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AB Stock Analysis: Top Mid-Cap Hold (Score 59.6/100) | Blank Capital Research | Blank Capital Research
AB
ALLIANCEBERNSTEIN HOLDING L.P.
$38.03
-0.23 (-0.60%)
Score59.6
Data as of Apr 6, 2026
AB
ALLIANCEBERNSTEIN HOLDING L.P.
FinancialsTrading
$38.03
-0.23 (-0.60%)
Open $38.03High $38.24Low $37.80Prev $38.26Vol ---52W: $32.28 – $44.11
Hold
Composite score
01234567890123456789.0123456789
Global rank
#533
Percentile
Top 12%
Business quality
94th
percentile
Exceptional capital efficiency and structural profitability. This enterprise generates superior returns on invested capital compared to industry peers.
Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 93.6GRADE A+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
27.9%
Sector: 8.5%
Dividend Analysis audit
HIGH RISK
8.84%
Trailing Yield
$8.84
Per $100 Invested
High yield may not be sustainable given weak profitability.
Est. Payout Ratio
89%HIGH
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, ALLIANCEBERNSTEIN HOLDING L.P. (AB) receives a "Hold" rating with a composite score of 59.6/100, ranked #533 out of 4446 stocks. Key factor scores: Quality 94/100, Value 35/100, Momentum 43/100. This is quantitative analysis only — not investment advice.
ALLIANCEBERNSTEIN HOLDING L.P. (AB) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does ALLIANCEBERNSTEIN HOLDING L.P. Do?
AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations, and other business entities. The firm invests in public equity, fixed income, and alternative investment markets across the globe. It employs long/short strategy to make its investments. The firm conducts in-house research to make its investments. AllianceBernstein Holding L.P. was founded in 1987 and is based in New York, New York. ALLIANCEBERNSTEIN HOLDING L.P. (AB) is classified as a mid-cap stock in the Financials sector, specifically within the Trading industry. The company is led by CEO Seth P. Bernstein and employs approximately 4,440 people, headquartered in NEW YORK, Tennessee. With a market capitalization of $3.5B, AB is one of the notable companies in the Financials sector.
ALLIANCEBERNSTEIN HOLDING L.P. (AB) Stock Rating — Hold (April 2026)
As of April 2026, ALLIANCEBERNSTEIN HOLDING L.P. receives a Hold rating with a composite score of 59.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.AB ranks #533 out of 4,446 stocks in our coverage universe. Within the Financials sector, ALLIANCEBERNSTEIN HOLDING L.P. ranks #168 of 891 stocks, placing it in the top quartile of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
AB Stock Price and 52-Week Range
ALLIANCEBERNSTEIN HOLDING L.P. (AB) currently trades at $38.03. The stock lost $0.23 (0.6%) in the most recent trading session. The 52-week high for AB is $44.11, which means the stock is currently trading -13.8% from its annual peak. The 52-week low is $32.28, putting the stock 17.8% above its annual trough. Recent trading volume was 145K shares, suggesting relatively thin trading activity.
Is AB Overvalued or Undervalued? — Valuation Analysis
ALLIANCEBERNSTEIN HOLDING L.P. (AB) carries a value factor score of 35/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 10.04x, compared to the Financials sector average of 14.88x — a discount of 33%. The price-to-book ratio stands at 2.80x, versus the sector average of 1.22x.
At current multiples, ALLIANCEBERNSTEIN HOLDING L.P. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
ALLIANCEBERNSTEIN HOLDING L.P. Profitability — ROE, Margins, and Quality Score
ALLIANCEBERNSTEIN HOLDING L.P. (AB) earns a quality factor score of 94/100, reflecting elite profitability and capital efficiency that places it among the highest-quality businesses in the market. The return on equity (ROE) is 27.9%, compared to the Financials sector average of 8.5%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 27.8% versus the sector average of 1.2%.
These metrics collectively paint a picture of a highly profitable business with durable competitive advantages.
AB Debt, Balance Sheet, and Financial Health
ALLIANCEBERNSTEIN HOLDING L.P. has a debt-to-equity ratio of 0.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 745.22x, indicating strong short-term liquidity. Total debt on the balance sheet is $0.
