AllianceBernstein Stock Forecast, Price & News

AllianceBernstein's stock was trading at $26.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AB shares have increased by 1.5% and is now trading at $27.01.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 1 hold rating and 7 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 Thursday, October 22nd 2020.
View our earnings forecast for AllianceBernstein.

AllianceBernstein Holding LP (NYSE:AB) issued its earnings results on Thursday, July, 23rd. The asset manager reported $0.61 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.61. The asset manager had revenue of $871.40 million for the quarter, compared to analysts' expectations of $883.11 million. AllianceBernstein had a net margin of 7.18% and a return on equity of 17.55%. AllianceBernstein's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share.
View AllianceBernstein's earnings history.

AllianceBernstein declared a quarterly dividend on Friday, July 24th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.61 per share on Thursday, August 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date of this dividend is Friday, July 31st.
View AllianceBernstein's dividend history.

8 equities research analysts have issued 1-year target prices for AllianceBernstein's shares. Their forecasts range from $19.00 to $39.00. On average, they expect AllianceBernstein's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price.
View analysts' price targets for AllianceBernstein.

AllianceBernstein saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 259,300 shares, a decrease of 26.7% from the August 15th total of 353,900 shares. Based on an average daily trading volume, of 306,100 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.
View AllianceBernstein's Short Interest.

Some companies that are related to AllianceBernstein include Ares Management (ARES), Apollo Global Management (APO), Franklin Resources (BEN), The Carlyle Group (CG), Morningstar (MORN), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Houlihan Lokey (HLI), Janus Henderson Group (JHG), Lazard (LAZ), Hamilton Lane (HLNE), Affiliated Managers Group (AMG), 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 LP Unit (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 shareholders include FMR LLC (3.19%), Bank of America Corp DE (0.50%), Foundry Partners LLC (0.47%), Bank of Montreal Can (0.43%), Miller Howard Investments Inc. NY (0.20%) and Advisor Group Holdings Inc. (0.17%). 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 FMR LLC, Bank of Montreal Can, Bank of America Corp DE, Dalton Greiner Hartman Maher & Co., Stifel Financial Corp, First Republic Investment Management Inc., Miller Howard Investments Inc. NY, and Goldman Sachs Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Belpointe Asset Management LLC, Moody National Bank Trust Division, WFA of San Diego LLC, WFA of San Diego LLC, Mutual Advisors LLC, Russell Investments Group Ltd., Foundry Partners LLC, and Highland Capital 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.

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 $27.01.

AllianceBernstein has a market capitalization of $2.60 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]