AllianceBernstein Holding LP (AB) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.40 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.42. The company posted revenue of $590.10 million in the period, compared to analysts expectations of $719.26 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on AllianceBernstein Holding LP. AllianceBernstein Holding LP was Upgraded by BofA/Merrill to ” Buy” on Mar 15, 2016.
AllianceBernstein Holding LP opened for trading at $24.27 and hit $24.56 on the upside on Wednesday, eventually ending the session at $24.47, with a gain of 0.78% or 0.19 points. The heightened volatility saw the trading volume jump to 1,77,201 shares. Company has a market cap of $2,446 M.
In a different news, on Jun 17, 2015, Edward J Farrell (SVP and Controller) sold 5,000 shares at $31.10 per share price.
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.