NYSE:AB - AllianceBernstein Stock Price, Forecast & News

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

AllianceBernstein announced a quarterly dividend on Thursday, February 13th. Stockholders of record on Monday, February 24th will be given a dividend of $0.85 per share on Thursday, March 5th. This represents a $3.40 annualized dividend and a dividend yield of 10.30%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from AllianceBernstein's previous quarterly dividend of $0.63. View AllianceBernstein's Dividend History.

AllianceBernstein Holding LP (NYSE:AB) released its quarterly earnings data on Wednesday, February, 12th. The asset manager reported $0.85 EPS for the quarter, beating the consensus estimate of $0.70 by $0.15. The asset manager earned $987.30 million during the quarter, compared to the consensus estimate of $937.41 million. AllianceBernstein had a net margin of 6.78% and a return on equity of 16.40%. AllianceBernstein's quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. View AllianceBernstein's Earnings History.

AllianceBernstein is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for AllianceBernstein.

3 Wall Street analysts have issued 1-year target prices for AllianceBernstein's shares. Their forecasts range from $35.00 to $39.00. On average, they expect AllianceBernstein's share price to reach $37.33 in the next year. This suggests a possible upside of 13.1% from the stock's current price. View Analyst Price Targets for AllianceBernstein.

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

News articles about AB stock have been trending neutral on Tuesday, InfoTrie reports. The research firm ranks the sentiment of press coverage by analyzing 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 news sentiment score of 0.4 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for AllianceBernstein.

AllianceBernstein saw a increase in short interest in January. As of January 31st, there was short interest totalling 1,650,000 shares, an increase of 10.0% from the January 15th total of 1,500,000 shares. Based on an average daily volume of 334,000 shares, the short-interest ratio is currently 4.9 days. Currently, 1.9% of the shares of the stock are short sold. View AllianceBernstein's Current Options Chain.

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

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), Micron Technology (MU), Energy Transfer LP Unit (ET), AMC Entertainment (AMC), New Residential Investment (NRZ) and Associated British Foods (ABF).

AllianceBernstein's stock is owned by a number of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (1.11%), FMR LLC (1.07%), Franklin Resources Inc. (1.00%), Amundi Pioneer Asset Management Inc. (0.85%), Foundry Partners LLC (0.78%) and Bank of America Corp DE (0.64%). Company insiders that own AllianceBernstein stock include Axa Equitable Holdings, Inc, James A Gingrich, John C Weisenseel, Kate C Burke and Laurence E Cranch. View Institutional Ownership Trends for AllianceBernstein.

AB stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, UBS Group AG, First Republic Investment Management Inc., Stifel Financial Corp, Credit Suisse AG, GAM Holding AG, Sadoff Investment Management LLC and Zevin Asset Management LLC. Company insiders that have sold AllianceBernstein company stock in the last year include James A Gingrich, John C Weisenseel and Kate C Burke. View Insider Buying and Selling for AllianceBernstein.

AB stock was purchased by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Barclays PLC, Bank of Montreal Can, FMR LLC, Marshall Wace LLP, Schonfeld Strategic Advisors LLC, Foundry Partners LLC and Marshall Wace North America L.P.. 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, Robinhood, Fidelity and Charles Schwab.

One share of AB stock can currently be purchased for approximately $33.02.

AllianceBernstein has a market capitalization of $3.17 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.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]