TD Cowen Maintains Buy on AllianceBernstein Holding, Lowers Price Target to $37
$AB
Investment Managers
Finance
TD Cowen analyst Bill Katz maintains AllianceBernstein Holding (NYSE:AB) with a Buy and lowers the price target from $39 to $37.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/27/2024 | $35.00 | Equal Weight | Barclays |
| 1/4/2024 | $36.00 | Outperform | TD Cowen |
| 10/3/2023 | $40.79 → $36.75 | Neutral → Buy | Goldman |
| 9/5/2023 | $36.00 → $47.00 | Neutral → Buy | BofA Securities |
| 2/13/2023 | $32.00 → $43.50 | Neutral → Outperform | Credit Suisse |
| 10/19/2022 | $28.00 | Neutral | Credit Suisse |
| 9/7/2022 | $45.00 | Neutral | BofA Securities |
| 1/12/2022 | $62.00 → $64.50 | Buy | Citigroup |
Barclays initiated coverage of AllianceBernstein with a rating of Equal Weight and set a new price target of $35.00
TD Cowen initiated coverage of AllianceBernstein with a rating of Outperform and set a new price target of $36.00
Goldman upgraded AllianceBernstein from Neutral to Buy and set a new price target of $36.75 from $40.80 previously
Innovative portfolios combining individual stocks and bonds in one holistic tax-managed SMA NASHVILLE, Tenn., Nov. 19, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE:AB), a leading global investment management firm, has launched the AB Tax Advantaged Balanced Direct Index portfolio, combining equities and municipal bonds into a core separately managed account. AB will provide a multi-asset solution within a single account — custom tailored to client tax situation and risk preferences — to deliver benefits to investors. This includes automated tax loss harvesting across both stocks and bonds in addition to AB Intelligent Rebalancing, which seeks to reduce the tax costs associated w
NASHVILLE, Tenn., Nov. 13, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE:AB), a leading global investment management firm, today announced plans to expand its insurance business through a non-exclusive partnership with Reinsurance Group of America, Incorporated ("RGA") (NYSE:RGA). AB has been named as one of the lead investors in Ruby Reinsurance Company ("Ruby Re"), a reinsurance sidecar vehicle sponsored by RGA and focused on the U.S. asset-intensive market. As part of this transaction, AB intends to manage private alternative assets for RGA's general account. AB's investment in Ruby Re represents a significant milestone in the firm's continued goal of leadership within insuran
Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, announced today that Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital. The second round includes capital commitments from AllianceBernstein L.P. (AB) (NYSE:AB), EnTrust Global, and Enstar Group, among others, with AB appointing a member to the Ruby Re Board of Directors. Combined with the initial investments from Golub Capital, Hudson Structured Capital Management Ltd. (doing its re/insurance business as HSCM Bermuda), and Sammons Financial Group, Ruby Re'
8-K - ALLIANCEBERNSTEIN HOLDING L.P. (0000825313) (Filer)
8-K - ALLIANCEBERNSTEIN HOLDING L.P. (0000825313) (Filer)
10-Q - ALLIANCEBERNSTEIN HOLDING L.P. (0000825313) (Filer)
4 - ALLIANCEBERNSTEIN HOLDING L.P. (0000825313) (Issuer)
4 - ALLIANCEBERNSTEIN HOLDING L.P. (0000825313) (Issuer)
4 - ALLIANCEBERNSTEIN HOLDING L.P. (0000825313) (Issuer)
TD Cowen analyst Bill Katz maintains AllianceBernstein Holding (NYSE:AB) with a Buy and lowers the price target from $39 to $37.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Pure Storage, Inc. (NYSE:PSTG), adding that it is a “fabulous” company. Pure Storage is expected to host a conference call on Wednesday, May 29 to discuss its financial results for the first quarter fiscal year 2025. “Anything connected with EVs right now is a no go,” Cramer said when asked about Albemarle Corporation (NYSE:ALB). On May 1, Albemarle reported mixed results for the first quarter. When asked about AeroVironment, Inc. (NASDAQ:AVAV), he said, “We've been behind AeroVironment forever, and the reason is that they make drones that are much less expensive than the other stuff the military buys.” On March 4
TD Cowen analyst Bill Katz maintains AllianceBernstein Holding (NYSE:AB) with a Buy and lowers the price target from $40 to $39.
