|Bid||20.20 x 800|
|Ask||20.21 x 800|
|Day's Range||20.15 - 20.45|
|52 Week Range||9.89 - 27.30|
|Beta (5Y Monthly)||1.75|
|PE Ratio (TTM)||249.14|
|Earnings Date||Nov 04, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||0.68 (3.36%)|
|Ex-Dividend Date||Aug 10, 2020|
|1y Target Est||26.22|
One of the hottest in the industry should be AllianceBernstein. “This is a unique company in the asset management industry,” says Alexander Blostein, an analyst at Goldman Sachs. The partnership units, now around $30, trade inexpensively at 11 times projected 2020 earnings of $2.67 a unit and 10 times estimated 2021 profits of $3.01.
A wave of consolidation is likely as firms come under pressure to cut fees, trim expenses, and boost investment performance
AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that Third Quarter 2020 financial and operating results will be released on Thursday, October 22, 2020. Management will conduct a teleconference call beginning at 8:00 am (EDT), following the release of its financial results. The call will be hosted by Seth P. Bernstein, President & Chief Executive Officer, John C. Weisenseel, Chief Financial Officer, Kate Burke, Chief Operating Officer, and Ali Dibadj, Head of Finance & Strategy.