AllianceBernstein (NYSE:AB) Issues Earnings Results

AllianceBernstein (NYSE:AB) announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04), Zacks reports. The business had revenue of $871.13 million during the quarter, compared to analysts’ expectations of $894.70 million. AllianceBernstein had a return on equity of 23.11% and a net margin of 6.69%.AllianceBernstein’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS.

Here are the key takeaways from AllianceBernstein’s conference call:

• Proposed Equitable Corebridge merger$100 billion of general and separate account assets over time, joining a combined general account base of more than $350 billion and creating meaningful insurance-channel distribution opportunities.
• Firm-wide net outflows were roughly $6 billion in Q1, including about $11 billion of active equity redemptions and nearly $2 billion from taxable fixed income, driven by performance challenges and regional retail redemptions (Asia Pacific), which pressures AUM and fee rate.
• Private markets momentum remains strong with fee-paying AUM at $85 billion (up 13% YoY), a record institutional pipeline of $27.5 billion (including $9 billion of new commitments), and a stated target of $90–$100 billion private markets AUM by 2027.
• Adjusted results show modest growth — adjusted EPS of $0.83 (+4% YoY) and net revenues of $871 million (+4% YoY) — and the firm distributed 100% of adjusted earnings to unit holders, supporting near-term shareholder return visibility.
• Management raised its full?year performance fee outlook to $95–$115 million (up from $80–$100M), driven by stronger public-market realizations (notably an International SMID strategy), while keeping private-markets performance fee guidance at $70–$80M.

AllianceBernstein Stock Performance

Shares of NYSE AB opened at $36.95 on Thursday. AllianceBernstein has a fifty-two week low of $35.59 and a fifty-two week high of $44.11. The company has a market cap of $3.45 billion, a PE ratio of 11.37, a P/E/G ratio of 1.74 and a beta of 0.80. The business has a 50-day simple moving average of $38.24 and a two-hundred day simple moving average of $39.14.

AllianceBernstein Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Friday, May 8th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Friday, May 8th. AllianceBernstein’s dividend payout ratio (DPR) is currently 102.15%.

Analyst Upgrades and Downgrades

AB has been the subject of a number of recent research reports. Barclays reduced their target price on shares of AllianceBernstein from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Evercore set a $40.00 price objective on shares of AllianceBernstein in a research report on Monday. Zacks Research lowered shares of AllianceBernstein from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of AllianceBernstein in a research report on Monday. Finally, TD Cowen lowered their target price on shares of AllianceBernstein from $39.50 to $39.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.92.

Hedge Funds Weigh In On AllianceBernstein

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ausdal Financial Partners Inc. lifted its stake in shares of AllianceBernstein by 62.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,589 shares of the asset manager’s stock worth $369,000 after buying an additional 3,670 shares during the period. Vivaldi Capital Management LP purchased a new stake in shares of AllianceBernstein during the fourth quarter valued at $332,000. Mercer Global Advisors Inc. ADV increased its position in shares of AllianceBernstein by 7.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 8,397 shares of the asset manager’s stock valued at $321,000 after acquiring an additional 576 shares during the period. Curi Capital LLC acquired a new position in shares of AllianceBernstein in the 2nd quarter valued at $309,000. Finally, Advisory Services Network LLC raised its stake in AllianceBernstein by 12.3% in the 4th quarter. Advisory Services Network LLC now owns 7,532 shares of the asset manager’s stock worth $290,000 after acquiring an additional 822 shares during the last quarter. 19.25% of the stock is owned by hedge funds and other institutional investors.

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.