AllianceBernstein Holding L.P. (AB) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of AllianceBernstein Holding L.P. (NYSE:AB) by 399.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,980 shares of the asset manager’s stock after acquiring an additional 11,980 shares during the quarter. Tower Research Capital LLC TRC’s holdings in AllianceBernstein Holding L.P. were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. raised its stake in AllianceBernstein Holding L.P. by 6.0% during the second quarter. American Century Companies Inc. now owns 2,518,953 shares of the asset manager’s stock worth $59,573,000 after acquiring an additional 141,736 shares in the last quarter. Meiji Yasuda Life Insurance Co acquired a new position in AllianceBernstein Holding L.P. during the second quarter worth about $37,556,000. Bank of America Corp DE raised its stake in AllianceBernstein Holding L.P. by 11.7% during 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 acquiring an additional 159,069 shares in the last quarter. Franklin Resources Inc. raised its stake in AllianceBernstein Holding L.P. by 25.4% during the second quarter. Franklin Resources Inc. now owns 1,474,636 shares of the asset manager’s stock worth $34,874,000 after acquiring an additional 299,008 shares in the last quarter. Finally, Morgan Stanley raised its stake in AllianceBernstein Holding L.P. by 166.0% during the first quarter. Morgan Stanley now owns 1,258,872 shares of the asset manager’s stock worth $28,765,000 after acquiring an additional 785,538 shares in the last quarter. 19.40% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Axa America Holdings, Inc. acquired 1,071,180 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average cost of $22.90 per share, with a total value of $24,530,022.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John C. Weisenseel sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $23.99, for a total value of $191,920.00. Following the transaction, the chief financial officer now directly owns 64,869 shares in the company, valued at $1,556,207.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 557,832 shares of company stock worth $13,415,779. 2.70% of the stock is currently owned by insiders.

AllianceBernstein Holding L.P. (NYSE:AB) traded up 0.7691% on Tuesday, hitting $25.0915. The stock had a trading volume of 46,572 shares. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.5257 and a beta of 1.51. The company has a 50-day moving average price of $23.94 and a 200-day moving average price of $23.25. AllianceBernstein Holding L.P. has a 1-year low of $20.40 and a 1-year high of $26.15.

AllianceBernstein Holding L.P. (NYSE:AB) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $802.31 million for the quarter, compared to analysts’ expectations 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 firm posted $0.39 EPS. Equities analysts predict that AllianceBernstein Holding L.P. will post $2.07 earnings per share for the current year.

WARNING: “AllianceBernstein Holding L.P. (AB) Shares Bought by Tower Research Capital LLC TRC” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/alliancebernstein-holding-l-p-ab-shares-bought-by-tower-research-capital-llc-trc.html.

AB has been the subject of several research analyst reports. BidaskClub raised AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised AllianceBernstein Holding L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Finally, Credit Suisse Group reissued a “neutral” rating on shares of AllianceBernstein Holding L.P. in a research note on Friday, August 11th. Four equities research 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 stock has a consensus rating of “Buy” and a consensus target price of $26.50.

AllianceBernstein Holding L.P. 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 M

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. raised its stake in AllianceBernstein Holding L.P. by 6.0% during the second quarter. American Century Companies Inc. now owns 2,518,953 shares of the asset manager’s stock worth $59,573,000 after acquiring an additional 141,736 shares in the last quarter. Meiji Yasuda Life Insurance Co acquired a new position in AllianceBernstein Holding L.P. during the second quarter worth about $37,556,000. Bank of America Corp DE raised its stake in AllianceBernstein Holding L.P. by 11.7% during 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 acquiring an additional 159,069 shares in the last quarter. Franklin Resources Inc. raised its stake in AllianceBernstein Holding L.P. by 25.4% during the second quarter. Franklin Resources Inc. now owns 1,474,636 shares of the asset manager’s stock worth $34,874,000 after acquiring an additional 299,008 shares in the last quarter. Finally, Morgan Stanley raised its stake in AllianceBernstein Holding L.P. by 166.0% during the first quarter. Morgan Stanley now owns 1,258,872 shares of the asset manager’s stock worth $28,765,000 after acquiring an additional 785,538 shares in the last quarter. 19.40% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Axa America Holdings, Inc. acquired 1,071,180 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average cost of $22.90 per share, with a total value of $24,530,022.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John C. Weisenseel sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $23.99, for a total value of $191,920.00. Following the transaction, the chief financial officer now directly owns 64,869 shares in the company, valued at $1,556,207.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 557,832 shares of company stock worth $13,415,779. 2.70% of the stock is currently owned by insiders.

AllianceBernstein Holding L.P. (NYSE:AB) traded up 0.7691% on Tuesday, hitting $25.0915. The stock had a trading volume of 46,572 shares. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.5257 and a beta of 1.51. The company has a 50-day moving average price of $23.94 and a 200-day moving average price of $23.25. AllianceBernstein Holding L.P. has a 1-year low of $20.40 and a 1-year high of $26.15.

AllianceBernstein Holding L.P. (NYSE:AB) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $802.31 million for the quarter, compared to analysts’ expectations 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 firm posted $0.39 EPS. Equities analysts predict that AllianceBernstein Holding L.P. will post $2.07 earnings per share for the current year.

WARNING: “AllianceBernstein Holding L.P. (AB) Shares Bought by Tower Research Capital LLC TRC” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/alliancebernstein-holding-l-p-ab-shares-bought-by-tower-research-capital-llc-trc.html.

AB has been the subject of several research analyst reports. BidaskClub raised AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised AllianceBernstein Holding L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Finally, Credit Suisse Group reissued a “neutral” rating on shares of AllianceBernstein Holding L.P. in a research note on Friday, August 11th. Four equities research 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 stock has a consensus rating of “Buy” and a consensus target price of $26.50.

AllianceBernstein Holding L.P. 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.

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Institutional Ownership by Quarter for AllianceBernstein Holding L.P. (NYSE:AB)

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