knowing that, that is sort of -- that is cyclical product in terms of asset gathering, just if there's a way for us to think about where we are in the cycle?
Seth Bernstein -- President and Chief Executive Officer
Yes. Look, I think Asian investors, which is where we sell the predominant amount of that service have just a very strong demand for yield. They've just got income-oriented market set for us, but it's a very volatile part of the world. And we've seen it.
We've seen it in our flows. We saw it last year, where it was negative. And so it's hard for us to forecast where those flows are going to go, but it's clear that the appetite for fixed income flows globally, demand has been much stronger as policy -- policymakers have been cutting rates. But I mean, frankly, populations which are focused more on retirement, income is the -- is a product that they really want.
They want security around that. So we're very positive about our income suite growth globally and the performance of that income suite, it's not just American income, I think, has warranted the interest it's received.
James Steele -- Jefferies -- Analyst
Great. Thank you.
Operator
[Operator instructions] Your next question comes from the line of Bill Katz from Citi. Please go ahead.
Bill Katz -- Citi -- Analyst
OK. Thank you very much for taking the questions. Good morning. So call it big-picture question, I guess, the first one is a two parts, so bear with me.
So there's been a fair amount of, what I would call, commoditization or democratization of the Retail system over the last few weeks or so. So the sort of question is, you've seen the migration of free trading from some of the online brokers? And then secondly, one of your peers in the U.S. wealth management has sort of shifted their strategy around that proprietary SMA platform and then using third-party SMAs. Can you talk a little bit about how either of these might impact the business, just from an earnings perspective, tactically? But then the broader picture is how you're thinking about your captive strategy in the private client business? And is there any risk to that as a result of these changes?
Seth Bernstein -- President and Chief Executive Officer
Bill, I think, if I look at our wealth management strategy, as we've indicated, we are focusing on higher-wealth, higher-complexity clients, which, for some of the -- anticipating some of the trends that you just called out. And if you look at, for example, some of the attach rates on alternatives with those clients. It just speaks to the types of differentiated return sources that we're seeking to provide that set of clients. In addition to all the other things that those clients need in terms of generational wealth planning and tax issues and the like.
So we feel good about where we're going because we think that, that serves a distinct need in the client and in the marketplace that helps insulate us against some of the commoditization issues that I think you're speaking to.
Bill Katz -- Citi -- Analyst
OK. And a follow-up. I'm curious you're thinking, I know you've had some changes here and there around the MLP structure in terms of not looking at C corp, looking at it as it being a fair amount in the arbitrage between earnings solution and the multiple. But given the fact that the bulk of the alternative managers have now converted to C corp.
and arguably have enjoyed some very strong multiple expansion. Can you give us your updated thoughts on the pros and cons of staying as MLP versus converting to C corp?
John Weisenseel -- Chief Financial Officer
Yes, Bill, it's John. Again, I think it's -- the story is still the same for us. And I think maybe what differentiates us against some of the other folks who have converted is that we still have that the large ownership of AXA, over 65% of the firm. And so, I think, some of the other folks have converted, their play is to get included in an index.
And hope that, that will help drive increased trading and multiple expansion in their stock. And with us, I don't see us being able to get included in an index with that large ownership of AXA. So that, and for the reason that our effective tax rate is so low compared to the others, there's so much tax leakage that if it did convert, and again, would require a multiple expansion of well over 12%, just to keep folks whole. We currently pay out, we have a payout ratio that's over 100%, we're paying out all of our earnings, we're buying back the equity that we issue for stock-based comp so I really don't see the benefit to our unitholder.
If you look at it to them on an after-tax basis through the conversion. So we're still -- we'll still monitor it. We'll still continue to look at it. But right now, we're staying in MLP.
Seth Bernstein -- President and Chief Executive Officer
And Bill, it's Seth, just to clarify, AXA is AXA Equitable.
Bill Katz -- Citi -- Analyst
Right. Thank you very much.
Operator
There are no further questions at this time. Mr. Lesser, I turn the call back over to you.
David Lesser -- Corporate Secretary
Thank you, everyone, for participating in our call today. Feel free to contact investor relations with any further questions. Have a great day.
Operator
[Operator signoff]
Duration: 40 minutes
Call participants:
David Lesser -- Corporate Secretary
Seth Bernstein -- President and Chief Executive Officer
John Weisenseel -- Chief Financial Officer
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
James Steele -- Jefferies -- Analyst
Bill Katz -- Citi -- 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. | AllianceBernstein Holding (NYSE: AB) Q3 2019 Earnings Call Oct 24, 2019, 8:00 a.m. [Operator instructions] 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 your host for this call, corporate secretary for AB, Mr. David Lesser. | For the third-quarter, transition costs related to our Nashville corporate headquarters relocation totaled $8 million compared to estimated expense savings of $4 million, resulting in a net $4 million reduction in operating income at about a net $0.01 reduction in EPU. Operator [Operator signoff] Duration: 40 minutes Call participants: David Lesser -- Corporate Secretary Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer Mike Carrier -- Bank of America Merrill Lynch -- Analyst James Steele -- Jefferies -- Analyst Bill Katz -- Citi -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q3 2019 Earnings Call Oct 24, 2019, 8:00 a.m. | Operator [Operator signoff] Duration: 40 minutes Call participants: David Lesser -- Corporate Secretary Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer Mike Carrier -- Bank of America Merrill Lynch -- Analyst James Steele -- Jefferies -- Analyst Bill Katz -- Citi -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q3 2019 Earnings Call Oct 24, 2019, 8:00 a.m. [Operator instructions] As a reminder, this conference is being recorded and will be available for replay for one week. | But our overall momentum and excitement in that business remains robust, and we continue to do the right things, to move the business in the right direction, so we're feeling good about how that business is trending. Operator [Operator signoff] Duration: 40 minutes Call participants: David Lesser -- Corporate Secretary Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer Mike Carrier -- Bank of America Merrill Lynch -- Analyst James Steele -- Jefferies -- Analyst Bill Katz -- Citi -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q3 2019 Earnings Call Oct 24, 2019, 8:00 a.m. |
21640.0 | 2019-10-24 00:00:00 UTC | Bullish Two Hundred Day Moving Average Cross - AB | AB | https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-ab-2019-10-24 | nan | nan | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.11, changing hands as high as $29.68 per share. AllianceBernstein Holding LP shares are currently trading up about 4.3% 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.39.
Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.11, changing hands as high as $29.68 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.39. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.11, changing hands as high as $29.68 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.39. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.11, changing hands as high as $29.68 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.39. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.11, changing hands as high as $29.68 per share. AllianceBernstein Holding LP shares are currently trading up about 4.3% 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.39. |
21641.0 | 2019-10-24 00:00:00 UTC | AllianceBernstein Holding L.P. Q3 adjusted earnings Inline With Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q3-adjusted-earnings-inline-with-estimates-2019-10-24 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced earnings for third quarter that dropped from the same period last year.
The company's bottom line came in at $187.81 million, or $0.62 per share. This compares with $203.67 million, or $0.68 per share, in last year's third quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $60.36 million or $0.63 per share for the period.
Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.3% to $877.87 million from $850.18 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q3): $60.36 Mln. vs. $66.94 Mln. last year. -EPS (Q3): $0.63 vs. $0.69 last year. -Analysts Estimate: $0.63 -Revenue (Q3): $877.87 Mln vs. $850.18 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) announced earnings for third quarter that dropped from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $60.36 million or $0.63 per share for the period. Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced earnings for third quarter that dropped from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $60.36 million or $0.63 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced earnings for third quarter that dropped from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $60.36 million or $0.63 per share for the period. The company's revenue for the quarter rose 3.3% to $877.87 million from $850.18 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced earnings for third quarter that dropped from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $60.36 million or $0.63 per share for the period. -Analysts Estimate: $0.63 -Revenue (Q3): $877.87 Mln vs. $850.18 Mln last year. |
21642.0 | 2019-10-01 00:00:00 UTC | AB Crosses Below Key Moving Average Level | AB | https://www.nasdaq.com/articles/ab-crosses-below-key-moving-average-level-2019-10-01 | nan | nan | In trading on Tuesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.94, changing hands as low as $28.82 per share. AllianceBernstein Holding LP shares are currently trading off about 0.9% 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.11.
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 Tuesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.94, changing hands as low as $28.82 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.11. AllianceBernstein Holding LP shares are currently trading off about 0.9% on the day. | In trading on Tuesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.94, changing hands as low as $28.82 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.11. AllianceBernstein Holding LP shares are currently trading off about 0.9% on the day. | In trading on Tuesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.94, changing hands as low as $28.82 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.11. AllianceBernstein Holding LP shares are currently trading off about 0.9% on the day. | In trading on Tuesday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.94, changing hands as low as $28.82 per share. AllianceBernstein Holding LP shares are currently trading off about 0.9% 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.11. |
21643.0 | 2019-09-13 00:00:00 UTC | 5 Cheap Dividend Stocks to Buy | AB | https://www.nasdaq.com/articles/5-cheap-dividend-stocks-to-buy-2019-09-13 | nan | nan | What does “on the cheap” mean in the stock market? To me, it means stocks which are valued not only below fair market values when looking at assets and revenues, but also when looking at the proven progress underway in the company.
So far this year, the general stock market has been on a tear. The S&P 500 has climbed in price by 21% year-to-date.
But I can easily steer you to a collection of stocks with much more reasonable, and even ample, dividend yields. And this is a collection of stocks that are performing — but are also still values to buy right now.
Dividend Stocks to Buy: AllianceBernstein (AB)
Dividend Yield: 7.5%
AllianceBernstein (NYSE:) is a pass-through company in the asset management business. The key thing about asset managers is knowing the value of assets under management. They don’t have to be exceptional in their investing — just good enough to attract and keep assets on which they earn fees year-in and year-out.
AllianceBernstein’s assets under management has climbed 25.8% over the trailing four years to a current . That has resulted in revenue gains for the same period of 30.1%. This in turn is driving higher returns for shareholders with the return on equity running at 14.9%. But the real deal is that the shares trade at a discount to revenue by some 18.7% making the shares cheap.
AB stock has been a good performer with the trailing five years generating a total return of 60.4% with an average annual equivalent of 10.4%.*
*All total return figures were calculated by Bloomberg Terminal, factoring in dividends reinvested on the day of distribution.
Compass Diversified (CODI)
Dividend Yield: 7.6%
Compass Diversified (NYSE:) is an investment holding company set up under the Investment Companies Act of 1940. As such it operates without paying federal corporate income taxes, meaning that CODI has more cash for dividend payments to investors.
The company buys and owns a collection of well-branded industrial and consumer goods companies. And it in turn works with management teams to further develop business values. From time to time, Compass Diversified will sell the companies when appropriate. Along the way, CODI collects cash flows from the operating companies and in turn pays an ample dividend currently yielding 7.6%.
Revenues are firmly on the rise with the trailing year’s sales gain at 33.2%. Margins are positive, helping to drive a return on shareholder equity of 39.3%.
And the stock is very cheap as it is valued at a 30% discount to trailing sales — which as noted are firmly on the rise.
Compass Diversified continues to deliver with shares generating a total return over the past five years of 62.1% for an average annual equivalent return of 9.9%.
W.P. Carey (WPC)
Dividend Yield: 4.7%
W.P. Carey (NYSE:) is a highly successful real estate investment trust with a diverse collection of properties across segments. But these properties all have in common is the company’s signature structure of triple-net sale-leasebacks. This is where W.P. Carey typically acquires a property from a significant company — or even government entity — and in turn leases it back to the seller for long-term lease. In addition, the tenant pays the taxes, insurance and general upkeep costs, hence the term “triple-net.”
This structure has major benefits. To start, W.P. Carey gets established tenants for their leased properties. And with longer-term leases it sets the company up with more dependable income. With the expenses of taxes, insurance and maintenance it reduces costs and uncertainty for the company.
Revenues are up for the trailing year by 4.4%. The return on funds from operations, which measures the profitability of just running the properties, is at a very healthy 12.8%.
The dividend is yielding 4.7% and the actual distributions have been rising each and every quarter for years. Some estimate that it has been raising dividends . The stock has generated a trailing five year total return of 77.2% for an average annualized equivalent return of 12.1%.
And despite the quality of the company’s assets and performance along with that rising dividend distribution, the stock is cheap compared to the general REIT market — as measured by the . The stock’s price is at a mere 2.2 times book which is significantly cheaper than the general market average of 2.74 times. This make W.P. Carey a cheap stock with great assets and a rising dividend.
TPG Specialty Lending (TSLX)
Dividend Yield: 7.5%
TPG Specialty Lending (NYSE:) provides financing and capital to a variety of companies. TPG Specialty is part of the famous TPG Capital, formally called the Texas Pacific Group. Texas Pacific Group is one of the largest and more successful private equity firms in the world — and TPG Specialty draws talent and resources from that relationship.
Revenues are up on a tear with the trailing year climbing by 24.2%. Its net interest margin, which measure the difference in funding costs against interest earnings, is running at 10% and it keeps its efficiency ratio humming at a profitable 31.5% which means that it costs only 32 cents to earn each dollar of revenue.
The company has generated a return of 90.7% over the trailing five years for an average annual equivalent of 13.8%.
It pays regular dividends quarterly, providing a yield of 7.5%. But it also regularly pays additional dividends from ongoing profits for a current annual yield of 8.63%.
In addition, since it is also set up under the Investment Companies Act of 1040 and the — it avoids federal income taxes — leaving more cash to feed that dividend. The company is cheaply run with great margins and a great dividend stream, making for a good value right now.
AT&T (T)
Dividend Yield: 3%
American Telephone & Telegraph referred to as Ma Bell, or now as AT&T (NYSE:), is a well-known company. It offers wired and wireless communications, internet and data transmission, satellite and cable content distribution as well as streaming. And oh yes, it comes with a huge content warehouse and generator in WarnerMedia.
The direct comparison is Verizon (NYSE:) which is a good dividend stock. But AT&T is way, way cheaper. AT&T’s stock is valued at a mere 1.5 times book which is way cheaper than Verizon’s stock value of 4.4 times book.
Revenue is rising with the trailing year up by 6.4%. And while the company has a lot of components, overall operating margins are running at a fat 15.3% which in turn drives a nice return on equity running at 9.5%.
It has built up debt in its acquisition of Time Warner — but it is manageable at only 33.2% of its assets.
The stock has trailed Verizon until recently. Elliott Management announced that it has amassed $3.2 billion of the company’s stock. wants AT&T to hone its focus and sell some of its superfluous operations. And the market likes what it sees.
Over the past five years, the stock has returned 46% for an average annual equivalent return of 7.9%. But for the year-to-date, the stock has returned 34.7%.
The dividend is running with a yield of 5.3%. Good and rising dividends, a stock that’s cheap compared to its prime rival and a shake-up potentially in the works make AT&T a good buy right now.
And now that I’ve presented some dividend stocks on the cheap, perhaps you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. Click to learn more.
Neil George is the editor of and does not have any holdings in the securities mentioned above.
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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 now that I’ve presented some dividend stocks on the cheap, perhaps you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. But I can easily steer you to a collection of stocks with much more reasonable, and even ample, dividend yields. Dividend Stocks to Buy: AllianceBernstein (AB) Dividend Yield: 7.5% AllianceBernstein (NYSE:) is a pass-through company in the asset management business. | Dividend Stocks to Buy: AllianceBernstein (AB) Dividend Yield: 7.5% AllianceBernstein (NYSE:) is a pass-through company in the asset management business. But I can easily steer you to a collection of stocks with much more reasonable, and even ample, dividend yields. The key thing about asset managers is knowing the value of assets under management. | Dividend Stocks to Buy: AllianceBernstein (AB) Dividend Yield: 7.5% AllianceBernstein (NYSE:) is a pass-through company in the asset management business. But I can easily steer you to a collection of stocks with much more reasonable, and even ample, dividend yields. The key thing about asset managers is knowing the value of assets under management. | Dividend Stocks to Buy: AllianceBernstein (AB) Dividend Yield: 7.5% AllianceBernstein (NYSE:) is a pass-through company in the asset management business. AB stock has been a good performer with the trailing five years generating a total return of 60.4% with an average annual equivalent of 10.4%. But I can easily steer you to a collection of stocks with much more reasonable, and even ample, dividend yields. |
21644.0 | 2019-07-25 00:00:00 UTC | AllianceBernstein Holding (AB) Q2 2019 Earnings Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-ab-q2-2019-earnings-call-transcript-2019-07-25 | nan | nan | Image source: The Motley Fool.
AllianceBernstein Holding (NYSE: AB)
Q2 2019 Earnings Call
Jul 25, 2019, 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 second-quarter 2019 earnings review. [Operator instructions] 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, the head of investor relations for AB, Ms. Hallie Elsner.
Please go ahead.
Hallie Elsner -- Head of Investor Relations
Thank you, Carol. Good morning, everyone, and welcome to our second-quarter 2019 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; John Weisenseel, our CFO; and Jim Gingrich, our COO, will present our results and take questions after our prepared remarks.
Some of the information we 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 second-quarter 2019 10-Q, which we filed this morning. Under regulation FD, management may only address questions of a material nature from the investment community in a public forum.
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So please ask all such questions during this call. Now I'll turn it over to Seth.
Seth Bernstein -- President and Chief Executive Officer
Good morning. Thank you for joining us today. Our second-quarter results reflect momentum in several areas of our business. Firmwide active flows were positive $10.2 billion in the second quarter, bringing year-to-date active net inflows to $12.3 billion, which translates to a 5.4% active annualized organic growth rate.
Flows were driven by the continuing rebound in fixed income, particularly in Asia ex Japan region and ongoing success of our revitalized active equity platform, which attracted another $1 billion in net inflows during the quarter. And in an environment of declining fee rates, AB's second-quarter average fee rate was stable year on year and increased slightly sequentially. Now let's get into the specifics. Starting with the firmwide overview on Slide 4.
Second-quarter gross sales of $27.3 billion increased 44% year-over-year and 18% sequentially. Total firmwide net flows were positive $9.5 billion versus net outflows in the prior-year period and net inflows of $1.1 billion in the first quarter. Total assets under management of $580.8 billion at quarter end increased 8% year on year and 5% sequential. And average AUM was up 4% versus the prior-year period and 5% sequentially.
Slide 5 shows our quarterly flow trend by channel. Firmwide net inflows were driven by retail and institutional, while private wealth flows turned negative. In retail, gross sales of $18.8 billion increased versus both prior periods and net inflows of $5.9 billion compared to outflows in the year ago period and were higher sequentially. In the bottom left chart, you can see the institutional gross sales of $5.5 billion also increased versus both periods and redemptions improved following an elevated first quarter that was the result of a variety of factors in the aftermath of the late 2018 market dislocation.
This resulted an institutional net inflows of $4.2 billion. In private wealth, gross sales of $3 billion were flat versus the prior-year period, excluding $500 million of sales related to Option Advantage launch. Redemptions increased versus both prior periods due to a single large institutional-like outflow and heightened outflows related to tax season, leading to net outflows of $600 million. Now let's turn to investment performance, beginning on Slide 6.
Our near-term fixed income performance has been challenged, though we saw some improvement in the one-year number in this quarter. Our percentage of assets outperforming for the three-year period declined to 63% as two large funds, Global High Yield and Global Bond, underperformed their category averages for the period. Our global diversified high income approach worked against us this quarter as many of our peers in the category invested in high yield corporates, especially U.S. high yield and have been performing well.
Despite the pullback in the percentage of assets outperforming, we continue to have high conviction that being well diversified produces the best risk-adjusted results over time, which you can see in our five-year track record with 91% of our assets outperforming. In equities, our investment performance was solid with 67% of our assets outperforming for the one year, 61% for the three-year and 83% for the five-year Slide 7 and 8 provide more insight on retail fixed income and equity investment performance. The fixed income table on Slide 7 reflects some of the near-term performance challenges I mentioned, but also shows that long-term track records remain compelling. Performance in our income portfolio has been particularly strong.
American Income is top quartile for the one and five-year periods. European Income is top decile for the one and five-year periods and top quartile for the three-year period. Mortgage Income remains top quartile for the three and five-year periods. And AB Income remains top decile for the three and five-year periods.
Moving onto equities on Slide 8. Our concentrated growth, low vol, global core and large-cap growth strategies are notable outperformers. In fact, Concentrated Global and Global Core each is top decile across time periods. Global Low Vol is top decile for the one and five-year periods.
Concentrated U.S. growth is top decile for the one year and top quartile for the three-year and large-cap growth is top quartile for the one and three-year and top decile for five years. These are impressive rankings even as we continue to see some underperformance on our value and emerging market strategies. Let's move on to our client channels beginning with retail on Slide 9.
We're seeing results of years we've spent investing in our retail platform to better serve clients globally with a diverse set of product offerings. The outlook for steadier, if not declining rate environment, has attracted investors in Asia ex Japan region back to the fixed income market over the last several months as they search for yield opportunities. The top left chart shows the pickup in industrywide retail bond fund sales in the region in 2019. This rebound in sales positively affected our overall sales, which hit an all-time record for retail and flows in the quarter.
Combined second-quarter gross sales of American Income portfolio and Global High Yield amounted to $7.3 billion and brings year-to-date sales to $13 billion, more than triple versus the first half of 2018. And while the sales pickup in American Income and Global High Yield is notable, the sales only accounted for about 40% of our record quarter. We also saw sales strengthen in other regions during the quarter, including sequential and year-on-year sales growth in EMEA, Japan and U.S. subadvisory, a year-on-year increase in U.S.
retail and a sequential increase in Latin America. What's more? The average fee rate on our gross sales in the quarter is 20% higher than the overall channel average. Net inflows of $5.9 billion were our best in 19 years and brings year-to-date net inflows to $11.2 billion. And our sources of flows are diverse.
21 funds attracted net flows of $100 million or more year to date with 12 of them fixed income, 8 active equity and one multiasset. We hit a number of milestones during the quarter as well. AB retail assets under management of $215 billion at quarter end is at an all-time high and more than 50 retail offerings have more than $1 billion in assets under management at quarter end. Now I'll talk about institutional on Slide 10.
The years we've spent revitalizing our active equity franchise are clearly paying off. The top left chart shows sustained active equity sales success and flow momentum. Active equity gross sales of $2.4 billion represent our eighth straight $1 billion plus equity sales quarter, and our active equity net outflows of $1.1 billion were positive for the sixth straight quarter. Our institutional active equity platform of nearly $41 billion at quarter end has increased 23% over the past 18 months with 86% of that growth occurring organically, thanks to cumulative net inflows of $6.4 billion.
Considering the industrywide contraction, this is particularly impressive. Consultant support is also contributing to the success we're having. Five firms, two global and three major U.S. national, upgraded eight active equity strategies during the quarter, and we continue to see a steady stream of RFP activity.
And while we're certainly experiencing an abundance of success in equities, it's important to note that we're also seeing success in other areas including multiasset, where a win for our custom alternative solutions from a top tier pension fund and CRS fundings contributed 35% of channel sales in the quarter. Our year-end pipeline -- I'm sorry, our quarter-end pipeline of $7.1 billion declined sequentially as fundings increased following a quiet first quarter, but is flat compared to this time last year. With more than 50% of our pipeline adds in the quarter coming from active equity strategies, the average fee rate of new adds is more than double the fee rate on the overall channel. As a result, the pipeline's annual fee base exceeds $30 million for the seventh straight quarter.
This bodes well for both future revenues and fee rates. Moving to Private Wealth Management on Slide 11. Keeping clients invested and comfortable with their diversified allocations through intra-quarter volatility continues to payoff and attract new clients. Second-quarter gross sales of $3 billion brings our year-to-date sales to $6.3 billion for our best first half excluding Option Advantage in 11 years.
However, flows turned negative with outflows of $600 million. I mentioned earlier that this reversal is largely due to a single large institutional-like outflow as well as heightened activity related to tax season. Year to date, net flows are slightly negative at $100 million. Our advice model investment platform continue to resonate with a broader more affluent client base.
The average size of new client relationship increased 11% in the first half versus last year and more than a third of our first half gross sales were from new client relationships. We also added another $700 million in commitment to our suite of alternative and focused equity services during the quarter, bringing total deployed and committed assets above the $10 billion mark to $10.6 billion at quarter end. That's the bottom left chart. Our Responsible and Impact investing portfolio offerings continue to appeal to our clients.
Assets in a diverse array of responsible equity and fixed income services totaling $2.2 billion at quarter end, a 68% increase year-over-year. Growing our advisor base remains a top priority for us as well, and we remain on track for mid-single-digit growth in 2019. I'll finish with our overview with the sell side on Slide 12. Bernstein Research continues to face challenges along with many of our peers in the equity trading business as industry volumes remain depressed and the shift toward lower fee electronic trading persists.
Revenues of $106 million were flat year on year and up 18% sequentially. However, excluding our April 1 acquisition of Autonomous Research, revenues declined 9% year on year, driven by lower trading volumes and lower volatility in the U.S. year on year. That's the bottom left chart.
While disappointing, we continue to believe that a differentiated offering will ultimately drive client activity. We have another strong showing in a recent annual independent survey for both U.S. research and trading. Bernstein Research ranked No.
1 for the 17th straight year in Quality of Analyst Service and had No. 1 rankings in several other key areas. Our 35th Strategic Decisions Conference was attended by more than 1,100 clients and client meetings increased 4% versus last year, a testament to the value clients see in our differentiated research. We continue building at our offering in Asia with launches in Asia-Pacific healthcare, Indian IT services and emerging China semiconductors.
And new coverage for Asia coal, power and renewables expected soon. While year-to-date trends in this business are below our expectations, we're thoughtfully navigating a tough environment. So I'll close by highlighting some of our second-quarter accomplishments on Slide 13. We continued delivering differentiated returns for clients with our diverse products, and we further scaled and commercialized our offerings with momentum in active equities, a pickup in fixed income and wins across a diverse client base.
We remain focused on expense management and executing our relocation to Nashville. I'm proud of what we've achieved during the quarter despite the presence of some headwinds. Now I'll turn it over to John to review our financials.
John Weisenseel -- Chief Financial Officer
Thank you, Seth. Let's start with a GAAP income statement on Slide 15. Second-quarter GAAP net revenues of $858 million increased 2% from the prior-year period. Operating income of $184 million decreased 3% and the 20.6% operating margin decreased by 180 basis points.
GAAP EPU of $0.54 compared to $0.59 in the second quarter of 2018. As always, I'll focus our remarks from here on our adjusted results, which remove the effects of certain items that are not considered part of our core operating business. We base our distribution to unitholders upon our adjusted results, which we provide in addition to, and not as substitutes 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 included on Slide 16. Second-quarter revenues of $715 million, operating income of $180 million and our margin of 25.1% all decreased year on year. We earned and will distribute to our unitholders $0.56 per unit compared to $0.62 for last year's second quarter. Lower performance fees combined with higher compensation and G&A expenses primarily drove the weaker results.
Revenues, operating income and margin all increased from the first quarter, primarily due to a higher base, performance fees, Bernstein Research services revenues, which were partially offset by higher compensation and promotion and servicing expenses. We delve into these items in more detail on our adjusted income statement on Slide 17. Beginning with revenues. Second-quarter net revenues of $715 million decreased 1% year-over-year.
Second-quarter base fees increased 3% from the same prior period due to higher average AUM across the retail and private wealth distribution channels. Compared to the second quarter of 2018, total average AUM increased 4.4%. The portfolio fee rate of 41.4 basis points has been relatively stable both year on year and sequentially. Second-quarter performance fees of $11 million compared to $35 million in the same prior-year period.
Of the $24 million decrease, $14 million is attributed to performance fees earned from our Financial Services Opportunity Fund I or FSOF1 in the second-quarter 2018 and has since been liquidated with almost all of the remaining decrease attributed to lower fees earned on our Select Absolute Alpha equity long short fund. As a reminder, last year's third quarter performance fees included $35 million related to FSOF1 and Real Estate Equity Fund I, which has since been mostly liquidated. Therefore, we expect this year's third quarter performance fees to be slightly lower -- could be significantly lower than the third quarter of 2018. Second-quarter revenues of $106 million for Bernstein Research services were flat year on year and include revenues from the Autonomous acquisition, which closed on April 1.
Excluding Autonomous, Bernstein Research revenues decreased 9% year on year due to lower market volatility and client trading volumes, but increased 7% sequentially from the first quarter due to higher client activity in the U.S., Europe and Asia. Second-quarter net distribution expenses increased $4 million year on year as a result of higher Asia retail fund sales and U.S. municipal fund sales. Other revenues increased $5 million compared to the same prior period because of higher dividends and interest earned on our broker-dealer investments.
Interest expense increased $4 million year on year due to higher interest paid on broker-dealer customer balances resulting from higher interest rates. Moving to adjusted expenses. All in, our total second-quarter operating expenses of $535 million increased 2% year on year. For the second-quarter, transition costs related to our Nashville corporate headquarters relocation totaled $9 million compared to estimated expense savings of $4 million, resulting in a net $5 million reduction in operating income and about a net $0.02 reduction in EPU.
Of the net $5 million, approximately $4 million is compensation related and included in the comp ratio calculation, with the remaining $1 million representing increased occupancy costs. For the 2019 six-month year-to-date period, transition costs totaled $16 million compared to estimated expense savings of $7 million, resulting in a net $9 million reduction in operating income. Of the net $9 million, approximately $6 million is compensation related and included in the comp ratio calculation, with the remaining $3 million representing increased occupancy costs. Total compensation and benefits expense increased 1% year on year on higher base salaries, severance and fringe benefits, which were partially offset by lower incentive compensation.
