Alliancebernstein Hldg L P Stock Price, News & Analysis

AllianceBernstein L.P. (AB) announced that its preliminary assets under management rose to $738 billion as of June 30, 2021, up from $731 billion at the end of May. This 1% increase was driven by market appreciation and firm inflows, despite a $1.4 billion net outflow linked to Equitable's legacy variable annuity reinsurance deal with Venerable Holdings. Notably, net inflows in Retail and Private Wealth compensated for Institutional outflows, with no further outflows from AXA S.A.'s fixed-income mandates, now essentially complete.

On June 9, 2021, AllianceBernstein L.P. (NYSE: AB) reported a rise in assets under management (AUM) to $731 billion by May 31, 2021, up from $724 billion at April's end. This 1% increase was driven by net inflows and market appreciation. Notably, Retail and Institutional channels saw positive net inflows, while the Private Wealth segment remained stable. The firm observed $0.8 billion inflows in its Customized Retirement Strategies platform, despite $0.4 billion outflows linked to AXA's redemption of low-fee fixed income mandates, leaving less than $1 billion outstanding.

AllianceBernstein (NYSE: AB) announced that CFO Ali Dibadj will speak at the Morgan Stanley US Financials, Payments and CRE Conference on June 16, 2021, starting at 10:15 a.m. ET. A live audio webcast will be accessible on AB's website, along with a replay. As of March 31, 2021, AllianceBernstein Holding holds approximately 36.5% of AllianceBernstein, while Equitable Holdings owns about 64.3%.

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AllianceBernstein L.P. (AB) has successfully closed its second collateralized loan obligation (CLO), raising $400 million. JPMorgan Chase served as the lead arranger for this transaction. This CLO is part of AB's broader CLO management business, which began in 2019. The firm has a track record of 12 CLO transactions totaling $4.3 billion since 2016. As of April 30, 2021, AB manages $724 billion in client assets. Equitable Holdings (EQH) holds a 64.3% economic interest in AllianceBernstein.

AllianceBernstein L.P. (AB) announced its Lifetime Income Strategy (LIS) retirement solution has exceeded $5 billion in assets under management, doubling its value from the previous year. Designed to secure retirement income, LIS combines personalized portfolios with guaranteed income options, and has been available since 2012. AB attributes this growth to legislative changes and partnerships with multiple insurers. The firm plans to continue expanding LIS to meet diverse retirement needs, promoting financial security for participants.

On May 12, 2021, AllianceBernstein L.P. (AB) reported a rise in preliminary assets under management (AUM) to $724 billion in April 2021, a 3.9% increase from $697 billion in March. The growth was attributed to net inflows across all distribution channels including Institutions, Retail, and Private Wealth, alongside market appreciation. Notably, the Customized Retirement Strategies (CRS) platform attracted inflows of $3.1 billion. However, AUM also included $0.9 billion in outflows linked to AXA S.A.'s redemption of low-fee fixed income mandates, with additional redemptions expected in Q2 2021.

On April 29, 2021, AllianceBernstein (AB) reported robust Q1 2021 results, showing net revenues of $1.0 billion, a 15% increase year-over-year. Active net inflows reached $6.5 billion, marking 4% annualized organic growth. Operating income surged 46% to $261 million, with an operating margin of 25.9%. Cash distribution to Unitholders increased 26.6% to $0.81 per Unit. Despite strong performance and growth across client channels, the firm acknowledged challenges from AXA's redemptions. Overall, assets under management rose 29% year-over-year to $697.2 billion.

AllianceBernstein (AB) has been named the Founding Member of the Corporate Affiliate Program at the inaugural Columbia Climate School, which aims to address climate change challenges through academic and commercial collaboration. This three-year agreement follows a previous phase where AB co-developed a curriculum integrating climate science into portfolio management. The partnership seeks to combine investor insights with scientific research to create innovative solutions for climate risk management, while AB continues to train industry stakeholders on climate finance issues.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) will release their First Quarter 2021 financial results on April 29, 2021. A teleconference will follow at 8:00 am (ET), featuring key executives including President Seth Bernstein. Interested parties can join via webcast or telephone, with details provided in the release. A replay will be available post-call. As of March 31, 2021, AllianceBernstein Holding owned about 36.5% of AllianceBernstein, while AXA Equitable Holdings owned approximately 64.3%.