NYSE:AB - AllianceBernstein Stock Price, News & Analysis

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

AllianceBernstein announced a quarterly dividend on Thursday, July 25th. Stockholders of record on Monday, August 5th will be given a dividend of $0.56 per share on Thursday, August 22nd. This represents a $2.24 annualized dividend and a dividend yield of 7.87%. The ex-dividend date is Friday, August 2nd. This is a boost from AllianceBernstein's previous quarterly dividend of $0.49. View AllianceBernstein's Dividend History.

AllianceBernstein Holding LP (NYSE:AB) posted its quarterly earnings results on Thursday, July, 25th. The asset manager reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.02. The asset manager had revenue of $714 million for the quarter, compared to analyst estimates of $778.88 million. AllianceBernstein had a net margin of 6.79% and a return on equity of 15.54%. AllianceBernstein's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. View AllianceBernstein's Earnings History.

AllianceBernstein is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for AllianceBernstein.

2 equities research analysts have issued 1-year target prices for AllianceBernstein's stock. Their forecasts range from $35.00 to $37.00. On average, they anticipate AllianceBernstein's stock price to reach $36.00 in the next year. This suggests a possible upside of 26.5% from the stock's current price. View Analyst Price Targets for AllianceBernstein.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for AllianceBernstein.

News coverage about AB stock has been trending positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. AllianceBernstein earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned press coverage about the asset manager a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the next several days. View News Stories for AllianceBernstein.

AllianceBernstein saw a increase in short interest in July. As of July 15th, there was short interest totalling 671,100 shares, an increase of 13.9% from the June 15th total of 589,300 shares. Based on an average daily trading volume, of 215,400 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.8% of the shares of the company are sold short. View AllianceBernstein's Current Options Chain.

Some companies that are related to AllianceBernstein include Oaktree Capital Group LLC Unit (OAK), Invesco (IVZ), Apollo Global Management (APO), Morningstar (MORN), Eaton Vance (EV), Lazard (LAZ), Affiliated Managers Group (AMG), Janus Henderson Group (JHG), Federated Investors (FII), Legg Mason (LM), Evercore (EVR), Ares Management (ARES), MAN GRP PLC/ADR (MNGPY), Hamilton Lane (HLNE) and Houlihan Lokey (HLI).

Based on aggregate information from My MarketBeat watchlists, some companies that other AllianceBernstein investors own include Bank of America (BAC), Apollo Global Management (APO), Intelsat (I), AT&T (T), Fossil Group (FOSL), Associated British Foods (ABF), Chaarat Gold (CGH), Micron Technology (MU), AMC Entertainment (AMC) and Energy Transfer LP Unit (ET).

AllianceBernstein's stock is owned by a number of of institutional and retail investors. Top institutional investors include Bank of America Corp DE (1.51%), UBS Group AG (1.37%), Morgan Stanley (1.23%), Wells Fargo & Company MN (0.98%), JPMorgan Chase & Co. (0.66%) and Foundry Partners LLC (0.64%). Company insiders that own AllianceBernstein stock include Axa America Holdings, Inc, Axa Equitable Holdings, Inc, Brugge Robert P Van, Edward J Farrell, James A Gingrich, John C Weisenseel, Kate C Burke, Laurence E Cranch and Weston M Hicks. View Institutional Ownership Trends for AllianceBernstein.

AB stock was sold by a variety of institutional investors in the last quarter, including Rothschild Investment Corp IL, Gamco Investors INC. ET AL, Mckinley Capital Management LLC Delaware, LPL Financial LLC, Allianz Asset Management GmbH, Dumont & Blake Investment Advisors LLC, Dalton Greiner Hartman Maher & Co. and Signet Financial Management LLC. Company insiders that have sold AllianceBernstein company stock in the last year include James A Gingrich, John C Weisenseel, Kate C Burke and Laurence E Cranch. View Insider Buying and Selling for AllianceBernstein.

AB stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., UBS Group AG, Bank of Montreal Can, Renaissance Technologies LLC, Foundry Partners LLC, Marshall Wace North America L.P. and GAM Holding AG. Company insiders that have bought AllianceBernstein stock in the last two years include Axa America Holdings, Inc and Axa Equitable Holdings, Inc. View Insider Buying and Selling for AllianceBernstein.

Shares of AB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of AB stock can currently be purchased for approximately $28.45.

AllianceBernstein has a market capitalization of $2.75 billion and generates $3.37 billion in revenue each year. The asset manager earns $242.39 million in net income (profit) each year or $2.67 on an earnings per share basis. AllianceBernstein employs 3,641 workers across the globe.View Additional Information About AllianceBernstein.

The official website for AllianceBernstein is http://www.abglobal.com/.

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]