AllianceBernstein ended September 2026 with $900.4 billion in assets under management, down 0.6% sequentially but up 4.7% year over year. While base fee rates dropped year over year, adjusted third-quarter revenue rose 2.2% to $904 million as adjusted operating margins fell 70 basis points to 33.5%.
With 37% of its AUM invested in global/international funds, and 24% of its managed assets sourced from non-US domiciled clients, we consider AB to be a more global asset manager than its US-based peers.
Despite generating much of its fixed-income AUM growth from the Asia-Pacific region, flows for bond funds have been pressured during periods of rising rates.
|
Metric
|
AB
|
IVZ
|
BEN
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.17 | 11.33 | 11.15 |
Price/Book Value | 2.64 | 0.99 | 1.35 |
Price/Sales | 9.52 | 1.81 | 1.73 |
Price/Cash Flow | 10.43 | 6.87 | 17.60 |
|
Metric
|
AB
|
IVZ
|
BEN
|
|---|---|---|---|
Quick Ratio | — | 6.82 | 2.84 |
Current Ratio | — | 6.82 | 2.84 |
Interest Coverage | — | −2.05 | 18.11 |
|
Metric
|
AB
|
IVZ
|
BEN
|
|---|---|---|---|
Return on Assets (Normalized) | 65.27% | 4.12% | 4.49% |
Return on Equity (Normalized) | 65.32% | 11.11% | 12.50% |
Return on Invested Capital (Normalized) | — | 5.84% | 5.01% |
|
1-Day Chart
|
Name
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Price
|
Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
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United States