AllianceBernstein (AB) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AB shares.
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4 brokers have issued 12 month price objectives for AllianceBernstein's shares. Their AB share price targets range from $36.75 to $47.00. On average, they expect the company's share price to reach $40.44 in the next year. This suggests a possible upside of 24.3% from the stock's current price.
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AllianceBernstein's stock was trading at $31.03 at the beginning of 2024. Since then, AB stock has increased by 4.9% and is now trading at $32.5450.
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AllianceBernstein saw a decline in short interest in March. As of March 15th, there was short interest totaling 1,040,000 shares, a decline of 5.5% from the February 29th total of 1,100,000 shares. Based on an average daily volume of 352,200 shares, the days-to-cover ratio is currently 3.0 days.
View AllianceBernstein's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our AB earnings forecast.

AllianceBernstein will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

AllianceBernstein Holding L.P. (NYSE:AB) issued its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The asset manager earned $1.09 billion during the quarter, compared to the consensus estimate of $857.85 million. AllianceBernstein had a trailing twelve-month return on equity of 14.88% and a net margin of 6.36%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share.

AllianceBernstein declared a quarterly dividend on Tuesday, February 6th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.77 per share on Thursday, March 14th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date is Friday, February 16th. This is a boost from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for AB.

AllianceBernstein (NYSE:AB) pays an annual dividend of $3.08 per share and currently has a dividend yield of 9.29%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 132.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AB will have a dividend payout ratio of 87.50% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AB.

InfraCap Equity Income Fund ETF holds 37,302 shares of AB stock, representing 2.42% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other AllianceBernstein investors own include AT&T (T), Bank of America (BAC), Apollo Global Management (APO), Intelsat (I), Enterprise Products Partners (EPD), Energy Transfer (ET), Micron Technology (MU), Fossil Group (FOSL), AbbVie (ABBV) and Altria Group (MO).

AllianceBernstein's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.15%), KMG Fiduciary Partners LLC (0.04%) and Mather Group LLC. (0.00%). Insiders that own company stock include Charles GT Stonehill, Karl Sprules, Kate C Burke and Mark R Manley.
View institutional ownership trends.

Shares of AB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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