AllianceBernstein Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AllianceBernstein stock. 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.
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Wall Street analysts have given AllianceBernstein a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but AllianceBernstein wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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AllianceBernstein saw a increase in short interest in May. As of May 28th, there was short interest totaling 1,300,000 shares, an increase of 25.0% from the May 13th total of 1,040,000 shares. Based on an average daily volume of 405,500 shares, the short-interest ratio is currently 3.2 days. Approximately 1.4% of the company's shares are short sold.
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AllianceBernstein is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for AllianceBernstein.

AllianceBernstein Holding L.P. (NYSE:AB) issued its earnings results on Wednesday, April, 28th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.06. The asset manager earned $819.98 million during the quarter, compared to analyst estimates of $811.30 million. AllianceBernstein had a trailing twelve-month return on equity of 19.31% and a net margin of 7.76%. During the same period last year, the business posted $0.64 earnings per share.
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AllianceBernstein's stock was trading at $26.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AB stock has increased by 62.6% and is now trading at $43.26.
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AllianceBernstein announced a quarterly dividend on Thursday, April 29th. Investors of record on Monday, May 10th will be paid a dividend of $0.81 per share on Thursday, May 27th. This represents a $3.24 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Friday, May 7th.
View AllianceBernstein's dividend history.

AllianceBernstein pays an annual dividend of $3.24 per share and currently has a dividend yield of 7.26%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of AllianceBernstein is 111.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AllianceBernstein will have a dividend payout ratio of 90.76% in the coming year. This indicates that AllianceBernstein may not be able to sustain their current dividend.
View AllianceBernstein's dividend history.

7 equities research analysts have issued 12-month target prices for AllianceBernstein's stock. Their forecasts range from $30.00 to $42.00. On average, they anticipate AllianceBernstein's share price to reach $37.71 in the next twelve months. This suggests that the stock has a possible downside of 12.8%.
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Some companies that are related to AllianceBernstein include Franklin Resources (BEN), The Carlyle Group (CG), Ares Management (ARES), Apollo Global Management (APO), Invesco (IVZ), Morningstar (MORN), Janus Henderson Group (JHG), Affiliated Managers Group (AMG), Evercore (EVR), Houlihan Lokey (HLI), Hamilton Lane (HLNE), Lazard (LAZ), Focus Financial Partners (FOCS), Cohen & Steers (CNS) and CI Financial (CIXX).
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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 institutional and retail investors. Top institutional investors include Franklin Resources Inc. (0.79%), Arrowstreet Capital Limited Partnership (0.65%), Amundi Asset Management US Inc. (0.63%), Morgan Stanley (0.62%), Artemis Investment Management LLP (0.51%) and JPMorgan Chase & Co. (0.36%). Company insiders that own AllianceBernstein stock include James A Gingrich, John C Weisenseel, Laurence E Cranch and Seth P Bernstein.
View institutional ownership trends for AllianceBernstein.

AB stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., Amundi Asset Management US Inc., Citigroup Inc., First Manhattan Co., Franklin Resources Inc., Bennett Selby Investments LP, and Bridgecreek Investment Management LLC.
View insider buying and selling activity for AllianceBernstein or view top insider-selling stocks.

AB stock was purchased by a variety of institutional investors in the last quarter, including NFJ Investment Group LLC, Artemis Investment Management LLP, Cambridge Investment Research Advisors Inc., Janney Montgomery Scott LLC, Credit Suisse AG, Oppenheimer & Co. Inc., Royal Bank of Canada, and Mercer Global Advisors Inc. ADV.
View insider buying and selling activity for AllianceBernstein or or view top insider-buying stocks.

Shares of AB 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 $43.26.

AllianceBernstein has a market capitalization of $4.25 billion and generates $3.71 billion in revenue each year. The asset manager earns $279.38 million in net income (profit) each year or $2.91 on an earnings per share basis.

AllianceBernstein employs 3,929 workers across the globe.

The official website for AllianceBernstein is www.abglobal.com.

AllianceBernstein is headquartered at 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105.

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]