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NYSE:ABAllianceBernstein Stock Price, Forecast & News

$24.97
-0.28 (-1.11 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$24.35
Now: $24.97
$25.64
50-Day Range
$19.36
MA: $21.94
$26.07
52-Week Range
$13.24
Now: $24.97
$36.06
Volume511,580 shs
Average Volume372,132 shs
Market Capitalization$2.44 billion
P/E Ratio9.49
Dividend Yield10.25%
Beta1.5
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: 2.3Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.81 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.52 billion
Cash Flow$2.46 per share
Book Value$15.51 per share

Profitability

Net Income$238.56 million

Miscellaneous

Employees3,811
Market Cap$2.44 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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AllianceBernstein (NYSE:AB) Frequently Asked Questions

How has AllianceBernstein's stock been impacted by COVID-19 (Coronavirus)?

AllianceBernstein's stock was trading at $26.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AB shares have decreased by 6.2% and is now trading at $24.97. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of AllianceBernstein?

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.

When is AllianceBernstein's next earnings date?

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

How were AllianceBernstein's earnings last quarter?

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

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

AllianceBernstein announced a quarterly dividend on Tuesday, April 28th. Shareholders 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 annualized dividend and a yield of 10.25%. The ex-dividend date of this dividend is Friday, May 8th. View AllianceBernstein's dividend history.

What price target have analysts set for AB?

6 brokers have issued 1-year 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 $29.60 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price. View analysts' price targets for AllianceBernstein.

Has AllianceBernstein been receiving favorable news coverage?

Press coverage about AB stock has been trending very negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. AllianceBernstein earned a daily sentiment score of -3.4 on InfoTrie's scale. They also gave media headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutAllianceBernstein.

Are investors shorting AllianceBernstein?

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 currently 2.1 days. Approximately 1.7% of the company's shares are sold short. View AllianceBernstein's Current Options Chain.

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 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).

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 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.

Which major investors are selling AllianceBernstein stock?

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.

Which major investors are buying AllianceBernstein stock?

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.

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 $24.97.

How big of a company is AllianceBernstein?

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.

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 5/31/2020 by MarketBeat.com Staff

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