AllianceBernstein Holding L.P. (NYSE:AB) COO James A. Gingrich sold 60,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.97, for a total transaction of $1,498,200.00. Following the transaction, the chief operating officer now directly owns 255,581 shares of the company’s stock, valued at $6,381,857.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of AllianceBernstein Holding L.P. (NYSE:AB) traded up 0.60% during trading on Thursday, hitting $25.05. 331,554 shares of the company traded hands. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 11.70 and a beta of 1.55. AllianceBernstein Holding L.P. has a 52 week low of $20.40 and a 52 week high of $26.15. The company has a 50 day moving average price of $23.82 and a 200 day moving average price of $22.94.

AllianceBernstein Holding L.P. (NYSE:AB) last released its earnings results on Thursday, July 27th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $802.31 million during the quarter, compared to analyst estimates of $771.88 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 up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. On average, analysts expect that AllianceBernstein Holding L.P. will post $2.03 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of AllianceBernstein Holding L.P. by 11.7% in the first quarter. Bank of America Corp DE now owns 1,512,976 shares of the asset manager’s stock worth $34,571,000 after buying an additional 159,069 shares during the last quarter. Morgan Stanley raised its stake in shares of AllianceBernstein Holding L.P. by 166.0% in the first quarter. Morgan Stanley now owns 1,258,872 shares of the asset manager’s stock worth $28,765,000 after buying an additional 785,538 shares during the last quarter. Bank of Montreal Can raised its stake in shares of AllianceBernstein Holding L.P. by 9,523.4% in the second quarter. Bank of Montreal Can now owns 444,600 shares of the asset manager’s stock worth $10,514,000 after buying an additional 439,980 shares during the last quarter. UBS Group AG raised its stake in shares of AllianceBernstein Holding L.P. by 107.5% in the first quarter. UBS Group AG now owns 408,841 shares of the asset manager’s stock worth $9,342,000 after buying an additional 211,845 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of AllianceBernstein Holding L.P. by 0.4% in the first quarter. Foresters Investment Management Company Inc. now owns 383,600 shares of the asset manager’s stock worth $8,765,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 22.83% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of AllianceBernstein Holding L.P. from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Zacks Investment Research raised shares of AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, July 13th. ValuEngine downgraded shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. 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 objective for the company. Finally, Keefe, Bruyette & Woods raised shares of AllianceBernstein Holding L.P. from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Wednesday, April 12th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AllianceBernstein Holding L.P. has an average rating of “Buy” and a consensus target price of $26.60.

About AllianceBernstein Holding L.P.

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.

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

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