Thompson Siegel & Walmsley LLC lessened its stake in AllianceBernstein Holding L.P. (NYSE:AB) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,867 shares of the asset manager’s stock after selling 5,000 shares during the period. Thompson Siegel & Walmsley LLC owned 0.06% of AllianceBernstein Holding L.P. worth $1,274,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AB. First Trust Advisors LP bought a new position in AllianceBernstein Holding L.P. in the 1st quarter worth approximately $496,000. Raymond James Financial Services Advisors Inc. raised its position in AllianceBernstein Holding L.P. by 90.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 44,417 shares of the asset manager’s stock worth $1,015,000 after purchasing an additional 21,127 shares during the last quarter. Pinnacle Associates Ltd. raised its position in AllianceBernstein Holding L.P. by 2.9% in the 1st quarter. Pinnacle Associates Ltd. now owns 33,600 shares of the asset manager’s stock worth $768,000 after purchasing an additional 950 shares during the last quarter. M&T Bank Corp raised its position in AllianceBernstein Holding L.P. by 51.8% in the 1st quarter. M&T Bank Corp now owns 27,729 shares of the asset manager’s stock worth $634,000 after purchasing an additional 9,461 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in AllianceBernstein Holding L.P. by 12.6% in the 1st quarter. JPMorgan Chase & Co. now owns 44,807 shares of the asset manager’s stock worth $1,023,000 after purchasing an additional 5,025 shares during the last quarter. Hedge funds and other institutional investors own 19.41% of the company’s stock.

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AllianceBernstein Holding L.P. (NYSE:AB) opened at 23.60 on Thursday. AllianceBernstein Holding L.P. has a 52-week low of $20.40 and a 52-week high of $26.15. The company has a 50-day moving average of $24.03 and a 200 day moving average of $23.04. The company has a market cap of $2.21 billion, a PE ratio of 10.84 and a beta of 1.52.

AllianceBernstein Holding L.P. (NYSE:AB) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.49 earnings per share 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 firm had revenue of $802.31 million for the quarter, compared to analyst estimates of $771.88 million. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that AllianceBernstein Holding L.P. will post $2.07 EPS for the current year.

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

In other news, COO James A. Gingrich sold 21,000 shares of AllianceBernstein Holding L.P. stock in a transaction on Friday, June 9th. The shares were sold at an average price of $22.93, for a total transaction of $481,530.00. Following the transaction, the chief operating officer now owns 377,581 shares in the company, valued at $8,657,932.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John C. Weisenseel sold 6,000 shares of AllianceBernstein Holding L.P. stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $23.32, for a total transaction of $139,920.00. Following the transaction, the chief financial officer now owns 32,869 shares in the company, valued at approximately $766,505.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 603,421 shares of company stock worth $14,387,737. 2.70% of the stock is owned by company insiders.

AB has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, August 24th. Sidoti initiated coverage on shares of AllianceBernstein Holding L.P. in a research report on Monday, June 5th. They issued a “buy” rating and a $28.00 price objective for the company. BidaskClub upgraded shares of AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. ValuEngine cut shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group restated a “neutral” rating on shares of AllianceBernstein Holding L.P. in a research report on Friday, August 11th. Four 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. The stock currently has an average rating of “Buy” and an average price target of $26.25.

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.

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

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