NEW YORK - AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE:AB) reported Wednesday that its preliminary assets under management (AUM) decreased to $865 billion in November from $868 billion at the end of October. The asset manager, with a current market capitalization of $3.74 billion, has seen its stock rise nearly 20% year-to-date despite recent challenges.
The $3 billion decline was primarily attributed to client outflows, while market conditions remained largely flat during the month, according to a company press release.
The outflows were mainly concentrated in the firm’s Institutional segment, with modest outflows also reported in the Retail segment and slight outflows from Private Wealth management.
By asset class, actively managed equity assets decreased to $279 billion from $283 billion in the previous month. Fixed income assets remained stable at $313 billion, while alternative investments and multi-asset solutions increased slightly to $194 billion from $193 billion.
The company’s AUM is distributed across three main client categories: Institutional clients with $352 billion, Retail clients with $359 billion, and Private Wealth clients with $154 billion.
AllianceBernstein, headquartered in Nashville, Tennessee, offers investment management services to institutional investors, individuals, and private wealth clients globally. As of September 30, AllianceBernstein Holding owned approximately 30.8% of AllianceBernstein, while Equitable Holdings, Inc. maintained an approximate 68.5% economic interest in the company. The firm stands out for its impressive 8.47% dividend yield and 38-year track record of consistent dividend payments, according to InvestingPro data. The stock has delivered a 23.84% total return over the past year. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for AB and 1,400+ other US equities through InvestingPro.
In other recent news, AllianceBernstein reported its third-quarter 2025 financial results, which exceeded market expectations. The company achieved an earnings per share of $0.86, surpassing the forecasted $0.85. Revenue also outperformed projections, reaching $1.14 billion compared to the expected $897.08 million, marking a surprise of 27.08%. Additionally, AllianceBernstein announced that its preliminary assets under management rose to $869 billion in October from $860 billion at the end of September. This 1% increase was primarily driven by market appreciation and modest net inflows. Institutional net inflows contributed positively, although they were partially offset by retail net outflows and slight net outflows from private wealth. These developments highlight a period of growth and financial success for the firm.
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