AllianceBernstein Holding LP (AB) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.44. The company posted revenue of $725.80 million in the period, compared to analysts expectations of $701.98 million. The company’s revenue was down -8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.
AllianceBernstein Holding LP closed down -0.36 points or -1.48% at $23.93 with 3,49,044 shares getting traded on Thursday. Post opening the session at $24.56, the shares hit an intraday low of $23.75 and an intraday high of $24.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 9, 2016, Edward J Farrell (SVP and Controller) sold 5,000 shares at $23.61 per share price. According to the SEC, 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.