AllianceBernstein Holding L.P

Dividend Yield: 7.40%

AllianceBernstein Holding L.P (NYSE: AB) shares currently have a dividend yield of 7.40%.

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. The company has a P/E ratio of 15.80.

The average volume for AllianceBernstein Holding L.P has been 353,100 shares per day over the past 30 days. AllianceBernstein Holding L.P has a market cap of $2.0 billion and is part of the financial services industry. Shares are up 25.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates AllianceBernstein Holding L.P as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from the ratings report include:
  • Since the same quarter one year prior, revenues leaped by 307.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has significantly increased by 83.01% to $40.48 million when compared to the same quarter last year.
  • The net income increased by 227.6% when compared to the same quarter one year prior, rising from -$23.14 million to $29.52 million.
  • ALLIANCEBERNSTEIN HOLDING LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, ALLIANCEBERNSTEIN HOLDING LP turned its bottom line around by earning $0.50 versus -$0.95 in the prior year. This year, the market expects an improvement in earnings ($1.61 versus $0.50).
  • The gross profit margin for ALLIANCEBERNSTEIN HOLDING LP is currently very high, coming in at 100.00%. AB has managed to maintain the strong profit margin since the same quarter of last year.

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