The financial services sector includes nineteen industries all related to managing money. Industries include: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.
Today I’m reviewing another asset management firm named AllianceBernstein Holding L.P. It’s trading ticker symbol is AB.Â
AB provides investment research and management services and invests in global markets based on its proprietary research.
A publicly owned investment manager, AllianceBernstein Holding L.P. was founded in 1987 and is based in New York, NY.
I use three primary keys to measure dividend yielding funds or equities like AllianceBernstein Holding L.P. (AB):Â
(1) Price
(2) Dividends
(3) Returns
After those three, I’ll use four more keys to unlock an equity or fund in which to invest.
The first three keys, however, best test whether a company or fund has made, is making, and will make money.Â
AB Price
AB’s price at yesterday’s market close was $24.60 per share. The firm has provided both income and price appreciation for investors. A year ago its price was $23.40. Meaning it’s price is up $1.20 in the past year.Â
If AB does the same in the coming year its price will increase from that $24.60 to $25.80 per share or about 5%.
AB Dividends
AB’s most recent quarterly dividend was $0.51 per share declared October 26 and paid out November 16th. Â
The annual dividend projected for 2018 is estimated at $2.04 per share payable quarterly at a variable range from $0.40Â to $0.67 per quarter in March, May, August, and November.
The yield from that $2.04 annual dividend would be 8.3% at yesterday’s $24.60 price.
Gains For AB?
AB’s $2.04 estimated annual dividend added to its $1.20 year-over-year possible price gain, projects a $2.24 gross upside for the coming year. But there will be a brokerage cost to subtract.Â
