AllianceBernstein - AB Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AB, but not buy additional shares or sell existing shares.
View AB analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 1 year target prices for AllianceBernstein's stock. Their AB share price forecasts range from $39.00 to $64.50. On average, they expect the company's stock price to reach $48.38 in the next year. This suggests a possible upside of 39.0% 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 on January 1st, 2022. Since then, AB stock has decreased by 28.8% and is now trading at $34.79.
View the best growth stocks for 2022 here.

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 (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The asset manager earned $971.40 million during the quarter. AllianceBernstein had a trailing twelve-month return on equity of 24.10% and a net margin of 8.30%. The company's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share.

AllianceBernstein declared a quarterly dividend on Saturday, July 30th. Shareholders 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 yield of 8.16%. 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 7.87%. 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 94.98% 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 many different institutional and retail investors. Top institutional shareholders include Moody National Bank Trust Division (0.01%). 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.
Compare Top Brokerages Here.

One share of AB stock can currently be purchased for approximately $34.79.

AllianceBernstein (NYSE:AB) has a market capitalization of $3.38 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.