We accrued compensation at 49.5% of adjusted net revenues for the second quarter this year, the same as the first quarter and versus 48.5% for the second quarter of last year. If our current revenue trend continues, we may accrue compensation at a 48.5% ratio for the second half of this year with the option to adjust accordingly throughout the remainder of the year if market conditions change as we gain further clarity regarding the compensation requirements for our business and the transition costs related to the corporate headquarters relocation. Second-quarter promotion and servicing decreased 2% versus the prior -- same prior period due to lower marketing expenses, and the 17% sequential increase came from higher expected seasonal T&E and marketing spend for the annual Bernstein Research Strategic Decisions Conference and Asia Investment Forum. Higher trade execution expenses related to the higher Bernstein Research revenues also contributed to the sequential increase.Second-quarter G&A increased 7% year on year due to higher occupancy, technology expense and lower foreign exchange translation gains, which were partially offset by lower portfolio servicing fees.
Second-quarter operating income of $180 million decreased 9% from the prior year as revenues declined slightly while expenses increased moderately. The 13% sequential increase from the first quarter is due primarily to higher base and performance fees. If we exclude the approximately $7 million of operating income contributed in the second quarter by last year by FSOF1, the fund since liquidated, and $5 million of net relocation expenses discussed earlier, then the operating income would have decreased by only 2% versus the second quarter of 2018. Second-quarter operating margin of 25.1% decreased 220 basis points year on year and increased 100 basis points sequentially.
Of the 220 basis point year-on-year decline, 80 basis points is attributed to the net relocation expenses, 40 basis points to the FSOF performance fees and the remaining 100 basis points to the higher comp ratio. You may have noticed that our second-quarter adjusted EPU was $0.02 higher than our GAAP EPU, while our adjusted operating income was $4 million lower than our GAAP operating income. This is due primarily to the exclusion of the following two items from our adjusted results, which are not part of our core business operations. First, we excluded $3 million in acquisition expenses related to Autonomous Research.
Second, we deconsolidated certain seed investments in our adjusted results that we had consolidated for GAAP reporting. Consolidating these investments increased operating income by $7 million, but did not affect income -- net income or EPU. The second-quarter effective tax rate for AllianceBernstein LP was 5.5%, about as expected. Finally, our Nashville corporate headquarters relocation continues to proceed according to plan.
We currently anticipate that the largest reduction in EPU during the transition period could be approximately $0.08 in 2019, which is $0.01 higher than our previous estimate. However, we still expect to achieve breakeven or possibly a slight increase in EPU by 2021. In addition, all other components of our guidance remain unchanged and are currently estimated within the ranges previously reported for transition costs, expected savings over the transition period and the ongoing annual cost savings once the transition period is completed in 2024. And with that, Seth, Jim, and I are pleased to answer your questions.
Questions & Answers:
Operator
[Operator instructions] Our first question this morning comes from Alex Blostein from Goldman Sachs. Please go ahead.
Alex Blostein -- Goldman Sachs -- Analyst
Great. Thanks. Hey, good morning, everybody. First question just maybe start with the dynamic around fee rates in the quarter.
Obviously, you guys are seeing significant traction on flows and these are all higher fee flows, but the base fee felt a little bit lighter. I'm not sure whether it's just the average in dynamic or something else going on. So maybe flush that out for us a little bit more. And as you think on a go-forward basis, given the mix of business and the flows you guys are seeing, how should we think about the blended fee rate over the coming quarters?
John Weisenseel -- Chief Financial Officer
Alex, it's John. The fee rate for the quarter was actually 41.4 basis points, which was up 0.2 basis points from the first quarter, and I think it was essentially almost flat versus the prior year. So I think we're very pleased it's hung in the way it has been. The strength in the retail sector, particularly the high yield instruments and strategies and the continued strength in the active equity is really what's keeping it either flat to slightly higher.
I think longer term, when we think out -- I mean, for the rest of this year, I would expect it to remain somewhere around the level it's currently at. And as we look forward into future years, as we continue to build out our alternatives platform, those are higher fee rate products. I think we're positioned to see potentially increases going forward in future years.
Alex Blostein -- Goldman Sachs -- Analyst
Got it. Thanks for that. And I guess on the business side of things, clearly, significant turnaround in fixed income flows for you guys over the last couple of quarters, this quarter in particular. Can you talk a little bit about sustainability of that? I know Asia ex Japan could be fairly lumpy.
So as you think about the macro conditions today and kind of the appetite on the ground for consistency of these flows going forward, I guess how should we think about that over the near term? Thanks.
Seth Bernstein -- President and Chief Executive Officer
Alex, I think you're right. That fixed income business is exposed to Asia. And while that is a very positive story over the long haul, it does tend to be -- it does tend to have its ups and downs. So maybe for the time being, we continue to see that momentum continue, and we'll just have to see how that plays out over time.
I think the other thing though that is interesting is that we've had some nice results in both the U.S. with AB Income and Europe with things like European Income, all of which are quite positive.
Alex Blostein -- Goldman Sachs -- Analyst
Great. Thanks very much for taking the questions.
Operator
Our next question comes from Mike Carrier from BAML. Please go ahead.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
Good morning and thanks for taking the questions. First question, just given the strength and diversification in the flows, and then particularly as you guys mentioned, I think it was 52 products that are over $1 billion. So you have scale. How should we be thinking about the operating leverage and margins ahead? John, I know you mentioned the comp ratio in the second half heading a bit lower, so that's going to help.
And then I know this year has the Nashville cost. But even as we think beyond this, given the momentum that you're seeing and I think in the past, you guys have said if the flows and the revenues are there, then we should expect some margin improvement over time.
John Weisenseel -- Chief Financial Officer
Mike, it's John. Why don't I start off and I think Jim may add some comments as well. But again, regarding the margin targets, we still are targeting 30%, and we think we definitely believe it's achievable. There's couple of headwinds currently that we have, for example, for this year, so we're dealing with the relocation to Nashville and that's going to continue for a couple of more years.
We also are dealing with the performance fees where last year we had $195 million of performance fees, $130 million of them were from the two funds that had been liquidated or in the process of being liquidated that I mentioned earlier. And then, of course, we have the sell side, which is -- the revenues are down year on year. I think, in fact, year to date, excluding Autonomous, they are down about 15%. So we're dealing with these items in the short run.
And of course, we're -- we have the markets that we're very much dependent upon as well. So this all factors into, obviously, when we get to that 30%. We definitely believe we're going to get there. It's just a question of when.
Jim Gingrich -- Chief Operating Officer -- Analyst
I would just add that we've always talked about the operating leverage. The incremental margin in this business being 45% to 50%, and there is no reason that that doesn't continue on a go-forward basis.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
OK. And maybe the second question. Just given the strength in the flows, particularly on the active site and particularly in retail relative to what we're seeing in the industry, what do you, like, attribute driving the strength given the initially backdrop? And I get the performance in some of the products and also having the fixed income strength and seeing that demand, but is it more product differentiation, the distribution? Is it some challenge and competition out there? It just seems the magnitude is much different than what we're seeing across the industry.
Seth Bernstein -- President and Chief Executive Officer
I think it is different, but -- Jim, why don't you go.
John Weisenseel -- Chief Financial Officer
Go ahead, Seth.
Seth Bernstein -- President and Chief Executive Officer
I think it is different. The performance that we've been generating I think is differentiated, but I also think it's the relevance of the products that we designed and have introduced that I think resonate with clients particularly in equities, where our focus -- whether it's large-cap growth or in concentrated growth have been very well received and the audiences have been broadening in both retail and in institutional for that matter. So I think that's been there. I also think that relative to some of our competitors, we are relatively under penetrated.
So I think people are interested in seeing our products and are giving us a shot and we've been delivering. So -- I don't know, Jim, do you want to add something?
Jim Gingrich -- Chief Operating Officer -- Analyst
I think you're right. I mean, we have -- if I look at the quarter, obviously, the strength that we saw in Asia ex Japan was a big contributor. But that said, we were positive in retail in all geographies with particular strength in the U.S. and Japan in addition to Asia ex.
So as you just said, Seth, I think it is a pretty broad-based positive story that's happening.
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
OK. Thanks a lot.
Operator
[Operator instructions] Our next question comes from Bill Katz from Citi. Please go ahead.
Bill Katz -- Citi -- Analyst
OK. Thank you. Good morning. I'll take my questions.
Bear with me, it might be a little bit of a busy morning. My calculations might be a little quick. But as I look at your fee rate in the institutional bucket, it looks like it came down over one basis point sequentially. How much of that was due to maybe some particular strength in the first quarter? And I guess I'm surprised just given your commentary about what's coming in the door versus what's going out the door.
I thought you would see a pickup rather than what looks to be a pretty substantial sequential decline.
John Weisenseel -- Chief Financial Officer
Bill, it's John. We did lose some fixed income mandates, which would help bring that rate down somewhat. So it's really -- it's a mix of the business. There's nothing specific really we can point to or nothing specifically that we're worried about there.
In our other bucket, our fee rates actually have increased, which is offsetting what you're seeing in the institutional side and keeping the fee rate on the portfolio actually up 0.2 basis points sequentially. What's going on there is just that as we build-out the alternative platforms, that's in that other bucket there and those are higher fee rate type products.
Bill Katz -- Citi -- Analyst
So just to clarify, John. Fixed income is accretive to your institutional bucket as it stands today versus equity in alternatives?
John Weisenseel -- Chief Financial Officer
It depends upon, which -- again, which products we're losing and which we're gaining.
Bill Katz -- Citi -- Analyst
OK. Just another -- I'll come back to that. Another question on the comp ratio just in terms of your guidance. I want to make sure I'm just apples-to-apples here.
When you say your comp ratio, are you including fringe and relocation charges in that? And if so, can you bifurcate between those?
John Weisenseel -- Chief Financial Officer
Yes. They are included. And as I mentioned the part that will bifurcate is why I mentioned in the comments as far as the part that falls within the comp ratio. So I think I mentioned that in my prepared remarks.
Bill Katz -- Citi -- Analyst
OK. And then just one last one. I think I read in the supplement that part of your expense increase was a contingent payment on Autonomous. I may have missed it in the prepared commentary.
Did you quantify the size of that? If not, could you?
John Weisenseel -- Chief Financial Officer
No. And we will because there's also -- in that bucket, there's also other acquisitions, but we do mention in terms of the 10-Q in terms of the discount rate that's being used to discount the payments. And so of course, that will be the rate that's being used to accrete it. And the rate being used for that acquisition and again, I don't have it in front of me, it's in the Q, but it is higher than some of the other acquisitions that we've done.
Bill Katz -- Citi -- Analyst
OK. Thank you.
Operator
And we have no further questions in queue at this time.
Hallie Elsner -- Head of Investor Relations
All right. Well, thank you everyone for participating in today's call. Feel free to contact investor relations with any further questions. Have a great day.
Duration: 38 minutes
Call participants:
Hallie Elsner -- Head of Investor Relations
Seth Bernstein -- President and Chief Executive Officer
John Weisenseel -- Chief Financial Officer
Alex Blostein -- Goldman Sachs -- Analyst
Mike Carrier -- Bank of America Merrill Lynch -- Analyst
Jim Gingrich -- Chief Operating Officer -- Analyst
Bill Katz -- Citi -- 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. | AllianceBernstein Holding (NYSE: AB) Q2 2019 Earnings Call Jul 25, 2019, 8:00 a.m. [Operator instructions] 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, the head of investor relations for AB, Ms. Hallie Elsner. | Duration: 38 minutes Call participants: Hallie Elsner -- Head of Investor Relations Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer Alex Blostein -- Goldman Sachs -- Analyst Mike Carrier -- Bank of America Merrill Lynch -- Analyst Jim Gingrich -- Chief Operating Officer -- Analyst Bill Katz -- Citi -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q2 2019 Earnings Call Jul 25, 2019, 8:00 a.m. [Operator instructions] As a reminder, this conference is being recorded and will be available for replay for one week. | Duration: 38 minutes Call participants: Hallie Elsner -- Head of Investor Relations Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer Alex Blostein -- Goldman Sachs -- Analyst Mike Carrier -- Bank of America Merrill Lynch -- Analyst Jim Gingrich -- Chief Operating Officer -- Analyst Bill Katz -- Citi -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q2 2019 Earnings Call Jul 25, 2019, 8:00 a.m. [Operator instructions] As a reminder, this conference is being recorded and will be available for replay for one week. | Duration: 38 minutes Call participants: Hallie Elsner -- Head of Investor Relations Seth Bernstein -- President and Chief Executive Officer John Weisenseel -- Chief Financial Officer Alex Blostein -- Goldman Sachs -- Analyst Mike Carrier -- Bank of America Merrill Lynch -- Analyst Jim Gingrich -- Chief Operating Officer -- Analyst Bill Katz -- Citi -- Analyst More AB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding (NYSE: AB) Q2 2019 Earnings Call Jul 25, 2019, 8:00 a.m. [Operator instructions] As a reminder, this conference is being recorded and will be available for replay for one week. |
21645.0 | 2019-07-25 00:00:00 UTC | AllianceBernstein Holding L.P. Q2 adjusted earnings Miss Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q2-adjusted-earnings-miss-estimates-2019-07-25 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for second quarter that dropped from the same period last year.
The company's bottom line totaled $52.29 million, or $0.54 per share. This compares with $58.57 million, or $0.59 per share, in last year's second quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $53.53 million or $0.56 per share for the period.
Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.5% to $857.80 million from $844.74 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q2): $53.53 Mln. vs. $61.18 Mln. last year. -EPS (Q2): $0.56 vs. $0.62 last year. -Analysts Estimate: $0.58 -Revenue (Q2): $857.80 Mln vs. $844.74 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) announced a profit for second quarter that dropped from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $53.53 million or $0.56 per share for the period. Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for second quarter that dropped from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $53.53 million or $0.56 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for second quarter that dropped from the same period last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $53.53 million or $0.56 per share for the period. The company's revenue for the quarter rose 1.5% to $857.80 million from $844.74 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for second quarter that dropped from the same period last year. This compares with $58.57 million, or $0.59 per share, in last year's second quarter. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $53.53 million or $0.56 per share for the period. |
21646.0 | 2019-07-12 00:00:00 UTC | Financial Sector Update for 07/12/2019: AFL, NDAQ, AB, JPM, BAC, WFC, C, USB | AB | https://www.nasdaq.com/articles/financial-sector-update-for-07-12-2019%3A-afl-ndaq-ab-jpm-bac-wfc-c-usb-2019-07-12 | nan | nan | Top Financial Stocks:
JPM: +0.25%
BAC: +0.41%
WFC: +0.11%
C: +0.31%
USB: +0.08%
Top financial stocks were advancing pre-market Friday.
In other sector news:
(=) Aflac (AFL) was unchanged after saying it entered into a definitive agreement to acquire Florida-based Argus Holdings LLC and its Argus Dental & Vision subsidiary.
(=) Nasdaq's (NDAQ) new multi-matching trading engine has been launched on the Singapore Exchange via the Nasdaq Financial Framework. Nasdaq was marginally lower pre-bell.
(=) AllianceBernstein Holding (AB) was unchanged after saying its preliminary assets under management increased 3.8% to $581 billion in June from $560 billion in May, driven by market appreciation and total firmwide net inflows.
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 unchanged after saying its preliminary assets under management increased 3.8% to $581 billion in June from $560 billion in May, driven by market appreciation and total firmwide net inflows. Top financial stocks were advancing pre-market Friday. In other sector news: (=) Aflac (AFL) was unchanged after saying it entered into a definitive agreement to acquire Florida-based Argus Holdings LLC and its Argus Dental & Vision subsidiary. | (=) AllianceBernstein Holding (AB) was unchanged after saying its preliminary assets under management increased 3.8% to $581 billion in June from $560 billion in May, driven by market appreciation and total firmwide net inflows. Top Financial Stocks: Top financial stocks were advancing pre-market Friday. | (=) AllianceBernstein Holding (AB) was unchanged after saying its preliminary assets under management increased 3.8% to $581 billion in June from $560 billion in May, driven by market appreciation and total firmwide net inflows. (=) Nasdaq's (NDAQ) new multi-matching trading engine has been launched on the Singapore Exchange via the Nasdaq Financial Framework. 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 unchanged after saying its preliminary assets under management increased 3.8% to $581 billion in June from $560 billion in May, driven by market appreciation and total firmwide net inflows. Top Financial Stocks: Top financial stocks were advancing pre-market Friday. |
21647.0 | 2019-06-13 00:00:00 UTC | AllianceBernstein Holding Breaks Above 200-Day Moving Average - Bullish for AB | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-breaks-above-200-day-moving-average-bullish-ab-2019-06-13 | nan | nan | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.19, changing hands as high as $29.38 per share. AllianceBernstein Holding LP shares are currently trading up 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.46.
Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.19, changing hands as high as $29.38 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.46. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.19, changing hands as high as $29.38 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.46. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.19, changing hands as high as $29.38 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.46. Click here to find out which 9 other dividend stocks recently crossed above 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 Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed above their 200 day moving average of $29.19, changing hands as high as $29.38 per share. AllianceBernstein Holding LP shares are currently trading up 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 $23.34 per share, with $31.42 as the 52 week high point — that compares with a last trade of $29.46. |
21648.0 | 2019-05-14 00:00:00 UTC | Financial Sector Update for 05/14/2019: LM, AB, BUSE, JPM, WFC, BAC, C, USB | AB | https://www.nasdaq.com/articles/financial-sector-update-for-05-14-2019%3A-lm-ab-buse-jpm-wfc-bac-c-usb-2019-05-14 | nan | nan | Top Financial Stocks:
JPM: +0.45%
BAC: +0.50%
WFC: Flat
C: +0.65%
USB: Flat
Most financial giants were advancing in Tuesday's pre-market trading.
In other sector news:
(+) Legg Mason (LM) was slightly higher after it posted mixed results for its fiscal fourth quarter. Lower average long-term assets under management and a drop in non-pass through performance fees drove the company's operating revenue lower to $692.6 million in the three months ended March 31, down 12% from the corresponding quarter of the prior year.
(=) AllianceBernstein (AB) was flat after saying its preliminary assets under management rose 2.3% to $568 billion in April from $555 billion at the end of March.
(=) First Busey (BUSE) said Investors' Security Trust Company will be merged into the wealth management division of Busey Bank in mid to late 2019. First Busey was unchanged after the news.
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) was flat after saying its preliminary assets under management rose 2.3% to $568 billion in April from $555 billion at the end of March. USB: Flat Most financial giants were advancing in Tuesday's pre-market trading. In other sector news: (+) Legg Mason (LM) was slightly higher after it posted mixed results for its fiscal fourth quarter. | (=) AllianceBernstein (AB) was flat after saying its preliminary assets under management rose 2.3% to $568 billion in April from $555 billion at the end of March. USB: Flat Most financial giants were advancing in Tuesday's pre-market trading. Lower average long-term assets under management and a drop in non-pass through performance fees drove the company's operating revenue lower to $692.6 million in the three months ended March 31, down 12% from the corresponding quarter of the prior year. | (=) AllianceBernstein (AB) was flat after saying its preliminary assets under management rose 2.3% to $568 billion in April from $555 billion at the end of March. Lower average long-term assets under management and a drop in non-pass through performance fees drove the company's operating revenue lower to $692.6 million in the three months ended March 31, down 12% from the corresponding quarter of the prior year. (=) First Busey (BUSE) said Investors' Security Trust Company will be merged into the wealth management division of Busey Bank in mid to late 2019. | (=) AllianceBernstein (AB) was flat after saying its preliminary assets under management rose 2.3% to $568 billion in April from $555 billion at the end of March. Top Financial Stocks: WFC: Flat |
21649.0 | 2019-04-25 00:00:00 UTC | AllianceBernstein Holding L.P. Q1 adjusted earnings Miss Estimates | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-l.p.-q1-adjusted-earnings-miss-estimates-2019-04-25 | nan | nan | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for first quarter that decreased from last year.
The company's bottom line totaled $46.47 million, or $0.49 per share. This compares with $58.31 million, or $0.60 per share, in last year's first quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $46.93 million or $0.49 per share for the period.
Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 15.9% to $657.88 million from $782.35 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q1): $46.93 Mln. vs. $70.58 Mln. last year. -EPS (Q1): $0.49 vs. $0.73 last year. -Analysts Estimate: $0.54 -Revenue (Q1): $657.88 Mln vs. $782.35 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 first quarter that decreased from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $46.93 million or $0.49 per share for the period. Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for first quarter that decreased from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $46.93 million or $0.49 per share for the period. Analysts' estimates typically exclude special items. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for first quarter that decreased from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $46.93 million or $0.49 per share for the period. The company's revenue for the quarter fell 15.9% to $657.88 million from $782.35 million last year. | (RTTNews) - AllianceBernstein Holding L.P. (AB) released earnings for first quarter that decreased from last year. Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $46.93 million or $0.49 per share for the period. -Analysts Estimate: $0.54 -Revenue (Q1): $657.88 Mln vs. $782.35 Mln last year. |
21650.0 | 2019-03-12 00:00:00 UTC | Cohen & Steers' (CNS) February AUM Rises on Upbeat Markets | AB | https://www.nasdaq.com/articles/cohen-steers-cns-february-aum-rises-on-upbeat-markets-2019-03-12 | nan | nan | Cohen & SteersCNS has reported preliminary assets under management (AUM) of $60.8 billion as of Feb 28, 2019, up 1.3% from the prior-month level. Market appreciation of $624 million and net inflows of $350 million, partly offset by distributions of $196 million, drove this upside.
The company recorded total institutional accounts of $28.1 billion at the end of the month, down marginally on a sequential basis. Of the total institutional accounts, advisory accounts were $13.3 billion as of Feb 28, while the remaining were sub-advisory accounts.
Cohen & Steers recorded $23.6 billion in open-end funds, up 3.4% from the $22.8 billion recorded a month ago. Also, close-end funds came in at $9.1 billion, up nearly 1% from January.
With operations spread across the globe, Cohen & Steers benefits largely from its well-diversified AUM. The company's widespread product offerings and investment strategies continue to attract investors, driving top-line growth.
However, escalating expenses, mainly due to its continued expansion efforts, will keep hindering bottom-line growth.
Currently, Cohen & Steers carries a Zacks Rank #4 (Sell). Shares of the company have gained around 13.2% over the past three months compared with 10.3% growth recorded by the industry .
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Among other asset managers, AllianceBernstein Holding L.P. AB announced its AUM for February. The company's preliminary month-end AUM of $547 billion increased 1.7% from the prior month. Favorable market returns and total net inflows were the primary reason behind the rise in total AUM.
Franklin Resources BEN has announced preliminary AUM by its subsidiaries of $714.2 billion for February. Results displayed a 5.3% improvement from $678.3 billion recorded as of Jan 31, 2019. Net market gains and the acquisition of Benefit Street Partners L.L.C., partially offset by net outflows, led to this upside. However, the figure dipped 4.1% from the previous year.
Invesco IVZ has also announced its AUM for February. The company's preliminary month-end AUM of $945.7 billion inched up 1.6% from the prior month.
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Franklin Resources, Inc. (BEN): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
Cohen & Steers Inc (CNS): Free Stock Analysis Report
Invesco Ltd. (IVZ): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among other asset managers, AllianceBernstein Holding L.P. AB announced its AUM for February. Favorable market returns and total net inflows were the primary reason behind the rise in total AUM. Click to get this free report Franklin Resources, Inc. (BEN): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report To read this article on Zacks.com click here. | Among other asset managers, AllianceBernstein Holding L.P. AB announced its AUM for February. Click to get this free report Franklin Resources, Inc. (BEN): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report To read this article on Zacks.com click here. Favorable market returns and total net inflows were the primary reason behind the rise in total AUM. | Click to get this free report Franklin Resources, Inc. (BEN): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report To read this article on Zacks.com click here. Among other asset managers, AllianceBernstein Holding L.P. AB announced its AUM for February. Favorable market returns and total net inflows were the primary reason behind the rise in total AUM. | Click to get this free report Franklin Resources, Inc. (BEN): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report To read this article on Zacks.com click here. Among other asset managers, AllianceBernstein Holding L.P. AB announced its AUM for February. Favorable market returns and total net inflows were the primary reason behind the rise in total AUM. |
21651.0 | 2019-03-12 00:00:00 UTC | AllianceBernstein February AUM Rises on Market Appreciation | AB | https://www.nasdaq.com/articles/alliancebernstein-february-aum-rises-on-market-appreciation-2019-03-12 | nan | nan | AllianceBernstein Holding L.P.AB has announced its assets under management (AUM) for February 2019. The company's preliminary month-end AUM of $547 billion increased 1.7% from the prior month.
Favorable market returns and total net inflows were the primary reasons for the rise in total AUM.
At the end of the reported month, AllianceBernstein's Equity AUM grew 3.4% sequentially to $210 billion. Further, Fixed Income AUM increased nearly 1% from January 2019to $276 billion. Others AUM (including certain multi-asset services and solutions and certain alternative investments) remained stable at $61 billion.
At the end of February 2019, by channel, Institutions AUM of $253 billion was on par with the prior-month level. Moreover, Retail AUM increased 3.6% sequentially to $199 billion. Private Wealth AUM also rose 2.2% to $95 billion.
Improvement in AUM and growth in revenues are expected to support AllianceBernstein's financials. So far this year, the stock has rallied 5.6%.
AllianceBernstein currently has a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank stocks here .
Performance of Other Asset Managers
Franklin Resources BEN announced preliminary AUM by its subsidiaries of $714.2 billion for February. Results reflect a rise of5.3% from $678.3 billion recorded as of Jan 31. The increase was primarily driven by to market appreciation and the acquisition of Benefit Street Partners L.L.C.
Cohen & Steers CNS reported preliminary AUM of $60.8 billion as of Feb 28, 2019, up 1.3% from the prior month. Market appreciation of $624 million and net inflows of $350 million supported AUM growth.
Invesco's IVZ preliminary month-end AUM was $945.7 billion as of Feb 28, 2019, which increased 1.6% from the prior month. Favorable market returns, foreign exchange and higher money market AUM were the primary reasons behind the rise.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 - 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
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AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
Franklin Resources, Inc. (BEN): Free Stock Analysis Report
Cohen & Steers Inc (CNS): Free Stock Analysis Report
Invesco Ltd. (IVZ): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P.AB has announced its assets under management (AUM) for February 2019. Favorable market returns and total net inflows were the primary reasons for the rise in total AUM. Others AUM (including certain multi-asset services and solutions and certain alternative investments) remained stable at $61 billion. | Favorable market returns and total net inflows were the primary reasons for the rise in total AUM. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Franklin Resources, Inc. (BEN): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB has announced its assets under management (AUM) for February 2019. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Franklin Resources, Inc. (BEN): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB has announced its assets under management (AUM) for February 2019. Favorable market returns and total net inflows were the primary reasons for the rise in total AUM. | AllianceBernstein Holding L.P.AB has announced its assets under management (AUM) for February 2019. Favorable market returns and total net inflows were the primary reasons for the rise in total AUM. Others AUM (including certain multi-asset services and solutions and certain alternative investments) remained stable at $61 billion. |
21652.0 | 2019-02-21 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for February 22, 2019 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-ex-dividend-date-scheduled-february-22-2019-2019-02-21 | nan | nan | AllianceBernstein Holding L.P. ( AB ) will begin trading ex-dividend on February 22, 2019. A cash dividend payment of $0.64 per share is scheduled to be paid on March 07, 2019. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -7.25% decrease from the prior dividend payment.
The previous trading day's last sale of AB was $30.24, representing a -3.75% decrease from the 52 week high of $31.42 and a 29.56% increase over the 52 week low of $23.34.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and KKR & Co. Inc. ( KKR ). AB's current earnings per share, an indicator of a company's profitability, is $2.5. Zacks Investment Research reports AB's forecasted earnings growth in 2019 as -11.42%, compared to an industry average of -1.4%.
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:
GraniteShares HIPS US High Income ETF ( HIPS ).
The top-performing ETF of this group is HIPS with an decrease of -4.15% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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. Zacks Investment Research reports AB's forecasted earnings growth in 2019 as -11.42%, compared to an industry average of -1.4%. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | The previous trading day's last sale of AB was $30.24, representing a -3.75% decrease from the 52 week high of $31.42 and a 29.56% increase over the 52 week low of $23.34. 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 ) will begin trading ex-dividend on February 22, 2019. | 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 $30.24, representing a -3.75% decrease from the 52 week high of $31.42 and a 29.56% increase over the 52 week low of $23.34. The following ETF(s) have AB as a top-10 holding: GraniteShares HIPS US High Income ETF ( HIPS ). | Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AB as a top-10 holding: GraniteShares HIPS US High Income ETF ( HIPS ). AllianceBernstein Holding L.P. ( AB ) will begin trading ex-dividend on February 22, 2019. |
21653.0 | 2019-02-20 00:00:00 UTC | Ex-Dividend Reminder: Assurant, Piper Jaffray Companies and AllianceBernstein Holding | AB | https://www.nasdaq.com/articles/ex-dividend-reminder-assurant-piper-jaffray-companies-and-alliancebernstein-holding-2019 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 2/22/19, Assurant Inc (Symbol: AIZ), Piper Jaffray Companies (Symbol: PJC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Assurant Inc will pay its quarterly dividend of $0.60 on 3/18/19, Piper Jaffray Companies will pay its quarterly dividend of $0.375 on 3/15/19, and AllianceBernstein Holding LP will pay its quarterly dividend of $0.64 on 3/7/19. As a percentage of AIZ's recent stock price of $98.52, this dividend works out to approximately 0.61%, so look for shares of Assurant Inc to trade 0.61% lower - all else being equal - when AIZ shares open for trading on 2/22/19. Similarly, investors should look for PJC to open 0.51% lower in price and for AB to open 2.13% lower, all else being equal.
Below are dividend history charts for AIZ, PJC, and AB, showing historical dividends prior to the most recent ones declared.
Assurant Inc (Symbol: AIZ) :
Piper Jaffray Companies (Symbol: PJC) :
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 recen t dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.44% for Assurant Inc, 2.03% for Piper Jaffray Companies, and 8.52% for AllianceBernstein Holding LP.
