AllianceBernstein (AB) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $36.48 to $37.21
• 50-Day Range: $33.83 to $38.69
• 52-Week Range: $27.58 to $38.96
• Volume: 310,202 shs
• Average Volume: 296,116 shs
• Market Capitalization: $4.28 billion
• P/E Ratio: 10.65
• Dividend Yield: 8.28%
• Price Target: $43.40
• Consensus Rating: Moderate Buy

AllianceBernstein Stock Analysis - MarketRank™

AllianceBernstein scored higher than 80% of companies evaluated by MarketBeat, and ranked 267th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

AllianceBernstein has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

AllianceBernstein has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 17.11%

Earnings Growth

Earnings for AllianceBernstein are expected to grow by 17.11% in the coming year, from $3.04 to $3.56 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AllianceBernstein is 10.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of AllianceBernstein is 10.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.30.

Price to Earnings Growth Ratio

AllianceBernstein has a PEG Ratio of 0.84. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

AllianceBernstein has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.81% of the outstanding shares of AllianceBernstein have been sold short.

Short Interest Ratio / Days to Cover

AllianceBernstein has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AllianceBernstein has recently increased by 1.64%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

AllianceBernstein is a leading dividend payer. It pays a dividend yield of 8.42%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

AllianceBernstein does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AllianceBernstein is 88.25%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, AllianceBernstein will have a dividend payout ratio of 86.52% in the coming year. This indicates that AllianceBernstein may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.81% of the outstanding shares of AllianceBernstein have been sold short.

Short Interest Ratio / Days to Cover

AllianceBernstein has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AllianceBernstein has recently increased by 1.64%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.37

News Sentiment

AllianceBernstein has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for AllianceBernstein this week, compared to 5 articles on an average week.

Search Interest

Only 11 people have searched for AB on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added AllianceBernstein to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, AllianceBernstein insiders have bought 12,152.65% more of their company's stock than they have sold. Specifically, they have bought $17,090,000.00 in company stock and sold $139,480.00 in company stock.

Percentage Held by Insiders

Only 2.70% of the stock of AllianceBernstein is held by insiders.

Percentage Held by Institutions

Only 19.25% of the stock of AllianceBernstein is held by institutions.

AB Stock Analysis - Frequently Asked Questions

How have AB shares performed this year?

AllianceBernstein's stock was trading at $31.03 on January 1st, 2024. Since then, AB shares have increased by 19.8% and is now trading at $37.1850.
View the best growth stocks for 2024 here.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The company's quarterly revenue was up 10.2% compared to the same quarter last year.

Who are AllianceBernstein's major shareholders?

Top institutional shareholders of AllianceBernstein include FMR LLC (2.27%), Jennison Associates LLC (0.76%), Citigroup Inc. (0.56%) and The Manufacturers Life Insurance Company (0.29%). Insiders that own company stock include Equitable Holdings, Inc, Kate C Burke, Karl Sprules, Mark R Manley, Charles GT Stonehill and Christopher Hogbin.
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.

What other stocks do shareholders of AllianceBernstein own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AllianceBernstein investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), AbbVie (ABBV), Advanced Micro Devices (AMD), Exxon Mobil (XOM) and Enterprise Products Partners (EPD).

Company Calendar

• Last Earnings: 2/07/2024
• Ex-Dividend for 11/21 Dividend: 11/04/2024
• Today: 11/21/2024
• Dividend Payable: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Trading
• Current Symbol: NYSE:AB
• CUSIP: N/A
• CIK: 825313
• Web: www.abglobal.com
• Phone: (615) 622-0000
• Fax: 212-969-2293
• Employees: 4,707
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $43.40
• High Stock Price Target: $51.00
• Low Stock Price Target: $39.00
• Potential Upside/Downside: +16.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.49
• Trailing P/E Ratio: 10.65
• Forward P/E Ratio: 12.23
• P/E Growth: 0.84
• Net Income: $264.18 million
• Net Margins: 9.22%
• Pretax Margin: 10.07%
• Return on Equity: 16.23%
• Return on Assets: 16.22%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $4.16 billion
• Price / Sales: 1.03
• Cash Flow: $2.70 per share
• Price / Cash Flow: 13.79
• Book Value: $18.14 per share
• Price / Book: 2.05

Miscellaneous

• Outstanding Shares: 115,160,000
• Free Float: 112,055,000
• Market Cap: $4.28 billion
• Optionable: Optionable
• Beta: 1.23