AllianceBernstein Holding L.P. (NYSE:AB) CFO John C. Weisenseel sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $23.00, for a total value of $46,000.00. Following the completion of the transaction, the chief financial officer now directly owns 38,869 shares in the company, valued at approximately $893,987. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AllianceBernstein Holding L.P. (AB) traded up 0.64% on Friday, reaching $23.60. The company’s stock had a trading volume of 174,158 shares. The company’s 50 day moving average price is $24.11 and its 200-day moving average price is $23.06. The stock has a market cap of $2.21 billion, a PE ratio of 10.84 and a beta of 1.53. AllianceBernstein Holding L.P. has a 12-month low of $20.40 and a 12-month high of $26.15.

AllianceBernstein Holding L.P. (NYSE:AB) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.49 EPS for the quarter, topping the Zacks’ 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%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. On average, equities analysts expect that AllianceBernstein Holding L.P. will post $2.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 7th were issued a $0.49 dividend. This is a positive change from AllianceBernstein Holding L.P.’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 8.31%. AllianceBernstein Holding L.P.’s dividend payout ratio (DPR) is presently 89.91%.

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AB has been the topic of several research analyst reports. Zacks Investment Research cut AllianceBernstein Holding L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Sidoti initiated coverage on AllianceBernstein Holding L.P. in a research report on Monday, June 5th. They issued a “buy” rating and a $28.00 price objective on the stock. BidaskClub raised AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. ValuEngine cut AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group reissued a “neutral” rating on shares of AllianceBernstein Holding L.P. in a research report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.25.

Hedge funds have recently bought and sold shares of the company. Baker Ellis Asset Management LLC acquired a new stake in AllianceBernstein Holding L.P. during the second quarter worth approximately $118,000. TCI Wealth Advisors Inc. raised its stake in AllianceBernstein Holding L.P. by 28.8% in the first quarter. TCI Wealth Advisors Inc. now owns 5,556 shares of the asset manager’s stock worth $127,000 after buying an additional 1,244 shares during the last quarter. WFG Advisors LP raised its stake in AllianceBernstein Holding L.P. by 24.2% in the second quarter. WFG Advisors LP now owns 6,311 shares of the asset manager’s stock worth $149,000 after buying an additional 1,228 shares during the last quarter. Snow Capital Management LP acquired a new stake in AllianceBernstein Holding L.P. during the first quarter worth approximately $200,000. Finally, Wade G W & Inc. acquired a new stake in AllianceBernstein Holding L.P. during the first quarter worth approximately $203,000. 19.41% of the stock is owned by institutional investors and hedge funds.

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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