AllianceBernstein Holding L.P. (NYSE:AB) COO James A. Gingrich sold 21,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $23.13, for a total transaction of $485,730.00. Following the completion of the sale, the chief operating officer now directly owns 356,581 shares of the company’s stock, valued at $8,247,718.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AllianceBernstein Holding L.P. (NYSE:AB) traded down 0.21% during mid-day trading on Monday, hitting $23.25. 378,642 shares of the stock traded hands. The firm has a market cap of $2.24 billion, a PE ratio of 10.86 and a beta of 1.50. AllianceBernstein Holding L.P. has a 12-month low of $20.40 and a 12-month high of $25.12. The stock has a 50 day moving average price of $21.92 and a 200 day moving average price of $22.78.

AllianceBernstein Holding L.P. (NYSE:AB) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The company had revenue of $764.92 million for the quarter, compared to analysts’ expectations of $746.52 million. AllianceBernstein Holding L.P. had a net margin of 9.74% and a return on equity of 18.31%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. On average, analysts expect that AllianceBernstein Holding L.P. will post $2.00 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for AllianceBernstein Holding L.P. (NYSE:AB)

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A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, April 25th. Bank of America Corporation upgraded shares of AllianceBernstein Holding L.P. from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $25.00 in a research note on Wednesday, April 12th. Sidoti assumed coverage on shares of AllianceBernstein Holding L.P. in a research note on Monday, June 5th. They set a “buy” rating and a $28.00 price target on the stock. ValuEngine lowered shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of AllianceBernstein Holding L.P. from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Wednesday, April 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. AllianceBernstein Holding L.P. presently has a consensus rating of “Hold” and a consensus price target of $25.50.

Several institutional investors have recently made changes to their positions in AB. Duncker Streett & Co. Inc. boosted its position in shares of AllianceBernstein Holding L.P. by 5.5% in the first quarter. Duncker Streett & Co. Inc. now owns 19,165 shares of the asset manager’s stock valued at $438,000 after buying an additional 1,000 shares in the last quarter. Sigma Planning Corp boosted its position in shares of AllianceBernstein Holding L.P. by 4.9% in the first quarter. Sigma Planning Corp now owns 16,180 shares of the asset manager’s stock valued at $370,000 after buying an additional 752 shares in the last quarter. Advocacy Wealth Management Services LLC boosted its position in shares of AllianceBernstein Holding L.P. by 29.0% in the first quarter. Advocacy Wealth Management Services LLC now owns 4,450 shares of the asset manager’s stock valued at $102,000 after buying an additional 1,000 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of AllianceBernstein Holding L.P. by 6.8% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 65,948 shares of the asset manager’s stock valued at $1,507,000 after buying an additional 4,175 shares in the last quarter. Finally, Creative Planning boosted its position in shares of AllianceBernstein Holding L.P. by 6.8% in the first quarter. Creative Planning now owns 18,162 shares of the asset manager’s stock valued at $415,000 after buying an additional 1,160 shares in the last quarter. 22.46% of the stock is currently owned by institutional investors.

AllianceBernstein Holding L.P. Company Profile

AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds.

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