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

AllianceBernstein (NYSE:AB) had its target price decreased by investment analysts at TD Cowen from $39.50 to $39.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the asset manager’s stock. TD Cowen’s price target points to a potential downside of 0.96% from the company’s previous close.

A number of other research analysts also recently weighed in on AB. Sanford C. Bernstein restated a “buy” rating on shares of AllianceBernstein in a research report on Wednesday. Zacks Research downgraded AllianceBernstein from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded AllianceBernstein from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Barclays cut their price target on AllianceBernstein from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Evercore restated an “outperform” rating and set a $42.00 price target on shares of AllianceBernstein in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.25.

AllianceBernstein Price Performance

AllianceBernstein stock traded up $0.95 during midday trading on Wednesday, reaching $39.38. 453,975 shares of the company traded hands, compared to its average volume of 392,657. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.82 and a beta of 0.86. The business has a 50 day moving average of $38.38 and a two-hundred day moving average of $39.44. AllianceBernstein has a 12 month low of $35.59 and a 12 month high of $44.11.

AllianceBernstein (NYSE:AB) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The company had revenue of $871.14 million for the quarter, compared to the consensus estimate of $914.51 million. AllianceBernstein had a net margin of 6.62% and a return on equity of 21.17%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. As a group, equities analysts forecast that AllianceBernstein will post 3.5 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of AllianceBernstein during the 4th quarter valued at about $28,000. Ascentis Independent Advisors purchased a new position in shares of AllianceBernstein during the 1st quarter valued at about $30,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of AllianceBernstein during the 4th quarter valued at about $35,000. Motiv8 Investments LLC purchased a new position in shares of AllianceBernstein during the 4th quarter valued at about $36,000. Finally, Elyxium Wealth LLC purchased a new position in AllianceBernstein during the 4th quarter valued at approximately $51,000. 19.25% of the stock is owned by hedge funds and other institutional investors.

Key AllianceBernstein News

Here are the key news stories impacting AllianceBernstein this week:

• Positive Sentiment: Declared quarterly cash distribution of $0.83 per unit (record May 8; payable May 21) implying an ~8.6% yield — supports income investors and can attract buyers seeking yield. PR Newswire: Q1 Results
• Neutral Sentiment: Q1 results: GAAP net income $0.92/unit, adjusted EPS $0.83 (missed consensus ~$0.87) and revenue $871M (below ~$914M estimate) but revenue was up ~3.9% YoY — mixed fundamentals (growth but short of Street). Press Release / Slide Deck
• Neutral Sentiment: Management commentary and the earnings call highlighted balancing growth engines amid equity headwinds — useful color on outlook but no major guidance change reported. Earnings Call Transcript
• Neutral Sentiment: Market write-ups/recaps (TipRanks / Investing.com) summarize Q1 themes: merger-related opportunities vs. flow reality — helpful for context but not new catalysts. TipRanks: Earnings Highlights
• Negative Sentiment: Analysts reacted by revising forecasts and price targets after Q1; several firms trimmed expectations citing the EPS/revenue miss and flow weakness. Benzinga: Analyst Revisions
• Negative Sentiment: Barclays cut its price target to $39 and kept an “equal weight” rating, signaling limited near-term upside from the Street and likely contributing to downward pressure on sentiment. Benzinga: Barclays Note
• Negative Sentiment: Management flagged a difficult geopolitical backdrop and net active outflows — persistent flow pressure is a key risk for fee revenue and margins going forward. Benzinga: Management Commentary

About AllianceBernstein

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.