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NEW YORK - AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) reported Tuesday that its preliminary assets under management increased to $803 billion in May 2025 from $781 billion at the end of April, representing a 2.8% increase. The company, currently valued at $4.48 billion in market capitalization, is trading near its 52-week high of $41.86, according to InvestingPro data.
The growth was primarily driven by market appreciation, which was partially offset by net outflows, according to a company press release. The firm’s private wealth channel experienced slight inflows during the month, while institutional and retail channels recorded outflows. Trading at a P/E ratio of 10.91 and offering a substantial dividend yield of 7.86%, AllianceBernstein appears undervalued based on InvestingPro’s Fair Value analysis.
By asset category, equity assets rose to $332 billion from $315 billion in April. Fixed income assets showed a modest increase to $296 billion from $295 billion, while alternatives and multi-asset solutions grew to $175 billion from $171 billion.
Within equity assets, actively managed strategies totaled $263 billion, and passive strategies reached $69 billion. Fixed income assets consisted of $207 billion in taxable bonds, $79 billion in tax-exempt securities, and $10 billion in passive strategies.
By distribution channel, institutional assets totaled $329 billion, retail assets were $334 billion, and private wealth management accounted for $140 billion.
AllianceBernstein is a global investment management firm providing services to institutional investors, individuals, and private wealth clients in major markets worldwide. The company has maintained dividend payments for 38 consecutive years and demonstrates strong financial health. Discover more insights about AB and 1,400+ other stocks through comprehensive Pro Research Reports available on InvestingPro.
In other recent news, AllianceBernstein Holding L.P. reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.80 compared to the forecasted $0.79. The company also reported net revenues of $838 million, representing a 5% decline year-over-year but a 6% increase on a like-for-like basis. Despite the dip in net revenues, AllianceBernstein saw an 8% year-over-year increase in base fees, contributing to an improved operating margin of 33.7%. Additionally, the firm experienced a modest decrease in assets under management (AUM) for April 2025, with figures dropping to $781 billion from $785 billion at the end of March, primarily due to net outflows in institutional and retail channels.
In corporate governance updates, AllianceBernstein announced changes to its Board of Directors, with Robin Raju, Chief Financial Officer of Equitable Holdings, Inc., being appointed as a Non-Independent Director. This follows the resignation of Jeff Hurd, Chief Operating Officer of Equitable Holdings, from the same position. These developments were disclosed in an 8-K filing with the Securities and Exchange Commission. The investment firm also noted that its forward-looking statements are subject to various risks, including market performance and regulatory changes, which could affect future results.
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