AllianceBernstein Q4 adjusted EPS beats analyst expectations on record AUM

Alliancebernstein Holding LP

05/02/2026 11:28

Overview

Investment manager's Q4 adjusted EPS beat analyst expectations

Company reported record $867 bln assets under management, up 9.4% yr/yr

Q4 net revenues fell 2.7% yr/yr, driven by lower performance-based fees

Outlook

AllianceBernstein expects to onboard over $10 bln of commercial mortgage loan assets by end of 2026

Company anticipates growing institutional pipeline AUM by $3 bln through strategic insurance partnerships

AllianceBernstein remains focused on disciplined capital deployment amid macroeconomic uncertainty

Result Drivers

ASSETS UNDER MANAGEMENT - Record $867 bln AUM achieved, driven by strong sales in ultra-high-net-worth and private markets

NET OUTFLOWS - Firmwide active net flows turned negative with $9.4 bln net outflows, driven by $22.5 bln net redemptions in active equities

TAX-EXEMPT INFLOWS - Tax-exempt fixed income saw $11.6 bln net inflows, offsetting taxable outflows

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.22 bln
$956.08 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$0.96
$0.92 (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for AllianceBernstein Holding LP is $41.00, about 3.4% below its February 4 closing price of $42.45

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn3yfnGga

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)