How to Buy Alliancebernstein Holding Stock
Alliancebernstein Holding LP
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.
How to Buy Alliancebernstein Holding Stock
Wondering how to invest in Alliancebernstein Holding stock? Here's how.
- Decide where to buy Alliancebernstein Holding stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Alliancebernstein Holding stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your payment method and add your info.
- Research Alliancebernstein Holding stock: The Alliancebernstein Holding ticker symbol is AB. Is Alliancebernstein Holding stock a good investment? Should you buy shares of AB? How do AB's underlying business fundamentals look? Do top analysts think Alliancebernstein Holding is a good buy? Why has AB's stock price moved recently? (Hint: Our stock research tools can help you decide if AB is a good stock to buy).
- Place your AB buy order: Decide if you will purchase AB shares at the current market price or use a limit order to buy AB shares at a specific price.
- Monitor your investment in AB: Create a watchlist to monitor your investment in Alliancebernstein Holding stock.
Step 1: Decide where to buy Alliancebernstein Holding stock
You need an online brokerage account to access the NYSE market and buy AB stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you are able to buy AB today.
How to Open a New Account on eToro
- Click here to get started.
- Input your personal details to start a new trading account.
- Submit your info by hitting the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on the best stock market app, you need to deposit funds:
Watch the video below for more details transferring funds into your brokerage account.
Step 4: Research Alliancebernstein Holding stock
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.
Alliancebernstein Holding Metrics
AB Zen Score
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on AB's stock page.
What is the fair value of AB stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge AB's intrinsic value.
Using relative valuations ratios:
- AB may be undervalued based on its P/E ratio of 13.86x, relative to Asset Management industry P/E ratio of 52.77x
- AB may be undervalued based on its P/B ratio of 1.74x, relative to Asset Management industry P/B ratio of 2x
- AB could be undervalued based on its PEG ratio of 0.72x
You can access additional valuation research on AB's stock here.
A look at AB Cashflows and Balance Sheet
Positive Financial Indicators:
- AB's operating cash flow of $296.91M allows it to safely service it's debt of $0.00.
- Total AB debt is lower than 5 years ago, relative to shareholder equity.
- AB earnings of $281.30M is not sufficient to cover its interest payments.
- AB has a low debt to equity ratio of 0.
Negative Financial Indicators:
- AB profit margin has gone down from 92% to 88.2% in the past year.
Is AB stock a Buy, Hold, or Sell, according to analysts?
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.
Latest AB Analyst Forecasts
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.
Metrics for Advanced AB Traders
How are AB Revenues/Earnings doing?
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.
Latest Insiders Trades at AB
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.
Can I rely on AB as an income stream?
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.
What do other investors have to say about AB?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your AB buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, use a limit order.
Click the Open button and your broker will place your order.
If you need more help buying stocks on eToro, click the how to video below:
Step 6: Monitor your investment in AB
Now that you own some shares in AB, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to track the most important metrics related to your AB stock.
AB Feed
How to Buy Stock in Alliancebernstein Holding
To reiterate, here are the 6 steps for buying Alliancebernstein Holding stock:
- Decide where to buy Alliancebernstein Holding stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Alliancebernstein Holding stock
- Place your AB buy order
- Monitor your investment in AB
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Alliancebernstein Holding, hit the button below to create your watchlist.
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