In Wednesday trading, Assurant Inc shares are currently up about 0.3%, Piper Jaffray Companies shares are off about 0.3%, and AllianceBernstein Holding LP shares are down about 0.3% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. Looking at the universe of stocks we cover at Dividend Channel , on 2/22/19, Assurant Inc (Symbol: AIZ), Piper Jaffray Companies (Symbol: PJC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for PJC to open 0.51% lower in price and for AB to open 2.13% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 2/22/19, Assurant Inc (Symbol: AIZ), Piper Jaffray Companies (Symbol: PJC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Assurant Inc (Symbol: AIZ) : Piper Jaffray Companies (Symbol: PJC) : 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 PJC to open 0.51% lower in price and for AB to open 2.13% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 2/22/19, Assurant Inc (Symbol: AIZ), Piper Jaffray Companies (Symbol: PJC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Assurant Inc (Symbol: AIZ) : Piper Jaffray Companies (Symbol: PJC) : 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 PJC to open 0.51% lower in price and for AB to open 2.13% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 2/22/19, Assurant Inc (Symbol: AIZ), Piper Jaffray Companies (Symbol: PJC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for PJC to open 0.51% lower in price and for AB to open 2.13% lower, all else being equal. Below are dividend history charts for AIZ, PJC, and AB, showing historical dividends prior to the most recent ones declared. |
21654.0 | 2019-02-13 00:00:00 UTC | Financial Sector Update for 02/13/2019: AB, CPSS, MA, JPM, BAC, WFC, C, USB | AB | https://www.nasdaq.com/articles/financial-sector-update-02132019-ab-cpss-ma-jpm-bac-wfc-c-usb-2019-02-13 | nan | nan | Top Financial Stocks:
JPM: +0.19%
BAC: +0.63%
WFC: +0.57%
C: +0.61%
USB: Flat
Most financial stocks were advancing pre-market Wednesday.
In other sector news:
(+) AllianceBernstein Holding ( AB ) was marginally higher after it booked Q4 adjusted earnings of $0.64 per unit, lower than $0.84 a year ago but in line with Street forecasts.
(=) Consumer Portfolio Services ( CPSS ) was flat as i t report ed Q4 adjusted net income of $0.13 per share, down from $0.20 per share in the prior-year period. The average Street estimate from four analysts was $0.13 per share.
(+) Mastercard ( MA ) was slightly higher after saying Martina Hund-Mejean, chief financial officer, will retire after more than a decade in the role.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news: (+) AllianceBernstein Holding ( AB ) was marginally higher after it booked Q4 adjusted earnings of $0.64 per unit, lower than $0.84 a year ago but in line with Street forecasts. USB: Flat Most financial stocks were advancing pre-market Wednesday. (+) Mastercard ( MA ) was slightly higher after saying Martina Hund-Mejean, chief financial officer, will retire after more than a decade in the role. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news: (+) AllianceBernstein Holding ( AB ) was marginally higher after it booked Q4 adjusted earnings of $0.64 per unit, lower than $0.84 a year ago but in line with Street forecasts. USB: Flat Most financial stocks were advancing pre-market Wednesday. | In other sector news: (+) AllianceBernstein Holding ( AB ) was marginally higher after it booked Q4 adjusted earnings of $0.64 per unit, lower than $0.84 a year ago but in line with Street forecasts. (=) Consumer Portfolio Services ( CPSS ) was flat as i t report ed Q4 adjusted net income of $0.13 per share, down from $0.20 per share in the prior-year period. (+) Mastercard ( MA ) was slightly higher after saying Martina Hund-Mejean, chief financial officer, will retire after more than a decade in the role. | In other sector news: (+) AllianceBernstein Holding ( AB ) was marginally higher after it booked Q4 adjusted earnings of $0.64 per unit, lower than $0.84 a year ago but in line with Street forecasts. Top Financial Stocks: USB: Flat Most financial stocks were advancing pre-market Wednesday. |
21655.0 | 2019-02-13 00:00:00 UTC | 3 Dividend Stocks to Power Through Earnings Season | AB | https://www.nasdaq.com/articles/3-dividend-stocks-to-power-through-earnings-season-2019-02-13 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investors are increasingly hyped up when it comes to earnings season. At least that's the hope and prayer for the folks over at CNBC that need all the excitement that they can get to lure viewers. And while some corporate chieftains, including JP Morgan's (NYSE: JPM ) Jamie Dimon and Berkshire Hathaway's (NYSE: BRK.A , NYSE: BRK.B ) Warren Buffett are campaigning to end quarterly reporting, earnings season is really just a normal update on how business is going for companies.
And earnings season comes, of course, every quarter - quarter after quarter - year after year. And for the last quarter of 2018, out of the 505 stocks that make up the S&P 500 Index , 358 have released their report cards for the quarter.
And the news is pretty good. Sales overall were up on average by 6.88% and earnings were up on average by 14.20%.
It's no wonder that the S&P 500 is up by 10% year-to-date and we're only in February. And that's after last quarter's selloff on fears that the earnings were as good as they were going to get and that growth was only going to be just good, and not spectacular.
But there are plenty of companies that aren't on the list of over-hyped stocks that jump and fall on every little morsel of opinions from talking heads on CNBC , particularly during quarterly reporting times. They tend to be dependable businesses and are focused on longer-term shareholders and not day traders. And they pay nice dividends .
The 10 Best ETFs You Can Buy
Each of the following dividend stocks I'm going to explore below has already filed its quarterlies with continued good results without fanfare.
Assets Pay
I'll start with one of my favorite industries - fund management. Fund management is all about assets under management (AUM). The more AUM, the more fee income that a company will earn. The goal is to keep AUM stable to increasing and fee income will follow. You don't have to be spectacular in managing the assets (although it helps), but you do have to be good at keeping and raising more AUM.
One of the best in this market is AllianceBernstein (NYSE: AB ). It has ample AUM, which is up to $550 billion after AB gained $800 million in the last quarter. That is boosting fee income nicely and feeding an ample dividend.
AllianceBernstein (AB) Assets Under Management
Source: Bloomberg
The dividend distribution is currently 64 cents for a yield of 8.29%. And that distribution is rising over the past five years by an average annual gain of 12.62%.
Shares have generated a return of 101.02% over the past five years - amply outperforming the S&P 500 Index. It makes for one of the better dividend stocks to buy under $33.
Powered Up
Utilities make for one of the most reliable stock sectors for both longer-term growth and regular to rising income. They serve that function particularly well during times of market strife due to the reliability of demand for their core products and services.
If you think that they underperform the general stock market, you'd be wrong. Over the past 20 years, U.S. utility stocks, as tracked by the S&P Utilities Total Return Index, have outperformed the general stock market as tracked by the S&P 500 Index.
The market for utilities isn't about sacrificing return for just dividend income, rather, it can be a potent rival for the returns you expect from more growth-oriented stocks.
What's more, utilities can be a great defensive counterweight in your portfolio.
For example, during the market rout from October to year-end 2018, the S&P 500 was down, heavily, by 14.28%. But during that same time, utilities managed to outperform with a positive return of 1.66%
This is all thanks to the combination of reliable core business assets and higher dividend payments that utilities represent.
Of course, not all utilities are the same and neither are all dividend stocks. They can include a host of essential services including electricity, natural gas and water. And they are comprised of both regulated and unregulated businesses.
Regulated business means that the companies have contracts set with specific rates for gas, electricity and water that are set by local public utility commissions (PUCs).
This means that the companies with regulated markets must lobby local PUC officials for acceptable rates that take into consideration the cost of providing the services as well as the capital costs of the operations for the services.
In addition, PUCs, along with other regulatory bodies, must approve any expansion of regulated services, including new plants and transmission or other conveyance lines. And they also need to gain approvals for payments for upkeep and repairs. All of this takes a wide array of skillsets by management to make the most for shareholders while keeping customers and their PUCs content. This includes negotiating and lobbying as well as budgeting and market supply-and-demand forecasting.
Yet, at the same time, regulated business means that companies can conduct longer-term budgeting for capital expenditures as well as having better forecasting for revenues and profitability.
This means that utilities can provide smoother performance for shareholders, especially in challenging times. That adds stability for investors over the long term.
Then there is the unregulated part of the utility market. This can include wholesale provision of essential services for industries as well as for other local utility companies that will contract for gas, power or water.
This is where some companies can provide larger-scale services across local markets and even across the country. The companies in this space can provide the opportunity for investors to cash in on their success in markets with less regulatory oversight on rates.
One of the best utilities in the market is NextEra Energy (NYSE: NEE ). The company is primarily comprised of two operating units that take advantage of both the regulated and unregulated power utility market.
Based in Florida, NextEra has its primarily regulated power company in Florida Power & Light. The operation provides power through a variety of generating sources, including natural gas, coal and oil, as well as nuclear power plants. Its customers number in the millions and are primarily residential customers, with some commercial customers.
In addition to its own power generation, it also contracts with external power generators that transmit power via the power grid to supplement its own power generation.
The other side of the company is Next Era Energy Resources. This division of NextEra provides unregulated wholesale power around the U.S. with some additional assets in Canada and Spain. Much of its power generation comes from traditional power plants, but increasingly wind and solar generation provide a large portion of its power. It has quickly become one of the largest renewable power generation companies.
In addition, NEE also has some petroleum and natural gas pipeline assets that take advantage of the company's reach across the U.S. Revenues from the regulated FPL side of the company represent the larger sum of revenues, which continue to expand at a reliable three-year average of 1.58%. This makes for a steady cash flow for the company.
The company continues to focus more on the NEER division, which provides the namesake for the overall company. The idea is that the next era in power generation will be ever more focused on renewable energy sources. This is supported in that the revenues for the NEER unit have expanded to become 28.55% of overall revenue of the company.
The industry is benefiting from state and local legislation around the nation requiring that a portion of power be generated by renewable sources. In addition, NextEra's renewable power expansion is also benefitting from Federal tax credits for renewable energy facilities. These come based on capacity and not just the amount of power generated. This means that the company can operate wind and solar facilities around the nation and not just in areas that are particularly sunny or windy.
NextEra Energy (NEE) Total Return
Source: Bloomberg
The company is a stronger performer for investors. The return on its capital is running at 9.90%, while the return on investor's equity is a whopping 21.30%. And this is resulting in the market recognizing its performance now and for the future. The shares have delivered a total return over the past five years of 127.76%.
Yielding 2.42%, it makes for a good buy under $185.
Pumping Profits
Petroleum has been one of the better markets for companies last quarter with sales gains for companies reporting of 12.14% (so far within the S&P 500) and earnings growth of 102.19%.
7 Reasons to Own Coca-Cola Stock
One of the more reliable segments of the petroleum market is in the midstream segment of the toll-takers of the pipeline market. And one of my favorites dividend stocks in this space is Plains GP Holdings (NYSE: PAGP ), which has a great network of pipes and related assets throughout North America including the vital Permian Basin in the U.S.
Revenue continues to flow with gains over the trailing year of 29.90%. And the shares are valued at a huge bargain as they are trading currently at a 90% discount to the trailing sales of the company.
As a passthrough, the distributions are shielded from current income tax liabilities making the dividends all the more valuable on a tax-equivalent basis. With the current distribution of 30 cents per year, it yields 5.03%.
Plains GP Holdings (PAGP) Total Return
Source: Bloomberg
And the overall shares have been dependable for income and for an overall total return over the trailing twelve months of 12.29%. It makes for a good dividend paying toll-taker under $26.65.
All My Best,
Neil George
Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | They tend to be dependable businesses and are focused on longer-term shareholders and not day traders. Fund management is all about assets under management (AUM). The goal is to keep AUM stable to increasing and fee income will follow. | AllianceBernstein (AB) Assets Under Management Source: Bloomberg The dividend distribution is currently 64 cents for a yield of 8.29%. Plains GP Holdings (PAGP) Total Return Source: Bloomberg And the overall shares have been dependable for income and for an overall total return over the trailing twelve months of 12.29%. They tend to be dependable businesses and are focused on longer-term shareholders and not day traders. | They tend to be dependable businesses and are focused on longer-term shareholders and not day traders. Fund management is all about assets under management (AUM). The goal is to keep AUM stable to increasing and fee income will follow. | But during that same time, utilities managed to outperform with a positive return of 1.66% This is all thanks to the combination of reliable core business assets and higher dividend payments that utilities represent. They tend to be dependable businesses and are focused on longer-term shareholders and not day traders. Fund management is all about assets under management (AUM). |
21656.0 | 2019-02-13 00:00:00 UTC | AllianceBernstein Holding LP (AB) Q4 2018 Earnings Conference Call Transcript | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-q4-2018-earnings-conference-call-transcript-2019-02-13 | nan | nan | AllianceBernstein Holding LP (NYSE: AB)
Q4 2018 Earnings Conference Call
Feb. 13, 2019 , 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 2018 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 questions 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, the Director of Investor Relations for AB, Ms. Andrea Prochniak. Please go ahead.
Andrea Prochniak -- Director of Investor Relations
Thank you Jessa. Good morning everyone and welcome to our fourth quarter 2018 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; John Weisenseel, our CFO; and Jim Gingrich, our COO, will present our results and take questions after our prepared remarks.
Some of the information we 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 one of our presentation. You can also find our Safe Harbor language in the MD&A of our 2018, 10-K, which we filed this morning. Under regulation FD management may only address questions of a material nature from the investment community in a public forum, so please ask all such questions during this call. We are also live tweeting today's earnings call . You can follow us on Twitter using our handle @AB_insights.
Now I'll turn it over to Seth.
Seth P. Bernstein -- President and Chief Executive Officer
Good morning. Thank you for joining us today. Despite the impact of year-end market dislocation on both industry flows and assets, we maintained strong underlying momentum across our business in 2018 and further strengthened our competitive position. Our full year results reflects the differentiation of our revitalized active equity platform, which attracted $10.8 billion in net new flows and our ability to continue scaling and commercializing our business. Our sales mix across channels was our most diverse in years, and finally, our results reflect our ongoing commitment to disciplined expense management, as demonstrated by the 140 basis point expansion in our adjusted operating margin in 2018% to 29.1%.
Now, let's get into the specifics. Starting with a firmwide overview on Slide three. Annual gross sales of $93.8 billion in 2018 were up $15 billion or 19%. About $10 billion of the increase came from first quarter CRS fundings. The rest was from robust client activity, particularly in Active Equities. Total firmwide net flows were negative $8.1 billion for the year. We experienced two large CRS redemption totaling $14 billion in the first half and significant annual outflows from both institutional and retail fixed income products.
Because of these net outflows, and the steep fourth quarter market decline, we finished 2018 with lower assets under management. However, average AUM was up due to our first three quarters of strong market performance. We also reported January 2019 AUM this morning. We were pleased to see the markets rebound during the month, and a return to positive net flows in our retail and private wealth channels. So these were eclipsed by outflows from institutions which resulted in total firm net outflows for the month.
Slide four shows our quarterly flow trend by channel. The left side chart show the outsized impact of lumpy CRS sales and redemptions on firmwide institutional flows in the first half of the year. On the right you can see the spike in fourth quarter retail redemptions due to the market correction. In private wealth, fourth quarter outflows were caused by several one-off factors including year-end tax related trading.
Slide five is our annual flows view. Again, the left side chart shows the net effect of this year's lumpy CRS activity, predominantly in our institutional channel. Net outflows totaled $10 billion from institutions and $8 billion overall. The right side of chart tells a more positive story. Despite the fourth quarter rev in the markets, our retail net flows were essentially flat in 2018 and our private wealth net flows were positive for the third consecutive year.
Now let's turn to investment performance, beginning on slide six. Clearly, our near-term fixed income performance has been challenged. Given our broad portfolio exposure to emerging market debt, we were hard hit by the sustained downturn there. We've also had difficulty in recovering from some early duration calls and experienced some negative currency impact as well. However, our three-year and five-year track records remain quite strong, with 90% and 89% of assets outperforming respectively. In equities, our investment performance bounced back in the fourth quarter as large strategies like strategic equities and large cap growth returns to outperformance. Our percentage of outperforming active equity strategies increased for every time period. To 71% for the one year, 62% for the three year and 83% for the five year.
Slide seven and eight provide more insight on retail fixed income and equity investment performance. The fixed income table on Slide seven reflects the impact of our emerging market exposure on one-year fund performance. EM Debt and High Yield were most affected though long-term track records remain in top two quartiles. Our income portfolios are holding up well. European income is top half for one year, top quartile for the three year and top decile for the five year. Mortgage Income remains at first percentile for the one year, and increased sequentially to 13 for the three year. And AB income remains top decile for three year and five year periods.
In Equities, on Slide eight, our Emerging Market, Concentrated International Growth and International Value equities funds continued to underperform. Yet, every other fund on this slide ranks in the top two quartiles across all time periods. These include Concentrated Global, Global Low Vol, Global Core and Large Cap Growth, which are all top quartile. Solid long-term track records like these were a major driver of our outstanding 2018 active equity flows.
Let's move on to our client channels, beginning with retail on Slide nine. We continue to invest in reshaping the firm's retail product offerings to better serve our clients. Our business is stronger and more diversified and we have become more adept of both anticipate client needs and innovating in a timely basis to meet them. The cumulative effect of this methodical long-term strategy is evident in our 2018 retail business mix and results. The top left chart shows our success in reducing our dependence on volatile Asia ex-Japan fixed income market. We've taken our share of fixed income gross sales from three quarters of total global sales two years ago to 41% today.
In Asia ex-Japan, fixed income has gone from 89% of gross sales in 2016 to 53%. Our positive mix shift is clear from the bottom left chart. Of the 25 funds that attracted net flows of $100 million or more in 2018, 19 of them were equity, alternative or multi-asset services and half of those funds have been launched, relaunched or redesigned in the past decade. We are particularly proud of how our combination of relevance and outperformance in Active Equities has attracted inflows.
Our full year retail Active Equity gross sales of $25 billion were up 72% and our active equity net flows increased to $8 billion from $2.8 billion, that's in a year where total outflows in US Active Equity mutual funds increased by 33% to nearly $260 billion and we keep innovating for clients. Today we have partnerships with 13 distributors for our various FlexFee Funds which have total AUM of $145 million excluding seed capital. Momentum continues to build as we educate the marketplace about this new mutual fund pricing structure.
Now I'll talk about Institutional on Slide 10. Here, as in retail, we're experiencing the benefits today of the years spent, both rebuilding our active equity franchise and diversifying it in the most promising long-term growth areas. The top left chart shows our active equity gross sales of $7.3 billion, more than doubled in 2018. They were our highest in a decade. And our active equity net flows of $4 billion were positive for the first time since 2007. This represents a 13% organic growth rate against the steep industry wide contraction.
The revenue associated with our gross sales was up 54%, reflecting our mix shift toward higher fee active equities, alternatives and multi-asset services . These services represented 85% of our $9.7 billion year-end pipeline. This bodes well for our future revenues and fee rate. In fact, $2.2 billion or 60% of our new pipeline adds in the fourth quarter alone were in active equity strategies. The balance included alternative and multi-asset like commercial real estate debt, custom alternative solutions and multi-manager fund of funds. As a result, our pipeline annualized fee base exceeded $30 million for the fifth consecutive quarter.
Moving to Private Wealth on Slide 11. Gross sales of $11.7 billion were our highest in 10 years and that's excluding inflows from our very successful first half Option Advantage launch. As I mentioned earlier, net flows were positive for the third consecutive year, despite the fourth quarter spike in net outflows. We added $2.4 billion in commitments to our suite of alternatives and focused equity services, bringing the total to $9.1 billion at year-end. That's the bottom left chart. We launched a new BDC for qualified private clients and we're in the process of partnering with Abbott capital, a leader in private equity investing to add a fund-of-funds offering.
As we expand our higher net worth client base, advisor productivity is rising. Advisor productivity has grown at a 7% compound annual rate in years since we began offering alts and focused equity services. And our average relationship size has increased by 6% just in the last year. What's more after two years of flat to negative headcount growth, we increased our advisor base by 6% in 2018 and we'll keep growing with spring 2019 opening of our 19th US Private Wealth Office in Nashville, an exciting next step for AB.
I'll finish our business overview with the sell-side on Slide 12. In a year when this industry face one of its most disruptive events ever with the MiFID II transition and commissions continuing to decline, I'm impressed by our resilience. Bernstein Research revenues were down just 2% in 2018. Fourth quarter revenues increased 11% sequentially, thanks to both the spike in US volume and volatility shown on the bottom left chart and robust year end research payments.
As I've said many times, now more than ever sell side research providers must deliver a differentiated offering to stay on clients lists. That's our goal in acquiring Autonomous Research. Autonomous adds a preeminent research franchise in financial services in fintech to our platform, areas where we've historically been underrepresented. It's a step change for us in both the US and Europe in terms of analysts and stocks under coverage and a huge category by market cap. It also allows us to focus resources on new analyst hires in other promising areas around the world. In the fourth quarter alone, we hired six new analysts in the US, Europe, and India where we are building our Mumbai office. Research excellence is our firm's brand and we're focused on successfully navigating this next phase of the evolution of this business.
I'll close by highlighting some of our 2018 accomplishments on Slide 13. 2018 was a year of progress for AB in every part of our long-term growth strategy. We continue to deliver for clients with our diverse products. We further scaled and commercialized our offering set with particular momentum in active equities. And we stay vigilant on expenses, making our seventh straight year of margin expansion. We're proud of these accomplishments and well aware of the challenges we face going forward. Coming into 2019, our asset base is lower and the revenue outlook is uncertain. At the same time, we have the right strategy, business mix, talent and global footprint to continue delivering for our clients which is our primary goal in any market environment.
Now, I'll turn it over to John to review our financials.
John C. Weisenseel -- Chief Financial Officer
Thank you, Seth. Let's start with the GAAP income statement on Slide 15. Fourth quarter GAAP net revenues of $804 million decreased 13% from the prior year period. Operating income of $199 million decreased 30% and a 25% operating margin decreased by 490 basis points. GAAP EPU of $0.63 comparison $0.84 in the fourth quarter of 2017. As always, I'll focus our 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 upon our adjusted results which we provide in addition to and not as substitutes for our GAAP results. Our standard GAAP reporting, our reconciliation of GAAP to adjusted results are in our presentations appendix, press release and 10-K.
Our adjusted financial highlights are included on Slide 16. Fourth quarter revenues of $696 million, operating income of $204 million and our margin of 29.3%, all decreased year-on-year. We earned and will distribute to our unitholders $0.64 per unit compared to $0.84 for last year's fourth quarter. Lower base and performance fees, as well as seed investment losses primarily drove the weaker results.
For the year, revenues increased $213 million to $2.9 billion; operating income increased by $102 million to $852 million; and operating margin increased by 140 basis points to 29.1%. Adjusted EPU increased to $2.67 from the prior year's $2.30. Higher base and performance fees drove the increase in revenues and diligent expense management drove our continued margin expansion.
We delve into these items in more detail on our adjusted income statement on Slide 17. Beginning with revenues, net revenues decreased 10% for the fourth quarter, but increased 8% for the full year versus the same prior year periods. Base fees for the fourth quarter decreased 3% due to lower average AUM in the retail and institutional distribution channels, but increased 7% for the full year due to higher average AUM across all three distribution channels. For the full year, total average AUM increased 5.1% and the portfolio fee rate increased 1.4%.
Fourth quarter performance fees of $35 million compared to $80 million in the same prior year period. Our securitized assets strategy generated $23 million of performance fees in the fourth quarter 2017 compared to none in 2018. Our middle-market lending and US concentrated growth strategies generated lower performance fees in the fourth quarter of 2018 compared to the same prior year period. For the year, performance fees increased by $91 million to $196 million. Real Estate Equity Fund I generated $91 million in performance fees in 2018, it is in the process of liquidation. In addition, the liquidation of Financial Services Opportunity Fund I was completed in 2018 and produced $36 million in additional performance fees compared to the prior year.
Fourth quarter and full year revenues for Bernstein Research Services decreased 3% and 2% respectively for the same prior year period due to the delay in revenue recognition resulting from the unbundling of research payments from trading commissions and a shift to lower fee electronic trading. The impact of foreign exchange translation also contributed to the fourth quarter decline, but partially offset the revenue decline for the full year period.
Fourth quarter and full-year investment losses include a $6 million realized loss on the sale of a seed capital investment in a private equity fund to which we approximately -- we received approximately $30 million in cash proceeds from the sale. We liquidated this investments since it no longer met our product development objectives for our clients. Fourth quarter and full year other revenues increased 26% and 27% respectively as a result of higher dividends and interest earned on our broker-dealer investments. Interest expense increased $8 million for the fourth quarter and $27 million for the full year as a result of higher interest paid on broker-dealer customer balances because of the higher interest rates.
Moving to adjusted expenses, all-in, our total fourth quarter operating expenses of $492 million decreased 2%. Full year operating expenses of approximately $2.1 billion increased 6% from the prior year. Total compensation and benefits expense decreased 2% in the fourth quarter, driven by lower incentive compensation, but increased 9% for the full year due to higher incentive compensation. Base compensation, commissions, fringe and other employment costs all higher in both the fourth quarter and full year periods compared to the prior year.
Compensation was 45.2% of adjusted net revenues for the fourth quarter versus 42% in the prior year period. The full year 2018 comp ratio was 47.5%, up 40 basis points from the prior year. Of the 40 basis point increase, 30 basis points is attributed to employee transition costs relating to the Nashville relocation. The 40 basis point increase in full-year -- increased full year EPU by $0.03 and lowered the full-year operating margin by 40 basis points.
Going forward, we expect to continue to manage to a comp ratio that will not exceed 50% in any given year. Given current market conditions, we plan to accrue compensation at a 49.5% ratio in the first quarter 2019, with the option to adjust accordingly throughout the year if market conditions change. Fourth quarter and full year promotion and servicing increased 6% and 4% respectively versus the same prior year periods, due primarily to higher marketing expenses resulting from retail advertising campaigns in Asia, Europe and the United States.
For the full year increased trade execution and transfer fees were partially offset by a decline in T&E. G&A expenses decreased 4% both in the fourth quarter and the full year versus the same prior year periods due to lower errors, portfolio servicing fees, occupancy and more favorable foreign exchange translation, which was partially offset by higher professional fees and technology expenses. The third quarter 2017 included net nonrecurring charges of $15 million, the net of the $20 million outsourcing termination charge and a $5 million Asia VAT refund credit.
Fourth quarter operating income of $204 million decreased 25% versus the same period of the prior year. Of the 25% decline, 8% is attributed to the higher comp ratio in the fourth quarter of 2018. Although the 2018 full year comp ratio is only 40 basis points higher than the prior year, the fourth quarter 2018 comp ratio was 320 basis points higher than the fourth quarter of the prior year when a larger full year true-up resulted in a much lower comp ratio for the quarter. Full year 2018 operating income of $852 million, increased 14% from the prior year, as revenue growth outpaced expense growth.
The incremental margin for the full year 2018 was 48%. Fourth quarter operating margin of 29.3% was down 590 basis points year-on-year, of which 320 basis points is attributed to the higher comp ratio discussed earlier. Our full year 2018, operating margin of 29.1% was up 140 basis points from 2017 and represents our seventh consecutive year of margin expansion, and our highest in 10 years. These outstanding results demonstrate our continued diligent focus on expense management and the operating leverage of our business. You may have noticed that our fourth quarter adjusted operating income was $5 million higher than our GAAP operating income. We excluded five items from our adjusted results that are not part of our core business operations.
First, we recorded a $1 million non-cash real estate charge for GAAP reporting, to true up our sublease assumptions relating to a prior period real estate write-offs. Second, we recorded a $3 million GAAP P&L credit to reduce the contingent payment liability related to a previous acquisition. Third, we excluded $2 million of acquisition related expenses. Fourth, we recorded a $3 million reduction in the fair value of our investment in a third-party provider of financial market data and trading tools. Finally, we deconsolidated certain seed investments in our adjusted results that we consolidated for our GAAP reporting.
Consolidating these investments, decreased operating income by $2 million, but did not affect net income or EPU. For the year, adjusted operating income was $852 million was $27 million higher than our GAAP operating income. Here, we excluded six items of note; $22 million in consolidated variable interest entities operating income, $3 million long-term compensation mark to market losses, $7 million in real estate charges, $2 million in acquisition costs, $2 million contingent payment P&L credits and a $4 million writedown in our investment in a third-party provider of financial market data and trading tools.
In addition, $35 million of performance fees earned on Real Estate Equity Fund I are included in our adjusted operating income, but are excluded from GAAP operating income, since they are recorded as an increase to partner's capital in the opening balance sheet at the start of 2018 as per the implementation rules for the new revenue recognition standard. These non-GAAP adjustments are outlined in the appendix of this presentation. The full year 2018 effective tax rate for AllianceBernstein LP was 5.6%, about as expected. Going forward, we expect the effective tax rate to remain around this level, based upon our current forecasted mix of domestic versus foreign pre-tax earnings.
I'll finish with an update on our planned corporate headquarters relocation to Nashville. Our relocation is going very well and proceeding faster than we originally expected. We're in the process of securing additional temporary office space, which will facilitate the acceleration of our relocation, so that the majority of the positions in scope will be relocated to Nashville prior to the completion of our new permanent office buildings currently scheduled for the fourth quarter of 2020. We incurred $10 million of net transition costs in 2018, as expected. Nearly all are employee related and are included in the comp ratio calculation and the compensation accrual. Of the $10 million full year transition costs, approximately $5 million was recorded in the fourth quarter. As a result of the acceleration, we now anticipate both higher transition cost and higher expense savings related to the Nashville relocation.
We currently estimate that we will incur a total transition cost of approximately $155 million to $165 million for the period 2018 through 2024 when our New York City building lease expires. These costs include employee relocation, severance, recruitment and overlapping compensation and occupancy costs. Over the same period, we expect to realize total expense savings of about $190 million to $200 million, which exceed the total transition costs. However, we will incur transition costs prior to the realization of expense savings. We currently anticipate that the largest reduction in EPU during the transition period could be approximately $0.07 in 2019, about $0.03 above the amount incurred in 2018. We still expect to achieve breakeven or possibly a slight increase in EPU by 2021 and then EPU accretion for each year thereafter.
Beginning in 2025, once the transition period has been completed, we estimate ongoing annual expense savings of approximately $70 million to $75 million, through results of a combination of occupancy, compensation, fringe benefit and consulting relating savings. Our estimates for both the transition costs and the corresponding expense savings are based upon our best current assumptions of employee relocation costs, severance, recruitment, overlapping compensation and occupancy costs.
Our estimates for both the timing of incurring the transition cost and realizing the related expense savings are based upon our current relocation implementation plan and the timing for the execution of each phase. The actual total charges eventually recorded and the related expense savings realized and the timing of the EPU impact are likely to differ from our current estimates as we implement each phase of our headquarters relocation.
And with that, Seth, Jim and I are pleased to answer your questions.
Questions and Answers:
Operator
(Operator Instructions) Your first question comes from the line of Michael Carrier from Bank of America Merrill Lynch. Please go ahead.
Sean Colman -- Bank of America Merrill Lynch -- Analyst
Good morning, guys. This is actually Sean Colman on for Mike. Just a couple of questions on flows. Can you guys discuss your thoughts on what drove the elevated fixed income outflows in the quarter. Do you guys believe it was driven by the weaker short-term performance or more just environmental factors and seasonality?
Seth P. Bernstein -- President and Chief Executive Officer
Let me take that. I think it was more the environment than short-term performance, but -- and I say that principally because, particularly in investment grade credit, a lot of those flows, outflows were a function unattractive FX hedging costs that a number of our offshore clients were experiencing, rather than necessarily performance shortfalls in the -- in performance of investment grade. On the other hand, in our retail services, which were global multi-sectors such as Global High Yield and AB High Income, we do have an exposure to emerging markets and we did see underperformance there given our overweight earlier in the year which did cause us to underperform relative to some peers. So I do think it was more accentuated by a broader environment that was more negative.
Sean Colman -- Bank of America Merrill Lynch -- Analyst
Okay, thanks. And then you guys have had really strong flows in equities and alternatives and a part of that is at a strong performance, but even very strong performing peers, you guys are doing better, so we're just wondering if that's more of the product lineup or distribution mix that's driving this?
Seth P. Bernstein -- President and Chief Executive Officer
Well, I think it made -- I think we have really spent a lot of time and effort creating a product suite that speaks to our clients. We had 16 services, equity services with net flows, greater than $250 million last year. And so, I think that they were -- the services were meeting specific client needs. Additionally, we have been, as you know, been investing and optimizing our US and EMEA sales forces and I believe there has been benefit from that as well.
Sean Colman -- Bank of America Merrill Lynch -- Analyst
Okay, thank you.
Operator
Your next question comes from the line of Dan Fannon from Jefferies. Please go ahead.
Daniel Fannon -- Jefferies -- Analyst
Thanks, good morning. Just looking into next year, you highlighted assets that are starting at a lower point or I should say this year. Can you talk about non-comp expense and kind of how you're thinking about the environment or budget for this year versus say previous periods?
John C. Weisenseel -- Chief Financial Officer
Sure, this is John. Actually, I think we've made a lot of great headway on keeping the non-comp expenses under control. They are actually down year-over-year for the full year, when you look at the combined promotion and servicing and general -- G&A expenses. Going forward, our goal is to try to keep those, the rate of increase of those -- both of those lines at around the rate of inflation.
Daniel Fannon -- Jefferies -- Analyst
Great. And then for performance fees, obviously very difficult to predict, but just thinking about the setup for 2019 and if there any high water marks or how we should think about just generally the level versus kind of previous periods as you've obviously been growing your alternative AUM. But just wanted to get a sense of how we should kind of think about the contribution in 2019 maybe versus previous periods or other things you could help us in terms of getting some level around that.
John C. Weisenseel -- Chief Financial Officer
Sure. In 2018 we were -- helps in the performance fees, the over $195 million or so of performance fees we had, about $130 million of those fees came from two funds that are currently in liquidation. So Real Estate Equity Fund I, we realized about $91 million of performance fees and then over $30 million came from Financial Services Opportunity Fund I, and the liquidation of that fund was completed in 2018. Real Estate Fund I is still out there, but it's been mostly liquidated. So we would just expect some minimal fees from that in 2019. So I think when you look at the $195 million you have to really take off the $130 million. And then of course, it's really a function of what's going to happen with the markets going forward. The strategies are, all varies, some of them have high watermarks that you have to pass and then you get a certain percentage of the upside above that, some others don't. But again, it's just varies strategy by strategy.
Daniel Fannon -- Jefferies -- Analyst
Okay, thank you.
Operator
Your next question comes from the line of Bill Katz from Citi. Please go ahead.
William Katz -- Citi -- Analyst
Okay, thank you very much for taking the question this good morning. Just wondered if you could still spend a little time on the institutional dynamics, in your AUM at least you sort of noted that you had outflows in institutional in January, but yet your pipeline at the end of year was rather strong. So still wondering if you could talk to maybe the interplay between what's sort of driving the nice pickup in the pipeline versus what was sort of seeing on a tactical basis in the month of January?
Seth P. Bernstein -- President and Chief Executive Officer
Bill, in terms of January, it's always -- I hate to even comment on a month-to-month basis, but I think the dynamic was not unlike what we saw in 2018 in a sense that we had a couple of large fixed income outflows that really accounted for the bulk of what we saw in January, outside of that, the trends were quite similar. And to your point, the level of activity that we're seeing, be it in equities, alternatives continues to be quite strong. The -- and what's encouraging, I think when you look both at what's been coming into our institutional business over the course of, say, with the last three quarters of the year where the fee rate was nearly twice, what our overall average fee rate was in the book overall. And then you look at the pipeline and the average fee rate is well above 2 times our existing book. I mean that's a very encouraging trend when you think about both the breadth of activity, the type of support that we're getting from consultants and the average fee rate, it's all positive.
William Katz -- Citi -- Analyst
Okay, that's very helpful, thank you. And then you had mentioned in the in the private clients, a new sort of fund-to-fund opportunity. Just sort of wondering how quickly that gets launched and what kind of scalability you could foresee as you look out over the next one to two years, maybe back half of this year and 2020?
Seth P. Bernstein -- President and Chief Executive Officer
Bill, it's Seth. We are working with Abbott Capital to do a private equity fund-of-funds vehicle. Abbott's focus is on middle market which fits nicely with our focus of our middle-market lending business, both of which we target capacity for our private fund -- client group. I think it's too early for us to forecast what we think the take-up will beat, because we haven't sold this sort of service before. So I would refrain from guessing, but we're hopeful that this will resonate with our clients.
James A. Gingrich -- Chief Operating Officer
And Bill, I would just see it as again one more step in a continuing evolution of how we're positioning our Private Wealth business as we target a higher net worth client and maybe that we've served historically. And it's going to be -- if you look at how we have progressed in terms of the development of our alternatives and focused equity services, in that business, it's just another brick in the wall.
William Katz -- Citi -- Analyst
Okay, (inaudible). So as you think about your commentary that you're running a little bit ahead of time in terms of the pacing of the cost saves associated with the relocation and sort of putting aside the elevated upfront transition cost. Could you give us an update on sort of what are you thinking about in terms of the long-range margin opportunity, and obviously you're bumping up already close to that 30% near-term target. How should we think of maybe long-term, once you get through some of these cost savings. I'm just assuming reasonably benign markets, I know it's a big assumption.
John C. Weisenseel -- Chief Financial Officer
Let me get that, it's John. So as we've talked about that, we expect to turn breakeven or slightly positive in 2021. And from that period, the savings continue to build each year, but it's not until you get to 2025 when the transition period ends, at that point, we're looking at basically expense savings in $70 million to $75 million a year. So I think you can just take that number and there you will see the impact on the margin from that.
William Katz -- Citi -- Analyst
Okay, all right, thank you very much.
Operator
Thank you. Our next question comes from Robert Lee, KBW. Your line is open.
Robert Lee -- KBW -- Analyst
Great, thanks. Good morning, thanks for taking my question. I guess my first question would be in the Private Wealth Management. I know there is a 6% increase in the number of advisors, and I must think maybe the highest -- biggest increase in the number of years. So as maybe just -- I'm assuming maybe that was just a larger recruiting class you maybe talk a little bit about what's driving that and kind of how you see that progressing and how you're kind of thinking of that for the new advisors hitting kind of the run rate reduction?
Seth P. Bernstein -- President and Chief Executive Officer
Sure, we have -- as Jim was saying, as we revised the suite products, services that we offer our private clients, we are beginning to see greater productivity out of the advisors. I think the advisors productivity was up 7% year-over-year. And so, we also thought it was, as we are beginning to gain more and more confidence in our ability to penetrate in higher income brackets, we thought that we should be growing the advisor force carefully. And so we've been increasing the size of our incoming classes and we've dedicated personnel to accomplish that. And we're beginning to see, we've seen very good classes who are diversed, engaged and they're taking their seats in our offices around the country. So, we want to continue growing it carefully, part of that is finding the right people and I think that's really all I can say in that regard.
Robert Lee -- KBW -- Analyst
Okay, thank you. And as a follow-on, I know it's still very early days for the fulcrum fee and it seems like you've had some success adding up new distributors and some early sales. It is -- any sense that in those channels when you start to sell them products that it's being additive to overall gross sales versus maybe cannibalizing existing sales, how are you -- maybe it's too early to tell, but what's your experience so far?
Seth P. Bernstein -- President and Chief Executive Officer
We are pleased with the progress. I think we've said all along this was going to take an awfully long time. Because in part we were appealing to slightly different segments of the marketplace. So I think it's too early to determine whether it's cannibalization. I don't think so, because this is appealing to people with model portfolios. And others, I think it's important to recognize that most of our clients have at least in their non-IRA portfolios, a lot of taxable gains that they don't want to recognize. So I don't think this is really arising from people moving out of existing, but we think it's been additive and -- but we think the process is a slow one and we just want to manage people's expectations around it, but the take-up from distributors has been very reassuring.
Robert Lee -- KBW -- Analyst
Hey great, but maybe one last one. I mean you've talked about and clearly you've had a positive mix shift with new sales in pipelines into higher fee strategies. If we were to look at 2018 fourth quarter and maybe even with the first quarter. Do you have a sense or a number you maybe could share what the new organic revenue growth would have looked like, relative to kind of just a flow picture?
John C. Weisenseel -- Chief Financial Officer
Well, again I -- in terms of the year, let me answer it in terms of the year, I think the arithmetic is pretty straightforward. Fee rate grew 1% and then you can look at what the AUM change is year-on-year and that's really the sum of those two that's going to be over time our organic revenue growth rate.
Robert Lee -- KBW -- Analyst
Okay, thanks for taking my question.
Operator
Thank you. Our next question comes from Alex Blostein from Goldman Sachs. Your line is open.
Alex Blostein -- Goldman Sachs -- Analyst
On the research business, can you talk about the pipeline that you're seeing specifically outside the US, in US and Europe and what sort of -- how do you plan to expand the number of stocks that are being covered and add additional resource in that business?
Seth P. Bernstein -- President and Chief Executive Officer
We are seeing a pipeline outside the US that's similar to what we're seeing in the US in terms of improved mix, I think that's what you're asking.
John C. Weisenseel -- Chief Financial Officer
Yes. Could you repeat the question, because you just --
Alex Blostein -- Goldman Sachs -- Analyst
Yes, sure. We just wanted to get a sense of the pipeline and the -- outside the US and how many more analysts that you plan to add going forward in 2019 and extend the coverage?
Seth P. Bernstein -- President and Chief Executive Officer
Well, I, the -- there the businesses is, as we note, we're in the process of adding analysts around the world, both US as well as, as you mentioned, in Europe and in Asia. Those Asian hires are going to be in both Hong Kong, Singapore and India. The -- I think that that is just a continual process of that business to continue to build out the overall headcount.
Alex Blostein -- Goldman Sachs -- Analyst
Understand. Okay and last one. Any technological improvements or investments that you are planning going forward, like -- and are you trying to build in in-house or are you trying to outsource from a third parties. Just wanted to get a sense as to how you're thinking about it for this year and next year.
Seth P. Bernstein -- President and Chief Executive Officer
See, I think our -- if you're talking about our overall technology spend?
John C. Weisenseel -- Chief Financial Officer
Sorry, can you repeat the question.
Alex Blostein -- Goldman Sachs -- Analyst
Yes, sorry. Just wanted to check on what are the technological improvements or investments are you thinking for 2019 and 2020. And are you trying to build things like internally or trying to purchase it from like going for a third-party outsourcing?
Seth P. Bernstein -- President and Chief Executive Officer
I think that that we do all of the above. We, where it makes sense, we will develop in-house, where it makes sense to use third-party software, we use third-party software or similarly in terms of using onshore and offshore and nearshore resourcing. The -- it is an ongoing strategy across all of our businesses to continue to digitize, there's been a whole series of examples. For example, in our fixed income business, the development of efforts like (inaudible) or in our US Retail business, the SIMON application. There are a host of those types of examples of things going on our business where we are looking to work smarter and more efficiently in everything we do.
Alex Blostein -- Goldman Sachs -- Analyst
Okay, thank you.
Operator
(Operator Instructions) Your next question comes from the line of Will Katz from Citi. Please go ahead.
William Katz -- Citi -- Analyst
Okay. Just a couple of follow-ups. Actually one follow-up on request, on the follow-up just as you think about January sort of curious of the behavior that you're seeing in terms of the snap back in January. You talked about maybe on the retail private client side, where the demand is by asset class and by geography?
Seth P. Bernstein -- President and Chief Executive Officer
Let me start and people may add in. But with regard to January, we reported AUM this morning as you know of $538 billion, that was up 4.2%. That increase was due to market appreciation, partially offset by total firmwide net outflows, but by channel, what we're really seeing is improved retail taxable fixed income flows and the outflows as I mentioned earlier, were more institutional in nature and active equity remains in positive flow.
James A. Gingrich -- Chief Operating Officer
And you asked about geographically, Bill, I say that in retail, the trends have been positive globally. So we've seen good traction in Asia-ex Japan, we've seen more positive or conservative situation in the US, so that includes Global High Yield and American Income.
William Katz -- Citi -- Analyst
Okay, just one request, sort of appreciate all your disclosure. To the extent you could further break out your costs associated with the relocation, somewhere either in the press release or the supplement, I think will help investors get to the core earnings power, core margin improvement. And it takes a little bit of work trying to get there. Thank you very much.
John C. Weisenseel -- Chief Financial Officer
Thank you Bill, this is John. So maybe I can give you a little bit more info there just with regards to 2019. So as I said, we expect 2019, the impact to EPU to be about $0.07 and that impact is going to be split between increased occupancy costs, as well as increased costs on the headcount or human capital side. And the human capital piece tends to flow up into the comp ratio. So we expect the impact or the pressure of the comp ratio from the human capital piece to be about 40 basis points. And I think of the total $0.07, yes, I would say that probably maybe just around a third or slightly more than a third of that will flow through occupancy and the balance would be in that 40 basis points that would flow into the comp ratio for human capital cost.
William Katz -- Citi -- Analyst
Okay, that's really helpful, thank you so much. Thanks for taking all the questions.
Operator
There are no further questions at this time. I'll turn the call back over to management for closing remarks.
Andrea Prochniak -- Director of Investor Relations
Thank you everyone for participating in our conference call today. If you have any follow-up questions, feel free to reach out to the Investor Relation team. Thank you and have a good day.
Operator
That's conclude today's conference call. You may now disconnect.
Duration: 48 minutes
Call participants:
Andrea Prochniak -- Director of Investor Relations
Seth P. Bernstein -- President and Chief Executive Officer
John C. Weisenseel -- Chief Financial Officer
Sean Colman -- Bank of America Merrill Lynch -- Analyst
Daniel Fannon -- Jefferies -- Analyst
William Katz -- Citi -- Analyst
James A. Gingrich -- Chief Operating Officer
Robert Lee -- KBW -- Analyst
Alex Blostein -- Goldman Sachs -- 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. | AllianceBernstein Holding LP (NYSE: AB) Q4 2018 Earnings Conference Call Feb. 13, 2019 , 8:00 a.m. 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, the Director of Investor Relations for AB, Ms. Andrea Prochniak. | Here, we excluded six items of note; $22 million in consolidated variable interest entities operating income, $3 million long-term compensation mark to market losses, $7 million in real estate charges, $2 million in acquisition costs, $2 million contingent payment P&L credits and a $4 million writedown in our investment in a third-party provider of financial market data and trading tools. Duration: 48 minutes Call participants: Andrea Prochniak -- Director of Investor Relations Seth P. Bernstein -- President and Chief Executive Officer John C. Weisenseel -- Chief Financial Officer Sean Colman -- Bank of America Merrill Lynch -- Analyst Daniel Fannon -- Jefferies -- Analyst William Katz -- Citi -- Analyst James A. Gingrich -- Chief Operating Officer Robert Lee -- KBW -- Analyst Alex Blostein -- Goldman Sachs -- Analyst More AB analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q4 2018 Earnings Conference Call Feb. 13, 2019 , 8:00 a.m. | Duration: 48 minutes Call participants: Andrea Prochniak -- Director of Investor Relations Seth P. Bernstein -- President and Chief Executive Officer John C. Weisenseel -- Chief Financial Officer Sean Colman -- Bank of America Merrill Lynch -- Analyst Daniel Fannon -- Jefferies -- Analyst William Katz -- Citi -- Analyst James A. Gingrich -- Chief Operating Officer Robert Lee -- KBW -- Analyst Alex Blostein -- Goldman Sachs -- Analyst More AB analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q4 2018 Earnings Conference Call Feb. 13, 2019 , 8:00 a.m. As a reminder, this conference is being recorded and will be available for replay for one week. | Duration: 48 minutes Call participants: Andrea Prochniak -- Director of Investor Relations Seth P. Bernstein -- President and Chief Executive Officer John C. Weisenseel -- Chief Financial Officer Sean Colman -- Bank of America Merrill Lynch -- Analyst Daniel Fannon -- Jefferies -- Analyst William Katz -- Citi -- Analyst James A. Gingrich -- Chief Operating Officer Robert Lee -- KBW -- Analyst Alex Blostein -- Goldman Sachs -- Analyst More AB analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. AllianceBernstein Holding LP (NYSE: AB) Q4 2018 Earnings Conference Call Feb. 13, 2019 , 8:00 a.m. As a reminder, this conference is being recorded and will be available for replay for one week. |
21657.0 | 2019-02-11 00:00:00 UTC | Net Outflows to Hurt AllianceBernstein's (AB) Q4 Earnings | AB | https://www.nasdaq.com/articles/net-outflows-to-hurt-alliancebernsteins-ab-q4-earnings-2019-02-11 | nan | nan | AllianceBernstein Holding L.P.AB is scheduled to announce fourth quarter and 2018 results on Feb 13, before the market opens. Its revenues and earnings for the to-be-reported quarter are projected to decline year over year.
In the las t report ed quarter, the company's earnings beat the Zacks Consensus Estimate. Results were driven by significant rise in revenues and net inflows while an increase in adjusted operating expenses acted as a tailwind.
AllianceBernstein has an impressive earnings surprise history. Its surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 13.2%.
AllianceBernstein Holding L.P. Price and EPS Surprise
AllianceBernstein Holding L.P. Price and EPS Surprise | AllianceBernstein Holding L.P. Quote
Nonetheless, activities of the company in the fourth quarter failed to encourage analysts. As a result, the consensus estimate for earnings of 64 cents has remained unchanged over the past 30 days. Further, the figure reflects year-over-year decline of 23.8%.
Factors at Play
Per the monthly metrics data published by AllianceBernstein, its preliminary assets under management (AUM) of $516 billion as of Dec 31, 2018, were down 6.3% from Sep 30, 2018. Significant volatility and corrections in equity markets resulted in substantial outflows during the fourth quarter. Thus, given the decline in total AUM, base and performance are expected to have decreased.
As base fees constitute a significant part of AllianceBernstein's net revenues, fall in the same will have an adverse impact on the top line. Therefore, the consensus estimate for sales for the to-be-reported quarter is $700.5 million, which reflects a fall of 9% year over year.
On the cost front, expenses are expected to remain manageable. As AllianceBernstein's financial performance is not expected to be impressive in the fourth quarter, employee compensation costs are likely to decline. Nonetheless, the company will likely record a rise in interest on borrowing, given the higher interest rates.
Earnings Whispers
Here's what our quantitative model predicts:
The chances of AllianceBernstein beating the Zacks Consensus Estimate in the fourth quarter are low. This is because it does not have the right combination of the two key ingredients - a positive Earnings ESP and Zacks Rank #3 (Hold) or higher - for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Earnings ESP: The Earnings ESP for AllianceBernstein is 0.00%.
Zacks Rank: AllianceBernstein currently has a Zacks Rank #4 (Sell), which further lowers the predictive power of ESP.
Stocks to Consider
Here are a few finance stocks that you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
Bank of Montreal BMO is slated to release results on Feb 26. The company has an Earnings ESP of +0.30% and carries a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Bank of Nova Scotia BNS is scheduled to release results on Feb 26. It has an Earnings ESP of +0.89% and carries a Zacks Rank #3.
Garrison Capital Inc. GARS has an Earnings ESP of +11.94% and has a Zacks Rank #2 (Buy). It is scheduled to report results on Mar 5.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P.AB is scheduled to announce fourth quarter and 2018 results on Feb 13, before the market opens. On the cost front, expenses are expected to remain manageable. See how you can more effectively safeguard your retirement with a new Special Report, "4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future." | Click to get this free report Bank Of Montreal (BMO): Free Stock Analysis Report Bank of Nova Scotia (The) (BNS): Get Free Report AllianceBernstein Holding L.P. (AB): Get Free Report Garrison Capital Inc. (GARS): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB is scheduled to announce fourth quarter and 2018 results on Feb 13, before the market opens. On the cost front, expenses are expected to remain manageable. | Click to get this free report Bank Of Montreal (BMO): Free Stock Analysis Report Bank of Nova Scotia (The) (BNS): Get Free Report AllianceBernstein Holding L.P. (AB): Get Free Report Garrison Capital Inc. (GARS): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB is scheduled to announce fourth quarter and 2018 results on Feb 13, before the market opens. On the cost front, expenses are expected to remain manageable. | AllianceBernstein Holding L.P.AB is scheduled to announce fourth quarter and 2018 results on Feb 13, before the market opens. On the cost front, expenses are expected to remain manageable. See how you can more effectively safeguard your retirement with a new Special Report, "4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future." |
21658.0 | 2019-01-25 00:00:00 UTC | New Strong Sell Stocks for January 25th | AB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-25th-2019-01-25 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
AllianceBernstein Holding L.P.AB is the owner and operator of an investment management company. The Zacks Consensus Estimate for its current year earnings has been revised 0.7% downward over the last 30 days.
Apergy CorporationAPY is a provider of engineered equipment and technologies. The Zacks Consensus Estimate for its current year earnings has been revised 1.4% downward over the last 60 days.
Avino Silver & Gold Mines Ltd.ASM is involved in production and sale of silver, gold and copper. The Zacks Consensus Estimate for its current year earnings has been revised 1.3% downward over the last 60 days.
Baidu, Inc.BIDU is a provider of internet search services. The Zacks Consensus Estimate for its current year earnings has been revised 2% downward over the last 60 days.
BHP GroupBHP is an acquirer and developer of natural resources. The Zacks Consensus Estimate for its current year earnings has been revised 6.8% downward over the last 60 days.
View the entire Zacks Rank #5 List .
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Baidu, Inc. (BIDU): Get Free Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
BHP Billiton Limited (BHP): Free Stock Analysis Report
Avino Silver (ASM): Free Stock Analysis Report
Apergy Corporation (APY): 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.
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 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P.AB is the owner and operator of an investment management company. Click to get this free report Baidu, Inc. (BIDU): Get Free Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report BHP Billiton Limited (BHP): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis Report Apergy Corporation (APY): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 1.4% downward over the last 60 days. | Click to get this free report Baidu, Inc. (BIDU): Get Free Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report BHP Billiton Limited (BHP): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis Report Apergy Corporation (APY): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P.AB is the owner and operator of an investment management company. The Zacks Consensus Estimate for its current year earnings has been revised 0.7% downward over the last 30 days. | Click to get this free report Baidu, Inc. (BIDU): Get Free Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report BHP Billiton Limited (BHP): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis Report Apergy Corporation (APY): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P.AB is the owner and operator of an investment management company. The Zacks Consensus Estimate for its current year earnings has been revised 0.7% downward over the last 30 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AllianceBernstein Holding L.P.AB is the owner and operator of an investment management company. Click to get this free report Baidu, Inc. (BIDU): Get Free Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report BHP Billiton Limited (BHP): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis Report Apergy Corporation (APY): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List . |
21659.0 | 2019-01-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 1/6/2019 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-joel-greenblatt-162019-2019-01-06 | 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.
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
AMERIS BANCORP ( ABCB ) 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: 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Joel Greenblatt has returned 94.72% vs. 100.14% for the S&P 500. For more details on this strategy, click here
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.
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. |
21660.0 | 2019-01-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Martin Zweig - 1/6/2019 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-martin-zweig-162019-2019-01-06 | nan | nan | The following are the top rated Financial stocks according to 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.
EAGLE BANCORP, INC. ( EGBN ) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig is 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: Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is the Company's principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area. The Bank also provides commercial banking services to proprietorships, businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the Bank's primary service area. The Bank offers a range of retail banking services to accommodate the individual needs of both corporate customers, as well as the community the Bank serves. It also offers online banking, mobile banking and remote deposit 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
SERVISFIRST BANCSHARES, INC. ( SFBS ) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig is 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: ServisFirst Bancshares, Inc. is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company's principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions. The Company's principal sources of funds for loans and investments are demand, time, savings and other deposits and the amortization and prepayment of loans and borrowings. The Company offers a range of products and services, including round the clock telephone banking, direct deposit, Internet banking, mobile banking, traveler's checks, safe deposit boxes, attorney trust accounts and automatic account transfers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 is 97% 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
FIRST BUSEY CORPORATION ( BUSE ) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig is 97% 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: First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St. Louis, Missouri metropolitan area, southwest Florida and through its branch in Indianapolis, Indiana. The Remittance Processing segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management segment provides a range of asset management, investment and fiduciary services to individuals, businesses and foundations, philanthropic advisory services and farm and brokerage services. The Company conducts the business of banking and related services through Busey Bank. The Company's subsidiaries also include First Community Financial Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Martin Zweig has returned 376.52% vs. 154.70% for the S&P 500. For more details on this strategy, click here
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.
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. |
21661.0 | 2019-01-04 00:00:00 UTC | Moving Average Crossover Alert: AllianceBernstein | AB | https://www.nasdaq.com/articles/moving-average-crossover-alert%3A-alliancebernstein-2019-01-04 | nan | nan | AllianceBernstein Holding L.P.AB could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AB broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 9% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock.
If that wasn't enough, AB isn't looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Consider that in the last 30 days, 1 estimate has been reduced, while none has moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.
That is why we currently have a Zacks Rank #4 (Sell) on this stock and are looking for it to underperform in the weeks ahead. So, either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AB . You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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See Zacks' 3 Best Stocks to Play This Trend >>
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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.
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 could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. So, either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AB . | And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. | AllianceBernstein Holding L.P.AB could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AB broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. | AllianceBernstein Holding L.P.AB could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AB broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AB stock. |
21662.0 | 2018-12-13 00:00:00 UTC | AllianceBernstein Reports Sequential Rise in November AUM | AB | https://www.nasdaq.com/articles/alliancebernstein-reports-sequential-rise-in-november-aum-2018-12-13 | nan | nan | AllianceBernstein Holding L.P.AB announced its assets under management (AUM) for November 2018. The company's preliminary month-end AUM of $533 billion increased marginally from the prior month.
Market appreciation was the primary reason behind the increase in total AUM. However, this was partially offset by total net outflows.
At the end of the reported month, AllianceBernstein's Equity AUM increased 2.5% sequentially to $202 billion. Fixed Income AUM decreased 1.1% from the October 2018 level to $270 billion. Others AUM (including certain multi-asset services and solutions, and certain alternative investments) grew 1.7% to $61 billion.
At the end of November 2018, by channel, Institutions AUM of $249 billion was down marginally from the prior month. However, Retail AUM increased 2.1% sequentially to $191 billion. Private Wealth AUM remained unchanged at $93 billion.
While the decline in AUM in the previous months due to tough operating backdrop remains a concern for AllianceBernstein, growth in revenues is expected to provide support to some extent.
Shares of AllianceBernstein have rallied 8.8% so far this year against 26.6% decline recorded by the industry .
AllianceBernstein currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Performance of Other Asset Managers
Franklin Resources BEN announced preliminary AUM by its subsidiaries of $683.3 billion for November. Results reflect a marginal improvement from $682.7 billion recorded as of Oct 31. The rise was primarily driven by net market gains.
Cohen & Steers CNS reported preliminary AUM of $58.6 billion as of Nov 30, 2018, up 1.3% from the prior-month level. Market appreciation of $1.5 billion was partially offset by outflows of $530 million and distributions of $198 million.
Invesco Ltd.'s IVZ preliminary month-end AUM of $926 billion for November declined less than 0.1% from the prior month. Net long-term outflows and non-management fee earning AUM outflows were the primary reasons behind the decline in total AUM. These were partially offset by favorable market returns, higher money market AUM and reinvested distributions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 its assets under management (AUM) for November 2018. These were partially offset by favorable market returns, higher money market AUM and reinvested distributions. Click to get this free report Invesco Ltd. (IVZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Franklin Resources, Inc. (BEN): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Invesco Ltd. (IVZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Franklin Resources, Inc. (BEN): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB announced its assets under management (AUM) for November 2018. These were partially offset by favorable market returns, higher money market AUM and reinvested distributions. | Click to get this free report Invesco Ltd. (IVZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Franklin Resources, Inc. (BEN): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB announced its assets under management (AUM) for November 2018. These were partially offset by favorable market returns, higher money market AUM and reinvested distributions. | AllianceBernstein Holding L.P.AB announced its assets under management (AUM) for November 2018. These were partially offset by favorable market returns, higher money market AUM and reinvested distributions. Click to get this free report Invesco Ltd. (IVZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Franklin Resources, Inc. (BEN): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. |
21663.0 | 2018-12-06 00:00:00 UTC | AllianceBernstein Holding Enters Oversold Territory | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-enters-oversold-territory-2018-12-06 | 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 a stellar rank, in the top 10% 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 $26.68 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 29.4 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.5. 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 2.76/share (currently paid in quarterly installments) works out to an annual yield of 9.21% based upon the recent $29.98 share price.
