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NYSE:AB

AllianceBernstein - AB Stock Forecast, Price & News

$43.33
-0.89 (-2.01%)
(As of 08/9/2022 05:46 PM ET)
Add
Compare
Today's Range
$43.03
$44.20
50-Day Range
$39.91
$45.27
52-Week Range
$35.20
$57.54
Volume
232,590 shs
Average Volume
391,547 shs
Market Capitalization
$4.21 billion
P/E Ratio
11.65
Dividend Yield
6.42%
Price Target
$64.50

AllianceBernstein MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.9% Upside
$64.50 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.07mentions of AllianceBernstein in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$251,754 Sold Last Quarter
Proj. Earnings Growth
-1.75%
From $2.85 to $2.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Finance Sector

378th out of 885 stocks

Investment Advice Industry

25th out of 48 stocks

AB stock logo

About AllianceBernstein (NYSE:AB) Stock

AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations, and other business entities. The firm invests in public equity, fixed income, and alternative investment markets across the globe. It employs long/short strategy to make its investments. The firm conducts in-house research to make its investments. AllianceBernstein Holding L.P. was founded in 1987 and is based in New York, New York.

AllianceBernstein Trading Up 0.5 %

AB Stock opened at $44.22 on Tuesday. The firm has a market cap of $4.40 billion, a P/E ratio of 11.89 and a beta of 1.30. AllianceBernstein has a 1-year low of $35.20 and a 1-year high of $57.54. The business's 50 day moving average is $42.12 and its 200-day moving average is $43.35.

AllianceBernstein (NYSE:AB - Get Rating) last released its quarterly earnings results on Friday, July 29th. The asset manager reported $0.71 EPS for the quarter, hitting analysts' consensus estimates of $0.71. The business had revenue of $971.40 million for the quarter. AllianceBernstein had a return on equity of 24.10% and a net margin of 8.30%. The firm's revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. Sell-side analysts forecast that AllianceBernstein will post 2.85 EPS for the current year.

AllianceBernstein Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, August 8th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, August 5th. This represents a $2.84 dividend on an annualized basis and a yield of 6.42%. AllianceBernstein's dividend payout ratio (DPR) is presently 96.77%.

Insider Buying and Selling

In related news, insider Mark R. Manley sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $38.98, for a total transaction of $194,900.00. Following the sale, the insider now directly owns 44,334 shares in the company, valued at approximately $1,728,139.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other AllianceBernstein news, insider Mark R. Manley sold 5,000 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $38.98, for a total value of $194,900.00. Following the transaction, the insider now directly owns 44,334 shares in the company, valued at approximately $1,728,139.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles G.T. Stonehill sold 1,400 shares of the stock in a transaction on Monday, June 13th. The shares were sold at an average price of $40.61, for a total value of $56,854.00. Following the completion of the transaction, the director now owns 19,914 shares in the company, valued at $808,707.54. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

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AB Stock News Headlines

AllianceBernstein 2021 Responsibility Report
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AB Company Calendar

Ex-Dividend for 5/26 Dividend
5/06/2022
Dividend Payable
5/26/2022
Last Earnings
7/29/2022
Ex-Dividend for 8/18 Dividend
8/05/2022
Today
8/09/2022
Dividend Payable
8/18/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
N/A
Sector
Finance
Employees
4,118
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$64.50
High Stock Price Forecast
$64.50
Low Stock Price Forecast
$64.50
Forecasted Upside/Downside
+48.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$385.84 million
Pretax Margin
9.01%

Debt

Sales & Book Value

Annual Sales
$4.44 billion
Cash Flow
$3.84 per share
Book Value
$16.33 per share

Miscellaneous

Free Float
94,641,000
Market Cap
$4.21 billion
Optionable
Optionable
Beta
1.30

Key Executives

  • Mr. Seth Perry Bernstein (Age 61)
    CEO, Pres & Director
    Comp: $6.22M
  • Ms. Catherine Cooney Burke (Age 50)
    COO & Head of Private Wealth
    Comp: $2.69M
  • Mr. Karl Sprules (Age 48)
    Head of Global Technology & Operations
    Comp: $2.17M
  • Mr. William R. Siemers (Age 61)
    Controller, Chief Accounting Officer & Interim CFO
  • Mr. Mark C. Griffin CFA
    Head of Investor Relations
  • Mr. Mark Randall Manley J.D. (Age 59)
    Sr. VP, Gen. Counsel & Global Head of Compliance
  • Mr. John Meyers
    Director of Corp. Communications
  • Steven Eisenberg
    COO for Global Client Group and Head of Marketing & Client Service
  • Mr. Thomas S. Hexner (Age 65)
    Exec. VP and Head of Bernstein Gwm
  • Ms. Sharon E. Fay C.F.A. (Age 61)
    CFA, Chief Responsibility Officer













