AllianceBernstein (NYSE:AB) Announces Quarterly Earnings Results

AllianceBernstein (NYSE:AB) announced its earnings results on Thursday. The asset manager reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04, FiscalAI reports. The business had revenue of $957.31 million for the quarter, compared to analyst estimates of $956.45 million. AllianceBernstein had a net margin of 6.62% and a return on equity of 19.69%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 earnings per share.

Here are the key takeaways from AllianceBernstein’s conference call:

• Firm reached a record $867 billion in AUM at year-end 2025, driven by market appreciation and organic growth across private wealth, private markets, SMAs and expanding active ETFs.
• Firm-wide active net outflows were $9.4 billion in 2025 (including $22.5 billion of active equity outflows), with retail redemptions and weaker taxable fixed income demand pressuring flows and revenues.
• Private markets AUM grew to $82 billion (up 18% YoY) and AB expects to onboard more than $10 billion of long-duration commercial mortgage assets from Equitable by year-end 2026, supporting higher-fee, long-duration growth.
• Adjusted operating margin expanded to 33.7% for the year and full-year adjusted EPS was $3.33, reflecting disciplined expense management and operating leverage despite planned investments in technology and the commercial mortgage platform.
• Investment performance was mixed—fixed income outperformed (86% of AUM ahead over 1- and 3-year periods), but equities underperformed (only 21% of AUM outperformed over 1 year), which management attributes to leadership concentration and has driven equity redemptions.

AllianceBernstein Stock Down 6.7%

AllianceBernstein stock traded down $2.84 during midday trading on Friday, reaching $39.52. The stock had a trading volume of 1,302,186 shares, compared to its average volume of 501,836. The firm’s 50-day moving average price is $40.14 and its 200 day moving average price is $39.78. The firm has a market capitalization of $3.60 billion, a PE ratio of 13.17, a P/E/G ratio of 1.22 and a beta of 0.87. AllianceBernstein has a 12 month low of $32.28 and a 12 month high of $44.11.

AllianceBernstein Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a $0.96 dividend. This is a boost from AllianceBernstein’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, February 20th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 9.7%. AllianceBernstein’s payout ratio is presently 113.16%.

Institutional Investors Weigh In On AllianceBernstein

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lido Advisors LLC increased its stake in AllianceBernstein by 12.8% during the 3rd quarter. Lido Advisors LLC now owns 17,217 shares of the asset manager’s stock valued at $658,000 after purchasing an additional 1,950 shares in the last quarter. Creative Planning raised its holdings in AllianceBernstein by 3.1% in the 3rd quarter. Creative Planning now owns 15,119 shares of the asset manager’s stock worth $578,000 after acquiring an additional 450 shares during the last quarter. Equitable Holdings Inc. raised its holdings in AllianceBernstein by 8.6% in the 3rd quarter. Equitable Holdings Inc. now owns 21,700 shares of the asset manager’s stock worth $829,000 after acquiring an additional 1,727 shares during the last quarter. Vident Advisory LLC bought a new position in AllianceBernstein in the 3rd quarter valued at approximately $703,000. Finally, Sei Investments Co. boosted its stake in AllianceBernstein by 11.7% during the 3rd quarter. Sei Investments Co. now owns 10,679 shares of the asset manager’s stock valued at $408,000 after purchasing an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 19.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Sanford C. Bernstein reissued a “negative” rating on shares of AllianceBernstein in a research note on Thursday, January 15th. TD Cowen reissued a “hold” rating on shares of AllianceBernstein in a research note on Wednesday, January 14th. Evercore lifted their price target on shares of AllianceBernstein from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Zacks Research cut AllianceBernstein from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Barclays upped their price target on AllianceBernstein from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.17.

AllianceBernstein News Roundup

Here are the key news stories impacting AllianceBernstein this week:

• Positive Sentiment: Company raised its quarterly cash distribution to $0.96 per unit (annualized yield ~9.1%), an 11.6% increase versus the prior quarterly payout — a strong cash-return signal that can support the share price. ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES FOURTH QUARTER RESULTS
• Positive Sentiment: Q4 results: adjusted EPS of $0.96 beat consensus by ~$0.04 and the firm reported record assets under management — evidence of scale and operating leverage that many investors view positively. Q4 Press Release / Slide Deck
• Positive Sentiment: Barclays nudged its price target from $39 to $41 and kept an “equal weight” rating — a modest analyst upgrade that provides some upside support but is not a strong buy signal. Barclays Price Target Raise
• Neutral Sentiment: Company earnings‑call materials and transcripts are available for investors assessing management commentary and detail on flows, AUM mix and capital allocation. Review the call slides/transcript to see management’s outlook and distribution policy. Earnings Call Presentation (Seeking Alpha)
• Negative Sentiment: Management flagged flow headwinds — net outflows in parts of the business were called out on the call and in analyst writeups, which raises concerns about fee revenue sustainability and near‑term organic growth. TipRanks: Flow Headwinds
• Negative Sentiment: Outlook/2025 earnings commentary was weaker: some coverage highlights lower 2025 earnings expectations even as AUM hit a record — revenue was down ~2.7% y/y and EPS is below last year’s level, which pressures the valuation and likely drove selling. Yahoo: Lower 2025 Earnings and Record AUM

AllianceBernstein Company Profile

AllianceBernstein is a global investment management firm that offers a broad range of research-driven strategies across equities, fixed income, multi-asset solutions and alternative investments. The firm provides active and quantitative portfolio management, drawing on in-house research capabilities to serve the needs of institutional clients, private wealth investors and intermediaries. Its product lineup encompasses mutual funds, separately managed accounts and customized investment vehicles designed to meet diverse risk-return objectives.

The firm’s roots date back to 1967 with the founding of Sanford C.