- AllianceBernstein National Municipal Income Fund, Inc. and AllianceBernstein Global High Income Fund, Inc. Announcement Regarding Planned Merger of Equitable and Corebridge
May 11, 2026 · prnewswire.com
NEW YORK, May 11, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) and AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (each a "Fund"), each announced today that at in-person meetings of the Board of Directors (the "Board") held on May 5-7, 2026, the Board voted unanimously approved a new investment advisory agreement and interim investment advisory agreement with AllianceBernstein L.P. (the "Adviser") containing identical terms to those in the current advisory agreement.
- ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. AND ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. ANNOUNCEMENT REGARDING PLANNED MERGER OF EQUITABLE AND COREBRIDGE
May 11, 2026
NEW YORK, MAY 11, 2026 /PRNEWSWIRE/ -- ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. (NYSE: AWF) AND ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. (NYSE: AFB) (EACH A "FUND"), EACH ANNOUNCED TODAY THAT AT IN-PERSON MEETINGS OF THE BOARD OF DIRECTORS (THE "BOARD") HELD ON MAY 5-7, 2026, THE BOARD VOTED UNANIMOUSLY APPROVED A NEW INVESTMENT ADVISORY AGREEMENT AND INTERIM INVESTMENT ADVISORY AGREEMENT WITH ALLIANCEBERNSTEIN L.P. (THE "ADVISER") CONTAINING IDENTICAL TERMS TO THOSE IN THE CURRENT ADVISORY AGREEMENT.
- AB Announces April 30, 2026 Assets Under Management
May 11, 2026 · prnewswire.com
NASHVILLE, Tenn., May 11, 2026 /PRNewswire/ -- AllianceBernstein L.P.
- AB ANNOUNCES APRIL 30, 2026 ASSETS UNDER MANAGEMENT
May 11, 2026
NASHVILLE, TENN., MAY 11, 2026 /PRNEWSWIRE/ -- ALLIANCEBERNSTEIN L.P.
- World's Largest Listed Hedge Fund Suffers a $6.1B Redemption From Its Long Portfolio – Should Investors Be Concerned?
May 9, 2026
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
UK investment giant Man Group saw its share price slump after a single client pulled $6.1 billion in funds from one of its long-only investment strategies, hurting the company's Q1 performance metrics and missing analysts' estimates.
Assets Under Management Hit By The Large Withdrawal
Man Group, the world's publicly-listed hedge fund, said it had assets under management of $228.7 billion, as of March 31, versus $227.6 billion at the end of December.
Shares in the hedge fund slipped by more than 6% on the London Stock Exchange over the week to April 24, as investors reacted to the flatlining AUM. Analysts had forecast a consensus estimate of $231.3 billion, but the large client withdrawal caused a net $1.6 billion shortfall.
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Despite the negative headline figure and recent market volatility, the company delivered a 5.7% return on its flagship AHL Alpha Fund during the quarter.
Are Professional Investors Getting Cold Feet?
The Man Group redemption comes amid signs of "strain" among the world's largest hedge funds.
Nashville-based AllianceBernstein (NYSE:AB) recently shuttered its AB Arya fund, with Bloomberg citing a "lack of scale" for the decision. Although there are issues in the fund management industry, the underlying performance is still strong.
Hedge funds are set for their best monthly gains in more than 10 years, after navigating the March turmoil of the U.S.-Israeli war with Iran, Reuters said, citing a Goldman Sachs industry report.
Goldman Sachs analysts said that long and short equity funds are up 7.7% in April, Reuters reported, the strongest return since the start of 2016.
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Earnings Season Is A Reason To Be Bullish, Analysts Say
Wall Street investment banks have delivered an upbeat outlook for U.S. companies as the first quarter reporting season continues.
Morgan Stanley (NYSE:MS) strategists said gains in S&P 500 earnings-per-share growth were a positive sign that profits were still flowing despite the upheaval from the Middle East conflict. JPMorgan Chase & Co. (NYSE:JPM) analysts are also bullish about the current earnings season, according to media reports.
Story Continues
Those bullish projections will depend on whether the Strait of Hormuz is open, experts say, as the U.S. and Israel continue to pursue a suitable ceasefire deal with Iran. Another headwind for the economy is a plunge in consumer sentiment to record lows in April, as higher gasoline prices start to add gloom, according to University of Michigan survey data.
However, professional investment managers are proving to be resilient in managing the dynamic environment, as Goldman Sachs' report of hedge fund investment performance has shown.