AB has a beta of 0.69, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for ALLIANCEBERNSTEIN HOLDING L.P. is 83/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
ALLIANCEBERNSTEIN HOLDING L.P. Revenue and Earnings History — Quarterly Trend
In TTM 2026, ALLIANCEBERNSTEIN HOLDING L.P. reported revenue of $0. Net income for the quarter was $345M. Operating income came in at $0.
In FY 2025, ALLIANCEBERNSTEIN HOLDING L.P. reported revenue of N/A. Net income for the quarter was $300M.
In Q3 2025, ALLIANCEBERNSTEIN HOLDING L.P. reported revenue of $0 and earnings per share (EPS) of $0.79. Net income for the quarter was $74M. Operating income came in at $0.
In Q2 2025, ALLIANCEBERNSTEIN HOLDING L.P. reported revenue of N/A. Net income for the quarter was $70M.
Over the past 8 quarters, ALLIANCEBERNSTEIN HOLDING L.P. has experienced revenue contraction from $0 to $0. Investors analyzing AB stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
AB Dividend Yield and Income Analysis
ALLIANCEBERNSTEIN HOLDING L.P. (AB) currently pays a dividend yield of 8.8%. At this yield, a $10,000 investment in AB stock would generate approximately $$884.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning AB offers above-average income for its sector.
AB Momentum and Technical Analysis Profile
ALLIANCEBERNSTEIN HOLDING L.P. (AB) has a momentum factor score of 43/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.
AB vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing AB against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AB vs S&P 500 (SPY) comparison to assess how ALLIANCEBERNSTEIN HOLDING L.P. stacks up against the broader market across all factor dimensions.
AB Next Earnings Date
No upcoming earnings date has been announced for ALLIANCEBERNSTEIN HOLDING L.P. (AB) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy AB? — Investment Thesis Summary
ALLIANCEBERNSTEIN HOLDING L.P. presents a balanced picture with arguments on both sides. The quality score of 94/100 indicates above-average profitability and business fundamentals. The value score of 35/100 indicates premium valuation. Low volatility (stability score 83/100) reduces downside risk.
In summary, ALLIANCEBERNSTEIN HOLDING L.P. (AB) earns a Hold rating with a composite score of 59.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AB stock.
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Institutional Research Dossier
ALLIANCEBERNSTEIN HOLDING L.P. (AB) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
AllianceBernstein Holding L.P. (AB) receives a Hold rating, driven by a mixed assessment of its financial performance and valuation. While the company exhibits strong profitability and stability metrics, its growth prospects and capital allocation efficiency raise concerns. The current valuation, although seemingly attractive based on P/E relative to the sector, requires careful consideration given the lack of revenue growth and potential challenges in maintaining current profitability levels.
The primary takeaway is that AB presents a complex investment case. Its high Quality and Stability scores, coupled with a low Beta, suggest a relatively safe haven in volatile markets. However, the low Value, Investment, and Momentum scores indicate potential headwinds in terms of future growth and investor sentiment. A neutral stance is warranted until there is clearer evidence of improved capital allocation and revenue generation.
Business Strategy & Overview
AllianceBernstein operates as a global investment management firm, providing a range of investment solutions across asset classes, including equities, fixed income, and alternative investments. The firm caters to a diverse clientele, encompassing institutional investors, high-net-worth individuals, and retail investors. AB's revenue model is primarily driven by asset-based fees, where fees are calculated as a percentage of assets under management (AUM). Performance-based fees also contribute to revenue, contingent upon the firm's ability to generate superior investment returns for its clients.
A key aspect of AB's strategy involves leveraging its research capabilities to inform investment decisions. The firm employs a team of analysts who conduct in-house research across various sectors and geographies. This research is then integrated into the investment process, aiming to identify undervalued securities and generate alpha for clients. Furthermore, AB emphasizes a collaborative approach, fostering communication and knowledge sharing among its investment teams.
