| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 68 | 10.8x | 17.8x | Top tier | |
Growth | 47 | -17.2% | 7.1% | Around median | |
Quality | 92 | — | — | Top tier | |
Safety | 100 | — | — | Top tier | |
Capital Return | 35 | — | 2.12% | Bottom tier | |
Momentum | 41 | -6.1% | 2.9% | Around median | |
Sentiment | 61 | 6 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
AllianceBernstein Holding L.P. (AB) is an asset and wealth management company that generates revenue from management and performance fees across fixed income, active equities, private markets, multi-asset and retirement solutions, and Bernstein wealth management. The company ended fiscal Q2 2026 with record assets under management exceeding $905 billion, including $218 billion in insurance, $167 billion in Bernstein Private Wealth, $117 billion in the customized retirement platform, and $91 billion in private markets. Private wealth management contributes approximately 40% of the company’s revenue, while the active SMA and ETF platforms reached $69 billion and more than $20 billion, respectively.
According to AllianceBernstein Holding L.P.’s financial statements, fiscal Q2 2026 revenue and gross profit were both $80.0 million, net income was $71.7 million, and earnings per unit were $0.77, compared with revenue of $92.3 million and net income of $85.2 million in fiscal Q1 2026. On the adjusted basis presented by management, net revenue was $888 million, up 5% year over year, operating income was $293 million, up 7%, and the operating margin expanded by 70 basis points to 33%. Adjusted earnings per unit reached $0.82, up 8% year over year, with 100% of adjusted earnings distributed to unitholders.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $39.25, within a very narrow range of $39 to $39.5, accompanied by a Buy consensus. The average lies within the 52-week range of $34.92–$44.11 but is approximately 11% below its high, reflecting a balance between asset and flow growth and weakness in active equities and pressure from the fee mix; no published price-to-earnings ratio is available to support an additional stable comparison.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
AllianceBernstein Holding L.P.’s financial statements reported revenue of $80.0 million, net income of $71.7 million, and earnings per unit of $0.77. On the adjusted basis used by management, net revenue was $888 million and earnings per unit were $0.82, up 5% and 8% year over year, respectively. Adjusted operating income increased 7% to $293 million, while the operating margin expanded by 70 basis points to 33%.
Management expects to add at least $100 billion of Corebridge assets after the expected closing of the Equitable and Corebridge transaction near the end of 2026. It estimated that 20% to 30% of these assets could come onboard during fiscal 2027, followed by an acceleration during fiscal 2028. Management believes the current infrastructure can absorb the assets at limited incremental cost, but the initial portion may consist of low-fee core fixed income.
Company-wide net inflows reached approximately $800 million in fiscal Q2 2026, ending four consecutive quarters of outflows. The retail channel recorded $31 billion in gross sales and $900 million in net inflows, while institutional net inflows exceeded $5 billion. In contrast, pressures persisted in active equities and taxable fixed income, with outflows of approximately $11 billion and more than $4 billion, respectively.
Private markets assets reached $91 billion in fiscal Q2 2026, then rose to approximately more than $100 billion after the addition of approximately $12 billion of commercial mortgage loans in July 2026. The active ETF platform reached more than $20 billion across 31 strategies, with organic growth of 73% and an annualized revenue rate of approximately $100 million. The SMA platform also reached approximately $69 billion, the customized retirement platform reached $117 billion, and Bernstein Private Wealth reached $167 billion.
Only 23% of equity assets outperformed their benchmarks over one year, compared with 28% over three years and 31% over five years through fiscal Q2 2026. Management attributed the weakness to narrow market leadership associated with beneficiaries of the expansion of artificial intelligence, while AB’s large-cap U.S. growth strategies focus on quality, diversification, and valuation discipline. This coincided with outflows of approximately $11 billion from active equities, despite more than 25 services managing over $45 billion outperforming over the three- and five-year periods.
Management explained during the July 28, 2026 call that it distributes 100% of its adjusted earnings to unitholders. Adjusted earnings per unit were $0.82 in fiscal Q2 2026, up 8% year over year, and the distribution therefore grew at the same rate. The level of distributions remains linked to adjusted earnings, including the impact of performance fees, the fee mix, and expenses.
