AllianceBernstein (AB) Projected to Post Quarterly Earnings on Thursday

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

AllianceBernstein (NYSE:AB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The asset manager reported $0.80 earnings per share 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 the consensus estimate of $859.36 million. AllianceBernstein had a net margin of 9.44% and a return on equity of 18.27%. The firm's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. 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 0.6%

Shares of NYSE:AB traded up $0.25 during midday trading on Thursday, reaching $41.14. The company had a trading volume of 166,827 shares, compared to its average volume of 437,825. The company's 50 day moving average price is $40.40 and its 200 day moving average price is $38.59. The stock has a market cap of $4.55 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.60 and a beta of 0.82. AllianceBernstein has a 52-week low of $30.57 and a 52-week high of $41.99.

AllianceBernstein Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend was Monday, May 5th. AllianceBernstein's dividend payout ratio (DPR) is currently 86.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AB. TD Cowen cut their price target on shares of AllianceBernstein from $37.50 to $34.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Sanford C. Bernstein reaffirmed a "mixed" rating on shares of AllianceBernstein in a report on Wednesday. Bank of America downgraded shares of AllianceBernstein from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $42.00 to $38.00 in a report on Thursday, April 3rd. Evercore ISI dropped their price objective on shares of AllianceBernstein from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Barclays upped their price objective on shares of AllianceBernstein from $37.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $38.00.

Insider Activity

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

Institutional Investors Weigh In On AllianceBernstein

A hedge fund recently raised its stake in AllianceBernstein stock. Goldman Sachs Group Inc. increased its stake in AllianceBernstein Holding L.P. (NYSE:AB - Free Report) by 51.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 916,574 shares of the asset manager's stock after purchasing an additional 312,878 shares during the period. Goldman Sachs Group Inc. owned approximately 0.83% of AllianceBernstein worth $35,114,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.