NYSE:AB

AllianceBernstein (AB) Stock Price, News & Analysis

$33.56
-0.15 (-0.44%)
(As of 04/26/2024 08:52 PM ET)
Today's Range
$32.80
$34.18
50-Day Range
$31.76
$35.00
52-Week Range
$25.83
$35.84
Volume
609,300 shs
Average Volume
344,369 shs
Market Capitalization
$3.84 billion
P/E Ratio
13.93
Dividend Yield
9.18%
Price Target
$40.44

AllianceBernstein MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.5% Upside
$40.44 Price Target
Short Interest
Healthy
0.88% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.68mentions of AllianceBernstein in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.34%
From $3.06 to $3.56 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.07 out of 5 stars

Finance Sector

277th out of 824 stocks

Investment Advice Industry

17th out of 45 stocks

AB stock logo

About AllianceBernstein Stock (NYSE:AB)

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities. The firm employs quantitative analysis along with long-term purchases, short-term purchases, trading, short sales, margin transactions, option strategies including writing covered options, uncovered options and spread strategies to make its investments. The firm obtains external research to complement its in-house research. The firm was formerly known as Alliance Capital Management Holding LP. AllianceBernstein Holding L.P. was founded in 1967 and is based in Nashville,Tennessee.

AB Stock Price History

AB Stock News Headlines

Q1 2024 AllianceBernstein Holding LP Earnings Call
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AllianceBernstein Holding L.P. Q1 Profit Increases, beats estimates
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If you think a market crash is possible in 2024, I don't know why you're not using this yet.
AB Announces March 31, 2024 Assets Under Management
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/14 Dividend
2/16/2024
Dividend Payable
3/14/2024
Today
4/29/2024
Ex-Dividend for 5/23 Dividend
5/03/2024
Dividend Payable
5/23/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
N/A
Employees
4,707
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.44
High Stock Price Target
$47.00
Low Stock Price Target
$36.75
Potential Upside/Downside
+20.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$264.18 million
Pretax Margin
6.98%

Debt

Sales & Book Value

Annual Sales
$4.16 billion
Cash Flow
$2.65 per share
Book Value
$18.14 per share

Miscellaneous

Free Float
111,346,000
Market Cap
$3.84 billion
Optionable
Optionable
Beta
1.25
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Key Executives

  • Mr. Seth Perry Bernstein (Age 63)
    President & Director
    Comp: $5.13M
  • Mr. Karl K SprulesMr. Karl K Sprules (Age 50)
    Chief Operating Officer
    Comp: $2.46M
  • Mr. Mark Randall Manley J.D. (Age 61)
    Senor VP, General Counsel & Corporate Secretary
    Comp: $1.11M
  • Mr. Onur Erzan (Age 48)
    Head of Global Client Group & Head of Private Wealth
    Comp: $3.32M
  • Mr. Robert P. van Brugge (Age 56)
    Chief Executive Officer
    Comp: $2.61M
  • Ms. Jacqueline Marks (Age 45)
    Chief Financial Officer
  • Mr. Daniel J. Loewy C.F.A.
    CFA, Chief Investment Officer and Head of Multi-Asset & Hedge Fund Solutions
  • Mr. Thomas Simeone (Age 46)
    Senior VP, Controller & Chief Accounting Officer
  • Mr. Mark C. Griffin CFA
    Head of Investor Relations
  • Mr. Kyle Christopher DiGangi
    Global Chief Compliance Officer

AB Stock Analysis - Frequently Asked Questions

Should I buy or sell AllianceBernstein stock right now?

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

What is AllianceBernstein's stock price target for 2024?

4 analysts have issued 12 month price targets for AllianceBernstein's shares. Their AB share price targets range from $36.75 to $47.00. On average, they anticipate the company's stock price to reach $40.44 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for AB
or view top-rated stocks among Wall Street analysts.

How have AB shares performed in 2024?

AllianceBernstein's stock was trading at $31.03 on January 1st, 2024. Since then, AB stock has increased by 8.2% and is now trading at $33.56.
View the best growth stocks for 2024 here
.

Are investors shorting AllianceBernstein?

AllianceBernstein saw a decrease in short interest in March. As of March 15th, there was short interest totaling 1,040,000 shares, a decrease of 5.5% from the February 29th total of 1,100,000 shares. Based on an average daily volume of 352,200 shares, the days-to-cover ratio is presently 3.0 days.
View AllianceBernstein's Short Interest
.

When is AllianceBernstein's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our AB earnings forecast
.

How were AllianceBernstein's earnings last quarter?

AllianceBernstein Holding L.P. (NYSE:AB) announced its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The asset manager earned $1.09 billion during the quarter, compared to analyst estimates of $857.85 million. AllianceBernstein had a net margin of 6.47% and a trailing twelve-month return on equity of 15.34%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS.

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

AllianceBernstein declared a quarterly dividend on Thursday, April 25th. Investors of record on Monday, May 6th will be paid a dividend of $0.73 per share on Thursday, May 23rd. This represents a $2.92 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend is Friday, May 3rd.
Read our dividend analysis for AB
.

Is AllianceBernstein a good dividend stock?

AllianceBernstein (NYSE:AB) pays an annual dividend of $3.08 per share and currently has a dividend yield of 9.18%. 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 127.80%. 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 86.52% 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 ETF holds AllianceBernstein's stock?

InfraCap Equity Income Fund ETF holds 37,302 shares of AB stock, representing 2.42% of its portfolio.

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).

Who are AllianceBernstein's major shareholders?

AllianceBernstein's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wealth Enhancement Advisory Services LLC (0.15%), Raymond James Financial Services Advisors Inc. (0.12%), KMG Fiduciary Partners LLC (0.04%), Tritonpoint Wealth LLC (0.02%), Kovack Advisors Inc. (0.01%) and Atticus Wealth Management LLC (0.00%). Insiders that own company stock include Charles GT Stonehill, Karl Sprules, Kate C Burke and Mark R Manley.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AB) was last updated on 4/29/2024 by MarketBeat.com Staff

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