AllianceBernstein: The Bull Case Remains Compelling

Blue Chip Portfolios
1.81K Followers
(10min)

Summary

  • Shares of AllianceBernstein Holding L.P. have delivered a 28% total return since my Buy recommendation on December 20, 2023.
  • The strong returns have been driven by solid earnings momentum due to margin expansion.
  • AB recently raised its dividend and the stock now offers an 8% dividend, which is attractive relative to other high-yield equities.
  • I view AB as undervalued relative to my estimate of intrinsic value and reasonably valued relative to peers.
  • I am reiterating my Buy rating on AB.

AllianceBernstein (<span class='ticker-hover-wrapper'>NYSE:<a href='https://seekingalpha.com/symbol/AB' title='AllianceBernstein Holding L.P. Limited Partnership Units'>AB</a></span>) office in New York City, USA.

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Shares of AllianceBernstein Holding L.P. (AB) have delivered a total return of 28% since my initial Buy recommendation, AllianceBernstein: 6 Reasons To Consider Buying, was published on December 20, 2023.

The strong returns delivered by AB shares has

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1.81K Followers
Blue Chip Portfolios is an investment publication company focused on delivering investing insights on single stocks, ETFs, and CEFs. Blue Chip Portfolios is also the publisher of the Blue Chip Portfolio's Newsletter on Beehiiv

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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