AB has been actively expanding its presence in alternative investments, including private equity, real estate, and hedge funds. This diversification strategy aims to enhance revenue streams and cater to the growing demand for alternative investment solutions. The firm has also been investing in technology and data analytics to improve investment performance and client service. These investments are intended to streamline operations, enhance risk management, and provide clients with more personalized investment experiences.
The competitive landscape for AB is characterized by intense competition from other global asset managers, including BlackRock, Vanguard, and State Street. These firms offer similar investment products and services, often at competitive fee structures. AB differentiates itself through its research capabilities, investment performance, and client service. However, maintaining a competitive edge requires continuous innovation and adaptation to evolving market conditions and client preferences.
Execution Benchmarks audit
Return on Equity
Equity capital efficiency
27.9%
Sector: 8.5%
+227% VS SCTR
Economic Moat Analysis
AllianceBernstein's economic moat can be classified as Narrow. While the firm possesses certain advantages, they are not strong enough to warrant a Wide moat rating. The primary source of AB's moat stems from its intangible assets, specifically its brand reputation and investment expertise. The firm has a long track record of managing assets for institutional and retail clients, which has helped it build a strong brand name in the investment management industry.
The value of AB's brand is reflected in its ability to attract and retain clients, even in the face of market volatility and competitive pressures. However, the investment management industry is highly competitive, and brand loyalty can be fickle. Clients are often willing to switch to other firms if they perceive better investment performance or lower fees. Therefore, AB's brand advantage is not insurmountable.
Another potential source of AB's moat is its investment expertise. The firm employs a team of experienced investment professionals who conduct in-house research and manage client portfolios. This expertise can lead to superior investment performance, which can attract and retain clients. However, investment performance is inherently volatile and unpredictable. Even the best investment managers can experience periods of underperformance, which can erode client confidence and lead to asset outflows.
Furthermore, the investment management industry is becoming increasingly commoditized, with the rise of passive investment strategies and exchange-traded funds (ETFs). These products offer low-cost alternatives to actively managed funds, which can put pressure on AB's fees and profitability. While AB offers a range of active investment strategies, it faces the challenge of demonstrating its value proposition in a world where passive investing is gaining traction.
Switching costs in the investment management industry are relatively low. Clients can easily move their assets from one firm to another, without incurring significant penalties or transaction costs. This lack of switching costs makes it easier for clients to switch to competitors, which limits AB's ability to retain clients and maintain its market share. Therefore, while AB possesses some intangible assets and investment expertise, its moat is not particularly strong. The firm faces intense competition, volatile investment performance, and the rise of passive investing, which all pose challenges to its long-term profitability and growth.
Financial Health & Profitability
AllianceBernstein's financial health presents a mixed picture. The company boasts a strong balance sheet with no debt and a high current ratio of 745.22, indicating excellent liquidity and short-term solvency. This provides a significant cushion against unforeseen economic downturns or operational challenges. However, the lack of revenue data makes it difficult to assess the company's top-line performance and growth trajectory.
Net income has fluctuated over the past few years, with $299.84M in the trailing twelve months (TTM), $423.37M in FY2024, and $264.18M in FY2023. This volatility suggests potential challenges in maintaining consistent profitability. While the TTM net income is a positive sign, the absence of revenue data makes it impossible to determine the underlying drivers of this profitability.
The company's return on equity (ROE) of 27.9% is significantly higher than the sector average of 8.5%, indicating efficient utilization of equity to generate profits. However, the lack of gross, operating, and net margin data hinders a comprehensive assessment of the company's cost structure and operational efficiency. Without these metrics, it is difficult to determine whether the high ROE is sustainable in the long term.
Free cash flow (FCF) has been relatively low, with $1.30M in the latest quarter and $1.48M in FY2024. This raises concerns about the company's ability to generate cash from its operations. While the company has no debt, low FCF could limit its ability to invest in growth initiatives, return capital to shareholders, or weather economic downturns.
Compared to the financials sector, AB's P/E ratio of 9.9x is lower than the sector average of 15.5x, suggesting that the company may be undervalued relative to its peers. However, the lack of revenue growth and the volatility in net income warrant caution. The company's EV/EBITDA is not available, further limiting the valuation analysis.
