NYSE:AB

Stock Analysis Report

Executive Summary

AllianceBernstein Holding L.P. is publicly owned investment manager.

Snowflake

Risks

  • AllianceBernstein Holding is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.

Similar Companies

Share Price & News

How has AllianceBernstein Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.5%

NYSE:AB

-2.3%

US Capital Markets

0.1%

US Market


1 Year Return

-1.8%

NYSE:AB

-11.7%

US Capital Markets

1.2%

US Market

AB outperformed the Capital Markets industry which returned -11.3% over the past year.

AB underperformed the Market in United States of America which returned 0.7% over the past year.


Share holder returns

ABIndustryMarket
7 Day2.5%-2.3%0.1%
30 Day-0.03%-0.9%0.6%
90 Day-0.3%-0.9%0.9%
1 Year6.9%-1.8%-9.8%-11.7%3.4%1.2%
3 Year64.8%25.7%61.3%51.9%46.5%36.7%
5 Year72.5%13.6%70.8%55.0%55.1%37.9%

Price Volatility Vs. Market

How volatile is AllianceBernstein Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AllianceBernstein Holding undervalued based on future cash flows and its price relative to the stock market?

20%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

AllianceBernstein Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).

AllianceBernstein Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

AllianceBernstein Holding is good value based on earnings compared to the US Capital Markets industry average.

AllianceBernstein Holding is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

AllianceBernstein Holding is poor value based on expected growth next year.


Price Based on Value of Assets

AllianceBernstein Holding is good value based on assets compared to the US Capital Markets industry average.

Future Growth

How is AllianceBernstein Holding expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

AllianceBernstein Holding's revenue is expected to grow significantly at over 20% yearly.

AllianceBernstein Holding's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).

AllianceBernstein Holding's revenue growth is expected to exceed the United States of America market average.

AllianceBernstein Holding's earnings growth is positive but not above the United States of America market average.

AllianceBernstein Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if AllianceBernstein Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Past Performance

How has AllianceBernstein Holding performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AllianceBernstein Holding's year on year earnings growth rate has been positive over the past 5 years.

AllianceBernstein Holding's 1-year earnings growth is less than its 5-year average (4.1% vs 7.3%)

AllianceBernstein Holding's earnings growth has not exceeded the US Capital Markets industry average in the past year (4.1% vs 76.4%).


Return on Equity

AllianceBernstein Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AllianceBernstein Holding used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if AllianceBernstein Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.

Financial Health

How is AllianceBernstein Holding's financial position?


Financial Position Analysis

Unable to compare short term assets to short term liabilities as AllianceBernstein Holding has not reported sufficient balance sheet data.

Unable to establish if AllianceBernstein Holding's long term commitments exceed its cash and other short term assets as AllianceBernstein Holding has not reported sufficient balance sheet data.


Debt to Equity History and Analysis

AllianceBernstein Holding has no debt.

AllianceBernstein Holding has not taken on any debt in the past 5 years.

AllianceBernstein Holding has no debt, it does not need to be covered by operating cash flow.

AllianceBernstein Holding has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

AllianceBernstein Holding has no debt, it does not need to be covered by short term assets.

Dividend

What is AllianceBernstein Holding's current dividend yield, its reliability and sustainability?

9.18%

Expected Dividend Yield


Dividend Yield and Payments Analysis

AllianceBernstein Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).

AllianceBernstein Holding's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1x coverage).

Management

What is the CEO of AllianceBernstein Holding's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Seth Bernstein (57yo)

2.1yrs

Tenure

US$9,084,847

Compensation

Mr. Seth Perry Bernstein is the President and Chief Executive Officer of AllianceBernstein Corporation, the general partner of AllianceBernstein Holding L.P. since May 01, 2017 and serves as its Director s ...


CEO Compensation Analysis

Seth's remuneration is higher than average for companies of similar size in United States of America.

Seth's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

7.3yrs

Average Tenure

58yo

Average Age

The average tenure for the AllianceBernstein Holding management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

1.9yrs

Average Tenure

62yo

Average Age

The average tenure for the AllianceBernstein Holding board of directors is less than 3 years, this suggests a new board.


Insider Trading

AllianceBernstein Holding insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$543,28912 Jun 19
Kate Burke
EntityIndividual
Role
Chief Administrative Officer of AllianceBernstein Corporation
Shares18,897
Max PriceUS$28.75
SellUS$1,310,95727 Feb 19
James Gingrich
EntityIndividual
Role
Chief Operating Officer of Alliancebernstein Corporation
Shares44,909
Max PriceUS$29.38
SellUS$1,502,75025 Feb 19
James Gingrich
EntityIndividual
Role
Chief Operating Officer of Alliancebernstein Corporation
Shares50,000
Max PriceUS$30.35
SellUS$542,76422 Feb 19
Laurence Cranch
EntityIndividual
Role
General Counsel of AllianceBernstein Corporation
Shares17,913
Max PriceUS$30.30
SellUS$1,205,40021 Feb 19
James Gingrich
EntityIndividual
Role
Chief Operating Officer of Alliancebernstein Corporation
Shares40,000
Max PriceUS$30.15
SellUS$3,679,25620 Feb 19
Laurence Cranch
EntityIndividual
Role
General Counsel of AllianceBernstein Corporation
Shares122,601
Max PriceUS$30.01
BuyUS$6,354,14121 Dec 18
AXA SA
EntityCompany
Shares254,675
Max PriceUS$24.95

Ownership Breakdown


Management Team

  • Jim Gingrich (59yo)

    Chief Operating Officer of Alliancebernstein Corporation

    • Tenure: 7.5yrs
    • Compensation: $15.44m
  • Mark Manley (55yo)

    Chief Compliance Officer

    • Tenure: 31.4yrs
  • Laurence Cranch (71yo)

    General Counsel of AllianceBernstein Corporation

    • Tenure: 14.9yrs
    • Compensation: $6.09m
  • William Siemers (58yo)

    Controller & Chief Accounting Officer of AllianceBernstein Corporation

    • Tenure: 1.2yrs
  • Seth Bernstein (57yo)

    President

    • Tenure: 2.1yrs
    • Compensation: $9.08m
  • Hallie Elsner

    Head of Investor Relations

  • Karl Sprules

    Head of Global Technology & Operations

  • John Meyers

    Director of Corporate Communications

  • Kate Burke (46yo)

    Chief Administrative Officer of AllianceBernstein Corporation

    • Compensation: $5.54m
  • John Weisenseel (58yo)

    CFO & Senior VP of Alliancebernstein Corporation

    • Tenure: 7.1yrs
    • Compensation: $6.43m

Board Members

  • Henri René Marie de la Croix de Castries (64yo)

    Chairman of AXA Financial

    • Tenure: 21.2yrs
  • Ramon de Oliveira-Cezar (64yo)

    Independent Chairman of AllianceBernstein Corporation

    • Tenure: 0.2yrs
    • Compensation: $267.00k
  • Das Narayandas (58yo)

    Independent Director of Alliancebernstein Corporation

    • Tenure: 1.6yrs
    • Compensation: $258.00k
  • Nick Lane (44yo)

    Director of AllianceBernstein Corporation

    • Tenure: 0.2yrs
  • Dan Kaye (64yo)

    Director of Alliancebernstein Corporation

    • Tenure: 2.2yrs
    • Compensation: $302.50k
  • Barbara Fallon-Walsh (65yo)

    Independent Director of Alliancebernstein Corporation

    • Tenure: 2.2yrs
    • Compensation: $299.13k
  • Seth Bernstein (57yo)

    President

    • Tenure: 2.2yrs
    • Compensation: $9.08m
  • Paul Audet (64yo)

    Independent Director of AllianceBernstein Corporation

    • Tenure: 1.6yrs
    • Compensation: $275.50k
  • Mark Pearson (60yo)

    Director of Alliancebernstein Corporation

    • Tenure: 8.3yrs
  • Shelley Leibowitz (57yo)

    Independent Director of Alliancebernstein Corporation

    • Tenure: 1.6yrs
    • Compensation: $269.50k

Company Information

AllianceBernstein Holding L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AllianceBernstein Holding L.P.
  • Ticker: AB
  • Exchange: NYSE
  • Founded: 1987
  • Industry: asset management and custody banks
  • Sector: diversified financials
  • Market Cap: US$2.756b
  • Shares outstanding: 95.09m
  • Website: Click here

Number of Employees


Location

  • AllianceBernstein Holding L.P.
  • 1345 Avenue of the Americas
  • New York
  • New York
  • 10105
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABNYSE (New York Stock Exchange)YesLimited Partnership UnitsUSUSDJan 1970
W4MDB (Deutsche Boerse AG)YesLimited Partnership UnitsDEEURJan 1970

Biography

AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing pl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/17 23:56
End of Day Share Price2019/06/17 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.