AllianceBernstein - AB Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AB shares. 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.
View AB analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 12 month target prices for AllianceBernstein's stock. Their AB share price forecasts range from $41.00 to $45.00. On average, they anticipate the company's stock price to reach $43.70 in the next twelve months. This suggests a possible upside of 30.5% 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 $34.37 on January 1st, 2023. Since then, AB stock has decreased by 2.6% and is now trading at $33.49.
View the best growth stocks for 2023 here.

AllianceBernstein saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 647,900 shares, an increase of 8.2% from the February 13th total of 598,700 shares. Based on an average daily volume of 331,300 shares, the days-to-cover ratio is presently 2.0 days.
View AllianceBernstein's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our AB earnings forecast.

AllianceBernstein Holding L.P. (NYSE:AB) released its quarterly earnings results on Thursday, February, 9th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. The asset manager earned $990.18 million during the quarter, compared to analysts' expectations of $1.50 billion. AllianceBernstein had a trailing twelve-month return on equity of 17.94% and a net margin of 6.76%. AllianceBernstein's quarterly revenue was down 21.7% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share.

AllianceBernstein announced a quarterly dividend on Wednesday, February 8th. Stockholders of record on Tuesday, February 21st will be paid a dividend of $0.70 per share on Thursday, March 16th. This represents a $2.80 annualized dividend and a yield of 8.36%. The ex-dividend date of this dividend is Friday, February 17th. This is a positive change from the stock's previous quarterly dividend of $0.64.
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) and RiverFront Dynamic US Dividend Advantage ETF (RFDA).Distillate Small/Mid Cash Flow ETF (DSMC).

AllianceBernstein (NYSE:AB) pays an annual dividend of $2.80 per share and currently has a dividend yield of 8.32%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 103.32%. 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 97.22% 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 retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (1.96%), American Century Companies Inc. (1.24%), Morgan Stanley (1.18%), Citigroup Inc. (0.45%), Bank of America Corp DE (0.40%) and LPL Financial LLC (0.34%). Insiders that own company stock include Charles GT Stonehill, Karl Sprules, Kate C Burke, Laurence E Cranch and Mark R Manley.
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 $33.49.

AllianceBernstein (NYSE:AB) has a market capitalization of $3.81 billion and generates $4.05 billion in revenue each year. The asset manager earns $274.17 million in net income (profit) each year or $2.71 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.