What Large Institutional Moves Signal About Market Positioning
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Direxion
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Arrived
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AdviserMatch
AdviserMatch is a free online tool that helps individuals connect with financial advisors based on their goals, financial situation, and investment needs. Instead of spending hours researching advisors on your own, the platform asks a few quick questions and matches you with professionals who can assist with areas like retirement planning, investment strategy, and overall financial guidance. Consultations are no-obligation, and services vary by advisor, giving investors a chance to explore whether professional advice could help improve their long-term financial plan.
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This article World's Largest Listed Hedge Fund Suffers a $6.1B Redemption From Its Long Portfolio – Should Investors Be Concerned? originally appeared on Benzinga.com
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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- AllianceBernstein Holding Breaks Below 200-Day Moving Average - Notable for AB
May 8, 2026
In trading on Friday, shares of AllianceBernstein Holding LP (Symbol: AB) crossed below their 200 day moving average of $39.44, changing hands as low as $38.65 per share. AllianceBernstein Holding LP shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of AB shares, versus its 200 day moving average:
Looking at the chart above, AB's low point in its 52 week range is $35.59 per share, with $44.1099 as the 52 week high point — that compares with a last trade of $39.23. Project your dividend income with confidence: Income Calendar tracks your income portfolio like a personal assistant.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Is AllianceBernstein (AB) Fairly Priced After Recent Multi‑Year Share Price Gains?
May 7, 2026
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.
Wondering whether AllianceBernstein Holding is fairly priced at around US$40 a share, or if the current market is missing something about the stock's value. The stock last closed at US$40.02, with returns of 1.8% over 7 days, 4.9% over 30 days, 3.6% year to date, 3.9% over 1 year, 46.1% over 3 years and 42.6% over 5 years, which gives you a broad sense of how the market has treated the stock over different time frames. This article is being written as part of ongoing coverage to keep AllianceBernstein Holding on investors' radars, rather than in response to a single event. That context matters because it means the price moves above sit alongside a steady flow of information instead of one-off shocks or surprises. On Simply Wall St's valuation checks, AllianceBernstein Holding scores 2 out of 6. Next you will see how standard valuation tools like P/E and discounted cash flow stack up, and then a different way of looking at value that can give you an even clearer picture by the end of the article.
AllianceBernstein Holding scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.
Approach 1: AllianceBernstein Holding Excess Returns Analysis
The Excess Returns model looks at how efficiently a company uses shareholders' equity, comparing its returns to the required cost of that equity. Instead of focusing on cash flows, it asks whether each dollar invested in the business is expected to earn more than investors require as compensation for risk.
For AllianceBernstein Holding, the model uses a Book Value of $13.42 per share and a Stable Book Value of $18.00 per share, both based on median figures from the past 5 years. Stable EPS is set at $2.76 per share, derived from the median Return on Equity, which averages 15.31%. Against this, the Cost of Equity is $1.67 per share, leaving an Excess Return of $1.09 per share.
Those excess returns are capitalized within the model to arrive at an intrinsic value of about $37.03 per share using the Excess Returns framework. Compared with the recent share price of about $40.02, the model indicates the stock is roughly 8.1% overvalued, which falls within a relatively tight band around the current price.
Result: ABOUT RIGHT
AllianceBernstein Holding is fairly valued according to our Excess Returns, but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act.AB Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for AllianceBernstein Holding.
Story Continues
Approach 2: AllianceBernstein Holding Price vs Earnings
P/E is a common way to look at profitable companies because it links what you pay for the stock to the earnings the business is currently generating. It gives you a quick sense of how many dollars investors are willing to pay today for each dollar of earnings.
What counts as a “normal” P/E depends on how investors view growth potential and risk. Higher expected growth or lower perceived risk can justify a higher P/E. Slower expected growth or higher risk usually lines up with a lower P/E.
AllianceBernstein Holding currently trades on a P/E of 12.0x. That sits below the Capital Markets industry average P/E of 42.8x and below the peer group average of 17.7x. To get a more tailored view, Simply Wall St uses a proprietary “Fair Ratio” for P/E of 8.3x for AllianceBernstein Holding.
This Fair Ratio is designed to be more specific to the company than a simple peer or industry comparison because it incorporates factors such as earnings growth, profit margins, risk profile, industry and market cap. It aims to show what P/E might be reasonable for this particular business, rather than for the sector in general.
Comparing the Fair Ratio of 8.3x with the current P/E of 12.0x suggests the stock trades at a higher multiple than this company specific yardstick.
