It is currently trading at $24.25 which is just over $22.43, the 50 day moving average and barely above the 200 day moving average of $22.81. The 50 day moving average went up by +8.10% and the 200 day average went up by +6.32%. 244K shares changed hands on Thursday. Volume was down 9.23% under the stocks average daily volume.
Here is the rundown on market activity for AllianceBernstein Holding L.P. (NYSE:AB). James A. Gingrich, Chief Operating Officer disclosed the sale of 21,000 shares. The shares sold for $23.83. Gingrich now owns $7,079,440 of the stock per the Form 4 SEC filing. Chief Operating Officer James A. Gingrich disclosed the sale of 21,000 shares of (AB). The shares were sold on July 6th for a price of $23.62. The Chief Operating Officer now owns $7,265,063 of the stock according to the SEC filing.
James A. Gingrich, Chief Operating Officer sold $481,530 worth of shares at a price of $22.93 on Fri the 9th. That brings Gingrich’s holdings to $8,497,422 as recorded in a recent Form 4 SEC filing.
Here are some other firms who have updated their holdings. As of quarter end Creative Planning had acquired 3,753 shares growing its position 20.7%. The value of the investment in AB increased from $415,000 to $518,000 a change of 24.8% since the last quarter. Clinton Group Inc downsized its investment by selling 1,502 shares a decrease of 6.9% as of 03/31/2017. Clinton Group Inc now controls 20,189 shares valued at $461,000. The value of the position overall is down by 9.4%.
Next Financial Group, Inc cut its holdings by shedding 300 shares a decrease of 50.0% from 03/31/2017 to 06/30/2017. Next Financial Group, Inc currently owns 300 shares with a value of $7,000. The total value of its holdings decreased 50.0%. New England Research & Management, Inc. trimmed its position by shedding 3,600 shares a decrease of 4.7% in the quarter. New England Research & Management, Inc. owns 72,528 shares worth $1,715,000. The value of the position overall is down by 1.4%.
On November 22 the company was set at “Neutral” by Citigroup which is down from the previous “Buy” rating. On October 14 Keefe Bruyette & Woods made no change to the company rating of “Market Perform” and lowered the price target to $24.00 from $28.00.
July 29 investment analysts at Citigroup held the stock rating at “Buy” and lowered the price expectation from $30.00 to $27.00. On March 15 the stock rating was upgraded from “Neutral” to “Buy” by analysts at Bank of America.
On February 12 Keefe Bruyette & Woods left the company rating at “Market Perform” but lowered the price expectation to $20.00 from $26.00. On January 11 Keefe Bruyette & Woods held the company rating at “Market Perform” but lowered the price target from $28.00 to $26.00.
The company is now up from yesterday’s close of $24. AllianceBernstein Holding L.P. recently announced a dividend that was paid on Thursday the 18th of May 2017. The dividend was $0.495 per share for the quarter or $1.98 on an annualized basis. This dividend represents a yeild of $8.23 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 4th of May 2017.
The company’s P/E ratio is 11.33 and the market cap of the company is 2.34B. In the last earnings report the EPS was $2.14 and is projected to be $2.03 for the current year with 96,473,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.50 and the next full year EPS is projected to be $2.18.
AllianceBernstein Holding L.P., launched on November 18, 1987, is involved 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. The Business’s services span various investment disciplines, including market capitalization (large-, mid- and small-cap equities), term (long-, intermediate- and short-duration debt securities), and geographic location (the United States, international, global, emerging markets, regional and local), in the markets around the world..