KHP Capital LLC acquired a new stake in shares of AllianceBernstein Holding LP (NYSE:AB) in the fourth quarter, Holdings Channel reports. The fund acquired 18,763 shares of the asset manager’s stock, valued at approximately $470,000.
Several other hedge funds have also modified their holdings of AB. New England Research & Management Inc. boosted its holdings in AllianceBernstein by 6.0% in the 4th quarter. New England Research & Management Inc. now owns 79,278 shares of the asset manager’s stock worth $1,986,000 after buying an additional 4,500 shares during the period. California Public Employees Retirement System boosted its holdings in AllianceBernstein by 5.7% in the 3rd quarter. California Public Employees Retirement System now owns 191,870 shares of the asset manager’s stock worth $4,662,000 after buying an additional 10,270 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in AllianceBernstein by 25.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 64,608 shares of the asset manager’s stock worth $1,570,000 after buying an additional 12,961 shares during the period. Whalerock Point Partners LLC bought a new position in AllianceBernstein in the 4th quarter worth $368,000. Finally, Highland Capital Management LLC boosted its holdings in AllianceBernstein by 22.9% in the 4th quarter. Highland Capital Management LLC now owns 20,281 shares of the asset manager’s stock worth $508,000 after buying an additional 3,781 shares during the period. 21.70% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Axa Equitable Holdings, Inc. acquired 124,983 shares of the company’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $24.95 per share, with a total value of $3,118,325.85. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Edward J. Farrell sold 10,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $25.20, for a total transaction of $252,000.00. Following the transaction, the senior vice president now directly owns 19,147 shares of the company’s stock, valued at approximately $482,504.40. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.
AllianceBernstein Holding LP (AB) opened at $27.10 on Monday. AllianceBernstein Holding LP has a 1-year low of $20.40 and a 1-year high of $28.15. The company has a market cap of $2,614.12, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51.
AllianceBernstein (NYSE:AB) last released its quarterly earnings data on Tuesday, February 13th. The asset manager reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. AllianceBernstein had a net margin of 6.30% and a return on equity of 14.72%. The business had revenue of $919.14 million during the quarter, compared to the consensus estimate of $839.49 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was up 16.9% on a year-over-year basis. equities analysts anticipate that AllianceBernstein Holding LP will post 2.52 earnings per share for the current year.
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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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