A bullish investor could look at AB's 29.4 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.
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 29.4 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 a stellar rank, in the top 10% 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 $26.68 per share. | Indeed, AB's recent annualized dividend of 2.76/share (currently paid in quarterly installments) works out to an annual yield of 9.21% based upon the recent $29.98 share price. AllianceBernstein Holding LP (Symbol: AB) presently has a stellar rank, in the top 10% 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 $26.68 per share. | 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 a stellar rank, in the top 10% 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 $26.68 per share. | Indeed, AB's recent annualized dividend of 2.76/share (currently paid in quarterly installments) works out to an annual yield of 9.21% based upon the recent $29.98 share price. AllianceBernstein Holding LP (Symbol: AB) presently has a stellar rank, in the top 10% 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 $26.68 per share. |
21664.0 | 2018-12-06 00:00:00 UTC | AllianceBernstein Holding (AB) Shares Cross Below 200 DMA | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-ab-shares-cross-below-200-dma-2018-12-06 | nan | nan | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.70, changing hands as low as $27.78 per share. AllianceBernstein Holding LP shares are currently trading down about 7.2% 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 $24.36 per share, with $31.24 as the 52 week high point - that compares with a last trade of $27.53.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.70, changing hands as low as $27.78 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 $24.36 per share, with $31.24 as the 52 week high point - that compares with a last trade of $27.53. AllianceBernstein Holding LP shares are currently trading down about 7.2% on the day. | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.70, changing hands as low as $27.78 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 $24.36 per share, with $31.24 as the 52 week high point - that compares with a last trade of $27.53. AllianceBernstein Holding LP shares are currently trading down about 7.2% on the day. | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.70, changing hands as low as $27.78 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 $24.36 per share, with $31.24 as the 52 week high point - that compares with a last trade of $27.53. AllianceBernstein Holding LP shares are currently trading down about 7.2% on the day. | In trading on Thursday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $28.70, changing hands as low as $27.78 per share. AllianceBernstein Holding LP shares are currently trading down about 7.2% 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 $24.36 per share, with $31.24 as the 52 week high point - that compares with a last trade of $27.53. |
21665.0 | 2018-11-21 00:00:00 UTC | AllianceBernstein (AB) to Buy U.K.-Based Autonomous Research | AB | https://www.nasdaq.com/articles/alliancebernstein-ab-to-buy-u.k.-based-autonomous-research-2018-11-21 | nan | nan | AllianceBernstein Holding L.P.AB recently announced that it has inked an agreement to acquire all partnership interests and shares of U.K.-based global financial service provider, Autonomous Research. While neither of the companies disclosed the details of deal, per the market rumors, it is valued at nearly $110 million.
Seth Bernstein, AllianceBernstein's President and CEO said, "The combination of Autonomous and Bernstein positions AB to be the preeminent provider of the industry's highest quality independent research to our clients worldwide. Research is the foundation of our business, and investing judiciously in these capabilities will enhance AB's reputation and value proposition to all our clients."
Transaction Details and Benefits
The deal, still subject to regulatory approvals, is expected to close over the next few months. AllianceBernstein projects the acquisition to be marginally accretive to earnings by 2020, in lieu of modest up-front investment. It also is anticipated to further strengthen the company's scale and global reach with offices across Europe, Asia and the United States.
Following the closure of the deal, each entity will likely be retaining their respective business model and even brand identity, initially. Erick Davis, CEO of Autonomous Research said, "The combination with AB will allow us to offer a complementary range of research and trading capabilities to a wider global audience."
Conclusion
The announcement comes at a time when asset management industry is facing regulatory upheaval following the introduction of Markets in Financial Instruments Directive or Mifid II in Europe. This requires investors to pay separately for the research and trade executions, instead of having that covered by the margins paid for the trades.
Notably, most of the research houses have decided to pay from the research from their own pockets rather than passing the costs to investors. Therefore, asset management industry is likely to witness further consolidation going forward.
The acquisition is expected further strengthen AllianceBernstein's revenue base and improve profitability.
The stock has rallied 15.1% over the past year against the industry 's decline of 19.5%.
Currently, AllianceBernstein carries a Zacks Rank #3 (Hold).
Stocks Worth Considering
Some better-ranked banks are Woori Bank WF , Ameriprise Financial, Inc. AMP and KKR & Co. L.P. KKR .
Over the past 30 days, the Zacks Consensus Estimate for Woori Bank's current-year earnings has moved 18.4% upward. Its share price has surged 35.5% in the past two years. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Ameriprise's earnings estimates for 2018 have moved 2.1% upward over the past 30 days. Its shares have rallied 7.4% over the past two years. The stock has a Zacks Rank of 2 (Buy).
Also carrying a Zacks Rank #2, KKR has gained 35.6% over the past two years. Further over the past 30 days, the company's earnings estimates for 2018 have risen 7.9%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 recently announced that it has inked an agreement to acquire all partnership interests and shares of U.K.-based global financial service provider, Autonomous Research. Research is the foundation of our business, and investing judiciously in these capabilities will enhance AB's reputation and value proposition to all our clients." Seth Bernstein, AllianceBernstein's President and CEO said, "The combination of Autonomous and Bernstein positions AB to be the preeminent provider of the industry's highest quality independent research to our clients worldwide. | Click to get this free report KKR & Co. L.P. (KKR): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Woori Bank (WF): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB recently announced that it has inked an agreement to acquire all partnership interests and shares of U.K.-based global financial service provider, Autonomous Research. Seth Bernstein, AllianceBernstein's President and CEO said, "The combination of Autonomous and Bernstein positions AB to be the preeminent provider of the industry's highest quality independent research to our clients worldwide. | Seth Bernstein, AllianceBernstein's President and CEO said, "The combination of Autonomous and Bernstein positions AB to be the preeminent provider of the industry's highest quality independent research to our clients worldwide. Erick Davis, CEO of Autonomous Research said, "The combination with AB will allow us to offer a complementary range of research and trading capabilities to a wider global audience." Click to get this free report KKR & Co. L.P. (KKR): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Woori Bank (WF): Free Stock Analysis Report To read this article on Zacks.com click here. | Erick Davis, CEO of Autonomous Research said, "The combination with AB will allow us to offer a complementary range of research and trading capabilities to a wider global audience." AllianceBernstein Holding L.P.AB recently announced that it has inked an agreement to acquire all partnership interests and shares of U.K.-based global financial service provider, Autonomous Research. Seth Bernstein, AllianceBernstein's President and CEO said, "The combination of Autonomous and Bernstein positions AB to be the preeminent provider of the industry's highest quality independent research to our clients worldwide. |
21666.0 | 2018-11-01 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for November 02, 2018 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-ex-dividend-date-scheduled-november-02-2018-2018-11-01 | nan | nan | AllianceBernstein Holding L.P. ( AB ) will begin trading ex-dividend on November 02, 2018. A cash dividend payment of $0.69 per share is scheduled to be paid on November 15, 2018. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 11.29% increase over prior dividend payment. At the current stock price of $28.91, the dividend yield is 9.55%.
The previous trading day's last sale of AB was $28.91, representing a -7.46% decrease from the 52 week high of $31.24 and a 20.43% increase over the 52 week low of $24.01.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and KKR & Co. Inc. ( KKR ). AB's current earnings per share, an indicator of a company's profitability, is $2.71. Zacks Investment Research reports AB's forecasted earnings growth in 2018 as 16.52%, compared to an industry average of 4.8%.
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.
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. Zacks Investment Research reports AB's forecasted earnings growth in 2018 as 16.52%, compared to an industry average of 4.8%. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | 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 ) will begin trading ex-dividend on November 02, 2018. 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. The previous trading day's last sale of AB was $28.91, representing a -7.46% decrease from the 52 week high of $31.24 and a 20.43% increase over the 52 week low of $24.01. 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 $2.71. AllianceBernstein Holding L.P. ( AB ) will begin trading ex-dividend on November 02, 2018. |
21667.0 | 2018-10-26 00:00:00 UTC | Principal Financial (PFG) Misses on Q3 Earnings, Ups Dividend | AB | https://www.nasdaq.com/articles/principal-financial-pfg-misses-on-q3-earnings-ups-dividend-2018-10-26 | nan | nan | Principal Financial Group, Inc .'s PFG third-quarter 2018 reported operating net income of $1.67 per share, which missed the Zacks Consensus Estimate by 2.3%. However, the bottom line improved 30.5% year over year.
Principal Financial Group, Inc. Price, Consensus and EPS Surprise
Principal Financial Group, Inc. Price, Consensus and EPS Surprise | Principal Financial Group, Inc. Quote
Principal Financial delivered growth in assets under management. The company's investment performance also remained solid. Moreover, the company displayed a balanced approach to capital management.
The quarter included the results of significant variances including the annual actuarial assumption review, which benefited net income by 12 cents per share.
Behind the Headlines
Operating revenues increased 10.2% year over year to $4.4 billion. Higher premiums and other considerations, fees and other revenues as well as net investment income drove this upside. The top line also beat the Zacks Consensus Estimate by 12.8%.
Total expenses rose 8.9% year over year to $3.8 billion on higher benefits, claims and settlement expense as well as operating expenses.
Principal Financial's Asset Under Management (AUM) as of Sep 30, 2018 amounted to $667.8 billion, up 2% year over year.
Segment Update
Retirement and Income Solution : Revenues improved 2.9% year over year to about $2.4 billion.
Pre-tax operating earnings increased 23.7% year over year to $259.8 million owing to solid performance at Retirement and Income Solution - Fee business as well as at Retirement and Income Solution - Spread business.
Principal Global Investors : Revenues of $632.8 million were up 72.2% from the prior-year quarter.
Operating earnings shot up 65.4% year over year to $215.4 million.
Principal International : Revenues rose 4.6% year over year to $287.4 million in the third quarter.
Operating earnings dropped 55.2% year over year to $32.4 million.
U.S. Insurance Solution : Revenues grew 4.4% year over year to $1 billion.
Operating earnings of $118.2 million soared 42% year over year, driven by better performances at Individual Life Insurance business.
Corporate : Operating loss of $32.4 million was narrower than $43 million loss incurred a year ago. The company expects $190-$210 million in operating loss for 2018.
Financial Update
As of Sep 30, 2018, cash and cash equivalents were $2.9 billion, up 4.7% year over year.
At third-quarter end, debt was $3.3 billion, up from $3.2 billion from the year-ago level.
As of Sep 30, 2018, book value per share (excluding AOCI other than foreign currency translation adjustment) was $41.90, up 2.9% year over year.
Dividend and Share Repurchase Update
The company paid $150.7 million in dividends and deployed $64.9 million to buy back 1.1 million shares.
The board of directors of Principal Financial announced a dividend of 54 cents per share for the third quarter of 2018, translating into a 10% rise over the last quarter of 2017. The same also marks the 11th straight hike.
Principal Financial retained its guidance for 2018 capital deployment in a target range of $0.9-$1.3 billion.
Zacks Rank
Principal Financial carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Performance of Other Investment Managers
In the third quarter, the bottom line of Ameriprise Financial, Inc. AMP and AllianceBernstein Holding L.P AB beat the respective Zacks Consensus Estimate while that of Legg Mason, Inc. LM missed the same.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Performance of Other Investment Managers In the third quarter, the bottom line of Ameriprise Financial, Inc. AMP and AllianceBernstein Holding L.P AB beat the respective Zacks Consensus Estimate while that of Legg Mason, Inc. LM missed the same. Segment Update Retirement and Income Solution : Revenues improved 2.9% year over year to about $2.4 billion. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. | Performance of Other Investment Managers In the third quarter, the bottom line of Ameriprise Financial, Inc. AMP and AllianceBernstein Holding L.P AB beat the respective Zacks Consensus Estimate while that of Legg Mason, Inc. LM missed the same. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. Segment Update Retirement and Income Solution : Revenues improved 2.9% year over year to about $2.4 billion. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. Segment Update Retirement and Income Solution : Revenues improved 2.9% year over year to about $2.4 billion. Performance of Other Investment Managers In the third quarter, the bottom line of Ameriprise Financial, Inc. AMP and AllianceBernstein Holding L.P AB beat the respective Zacks Consensus Estimate while that of Legg Mason, Inc. LM missed the same. | Segment Update Retirement and Income Solution : Revenues improved 2.9% year over year to about $2.4 billion. Performance of Other Investment Managers In the third quarter, the bottom line of Ameriprise Financial, Inc. AMP and AllianceBernstein Holding L.P AB beat the respective Zacks Consensus Estimate while that of Legg Mason, Inc. LM missed the same. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Legg Mason, Inc. (LM): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. |
21668.0 | 2018-10-25 00:00:00 UTC | Validea Martin Zweig Strategy Daily Upgrade Report - 10/25/2018 | AB | https://www.nasdaq.com/articles/validea-martin-zweig-strategy-daily-upgrade-report-10252018-2018-10-25 | 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.
GREENE COUNTY BANCORP ( GCBC ) is a small-cap growth 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: Greene County Bancorp, Inc. is the holding company of The Bank of Greene County, a federally chartered savings bank. The Company's principal business is overseeing and directing the business of The Bank of Greene County and monitoring its cash position. The Bank of Greene County, through its affiliations, offers investment alternatives for customers. The Bank of Greene County operates a subsidiary, Greene County Commercial Bank. The purpose of Greene County Commercial Bank is to serve local municipalities' banking needs. It also operates a real estate investment trust, Greene Property Holdings, Ltd., which owns mortgages originated through The Bank of Greene County. Through its pooled captive insurance company subsidiary, Greene Risk Management, Inc., it provides additional insurance coverage. As of June 30, 2016, The Bank of Greene County operated 13 banking offices, operations center and lending center located in its market area within the Hudson Valley Region of New York State.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 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: 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
HOME BANCORP, INC. ( HBCP ) 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: Home Bancorp, Inc. is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi. The Bank is engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bank originates loans, including one- to four-family first mortgage loans, home equity loans and lines, construction and land loans, multi-family residential loans and consumer loans. The Bank's lending activities include loans secured by commercial real estate loans, and commercial and industrial loans. In addition to commercial real estate and commercial and industrial loans, the Bank holds a portfolio of construction and land 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
FIRST FOUNDATION INC ( FFWM ) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 69% 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: First Foundation Inc. is a financial services holding company that provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. The Company conducts its operations through its subsidiaries, First Foundation Advisors ( FFA ) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a subsidiary of FFB. The Company's segments include Banking, Investment Management and Wealth Planning (Wealth Management), and Other. The Banking segment includes the operations of FFB and FFIS, and Wealth Management segment includes the operations of FFA. The Company's integrated platform provides investment management, wealth planning, consulting, trust, banking products and services, life insurance services and property and casualty insurance services to meet the financial needs of its clients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
NATIONAL COMMERCE CORP (NCOM) is a small-cap growth stock in the Regional Banks 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: National Commerce Corporation (NCC) is a financial holding company. The Company is engaged in the business of banking through its banking subsidiary, National Bank of Commerce (the Bank). The Company, through the Bank, provides a range of financial services to businesses, business owners and professionals. It holds interest in CBI Holding Company, LLC, which owns Corporate Billing, LLC, a transaction-based finance company that provides factoring, invoicing, collection and accounts receivable management services to transportation companies, and automotive parts and service providers across the United States and Canada. Its loan portfolio includes construction, land development and other land loans; loans secured by farmland; loans secured by one- to four-family residential properties; loans secured by multifamily residential properties; loans secured by nonfarm nonresidential properties; loans secured by real estate; commercial and industrial loans; consumer loans, and other 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Martin Zweig has returned 399.23% vs. 165.50% for the S&P 500. For more details on this strategy, click here
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.
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. |
21669.0 | 2018-10-23 00:00:00 UTC | What's in Store for AllianceBernstein (AB) in Q3 Earnings? | AB | https://www.nasdaq.com/articles/whats-in-store-for-alliancebernstein-ab-in-q3-earnings-2018-10-23 | nan | nan | AllianceBernstein Holding L.P.AB is scheduled to report third-quarter 2018 results on Oct 24, before the opening bell. Its revenues and earnings are projected to grow on a year-over-year basis.
In the last reported quarter, the company's earnings per unit surpassed the Zacks Consensus Estimate. Growth in assets under management (AUM) and rise in revenues were partially offset by higher expenses.
AllianceBernstein boasts an impressive earnings surprise history. Its earnings have surpassed estimates in three of the trailing four quarters with an average positive surprise of 9.9%.
Also, activities of the company in the third quarter won analysts' confidence. As a result, its Zacks Consensus Estimate for earnings of 62 cents has moved 3.3% upward over the past 30 days. The figure reflects a year-over-year improvement of 21.6%. The consensus estimate for sales of $716.2 million reflects a rise of 8.4%.
Factors to Influence Results
Per the monthly metrics data released by AllianceBernstein, its preliminary AUM of $550 billion as of Sep 30, 2018, was up from $539.8 billion as of Jun 30, 2018. The increase is expected to be mainly driven by strong inflows in retail channel.
Given the increase in AUM in the quarter and an improvement in the overall economic scenario, performance fee is expected to rise in the to-be-reported quarter. Further, base fees are projected to record an uptrend driven by similar reasons.
AllianceBernstein is also likely to record a rise in interest expenses in the third quarter as increase in interest rates will lead it to pay higher interest on broker-dealer customer balances.
Further, because of rise in compensation and benefit costs, AllianceBernstein's overall expenses remained elevated in the past few years. Moreover, as its well-performing funds require more headcount, expenses are likely to increase further during the quarter.
Here is what our quantitative model predicts:
We cannot conclusively predict whether AllianceBernsteinwill beat the Zacks Consensus Estimate this time. This is because it doesn't have the right combination of the two key ingredients - a positive Earnings ESP and Zacks Rank #3 (Hold) or higher - for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Earnings ESP: The Earnings ESP for AllianceBernstein is 0.00%.
Zacks Rank: AllianceBernstein currently has a Zacks Rank of 3, which increases the predictive power of ESP. But we need to have a positive Earnings ESP to be sure of the positive surprise.
AllianceBernstein Holding L.P. Price and EPS Surprise
AllianceBernstein Holding L.P. Price and EPS Surprise | AllianceBernstein Holding L.P. Quote
Stocks That Warrant a Look
Here are some finance stocks that you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
SVB Financial Group SIVB is slated to report third-quarter 2018 results on Oct 25. It has an Earnings ESP of +1.22% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Cullen/Frost Bankers CFR is also slated to release results on Oct 25. It has an Earnings ESP of +0.07% and carries a Zacks Rank #3.
T. Rowe Price Group TROW has an Earnings ESP of +0.78% and carries a Zacks Rank #2 (Buy). It is set to report September quarter-end results on Oct 25.
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Cullen/Frost Bankers, Inc. (CFR): Free Stock Analysis Report
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P.AB is scheduled to report third-quarter 2018 results on Oct 24, before the opening bell. Over the years it has been remarkably consistent. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. | Click to get this free report Cullen/Frost Bankers, Inc. (CFR): Free Stock Analysis Report SVB Financial Group (SIVB): Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB is scheduled to report third-quarter 2018 results on Oct 24, before the opening bell. Over the years it has been remarkably consistent. | Click to get this free report Cullen/Frost Bankers, Inc. (CFR): Free Stock Analysis Report SVB Financial Group (SIVB): Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB is scheduled to report third-quarter 2018 results on Oct 24, before the opening bell. Over the years it has been remarkably consistent. | Click to get this free report Cullen/Frost Bankers, Inc. (CFR): Free Stock Analysis Report SVB Financial Group (SIVB): Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P.AB is scheduled to report third-quarter 2018 results on Oct 24, before the opening bell. Over the years it has been remarkably consistent. |
21670.0 | 2018-10-22 00:00:00 UTC | The 3 Best Big Dividends (Up to 9.5%) for This Uncertain Market | AB | https://www.nasdaq.com/articles/3-best-big-dividends-95-uncertain-market-2018-10-22 | nan | nan | By Brett Owens
Dividends or growth? Why choose?
ThereaEURtms a widespread belief that stocks and funds can deliver red-hot capital gains or substantial income, but not both. Fortunately for us thataEURtms not true.
It is possible to collect big dividends and capital appreciation. IaEURtmm going to show you how to safely collect 32% in total returns in less than a year from a big dividend payer. And while this aEURoeeasy dividend moneyaEUR has been made, weaEURtmll discuss three more stocks yielding around 8%-9% that can deliver 20%+ in dividends and upside over the next twelve months..
Income investors like you and me should focus on total returns , which are made up of dividends and price appreciation. The latter, price gains, are driven by a combination of:
Growth in the actual business, which naturally makes a stock worth more.
Dividend increases , which drives investors to buy up stocks and funds alike.
A climb toward fair value (say, the closing of the discount window in a closed-end fund, or a higher multiple on a REITaEURtms funds from operations)
The first two drivers are what sent AllianceBernstein ( AB ) , which I highlighted back on Dec. 16, 2017 , to market-clobbering returns ever since. I pointed out some optimistic analyst outlooks for the stock, as well as widening operating margins and an unorthodox but upward-trending distribution. Sure enough, AllianceBernstein proceeded to churn out 35% in adjusted profit growth over the next three quarters, then returned every cent of that back to investors.
The results? Total returns of 32%. ThataEURtms 22% in growth, and another 10% in dividends, for a total return that has quintupled the S&P 500 over the same time frame!
AB Delivers 10% in DividendsPlus22% Upside
Senior Housing Properties Trust ( SNH )
Dividend Yield: 9.5%
Senior Housing Properties Trust ( SNH ) is a Baby Boomer play thataEURtms pretty much exactly what you would expect from its name, but also more. Of its 443 properties across 42 states and Washington, D.C., 50% are senior living communities. However, SNH also boasts life science centers (23%), medical office buildings (21%), wellness centers (3%) and skilled nursing facilities (3%) aEUR" other types of businesses that should flourish with the aging of the Boomers.
But thereaEURtms another reason to like Senior Housing PropertiesaEURtm business right now, and thataEURtms its focus on privately paying customers. In fact, the company boasts aEURoelimited government funding exposure,aEUR with 97% of its net operating income coming from private-pay properties. That looks like it could be increasingly important with Congress starting to beat the drums on aEURoeentitlement reformaEUR (thataEURtms politician-speak for reducing Medicare, Social Security, etc.)
The basic business case is there. What should give SNH an extra kick in the pants? For one, analysts are expecting an outsize year of profits in 2018 before it aEURoepulls backaEUR in 2019 aEUR" though still to levels about 34% higher than they were in 2017. Value should play a role, too. A pullback in real estate this year has swept up Senior Housing and brought it to a valuation of less than 11 times its TTM funds from operations. Tack on a nearly 10% dividend, and youaEURtmre looking at likely total returns of 20%-plus over the next year.
Starwood Property Trust ( STWD )
Dividend Yield: 8.9%
Mortgage REIT Starwood Property Trust ( STWD ) has a portfolio of more than $12 billion, primarily invested in first mortgage loans but with exposure to mezzanine loans, subordinated mortgages, commercial mortgage-backed securities ( CMBS ) and a few other investments.
This is a diversified pie no matter which way you slice it. By property type? Office (32%), hotel (22%), multi-family (13%), mixed use (12%) and several others. By region? West (27%), Northeast (26%), Southwest (16%) and again others, and even including 9% international exposure.
But the thing I love most about Starwood is its one big imbalance.
Mortgage REITs historically have performed poorly when interest rates head higher. However, roughly 95% of StarwoodaEURtms portfolio is floating-rate in nature, and in fact the company expects to its cash flow to increase in a rising-rate environment. And what do we have right now?
A Rising-Rate Environment
Sabra Health Care REIT ( SBRA )
Dividend Yield: 8.4%
Next up, I want to double down on one of the other picks I made last December aEUR" Sabra Health Care REIT ( SBRA ) , which also has had a nice run since my call, tripling the total return of the S&P 500.
LetaEURtms Double Dip in Sabra!
Sabra did hit some turbulence after a multibillion-dollar merger in 2017, as well as a prorated dividend, though it made good on that and even hiked the payout after that.
The business clearly is on the right path. Full-year adjusted AFFO came to $2.31 in 2017, up from $2.26 the year prior. And in 2018, AFFO for the first six months of the year has come to $1.14 aEUR" thataEURtms up from $1.10 during the same period last year, and makes for a safe 127% dividend coverage.
Earn a 28% Return in1 YearFrom AmericaaEURtms Safest Stocks
I like the three stocks IaEURtmve outlined above, but IaEURtmm in love with a set of four new high-yield, total-return plays that my research has produced.
In fact, I havenaEURtmt been this excited about an income opportunity in years .
What if I told you that you could turn some of Wall StreetaEURtms most exciting, growth-oriented blue chips, such as Visa (V) and Google-parent Alphabet (GOOGL) , into aEURoedouble threataEUR holdings that deliver double-digit upside and 8%-plus dividends? Well, given that Visa pays less than 1% and Alphabet doesnaEURtmt deliver a single penny in income, youaEURtmd probably call me crazy aEUR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | What if I told you that you could turn some of Wall StreetaEURtms most exciting, growth-oriented blue chips, such as Visa (V) and Google-parent Alphabet (GOOGL) , into aEURoedouble threataEUR holdings that deliver double-digit upside and 8%-plus dividends? A climb toward fair value (say, the closing of the discount window in a closed-end fund, or a higher multiple on a REITaEURtms funds from operations) The first two drivers are what sent AllianceBernstein ( AB ) , which I highlighted back on Dec. 16, 2017 , to market-clobbering returns ever since. AB Delivers 10% in DividendsPlus22% Upside Senior Housing Properties Trust ( SNH ) Dividend Yield: 9.5% Senior Housing Properties Trust ( SNH ) is a Baby Boomer play thataEURtms pretty much exactly what you would expect from its name, but also more. | AB Delivers 10% in DividendsPlus22% Upside Senior Housing Properties Trust ( SNH ) Dividend Yield: 9.5% Senior Housing Properties Trust ( SNH ) is a Baby Boomer play thataEURtms pretty much exactly what you would expect from its name, but also more. A Rising-Rate Environment Sabra Health Care REIT ( SBRA ) Dividend Yield: 8.4% Next up, I want to double down on one of the other picks I made last December aEUR" Sabra Health Care REIT ( SBRA ) , which also has had a nice run since my call, tripling the total return of the S&P 500. A climb toward fair value (say, the closing of the discount window in a closed-end fund, or a higher multiple on a REITaEURtms funds from operations) The first two drivers are what sent AllianceBernstein ( AB ) , which I highlighted back on Dec. 16, 2017 , to market-clobbering returns ever since. | AB Delivers 10% in DividendsPlus22% Upside Senior Housing Properties Trust ( SNH ) Dividend Yield: 9.5% Senior Housing Properties Trust ( SNH ) is a Baby Boomer play thataEURtms pretty much exactly what you would expect from its name, but also more. A climb toward fair value (say, the closing of the discount window in a closed-end fund, or a higher multiple on a REITaEURtms funds from operations) The first two drivers are what sent AllianceBernstein ( AB ) , which I highlighted back on Dec. 16, 2017 , to market-clobbering returns ever since. For one, analysts are expecting an outsize year of profits in 2018 before it aEURoepulls backaEUR in 2019 aEUR" though still to levels about 34% higher than they were in 2017. | AB Delivers 10% in DividendsPlus22% Upside Senior Housing Properties Trust ( SNH ) Dividend Yield: 9.5% Senior Housing Properties Trust ( SNH ) is a Baby Boomer play thataEURtms pretty much exactly what you would expect from its name, but also more. A climb toward fair value (say, the closing of the discount window in a closed-end fund, or a higher multiple on a REITaEURtms funds from operations) The first two drivers are what sent AllianceBernstein ( AB ) , which I highlighted back on Dec. 16, 2017 , to market-clobbering returns ever since. For one, analysts are expecting an outsize year of profits in 2018 before it aEURoepulls backaEUR in 2019 aEUR" though still to levels about 34% higher than they were in 2017. |
21671.0 | 2018-10-15 00:00:00 UTC | Top Ranked Income Stocks to Buy for October 15th | AB | https://www.nasdaq.com/articles/top-ranked-income-stocks-to-buy-for-october-15th-2018-10-15 | nan | nan | Here are four stocks with buy rank and strong income characteristics for investors to consider today, October 15th:
AllianceBernstein Holding L.P. (AB): This publicly owned investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% 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 #2 (Buy) company has a dividend yield of 8.49%, compared with the industry average of 2.66%. Its five-year average dividend yield is 8.1%.
AllianceBernstein Holding L.P. Dividend Yield (TTM)
AllianceBernstein Holding L.P. dividend-yield-ttm | AllianceBernstein Holding L.P. Quote
Archer-Daniels-Midland Company (ADM): This procurer, transporter and merchandiser of agricultural commodities has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.
Archer Daniels Midland Company Price and Consensus
Archer Daniels Midland Company price-consensus-chart | Archer Daniels Midland Company Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 2.74%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.61%.
Archer Daniels Midland Company Dividend Yield (TTM)
Archer Daniels Midland Company dividend-yield-ttm | Archer Daniels Midland Company Quote
American Electric Power Company, Inc. (AEP): This generator and distributor of electricity has witnessed the Zacks Consensus Estimate for its current year earnings advancing 0.8% over the last 60 days.
American Electric Power Company, Inc. Price and Consensus
American Electric Power Company, Inc. price-consensus-chart | American Electric Power Company, Inc. Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 3.50%, compared with the industry average of 3.24%. Its five-year average dividend yield is 3.63%.
