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AB

AllianceBernstein

$23.05

0.2 (0.88%)

16:11
01/11/17
01/11
16:11
01/11/17
16:11

AllianceBernstein reports preliminary AUM up 0.4% to $480B at December 31, 2016

AllianceBernstein reported preliminary assets under management increased to $480B during December 2016 from $478B at the end of November. The 0.4% increase was driven by market appreciation, which offset firmwide net outflows and the negative impact of currency fluctuations. By channel, outflows from Retail and Private Wealth more than offset net inflows to Institutions.

AB AllianceBernstein
$23.05

0.2 (0.88%)

03/15/16
BOFA
03/15/16
UPGRADE
BOFA
Buy
AllianceBernstein upgraded to Buy from Neutral at BofA/Merrill
03/15/16
BOFA
03/15/16
UPGRADE
Target $24
BOFA
Buy
AllianceBernstein upgraded to Buy on valuation, flows at BofA/Merrill
As previously reported, BofA/Merrill upgraded AllianceBernstein to Buy from Neutral and raised its price target to $24 from $21. Analyst Adam Beatty is more constructive on shares given discounted valuation, relatively strong organic growth, and healthy flows.
11/22/16
SBSH
11/22/16
DOWNGRADE
Target $24
SBSH
Neutral
AllianceBernstein downgraded to Neutral from Buy at Citi
Citi analyst William Katz downgraded AllianceBernstein (AB) to Neutral saying the recent rally in shares "tempers residual upside" while its MLP structure limits potential tax-related earnings accretion. The analyst keeps a $24 price target for the shares. Katz this morning also upgraded Charles Schwab (SCHW) to Buy.
12/16/16
BOFA
12/16/16
DOWNGRADE
Target $22
BOFA
Underperform
AllianceBernstein downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Michael Carrier downgraded AllianceBernstein two notches to Underperform and lowered its price target to $22 from $25. The analyst does not expect the company to benefit from U.S. tax reform given its structure and expects a rotation out of fixed income to impact organic growth.

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