AllianceBernstein Holding L.P. (NYSE:AB) COO James A. Gingrich sold 7,000 shares of AllianceBernstein Holding L.P. stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $24.70, for a total value of $172,900.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

AllianceBernstein Holding L.P. (AB) traded up 0.20% during midday trading on Friday, reaching $24.75. The company had a trading volume of 127,010 shares. The company has a market capitalization of $2.31 billion, a PE ratio of 11.37 and a beta of 1.51. AllianceBernstein Holding L.P. has a 12-month low of $20.40 and a 12-month high of $26.15. The stock has a 50-day moving average price of $23.85 and a 200 day moving average price of $23.18.

AllianceBernstein Holding L.P. (NYSE:AB) last announced 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 business had revenue of $802.31 million during the quarter, compared to analyst estimates of $771.88 million. AllianceBernstein Holding L.P. had a return on equity of 13.28% and a net margin of 6.74%. AllianceBernstein Holding L.P.’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. Equities analysts forecast that AllianceBernstein Holding L.P. will post $2.07 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. WFG Advisors LP raised its position in AllianceBernstein Holding L.P. by 24.2% during the 2nd quarter. WFG Advisors LP now owns 6,311 shares of the asset manager’s stock worth $149,000 after purchasing an additional 1,228 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of AllianceBernstein Holding L.P. by 70.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 75,524 shares of the asset manager’s stock worth $1,786,000 after acquiring an additional 31,107 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of AllianceBernstein Holding L.P. by 399.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,980 shares of the asset manager’s stock worth $354,000 after acquiring an additional 11,980 shares in the last quarter. Royal Bank of Canada raised its position in shares of AllianceBernstein Holding L.P. by 5.2% in the 2nd quarter. Royal Bank of Canada now owns 96,449 shares of the asset manager’s stock worth $2,282,000 after acquiring an additional 4,750 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of AllianceBernstein Holding L.P. in the 2nd quarter worth about $769,000. 19.40% of the stock is owned by institutional investors and hedge funds.

AB has been the subject of several research analyst reports. Zacks Investment Research upgraded 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 report on Thursday, July 13th. BidaskClub upgraded AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of AllianceBernstein Holding L.P. in a research report on Friday, August 11th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.50.

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.

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

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