Asset manager AllianceBernstein's Q3 profit beats estimates as outflows drop

Alliancebernstein Holding LP

23/10/2025 11:29

Overview

AllianceBernstein Q3 revenue beats analyst expectations, growing 4.8% yr/yr

Adjusted EPS for Q3 beats consensus, rising 11.7% yr/yr

Company reports $2.3 bln net outflows, improved from Q2's $6.7 bln outflows

Outlook

AllianceBernstein targets private markets AUM of $90 to $100 bln by 2027

Company expects institutional pipeline AUM to grow in coming quarters from $11.8 bln currently

Result Drivers

TAX-EXEMPT INFLOWS - Inflows into tax-exempt strategies accelerated to $4.1 bln, driven by retail and private wealth gains; Retail channel shows sequential improvement in net flows

PRIVATE ALTERNATIVES - Institutional deployments in private alternative strategies drove $3.2 bln inflows

REINSURANCE IMPACT - $4.0 bln outflows related to Equitable-RGA reinsurance transaction affected results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.13 bln
$887.60 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.86
$0.83 (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 $40.50, about 1.1% above its October 21 closing price of $40.07

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

Press Release: ID:nPnbg5SMFa

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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.)