AllianceBernstein (AB) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AB, but not buy additional shares or sell existing shares.
View AB analyst ratings or view top-rated stocks.

5 brokerages have issued 12 month price objectives for AllianceBernstein's stock. Their AB share price forecasts range from $38.00 to $45.00. On average, they predict the company's share price to reach $42.50 in the next year. This suggests a possible upside of 22.2% from the stock's current price.
View analysts price targets for AB or view top-rated stocks among Wall Street analysts.

AllianceBernstein's stock was trading at $34.37 at the start of the year. Since then, AB shares have increased by 1.2% and is now trading at $34.78.
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AllianceBernstein saw a increase in short interest in May. As of May 15th, there was short interest totaling 622,500 shares, an increase of 8.3% from the April 30th total of 575,000 shares. Based on an average daily trading volume, of 282,900 shares, the days-to-cover ratio is currently 2.2 days.
View AllianceBernstein's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our AB earnings forecast.

AllianceBernstein Holding L.P. (NYSE:AB) announced its quarterly earnings results on Thursday, April, 27th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The asset manager had revenue of $832.60 million for the quarter, compared to analyst estimates of $891.82 million. AllianceBernstein had a trailing twelve-month return on equity of 15.96% and a net margin of 6.44%. The company's quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS.

AllianceBernstein announced a quarterly dividend on Wednesday, April 26th. Shareholders of record on Monday, May 8th will be given a dividend of $0.66 per share on Thursday, May 25th. This represents a $2.64 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for AB.

ETFs with the largest weight of AllianceBernstein (NYSE:AB) stock in their portfolio include InfraCap Equity Income Fund ETF (ICAP) and RiverFront Dynamic US Dividend Advantage ETF (RFDA).Distillate Small/Mid Cash Flow ETF (DSMC).

AllianceBernstein (NYSE:AB) pays an annual dividend of $2.64 per share and currently has a dividend yield of 7.69%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 108.64%. 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 85.71% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AB.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AB."

AllianceBernstein's stock is owned by a variety of retail and institutional investors. Top institutional investors include American Century Companies Inc. (1.60%), JPMorgan Chase & Co. (1.18%), Bank of America Corp DE (0.82%), UBS Group AG (0.64%), CIBC Private Wealth Group LLC (0.43%) and Citigroup Inc. (0.34%). Insiders that own company stock include Charles GT Stonehill, Karl Sprules, Kate C Burke, Laurence E Cranch 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AB stock can currently be purchased for approximately $34.78.

AllianceBernstein (NYSE:AB) has a market capitalization of $3.95 billion and generates $287.53 million in revenue each year. The asset manager earns $274.17 million in net income (profit) each year or $2.43 on an earnings per share basis.

The company employs 4,436 workers across the globe.

AllianceBernstein's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The official website for the company is www.abglobal.com. The asset manager can be reached via phone at (615) 622-0000, via email at mark.griffin@alliancebernstein.com, or via fax at 212-969-2293.