AllianceBernstein Holding
Market Cap
US$2.8b
Last Updated
2019/06/17 23:56 UTC
Data Sources
Company Financials +
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
-1.1%
US Capital Markets
0.3%
US Market
1 Year Return
-1.8%
NYSE:AB
-11.3%
US Capital Markets
0.7%
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
| AB | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | -1.1% | 0.3% |
| 30 Day | -0.03% | -0.1% | 0.4% |
| 90 Day | -0.3% | -0.7% | 0.6% |
| 1 Year | 6.9%-1.8% | -9.3%-11.3% | 2.9%0.7% |
| 3 Year | 64.8%25.7% | 63.9%54.4% | 47.0%37.2% |
| 5 Year | 72.5%13.6% | 72.1%56.1% | 54.7%37.4% |
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
| Entity | Individual |
| Role | Chief Administrative Officer of AllianceBernstein Corporation |
| Shares | 18,897 |
| Max Price | US$28.75 |
| Entity | Individual |
| Role | Chief Operating Officer of Alliancebernstein Corporation |
| Shares | 44,909 |
| Max Price | US$29.38 |
| Entity | Individual |
| Role | Chief Operating Officer of Alliancebernstein Corporation |
| Shares | 50,000 |
| Max Price | US$30.35 |
| Entity | Individual |
| Role | General Counsel of AllianceBernstein Corporation |
| Shares | 17,913 |
| Max Price | US$30.30 |
| Entity | Individual |
| Role | Chief Operating Officer of Alliancebernstein Corporation |
| Shares | 40,000 |
| Max Price | US$30.15 |
| Entity | Individual |
| Role | General Counsel of AllianceBernstein Corporation |
| Shares | 122,601 |
| Max Price | US$30.01 |
| Entity | Company |
| Shares | 254,675 |
| Max Price | US$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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AB | NYSE (New York Stock Exchange) | Yes | Limited Partnership Units | US | USD | Jan 1970 |
| W4M | DB (Deutsche Boerse AG) | Yes | Limited Partnership Units | DE | EUR | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/06/17 23:56 |
| End of Day Share Price | 2019/06/17 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.