Alliancebernstein Holding L.p. (AB) Files Form 4 Insider Selling : Edward J Farrell Sells 5,000 Shares

Alliancebernstein Holding L.p. (AB): Edward J Farrell , SVP and Controller of Alliancebernstein Holding L.p. sold 5,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $23.61 per share for a total value of $118,050.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On May 5, 2016, Brugge Robert P Van (Chairman and CEO, SCB LLC) sold 30,595 shares at $23.05 per share price.On Jun 17, 2015, Edward J Farrell (SVP and Controller) sold 5,000 shares at $31.10 per share price.

Shares of AllianceBernstein Holding LP (AB) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.19 points or -0.80% at $23.54 with 2,86,641 shares getting traded. Post opening the session at $23.27, the shares hit an intraday low of $23.25 and an intraday high of $23.88 and the price vacillated in this range throughout the day. The company has a market cap of $2,316 M and the number of outstanding shares has been calculated to be 9,83,81,192 shares. The 52-week high of AllianceBernstein Holding LP is $31.42 and the 52-week low is $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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