Nadler Financial Group Inc. Has $378,000 Position in AllianceBernstein Holding L.P. (NYSE:AB)

Nadler Financial Group Inc. decreased its stake in AllianceBernstein Holding L.P. (NYSE:AB) by 21.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,840 shares of the asset manager’s stock after selling 3,000 shares during the quarter. Nadler Financial Group Inc.’s holdings in AllianceBernstein were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. NBC Securities Inc. raised its position in AllianceBernstein by 80.8% during the third quarter. NBC Securities Inc. now owns 736 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 329 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in AllianceBernstein during the first quarter valued at about $28,000. SJS Investment Consulting Inc. acquired a new stake in shares of AllianceBernstein in the second quarter worth about $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of AllianceBernstein by 1,354.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of AllianceBernstein in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 19.25% of the company’s stock.

Insider Buying and Selling at AllianceBernstein

In other AllianceBernstein news, insider Equitable Holdings, Inc. bought 500,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average price of $34.18 per share, with a total value of $17,090,000.00. Following the completion of the transaction, the insider now owns 3,066,838 shares in the company, valued at approximately $104,824,522.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Equitable Holdings, Inc. acquired 500,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was bought at an average price of $34.18 per share, with a total value of $17,090,000.00. Following the transaction, the insider now directly owns 3,066,838 shares in the company, valued at approximately $104,824,522.84. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles G.T. Stonehill sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $34.87, for a total value of $139,480.00. Following the completion of the sale, the director now owns 25,923 shares in the company, valued at $903,935.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

AllianceBernstein Stock Up 0.5 %

Shares of AllianceBernstein stock traded up $0.20 during trading on Friday, reaching $37.25. 21,631 shares of the company were exchanged, compared to its average volume of 292,661. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 0.85 and a beta of 1.24. The business has a 50-day moving average price of $35.40 and a 200-day moving average price of $34.25. AllianceBernstein Holding L.P. has a twelve month low of $25.83 and a twelve month high of $38.96.

AllianceBernstein Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Monday, November 4th will be paid a $0.77 dividend. This is an increase from AllianceBernstein’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, November 4th. This represents a $3.08 annualized dividend and a dividend yield of 8.27%. AllianceBernstein’s dividend payout ratio (DPR) is currently 81.38%.

Analyst Ratings Changes

Several brokerages recently commented on AB. Barclays lifted their target price on shares of AllianceBernstein from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. The Goldman Sachs Group increased their target price on AllianceBernstein from $40.75 to $41.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI raised their target price on AllianceBernstein from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Finally, TD Cowen upped their price target on AllianceBernstein from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, AllianceBernstein has a consensus rating of “Moderate Buy” and an average price target of $41.80.

AllianceBernstein Profile

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities.