NYSE:ABAllianceBernstein Stock Price, Forecast & News

AllianceBernstein's stock was trading at $26.61 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AB stock has decreased by 6.2% and is now trading at $24.97. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for AllianceBernstein.

AllianceBernstein is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for AllianceBernstein.

AllianceBernstein Holding LP (NYSE:AB) released its quarterly earnings results on Tuesday, April, 28th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. The asset manager had revenue of $874.20 million for the quarter, compared to analysts' expectations of $886.43 million. AllianceBernstein had a net margin of 7.07% and a return on equity of 17.20%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. View AllianceBernstein's earnings history.

AllianceBernstein announced a quarterly dividend on Tuesday, April 28th. Investors of record on Monday, May 11th will be given a dividend of $0.64 per share on Thursday, May 28th. This represents a $2.56 dividend on an annualized basis and a yield of 10.25%. The ex-dividend date of this dividend is Friday, May 8th. View AllianceBernstein's dividend history.

6 Wall Street analysts have issued 12 month price objectives for AllianceBernstein's shares. Their forecasts range from $19.00 to $39.00. On average, they expect AllianceBernstein's stock price to reach $29.60 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View analysts' price targets for AllianceBernstein.

News headlines about AB stock have trended extremely negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. AllianceBernstein earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutAllianceBernstein.

AllianceBernstein saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,580,000 shares, an increase of 11.3% from the April 30th total of 1,420,000 shares. Based on an average trading volume of 735,200 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.7% of the shares of the company are sold short. View AllianceBernstein's Current Options Chain.

Some companies that are related to AllianceBernstein include The Carlyle Group (CG), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Morningstar (MORN), Ares Management (ARES), Eaton Vance (EV), Legg Mason (LM), Janus Henderson Group (JHG), Houlihan Lokey (HLI), Invesco (IVZ), Hamilton Lane (HLNE), Affiliated Managers Group (AMG), Cohen & Steers (CNS), MAN GRP PLC/ADR (MNGPY) and Lazard (LAZ). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other AllianceBernstein investors own include Bank of America (BAC), Apollo Global Management (APO), AT&T (T), Intelsat (I), Energy Transfer LP Unit (ET), Fossil Group (FOSL), Micron Technology (MU), AMC Entertainment (AMC), New Residential Investment (NRZ) and Associated British Foods (ABF).

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

AllianceBernstein's stock is owned by a number of retail and institutional investors. Top institutional investors include Morgan Stanley (2.13%), Morgan Stanley (2.13%), Wells Fargo & Company MN (0.89%), Franklin Resources Inc. (0.85%), Foundry Partners LLC (0.46%) and JPMorgan Chase & Co. (0.38%). 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 JPMorgan Chase & Co., Foundry Partners LLC, Jane Street Group LLC, Franklin Resources Inc., Wells Fargo & Company MN, HighTower Advisors LLC, Oppenheimer & Co. Inc., and United Capital Financial Advisers LLC. Company insiders that have sold AllianceBernstein company stock in the last year include James A Gingrich, John C Weisenseel, Kate C Burke, and Laurence E Cranch. View insider buying and selling activity for AllianceBernstein.

AB stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Advisor Group Holdings Inc., Bridgecreek Investment Management LLC, Origin Asset Management LLP, Cetera Advisors LLC, PNC Financial Services Group Inc., and Wilbanks Smith & Thomas Asset 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 $24.97.

AllianceBernstein has a market capitalization of $2.44 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]