American Electric Power Company, Inc. Dividend Yield (TTM)
American Electric Power Company, Inc. dividend-yield-ttm | American Electric Power Company, Inc. Quote
Amgen Inc. (AMGN): This developer and manufacturer of human therapeutics has witnessed the Zacks Consensus Estimate for its current year earnings rising 0.5% over the last 60 days.
Amgen Inc. Price and Consensus
Amgen Inc. price-consensus-chart | Amgen Inc. Quote
This Zacks Rank #2 (Buy) company has a dividend yield of 2.67%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.3%.
Amgen Inc. Dividend Yield (TTM)
Amgen Inc. dividend-yield-ttm | Amgen Inc. Quote
See the full list of top ranked stocks here .
Find more top income stocks with some of our great premium screens .
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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.
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 four stocks with buy rank and strong income characteristics for investors to consider today, October 15th: AllianceBernstein Holding L.P. (AB): This publicly owned investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days. Click to get this free report Amgen Inc. (AMGN): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report Archer Daniels Midland Company (ADM): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. American Electric Power Company, Inc. Dividend Yield (TTM) American Electric Power Company, Inc. dividend-yield-ttm | American Electric Power Company, Inc. Quote Amgen Inc. (AMGN): This developer and manufacturer of human therapeutics has witnessed the Zacks Consensus Estimate for its current year earnings rising 0.5% over the last 60 days. | Click to get this free report Amgen Inc. (AMGN): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report Archer Daniels Midland Company (ADM): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, October 15th: AllianceBernstein Holding L.P. (AB): This publicly owned investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days. Archer Daniels Midland Company Price and Consensus Archer Daniels Midland Company price-consensus-chart | Archer Daniels Midland Company Quote This Zacks Rank #2 (Buy) company has a dividend yield of 2.74%, compared with the industry average of 0.00%. | Click to get this free report Amgen Inc. (AMGN): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report Archer Daniels Midland Company (ADM): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with buy rank and strong income characteristics for investors to consider today, October 15th: AllianceBernstein Holding L.P. (AB): This publicly owned investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days. Archer Daniels Midland Company Dividend Yield (TTM) Archer Daniels Midland Company dividend-yield-ttm | Archer Daniels Midland Company Quote American Electric Power Company, Inc. (AEP): This generator and distributor of electricity has witnessed the Zacks Consensus Estimate for its current year earnings advancing 0.8% over the last 60 days. | Here are four stocks with buy rank and strong income characteristics for investors to consider today, October 15th: AllianceBernstein Holding L.P. (AB): This publicly owned investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days. Click to get this free report Amgen Inc. (AMGN): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report Archer Daniels Midland Company (ADM): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. Price and Consensus AllianceBernstein Holding L.P. price-consensus-chart | AllianceBernstein Holding L.P. Quote This Zacks Rank #2 (Buy) company has a dividend yield of 8.49%, compared with the industry average of 2.66%. |
21672.0 | 2018-10-12 00:00:00 UTC | AB vs. HRGLY: Which Stock Should Value Investors Buy Now? | AB | https://www.nasdaq.com/articles/ab-vs.-hrgly%3A-which-stock-should-value-investors-buy-now-2018-10-12 | nan | nan | Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or Hargreaves Lansdown plc (HRGLY). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
AllianceBernstein and Hargreaves Lansdown plc are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. But this is just one factor that value investors are interested in.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
AB currently has a forward P/E ratio of 10.79, while HRGLY has a forward P/E of 33.63. We also note that AB has a PEG ratio of 1.52. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. HRGLY currently has a PEG ratio of 2.53.
Another notable valuation metric for AB is its P/B ratio of 1.81. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, HRGLY has a P/B of 21.48.
These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F.
AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or Hargreaves Lansdown plc (HRGLY). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. AB currently has a forward P/E ratio of 10.79, while HRGLY has a forward P/E of 33.63. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Hargreaves Lansdown plc (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or Hargreaves Lansdown plc (HRGLY). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. | These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F. AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Hargreaves Lansdown plc (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or Hargreaves Lansdown plc (HRGLY). | These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F. AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now. Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or Hargreaves Lansdown plc (HRGLY). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. |
21673.0 | 2018-10-11 00:00:00 UTC | RSI Alert: AllianceBernstein Holding Now Oversold | AB | https://www.nasdaq.com/articles/rsi-alert-alliancebernstein-holding-now-oversold-2018-10-11 | 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 a stellar rank, in the top 10% 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 $28.10 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 26.1 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 33.8. 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 2.48/share (currently paid in quarterly installments) works out to an annual yield of 8.47% based upon the recent $29.27 share price.
A bullish investor could look at AB's 26.1 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.
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 26.1 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 a stellar rank, in the top 10% 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 $28.10 per share. | Indeed, AB's recent annualized dividend of 2.48/share (currently paid in quarterly installments) works out to an annual yield of 8.47% based upon the recent $29.27 share price. AllianceBernstein Holding LP (Symbol: AB) presently has a stellar rank, in the top 10% 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 $28.10 per share. | 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 a stellar rank, in the top 10% 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 $28.10 per share. | Indeed, AB's recent annualized dividend of 2.48/share (currently paid in quarterly installments) works out to an annual yield of 8.47% based upon the recent $29.27 share price. AllianceBernstein Holding LP (Symbol: AB) presently has a stellar rank, in the top 10% 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 $28.10 per share. |
21674.0 | 2018-10-10 00:00:00 UTC | Financial Sector Update for 10/10/2018: JPM, BAC, WFC, C, USB, AB, IVZ | AB | https://www.nasdaq.com/articles/financial-sector-update-10102018-jpm-bac-wfc-c-usb-ab-ivz-2018-10-10 | nan | nan | Top Financial Stocks:
JPM: +0.13%
BAC: +0.33%
WFC: +0.10%
C: +0.39%
USB: Flat
Financial stocks were mostly higher in early Wednesday trading.
In other sector news:
(-) JP Morgan Chase ( JPM ), was 0.09% lower after it announced that JP Morgan Chase Bank will offer to buy back all $350 million of its zero-coupon cash-settled exchangeable bonds due 2021.
(=) Invesco ( IVZ ) was unchanged after reporting preliminary month-end assets under management (AUM) of $980.9 billion for September compared with $988.0 billion in the prior month, a decrease of 0.7%.
(=) AllianceBernstein Holding L.P ( AB ) was flat as it said preliminary assets under its management decreased to $550 billion during September 2018 from $551 billion at the end of August.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news: (-) JP Morgan Chase ( JPM ), was 0.09% lower after it announced that JP Morgan Chase Bank will offer to buy back all $350 million of its zero-coupon cash-settled exchangeable bonds due 2021. (=) AllianceBernstein Holding L.P ( AB ) was flat as it said preliminary assets under its management decreased to $550 billion during September 2018 from $551 billion at the end of August. USB: Flat Financial stocks were mostly higher in early Wednesday trading. | In other sector news: (-) JP Morgan Chase ( JPM ), was 0.09% lower after it announced that JP Morgan Chase Bank will offer to buy back all $350 million of its zero-coupon cash-settled exchangeable bonds due 2021. (=) AllianceBernstein Holding L.P ( AB ) was flat as it said preliminary assets under its management decreased to $550 billion during September 2018 from $551 billion at the end of August. 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 ) was flat as it said preliminary assets under its management decreased to $550 billion during September 2018 from $551 billion at the end of August. In other sector news: (-) JP Morgan Chase ( JPM ), was 0.09% lower after it announced that JP Morgan Chase Bank will offer to buy back all $350 million of its zero-coupon cash-settled exchangeable bonds due 2021. USB: Flat Financial stocks were mostly higher in early Wednesday trading. | In other sector news: (-) JP Morgan Chase ( JPM ), was 0.09% lower after it announced that JP Morgan Chase Bank will offer to buy back all $350 million of its zero-coupon cash-settled exchangeable bonds due 2021. (=) AllianceBernstein Holding L.P ( AB ) was flat as it said preliminary assets under its management decreased to $550 billion during September 2018 from $551 billion at the end of August. Top Financial Stocks: |
21675.0 | 2018-09-10 00:00:00 UTC | Why AllianceBernstein (AB) is a Great Dividend Stock | AB | https://www.nasdaq.com/articles/why-alliancebernstein-ab-is-a-great-dividend-stock-2018-09-10 | nan | nan | Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
AllianceBernstein in Focus
AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 16.4% since the start of the year. The investment management company is currently shelling out a dividend of $8.21 per share, with a dividend yield of 108%. This compares to the Financial - Investment Management industry's yield of 13.04% and the S&P 500's yield of 0.62%.
Taking a look at the company's dividend growth, its current annualized dividend of $8.06 is up 7.9% from last year. AllianceBernstein has increased its dividend 58.70 times on a year-over-year basis over the last 5 years for an average annual increase of 4%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. AllianceBernstein's current payout ratio is 20.56%, meaning it paid out 20.56% of its trailing 12-month EPS as dividend.
AB is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2018 is $2.48 per share, representing a year-over-year earnings growth rate of 2.65%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that AB is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AB is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. | AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. It's more common to see larger companies with more established profits give out dividends. | AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. It's more common to see larger companies with more established profits give out dividends. |
21676.0 | 2018-09-09 00:00:00 UTC | Validea's Top Five Financial Stocks Based On John Neff - 9/9/2018 | AB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-john-neff-992018-2018-09-09 | 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.
CATHAY GENERAL BANCORP ( CATY ) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff is 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: Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc., and Asia Realty Corp. The Company also owns the common stock of five statutory business trusts created for issuing capital securities. The Bank primarily services individuals, professionals and small to medium-sized businesses in the local markets and provides commercial mortgage loans, commercial loans, small business administration (SBA) loans, residential mortgage loans, real estate construction loans, home equity lines of credit and installment loans to individuals for automobile, household and other consumer expenditures. The Bank offers passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit and public funds 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
EAGLE BANCORP, INC. ( EGBN ) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff is 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: Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is the Company's principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area. The Bank also provides commercial banking services to proprietorships, businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the Bank's primary service area. The Bank offers a range of retail banking services to accommodate the individual needs of both corporate customers, as well as the community the Bank serves. It also offers online banking, mobile banking and remote deposit 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 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: 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
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 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: Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management. The Bank's loan portfolio includes real estate mortgage loans, real estate construction loans, commercial loans and trade finance. Its real estate mortgage portfolio consists of real estate mini-perm loans, as well as purchased residential mortgages. The Bank offers a range of commercial loan products, including lines of credit for working capital, term loans for capital expenditures and commercial and stand-by letters of credit. Through its branch network, the Bank provides a range of financial services to individuals and companies located primarily in Southern 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CITIZENS FINANCIAL GROUP INC ( CFG ) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on John Neff is 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: Citizens Financial Group, Inc. is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services. The Company's Commercial Banking segment offers a range of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange and interest rate risk management solutions, as well as corporate finance, merger and acquisition, and debt and equity capital markets capabilities. The Company delivers a range of retail and commercial banking products and services to individuals, institutions and companies. As of December 31, 2016, the Company operated approximately 1,200 branches.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on John Neff has returned 152.88% vs. 158.26% for the S&P 500. For more details on this strategy, click here
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.
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. |
21677.0 | 2018-09-06 00:00:00 UTC | Has AllianceBernstein Holding L.P. (AB) Outpaced Other Finance Stocks This Year? | AB | https://www.nasdaq.com/articles/has-alliancebernstein-holding-l.p.-ab-outpaced-other-finance-stocks-this-year-2018-09-06 | nan | nan | The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AllianceBernstein Holding L.P. (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AB and the rest of the Finance group's stocks.
AllianceBernstein Holding L.P. is a member of our Finance group, which includes 819 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank 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. AB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 2.37% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AB has returned about 21.16% since the start of the calendar year. Meanwhile, stocks in the Finance group have lost about 0.72% on average. This means that AllianceBernstein Holding L.P. is outperforming the sector as a whole this year.
Looking more specifically, AB belongs to the Financial - Investment Management industry, which includes 49 individual stocks and currently sits at #175 in the Zacks Industry Rank. On average, stocks in this group have lost 8.13% this year, meaning that AB is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to AB as it looks to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBernstein Holding L.P. (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? On average, stocks in this group have lost 8.13% this year, meaning that AB is performing better in terms of year-to-date returns. One simple way to answer this question is to take a look at the year-to-date performance of AB and the rest of the Finance group's stocks. | Looking more specifically, AB belongs to the Financial - Investment Management industry, which includes 49 individual stocks and currently sits at #175 in the Zacks Industry Rank. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein Holding L.P. (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? | Looking more specifically, AB belongs to the Financial - Investment Management industry, which includes 49 individual stocks and currently sits at #175 in the Zacks Industry Rank. AllianceBernstein Holding L.P. (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AB and the rest of the Finance group's stocks. | On average, stocks in this group have lost 8.13% this year, meaning that AB is performing better in terms of year-to-date returns. AllianceBernstein Holding L.P. (AB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AB and the rest of the Finance group's stocks. |
21678.0 | 2018-08-31 00:00:00 UTC | Lazard (LAZ) Displays Revenue Strength: Should You Buy? | AB | https://www.nasdaq.com/articles/lazard-laz-displays-revenue-strength%3A-should-you-buy-2018-08-31 | nan | nan | Lazard Ltd.LAZ is well positioned to benefit from a healthy combination of organic and inorganic growth. Its cost-containment measures are also expected to boost the company's long-term profitability, moving ahead. However, heavy reliance on overseas revenues might impede top-line growth.
The company's shares have gained 10.7% over the past year compared to the industry's decline of 0.3%.
Further, the Zacks Consensus Estimate for Lazard's current-year earnings has been revised 2.5% upward in the last 60 days. The stock currently carries a Zacks Rank #2 (Buy).
Looking at the fundamentals, Lazard's revenues witnessed a compound annual growth rate (CAGR) of 4.3% over a period of four years (2014-2017). The increasing trend continued into first-half 2018 as well. While diversified assets under management (AUM) contributed to the asset-management segment, the financial advisory segment's growth was driven by a strong team of experienced professionals.
Lazard has also been trying to expand its operations globally through various acquisitions. Notably, in 2016, the company acquired Canada-based Verus Partners - an independent boutique. The company also acquired the remaining 50% stake in MBA Lazard - its financial advisory business in Latin America - to strengthen the bank's operations in the region, as well as global markets.
Cost-reduction initiatives, announced in 2012, have favorably impacted the company's operating margin. Since 2014, the operating margin has remained above Lazard's targeted percentage of 25%. This has not only enhanced profitability, but will also be beneficial for the company's long-term growth prospects, going forward.
Lazard's AUM also witnessed a CAGR of 8.2% over a period of four years (2014-2017), with the trend continuing into the first half of 2018. Its investment strategies in the global, local and emerging markets in both equities and fixed income, led to this increment, which will likely continue further.
Other Stocks to Consider
Some other top-ranked stocks in the same space are AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and Prospect Capital Corporation PSEC . All three stocks carry a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy ) stocks here .
The Zacks Consensus Estimate for AllianceBernstein's current-year earnings has been revised 2.4% upward in the past 60 days. Its shares have rallied 26.7% over the past year.
Ameriprise Financial's earnings estimates for 2018 inched up 1.7%, in 60 days' time. Its shares have gained 1.5% in a year's time.
Over the past 60 days, Prospect Capital's 2018 earnings estimate moved 4% north. In the past year, the stock has appreciated 13.1%.
5 Companies Verge on Apple-Like Run
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Its cost-containment measures are also expected to boost the company's long-term profitability, moving ahead. Notably, in 2016, the company acquired Canada-based Verus Partners - an independent boutique. Cost-reduction initiatives, announced in 2012, have favorably impacted the company's operating margin. | Other Stocks to Consider Some other top-ranked stocks in the same space are AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and Prospect Capital Corporation PSEC . Click to get this free report Lazard Ltd (LAZ): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Prospect Capital Corporation (PSEC): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Its cost-containment measures are also expected to boost the company's long-term profitability, moving ahead. | Other Stocks to Consider Some other top-ranked stocks in the same space are AllianceBernstein Holding L.P. AB , Ameriprise Financial, Inc. AMP and Prospect Capital Corporation PSEC . Click to get this free report Lazard Ltd (LAZ): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Prospect Capital Corporation (PSEC): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Its cost-containment measures are also expected to boost the company's long-term profitability, moving ahead. | Its cost-containment measures are also expected to boost the company's long-term profitability, moving ahead. Notably, in 2016, the company acquired Canada-based Verus Partners - an independent boutique. Cost-reduction initiatives, announced in 2012, have favorably impacted the company's operating margin. |
21679.0 | 2018-08-27 00:00:00 UTC | AB or HRGLY: Which Is the Better Value Stock Right Now? | AB | https://www.nasdaq.com/articles/ab-or-hrgly%3A-which-is-the-better-value-stock-right-now-2018-08-27 | nan | nan | Investors interested in Financial - Investment Management stocks are likely familiar with AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Right now, AllianceBernstein is sporting a Zacks Rank of #2 (Buy), while HARGREAVES LNSD has a Zacks Rank of #4 (Sell). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. But this is only part of the picture for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
AB currently has a forward P/E ratio of 11.64, while HRGLY has a forward P/E of 36.75. We also note that AB has a PEG ratio of 1.64. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. HRGLY currently has a PEG ratio of 2.76.
Another notable valuation metric for AB is its P/B ratio of 1.93. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, HRGLY has a P/B of 29.78.
These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F.
AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in Financial - Investment Management stocks are likely familiar with AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. AB currently has a forward P/E ratio of 11.64, while HRGLY has a forward P/E of 36.75. | Investors interested in Financial - Investment Management stocks are likely familiar with AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report HARGREAVES LNSD (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. | The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F. AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report HARGREAVES LNSD (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. | These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F. AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now. Investors interested in Financial - Investment Management stocks are likely familiar with AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. |
21680.0 | 2018-08-21 00:00:00 UTC | Asset Inflows Aid SEI Investments (SEIC), High Costs a Woe | AB | https://www.nasdaq.com/articles/asset-inflows-aid-sei-investments-seic-high-costs-a-woe-2018-08-21 | nan | nan | SEI Investments Co.SEIC , with a strong global presence, as well as diversified products and services, remains well positioned for organic growth. Moreover, the company has been witnessing robust asset inflows, which is anticipated to boost profitability in the quarters ahead.
The company's shares have gained 7.8% in the past 12 months against the industry 's decline of 0.1%.
However, escalating expenses will likely curb the company's bottom-line growth. In addition, its high dependence on fee-based revenues remains a concern.
The company did not witness any earnings estimate revision for the current year over the past 30 days. Its Zacks Consensus Estimate has remained unchanged at $3.13. As a result, the stock currently carries a Zacks Rank #3 (Hold).
Looking at the fundamentals, SEI Investments' revenues have increased at a CAGR of 9% over the last six years (2012-2017). Given the company's sturdy global presence, diversified revenue mix and the acquisition of Archway Technology Partners, it remains on track to further improve top line in the near term.
Furthermore, the company has been witnessing rise in its assets under management and administration for the past several years. The same increased at a four-year (2014-2017) CAGR of 10.1%.
Further, SEI Investments has an efficient share repurchase and dividend payment policy in place. Supported by a solid capital position, it should continue enhancing shareholder value through efficient capital deployment activities.
However, elevated expenses remain a cause of concern for the company. Expenses flared up at a CAGR of 7.7% over the last six years (2012-2017). Moreover, expenses are expected to escalate further due to the company's additional investment spending on services.
Furthermore, its dependence on fee-based revenues has been increasing for the last few years. A significant dependence on fee income as a source of revenues might adversely affect the company's financials in the near term, as fluctuations in markets and foreign exchange translations or regulatory changes may hamper its AUM growth.
Mentioned below are a few stocks from the same space, which are worth considering as each of them currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Over the past 60 days, AllianceBernstein Holding L.P. AB witnessed an upward earnings estimate revision of 2.4% for the current year. Its share price has increased 26.9% in the past year.
Ameriprise Financial, Inc.'s AMP Zacks Consensus Estimate for the current year has been revised nearly 1.7% upward in the past 60 days. Its shares have gained 1.7% in the past 12 months.
Over the past 60 days, Lazard Ltd LAZ has witnessed an upward earnings estimate revision of 2.5% for the current year. Its shares price has increased 12.2% in 12 months' time.
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report
Lazard Ltd (LAZ): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
SEI Investments Company (SEIC): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Moreover, the company has been witnessing robust asset inflows, which is anticipated to boost profitability in the quarters ahead. Over the past 60 days, AllianceBernstein Holding L.P. AB witnessed an upward earnings estimate revision of 2.4% for the current year. Click to get this free report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report SEI Investments Company (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. | Over the past 60 days, AllianceBernstein Holding L.P. AB witnessed an upward earnings estimate revision of 2.4% for the current year. Click to get this free report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report SEI Investments Company (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company has been witnessing robust asset inflows, which is anticipated to boost profitability in the quarters ahead. | Click to get this free report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report SEI Investments Company (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company has been witnessing robust asset inflows, which is anticipated to boost profitability in the quarters ahead. Over the past 60 days, AllianceBernstein Holding L.P. AB witnessed an upward earnings estimate revision of 2.4% for the current year. | Moreover, the company has been witnessing robust asset inflows, which is anticipated to boost profitability in the quarters ahead. Over the past 60 days, AllianceBernstein Holding L.P. AB witnessed an upward earnings estimate revision of 2.4% for the current year. Click to get this free report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report SEI Investments Company (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21681.0 | 2018-08-21 00:00:00 UTC | Ameriprise or AllianceBernstein: Which is a Better Pick? | AB | https://www.nasdaq.com/articles/ameriprise-or-alliancebernstein%3A-which-is-a-better-pick-2018-08-21 | nan | nan | Benefits from a stabilizing economy and gradually improving interest-rate scenario have positioned the investment-management industry well. Investment managers are expected to gain further from a rising rate environment.
Additionally, most investment managers have waived off the majority of their fees with the rates rising since 2016. This decline in fee waivers has aided companies' top-line growth. Moreover, the asset managers witnessed revenue growth in the recently-concluded quarter on the back of increase in assets under management (AUM).
Performance of equity markets remained favorable as reflected by nearly 3% growth of the S&P 500 Index, resulting in a higher AUM.
Therefore, we are focusing on two investment managers - AllianceBernstein Holding L.P.AB and Ameriprise Financial, Inc.AMP .
AllianceBernstein, with a market cap of $2.9 billion, is a publicly-owned investment manager providing research services to its clients and invests in public equity, fixed income, and alternative investment markets globally. On the other hand, Ameriprise operates as a provider of various financial products and services to individual and institutional clients in the United States and globally, and has a market cap of $19.8 billion.
Both Ameriprise and AllianceBernstein carry a Zacks Rank #2 (Buy), with a Value Score of A. Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best upside potential.
You can see the complete list of today's Zacks #1 Rank stocks here .
Though both asset managers have similar business trends, deeper research into the financials will help decide which investment option is better.
Price Performance
Both asset managers have outperformed the industry (down 0.8%) in the past year. While shares of AllianceBernstein have gained 26.9%, Ameriprise's stock inched up 1.7%. So, AllianceBernstein performed better than Ameriprise.
Dividend Yield
Both companies have been deploying capital in terms of dividend payments to enhance shareholder value. AllianceBernstein has a current dividend yield of 8.28%, while Ameriprise has a dividend yield of 2.55%.
As compared with the industry's average of 2.68%, shareholders of AllianceBernstein gain more.
Leverage Ratio
Ameriprise has debt-to-equity ratio of 0.76 as compared with the industry average of 0.22. But AllianceBernstein, with no debt burden, has an edge over Ameriprise.
Return on Equity (ROE)
ROE is a measure of a company's efficiency in utilizing shareholders' funds. ROE for the trailing 12-months for AllianceBernstein and Ameriprise is 17.02% and 36.15%, respectively. While both stocks scored above the industry's level of 12.95%, Ameriprise reinvests its earnings more efficiently.
Earnings Estimate Revisions & Growth Projections
The Zacks Consensus Estimate for 2018 earnings of AllianceBernstein increased about 2.4%, over the last 60 days. On the other hand, the same for Ameriprise moved 1.7% north for the current year, during the same time frame.
Moreover, earnings for AllianceBernstein for 2018 are projected to jump 13% year over year. For Ameriprise, the Zacks Consensus Estimate is pinned at $14.68 for 2018, reflecting a year-over-year increase of 19.6%.
Hence, Ameriprise reflects better earnings growth prospects.
Sales Growth
Sales for Ameriprise for the current year are projected to be up 8.7% year over year to $13.1 billion. For AllianceBernstein, the Zacks Consensus Estimate is pegged at $2.9 billion for 2018, reflecting year-over-year growth of 7.5%.
Therefore, Ameriprise has an edge here as well.
Conclusion
Our comparative analysis shows that AllianceBernstein is better positioned than Ameriprise when considering price performance, dividend yield and leverage ratio. Ameriprise wins on earnings and sales growth expectations, along with its reinvesting potential.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Benefits from a stabilizing economy and gradually improving interest-rate scenario have positioned the investment-management industry well. Performance of equity markets remained favorable as reflected by nearly 3% growth of the S&P 500 Index, resulting in a higher AUM. Therefore, we are focusing on two investment managers - AllianceBernstein Holding L.P.AB and Ameriprise Financial, Inc.AMP . | Earnings Estimate Revisions & Growth Projections The Zacks Consensus Estimate for 2018 earnings of AllianceBernstein increased about 2.4%, over the last 60 days. Click to get this free report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Benefits from a stabilizing economy and gradually improving interest-rate scenario have positioned the investment-management industry well. | Click to get this free report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Benefits from a stabilizing economy and gradually improving interest-rate scenario have positioned the investment-management industry well. Performance of equity markets remained favorable as reflected by nearly 3% growth of the S&P 500 Index, resulting in a higher AUM. | Benefits from a stabilizing economy and gradually improving interest-rate scenario have positioned the investment-management industry well. Performance of equity markets remained favorable as reflected by nearly 3% growth of the S&P 500 Index, resulting in a higher AUM. Therefore, we are focusing on two investment managers - AllianceBernstein Holding L.P.AB and Ameriprise Financial, Inc.AMP . |
21682.0 | 2018-08-21 00:00:00 UTC | BofA's Merrill Lynch to Pay $8.9M to Settle Regulatory Claim | AB | https://www.nasdaq.com/articles/bofas-merrill-lynch-to-pay-%248.9m-to-settle-regulatory-claim-2018-08-21 | nan | nan | Bank of America Corporation 's BAC unit Merrill Lynch has agreed to pay nearly $8.9 million to settle charges claimed by a U.S. regulator. The charges relate to the unit failing to disclose a conflict of interest with a third-party product provider, according to the Securities and Exchange Commission.
Per the SEC, BofA's brokerage unit exploited accounts of nearly 1,500 investors, who had about $575 million invested in products managed by the subsidiary of a foreign advisory firm.
The SEC claimed that Merrill Lynch tried to stop these investors from making new investments in products of the third party because of some pending management changes at the foreign bank.
In fact, Merrill Lynch's governance committee was planning to vote in favor of a recommendation of terminating the third-party products in order to offer alternative investment options to these investors.
Notably, the SEC claimed that the foreign bank made an appeal to Merrill Lynch's senior executives, asking to prevent the governance committee's vote, leading to the decision of offering the third party's products to the new Merrill Lynch accounts.
Marc Berger, director of the SEC's New York regional office said, "By failing to disclose its own business interests in deciding whether certain products should remain available to investment advisory clients, Merrill Lynch deprived its clients of unbiased financial advice."
Without accepting or denying the SEC's claims, Merrill Lynch agreed to settle the charges and stated, "We promptly enhanced our policies and procedures to ensure the confidentiality of recommendations in the future."
Though BofA has resolved quite a many litigation issues, it still faces investigations from several federal agencies and a few foreign governments for its business conducts in the pre-crisis period. These legal issues might lead to higher expenses in the future, which might weigh marginally on the company's bottom-line growth.
Shares of BofA have gained 29.6% in the past year, outperforming the industry 's growth of 15.6%.
The stock currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks from the finance space worth considering are mentioned below. Each of them currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Over the past 60 days, AllianceBernstein Holding L.P. AB witnessed an upward earnings estimate revision of 2.4% for the current year. Its share price has increased 26.9% in the past year.
Ameriprise Financial, Inc.'s AMP Zacks Consensus Estimate for the current year has been revised nearly 1.7% upward in the past 60 days. Its shares have gained 1.7% in the past 12 months.
