AllianceBernstein Holding L.P. (AB) COO James A. Gingrich Sells 3,500 Shares

AllianceBernstein Holding L.P. (NYSE:AB) COO James A. Gingrich sold 3,500 shares of AllianceBernstein Holding L.P. stock in a transaction on Monday, October 9th. The shares were sold at an average price of $24.70, for a total value of $86,450.00. Following the transaction, the chief operating officer now owns 55,659 shares in the company, valued at $1,374,777.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AllianceBernstein Holding L.P. (NYSE:AB) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $802.31 million during the quarter, compared to analysts’ expectations of $771.88 million. AllianceBernstein Holding L.P. had a net margin of 6.74% and a return on equity of 13.28%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

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Several brokerages have recently issued reports on AB. Zacks Investment Research cut AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. 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 reiterated a “neutral” rating on shares of AllianceBernstein Holding L.P. in a research report on Friday, August 11th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.75.

Several institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of AllianceBernstein Holding L.P. by 3.5% during the 1st 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. raised its position in shares of AllianceBernstein Holding L.P. by 2.9% during the 2nd 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. raised its position in shares of AllianceBernstein Holding L.P. by 2.3% during the 2nd 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 raised its position in shares of AllianceBernstein Holding L.P. by 4.0% during the 2nd 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 raised its position in shares of 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 valued at $149,000 after acquiring an additional 1,228 shares during the last quarter. Institutional investors own 19.40% of the company’s stock.

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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