NYSE:ABAllianceBernstein Stock Price, Forecast & News

$27.20

+0.92 (+3.50 %)

(As of 06/5/2020 12:06 PM ET)

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Today's Range

$27.00

Now: $27.20▼

$27.48

50-Day Range

$19.36

MA: $22.42▼

$26.33

52-Week Range

$13.24

Now: $27.20▼

$36.06

Volume13,820 shs

Average Volume381,746 shs

Market Capitalization$2.66 billion

P/E Ratio10.34

Dividend Yield9.72%

Beta1.51

AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations, and other business entities. The firm invests in public equity, fixed income, and alternative investment markets across the globe. It employs long/short strategy to make its investments. The firm conducts in-house research to make its investments. AllianceBernstein Holding L.P. was founded in 1987 and is based in New York, New York.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
AllianceBernstein has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.60, AllianceBernstein has a potential upside of 8.7% from its current price of $27.23.
Amount of Analyst Coverage
AllianceBernstein has only been the subject of 4 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
AllianceBernstein has received 347 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
AllianceBernstein has received 506 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
AllianceBernstein has received 59.32% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about AllianceBernstein and other stocks. Vote “Outperform” if you believe AB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AB will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
AllianceBernstein is a leading dividend payer. It pays a dividend yield of 9.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
AllianceBernstein has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of AllianceBernstein is 101.59 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, AllianceBernstein will have a dividend payout ratio of 101.59 % in the coming year. This indicates that AllianceBernstein may not be able to sustain their current dividend.

2.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AllianceBernstein insiders have bought 37.45% more of their company's stock than they have sold. Specifically, they have bought $354,900.00 in company stock and sold $258,196.00 in company stock.
Percentage Held by Insiders
Only 2.70% of the stock of AllianceBernstein is held by insiders.
Percentage Held by Institutions
Only 19.86% of the stock of AllianceBernstein is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for AllianceBernstein are expected to grow by 6.78% in the coming year, from $2.36 to $2.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AllianceBernstein is 10.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of AllianceBernstein is 10.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.38.
Price to Earnings Growth Ratio
AllianceBernstein has a PEG Ratio of 0.72. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
AllianceBernstein has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.01 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Investment advice

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:AB

Previous Symbol

CUSIPN/A

CIK825313

Webwww.abglobal.com

Phone212-969-1000

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio10.34

Forward P/E Ratio11.53

P/E Growth0.72

Sales & Book Value

Annual Sales$3.52 billion

Price / Sales0.76

Cash Flow$2.55 per share

Price / Cash Flow10.68

Book Value$15.81 per share

Price / Book1.72

Profitability

EPS (Most Recent Fiscal Year)$2.52

Net Income$238.56 million

Net Margins7.07%

Return on Equity17.20%

Return on Assets17.19%

Miscellaneous

Employees3,811

Outstanding Shares97,790,000

Market Cap$2.66 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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AllianceBernstein (NYSE:AB) Frequently Asked Questions

How has AllianceBernstein's stock been impacted by COVID-19 (Coronavirus)?

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 2.3% and is now trading at $27.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of AllianceBernstein?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for AllianceBernstein.

When is AllianceBernstein's next earnings date?

AllianceBernstein is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for AllianceBernstein.

How were AllianceBernstein's earnings last quarter?

AllianceBernstein Holding LP (NYSE:AB) issued its quarterly earnings data on Tuesday, April, 28th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.59 by $0.05. The asset manager had revenue of $874.20 million for the quarter, compared to analysts' expectations of $886.43 million. AllianceBernstein had a net margin of 7.07% and a return on equity of 17.20%. The business's revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. View AllianceBernstein's earnings history.

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

AllianceBernstein declared a quarterly dividend on Tuesday, April 28th. Investors of record on Monday, May 11th will be given a dividend of $0.64 per share on Thursday, May 28th. This represents a $2.56 annualized dividend and a dividend yield of 9.40%. The ex-dividend date is Friday, May 8th. View AllianceBernstein's dividend history.

