AB Intrinsic Value – AllianceBernstein November AUM Climbs 6.7% Thanks to Market Strength and Net Inflows
December 12, 2023
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ALLIANCEBERNSTEIN HOLDING L.P ($NYSE:AB). is a leading global investment management firm that specializes in providing personalized services to investors worldwide. It provides clients with a wide range of services, including customized research and advice, portfolio management, and asset allocation services. November was a good month for ALLIANCEBERNSTEIN HOLDING L.P., as its assets under management (AUM) saw a 6.7% increase. This increase was driven by market strength and strong net inflows, which highlights the company’s ability to attract new clients through its comprehensive offerings. The AUM increase was particularly notable due to the current market environment, where many investment companies have struggled to secure investor confidence.
This uptick in AUM indicates that investors have responded positively to ALLIANCEBERNSTEIN HOLDING L.P.’s approach to asset management. ALLIANCEBERNSTEIN HOLDING L.P.’s success in November is likely to continue in the coming months, as the company looks to capitalize on its strong performance and continue to attract more investors. With its comprehensive range of services and experienced team of professionals, ALLIANCEBERNSTEIN HOLDING L.P. has shown itself to be an attractive option for investors looking for a reliable asset management partner.
Analysis – AB Intrinsic Value
GoodWhale’s analysis of ALLIANCEBERNSTEIN HOLDING L.P’s wellbeing reveals that the company’s intrinsic value stands at $32.1, as calculated by our proprietary Valuation Line. This suggests that the stock, which is currently trading at $29.8, is undervalued by 7.1% – representing a fair price for investors. We believe that with this price level investors can benefit from sound returns over the long-term while providing safety and security to their portfolios. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AB. More…
| Total Revenues | Net Income | Net Margin |
| 283.15 | 248.77 | 87.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AB. More…
| Operations | Investing | Financing |
| 295.12 | -1.59 | -293.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.97k | 0.55 | 17.64 |
Key Ratios Snapshot
Some of the financial key ratios for AB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.3% | – | – |
| FCF Margin | ROE | ROA |
| 104.2% | 8.8% | 9.0% |
Peers
The company competes with WisdomTree Investments Inc, Ashmore Group PLC, and Onex Corporation. All four companies offer a wide range of investment products and services.
– WisdomTree Investments Inc ($NASDAQ:WETF)
Ashmore Group PLC is a United Kingdom-based investment management company. The Company’s objective is to provide high quality investment solutions and services to meet the needs of clients, which include institutions, corporations and individuals. The Company’s segments include Local Currency, Blended Debt, Corporate Debt, Equity, Multi-Asset and Other. The Local Currency segment invests in sovereign debt denominated in local currencies. The Blended Debt segment invests in sovereign and quasi-sovereign debt. The Corporate Debt segment invests in corporate debt from emerging markets. The Equity segment invests in stocks of companies in emerging markets. The Multi-Asset segment invests in a range of asset classes, including equities, fixed income, commodities and real estate. The Other segment includes the Company’s cash and cash equivalents.
– Ashmore Group PLC ($LSE:ASHM)
Onex Corporation is a private equity and investment management firm with a market cap of 5.84B as of 2022. The company has a Return on Equity of 5.95%. Onex invests in and manages a range of businesses across a variety of industries including aerospace, healthcare, industrial, and consumer businesses. The company has a global reach with operations in North America, Europe, and Asia.
Summary
AllianceBernstein Holding L.P. (AB) has seen strong performance in November, with a 6.7% increase in assets under management (AUM) due to market strength and net inflows. The company’s long-term strategy of investing in global growth trends is paying off for the company and its clients.
