AllianceBernstein - AB Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 1-year price targets for AllianceBernstein's stock. Their AB share price forecasts range from $30.00 to $45.00. On average, they expect the company's stock price to reach $40.25 in the next twelve months. This suggests a possible upside of 6.1% 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 $34.37 at the beginning of the year. Since then, AB shares have increased by 10.4% and is now trading at $37.95.
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AllianceBernstein saw a decline in short interest in the month of December. As of December 30th, there was short interest totaling 559,000 shares, a decline of 16.1% from the December 15th total of 665,900 shares. Based on an average daily trading volume, of 378,100 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the shares of the company are sold short.
View AllianceBernstein's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our AB earnings forecast.

AllianceBernstein will be holding an earnings conference call on Thursday, February 9th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

AllianceBernstein Holding L.P. (NYSE:AB) announced its quarterly earnings data on Wednesday, October, 27th. The asset manager reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. The asset manager had revenue of $1.09 billion for the quarter. AllianceBernstein had a trailing twelve-month return on equity of 22.48% and a net margin of 7.75%. The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS.

AllianceBernstein declared a quarterly dividend on Friday, October 28th. Investors of record on Monday, November 7th will be given a dividend of $0.64 per share on Wednesday, November 23rd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend is Friday, November 4th.
Read our dividend analysis for AB.

AllianceBernstein (NYSE:AB) pays an annual dividend of $2.56 per share and currently has a dividend yield of 6.69%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.52%. 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 93.77% 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 a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.09%), Disciplined Equity Management Inc. (0.05%), Private Advisor Group LLC (0.03%), Mutual Advisors LLC (0.02%), TTP Investments Inc. (0.02%) and JB Capital LLC (0.01%). Insiders that own company stock include Charles GT Stonehill, James A Gingrich, Karl Sprules, 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.
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One share of AB stock can currently be purchased for approximately $37.95.

AllianceBernstein (NYSE:AB) has a market capitalization of $3.81 billion and generates $4.44 billion in revenue each year. The asset manager earns $385.84 million in net income (profit) each year or $3.39 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.