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AllianceBernstein (AB) provides investment management services to institutional (42% of assets under management), retail (41%), and private (17%) clients through products that include 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 remaining (21%).

AllianceBernstein Holding L.P. was founded in 1967 and is based in Nashville,Tennessee. The firm was formerly known as Alliance Capital Management Holding LP.

Three key data points gauge AllianceBernstein or any dividend paying firm. The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

AB Price

AllianceBernstein’s share price increased about 11.4% in the past year from $33.29 to $37.07 as of Friday’s market close.

In the past 3 years the company’s share price has ranged from $26.08 to $47.99, BTW AB’s all-time high, of $94.94 was reached back in April 2007.

Should the company conform to the median of one-year price targets estimated by six analysts covering for brokers, price could grow $2.63 to $39.70 in the coming year.

AB Dividend

AllianceBernstein has paid increasing quarterly dividends since August 1988.

The company’s most recent Q dividend of $1.05 was declared February 6th for shareholders of record prior to February 18th, and the payout was made March 13th.

A forward looking annual dividend of $4.20 yields 11.33% per Friday’s $37.07 closing price.

AB Returns

Putting it all together, a $6.83 estimated gross gain per share shows up by adding AB’s annual $4.20 dividend to the estimated $2.63 estimated annual gross price gain, totaling that $6.83.

A little over $1000 buys 27 shares at Friday’s $37.02 share price. A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.37 per share out of the $6.83 gross-gain.

That action gives us a $6.46 net amount per share to multiply by 27 shares, to equal $174.42 for about a 17.5% estimated net gain on the year.

Furthermore, $113.30 in annual dividend income from your  $1,000 investment in AllianceBernstein is over 3 times greater than the single-share price.

By these numbers, AB may be an ideal dividend dog by dogcatcher standards.

Therefore, you may choose to pounce on AllianceBernstein as a 58 year-old quarterly dividend-paying investment management company with a 37-year dividend-record.

The exact track of AB future price and dividend will entirely be determined by market action and company finances.    

Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.

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