Back to top

Image: Bigstock

AllianceBernstein April AUM Up 2.3% on Market Appreciation

Read MoreHide Full Article

AllianceBernstein Holding L.P. (AB - Free Report) has announced assets under management (AUM) for April 2019. The company’s preliminary month-end AUM of $568 billion increased 2.3% from the prior month. Market appreciation and total net inflows were the primary reasons for this rise.

At the end of the reported month, AllianceBernstein’s Equity AUM grew 3.3% sequentially to $218 billion. Further, Fixed Income AUM rose 1.1% from March 2019 to $284 billion. Others AUM (including certain multi-asset services and solutions, and certain alternative investments) increased 4.8% to $66 billion.

By channel, month-end Institutions AUM of $262 billion increased 1.9% from the March 2019 level. Moreover, Retail AUM increased 3.5% sequentially to $202 billion. Private Wealth AUM also rose 1% to $97 billion.

Improvement in AUM and higher revenues are expected to support AllianceBernstein’s financials. Over the past year, the stock has rallied 7.2% against the industry’s decline of 11.4%.


 

AllianceBernstein currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Asset Managers

Franklin Resources (BEN - Free Report) has announced preliminary AUM by its subsidiaries of $720.5 billion for April 2019. Results display 1.2% growth from the $712.3 billion recorded as of Mar 31, 2019. Net market gains, partially offset by net outflows, led to this upside. However, the figure dipped 1.6% from the previous year.

Invesco’s (IVZ - Free Report) preliminary month-end AUM of $975.2 billion increased 2.1% from the prior month. The rise was primarily driven by favorable market returns, increase in money market AUM, non-management fee earning AUM inflows, net long-term inflows and reinvested distributions.

Cohen & Steers (CNS - Free Report) reported preliminary AUM of $63.1 billion as of Apr 30, 2019, up nearly 1% from the prior-month level. Market appreciation of $178 million and net inflows of $428 million aided this upswing.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>



More from Zacks Analyst Blog

You May Like