$AB

3 stories mentioning ABUpdated 38d ago

Every FINWIRES story that references AB, newest first.

Research Alert: CFRA Keeps Buy Opinion On Shares Of Alliancebernstein Holding L.p.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $3 to $43. We value AB shares at 10.8x our 2027 EPS estimate of $4.00 (lowered by $0.20) and 11.8x our 2026 EPS estimate of $3.65 (trimmed by $0.15). This compares with the one-year average forward multiple of 11.4x and a disparate peer average of 16x. AB shares represent partnership interests and currently yield 8.8%. We keep our 2026 revenue growth forecast of 3% to 7%. Q1 adjusted revenues rose 3.9% to $871M, in line with our forecast. AB noted its institutional pipeline totaled $27.5B at the end of Q1. The pipeline is set to benefit from strategic initiatives, including the planned expansion into Asia insurance markets. AUM grew 6.9% to $838.6B. However, net outflows deteriorated to $7.1B (from $2.4B of inflows a year ago), masking $6.7B of inflows into fixed income, alternatives, and multi-asset investments. Driven by restructuring actions, GAAP operating margins expanded 430 bps to 26.1%. We see additional operating margin expansion in 2026.

$AB

Research51d ago

Research Alert: Alliancebernstein Posts Mixed Q1 Results; Aum Rises Despite Fund Outflows

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AllianceBernstein (AB) posted Q1 adjusted EPS of $0.83 versus $0.80, matching the consensus forecast but lagging our $0.90 estimate. GAAP EPS of $0.92 versus $0.67 a year ago reflected a $48.4M gain from the SocGen joint venture transaction. Q1 adjusted revenues rose 3.9% to $871M, in line with our 3%-7% growth forecast, reflecting a 3.8% rise in base fees and 77% higher distribution fees. AB noted its institutional pipeline totaled $27.5B at Q1-end, set to benefit from strategic initiatives including the planned expansion into Asia insurance markets. AUM grew 6.9% to $838.6B, though net outflows deteriorated to $7.1B (from $2.4B of inflows a year ago), masking $6.7B of inflows into fixed income, alternatives and multi-asset investments. GAAP operating margins expanded 430 bps to 26.1% from restructuring actions. We expect modest additional operating margin expansion in 2026 and view the partnership interests as undervalued given their above-average yield potential.

$AB

Wire57d ago

Update: AllianceBernstein Shuts Hedge Fund Arya

(Updates throughout with AllianceBernstein statement.)AllianceBernstein (AB) has shut its multi-manager fund AB Arya, which was part of its $6 billion hedge fund platform, the company said Wednesday in a statement emailed to.AllianceBernstein said it expects 95% of liquidation proceeds from AB Arya to be available and distributed in June.Bloomberg, which first reported the news, said the closure reflects increasing pressure on multi-strategy hedge fund challengers in a space dominated by larger firms like Millennium Management, Citadel and DE Shaw & Co.Price: $39.05, Change: $+0.13, Percent Change: +0.32%

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