Revenue Update on AllianceBernstein Holding LP(NYSE:AB)

AllianceBernstein Holding LP(NYSE:AB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $786.256M. Analysts estimated a revenue of $739.000M. The revenues were 6.39% above the estimates. Earnings per share were $0.67. The reported EPS was above estimates by 36.73%. Analysts had estimated an EPS of $0.49.

AllianceBernstein Holding LP (AB) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -0.54% at a volume of 3,40,109. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.05. The peak price level was also seen at $24.05 while the days lowest was $23.75. Finally the shares closed at $23.9. The 52-week high of the shares is $25.125 while the 52-week low is $18.1. According to the latest information available, the market cap of the company is $2,308 M.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2017, Scott A Schoen (director) purchased 11,500 shares at $23.09 per share price.Also, On Dec 5, 2016, Weston M Hicks (director) sold 4,539 shares at $21.50 per share price.On Jun 9, 2016, Edward J Farrell (SVP and Controller) sold 5,000 shares at $23.61 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.

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