Valuation Assessment
AllianceBernstein's valuation presents a complex picture. The company's P/E ratio of 9.9x is significantly lower than the financials sector average of 15.5x, suggesting that the stock may be undervalued relative to its peers. However, this seemingly attractive valuation must be considered in the context of the company's lack of revenue growth and fluctuating net income.
The absence of revenue data makes it difficult to assess the company's growth prospects and determine whether the current valuation is justified. Without revenue growth, the company's earnings potential may be limited, which could constrain its ability to generate shareholder value in the long term. Furthermore, the volatility in net income raises concerns about the sustainability of the company's current profitability levels.
The company's free cash flow (FCF) yield is also a key consideration. With an FCF of $1.30M in the latest quarter and a market cap of $3.42B, the FCF yield is relatively low. This suggests that the company is not generating a significant amount of cash relative to its market value, which could limit its ability to return capital to shareholders or invest in growth initiatives.
Compared to its historical valuation, AB's current P/E ratio may be lower than its historical average, suggesting that the stock may be undervalued relative to its past performance. However, it is important to consider whether the company's current financial performance and growth prospects are comparable to its historical performance. If the company's growth prospects have deteriorated, then a lower valuation may be warranted.
Overall, AB's valuation appears to be mixed. While the company's P/E ratio is lower than the sector average, the lack of revenue growth, fluctuating net income, and low FCF yield raise concerns about its long-term growth potential. A more comprehensive valuation analysis would require additional data, including revenue growth rates, earnings forecasts, and comparable company analysis.
Risk & Uncertainty
AllianceBernstein faces several specific risks that could impact its financial performance and valuation. One of the primary risks is market volatility. As an asset manager, AB's revenue is directly tied to the value of its assets under management (AUM). Significant market downturns can lead to a decline in AUM, which in turn reduces the firm's fee revenue. This cyclicality can create volatility in AB's earnings and cash flow.
Another key risk is competition. The asset management industry is highly competitive, with numerous firms vying for the same clients and assets. AB competes with large, well-established players, as well as smaller, boutique firms. Increased competition can lead to fee compression, which can negatively impact AB's profitability. Furthermore, the rise of passive investing and low-cost ETFs poses a threat to AB's active management strategies.
Client concentration is another potential risk. If AB relies heavily on a small number of large clients, the loss of one or more of these clients could have a significant impact on its AUM and revenue. Diversifying its client base is crucial for mitigating this risk.
Regulatory changes also pose a risk to AB. The asset management industry is subject to extensive regulation, and changes in regulations can impact the firm's operations and profitability. For example, new regulations related to fee disclosure or fiduciary duty could increase compliance costs or limit AB's ability to generate revenue.
Bulls Say / Bears Say
The Bull Case
BULL VIEWAllianceBernstein's high Quality score of 94 indicates strong profitability and efficient capital management, suggesting the company can continue to generate substantial earnings.
BULL VIEWThe company's Stability score of 85 and low Beta of 0.69 suggest it is a defensive investment that will outperform during market downturns.
BULL VIEWThe low P/E ratio of 9.9x compared to the sector average of 15.5x indicates that the stock is undervalued and has significant upside potential.
The Bear Case
BEAR VIEWThe lack of revenue data and low Investment score of 25 raise concerns about the company's ability to grow its business and generate future returns.
BEAR VIEWThe low Free Cash Flow and fluctuating net income indicate potential challenges in maintaining consistent profitability and returning capital to shareholders.
BEAR VIEWThe intense competition in the asset management industry and the rise of passive investing pose a threat to AllianceBernstein's active management strategies and fee revenue.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score AB and 4,400+ other equities.
ALLIANCEBERNSTEIN HOLDING L.P. exhibits a 48% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
27.8%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
—
Sector: 0.0%
Operating Margin
Core business profitability
—
Sector: 21.8%
Net Margin
Bottom-line profitability
—
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta+256%
Income Projection audit
A $10,000 investment would generate approximately $884 annually in dividends at the current trailing rate.
