AllianceBernstein (NYSE:AB) Given New $39.00 Price Target at Barclays

AllianceBernstein (NYSE:AB) had its price objective decreased by Barclays from $40.00 to $39.00 in a research report report published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the asset manager’s stock.

AB has been the topic of several other reports. TD Cowen reissued a “hold” rating on shares of AllianceBernstein in a research note on Wednesday, January 14th. Sanford C. Bernstein reissued a “negative” rating on shares of AllianceBernstein in a research note on Friday, April 17th. Zacks Research downgraded shares of AllianceBernstein from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of AllianceBernstein from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.25.

AllianceBernstein Stock Performance

AB stock opened at $39.39 on Wednesday. The company has a market capitalization of $3.63 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.82 and a beta of 0.86. AllianceBernstein has a one year low of $35.59 and a one year high of $44.11. The company’s 50 day moving average price is $38.35 and its two-hundred day moving average price is $39.44.

AllianceBernstein (NYSE:AB) last posted its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). The business had revenue of $871.14 million for the quarter, compared to analysts’ expectations of $914.51 million. AllianceBernstein had a return on equity of 21.17% and a net margin of 6.62%.The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. On average, research analysts predict that AllianceBernstein will post 3.5 EPS for the current year.

AllianceBernstein Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Friday, May 8th will be issued a $0.83 dividend. The ex-dividend date is Friday, May 8th. This represents a $3.32 annualized dividend and a dividend yield of 8.4%. AllianceBernstein’s dividend payout ratio (DPR) is currently 128.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Payne Capital Management LLC bought a new position in shares of AllianceBernstein in the third quarter worth approximately $1,055,000. Moody Aldrich Partners LLC grew its holdings in shares of AllianceBernstein by 131.6% in the third quarter. Moody Aldrich Partners LLC now owns 137,341 shares of the asset manager’s stock worth $5,249,000 after purchasing an additional 78,047 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of AllianceBernstein by 10.7% in the fourth quarter. D.A. Davidson & CO. now owns 165,739 shares of the asset manager’s stock worth $6,378,000 after purchasing an additional 15,974 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of AllianceBernstein in the third quarter worth approximately $316,000. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of AllianceBernstein by 17.2% in the third quarter. Flagship Harbor Advisors LLC now owns 10,764 shares of the asset manager’s stock worth $411,000 after purchasing an additional 1,579 shares during the last quarter. Institutional investors own 19.25% of the company’s stock.

Key Stories Impacting AllianceBernstein

Here are the key news stories impacting AllianceBernstein this week:

• Positive Sentiment: Quarterly cash distribution declared: AB announced a cash dividend/cash distribution of $0.83 per unit (record May 8; payable May 21), implying a high single-digit yield that can attract income-focused buyers. PR Newswire Dividend Announcement
• Neutral Sentiment: Full earnings materials and call transcript posted — useful for investors who want details on flows, margin drivers and M&A/strategy commentary. Earnings Call Presentation
• Neutral Sentiment: Analyst coverage summaries and post-call write-ups provide additional color on management commentary and outlook adjustments. TipRanks Coverage
• Negative Sentiment: Q1 results missed estimates on both EPS and revenue: adjusted EPS $0.83 vs. $0.87 expected and revenue $871.1M vs. $914.5M expected; management cited net active outflows and geopolitical headwinds — a clear near-term growth/flows concern for an asset manager. MarketBeat Earnings Summary
• Negative Sentiment: Analysts trimmed price targets and ratings after the print: TD Cowen lowered its target to $39.00 (hold) and Barclays cut its target to $39.00 (equal weight), reflecting limited near-term upside and flow risks. Benzinga Analyst Notes
• Negative Sentiment: Broader analyst revisions followed the Q1 call as firms reassess revenue/earnings trajectories given active outflows — downside to multiple and sentiment until flows stabilize. Benzinga: Analyst Revisions

AllianceBernstein Company Profile

AllianceBernstein is a global investment management firm that offers a broad range of research-driven strategies across equities, fixed income, multi-asset solutions and alternative investments. The firm provides active and quantitative portfolio management, drawing on in-house research capabilities to serve the needs of institutional clients, private wealth investors and intermediaries. Its product lineup encompasses mutual funds, separately managed accounts and customized investment vehicles designed to meet diverse risk-return objectives.

The firm’s roots date back to 1967 with the founding of Sanford C.