28-Mar-2024
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AB Announces February 29, 2024 Assets Under Management
PRNewswire (Mon, 11-Mar 4:05 PM ET)
AB Announces January 31, 2024 Assets Under Management
PRNewswire (Mon, 12-Feb 4:05 PM ET)
PRNewswire (Wed, 7-Feb 12:30 PM ET)
ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES FOURTH QUARTER RESULTS
PRNewswire (Tue, 6-Feb 4:05 PM ET)
Bernstein Private Wealth Management Announces Expansion of Ultrahigh-Net-Worth Platform
PRNewswire (Mon, 29-Jan 9:00 AM ET)
AB to Report Fourth Quarter 2023 Results on February 6, 2024
PRNewswire (Wed, 24-Jan 11:56 AM ET)
AB Announces December 31, 2023 Assets Under Management
PRNewswire (Wed, 10-Jan 4:05 PM ET)
Jackie Marks Joins AllianceBernstein as Chief Financial Officer
PRNewswire (Mon, 8-Jan 4:00 PM ET)
AllianceBernstein provides investment management services to institutional (43% of assets under management), retail (40%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of January 2024, AB had $726 billion in managed assets, composed primarily of fixed-income (39% of AUM) and equity (43%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary (which has been put in available-for-sale status following the joint venture agreement with Societe Generale).
Alliancebernstein Holding LP Units trades on the NYSE stock market under the symbol AB.
As of March 28, 2024, AB stock price declined to $34.74 with 228,584 million shares trading.
AB has a beta of 0.89, meaning it tends to be less sensitive to market movements. AB has a correlation of 0.16 to the broad based SPY ETF.
AB has a market cap of $3.46 billion. This is considered a Mid Cap stock.
Last quarter Alliancebernstein Holding LP Units reported $1 billion in Revenue and $.77 earnings per share. This beat revenue expectation by $233 million and exceeded earnings estimates by $.14.
In the last 3 years, AB stock traded as high as $57.54 and as low as $25.83.
The top ETF exchange traded funds that AB belongs to (by Net Assets): ICAP, SCAP.
AB stock has underperformed the market in the last year with a return of +7.4%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AB shares. However, AB has outperformed the market in the last 3 month and 2 week periods, returning +13.3% and +1.9%, while SPY returned +10.1% and +1.7%, respectively. This indicates AB has been having a stronger performance recently.
AB support price is $34.10 and resistance is $35.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AB stock will trade within this expected range on the day.