AllianceBernsteinAB
Market Cap: 4.03B
About: AllianceBernstein provides investment management services to institutional (43% of assets under management), retail (40%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of January 2024, AB had $726 billion in managed assets, composed primarily of fixed-income (39% of AUM) and equity (43%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary (which has been put in available-for-sale status following the joint venture agreement with Societe Generale).
Employees: 4,707
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
125% more call options, than puts
Call options by funds: $20.6M | Put options by funds: $9.14M
46% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 56
14% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 29
6% more capital invested
Capital invested by funds: $683M [Q4 2023] → $722M (+$39.3M) [Q1 2024]
2% more funds holding
Funds holding: 229 [Q4 2023] → 233 (+4) [Q1 2024]
1.53% less ownership
Funds ownership: 19.68% [Q4 2023] → 18.14% (-1.53%) [Q1 2024]
Research analyst outlook
4 Wall Street Analysts provided 1 year price forecasts over the past 6 months
4 analyst ratings
TD Cowen Bill Katz | 6%upside $37 | Buy Maintained | 8 Jul 2024 |
TD Cowen Bill Katz | 12%upside $39 | Buy Maintained | 29 Apr 2024 |
B of A Securities Craig Siegenthaler | 46%upside $51 | Buy Maintained | 29 Apr 2024 |
Evercore ISI Group John Dunn | 9%upside $38 | Outperform Maintained | 8 Mar 2024 |
Financial journalist opinion
Based on 5 articles about AB published over the past 30 days