NASHVILLE, Tenn., May 15, 2024 /PRNewswire/ -- AllianceBernstein L.P. (NYSE:AB), a leading global investment firm with $737 billion in assets under management, today announced that Bruce Holley has joined the firm's Board of Directors as an independent member. Mr. Holley's appointment is effective as of today, and he will sit on the Audit and Risk Committee. "As an accomplished financial services leader with 30 years of industry experience, we are pleased to add Bruce to our Board," said AB's President and CEO Seth Bernstein. "Bruce's extensive knowledge of the wealth and asset management industry, combined with his proven leadership, will help advance our firm forward." Mr. Holley is a Man
Firm introduces plans to expand existing team and services catering to UHNW clientele NEW YORK, Jan. 29, 2024 /PRNewswire/ -- Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P. (NYSE:AB), today announced the expansion of its Ultrahigh-Net-Worth (UHNW) Platform with an offering designed to help clients navigate the growing complexities of wealth and build a multigenerational legacy. Bernstein's UHNW Platform currently serves more than 1,290 individuals and families with an average client tenure of 12 years and more than $37.9 billion in total assets. With the renewed focus and expansion, the firm will continue to grow this client base by introducing bespoke sol
Leading research analyst joins from AllianceBernstein subsidiary Autonomous Research Equitable Holdings, Inc. (NYSE:EQH) today announced the appointment of Erik Bass as Head of Investor Relations, effective immediately. Bass will report to Robin M. Raju, Chief Financial Officer for Equitable Holdings, and serve on the company's Operating Committee. In this role, Bass will be responsible for communicating the company's strategy and financial performance as well as maintaining and expanding relationships with the investor and analyst communities. Bass joins the company after his seven-year tenure with AllianceBernstein's sell-side research subsidiary, Autonomous Research, where he served
GAAP Diluted Net Income of $1.12 per Unit Adjusted Diluted Net Income of $0.77 per Unit Cash Distribution of $0.77 per Unit NASHVILLE, Tenn., Oct. 24, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE:AB) today reported financial and operating results for the quarter ended September 30, 2024. "AB's relentless commitment to delivering better investment outcomes continues to resonate with our clients globally," said Seth Bernstein, President and CEO of AllianceBernstein. "We registered our third consecutive quarter of organic gains while reaching approximately $806 billion in assets under management, buoyed by strong Equity and Fixed In
NASHVILLE, Tenn., Oct. 10, 2024 /PRNewswire/ -- AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE:AB) today announced that Third Quarter 2024 financial and operating results will be released before the market opens on Thursday, October 24, 2024. Management will conduct a teleconference beginning at 9:00 am (CT), to discuss the results. The call will be hosted by Seth Bernstein, President and Chief Executive Officer; Jackie Marks, Chief Financial Officer; Onur Erzan, Head of Global Client Group and Private Wealth; and Matthew Bass, Head of Private Alternatives. Parties may access the conference call by either webcast or telephone: To listen by webcast, please visit AB's Investo
GAAP Diluted Net Income of $0.99 per UnitAdjusted Diluted Net Income of $0.71 per UnitCash Distribution of $0.71 per Unit NASHVILLE, Tenn., July 26, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE:AB) today reported financial and operating results for the quarter ended June 30, 2024. "AB performed well in the second quarter, as global equity markets continued their solid gains," said Seth P. Bernstein, President and CEO of AllianceBernstein. "AB posted active net inflows of $1.3 billion, or 1% active organic growth, despite continued active equity outflows. Our retail channel grew by 4% annualized organically, driven by strong growt