AllianceBernstein Stock Forecast, Price & News

AllianceBernstein's stock was trading at $26.61 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AB shares have increased by 36.2% and is now trading at $36.23.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AllianceBernstein stock.
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538 employees have rated AllianceBernstein CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among AllianceBernstein's employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

AllianceBernstein Holding L.P. (NYSE:AB) released its quarterly earnings results on Thursday, October, 22nd. The asset manager reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 7.33% and a return on equity of 17.85%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS.
View AllianceBernstein's earnings history.

AllianceBernstein declared a quarterly dividend on Friday, October 23rd. Stockholders 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 7.62%. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from AllianceBernstein's previous quarterly dividend of $0.61.
View AllianceBernstein's dividend history.

AllianceBernstein pays an annual dividend of $2.76 per share and currently has a dividend yield of 7.66%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of AllianceBernstein is 109.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AllianceBernstein will have a dividend payout ratio of 82.88% in the coming year. This indicates that AllianceBernstein may not be able to sustain their current dividend.
View AllianceBernstein's dividend history.

8 analysts have issued 12 month price targets for AllianceBernstein's shares. Their forecasts range from $19.00 to $40.00. On average, they anticipate AllianceBernstein's stock price to reach $31.43 in the next year. This suggests that the stock has a possible downside of 13.3%.
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AllianceBernstein saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 234,700 shares, a decrease of 14.2% from the December 15th total of 273,600 shares. Based on an average trading volume of 465,800 shares, the short-interest ratio is currently 0.5 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 Franklin Resources (BEN), The Carlyle Group (CG), Ares Management (ARES), Apollo Global Management (APO), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Affiliated Managers Group (AMG), Houlihan Lokey (HLI), Evercore (EVR), Lazard (LAZ), Hamilton Lane (HLNE), Artisan Partners Asset Management (APAM) and Focus Financial Partners (FOCS).
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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 number of institutional and retail investors. Top institutional investors include Bennett Selby Investments LP (0.02%), Americana Partners LLC (0.02%), Shulman DeMeo Asset Management LLC (0.01%), Sowell Financial Services LLC (0.01%), Burns J W & Co. Inc. NY (0.01%) and BLB&B Advisors LLC (0.01%). Company insiders that own AllianceBernstein stock include 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 Shulman DeMeo Asset 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 or view top insider-selling stocks.

AB stock was acquired by a variety of institutional investors in the last quarter, including Bennett Selby Investments LP, Sowell Financial Services LLC, Burns J W & Co. Inc. NY, BLB&B Advisors LLC, Raymond James Trust N.A., Cantor Fitzgerald Investment Adviser L.P., and Americana Partners LLC.
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Shares of AB 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.

One share of AB stock can currently be purchased for approximately $36.23.

AllianceBernstein has a market capitalization of $3.48 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]