AB Stock Summary and Trading Ideas (Alliancebernstein Holding LP Units | NYSE:AB)

AllianceBernstein provides investment management services to institutional (42% of assets under management), retail (41%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of July 2024, AB had $777 billion in managed assets, composed primarily of fixed-income (37% of AUM) and equity (43%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder.

Alliancebernstein Holding LP Units trades on the NYSE stock market under the symbol AB.

As of September 18, 2024, AB stock price climbed to $34.60 with 392,453 million shares trading.

AB has a beta of 0.76, meaning it tends to be less sensitive to market movements. AB has a correlation of 0.24 to the broad based SPY ETF.

AB has a market cap of $3.97 billion. This is considered a Mid Cap stock.

Last quarter Alliancebernstein Holding LP Units reported $1 billion in Revenue and $.71 earnings per share. This beat revenue expectation by $223 million and exceeded earnings estimates by $.05.

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, DSMC, SCAP.

AB stock has underperformed the market in the last year with a return of +15.9%, while SPY returned +27.7%. 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 +5.7% and +2.7%, while SPY returned +2.7% and +1.9%, respectively. This indicates AB has been having a stronger performance recently.

AB support price is $34.10 and resistance is $34.94 (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.