AllianceBernstein Stock Forecast, Price & News

AllianceBernstein's stock was trading at $26.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AB shares have increased by 18.6% and is now trading at $31.55.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 2 hold ratings 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 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 EPS for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.01. The asset manager earned $900.04 million during the quarter, compared to analyst estimates of $897.66 million. AllianceBernstein had a return on equity of 17.55% and a net margin of 7.18%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company 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 8.75%. The ex-dividend date is Friday, October 30th. This is a positive change from AllianceBernstein's previous quarterly dividend of $0.61.
View AllianceBernstein's dividend history.

9 analysts have issued 12-month target prices for AllianceBernstein's shares. Their forecasts range from $19.00 to $39.00. On average, they anticipate AllianceBernstein's share price to reach $30.57 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
View analysts' price targets for AllianceBernstein.

AllianceBernstein saw a increase in short interest in the month of September. As of September 30th, there was short interest totaling 312,000 shares, an increase of 17.1% from the September 15th total of 266,500 shares. Based on an average trading volume of 337,800 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company's shares 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), Lazard (LAZ), Hamilton Lane (HLNE), 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 variety of retail and institutional investors. Top institutional investors include Foundry Partners LLC (0.48%), Highland Capital Management LLC (0.04%), Avantax Advisory Services Inc. (0.03%), Flagship Harbor Advisors LLC (0.02%), Mission Wealth Management LP (0.02%) and Atticus Wealth Management LLC (0.00%). 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 Foundry Partners LLC, 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 bought by a variety of institutional investors in the last quarter, including Mission Wealth Management LP, Avantax Advisory Services Inc., Old North State Trust 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 $31.55.

AllianceBernstein has a market capitalization of $3.04 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]