Over the past 60 days, Lazard Ltd. LAZ has witnessed an upward earnings estimate revision of 2.5% for the current year. Its shares price has increased 12.2% in 12 months' time.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Bank of America Corporation (BAC): Free Stock Analysis Report
Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report
Lazard Ltd (LAZ): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Per the SEC, BofA's brokerage unit exploited accounts of nearly 1,500 investors, who had about $575 million invested in products managed by the subsidiary of a foreign advisory firm. Notably, the SEC claimed that the foreign bank made an appeal to Merrill Lynch's senior executives, asking to prevent the governance committee's vote, leading to the decision of offering the third party's products to the new Merrill Lynch accounts. Marc Berger, director of the SEC's New York regional office said, "By failing to disclose its own business interests in deciding whether certain products should remain available to investment advisory clients, Merrill Lynch deprived its clients of unbiased financial advice." | Over the past 60 days, AllianceBernstein Holding L.P. AB witnessed an upward earnings estimate revision of 2.4% for the current year. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Per the SEC, BofA's brokerage unit exploited accounts of nearly 1,500 investors, who had about $575 million invested in products managed by the subsidiary of a foreign advisory firm. | Notably, the SEC claimed that the foreign bank made an appeal to Merrill Lynch's senior executives, asking to prevent the governance committee's vote, leading to the decision of offering the third party's products to the new Merrill Lynch accounts. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Per the SEC, BofA's brokerage unit exploited accounts of nearly 1,500 investors, who had about $575 million invested in products managed by the subsidiary of a foreign advisory firm. | Per the SEC, BofA's brokerage unit exploited accounts of nearly 1,500 investors, who had about $575 million invested in products managed by the subsidiary of a foreign advisory firm. Notably, the SEC claimed that the foreign bank made an appeal to Merrill Lynch's senior executives, asking to prevent the governance committee's vote, leading to the decision of offering the third party's products to the new Merrill Lynch accounts. Marc Berger, director of the SEC's New York regional office said, "By failing to disclose its own business interests in deciding whether certain products should remain available to investment advisory clients, Merrill Lynch deprived its clients of unbiased financial advice." |
21683.0 | 2018-08-20 00:00:00 UTC | Is AllianceBernstein Holding L.P. (AB) Stock Outpacing Its Finance Peers This Year? | AB | https://www.nasdaq.com/articles/is-alliancebernstein-holding-l.p.-ab-stock-outpacing-its-finance-peers-this-year-2018-08 | nan | nan | Investors focused on the Finance space have likely heard of AllianceBernstein Holding L.P. (AB), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
AllianceBernstein Holding L.P. is a member of the Finance sector. This group includes 821 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AB is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AB's full-year earnings has moved 2.37% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AB has returned 18.76% so far this year. Meanwhile, stocks in the Finance group have lost about 0.89% on average. This shows that AllianceBernstein Holding L.P. is outperforming its peers so far this year.
Looking more specifically, AB belongs to the Financial - Investment Management industry, a group that includes 49 individual stocks and currently sits at #220 in the Zacks Industry Rank. On average, this group has lost an average of 8.22% so far this year, meaning that AB is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on AB as it attempts to continue its 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors focused on the Finance space have likely heard of AllianceBernstein Holding L.P. (AB), but is the stock performing well in comparison to the rest of its sector peers? Over the past 90 days, the Zacks Consensus Estimate for AB's full-year earnings has moved 2.37% higher. Investors in the Finance sector will want to keep a close eye on AB as it attempts to continue its solid performance. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Investors focused on the Finance space have likely heard of AllianceBernstein Holding L.P. (AB), but is the stock performing well in comparison to the rest of its sector peers? AB is currently sporting a Zacks Rank of #2 (Buy). | Investors focused on the Finance space have likely heard of AllianceBernstein Holding L.P. (AB), but is the stock performing well in comparison to the rest of its sector peers? Looking more specifically, AB belongs to the Financial - Investment Management industry, a group that includes 49 individual stocks and currently sits at #220 in the Zacks Industry Rank. AB is currently sporting a Zacks Rank of #2 (Buy). | Over the past 90 days, the Zacks Consensus Estimate for AB's full-year earnings has moved 2.37% higher. On average, this group has lost an average of 8.22% so far this year, meaning that AB is performing better in terms of year-to-date returns. Investors focused on the Finance space have likely heard of AllianceBernstein Holding L.P. (AB), but is the stock performing well in comparison to the rest of its sector peers? |
21684.0 | 2018-08-20 00:00:00 UTC | Why AllianceBernstein (AB) is a Great Dividend Stock | AB | https://www.nasdaq.com/articles/why-alliancebernstein-ab-is-a-great-dividend-stock-2018-08-20 | nan | nan | All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
AllianceBernstein in Focus
Based in New York, AllianceBernstein (AB) is in the Finance sector, and so far this year, shares have seen a price change of 18.76%. Currently paying a dividend of $0.62 per share, the company has a dividend yield of 8.34%. In comparison, the Financial - Investment Management industry's yield is 2.64%, while the S&P 500's yield is 1.79%.
Taking a look at the company's dividend growth, its current annualized dividend of $2.48 is up 16.4% from last year. In the past five-year period, AllianceBernstein has increased its dividend 4 times on a year-over-year basis for an average annual increase of 7.90%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. AllianceBernstein's current payout ratio is 108%. This means it paid out 108% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, AB expects solid earnings growth. The Zacks Consensus Estimate for 2018 is $2.60 per share, which represents a year-over-year growth rate of 13.04%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that AB is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AB is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). AllianceBernstein in Focus Based in New York, AllianceBernstein (AB) is in the Finance sector, and so far this year, shares have seen a price change of 18.76%. Looking at this fiscal year, AB expects solid earnings growth. | AllianceBernstein in Focus Based in New York, AllianceBernstein (AB) is in the Finance sector, and so far this year, shares have seen a price change of 18.76%. Looking at this fiscal year, AB expects solid earnings growth. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. | AllianceBernstein in Focus Based in New York, AllianceBernstein (AB) is in the Finance sector, and so far this year, shares have seen a price change of 18.76%. Looking at this fiscal year, AB expects solid earnings growth. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. | AllianceBernstein in Focus Based in New York, AllianceBernstein (AB) is in the Finance sector, and so far this year, shares have seen a price change of 18.76%. Looking at this fiscal year, AB expects solid earnings growth. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. |
21685.0 | 2018-08-13 00:00:00 UTC | Barclays Continues to Face Revenue and Brexit Challenges | AB | https://www.nasdaq.com/articles/barclays-continues-to-face-revenue-and-brexit-challenges-2018-08-13 | nan | nan | Shares of BarclaysBCS have lost 16.9% over the past three months compared with 8.9% fall of the industry it belongs to. Though the company's restructuring and streamlining efforts have been successful in lowering operating expenses, revenue growth remains muted owing to low interest rates.
Moreover, uncertainty related to Brexit and litigation matters remain other near-term concerns for the company.
Barclays' revenues have been under pressure for the past few years. The company's core operating performance indicators like net interest income, net fee and commission income, and net trading income have not displayed any significant improvement due to dismal capital markets performance as well as low interest rate environment.
Further, the Brexit-related ambiguity is expected to hurt its growth prospects in the near term. Barclays' bottom-line growth is also likely to be adversely impacted by the litigation issues, which the company continues to face.
Though the company has been successful in resolving certain issues over the past few years, some regulatory and legal restrictions still remain headwinds. These are expected to limit its flexibility in the near future.
Thus, given the concerns, analysts are bearish on the stock. Over the past 30 days, the Zacks Consensus Estimate for earnings has been revised 5.2% and 3.8% downward for 2018 and 2019, respectively. As a result, the stock currently carries a Zacks Rank #4 (Sell).
Stocks Worth Considering
A few better-ranked stocks in the finance space are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
The Zacks Consensus Estimate for AllianceBernstein has moved 2.4% upward for 2018, in the last 60 days. Its share price has increased 22.3% in the past 12 months.
Lazard's Zacks Consensus Estimate has been revised 2.5% upward for 2018, in the last 60 days. The company's share price has increased 14.3% in the past 12 months.
The Zacks Consensus Estimate for Regional Management has been revised 1.3% upward for 2018, in the last 60 days. Its share price has jumped49.1% in the past year.
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Barclays PLC (BCS): Free Stock Analysis Report
Regional Management Corp. (RM): Free Stock Analysis Report
Lazard Ltd (LAZ): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks Worth Considering A few better-ranked stocks in the finance space are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . Click to get this free report Barclays PLC (BCS): Free Stock Analysis Report Regional Management Corp. (RM): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Though the company's restructuring and streamlining efforts have been successful in lowering operating expenses, revenue growth remains muted owing to low interest rates. | Stocks Worth Considering A few better-ranked stocks in the finance space are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . Click to get this free report Barclays PLC (BCS): Free Stock Analysis Report Regional Management Corp. (RM): Free Stock Analysis Report Lazard Ltd (LAZ): 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. | Click to get this free report Barclays PLC (BCS): Free Stock Analysis Report Regional Management Corp. (RM): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks Worth Considering A few better-ranked stocks in the finance space are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . The company's core operating performance indicators like net interest income, net fee and commission income, and net trading income have not displayed any significant improvement due to dismal capital markets performance as well as low interest rate environment. | Stocks Worth Considering A few better-ranked stocks in the finance space are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . Click to get this free report Barclays PLC (BCS): Free Stock Analysis Report Regional Management Corp. (RM): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Though the company has been successful in resolving certain issues over the past few years, some regulatory and legal restrictions still remain headwinds. |
21686.0 | 2018-08-13 00:00:00 UTC | 5 Reasons to Add Ameriprise (AMP) Stock to Your Portfolio | AB | https://www.nasdaq.com/articles/5-reasons-to-add-ameriprise-amp-stock-to-your-portfolio-2018-08-13 | nan | nan | Ameriprise FinancialAMP remains well positioned to grow driven by consistent top-line rise, improving earnings performance and a strong balance sheet position. Also, it has an impressive capital deployment plan.
Yet, continued outflows in the Asset Management segment and higher expense levels are major concerns for Ameriprise. Despite these headwinds, this Zacks Rank #2 (Buy) stock seems like an attractive investment opportunity right now as it has been witnessing solid upward estimate revisions.
Over the last 30 days, the Zacks Consensus Estimate for earnings increased 1.3% and 3.5% for 2018 and 2019, respectively. Further, the stock has gained 41.4% over the past two years, widely outperforming the industry 's rally of 16.3%.
What Makes the Stock a Solid Pick
Earnings growth: Over the past three to five years, Ameriprise witnessed earnings per share growth of 13.3% compared with 4.1% increase for the industry. Further, the company's earnings are projected to grow 19.6% in 2018 and 11.9% in 2019.
Moreover, it delivered an average positive earnings surprise of 9.5% in the trailing four quarters.
Revenue growth: Ameriprise constantly modifies its product and service-offering capacity to keep pace with dynamic market needs. This strategy along with asset growth helped the company in witnessing a rise in total net revenues (GAAP basis) at a CAGR of 1.8% over the last five years (2013-2017).
Further, the company's projected sales growth rate of 8.7% and 7.4% for 2018 and 2019 respectively, ensures continuation of the upward trend in revenues.
Steady capital deployment: Ameriprise manages its capital levels efficiently. In April 2018, the company announced dividend hike for the 11th time since 2010. Also, the company has share repurchase plan in place. It raised its buyback authorization by an additional $2.5 billion, which is going to expire on Jun 30, 2019. Given a strong balance sheet and capital position, a dividend payout ratio lower than the industry and decent earnings growth, the company should be able to sustain its dividend payments.
Superior Return on Equity (ROE): The company's ROE of 36.15% compares favorably with the industry's ROE of 12.98%, reflecting its efficiency in utilizing shareholders' funds.
Stock seems undervalued: Ameriprise seems undervalued when compared with the broader industry. Its current price-earnings (F1) and price-sales ratios are lower than the respective industry averages.
Also, the stock has a Value Score of A. Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 offer the best upside potential.
Other Stocks to Consider
Some other stocks from the finance space worth a look are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . All these stocks carry a Zacks Rank #2.You can see the complete list of today's Zacks #1 Rank stocks here .
The Zacks Consensus Estimate for AllianceBernstein moved 2.4% upward for 2018, in the last 60 days. Its share price has increased 22.3% in the past 12 months.
Lazard's Zacks Consensus Estimate was revised 2.5% upward for 2018, in the last 60 days. The company's share price has increased 14.3% in the past 12 months.
The Zacks Consensus Estimate for Regional Management was revised 1.3% upward for 2018, in the last 60 days. Its share price has jumped 49.1% in the past year.
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Regional Management Corp. (RM): Free Stock Analysis Report
Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report
Lazard Ltd (LAZ): Free Stock Analysis 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Given a strong balance sheet and capital position, a dividend payout ratio lower than the industry and decent earnings growth, the company should be able to sustain its dividend payments. Superior Return on Equity (ROE): The company's ROE of 36.15% compares favorably with the industry's ROE of 12.98%, reflecting its efficiency in utilizing shareholders' funds. Other Stocks to Consider Some other stocks from the finance space worth a look are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . | Given a strong balance sheet and capital position, a dividend payout ratio lower than the industry and decent earnings growth, the company should be able to sustain its dividend payments. Click to get this free report Regional Management Corp. (RM): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Superior Return on Equity (ROE): The company's ROE of 36.15% compares favorably with the industry's ROE of 12.98%, reflecting its efficiency in utilizing shareholders' funds. | Click to get this free report Regional Management Corp. (RM): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. Given a strong balance sheet and capital position, a dividend payout ratio lower than the industry and decent earnings growth, the company should be able to sustain its dividend payments. Superior Return on Equity (ROE): The company's ROE of 36.15% compares favorably with the industry's ROE of 12.98%, reflecting its efficiency in utilizing shareholders' funds. | Given a strong balance sheet and capital position, a dividend payout ratio lower than the industry and decent earnings growth, the company should be able to sustain its dividend payments. Superior Return on Equity (ROE): The company's ROE of 36.15% compares favorably with the industry's ROE of 12.98%, reflecting its efficiency in utilizing shareholders' funds. Other Stocks to Consider Some other stocks from the finance space worth a look are AllianceBernstein Holding L.P. AB , Lazard Ltd LAZ and Regional Management Corp. RM . |
21687.0 | 2018-08-09 00:00:00 UTC | AB vs. HRGLY: Which Stock Is the Better Value Option? | AB | https://www.nasdaq.com/articles/ab-vs.-hrgly%3A-which-stock-is-the-better-value-option-2018-08-09 | nan | nan | Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or HARGREAVES LNSD (HRGLY). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
AllianceBernstein and HARGREAVES LNSD are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. But this is just one factor that value investors are interested in.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
AB currently has a forward P/E ratio of 11.33, while HRGLY has a forward P/E of 37.34. We also note that AB has a PEG ratio of 1.60. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HRGLY currently has a PEG ratio of 2.81.
Another notable valuation metric for AB is its P/B ratio of 1.88. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, HRGLY has a P/B of 30.25.
These are just a few of the metrics contributing to AB's Value grade of A and HRGLY's Value grade of F.
AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now.
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AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
HARGREAVES LNSD (HRGLY): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or HARGREAVES LNSD (HRGLY). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. AB currently has a forward P/E ratio of 11.33, while HRGLY has a forward P/E of 37.34. | These are just a few of the metrics contributing to AB's Value grade of A and HRGLY's Value grade of F. AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report HARGREAVES LNSD (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or HARGREAVES LNSD (HRGLY). | These are just a few of the metrics contributing to AB's Value grade of A and HRGLY's Value grade of F. AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report HARGREAVES LNSD (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or HARGREAVES LNSD (HRGLY). | These are just a few of the metrics contributing to AB's Value grade of A and HRGLY's Value grade of F. AB has seen stronger estimate revision activity and sports more attractive valuation metrics than HRGLY, so it seems like value investors will conclude that AB is the superior option right now. Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or HARGREAVES LNSD (HRGLY). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AB has an improving earnings outlook. |
21688.0 | 2018-08-06 00:00:00 UTC | Why I Refuse to Buy These Great High-Yield Dividend Stocks | AB | https://www.nasdaq.com/articles/why-i-refuse-buy-these-great-high-yield-dividend-stocks-2018-08-06 | nan | nan | When I was younger, my portfolio contained a large number of limited partnerships . I'm an income-focused investor, and the high yields this niche sector provides, coupled with other advantages, was simply too great to pass up. But I'm older now, and while I still love the dividends that limited partnerships throw off, there are other considerations that keep me out of these investments. Here's why I refuse to buy these great high-yield dividend stocks , though you might still want to own them.
Great is a strong word
The list of positives surrounding the limited partnership structure is short, but their benefits are huge for income investors. First off, the structure is specifically designed to pass income on to unitholders. That means, generally speaking, you'll find high yields throughout the MLP space. Even the largest and strongest partnerships tend to offer giant yields. For example, midstream industry bellwether Enterprise Products Partners L.P. (NYSE: EPD) currently offers investors a huge 6.1% distribution yield. Compare that to an S&P 500 Index fund's roughly 2% yield and you're sure to be smitten.
To make that yield even better, however, the MLP structure effectively makes you a part-owner (a partner) in the company. Limited partnerships don't pay taxes at the corporate level, they pass through all of that to unitholders on a pro rata basis, allowing tax benefits like depreciation to get passed along to unitholders. It's a little complex (more on this in a second), but the end result is that a portion of the income you receive will likely be tax-advantaged, allowing you to avoid taxes in the year you receive it. The amount of income that avoids current taxation varies from partnership to partnership and year to year, but tax-advantaged income is a nice bonus if you are trying to maximize current income (and minimize the taxes you pay).
Passing so much income on to investors does cause some problems, in that it doesn't leave much cash around for investing in expansion projects and acquisitions. Which means that MLPs often have to tap the capital markets to fund growth. However, it isn't that hard to find partnerships, like Magellan Midstream Partners, L.P. (NYSE: MMP) , that manage to live largely within their means and don't overleverage themselves or dilute current unitholders to grow. Enterprise is shifting gears right now to self-fund more of its growth spending , as well, a move that will make it an even more desirable income investment once that transition is complete.
MMP Dividend Per Share (Annual) data by YCharts
Growth is important to keep in mind as an income investor because the buying power of a stagnant dividend will be eroded by inflation over time. But that's not an issue for well-run partnerships like Enterprise and Magellan, which have increased their distributions annually for 21 years and 18 years, respectively. The growth rates on those distributions, meanwhile, have easily beaten the historical growth rate of inflation over time. So these MLPs have increased investors' buying power while providing above market yields. Not all MLPs manage to achieve such long-term success, however, so you'll want to be selective when investing.
If you are an income investor like me, limited partnerships should sound pretty enticing so far. And there's more variety in the LP sector than you might realize, too. Midstream oil and gas is the largest category in the MLP sector by a wide margin, but you can find an amusement park owner , a funeral services company, mining concerns, shipping owners, energy services firms, real estate and infrastructure MLPs, and financial firms that make use of the structure, too. Not all of these are great investments, of course, but there's more diversification in the space than you might realize. Adding a high-yield limited partnership to your portfolio is not hard to do.
The fly in the ointment
In short, there are a lot of things to like about limited partnerships. Which brings us to the fact that I, sadly, no longer allow myself to buy any of these high-yield investments even though I think some (like Magellan and Enterprise) present great investment opportunities. The big-picture reason is complexity.
I'm getting to the point where my own longevity is starting to become a much more important issue to consider. Because of this, I've added a somewhat unique factor to my stock selection screen: "Would I want my wife to own this investment if I were to die?"
Data source: Yahoo Finance
That's sounds morbid, and perhaps it is, but I don't want to leave my wife and daughter with a portfolio that they can't easily understand. And limited partnerships are not easy to understand. They are pass-through entities that result in unitholders being treated like they directly own the MLP on a pro rata basis. That's why unitholders benefit from tax shields like depreciation.
But that benefit comes at a cost and it makes April 15th a complicated affair since you have to include your share of all of the MLPs tax issues in your taxes. For starters, you have to wait for a special tax form known as a K-1 before you can fill out your taxes. That K-1 contains a jumble of numbers that break down what you, the partner, are responsible for including in your taxes. You get a different form for every MLP you own and it isn't always easy to figure out what to do with the numbers. In fact, it's probably best to get an accountant if you own LPs.
If the yearly K-1 wasn't bad enough, selling units come with their own tax headaches. Limited partnership distributions have tax advantages in the year you receive them, but you can't avoid Uncle Sam forever. A portion of your distributions are likely to be treated as a return of capital, which reduces your cost basis and, thus, increases the capital gains taxes you face when you sell. But it's not that simple (it's never that simple). Some of the reduction in your cost basis will be related to things like depreciation or appreciated inventory, which are taxed differently. These are "recapture" items that are taxed as current income. So your capital gain will end up being broken down into different categories when you pay taxes. I have a hard time getting my head around this at times, I'm certain my wife won't want to try.
I love them and I have to pass
In the end, limited partnerships are a great investment option for income investors. They offer generally high yields, tax-advantaged income, and for well-run partnerships distributions that can keep up with or exceed inflation. However, there is a downside to the structure since you are, effectively, a part-owner of these pass-through entities. They will increase the complexity of your taxes every year you own them and add an extra level of work when and if you sell. If you don't have a problem taking on that extra work and complication, they are a great option, but if you, or a loved one, aren't likely to be comfortable shouldering the extra work involved, you'll want to think twice before buying an MLP. The latter, sadly, is the camp I currently fall into.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Enterprise is shifting gears right now to self-fund more of its growth spending , as well, a move that will make it an even more desirable income investment once that transition is complete. So these MLPs have increased investors' buying power while providing above market yields. The fly in the ointment In short, there are a lot of things to like about limited partnerships. | Enterprise is shifting gears right now to self-fund more of its growth spending , as well, a move that will make it an even more desirable income investment once that transition is complete. So these MLPs have increased investors' buying power while providing above market yields. The fly in the ointment In short, there are a lot of things to like about limited partnerships. | Enterprise is shifting gears right now to self-fund more of its growth spending , as well, a move that will make it an even more desirable income investment once that transition is complete. So these MLPs have increased investors' buying power while providing above market yields. The fly in the ointment In short, there are a lot of things to like about limited partnerships. | Enterprise is shifting gears right now to self-fund more of its growth spending , as well, a move that will make it an even more desirable income investment once that transition is complete. So these MLPs have increased investors' buying power while providing above market yields. The fly in the ointment In short, there are a lot of things to like about limited partnerships. |
21689.0 | 2018-08-02 00:00:00 UTC | AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for August 03, 2018 | AB | https://www.nasdaq.com/articles/alliancebernstein-holding-lp-ab-ex-dividend-date-scheduled-august-03-2018-2018-08-02 | nan | nan | AllianceBernstein Holding L.P. ( AB ) will begin trading ex-dividend on August 03, 2018. A cash dividend payment of $0.62 per share is scheduled to be paid on August 23, 2018. Shareholders who purchased AB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -15.07% decrease from the prior dividend payment. At the current stock price of $29.7, the dividend yield is 8.35%.
The previous trading day's last sale of AB was $29.7, representing a -3.57% decrease from the 52 week high of $30.80 and a 31.71% increase over the 52 week low of $22.55.
AB is a part of the Finance sector, which includes companies such as The Blackstone Group L.P. ( BX ) and KKR & Co. Inc. ( KKR ). AB's current earnings per share, an indicator of a company's profitability, is $2.49. Zacks Investment Research reports AB's forecasted earnings growth in 2018 as 12.83%, compared to an industry average of 5.3%.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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. Zacks Investment Research reports AB's forecasted earnings growth in 2018 as 12.83%, compared to an industry average of 5.3%. For more information on the declaration, record and payment dates, visit the AB Dividend History page. | AB's current earnings per share, an indicator of a company's profitability, is $2.49. 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 ) will begin trading ex-dividend on August 03, 2018. | 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 $29.7, representing a -3.57% decrease from the 52 week high of $30.80 and a 31.71% increase over the 52 week low of $22.55. 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 $2.49. AllianceBernstein Holding L.P. ( AB ) will begin trading ex-dividend on August 03, 2018. |
21690.0 | 2018-08-01 00:00:00 UTC | Is AllianceBernstein (AB) a Great Dividend Play? | AB | https://www.nasdaq.com/articles/is-alliancebernstein-ab-a-great-dividend-play-2018-08-01 | nan | nan | Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
AllianceBernstein in Focus
AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 20.56% since the start of the year. The investment management company is paying out a dividend of $0.73 per share at the moment, with a dividend yield of 9.67% compared to the Financial - Investment Management industry's yield of 2.84% and the S&P 500's yield of 1.77%.
Looking at dividend growth, the company's current annualized dividend of $2.92 is up 37.1% from last year. Over the last 5 years, AllianceBernstein has increased its dividend 4 times on a year-over-year basis for an average annual increase of 7.90%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. AllianceBernstein's current payout ratio is 108%. This means it paid out 108% of its trailing 12-month EPS as dividend.
AB is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2018 is $2.60 per share, with earnings expected to increase 13.04% from the year ago period.
Bottom Line
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that AB is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AB is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. | AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. | AllianceBernstein in Focus AllianceBernstein (AB) is headquartered in New York, and is in the Finance sector. AB is expecting earnings to expand this fiscal year as well. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. |
21691.0 | 2018-07-28 00:00:00 UTC | Validea John Neff Strategy Daily Upgrade Report - 7/28/2018 | AB | https://www.nasdaq.com/articles/validea-john-neff-strategy-daily-upgrade-report-7282018-2018-07-28 | 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 60% 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
SUPER MICRO COMPUTER, INC. ( SMCI ) is a small-cap growth stock in the Computer Hardware industry. The rating according to our strategy based on John Neff changed from 77% 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: Super Micro Computer, Inc. is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology ( IT ), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company's solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. The Company sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs). As of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
PEOPLES UTAH BANCORP ( PUB ) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on John Neff changed from 42% 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: People's Utah Bancorp is a bank holding company. As of December 31, 2016, the Company had 18 retail banking locations, two residential mortgage offices and other support facilities operated through its banking subsidiary, People's Intermountain Bank (PIB or the Bank). The Company provides full-service retail banking in the state of Utah, including a range of banking and related services to locally owned businesses, professional firms, real-estate developers, residential home builders, high net-worth individuals, investors and other customers. It also provides a range of banking services and products to individuals. The Bank operates two divisions: Bank of American Fork ( BAF ), Lewiston State Bank (LSB) and GrowthFunding Equipment Finance. The Company provides banking services throughout its market area to real estate developers, contractors and small-to medium-sized 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.
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on John Neff has returned 155.46% vs. 153.51% for the S&P 500. For more details on this strategy, click here
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.
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. |
21692.0 | 2018-07-25 00:00:00 UTC | Should Value Investors Buy AllianceBernstein (AB) Stock? | AB | https://www.nasdaq.com/articles/should-value-investors-buy-alliancebernstein-ab-stock-2018-07-25 | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is AllianceBernstein (AB). AB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 11.52, which compares to its industry's average of 12.73. Over the last 12 months, AB's Forward P/E has been as high as 12.30 and as low as 10.12, with a median of 11.03.
Investors should also recognize that AB has a P/B ratio of 1.89. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. AB's current P/B looks attractive when compared to its industry's average P/B of 2.23. Over the past year, AB's P/B has been as high as 1.89 and as low as 1.49, with a median of 1.64.
Finally, investors will want to recognize that AB has a P/CF ratio of 13.28. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. AB's current P/CF looks attractive when compared to its industry's average P/CF of 17.92. Over the past 52 weeks, AB's P/CF has been as high as 13.28 and as low as 10.69, with a median of 11.82.
These figures are just a handful of the metrics value investors tend to look at, but they help show that AllianceBernstein is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AB feels like a great value stock at the moment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One company to watch right now is AllianceBernstein (AB). AB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Over the last 12 months, AB's Forward P/E has been as high as 12.30 and as low as 10.12, with a median of 11.03. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. One company to watch right now is AllianceBernstein (AB). AB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report To read this article on Zacks.com click here. One company to watch right now is AllianceBernstein (AB). AB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | One company to watch right now is AllianceBernstein (AB). Investors should also recognize that AB has a P/B ratio of 1.89. AB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. |
21693.0 | 2018-07-12 00:00:00 UTC | Financial Sector Update for 07/12/2018: AB,KEY,OZRK,CBSH | AB | https://www.nasdaq.com/articles/financial-sector-update-07122018-abkeyozrkcbsh-2018-07-12 | nan | nan | Top Financial Stocks
JPM +0.27%
BAC +0.38%
WFC -0.23%
C +0.68%
USB +0.56%
Financial stocks were rising in Thursday trading, with the NYSE Financial Index posting a more than 0.4% increase while shares of financial companies in the S&P 500 were adding less than 0.1% in value.
In economic news:
The Consumer Price Index rose just 0.1% during June, missing expert opinion that had been expecting a 0.2% increase over May levels, when inflation at the consumer level also grew 0.2% month-over-month. Excluding food and energy costs, CPI climbed 0.2% in June, matching forecasts. Year-over-year, consumer prices picked up a little more speed, rising 2.9% in June to match the Econoday consensus and adding 0.1 of a percentage point to May levels.
First-time jobless benefit applications declined by 18,000 during the seven days ended July 7 from an upwardly revised 232,000 claims during the prior month, with the fall to 214,000 initial claims for unemployment compensation also moving past market expectations for a 6,000 dip to 225,000 applications last week. Continuing claims also fell by 3,000 to around 1.74 million jobless workers while the unemployment rate for insured workers was unchanged at 1.2%.
Among financial stocks moving on news:
- AllianceBernstein ( AB ) was nearly 1% lower Thursday afternoon, giving back a small gain earlier in the session, that followed the company saying assets under management rose 4.7% year over year to $540 million during June compared with $516 million during the same month last year. On a sequential basis, however, assets under management slipped 0.2% to $541 million last month due to market depreciation, including the negative impact of foreign currency movements.
In other sector news:
+ Commerce Bancshares ( CBSH ) climbed to a new, all-time high on Thursday, rising over 5% to a best-ever $70.00 a share, after beating wall Street expectations with its Q2 net income and revenue. The bank holding company earned $1.01 per share during the three months ended June 30, up from $0.71 during the same period last year and exceeding the Capital IQ consensus by $0.12 per share. Revenue, calculated as the total of net interest and non-interest income, rose to $335.8 million from $298.2 million during the year-ago period, also topping the $321.9 million analyst mean.
+ KeyCorp ( KEY ) was narrowly lower Thursday afternoon, backtracting from a 1% advance for the bank holding company that followed it declaring a $0.17 per share Q3 dividend, representing a 41.7% increase over its most recent distribution to investors. The upcoming dividend, including the added $0.05 per share, is payable Sept. 14 to shareholders of record on Aug. 28.
