AllianceBernstein Stock Forecast, Price & News

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 shares have increased by 9.2% and is now trading at $29.06.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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AllianceBernstein is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
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AllianceBernstein Holding LP (NYSE:AB) posted its earnings results on Thursday, October, 22nd. The asset manager reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.68 by $0.01. The asset manager had revenue of $900.04 million for the quarter, compared to the consensus estimate of $897.66 million. AllianceBernstein had a net margin of 7.33% and a return on equity of 17.85%. AllianceBernstein's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share.
View AllianceBernstein's earnings history.

AllianceBernstein declared a quarterly dividend on Friday, October 23rd. Investors of record on Monday, November 2nd will be given a dividend of $0.69 per share on Thursday, November 12th. This represents a $2.76 annualized dividend and a dividend yield of 9.50%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from AllianceBernstein's previous quarterly dividend of $0.61.
View AllianceBernstein's dividend history.

8 brokerages have issued 12-month price targets for AllianceBernstein's stock. Their forecasts range from $19.00 to $39.00. On average, they anticipate AllianceBernstein's share price to reach $30.57 in the next year. This suggests a possible upside of 5.2% from the stock's current price.
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AllianceBernstein saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 510,200 shares, an increase of 63.5% from the September 30th total of 312,000 shares. Based on an average daily trading volume, of 390,300 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the shares of the company are sold short.
View AllianceBernstein's Short Interest.

Some companies that are related to AllianceBernstein include Ares Management (ARES), Franklin Resources (BEN), The Carlyle Group (CG), Apollo Global Management (APO), Morningstar (MORN), Eaton Vance (EV), Invesco (IVZ), Janus Henderson Group (JHG), Houlihan Lokey (HLI), Hamilton Lane (HLNE), Lazard (LAZ), Affiliated Managers Group (AMG), Evercore (EVR), Artisan Partners Asset Management (APAM) and MAN GRP PLC/ADR (MNGPY).
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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 a number of institutional and retail investors. Top institutional investors include Foundry Partners LLC (0.48%), Artemis Investment Management LLP (0.37%), Cambridge Investment Research Advisors Inc. (0.05%), Highland Capital Management LLC (0.04%), Blue Fin Capital Inc. (0.04%) and Meritage Portfolio Management (0.04%). 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.

AB stock was sold by a variety of institutional investors in the last quarter, including Blue Fin Capital Inc., Meritage Portfolio Management, Foundry Partners LLC, Duncker Streett & Co. Inc., Cambridge Investment Research Advisors Inc., Stratos Wealth Partners LTD., Flagship Harbor Advisors LLC, and Atticus Wealth Management LLC. Company insiders that have sold AllianceBernstein company stock in the last year include James A Gingrich, and Laurence E Cranch.
View insider buying and selling activity for AllianceBernstein.

AB stock was purchased by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Rowland Carmichael Advisors Inc. ADV, Mission Wealth Management LP, Avantax Advisory Services Inc., Old North State Trust LLC, Highland Capital Management LLC, Endurance Wealth Management Inc., and Americana Partners 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.

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 $29.06.

AllianceBernstein has a market capitalization of $2.80 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.

The official website for AllianceBernstein is 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]