Alliancebernstein Holding is a asset management company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker AB on the NYSE exchange.
Alliancebernstein Holding stock last closed at $31.32, down 1.69% from the previous day, and has decreased 20.81% in one year. It has underperformed other stocks in the Asset Management industry by 0.3 percentage points. Alliancebernstein Holding stock is currently +7.81% from its 52-week low of $29.05, and -25.43% from its 52-week high of $42.00.
As of Sep 22, 2023, there are 113.56M AB shares outstanding. The market value of AB is $3.56B. In the last 24 hours, 203,193 AB shares were traded.
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After you have chosen the best place to buy Alliancebernstein Holding stock, it's absolutely critical to analyze their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
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You can see all of the due diligence checks on AB's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge AB's intrinsic value.
Using relative valuations ratios:
You can access additional valuation research on AB's stock here.
Out of 3 Wall Street analysts who give forecasts on AB, the consensus analyst rating on AB is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Craig Siegenthaler, a top 7% analyst from Bank of America upgrades AB to a strong buy rating and raises their AB price target from $36.00 to $47.00, on Sep 5, 2023.
Bank of America's Craig Siegenthaler upgraded their rating on Alliancebernstein Holding (NYSE: AB) from Hold to Strong Buy on 2023/09/05. The analyst also raised their price target by 30.6% from $36 to $47.
The stock has been the worst-performing asset manager over the last 3 months [7.24% decline] with "several minor issues" contributing to this underperformance, the analyst stated.
That said, this correction is "largely unwarranted" and "now is the time to buy this top traditional asset manager," Siegenthaler recommended.
Bill Katz, a bottom 15% analyst from Credit Suisse maintains AB with a buy rating and raises their AB price target from $44.50 to $46.00, on May 11, 2023.
John Dunn, a bottom 27% analyst from Evercore ISI Group maintains AB with a buy rating and lowers their AB price target from $44.00 to $38.00, on Apr 13, 2023.
You can dig deeper into what analysts are projecting on the Alliancebernstein Holding stock forecast page.
Last year, AB earnings were $248.09M. In the last five year, AB's earnings have increased by -1.92% per year. This was slower than the Asset Management industry average of 20.4%.
Last year, AB revenue was $281.30M. During the last five year, AB's revenue has gone up by 1.13% per year. This was slower than the Asset Management industry average of 14.06%.
Dig into AB's earnings and revenue performance here.
In the last 12 months, insiders at AB have sold more shares than they have bought.
Kate C. Burke, Former COO CFO of AB, was the latest AB insider to sell. They sold $147,800.00 worth of AB shares on Aug 10, 2023.
Dig into more about who owns AB shares here.
Alliancebernstein Holding pays a dividend of 8.33%, compared to the Asset Management industry's average dividend yield of 6.67%. If you owned $1,000 worth of AB stock, you would have been paid $83.33 in the past year.
Alliancebernstein Holding dividend payments have consistently grown over the past decade but have not remained stable.
Find more data about Alliancebernstein Holding dividend yield and history here.
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