Fintel reports that on October 3, 2023, Goldman Sachs upgraded their outlook for AllianceBernstein Holding Lp - Unit (NYSE:AB) from Neutral to Buy .
Analyst Price Forecast Suggests 23.18% Upside
As of August 31, 2023, the average one-year price target for AllianceBernstein Holding Lp - Unit is 37.10. The forecasts range from a low of 32.32 to a high of $43.58. The average price target represents an increase of 23.18% from its latest reported closing price of 30.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AllianceBernstein Holding Lp - Unit is 3,467MM. The projected annual non-GAAP EPS is 2.71.
What is the Fund Sentiment?
There are 259 funds or institutions reporting positions in AllianceBernstein Holding Lp - Unit. This is a decrease of 28 owner(s) or 9.76% in the last quarter. Average portfolio weight of all funds dedicated to AB is 0.13%, a decrease of 7.86%. Total shares owned by institutions increased in the last three months by 5.22% to 17,427K shares. 
The put/call ratio of AB is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
American Century Companies holds 1,874K shares representing 1.65% ownership of the company. In it's prior filing, the firm reported owning 1,816K shares, representing an increase of 3.08%. The firm decreased its portfolio allocation in AB by 11.67% over the last quarter.
TWEIX - Equity Income Fund Investor Class holds 1,539K shares representing 1.35% ownership of the company. In it's prior filing, the firm reported owning 1,491K shares, representing an increase of 3.09%. The firm decreased its portfolio allocation in AB by 5.85% over the last quarter.
Jpmorgan Chase holds 1,509K shares representing 1.33% ownership of the company. In it's prior filing, the firm reported owning 1,340K shares, representing an increase of 11.18%. The firm increased its portfolio allocation in AB by 603.56% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,238K shares representing 1.09% ownership of the company. No change in the last quarter.
UBS Group holds 733K shares representing 0.65% ownership of the company. In it's prior filing, the firm reported owning 727K shares, representing an increase of 0.84%. The firm increased its portfolio allocation in AB by 3.24% over the last quarter.
AllianceBernstein Holding Background Information
(This description is provided by the company.)
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. The firm has $688 billion in client assets under management, as of February 28, 2021.
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