Alliancebernstein Hldg L P Stock Price, News & Analysis

AllianceBernstein (AB) has been accepted as a signatory to the UK Stewardship Code for the fourth consecutive year. This code sets high standards for those investing on behalf of UK savers and pensioners. AB's Global Stewardship Statement and 2023 Report provides an overview of their activities in corporate responsibility, responsible investing, and stewardship.

Key highlights include:

• 80% of AB's actively managed AUM integrates material ESG considerations
• AB received a 100% score on the Human Rights Campaign's Corporate Equality Index
• The company opened a new London office with a BREEAM 'outstanding' rating
• AB developed partnerships with eCornell and Columbia Climate School
• The firm introduced a Climate Transition Alignment Framework (CTAF)

AllianceBernstein (NYSE: AB) reported its Q2 2024 financial results. GAAP diluted net income per unit was $0.99, a significant increase of 86.8% year-over-year. Adjusted diluted net income per unit was $0.71. The firm declared a cash distribution of $0.71 per unit. Net revenues rose 1.9% year-over-year to $1.03 billion, while operating income increased 5.6% to $199 million. However, sequentially, net revenues fell 6.9% and operating income dropped 17.6% from Q1 2024. Ending assets under management (AUM) were $769.5 billion, up 11.3% year-over-year. Retail channel net inflows were $2.8 billion, while institutional net outflows improved but remained negative at $1.8 billion. Adjusted operating income increased 15% year-over-year, with an adjusted operating margin of 30.8%. Investment performance improved in equities and remained strong in fixed income.

AllianceBernstein (NYSE: AB) has launched its fifteenth actively managed ETF, the AB International Low Volatility Equity ETF (ILOW), on the New York Stock Exchange. ILOW aims for long-term capital growth by investing in large-cap and mid-cap non-U.S. companies, with a focus on managing share price volatility. This launch strengthens AB's position in the equities space and expands its ETF platform, which has surpassed $3 billion in active ETF AUM.

Noel Archard, AB's Global Head of ETFs and Portfolio Solutions, emphasized the company's commitment to creating model-friendly products suitable for periods of growth and volatility. Nelson Yu, AB's Head of Equities, highlighted the firm's experienced investment professionals and their understanding of market cycles as complementary to this launch.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) have announced the release of their Second Quarter 2024 financial and operating results on July 26, 2024, before market open. A teleconference hosted by key executives, including CEO Seth Bernstein, CFO Jackie Marks, and Head of Global Client Group and Private Wealth Onur Erzan, will follow at 9:00 am (CT) to discuss the results. The call can be accessed via webcast or telephone. For webcast access, visit AB's Investor Relations website 15 minutes prior for setup. For telephone access, dial the provided numbers 10 minutes before the start time. A replay will be available one hour after the call on their Investor Relations site.

On July 10, 2024, AllianceBernstein (AB) announced its assets under management (AUM) increased to $769 billion as of June 30, 2024, up from $757 billion at the end of May 2024. This 1.6% rise was driven by market appreciation, slightly offset by net outflows. By channel, net inflows in Private Wealth were balanced by net outflows in Institutions, while Retail flows remained flat. The detailed breakdown includes $330 billion in equity (both actively and passively managed), $293 billion in fixed income (including taxable, tax-exempt, and passive), and $146 billion in alternatives/multi-asset solutions.

AllianceBernstein (AB) has announced the opening of applications for its 'ReInvest' returnship program. The six-month initiative is designed for professionals in Nashville or New York who are looking to re-enter the workforce after a career break. Participants will enhance their skills, attend workshops, and receive mentorship from AB leaders. The program aligns with AB's commitment to responsible investing, integrating ESG factors into 70% of its assets under management, which total $759 billion as of March 31, 2024. AB emphasizes strong organizational culture, diversity, and mentorship to empower both employees and clients. Interested individuals can apply through the company's website.

Artificial intelligence (AI) poses significant ethical challenges and regulatory uncertainties for investors. The key is focusing on transparency and explainability. AI ethical issues impact developers, their clients, and society, creating risks throughout the investment chain. Regulatory efforts vary globally, with uneven development of AI regulations adding to investor uncertainty. Brand risks from AI include biases in data, which can lead to discrimination and legal actions. Investors should scrutinize regulatory environments, understand AI's ethical landscape, and engage with companies on responsible AI practices. Fundamental analysis and proactive engagement are important in navigating AI risks.

AllianceBernstein (AB) and AllianceBernstein Holding (AB Holding) reported a 3% increase in assets under management (AUM), rising from $736 billion at the end of April 2024 to $757 billion as of May 31, 2024. This growth was driven by market appreciation and net inflows across the firm's Retail and Institutional segments, though there were slight net outflows in the Private Wealth channel. The detailed breakdown shows an increase in both equity and fixed income assets, as well as growth in multi-asset solutions.

AllianceBernstein (AB) is celebrating Pride Month with a series of events organized by its Employee Resource Group, ABOut. AB emphasizes its commitment to corporate responsibility, responsible investing, and stewardship, integrating environmental, social, and governance (ESG) factors into approximately 70% of its actively managed strategies. As of March 31, 2024, AB manages $759 billion in assets, with $528 billion ESG-integrated. AB's mission is to help clients achieve their investment goals while promoting diversity, inclusion, and integrity. The firm has been a signatory to the Principles for Responsible Investment since 2011.