Alliancebernstein Hldg L P Stock Price, News & Analysis

On May 10, 2022, AllianceBernstein L.P. reported a decline in preliminary assets under management, falling to $685 billion in April 2022 from $735 billion at the end of March, marking a 7% decrease. This drop was primarily attributed to market depreciation and net outflows across Private Wealth, Retail, and Institutional channels. The report uses data as of April 30, 2022, highlighting the firm's challenges in maintaining assets amid a volatile market environment.

On May 3, 2022, AllianceBernstein L.P. (NYSE: AB) announced that Kate Burke, Chief Operating Officer and Head of Private Wealth, will participate in the Barclays Americas Select Franchise Conference on May 10, 2022. The session is set to start at 9:00 a.m. BST (3:00 a.m. CT) in London. A live audio webcast will be available on the Investor & Media Relations section of AB's website, with a replay accessible afterward. As of March 31, 2022, AllianceBernstein Holding owned approximately 36.3% of AllianceBernstein, while Equitable Holdings, Inc. held about 64.5% economic interest.

AllianceBernstein L.P. (AB) has officially unveiled its new corporate headquarters at 501 Commerce in Nashville, Tennessee, covering over 221,000 square feet. The move marks the culmination of nearly four years of planning since relocating from New York in May 2018. The headquarters includes modern workspaces, advanced technology conference rooms, and sustainable design features, achieving LEED Silver certification. As of Q1 2022, AB employed over 1,000 staff in Nashville, aiming for 1,250 by 2024.

AllianceBernstein L.P. (AB) reported a GAAP diluted net income of $0.87 per unit for Q1 2022, with an adjusted diluted net income of $0.90 per unit. Net revenues increased by 10% year-over-year to $1.1 billion. Despite a net outflow of $1 billion from the retail channel, the firm saw a strong total net inflow of $11.4 billion. Operating income was $248 million with a 24.7% margin, down from 30.8% last quarter. Cash distribution per unit remains steady at $0.90.

AllianceBernstein (NYSE: AB) will release its First Quarter 2022 financial results on April 29, 2022, with a teleconference at 8:00 am (CT). The call will be hosted by President and CEO Seth Bernstein, CFO William Siemers, and COO Catherine Burke. Interested parties can access the call via webcast or telephone; details are available on AB's Investor Relations website. A replay will be available post-call for two weeks. As of March 31, 2022, AllianceBernstein Holding owned about 36.3% of AllianceBernstein, with Equitable Holdings holding approximately 64.5%.

AllianceBernstein L.P. reported a decrease in preliminary assets under management to $735 billion for March 2022, down from $740 billion in February, reflecting a 0.7% decline due to market depreciation and net outflows. Private Wealth attracted positive net flows; however, Institutional and Retail channels faced outflows. As of March 31, 2022, AB's financial metrics indicate a need to address outflows to stabilize asset levels.

Equitable Holdings announced that its subsidiary, AllianceBernstein (AB), will acquire CarVal Investors, a global private alternatives investment manager with $14.3 billion in assets under management (AUM). The deal, worth $750 million, will enhance AB's private markets platform to nearly $50 billion in AUM. The acquisition is expected to generate synergies, strengthen AB's position in private credit, and maintain EQH's cash flow at $1.5 billion. The transaction is set to close in Q2 2022 and is neutral to EQH's earnings per share (EPS) in the short term.

AllianceBernstein L.P. (AB) announced its acquisition of CarVal Investors L.P. for an upfront $750 million. CarVal, managing approximately $14.3 billion in assets, focuses on distressed credit and renewable energy investments. This acquisition aims to enhance AB's Private Alternatives business, boosting its assets under management to nearly $50 billion. The transaction will close in Q2 2022, with CarVal retaining its leadership and operational independence. The deal aligns with Equitable's $10 billion investment commitment to AB’s platforms.

AllianceBernstein L.P. (AB) reported a decline in preliminary assets under management, falling to $739 billion in February 2022 from $751 billion at January's end, marking a 2% decrease. This drop was attributed to market depreciation overshadowing positive net inflows from the Institutional & Private Wealth channels, while Retail channels experienced modest outflows. The firm emphasized caution in forward-looking statements due to various risks, including financial market performance and regulatory changes.