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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Interest Coverage No Debt
AB's Interest Coverage is ranked higher than
99% of the 1048 Companies
in the Global Asset Management industry.

( Industry Median: 368.00 vs. AB: No Debt )
Ranked among companies with meaningful Interest Coverage only.
AB' s Interest Coverage Range Over the Past 10 Years
Min: No Debt  Med: No Debt Max: No Debt
Current: No Debt
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
ROE % 14.78
AB's ROE % is ranked higher than
73% of the 1134 Companies
in the Global Asset Management industry.

( Industry Median: 6.97 vs. AB: 14.78 )
Ranked among companies with meaningful ROE % only.
AB' s ROE % Range Over the Past 10 Years
Min: -5.47  Med: 11 Max: 15.47
Current: 14.78
-5.47
15.47
ROA % 14.78
AB's ROA % is ranked higher than
83% of the 1162 Companies
in the Global Asset Management industry.

( Industry Median: 3.50 vs. AB: 14.78 )
Ranked among companies with meaningful ROA % only.
AB' s ROA % Range Over the Past 10 Years
Min: -5.46  Med: 10.99 Max: 15.41
Current: 14.78
-5.46
15.41
3-Year EPS without NRI Growth Rate 6.00
AB's 3-Year EPS without NRI Growth Rate is ranked lower than
53% of the 673 Companies
in the Global Asset Management industry.

( Industry Median: 8.00 vs. AB: 6.00 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
AB' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 8.6 Max: 58.2
Current: 6
0
58.2
GuruFocus has detected 2 Warning Signs with AllianceBernstein Holding LP AB.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» AB's 30-Y Financials

Financials (Next Earnings Date: 2018-07-27)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2017

AB Guru Trades in Q2 2017

Ronald Muhlenkamp 12,050 sh (unchged)
Richard Snow Sold Out
Chuck Royce 417,400 sh (-2.68%)
Mario Gabelli 205,057 sh (-9.65%)
David Dreman 13,038 sh (-30.45%)
Jim Simons 130,700 sh (-40.41%)
» More
Q3 2017

AB Guru Trades in Q3 2017

Jim Simons 222,300 sh (+70.08%)
Chuck Royce 419,173 sh (+0.42%)
David Dreman 13,038 sh (unchged)
Ronald Muhlenkamp 12,050 sh (unchged)
Mario Gabelli 198,524 sh (-3.19%)
» More
Q4 2017

AB Guru Trades in Q4 2017

Jim Simons 386,300 sh (+73.77%)
David Dreman 13,038 sh (unchged)
Chuck Royce 404,830 sh (-3.42%)
Mario Gabelli 184,995 sh (-6.81%)
Ronald Muhlenkamp 11,150 sh (-7.47%)
» More
Q1 2018

AB Guru Trades in Q1 2018

Chuck Royce 404,830 sh (unchged)
David Dreman 13,038 sh (unchged)
Ronald Muhlenkamp Sold Out
Mario Gabelli 166,095 sh (-10.22%)
Jim Simons 273,643 sh (-29.16%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:AB

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2018-03-31 Reduce -10.22%$24.6 - $27.85 $ 29.209%166,095
Ronald Muhlenkamp 2018-03-31 Sold Out 0.08%$24.6 - $27.85 $ 29.209%0
Mario Gabelli 2017-12-31 Reduce -6.81%$24.1 - $26.3 $ 29.2016%184,995
Ronald Muhlenkamp 2017-12-31 Reduce -7.47%0.01%$24.1 - $26.3 $ 29.2016%11,150
Mario Gabelli 2017-09-30 Reduce -3.19%$23.1 - $25.1 $ 29.2021%198,524
Mario Gabelli 2017-06-30 Reduce -9.65%$20.6 - $23.6 $ 29.2030%205,057
David Dreman 2017-06-30 Reduce -30.45%0.07%$20.6 - $23.65 $ 29.2030%13,038
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Business Description

Industry: Asset Management » Asset Management    NAICS: 523930    SIC: 6282
Compare:XSWX:GAM, TSX:FIH.U, ASX:PTM, NYSE:APAM, NYSE:FII, SHSE:600643, MIL:AZM, ASX:IFL, NAS:WINS, BOM:540767, MIL:ANIM, NAS:PSEC, BSE:FP, LSE:JUP, ASX:BTT, DFM:DIC, XSWX:VZN, ASX:MLT, TSE:2337, NYSE:MAIN » details
Traded in other countries:W4M.Germany,
Headquarter Location:USA
AllianceBernstein Holding LP is engaged in the financial service sector. Its activities include investment management services and its sell-side business.

AllianceBernstein provides investment management services to institutional (48% of total assets under management), retail (35%), and private (17%) clients through a collection of products that includes mutual funds, hedge funds, and separately managed accounts. At the end of 2017, the firm had $554.5 billion in managed assets, composed primarily of fixed-income (54% of total AUM) and equity (35%) strategies. A general partnership wholly owned by French insurer AXA controls AB through a 63% ownership stake.

Ratios

vs
industry
vs
history
PE Ratio 12.50
AB's PE Ratio is ranked higher than
53% of the 864 Companies
in the Global Asset Management industry.

( Industry Median: 13.60 vs. AB: 12.50 )
Ranked among companies with meaningful PE Ratio only.
AB' s PE Ratio Range Over the Past 10 Years
Min: 0  Med: 13.71 Max: 23.96
Current: 12.5
0
23.96
Forward PE Ratio 11.71
AB's Forward PE Ratio is ranked higher than
60% of the 121 Companies
in the Global Asset Management industry.

