AllianceBernstein - AB Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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.

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 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.

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.

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

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.

AllianceBernstein employs 4,118 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.