Alliancebernstein Hldg L P Stock Price, News & Analysis

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.

AllianceBernstein reported robust financial results for Q4 and the full year 2021, showcasing a 19% increase in net revenues to $1.3 billion for Q4 and a 20% rise to $4.4 billion for the year. Adjusted operating income surged by 31% in Q4, reaching $394 million, with adjusted diluted net income per unit up 33% to $1.29. Assets Under Management (AUM) rose 14% to $778.6 billion, driven by strong inflows in active equities. However, Bernstein Research revenues declined by 2% year-over-year. The firm anticipates further redemptions from AXA in 2022, estimated at $5 billion.

AllianceBernstein L.P. (AB) reported a decrease in preliminary assets under management, dropping from $779 billion at December 2021 to $751 billion by January 2022, marking a 3.5% decline due to market depreciation. While inflows were reported in the Institutional & Private Wealth channels, Retail flows remained flat. Notably, the Customized Retirement Strategies platform gained $9.6 billion in inflows during the month. The firm's performance reflects continued challenges in maintaining asset levels amid fluctuating market conditions.

AllianceBernstein (AB) announced Noel Archard as the Global Head of ETFs and Portfolio Solutions, effective February 7, 2022. This new role aims to establish a global ETF business, with active ETF offerings planned for later in the year. Archard, with over 20 years of experience, will lead the initiative and report to Onur Erzan. The firm aims to create innovative solutions to meet evolving client needs, leveraging its investment capabilities. As of December 31, 2021, Equitable Holdings, Inc. (EQH) owned approximately 64.5% of AllianceBernstein.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) will announce their Fourth Quarter 2021 financial results on February 11, 2022. A teleconference will follow at 9:00 am (CT), hosted by key executives including President Seth Bernstein and CFO Ali Dibadj. Investors can access the conference via webcast or phone, with details provided in the announcement. A replay will be available for two weeks after the call. As of December 31, 2021, AllianceBernstein Holding owned approximately 36.2% of AllianceBernstein, while Equitable Holdings held about 64.5%.

AllianceBernstein (NYSE: AB) has partnered with Vestmark, Inc. to launch a Custom Municipal SMA Solutions platform. This initiative leverages AB's advanced technology, AbbieOptimizer, to offer customized municipal strategies for financial advisors and institutions. The collaboration aims to address challenges in the municipal market, providing faster funding, better pricing, and tax optimization. Financial advisors can now create personalized portfolios efficiently, enhancing wealth management services. This partnership highlights AB's commitment to innovative tech solutions in investment management.