AllianceBernstein (AB) Projected to Post Earnings on Thursday

AllianceBernstein (NYSE:AB - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $853.64 million for the quarter.

AllianceBernstein (NYSE:AB - Get Free Report) last announced its earnings results on Thursday, April 24th. The asset manager reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.02. The company had revenue of $838.21 million for the quarter, compared to analyst estimates of $859.36 million. AllianceBernstein had a return on equity of 18.27% and a net margin of 9.44%. AllianceBernstein's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. On average, analysts expect AllianceBernstein to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AllianceBernstein Trading Up 0.7%

Shares of AllianceBernstein stock traded up $0.29 on Friday, reaching $41.23. 162,240 shares of the company were exchanged, compared to its average volume of 438,266. The stock has a fifty day moving average price of $40.41 and a 200-day moving average price of $38.64. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. AllianceBernstein has a fifty-two week low of $30.57 and a fifty-two week high of $41.99.

AllianceBernstein Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 5th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend was Monday, May 5th. AllianceBernstein's dividend payout ratio (DPR) is presently 86.02%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AB shares. Wall Street Zen raised shares of AllianceBernstein from a "sell" rating to a "hold" rating in a research note on Saturday, May 10th. Bank of America downgraded shares of AllianceBernstein from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $42.00 to $38.00 in a research note on Thursday, April 3rd. Barclays upped their price target on shares of AllianceBernstein from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Sanford C. Bernstein reaffirmed a "mixed" rating on shares of AllianceBernstein in a research note on Wednesday. Finally, TD Cowen lowered their target price on shares of AllianceBernstein from $37.50 to $34.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, AllianceBernstein has an average rating of "Hold" and a consensus price target of $38.00.

Insider Activity

In related news, Director Daniel G. Kaye sold 4,825 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $40.80, for a total transaction of $196,860.00. Following the sale, the director owned 39,877 shares in the company, valued at approximately $1,626,981.60. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles G.T. Stonehill sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $41.18, for a total transaction of $205,900.00. Following the completion of the sale, the director owned 20,923 shares in the company, valued at $861,609.14. This represents a 19.29% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AllianceBernstein stock. Focus Partners Wealth increased its position in shares of AllianceBernstein Holding L.P. (NYSE:AB - Free Report) by 43.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,375 shares of the asset manager's stock after acquiring an additional 8,304 shares during the period. Focus Partners Wealth's holdings in AllianceBernstein were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 19.25% of the company's stock.

About AllianceBernstein

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities.