AllianceBernstein - AB Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AB shares.
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1 brokerages have issued 12-month target prices for AllianceBernstein's shares. Their AB share price forecasts range from $64.50 to $64.50. On average, they expect the company's stock price to reach $64.50 in the next year. This suggests a possible upside of 45.3% from the stock's current price.
View analysts price targets for AB or view top-rated stocks among Wall Street analysts.

AllianceBernstein's stock was trading at $48.84 at the beginning of the year. Since then, AB stock has decreased by 9.1% and is now trading at $44.38.
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AllianceBernstein saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,060,000 shares, a drop of 31.6% from the June 30th total of 1,550,000 shares. Based on an average daily trading volume, of 399,500 shares, the short-interest ratio is presently 2.7 days. Currently, 1.1% of the company's shares are sold short.
View AllianceBernstein's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our AB earnings forecast.

AllianceBernstein Holding L.P. (NYSE:AB) released its earnings results on Friday, July, 29th. The asset manager reported $0.71 earnings per share for the quarter, meeting analysts' consensus estimates of $0.71. The asset manager earned $971.40 million during the quarter. AllianceBernstein had a net margin of 8.30% and a trailing twelve-month return on equity of 24.10%. The firm's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share.

AllianceBernstein declared a quarterly dividend on Saturday, July 30th. Stockholders of record on Monday, August 8th will be given a dividend of $0.71 per share on Thursday, August 18th. This represents a $2.84 annualized dividend and a dividend yield of 6.40%. The ex-dividend date is Friday, August 5th.
Read our dividend analysis for AB.

AllianceBernstein (NYSE:AB) pays an annual dividend of $2.84 per share and currently has a dividend yield of 6.35%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.34%. 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 101.43% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AB.

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 retail and institutional investors. Top institutional shareholders include FMR LLC (1.49%), Franklin Resources Inc. (0.53%), Wells Fargo & Company MN (0.52%), LPL Financial LLC (0.28%), Bridgecreek Investment Management LLC (0.24%) and Philadelphia Financial Management of San Francisco LLC (0.21%). Insiders that own company stock include Charles GT Stonehill, James A Gingrich, Laurence E Cranch, Mark R Manley and Seth P Bernstein.
View institutional ownership trends.

Shares of AB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AB stock can currently be purchased for approximately $44.38.

AllianceBernstein (NYSE:AB) has a market capitalization of $4.32 billion and generates $4.44 billion in revenue each year. The asset manager earns $385.84 million in net income (profit) each year or $3.72 on an earnings per share basis.

The company employs 4,118 workers across the globe.

AllianceBernstein's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The official website for the company is www.abglobal.com. The asset manager can be reached via phone at (615) 622-0000, via email at mark.griffin@alliancebernstein.com, or via fax at 212-969-2293.