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NYSE:AB

AllianceBernstein Stock Forecast, Price & News

$31.75
+0.20 (+0.63 %)
(As of 10/26/2020 09:09 AM ET)
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Today's Range
$31.75
Now: $31.75
$31.75
50-Day Range
$26.82
MA: $28.80
$33.17
52-Week Range
$13.24
Now: $31.75
$36.06
Volume747 shs
Average Volume479,838 shs
Market Capitalization$3.06 billion
P/E Ratio11.50
Dividend Yield7.73%
Beta1.53
AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations, and other business entities. The firm invests in public equity, fixed income, and alternative investment markets across the globe. It employs long/short strategy to make its investments. The firm conducts in-house research to make its investments. AllianceBernstein Holding L.P. was founded in 1987 and is based in New York, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.41 out of 5 stars

Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-969-1000
Employees3,811

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.52 billion
Cash Flow$2.42 per share
Book Value$15.81 per share

Profitability

Net Income$238.56 million

Miscellaneous

Market Cap$3.06 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$31.75
+0.20 (+0.63 %)
(As of 10/26/2020 09:09 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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AllianceBernstein (NYSE:AB) Frequently Asked Questions

How has AllianceBernstein's stock been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of AllianceBernstein?

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."
View analyst ratings for AllianceBernstein
.

When is AllianceBernstein's next earnings date?

AllianceBernstein is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for AllianceBernstein
.

How were AllianceBernstein's earnings last quarter?

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
.

How often does AllianceBernstein pay dividends? What is the dividend yield for AllianceBernstein?

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
.

What price target have analysts set for AB?

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
.

Are investors shorting 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
.

Who are some of AllianceBernstein's key competitors?

What other stocks do shareholders of AllianceBernstein own?

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).

Who are AllianceBernstein's key executives?

AllianceBernstein's management team includes the following people:
  • Mr. Seth Perry Bernstein, Pres, CEO & Director of AllianceBernstein Corp. (Age 58)
  • Mr. John Charles Weisenseel CPA, CFO & Sr. VP of Alliancebernstein Corp. (Age 59)
  • Mr. James Andrew Gingrich, Chief Operating Officer of Alliancebernstein Corp. (Age 60)
  • Mr. William R. Siemers, Controller & Chief Accounting Officer (Age 59)
  • Mr. Laurence Edward Cranch, Gen. Counsel of Alliancebernstein Corp. (Age 72)

What is AllianceBernstein's stock symbol?

AllianceBernstein trades on the New York Stock Exchange (NYSE) under the ticker symbol "AB."

Who are AllianceBernstein's major shareholders?

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
.

Which major investors are selling AllianceBernstein stock?

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
.

Which major investors are buying AllianceBernstein stock?

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
.

How do I buy shares of 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.

What is AllianceBernstein's stock price today?

One share of AB stock can currently be purchased for approximately $31.55.

How big of a company is AllianceBernstein?

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.

What is AllianceBernstein's official website?

The official website for AllianceBernstein is www.abglobal.com.

How can I contact AllianceBernstein?

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]

This page was last updated on 10/26/2020 by MarketBeat.com Staff

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