AllianceBernstein Holding presents an unusual combination: an attractively valued asset manager at a forward P/E of 9.4 times with a PEG of 0.25 and a favorable risk/reward of 1.84-to-1, set against quality that has fallen below the minimum acceptable threshold, capitulation-risk momentum with RSI at 28 below the 200-day moving average, and a dividend payout ratio of 946% that far exceeds any plausible earnings coverage.
Thesis pillars
- Deep Value Peg Discount→Stable
- Quality Concerns Below Acceptable Floor→Stable
- Capitulation Risk Momentum→Stable
- +2 more pillars — see the Why tab for full reasoning
AllianceBernstein Holding L.P. (AB) Stock Analysis
Falling Knife setup
Financial Services · Asset Management
Sell if holding. Engine safety override at $35.25: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10. Specifically: Elevated put/call ratio: 1.50; Below-average business quality; Negative price momentum.
AllianceBernstein manages $867 billion in AUM globally through Institutions, Retail, and Private Wealth Management channels, generating approximately $4.5 billion in net revenues in 2025. Retail contributed 55% of net revenues despite representing only 41% of AUM; parent EQH... Read more
Sell if holding. Engine safety override at $35.25: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10. Specifically: Elevated put/call ratio: 1.50; Below-average business quality; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 34, MACD bearish. Score 6.0/10, moderate confidence.
Passes 6/9 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 23d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: aggressive.
About AllianceBernstein Holding L.P.
About AllianceBernstein Holding L.P.
AllianceBernstein managed $867 billion in AUM at December 31, 2025, up from $792 billion a year earlier, generating approximately $4.5 billion in net revenues. The Retail channel represented 41% of AUM but contributed 55% of 2025 net revenues, while the Institutional channel (41% of AUM) generated 15% of net revenues and Private Wealth Management (18% of AUM) contributed 28%. EQH and its subsidiaries — the firm's parent — accounted for about 16% of total AUM and approximately 4% of net revenues.
AllianceBernstein earns fees primarily as a percentage of AUM across equity, fixed income, alternatives, and multi-asset strategies. Retail distribution runs through financial intermediaries including broker-dealers, insurance representatives, banks, registered investment advisers, and other channels; U.S. Fund AUM was $75 billion (21% of retail AUM) at year-end 2025, with non-U.S. Fund AUM at $131 billion (37%). No single institutional client other than EQH accounts for more than approximately 1% of net revenues. Performance-based fees contributed $185.3 million in 2025 versus $271.0 million in 2024, representing 4.5% of total AUM. The company relocated many positions to its new corporate headquarters in Nashville, Tennessee. AllianceBernstein faces ongoing pressure from passive investment providers, whose relative outperformance versus active strategies has reduced inflows to active managers and may continue to weigh on fee rates.
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EQH's investment management agreements with AllianceBernstein are terminable at any time or on short notice by either party, with no contractual obligation for EQH to maintain any specified AUM level. In the institutional channel, EQH accounted for 26% of institutional AUM and 26% of institutional revenues in 2025. The 10-K discloses that termination of these agreements could have a material adverse effect on AllianceBernstein's business and financial condition — a counterparty concentration not mitigated by lock-ups or minimum-AUM commitments.
See also: Financial Services · Asset Management
From AllianceBernstein Holding L.P.'s most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-29Recent Developments — AllianceBernstein Holding L.P.
Latest news
- NEWS AllianceBernstein Holding L.P. Limited Partnership Units 2026 Q1 - Results - Earnings Call Presentation - Seeking Alpha — Seeking Alpha neutral
- NEWS Investment Management Company AllianceBernstein Grows Despite COVID-19 - stockinvestor.com — stockinvestor.com positive
- NEWS Investment Management Company AllianceBernstein Grows Despite COVID-19 - Stock Investor — Stock Investor positive
- NEWS Elekta AB stock: Trading at a potential 48% discount to fair value - AD HOC NEWS — AD HOC NEWS positive
- NEWS AllianceBernstein (NYSE:AB) Stock Passes Below 50-Day Moving Average - What's Next? - MarketBeat — MarketBeat negative
Generated 2026-06-29T23:58:55Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerEQH (parent company)4.0%10-K Item 1A: 'EQH, our parent company, and its subsidiaries are our largest client, representing about 16% of our AUM as of December 31, 2025, and contributing approximately 4% of our net revenues'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $35.25: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.0/10. Specifically: Elevated put/call ratio: 1.50; Below-average business quality; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 34, MACD bearish. Prior stop was $34.50. Score 6.0/10, moderate confidence.
Take-profit target: $36.86 (+2.8% upside). Prior stop was $34.50. Stop-loss: $34.50.
Target reached (-5.0% upside); Quality below floor (3.0 < 4.0).
AllianceBernstein Holding L.P. trades at a P/E of 11.1 (forward 9.4). TrendMatrix value score: 8.2/10. Verdict: Sell.
15 analysts cover AB with a consensus score of 3.8/5. Average price target: $39.
What does AllianceBernstein Holding L.P. do?AllianceBernstein manages $867 billion in AUM globally through Institutions, Retail, and Private Wealth Management...
AllianceBernstein manages $867 billion in AUM globally through Institutions, Retail, and Private Wealth Management channels, generating approximately $4.5 billion in net revenues in 2025. Retail contributed 55% of net revenues despite representing only 41% of AUM; parent EQH accounts for 16% of total AUM and approximately 4% of net revenues.