Sigma Planning Corp Has $418,000 Stock Holdings in AllianceBernstein Holding LP (NYSE:AB)

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Sigma Planning Corp lessened its position in AllianceBernstein Holding LP (NYSE:AB) by 13.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,238 shares of the asset manager’s stock after selling 2,197 shares during the period. Sigma Planning Corp’s holdings in AllianceBernstein were worth $418,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AB. HM Payson & Co. acquired a new position in AllianceBernstein during the 2nd quarter worth about $30,000. Advisory Services Network LLC lifted its position in AllianceBernstein by 168.3% during the 2nd quarter. Advisory Services Network LLC now owns 1,441 shares of the asset manager’s stock worth $43,000 after buying an additional 904 shares in the last quarter. North Star Investment Management Corp. acquired a new position in AllianceBernstein during the 3rd quarter worth about $44,000. NEXT Financial Group Inc acquired a new position in AllianceBernstein during the 2nd quarter worth about $51,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in AllianceBernstein during the 2nd quarter worth about $112,000. Institutional investors own 17.67% of the company’s stock.

Several research analysts recently issued reports on AB shares. Zacks Investment Research upgraded shares of AllianceBernstein from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup dropped their price objective on AllianceBernstein from $37.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, October 15th.

NYSE:AB traded down $0.22 on Friday, hitting $29.35. 316,583 shares of the stock were exchanged, compared to its average volume of 260,531. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 2.45 and a beta of 1.20. AllianceBernstein Holding LP has a 52 week low of $23.34 and a 52 week high of $31.42. The company’s 50-day moving average price is $28.85 and its 200 day moving average price is $28.94.

AllianceBernstein (NYSE:AB) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $877.87 million during the quarter, compared to analysts’ expectations of $880.27 million. AllianceBernstein had a return on equity of 15.18% and a net margin of 6.55%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. Sell-side analysts predict that AllianceBernstein Holding LP will post 2.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.63 per share. This is a boost from AllianceBernstein’s previous quarterly dividend of $0.56. This represents a $2.52 annualized dividend and a yield of 8.59%. The ex-dividend date of this dividend is Friday, November 1st. AllianceBernstein’s payout ratio is currently 94.38%.

AllianceBernstein Profile

AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations, and other business entities.

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Institutional Ownership by Quarter for AllianceBernstein (NYSE:AB)

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