NYSE:AB - AllianceBernstein Stock Price, Forecast & News

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

AllianceBernstein declared a quarterly dividend on Thursday, October 24th. Investors of record on Monday, November 4th will be paid a dividend of $0.63 per share on Thursday, November 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from AllianceBernstein's previous quarterly dividend of $0.56. View AllianceBernstein's Dividend History.

AllianceBernstein Holding LP (NYSE:AB) released its earnings results on Thursday, October, 24th. The asset manager reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The asset manager earned $877.87 million during the quarter, compared to analysts' expectations of $880.27 million. AllianceBernstein had a net margin of 6.55% and a return on equity of 15.18%. The business's revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. View AllianceBernstein's Earnings History.

AllianceBernstein is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for AllianceBernstein.

2 Wall Street analysts have issued twelve-month target prices for AllianceBernstein's shares. Their forecasts range from $33.00 to $35.00. On average, they anticipate AllianceBernstein's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price. View Analyst Price Targets for AllianceBernstein.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for AllianceBernstein.

Headlines about AB stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. AllianceBernstein earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for AllianceBernstein.

AllianceBernstein saw a increase in short interest in November. As of November 15th, there was short interest totalling 970,100 shares, an increase of 14.0% from the October 31st total of 850,800 shares. Based on an average daily trading volume, of 237,800 shares, the short-interest ratio is presently 4.1 days. Currently, 1.1% of the company's stock are sold short. View AllianceBernstein's Current Options Chain.

Some companies that are related to AllianceBernstein include Apollo Global Management (APO), Oaktree Capital Group LLC Unit (OAK), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Lazard (LAZ), Affiliated Managers Group (AMG), Ares Management (ARES), The Carlyle Group (CG), Federated Investors (FII), Legg Mason (LM), Houlihan Lokey (HLI), Cohen & Steers (CNS) and Evercore (EVR).

Based on aggregate information from My MarketBeat watchlists, some companies that other AllianceBernstein investors own include Bank of America (BAC), AT&T (T), Intelsat (I), Apollo Global Management (APO), Fossil Group (FOSL), Micron Technology (MU), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC) and Energy Transfer LP Unit (ET).

AllianceBernstein's stock is owned by a number of of institutional and retail investors. Top institutional investors include Foundry Partners LLC (0.69%), Philadelphia Financial Management of San Francisco LLC (0.25%), Stifel Financial Corp (0.24%), California Public Employees Retirement System (0.23%), D.A. Davidson & CO. (0.12%) and Gamco Investors INC. ET AL (0.11%). Company insiders that own AllianceBernstein stock include Axa Equitable Holdings, Inc, James A Gingrich, John C Weisenseel, Kate C Burke and Laurence E Cranch. View Institutional Ownership Trends for AllianceBernstein.

AB stock was sold by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Cetera Advisors LLC, Commonwealth Equity Services LLC, Flagship Harbor Advisors LLC, Old North State Trust LLC, Meritage Portfolio Management, Endurance Wealth Management Inc. and Sigma Planning Corp. Company insiders that have sold AllianceBernstein company stock in the last year include James A Gingrich, John C Weisenseel, Kate C Burke and Laurence E Cranch. View Insider Buying and Selling for AllianceBernstein.

AB stock was bought by a variety of institutional investors in the last quarter, including Philadelphia Financial Management of San Francisco LLC, Barclays PLC, Foundry Partners LLC, California Public Employees Retirement System, Oppenheimer & Co. Inc., Resources Management Corp CT ADV, Sunbelt Securities Inc. and Sicart Associates LLC. View Insider Buying and Selling for AllianceBernstein.

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

One share of AB stock can currently be purchased for approximately $29.32.

AllianceBernstein has a market capitalization of $2.81 billion and generates $3.37 billion in revenue each year. The asset manager earns $242.39 million in net income (profit) each year or $2.67 on an earnings per share basis. AllianceBernstein employs 3,641 workers across the globe.View Additional Information About AllianceBernstein.

The official website for AllianceBernstein is http://www.abglobal.com/.

AllianceBernstein's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The asset manager can be reached via phone at 212-969-1000 or via email at [email protected]