Result: OVERVALUEDNYSE:AB P/E Ratio as at May 2026
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Upgrade Your Decision Making: Choose your AllianceBernstein Holding Narrative
Earlier it was mentioned that there is an even better way to understand valuation. Narratives do that by letting you link your view of AllianceBernstein Holding's story to explicit forecasts for revenue, earnings, margins and a fair value. You can then compare that fair value with the current price on Simply Wall St's Community page, where millions of investors can share different perspectives. For example, one investor might focus on distributions, buybacks and a Fair Value close to the analyst consensus of about US$39.43. Another might build a more cautious Narrative around fee pressure, competition and equity outflows that supports a lower Fair Value. Each Narrative automatically updates as fresh news, earnings or guidance is added.
Do you think there's more to the story for AllianceBernstein Holding? Head over to our Community to see what others are saying!NYSE:AB 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AB.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- New Strong Sell Stocks for May 7th
May 7, 2026
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Bank of Marin Bancorp BMRC is a California State chartered bank. The Zacks Consensus Estimate for its current year earnings has been revised 8.3% downward over the last 60 days.
AllianceBernstein AB provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. The Zacks Consensus Estimate for its current year earnings has been revised almost 6% downward over the last 60 days.
A. O. Smith AOS is one of the leading manufacturers of commercial and residential water heating equipment, and water treatment products of the world. The Zacks Consensus Estimate for its current year earnings has been revised almost 5.5% downward over the last 60 days.
View the entire Zacks Rank #5 List.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Bank of Marin Bancorp (BMRC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
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- New Strong Sell Stocks for May 7th
May 7, 2026 · zacks.com
BMRC, AB and AOS have been added to the Zacks Rank #5 (Strong Sell) List on May 7, 2026.
- What AllianceBernstein Holding (AB)'s Earnings Beat and Payout Cut Means For Shareholders
May 6, 2026
AllianceBernstein Holding L.P. has already reported first-quarter 2026 net income of US$85.24 million, up from US$74.03 million a year earlier, and declared a reduced quarterly distribution of US$0.83 per unit payable on May 21, 2026. Despite stronger earnings and higher basic earnings per unit of US$0.92 from continuing operations, AllianceBernstein was recently added to the Zacks Rank #5 (Strong Sell) list after a downward revision in consensus earnings estimates, highlighting a tension between current performance and analyst expectations. We’ll now examine how the post-earnings downgrade to Zacks Rank #5 (Strong Sell) may reshape AllianceBernstein’s existing investment narrative.
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AllianceBernstein Holding Investment Narrative Recap
To own AllianceBernstein today, you need to be comfortable with an asset manager that is leaning on fee-rich strategies and growing private markets, while managing pressure on earnings expectations and distributions. The latest quarter showed higher net income and earnings per unit, but the reduced US$0.83 distribution and the Zacks Rank #5 (Strong Sell) highlight that the key short term catalyst and the biggest risk both sit in how sustainably the firm can convert its product pipeline and inflows into earnings that meet consensus. If that link weakens further, the current narrative could lose its footing.
The first quarter 2026 earnings report is the most relevant recent announcement here, because it shows that AllianceBernstein’s profitability has improved year on year even as earnings estimates have been revised downward. This contrast matters for investors watching catalysts such as expansion in higher fee strategies and private markets, since it puts extra focus on whether these growth efforts can consistently translate into earnings that support both distributions and reinvestment.
Yet investors should be aware that persistent fee and margin pressure in key channels could still...
Read the full narrative on AllianceBernstein Holding (it's free!)
AllianceBernstein Holding’s narrative projects $4.2 billion revenue and $275.1 million earnings by 2029. This implies an earnings decrease of $24.7 million from $299.8 million today.
Uncover how AllianceBernstein Holding's forecasts yield a $38.79 fair value, a 4% downside to its current price.
Exploring Other PerspectivesAB 1-Year Stock Price Chart
Three members of the Simply Wall St Community value AllianceBernstein between US$35.10 and US$39.43 per unit, underscoring how far opinions can spread. You should weigh these views against the risk that rising competition and potential fee compression could limit how much of any future revenue growth turns into profit, and consider how that might affect the business over time.
Story Continues
Explore 3 other fair value estimates on AllianceBernstein Holding - why the stock might be worth as much as $39.43!
The Verdict Is Yours
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
A great starting point for your AllianceBernstein Holding research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision. Our free AllianceBernstein Holding research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate AllianceBernstein Holding's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AB.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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