- Adjusted net revenue for AllianceBernstein in the first quarter was $838.2 million, closely aligning with the estimated $841.8 million, but marking a 5.2% decrease year over year.
- The firm experienced significant net inflows of $2.4 billion, a substantial increase from the $500 million observed in the previous year.
- Total assets under management reached $784.5 billion, which is a 3.4% increase compared to last year.
- Overall net revenue was slightly down by 2.1% year over year, totaling $1.08 billion.
- Adjusted operating income saw a positive increase of 5.7% year over year, reaching $282.7 million, surpassing the estimated $276 million.
- The adjusted operating margin improved significantly to 33.7% from 30.3% the previous year.
- Institutional flows returned to positive territory, largely due to accelerated investments in private alternative strategies.
- The institutional pipeline of assets under management increased to $13.5 billion, showcasing strong relationships with both new and existing clients.
- Analyst recommendations consist of 3 buy ratings and 5 hold ratings, with no sell ratings.
A look at AllianceBernstein Holding LP Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, AllianceBernstein Holding LP seems to have a promising long-term outlook. With a strong dividend score of 5, investors can expect regular income payouts. The company also shows resilience with a score of 4, indicating its ability to withstand market downturns. Additionally, momentum and growth scores of 4 and 3, respectively, suggest a positive trajectory for the company in terms of market performance and potential expansion. While the value score of 3 implies that the stock may not be undervalued, the overall outlook appears to be favorable for investors.
AllianceBernstein Holding LP, an investment management firm, caters to a diverse range of clients globally, offering investment management services to various entities like public and private employee benefit plans, foundations, pension funds, banks, insurance companies, and high-net-worth individuals. With solid scores for dividend, resilience, growth, and momentum, the company seems well-positioned for steady growth and stability in the financial market, making it a potential attractive investment option for those seeking long-term gains.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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