AB Stock - Frequently Asked Questions

Should I buy or sell AllianceBernstein stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AB shares.
View AB analyst ratings
or view top-rated stocks.

What is AllianceBernstein's stock price forecast for 2022?

1 brokers have issued twelve-month price objectives for AllianceBernstein's stock. Their AB share price forecasts range from $64.50 to $64.50. On average, they predict the company's stock price to reach $64.50 in the next year. This suggests a possible upside of 47.6% from the stock's current price.
View analysts price targets for AB
or view top-rated stocks among Wall Street analysts.

How has AllianceBernstein's stock price performed in 2022?

AllianceBernstein's stock was trading at $48.84 on January 1st, 2022. Since then, AB stock has decreased by 10.5% and is now trading at $43.71.
View the best growth stocks for 2022 here
.

Are investors shorting AllianceBernstein?

AllianceBernstein saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,060,000 shares, a drop of 31.6% from the June 30th total of 1,550,000 shares. Based on an average daily trading volume, of 399,500 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.1% of the shares of the company are sold short.
View AllianceBernstein's Short Interest
.

When is AllianceBernstein's next earnings date?

AllianceBernstein is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our AB earnings forecast
.

How were AllianceBernstein's earnings last quarter?

AllianceBernstein Holding L.P. (NYSE:AB) issued its earnings results on Friday, July, 29th. The asset manager reported $0.71 EPS for the quarter, meeting the consensus estimate of $0.71. The asset manager had revenue of $971.40 million for the quarter. AllianceBernstein had a trailing twelve-month return on equity of 24.10% and a net margin of 8.30%. The firm's revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS.

How often does AllianceBernstein pay dividends? What is the dividend yield for AllianceBernstein?

AllianceBernstein announced a quarterly dividend on Saturday, July 30th. Stockholders of record on Monday, August 8th will be given a dividend of $0.71 per share on Thursday, August 18th. This represents a $2.84 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Friday, August 5th.
Read our dividend analysis for AB
.

Is AllianceBernstein a good dividend stock?

AllianceBernstein (NYSE:AB) pays an annual dividend of $2.84 per share and currently has a dividend yield of 6.46%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.34%. 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 101.43% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AB.

What other stocks do shareholders of AllianceBernstein own?

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).

What is AllianceBernstein's stock symbol?

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

Who are AllianceBernstein's major shareholders?

AllianceBernstein's stock is owned by many different institutional and retail investors. Top institutional shareholders include Janney Montgomery Scott LLC (0.19%), Cambridge Investment Research Advisors Inc. (0.18%), Walker Asset Management LLC (0.15%), Walker Asset Management LLC (0.15%), D.A. Davidson & CO. (0.12%) and Allspring Global Investments Holdings LLC (0.11%). Insiders that own company stock include Charles GT Stonehill, James A Gingrich, Laurence E Cranch, Mark R Manley and Seth P Bernstein.
View institutional ownership trends
.

How do I buy shares of AllianceBernstein?

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.
Compare Top Brokerages Here.

What is AllianceBernstein's stock price today?

One share of AB stock can currently be purchased for approximately $43.71.

How much money does AllianceBernstein make?

AllianceBernstein (NYSE:AB) has a market capitalization of $4.25 billion and generates $4.44 billion in revenue each year. The asset manager earns $385.84 million in net income (profit) each year or $3.72 on an earnings per share basis.

How many employees does AllianceBernstein have?

AllianceBernstein employs 4,118 workers across the globe.

How can I contact AllianceBernstein?

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.

This page (NYSE:AB) was last updated on 8/9/2022 by MarketBeat.com Staff

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