- Adjusted net revenue in Q2 was $844.4 million, which is a 2.3% increase compared to last year and above the estimated $832.2 million.
- There were net outflows of $6.7 billion compared to $900 million inflows last year.
- Assets under management increased by 7.7% year-over-year, reaching $829.1 billion.
- Total net revenue grew by 5.9% year-over-year to $1.09 billion.
- Adjusted operating income went up by 7.4% to $273.0 million, exceeding the estimate of $268.8 million.
- The adjusted operating margin improved from 30.8% last year to 32.3% this year.
- Net outflows in taxable fixed income were $2.4 billion, mainly due to overseas redemptions, although US demand saw slight inflows.
- Investor sentiment improved as geopolitical tensions eased, leading to positive returns on risk assets.
- Institutional active net flows were positive, with $1 billion each flowing into taxable fixed income and alternatives/multi-asset categories.
- Private wealth was affected by seasonal tax-related factors, but net new assets continued to grow through reinvested dividends and distributions.
- The company has 2 buy recommendations, 6 hold recommendations, and no sell recommendations from analysts.
“`
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 the Smartkarma Smart Scores, AllianceBernstein Holding LP demonstrates a solid overall outlook. With a top score of 5 in Dividend yield, the company is excelling in providing attractive returns to its investors through regular dividends. Additionally, scoring high in Resilience and Momentum with scores of 4, AllianceBernstein Holding LP showcases stability and a promising growth trajectory. While the Value and Growth scores stand at 3, indicating room for improvement in these areas, the company’s strong performance in Dividend, Resilience, and Momentum bode well for its long-term prospects.
AllianceBernstein Holding LP, an investment management firm, serves a diverse clientele including U.S. public and private employee benefit plans, foundations, pension funds, banks, insurance companies, and high-net-worth individuals globally. With a balanced mix of strengths in dividend yield, resilience, and momentum, combined with opportunities for growth in value and overall growth, AllianceBernstein Holding LP appears well-positioned to continue providing value to its investors while navigating the dynamic landscape of the investment management industry in the long term.
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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