AllianceBernstein - AB Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 4 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.
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5 brokers have issued 1 year target prices for AllianceBernstein's shares. Their AB share price forecasts range from $30.00 to $64.50. On average, they predict the company's stock price to reach $45.10 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
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AllianceBernstein's stock was trading at $48.84 at the start of the year. Since then, AB stock has decreased by 17.4% and is now trading at $40.35.
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AllianceBernstein saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 726,200 shares, an increase of 39.9% from the October 31st total of 518,900 shares. Based on an average daily trading volume, of 309,000 shares, the days-to-cover ratio is presently 2.4 days.
View AllianceBernstein's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our AB earnings forecast.

AllianceBernstein Holding L.P. (NYSE:AB) issued its earnings results on Friday, October, 28th. The asset manager reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. The asset manager earned $987 million during the quarter, compared to the consensus estimate of $1.46 billion. AllianceBernstein had a trailing twelve-month return on equity of 22.48% and a net margin of 7.75%. The business's revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS.

AllianceBernstein announced a quarterly dividend on Friday, October 28th. Investors of record on Monday, November 7th will be paid a dividend of $0.64 per share on Wednesday, November 23rd. This represents a $2.56 annualized dividend and a yield of 6.34%. 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 6.34%. 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 102.40% 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 investors include The Manufacturers Life Insurance Company (0.38%), Bridgecreek Investment Management LLC (0.24%), Sadoff Investment Management LLC (0.21%), Cambridge Investment Research Advisors Inc. (0.19%), Janney Montgomery Scott LLC (0.19%) and Royal Bank of Canada (0.14%). 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.
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One share of AB stock can currently be purchased for approximately $40.35.

AllianceBernstein (NYSE:AB) has a market capitalization of $4.05 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.