Alliancebernstein Holding L.p. (AB) Files Form 4 Insider Selling : Brugge Robert P Van Sells 30,595 Shares

Alliancebernstein Holding L.p. (AB): Brugge Robert P Van , Chairman and CEO, SCB LLC of Alliancebernstein Holding L.p. sold 30,595 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $23.05 per share for a total value of $704,746.56 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2015, Edward J Farrell (SVP and Controller) sold 5,000 shares at $31.10 per share price.

AllianceBernstein Holding LP: On Wednesday, May 4, 2016 heightened volatility was witnessed in AllianceBernstein Holding LP which led to swings in the share price. The shares opened for trading at $22.78 and hit $23.34 on the upside , eventually ending the session at $23.05, with a gain of 0.66% or 0.15 points. The heightened volatility saw the trading volume jump to 3,00,324 shares. The 52-week high of the share price is $32.74 and the company has a market cap of $2,268 M . The 52-week low of the share price is at $16.11.

AllianceBernstein Holding LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.AllianceBernstein Holding LP is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 15, 2016.

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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