AllianceBernstein Holding LP (NYSE:AB) announced that preliminary assets under management increased to $466 billion during May 2014 from $457 billion at the end of April. The 2% increase was driven by market appreciation and firmwide net inflows. By channel, Institutional and Retail net flows were positive, while Private Client net flows were negative. AllianceBernstein Holding LP (NYSE:AB) net profit margin is 88.70% and weekly performance is -1.56%. On last trading day company shares ended up $25.24. Analysts mean target price for the company is $26.43. AllianceBernstein Holding LP (NYSE:AB) distance from 50-day simple moving average (SMA50) is2.51%.
On June 4, Lazard Ltd (NYSE:LAZ)has hired a senior U.K. managing director from rival Greenhill & Co., who was part of the team advising the London Stock Exchange PLC on its potential acquisition of Russell Investments. Richard Hoyle, a managing director at the London arm of U.S. investment bank Greenhill, is set to join Lazard Ltd.’s U.K. team in the autumn, according to two people familiar with the matter. Lazard Ltd (NYSE:LAZ) shares fell -0.39% in last trading session and ended the day on $51.19. LAZ Gross Margin is 91.90% and its return on assets is 7.70%. Lazard Ltd (NYSE:LAZ) quarterly performance is 11.96%.
On June 2, 2014, Eaton Vance Duration Income Fund Ltd (NYSEMKT:EVV) declared a monthly distribution of $0.1017 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is paid on June 19, 2014, to shareholders of record on June 12, 2014. The ex-dividend date is June 10, 2014. Eaton Vance Duration Income Fund Ltd (NYSEMKT:EVV) shares moved up 0.19% in last trading session and was closed at $15.56, while trading in range of $15.48 – $15.56. Eaton Vance Duration Income Fund Ltd (NYSEMKT:EVV) year to date (YTD) performance is 5.85%.
Equities researchers at Susquehanna started coverage on shares of Moelis & Co (NYSE:MC) in a research report issued on Thursday. The firm set a “neutral” rating and a $31.00 price target on the stock. Susquehanna’s target price points to a potential downside of 3.97% from the company’s current price. Moelis & Co (NYSE:MC) ended the last trading day at $34.24. Company weekly volatility is calculated as 3.49%and price to cash ratio as 6.14. Moelis & Co (NYSE:MC) showed a positive weekly performance of 5.65%.
The Board of Directors of Central Securities Corporation (NYSE MKT:CET), declared the dividend: It is estimated that of the $0.20 per share to be paid on June 24, 2014, $0.04 will be taxable as ordinary income and $0.16 will be taxable as long-term capital gain. The above information should not be used for tax purposes. After the end of the year, stockholders will be informed of the taxable status of all distributions made in 2014. Central Securities Corp. (NYSEMKT:CET) shares fell -0.25% in last trading session and ended the day on $22.84. CET return on assets is 17.20%. Central Securities Corp. (NYSEMKT:CET) quarterly performance is 4.67%.