AllianceBernsteinAB
Market Cap: $3.79B
About: AllianceBernstein provides investment management services to institutional (42% of assets under management), retail (41%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of July 2024, AB had $777 billion in managed assets, composed primarily of fixed-income (37% of AUM) and equity (43%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder.
Employees: 4,707
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
195% more call options, than puts
Call options by funds: $21M | Put options by funds: $7.14M
26% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 19
21% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 68
2% more funds holding
Funds holding: 240 [Q1] → 245 (+5) [Q2]
1.54% less ownership
Funds ownership: 20.42% [Q1] → 18.88% (-1.54%) [Q2]
10% less capital invested
Capital invested by funds: $813M [Q1] → $736M (-$77.4M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Evercore ISI Group John Dunn 50% 1-year accuracy 4 / 8 met price target | 15%upside $38 | Outperform Maintained | 5 Sept 2024 |
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target | 6%upside $35 | Equal-Weight Initiated | 27 Aug 2024 |
TD Cowen Bill Katz 71% 1-year accuracy 15 / 21 met price target | 18%upside $39 | Buy Maintained | 29 Jul 2024 |
TD Cowen Bill Katz 71% 1-year accuracy 15 / 21 met price target | 12%upside $37 | Buy Maintained | 8 Jul 2024 |
Financial journalist opinion
Based on 5 articles about AB published over the past 30 days