( Industry Median: 12.18 vs. AB: 11.71 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 12.50
AB's PE Ratio without NRI is ranked higher than
54% of the 862 Companies
in the Global Asset Management industry.

( Industry Median: 13.86 vs. AB: 12.50 )
Ranked among companies with meaningful PE Ratio without NRI only.
AB' s PE Ratio without NRI Range Over the Past 10 Years
Min: 0  Med: 13.71 Max: 23.96
Current: 12.5
0
23.96
Price-to-Owner-Earnings 18.39
AB's Price-to-Owner-Earnings is ranked lower than
61% of the 364 Companies
in the Global Asset Management industry.

( Industry Median: 13.47 vs. AB: 18.39 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
AB' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 0  Med: 0 Max: 18.71
Current: 18.39
0
18.71
PB Ratio 1.81
AB's PB Ratio is ranked lower than
69% of the 1124 Companies
in the Global Asset Management industry.

( Industry Median: 1.05 vs. AB: 1.81 )
Ranked among companies with meaningful PB Ratio only.
AB' s PB Ratio Range Over the Past 10 Years
Min: 0.59  Med: 1.43 Max: 5.21
Current: 1.81
0.59
5.21
Price-to-Free-Cash-Flow 12.75
AB's Price-to-Free-Cash-Flow is ranked higher than
57% of the 309 Companies
in the Global Asset Management industry.

( Industry Median: 15.34 vs. AB: 12.75 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
AB' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0  Med: 16.69 Max: 60.15
Current: 12.75
0
60.15
Price-to-Operating-Cash-Flow 12.75
AB's Price-to-Operating-Cash-Flow is ranked higher than
51% of the 535 Companies
in the Global Asset Management industry.

( Industry Median: 13.15 vs. AB: 12.75 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
AB' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 3.14  Med: 15.59 Max: 23.31
Current: 12.75
3.14
23.31
Shiller PE Ratio 17.84
AB's Shiller PE Ratio is ranked higher than
59% of the 258 Companies
in the Global Asset Management industry.

( Industry Median: 19.53 vs. AB: 17.84 )
Ranked among companies with meaningful Shiller PE Ratio only.
AB' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.61  Med: 8.38 Max: 36.62
Current: 17.84
3.61
36.62

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 8.80
AB's Dividend Yield % is ranked higher than
87% of the 1118 Companies
in the Global Asset Management industry.

( Industry Median: 3.61 vs. AB: 8.80 )
Ranked among companies with meaningful Dividend Yield % only.
AB' s Dividend Yield % Range Over the Past 10 Years
Min: 3.89  Med: 6.13 Max: 32.09
Current: 8.8
3.89
32.09
Dividend Payout Ratio 0.99
AB's Dividend Payout Ratio is ranked lower than
77% of the 640 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. AB: 0.99 )
Ranked among companies with meaningful Dividend Payout Ratio only.
AB' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.61  Med: 1.03 Max: 1.86
Current: 0.99
0.61
1.86
3-Year Dividend Growth Rate 4.10
AB's 3-Year Dividend Growth Rate is ranked higher than
51% of the 393 Companies
in the Global Asset Management industry.

( Industry Median: 3.70 vs. AB: 4.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
AB' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -31.8  Med: 8.35 Max: 58.6
Current: 4.1
-31.8
58.6
Forward Dividend Yield % 8.73
AB's Forward Dividend Yield % is ranked higher than
93% of the 1046 Companies
in the Global Asset Management industry.

( Industry Median: 4.02 vs. AB: 8.73 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 14.63
AB's 5-Year Yield-on-Cost % is ranked higher than
87% of the 1387 Companies
in the Global Asset Management industry.

( Industry Median: 4.29 vs. AB: 14.63 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
AB' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 6.47  Med: 10.19 Max: 53.35
Current: 14.63
6.47
53.35
3-Year Average Share Buyback Ratio 1.40
AB's 3-Year Average Share Buyback Ratio is ranked higher than
77% of the 628 Companies
in the Global Asset Management industry.

( Industry Median: -1.50 vs. AB: 1.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AB' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -12.7  Med: -1.9 Max: 24.5
Current: 1.4
-12.7
24.5

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.83
AB's Price-to-Tangible-Book is ranked lower than
67% of the 1064 Companies
in the Global Asset Management industry.

( Industry Median: 1.08 vs. AB: 1.83 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
AB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.81  Med: 2.84 Max: 16.72
Current: 1.83
0.81
16.72
Price-to-Intrinsic-Value-Projected-FCF 0.97
AB's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
67% of the 306 Companies
in the Global Asset Management industry.

( Industry Median: 1.16 vs. AB: 0.97 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
AB' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.52  Med: 1.12 Max: 4.79
Current: 0.97
0.52
4.79
Price-to-Graham-Number 1.01
AB's Price-to-Graham-Number is ranked lower than
52% of the 635 Companies
in the Global Asset Management industry.

( Industry Median: 0.91 vs. AB: 1.01 )
Ranked among companies with meaningful Price-to-Graham-Number only.
AB' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52  Med: 1.57 Max: 4.34
Current: 1.01
0.52
4.34

More Statistics

EPS (TTM) $ 2.33
Beta1.16
Volatility12.70%
52-Week Range $22.55 - 29.80
Shares Outstanding (Mil)97.54

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 3,434 3,518 3,780
EBIT (Mil $) 708 718
EBITDA (Mil $) 771 763
EPS ($) 2.53 2.57 2.75
EPS without NRI ($) 2.53 2.57 2.75
EPS Growth Rate
(Future 3Y To 5Y Estimate)
3.87%
Dividends per Share ($) 2.51 2.56 2.75

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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