NYSE:AB

AllianceBernstein (AB) Stock Price, News & Analysis

$33.65
+0.62 (+1.88%)
(As of 04/22/2024 ET)
Today's Range
$33.00
$33.73
50-Day Range
$31.76
$35.00
52-Week Range
$25.83
$36.13
Volume
224,283 shs
Average Volume
339,367 shs
Market Capitalization
$3.85 billion
P/E Ratio
14.44
Dividend Yield
9.15%
Price Target
$40.44

AllianceBernstein MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.2% Upside
$40.44 Price Target
Short Interest
Healthy
0.90% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.47mentions of AllianceBernstein in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.46%
From $3.04 to $3.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.84 out of 5 stars

Finance Sector

336th out of 842 stocks

Investment Advice Industry

18th out of 44 stocks

AB stock logo

About AllianceBernstein Stock (NYSE:AB)

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities. The firm employs quantitative analysis along with long-term purchases, short-term purchases, trading, short sales, margin transactions, option strategies including writing covered options, uncovered options and spread strategies to make its investments. The firm obtains external research to complement its in-house research. The firm was formerly known as Alliance Capital Management Holding LP. AllianceBernstein Holding L.P. was founded in 1967 and is based in Nashville,Tennessee.

AB Stock Price History

AB Stock News Headlines

Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
AB Announces March 31, 2024 Assets Under Management
AB: Governance Matters - The Proof Is in the Proxy
AB Oct 2024 40.000 call
Governance Matters: The Proof Is In The Proxy
AB Announces February 29, 2024 Assets Under Management
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/14 Dividend
2/16/2024
Dividend Payable
3/14/2024
Today
4/23/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
N/A
Employees
4,707
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.44
High Stock Price Target
$47.00
Low Stock Price Target
$36.75
Potential Upside/Downside
+20.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$264.18 million
Pretax Margin
6.98%

Debt

Sales & Book Value

Annual Sales
$4.16 billion
Cash Flow
$2.70 per share
Book Value
$18.14 per share

Miscellaneous

Free Float
111,346,000
Market Cap
$3.85 billion
Optionable
Optionable
Beta
1.25
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Key Executives

  • Mr. Seth Perry Bernstein (Age 63)
    CEO, President & Director
    Comp: $5.13M
  • Mr. Karl K SprulesMr. Karl K Sprules (Age 50)
    Chief Operating Officer
    Comp: $2.46M
  • Mr. Mark Randall Manley J.D. (Age 61)
    Senor VP, General Counsel & Corporate Secretary
    Comp: $1.11M
  • Mr. Onur Erzan (Age 48)
    Head of Global Client Group & Head of Private Wealth
    Comp: $3.32M
  • Ms. Jacqueline Marks (Age 45)
    Chief Financial Officer
  • Mr. Daniel J. Loewy C.F.A.
    CFA, Chief Investment Officer and Head of Multi-Asset & Hedge Fund Solutions
  • Mr. Thomas Simeone (Age 46)
    Senior VP, Controller & Chief Accounting Officer
  • Mr. Mark C. Griffin CFA
    Head of Investor Relations
  • Mr. John Meyers
    Director of Corporate Communications
  • Ms. Cathy Spencer (Age 57)
    Chief People Officer

AB Stock Analysis - Frequently Asked Questions

Should I buy or sell AllianceBernstein stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AllianceBernstein in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AB shares.
View AB analyst ratings
or view top-rated stocks.

What is AllianceBernstein's stock price target for 2024?

4 equities research analysts have issued 12 month price targets for AllianceBernstein's shares. Their AB share price targets range from $36.75 to $47.00. On average, they expect the company's stock price to reach $40.44 in the next year. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for AB
or view top-rated stocks among Wall Street analysts.

How have AB shares performed in 2024?

AllianceBernstein's stock was trading at $31.03 at the beginning of the year. Since then, AB stock has increased by 8.4% and is now trading at $33.65.
View the best growth stocks for 2024 here
.

Are investors shorting AllianceBernstein?

AllianceBernstein saw a decline in short interest in March. As of March 15th, there was short interest totaling 1,040,000 shares, a decline of 5.5% from the February 29th total of 1,100,000 shares. Based on an average trading volume of 352,200 shares, the short-interest ratio is presently 3.0 days.
View AllianceBernstein's Short Interest
.

When is AllianceBernstein's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our AB earnings forecast
.

How can I listen to AllianceBernstein's earnings call?

AllianceBernstein will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were AllianceBernstein's earnings last quarter?

AllianceBernstein Holding L.P. (NYSE:AB) issued its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The asset manager had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $857.85 million. AllianceBernstein had a trailing twelve-month return on equity of 14.88% and a net margin of 6.36%. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share.

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

AllianceBernstein declared a quarterly dividend on Tuesday, February 6th. Investors of record on Tuesday, February 20th will be given a dividend of $0.77 per share on Thursday, March 14th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date is Friday, February 16th. This is a boost from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for AB
.

Is AllianceBernstein a good dividend stock?

AllianceBernstein (NYSE:AB) pays an annual dividend of $3.08 per share and currently has a dividend yield of 9.32%. AB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 132.19%. 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 87.75% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AB.

What ETF holds AllianceBernstein's stock?

InfraCap Equity Income Fund ETF holds 37,302 shares of AB stock, representing 2.42% of its portfolio.

What other stocks do shareholders of AllianceBernstein own?

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).

Who are AllianceBernstein's major shareholders?

AllianceBernstein's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.15%), Raymond James Financial Services Advisors Inc. (0.12%), KMG Fiduciary Partners LLC (0.04%), Kovack Advisors Inc. (0.01%), Atticus Wealth Management LLC (0.00%) and Mather Group LLC. (0.00%). Insiders that own company stock include Charles GT Stonehill, Karl Sprules, Kate C Burke and Mark R Manley.
View institutional ownership trends
.

How do I buy shares of AllianceBernstein?

Shares of AB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AB) was last updated on 4/23/2024 by MarketBeat.com Staff

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