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 October 2024, AB had $793 billion in managed assets, composed primarily of fixed-income (37% of AUM) and equity (42%) 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 January 29, 2025, AB stock price declined to $39.44 with 377,397 million shares trading.

AB has a beta of 0.72, meaning it tends to be less sensitive to market movements. AB has a correlation of 0.19 to the broad based SPY ETF.

AB has a market cap of $4.47 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 $245 million and exceeded earnings estimates by $.05.

In the last 3 years, AB traded as high as $51.05 and as low as $25.83.

The top ETF exchange traded funds that AB belongs to (by Net Assets): KBWD, ICAP.

AB has outperformed the market in the last year with a price return of +25.7% while the SPY ETF gained +24.9%. AB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.8% and +11.6%, respectively, while the SPY returned +4.0% and +3.4%, respectively.

AB support price is $39.45 and resistance is $40.95 (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 shares will trade within this expected range on the day.