What price target have analysts set for AB?

6 brokerages have issued 1-year price objectives for AllianceBernstein's stock. Their forecasts range from $19.00 to $39.00. On average, they anticipate AllianceBernstein's stock price to reach $29.60 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price. View analysts' price targets for AllianceBernstein.

Has AllianceBernstein been receiving favorable news coverage?

News headlines about AB stock have been trending somewhat positive on Friday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. AllianceBernstein earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the company's share price in the near future. View the latest news aboutAllianceBernstein.

Are investors shorting AllianceBernstein?

AllianceBernstein saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,580,000 shares, an increase of 11.3% from the April 30th total of 1,420,000 shares. Based on an average trading volume of 735,200 shares, the short-interest ratio is presently 2.1 days. Approximately 1.7% of the shares of the company are sold short. View AllianceBernstein's Current Options Chain.

Who are some of AllianceBernstein's key competitors?

Some companies that are related to AllianceBernstein include Franklin Resources (BEN), The Carlyle Group (CG), Oaktree Capital Group LLC Unit (OAK), Morningstar (MORN), Ares Management (ARES), Eaton Vance (EV), Legg Mason (LM), Janus Henderson Group (JHG), Invesco (IVZ), Houlihan Lokey (HLI), Hamilton Lane (HLNE), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Lazard (LAZ) and MAN GRP PLC/ADR (MNGPY). View all competitors.

What other stocks do shareholders of AllianceBernstein own?

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

Who are AllianceBernstein's key executives?

AllianceBernstein's management team includes the following people:

Mr. Seth Perry Bernstein, Pres, CEO & Director of AllianceBernstein Corp. (Age 58)
Mr. John Charles Weisenseel CPA, CFO & Sr. VP of Alliancebernstein Corp. (Age 59)
Mr. James Andrew Gingrich, Chief Operating Officer of Alliancebernstein Corp. (Age 60)
Mr. William R. Siemers, Controller & Chief Accounting Officer (Age 59)
Mr. Laurence Edward Cranch, Gen. Counsel of Alliancebernstein Corp. (Age 72)

What is AllianceBernstein's stock symbol?

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

Who are AllianceBernstein's major shareholders?

AllianceBernstein's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Morgan Stanley (2.13%), Morgan Stanley (2.13%), Wells Fargo & Company MN (0.89%), Franklin Resources Inc. (0.85%), Foundry Partners LLC (0.46%) and JPMorgan Chase & Co. (0.38%). Company insiders that own AllianceBernstein stock include Axa Equitable Holdings, Inc, James A Gingrich, John C Weisenseel, Kate C Burke, Laurence E Cranch and Seth P Bernstein. View institutional ownership trends for AllianceBernstein.

Which institutional investors are selling AllianceBernstein stock?

AB stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Foundry Partners LLC, Jane Street Group LLC, Franklin Resources Inc., Wells Fargo & Company MN, HighTower Advisors LLC, Oppenheimer & Co. Inc., and United Capital Financial Advisers 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 activity for AllianceBernstein.

Which institutional investors are buying AllianceBernstein stock?

AB stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Advisor Group Holdings Inc., Bridgecreek Investment Management LLC, Origin Asset Management LLP, Cetera Advisors LLC, PNC Financial Services Group Inc., and Wilbanks Smith & Thomas Asset Management LLC. Company insiders that have bought AllianceBernstein stock in the last two years include Axa Equitable Holdings, Inc, and Seth P Bernstein. View insider buying and selling activity for AllianceBernstein.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is AllianceBernstein's stock price today?

One share of AB stock can currently be purchased for approximately $27.23.

How big of a company is AllianceBernstein?

AllianceBernstein has a market capitalization of $2.66 billion and generates $3.52 billion in revenue each year. The asset manager earns $238.56 million in net income (profit) each year or $2.52 on an earnings per share basis. AllianceBernstein employs 3,811 workers across the globe.

What is AllianceBernstein's official website?

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

How can I contact AllianceBernstein?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff