Revenue Update on AllianceBernstein Holding LP(NYSE:AB)

AllianceBernstein Holding LP(NYSE:AB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $725.81M. Analysts estimated a revenue of $701.98M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.44.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on AllianceBernstein Holding LP. In the research note, the firm Raises the price-target to $21.50 per share. The shares have been rated ‘Hold’ by the firm.

AllianceBernstein Holding LP (AB) made into the market gainers list on Thursdays trading session with the shares advancing 1.07% or 0.23 points. Due to strong positive momentum, the stock ended at $21.82, which is also near the day’s high of $21.93. The stock began the session at $21.5 and the volume stood at 2,84,059 shares. The 52-week high of the shares is $29.49 and the 52 week low is $16.11. The company has a current market capitalization of $2,106 M and it has 9,65,34,649 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Edward J Farrell (SVP and Controller) sold 5,000 shares at $23.61 per share price.Also, On May 23, 2016, Scott A Schoen (director) purchased 11,500 shares at $23.09 per share price.On May 11, 2016, Weston M Hicks (director) sold 10,842 shares at $23.36 per share price, according to the Form-4 filing with the securities and exchange commission.

AllianceBernstein Holding L.P. (AB Holding) is engaged in providing research investment management and related services to a range of clients. The Company’s principal services include institutional services retail services private wealth management services and Bernstein research services. AB Holding owns 36.9% of limited partnership interest in AllianceBernstein L.P. (AB). Its investment services include actively managed equity strategies with global and regional portfolios across capitalization ranges and investment strategies; actively managed traditional and unconstrained fixed income strategies; passive management including index and enhanced index strategies; alternative investments including hedge funds fund of funds and private equity (direct real estate investing) and multi-asset services and solutions. Its institutions and retail businesses are referred to as AB and private wealth management and Bernstein Research Services are referred to as AB Bernstein.

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