- Bank of the Ozarks ( OZRK ) dropped as much as 8% on Thursday after the bank holding company reported Q2 revenue falling short of analyst projections. Revenue, calculated as the sum of net interest income and non-interest income, grew to $252.1 million during the three months ended June 30 from $233.9 million during the same quarter last year but still trailed the $255.9 million Capital IQ consensus. It also earned $0.89 per share, up from the prior-year period's $0.73-per-share profit and matching Street views.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among financial stocks moving on news: - AllianceBernstein ( AB ) was nearly 1% lower Thursday afternoon, giving back a small gain earlier in the session, that followed the company saying assets under management rose 4.7% year over year to $540 million during June compared with $516 million during the same month last year. The upcoming dividend, including the added $0.05 per share, is payable Sept. 14 to shareholders of record on Aug. 28. On a sequential basis, however, assets under management slipped 0.2% to $541 million last month due to market depreciation, including the negative impact of foreign currency movements. | Among financial stocks moving on news: - AllianceBernstein ( AB ) was nearly 1% lower Thursday afternoon, giving back a small gain earlier in the session, that followed the company saying assets under management rose 4.7% year over year to $540 million during June compared with $516 million during the same month last year. The upcoming dividend, including the added $0.05 per share, is payable Sept. 14 to shareholders of record on Aug. 28. Revenue, calculated as the total of net interest and non-interest income, rose to $335.8 million from $298.2 million during the year-ago period, also topping the $321.9 million analyst mean. | Among financial stocks moving on news: - AllianceBernstein ( AB ) was nearly 1% lower Thursday afternoon, giving back a small gain earlier in the session, that followed the company saying assets under management rose 4.7% year over year to $540 million during June compared with $516 million during the same month last year. The upcoming dividend, including the added $0.05 per share, is payable Sept. 14 to shareholders of record on Aug. 28. The bank holding company earned $1.01 per share during the three months ended June 30, up from $0.71 during the same period last year and exceeding the Capital IQ consensus by $0.12 per share. | Among financial stocks moving on news: - AllianceBernstein ( AB ) was nearly 1% lower Thursday afternoon, giving back a small gain earlier in the session, that followed the company saying assets under management rose 4.7% year over year to $540 million during June compared with $516 million during the same month last year. The upcoming dividend, including the added $0.05 per share, is payable Sept. 14 to shareholders of record on Aug. 28. Revenue, calculated as the total of net interest and non-interest income, rose to $335.8 million from $298.2 million during the year-ago period, also topping the $321.9 million analyst mean. |
21694.0 | 2018-06-21 00:00:00 UTC | Legg Mason's (LM) CEO Pay Package for FY18 Jumps 8% Y/Y | AB | https://www.nasdaq.com/articles/legg-masons-lm-ceo-pay-package-for-fy18-jumps-8-y-y-2018-06-21 | nan | nan | Legg Mason Inc. 's LM chief executive officer (CEO) Joseph A. Sullivan's total compensation, including a cash bonus, had been increased to $9.7 million in fiscal 2018. This represents a jump of 8% from the prior fiscal on higher incentives, according to a regulatory filing of Jun 20.
In fiscal 2018, Sullivan's pay package included salary of $500,000, unchanged from fiscal 2017, a cash bonus of $4 million (up from $3.32 million in 2017) and stock awards of $3.32 million (in line with 2017). He also received stock options worth $1.66 million, in line with the prior fiscal. Notably, 60% of incentive awards were paid in equity to Sullivan, while 40% was paid in cash.
The pay rise was the result of factors like the company's improved financial performance in fiscal 2018, after three consecutive declines in salary. Moreover, many top executives of Legg Mason witnessed pay hikes, as the compensation committee feels that the company's performance has improved, though it is below prior-fiscal levels.
For fiscal 2018, the Baltimore-based investment manager recorded total revenues of $3.1 billion, up 9% year over year. Moreover, net income jumped 17% year over year to $336.4 million.
Per the filing, the CEO's compensation for fiscal 2018 is commensurate with "improved financial performance in a challenging environment" and reflects the "strategic repositioning of Legg Mason for future growth."
We believe Legg Mason has the potential to outperform its peers over the long haul, given its diversified product mix and leverage to the changing demographics in the market.
Legg Mason currently carries a Zacks Rank #3 (Hold). The company's shares have lost around 14.9% over the past year compared with the decline of 4.4% recorded by the industry .
Stocks to Consider
AllianceBernstein Holding L.P. AB has been witnessing upward estimate revisions for the last 60 days. Additionally, the stock jumped more than 16% over the past six months. It currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Lazard Ltd LAZ has been witnessing upward estimate revisions for the last 60 days. Also, the company's shares have risen nearly 4.4% over the last six months. It holds a Zacks Rank #2, at present.
Prospect Capital Corporation PSEC has been witnessing upward estimate revisions for the last 60 days. In three months' time, this Zacks #2 Ranked company's share price has been up more than 2%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Notably, 60% of incentive awards were paid in equity to Sullivan, while 40% was paid in cash. Stocks to Consider AllianceBernstein Holding L.P. AB has been witnessing upward estimate revisions for the last 60 days. Click to get this free report Legg Mason, Inc. (LM): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Prospect Capital Corporation (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Legg Mason, Inc. (LM): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Prospect Capital Corporation (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, 60% of incentive awards were paid in equity to Sullivan, while 40% was paid in cash. Stocks to Consider AllianceBernstein Holding L.P. AB has been witnessing upward estimate revisions for the last 60 days. | Click to get this free report Legg Mason, Inc. (LM): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Prospect Capital Corporation (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, 60% of incentive awards were paid in equity to Sullivan, while 40% was paid in cash. Stocks to Consider AllianceBernstein Holding L.P. AB has been witnessing upward estimate revisions for the last 60 days. | Notably, 60% of incentive awards were paid in equity to Sullivan, while 40% was paid in cash. Stocks to Consider AllianceBernstein Holding L.P. AB has been witnessing upward estimate revisions for the last 60 days. Click to get this free report Legg Mason, Inc. (LM): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Prospect Capital Corporation (PSEC): Free Stock Analysis Report To read this article on Zacks.com click here. |
21695.0 | 2018-06-15 00:00:00 UTC | CME Group (CME) Prices $1.2 Billion Senior Unsecured Notes | AB | https://www.nasdaq.com/articles/cme-group-cme-prices-%241.2-billion-senior-unsecured-notes-2018-06-15 | nan | nan | CME GroupCME recently announced the pricing of $1.2 billion senior notes. The notes will be issued in two tranches, 3.75% $500 million senior unsecured notes due 2028 and 4.15% $700 million senior unsecured notes due 2048.
The company intends to deploy the proceeds from this offering along with cash in hand to finance the cash consideration of NEX Group plc by CME Group and CME London Limited.
CNA Financial's debt-to-equity ratio at first-quarter end was 10.2%, having improved 70 basis points from 2017-end level. With this new issuance, the ratio is expected to deteriorate 530 basis points. Nonetheless, the leverage ratio will still compare favorably with the industry average of 20.6%.
However, with the new issuance, interest expense will increase. But we still believe in the company's strong position to clear debts, banking on operational efficiencies, largely driven by organic growth.
Though the interest rate is gradually improving, reflecting the country's thriving economy, the rate is still low. With the last one-quarter percentage point hike, the interest rate currently stands at 2%. Projections at the June FOMC meeting indicate interest rate to reach 3.4% at 2020 end as GDP grows at 2% and inflation remaining at 2.1% in 2020.
It seems a prudent approach on CME Group's part to capitalize on the persistently low interest rate environment to procure funds. Also, lower interest rate reducing interest burden on borrowings combined with lower tax incidence should facilitate margin expansion.
Shares of CME Group have rallied 16.5% year to date, outperforming the industry 's growth of 9.9%. Efforts to expand and cross-sell through strategic alliances, acquisitions, new product initiatives and a consolidated global presence should drive growth for the company, pushing up its shares.
CME Group has a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the finance sector are Nasdaq, Inc. NDAQ , AllianceBernstein Holding L.P. AB and American Equity Investment Life Holding Company AEL , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Nasdaq delivered an average four-quarter positive surprise of 4.8%.
AllianceBernstein, a publicly owned investment manager, provides research services to its clients. The company pulled off an average four-quarter earnings surprise of 9.64%.
American Equity Investment provides life insurance products and services in the United States. The company came up with an average four-quarter beat of 24.38%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Nonetheless, the leverage ratio will still compare favorably with the industry average of 20.6%. Stocks to Consider Some better-ranked stocks from the finance sector are Nasdaq, Inc. NDAQ , AllianceBernstein Holding L.P. AB and American Equity Investment Life Holding Company AEL , each carrying a Zacks Rank #2 (Buy). Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report American Equity Investment Life Holding Company (AEL): Free Stock Analysis Report CME Group Inc. (CME): Free Stock Analysis Report Nasdaq, Inc. (NDAQ): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks to Consider Some better-ranked stocks from the finance sector are Nasdaq, Inc. NDAQ , AllianceBernstein Holding L.P. AB and American Equity Investment Life Holding Company AEL , each carrying a Zacks Rank #2 (Buy). Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report American Equity Investment Life Holding Company (AEL): Free Stock Analysis Report CME Group Inc. (CME): Free Stock Analysis Report Nasdaq, Inc. (NDAQ): Free Stock Analysis Report To read this article on Zacks.com click here. Nonetheless, the leverage ratio will still compare favorably with the industry average of 20.6%. | Stocks to Consider Some better-ranked stocks from the finance sector are Nasdaq, Inc. NDAQ , AllianceBernstein Holding L.P. AB and American Equity Investment Life Holding Company AEL , each carrying a Zacks Rank #2 (Buy). Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report American Equity Investment Life Holding Company (AEL): Free Stock Analysis Report CME Group Inc. (CME): Free Stock Analysis Report Nasdaq, Inc. (NDAQ): Free Stock Analysis Report To read this article on Zacks.com click here. Nonetheless, the leverage ratio will still compare favorably with the industry average of 20.6%. | Nonetheless, the leverage ratio will still compare favorably with the industry average of 20.6%. Stocks to Consider Some better-ranked stocks from the finance sector are Nasdaq, Inc. NDAQ , AllianceBernstein Holding L.P. AB and American Equity Investment Life Holding Company AEL , each carrying a Zacks Rank #2 (Buy). Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report American Equity Investment Life Holding Company (AEL): Free Stock Analysis Report CME Group Inc. (CME): Free Stock Analysis Report Nasdaq, Inc. (NDAQ): Free Stock Analysis Report To read this article on Zacks.com click here. |
21696.0 | 2018-06-13 00:00:00 UTC | 6-Year High Inflation Reinforces June Rate Hike: 5 Top Picks | AB | https://www.nasdaq.com/articles/6-year-high-inflation-reinforces-june-rate-hike-5-top-picks-2018-06-13 | nan | nan | The U.S. Federal Reserve will likely lift the benchmark interest rate this week, to stay a step ahead of inflation.
Yesterday's Labor Department report revealed that U.S. consumer prices in May had logged its biggest gain in the last six years .
The U.S. economy is at its full employment level and a stretched workforce market will eventually push up inflation; as employers are trying to brave labor shortages with higher wages. A super-low jobless rate coupled with expectations for a stronger economy will likely tip the Fed's hand to bring in four hikes this year instead of three.
Against this backdrop, investors can bet on select banking, brokerage and insurance stocks to fetch alluring returns.
Higher Inflation Stokes Rate Hike Prospects
The Fed is likely to increase rates by 25 basis points (bps) in the 1.75-2% range, at the end of tomorrow's two-day Federal Open Market Committee (FOMC) policy meet. According to the CME Fed Watch Tool , the odds of a rate hike this time are as high as 96.3%.
The minutes from FOMC's last month's meeting also reveal that intertest rate on surplus reserves will climb by 20 bps to push the federal funds rate.
May's Consumer Price Index climbed 2.8% year over year, marking its highest gain since February 2012. Core index improved 2.2% from the year-ago period, recording its biggest advance since February 2017. Consumer Inflation in April was pegged at 2.5%, well above the Fed's 2% target.
Beyond 2018, FOMC's Personal Consumption Expenditures deflator forecasts are anticipated to remain near or slightly higher than 2% , steady with the 10-year U.S. breakeven inflation rates.
Notably, overnight indexed swaps currently indicate a nearly 75 bps of rate hikes in the next 12 months to about 2.37%.
Upbeat consumer sentiment is giving rise to inflation expectations. The University of Michigan consumer-sentiment index, currently pegged at 98.8 in May, is still at its long-time highs. On the other hand, inflation expectations for 2019 have moved up to 2.8% form 2.7% .
Factors Pouring in American Inflation
The jobs' report for May mirrored a tightening labor market scenario in Trump land, with unemployment sinking to 3.8%, its lowest level since the dot-com roar of the early 2000. Also, a 2.7% year-over-year upswing in last month's average hourly earnings wiped out fears of wage stagnation.
However, the Fed will try to cool down such speedy job growth trajectory via added rate hikes, as increased employment and wage rates will continue to push up inflation higher than its favored gauge of 2%.
Additionally, higher oil prices , the December enacted tax overhaul, weakening U.S. currency and synchronous global growth, as well as brewing trade war tensions between America and its economic allies, might all escalate price pressures going forward.
Likely Gainers from a Rate Hike
Brokerage firms and asset managers will benefit from higher interest rates since a rise in rates generally coincides with periods of economic strength and investor enthusiasm.
In addition, a rising-rate environment will be beneficial for bank stocks as banks widen the spread between what they earn by funding longer-term assets, such as loans, with shorter-term liabilities.
Moreover, rise in rates will enable insurance firms to invest in higher-yielding government securities, thereby leading to greater returns.
5 Hot Picks
Given such positives, we have highlighted five promising stocks that are poised to gain from the impending rate hike.
These picks have a Zacks Rank #1 (Strong Buy) or #2 (Buy) and a VGM Score of A or B.
Kemper CorporationKMPR offers life and health, and property and casualty insurances to
to businesses and individuals. The company's headquarters are located in Chicago, IL.
The Zacks Consensus Estimate for earnings has moved up 16.7% to $4.34 per share for 2018, in the last 60 days. Notably, the projected year-over-year earnings growth rate for the company is currently pegged at 164.6% and 5.5% for 2018 and 2019, respectively. Kemper Corporation's shares have gained 7.3% in the past month. The stock sports a Zacks Rank #1 and has a VGM Score of B. You can see the complete list of today's Zacks #1 Rank stocks here.
AllianceBernstein Holding L.P.AB provides investment management and research services in the market. The company's headquarters are in New York.
The stock carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for earnings has moved up 1.2% to $2.54 per share for 2018, in the last 60 days. Notably, the projected year-over-year earnings growth rate for the company is currently pegged at 10.4% and 3.4% for 2018 and 2019, respectively. AllianceBernstein's shares have gained 8.5% in the past month.
Old Second Bancorp, Inc.OSBC offers different types of banking services in the market. The company's headquarters are located in Aurora, IL.
The stock carries a Zacks Rank #2 and has a VGM Score of B. TheZacks Consensus Estimate for earnings has moved up 5.7% to $1.11 per share for 2018, in the last 60 days. Notably, the projected year-over-year earnings growth rate for the company is currently pegged at 37% and 11.3% for 2018 and 2019, respectively. Old Second Bancorp's shares have gained 3.8% in the past month.
Nicolet Bankshares Inc.NCBS provides retail and commercial banking services for individuals and businesses. The company's headquarters are located in Green Bay, WI.
The stock carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for earnings has moved up 8.3% to $3.67 per share for 2018, in the last 60 days. Notably, the projected year-over-year earnings growth rate for the company is currently pegged at 7.3% and 6.3% for 2018 and 2019, respectively. Nicolet Bankshares' shares have gained 1.5% in the past month.
Aflac IncorporatedAFL provides life and supplemental health products in the market. The company's headquarters are located in Columbus, GA.
The stock carries a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for earnings has moved up 2.1% to $3.97 per share for 2018, in the last 60 days. Notably, the projected year-over-year earnings growth rate for the company is currently pegged at 16.4% and 3.8% for 2018 and 2019, respectively. Aflac Incorporated's shares have gained 1.1% in the past month.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Old Second Bancorp, Inc. (OSBC): Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report
Aflac Incorporated (AFL): Free Stock Analysis Report
Kemper Corporation (KMPR): Free Stock Analysis Report
Nicolet Bankshares Inc. (NCBS): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Factors Pouring in American Inflation The jobs' report for May mirrored a tightening labor market scenario in Trump land, with unemployment sinking to 3.8%, its lowest level since the dot-com roar of the early 2000. Yesterday's Labor Department report revealed that U.S. consumer prices in May had logged its biggest gain in the last six years . The U.S. economy is at its full employment level and a stretched workforce market will eventually push up inflation; as employers are trying to brave labor shortages with higher wages. | Click to get this free report Old Second Bancorp, Inc. (OSBC): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Aflac Incorporated (AFL): Free Stock Analysis Report Kemper Corporation (KMPR): Free Stock Analysis Report Nicolet Bankshares Inc. (NCBS): Free Stock Analysis Report To read this article on Zacks.com click here. Yesterday's Labor Department report revealed that U.S. consumer prices in May had logged its biggest gain in the last six years . The U.S. economy is at its full employment level and a stretched workforce market will eventually push up inflation; as employers are trying to brave labor shortages with higher wages. | Click to get this free report Old Second Bancorp, Inc. (OSBC): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Aflac Incorporated (AFL): Free Stock Analysis Report Kemper Corporation (KMPR): Free Stock Analysis Report Nicolet Bankshares Inc. (NCBS): Free Stock Analysis Report To read this article on Zacks.com click here. Yesterday's Labor Department report revealed that U.S. consumer prices in May had logged its biggest gain in the last six years . The U.S. economy is at its full employment level and a stretched workforce market will eventually push up inflation; as employers are trying to brave labor shortages with higher wages. | Yesterday's Labor Department report revealed that U.S. consumer prices in May had logged its biggest gain in the last six years . The U.S. economy is at its full employment level and a stretched workforce market will eventually push up inflation; as employers are trying to brave labor shortages with higher wages. Consumer Inflation in April was pegged at 2.5%, well above the Fed's 2% target. |
21697.0 | 2018-06-12 00:00:00 UTC | AB vs. HRGLY: Which Stock Is the Better Value Option? | AB | https://www.nasdaq.com/articles/ab-vs.-hrgly%3A-which-stock-is-the-better-value-option-2018-06-12 | nan | nan | Investors with an interest in Financial - Investment Management stocks have likely encountered both AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Right now, AllianceBernstein is sporting a Zacks Rank of #2 (Buy), while HARGREAVES LNSD has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AB is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
AB currently has a forward P/E ratio of 11.64, while HRGLY has a forward P/E of 38.71. We also note that AB has a PEG ratio of 1.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. HRGLY currently has a PEG ratio of 2.83.
Another notable valuation metric for AB is its P/B ratio of 1.85. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, HRGLY has a P/B of 29.08.
These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F.
AB stands above HRGLY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AB is the superior value option right 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
HARGREAVES LNSD (HRGLY): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors with an interest in Financial - Investment Management stocks have likely encountered both AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AB is likely seeing its earnings outlook improve to a greater extent. AB currently has a forward P/E ratio of 11.64, while HRGLY has a forward P/E of 38.71. | Investors with an interest in Financial - Investment Management stocks have likely encountered both AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report HARGREAVES LNSD (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AB is likely seeing its earnings outlook improve to a greater extent. | These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F. AB stands above HRGLY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AB is the superior value option right now. Click to get this free report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report HARGREAVES LNSD (HRGLY): Free Stock Analysis Report To read this article on Zacks.com click here. Investors with an interest in Financial - Investment Management stocks have likely encountered both AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). | These metrics, and several others, help AB earn a Value grade of A, while HRGLY has been given a Value grade of F. AB stands above HRGLY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AB is the superior value option right now. Investors with an interest in Financial - Investment Management stocks have likely encountered both AllianceBernstein (AB) and HARGREAVES LNSD (HRGLY). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AB is likely seeing its earnings outlook improve to a greater extent. |
21698.0 | 2018-05-09 00:00:00 UTC | Small Stocks, Big Dividends | AB | https://www.nasdaq.com/articles/small-stocks-big-dividends-2018-05-09 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
One of the bigger risks in the markets is index risk. This is because the market for stocks continues to consolidate into fewer and fewer shares of listed companies. It hit a peak in the 1990s at around 8,000 stocks in the U.S. market, but that number now is less than 4,000 individual listed stocks. Less opportunity and more concentration of risk.
That risk shows up in the greater number of index-tracking exchange-traded funds (ETFs) that now number near 1,800 in the U.S. market and over 5,000 globally. And those index tracking ETFs concentrate trading in more and more of the well-followed and index-linked stocks.
The impact is that if one stock - say, Apple Inc. (NASDAQ: AAPL ) - has a bad day, it can drive indexes such as the S&P 500 or Dow Jones Industrials down significantly. And along with it many ETFs that are sitting in many individual investors' portfolios.
The antidote is to diversify into smaller stocks that aren't found in many indexes or ETFs to insulate your portfolio from general market sell-offs led by indexes.
7 Cheap Stocks With Strong Technical Signals
Here are three smaller stocks that not only have the benefit of being small - they are also great dividend payers.
I'll start with Natural Resource Partners LP (NYSE: NRP ). Natural Resource owns large parcels of land in the Eastern U.S., Appalachia, Central Illinois and the Western U.S. And in turn, it leases the land to mining companies under long-term contracts in return for royalty payments. It is set up as a passthrough, which means that investors get the majority of the net profits passed through without the company paying corporate income taxes.
And the dividends are also partially shielded from current income tax for shareholders as well.
Revenues are steady and expenses to maintain the contracts are low making for fat operating margins sitting at 43%. And the payout is nice with quarterly dividends of 45 cents, providing a yield of 5.7%.
Next is an asset management company that, while it runs billions of dollars in its funds, is actually a smaller company. AllianceBerstein Holding LP (NYSE: AB ) is another passthrough that gathers and manages assets and in turn passes though the majority of its profits to its shareholders, again without paying corporate taxes. As an asset manager, it's not as much about the performance as it is just keeping the assets in the funds and earning management fees.
Revenues from fee income has been steadily climbing. This is resulting in a nice stream of dividend distributions for shareholders, with the next payout set for 73 cents. This provides a nice dividend yield of 11%.
And last in this small group of stocks is MFA Financial (NYSE: MFA ). MFA is a mortgage investment company that's structured as a real estate investment trust (REIT). As a REIT, it also pays out the majority of its profits to shareholders while avoiding corporate income tax. And shareholders also get the benefit of being able to deduct 20% of the dividend payout from their taxable dividend income.
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MFA has a great track record of acquiring and managing mortgage securities. You can see it in how during the mortgage finance troubles in the U.S. market from 2007 to 2008, the company managed to remain profitable.
The dividend stream has been very steady, with a quarterly payout of 20 cents providing a yield of 10.6%.
Neil George is the editor for Profitable Investing and does not have any current holdings in the securities mentioned above.
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The post Small Stocks, Big Dividends 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AllianceBerstein Holding LP (NYSE: AB ) is another passthrough that gathers and manages assets and in turn passes though the majority of its profits to its shareholders, again without paying corporate taxes. As an asset manager, it's not as much about the performance as it is just keeping the assets in the funds and earning management fees. And shareholders also get the benefit of being able to deduct 20% of the dividend payout from their taxable dividend income. | AllianceBerstein Holding LP (NYSE: AB ) is another passthrough that gathers and manages assets and in turn passes though the majority of its profits to its shareholders, again without paying corporate taxes. As an asset manager, it's not as much about the performance as it is just keeping the assets in the funds and earning management fees. And shareholders also get the benefit of being able to deduct 20% of the dividend payout from their taxable dividend income. | AllianceBerstein Holding LP (NYSE: AB ) is another passthrough that gathers and manages assets and in turn passes though the majority of its profits to its shareholders, again without paying corporate taxes. As an asset manager, it's not as much about the performance as it is just keeping the assets in the funds and earning management fees. And shareholders also get the benefit of being able to deduct 20% of the dividend payout from their taxable dividend income. | AllianceBerstein Holding LP (NYSE: AB ) is another passthrough that gathers and manages assets and in turn passes though the majority of its profits to its shareholders, again without paying corporate taxes. And shareholders also get the benefit of being able to deduct 20% of the dividend payout from their taxable dividend income. As an asset manager, it's not as much about the performance as it is just keeping the assets in the funds and earning management fees. |
21699.0 | 2018-05-09 00:00:00 UTC | The Biggest IPO Since 2014: Here's What You Need to Know | AB | https://www.nasdaq.com/articles/biggest-ipo-2014-heres-what-you-need-know-2018-05-09 | nan | nan | This week's monster IPO, that of financial services company AXA Equitable Holdings , stands to not only be the largest in terms of capital raised this year, but it's also likely to notch the record for the largest in this half of the decade so far. It tips the scales at around $3.5 billion, at the midpoint of its per-share IPO price. It'll be the biggest initial offering since the one floated by Chinese e-commerce monster Alibaba Group in 2014, which still holds the all-time record for size.
Alibaba's issue was a raging success, and the company's stock is popular these days . Could AXA's future as a publicly traded entity be just as bright?
The details
In the IPO, 137,250,000 AXA Equitable Holdings shares are being sold at a price of $24 to $27 per share. The stock is scheduled to start trading publicly on Thursday, May 10, and it will be listed on the New York Stock Exchange under the ticker symbol EQH.
The IPO is being conducted by the company's corporate parent, France-based global insurance giant AXA, which will receive all net proceeds from the issue. Following the IPO, AXA will retain a majority stake of around 75% in the American company.
The underwriting syndicate is large and star-studded. It is led by Morgan Stanley (NYSE: MS) , JPMorgan Chase 's (NYSE: JPM) J.P. Morgan Securities, Barclays (NYSE: BCS) Capital, and Citigroup (NYSE: C) Global Markets.
All about the annuities
AXA Equitable Holdings is essentially the American component of AXA. AXA Equitable Holdings makes most of its money from the sale of annuities and by providing other financial services. Appropriately for an AXA-branded company, its predecessor Equitable Holdings was one of the oldest American insurers; AXA acquired a majority stake in it in 1991.
AXA Equitable Holdings also owns a majority position in AllianceBernstein Holding (NYSE: AB) , a publicly traded asset management company.
The operations of AXA Equitable Holdings are slotted into four divisions: individual retirement, group retirement, investment management and research, and protection solutions (basically life insurance). The company says that it's "a leading provider" of the variable annuity products sold by the individual retirement unit, and it commands strong positions in certain segments of its other businesses.
Of the four units, individual retirement was the largest in terms of revenue, taking in $4.4 billion in calendar 2017. Investment management and protection services both reaped around $3 billion, while group retirement brought up the rear at $947 million. AllianceBernstein's net revenue for the year was just under $3.3 billion.
Overall, consolidated revenue for AXA Equitable Holdings was just over $12.5 billion in calendar 2017, a 5% improvement over the 2016 tally. Attributable net income, however, fell by 33% to $850 million, due largely to an increase in reserves in the individual retirement unit.
The company points to the graying of America (the number of people 65 years and older is expected to more than double from 2016 to 2060, according to the Census Bureau) as a key catalyst for future growth. The pool of American retirement assets should deepen because of this; according to AXA Equitable Holdings, this amount is set to rise by over 5% per year from 2016 to 2021 .
Not a screaming bargain
These factors, combined with the company's strong and well-established position in the annuity segment, should help improve the top and bottom lines. But does that make this stock a compelling investment?
At the midpoint of its proposed price range, the price-to-attributed-earnings ratio is almost 17. That's higher than the 12 of component company AllianceBernstein, and well above the numbers of fellow annuity-slingers Prudential Financial and Lincoln National .
Analysts expect that both Prudential and Lincoln will post decent bottom-line growth for their current fiscal years. So in order to win lasting favor with investors (and justify the higher valuation), AXA Equitable Holdings will probably have to beat the pair at the growth game.
Elsewhere in the financial sector, AXA Equitable Holdings' trailing P/E is also roughly equal to that of JPMorgan Chase. For my money, JPMorgan Chase is the best-in-class stock among the "big four" American banks -- analysts are expecting nearly 30% growth in annual earnings this year.
In other words, AXA Equitable Holdings doesn't feel like a better investment than peers such as Prudential and Lincoln. It also isn't as attractive as JPMorgan Chase. Those who feel that annuities and life insurance (again, AXA Equitable Holdings' major business lines) have better-than-average potential might find the company alluring; I think there are juicier buys in the finance realm.
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The author(s) may have a position in any stocks mentioned.
Eric Volkman has no position in any of the stocks mentioned. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | So in order to win lasting favor with investors (and justify the higher valuation), AXA Equitable Holdings will probably have to beat the pair at the growth game. Those who feel that annuities and life insurance (again, AXA Equitable Holdings' major business lines) have better-than-average potential might find the company alluring; I think there are juicier buys in the finance realm. This week's monster IPO, that of financial services company AXA Equitable Holdings , stands to not only be the largest in terms of capital raised this year, but it's also likely to notch the record for the largest in this half of the decade so far. | This week's monster IPO, that of financial services company AXA Equitable Holdings , stands to not only be the largest in terms of capital raised this year, but it's also likely to notch the record for the largest in this half of the decade so far. AXA Equitable Holdings also owns a majority position in AllianceBernstein Holding (NYSE: AB) , a publicly traded asset management company. Those who feel that annuities and life insurance (again, AXA Equitable Holdings' major business lines) have better-than-average potential might find the company alluring; I think there are juicier buys in the finance realm. | This week's monster IPO, that of financial services company AXA Equitable Holdings , stands to not only be the largest in terms of capital raised this year, but it's also likely to notch the record for the largest in this half of the decade so far. AXA Equitable Holdings also owns a majority position in AllianceBernstein Holding (NYSE: AB) , a publicly traded asset management company. The operations of AXA Equitable Holdings are slotted into four divisions: individual retirement, group retirement, investment management and research, and protection solutions (basically life insurance). | AXA Equitable Holdings also owns a majority position in AllianceBernstein Holding (NYSE: AB) , a publicly traded asset management company. This week's monster IPO, that of financial services company AXA Equitable Holdings , stands to not only be the largest in terms of capital raised this year, but it's also likely to notch the record for the largest in this half of the decade so far. It'll be the biggest initial offering since the one floated by Chinese e-commerce monster Alibaba Group in 2014, which still holds the all-time record for size. |
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