Summary
- AllianceBernstein reduces its quarterly dividend by 23.8% to $0.80 per share, impacting its forward yield.
- Analysts provide a moderate upside potential with a price target averaging $38.00.
- GuruFocus estimates suggest a 20.55% potential upside based on the stock's GF Value.
AllianceBernstein (AB, Financial) recently announced a 23.8% decrease in its quarterly dividend, now set at $0.80 per share from the previous $1.05. This adjustment reflects on the forward dividend yield, which currently stands at 8.69%. Shareholders on record by May 5 will receive the dividend payment on May 22, with the ex-dividend date also on May 5.
Wall Street Analysts Forecast
According to projections from six analysts, the mean one-year price target for AllianceBernstein Holding LP (AB, Financial) is set at $38.00. Individual forecasts range from a high of $42.00 to a low of $34.00. These targets suggest a potential upside of 3.18% from the current trading price of $36.83. For further insights and detailed estimate data, visit the AllianceBernstein Holding LP (AB) Forecast page.
Brokerage firms have collectively issued an average recommendation of 2.6 for AllianceBernstein Holding LP (AB, Financial), which translates to a "Hold" status. The rating system spans from 1 to 5, with 1 indicating a "Strong Buy" and 5 marking a "Sell."
GuruFocus Valuation Insights
From the perspective of GuruFocus, the estimated GF Value for AllianceBernstein Holding LP (AB, Financial) in one year is $44.40. This estimation indicates a potential upside of 20.55% from the current price of $36.83. The GF Value is calculated by examining the historical trading multiples of the stock, past business growth, and future performance projections. For a detailed analysis, please refer to the AllianceBernstein Holding LP (AB) Summary page.
