AllianceBernstein Holding L.P. (NYSE:AB) COO James A. Gingrich sold 23,500 shares of AllianceBernstein Holding L.P. stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $24.93, for a total transaction of $585,855.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of AllianceBernstein Holding L.P. (NYSE:AB) traded up 1.61% during midday trading on Wednesday, hitting $25.25. 198,299 shares of the company traded hands. The stock has a 50 day moving average of $24.03 and a 200-day moving average of $23.28. The stock has a market capitalization of $2.36 billion, a PE ratio of 11.60 and a beta of 1.51. AllianceBernstein Holding L.P. has a 52 week low of $20.40 and a 52 week high of $26.15.

AllianceBernstein Holding L.P. (NYSE:AB) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. AllianceBernstein Holding L.P. had a net margin of 6.74% and a return on equity of 13.28%. The business had revenue of $802.31 million for the quarter, compared to analysts’ expectations of $771.88 million. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts forecast that AllianceBernstein Holding L.P. will post $2.07 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in AllianceBernstein Holding L.P. by 3.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,207 shares of the asset manager’s stock valued at $370,000 after acquiring an additional 541 shares during the last quarter. Symons Capital Management Inc. grew its position in AllianceBernstein Holding L.P. by 2.9% during the second quarter. Symons Capital Management Inc. now owns 20,105 shares of the asset manager’s stock valued at $476,000 after acquiring an additional 565 shares during the last quarter. Blue Fin Capital Inc. grew its position in AllianceBernstein Holding L.P. by 2.3% during the second quarter. Blue Fin Capital Inc. now owns 26,383 shares of the asset manager’s stock valued at $623,000 after acquiring an additional 600 shares during the last quarter. Sigma Planning Corp grew its position in AllianceBernstein Holding L.P. by 4.0% during the second quarter. Sigma Planning Corp now owns 16,827 shares of the asset manager’s stock valued at $398,000 after acquiring an additional 647 shares during the last quarter. Finally, WFG Advisors LP grew its position in AllianceBernstein Holding L.P. by 24.2% during the second quarter. WFG Advisors LP now owns 6,311 shares of the asset manager’s stock valued at $149,000 after acquiring an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 19.40% of the company’s stock.

AB has been the topic of several research reports. Zacks Investment Research lowered shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Credit Suisse Group reaffirmed a “neutral” rating on shares of AllianceBernstein Holding L.P. in a report on Friday, August 11th. Finally, BidaskClub raised shares of AllianceBernstein Holding L.P. from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. AllianceBernstein Holding L.P. has a consensus rating of “Buy” and a consensus price target of $26.75.

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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