AllianceBernstein (AB) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AB shares.
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4 Wall Street research analysts have issued 1 year target prices for AllianceBernstein's stock. Their AB share price forecasts range from $38.00 to $47.00. On average, they anticipate the company's stock price to reach $42.38 in the next year. This suggests a possible upside of 39.6% from the stock's current price.
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AllianceBernstein's stock was trading at $34.37 at the beginning of the year. Since then, AB shares have decreased by 11.7% and is now trading at $30.35.
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AllianceBernstein saw a increase in short interest in September. As of September 15th, there was short interest totaling 789,000 shares, an increase of 6.6% from the August 31st total of 740,300 shares. Based on an average daily volume of 317,500 shares, the days-to-cover ratio is currently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our AB earnings forecast.

AllianceBernstein Holding L.P. (NYSE:AB) announced its earnings results on Friday, July, 28th. The asset manager reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.05. The asset manager earned $1.01 billion during the quarter, compared to analysts' expectations of $843.41 million. AllianceBernstein had a trailing twelve-month return on equity of 14.70% and a net margin of 6.19%. The business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS.

AllianceBernstein declared a quarterly dividend on Thursday, July 27th. Investors of record on Monday, August 7th will be given a dividend of $0.61 per share on Thursday, August 17th. This represents a $2.44 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date is Friday, August 4th.
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).RiverFront Dynamic US Dividend Advantage ETF (RFDA).

AllianceBernstein (NYSE:AB) pays an annual dividend of $2.44 per share and currently has a dividend yield of 8.04%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 107.49%. 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 79.48% 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."

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 $30.35.

AllianceBernstein (NYSE:AB) has a market capitalization of $3.45 billion and generates $4.05 billion in revenue each year. The asset manager earns $274.17 million in net income (profit) each year or $2.27 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.