Manning & Napier Advisors LLC Has $6.68 Million Stock Holdings in AllianceBernstein Holding L.P. (NYSE:AB)

Manning & Napier Advisors LLC lifted its holdings in AllianceBernstein Holding L.P. (NYSE:AB) by 28.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,000 shares of the asset manager’s stock after buying an additional 40,000 shares during the quarter. Manning & Napier Advisors LLC’s holdings in AllianceBernstein were worth $6,676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. raised its stake in shares of AllianceBernstein by 80.8% in the third quarter. NBC Securities Inc. now owns 736 shares of the asset manager’s stock worth $25,000 after acquiring an additional 329 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of AllianceBernstein by 4.9% in the third quarter. Captrust Financial Advisors now owns 7,587 shares of the asset manager’s stock valued at $265,000 after purchasing an additional 355 shares in the last quarter. Second Line Capital LLC raised its position in AllianceBernstein by 5.9% in the 3rd quarter. Second Line Capital LLC now owns 7,907 shares of the asset manager’s stock worth $276,000 after purchasing an additional 443 shares during the last quarter. Creative Planning lifted its holdings in AllianceBernstein by 3.2% during the 3rd quarter. Creative Planning now owns 15,005 shares of the asset manager’s stock worth $524,000 after buying an additional 469 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in AllianceBernstein by 3.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,071 shares of the asset manager’s stock valued at $679,000 after buying an additional 549 shares during the last quarter. Institutional investors and hedge funds own 19.25% of the company’s stock.

AllianceBernstein Trading Down 1.7 %

NYSE AB opened at $39.53 on Thursday. AllianceBernstein Holding L.P. has a 12 month low of $30.57 and a 12 month high of $40.86. The company has a market capitalization of $4.55 billion, a PE ratio of 11.33, a P/E/G ratio of 0.81 and a beta of 1.20. The stock has a 50-day simple moving average of $36.90 and a 200 day simple moving average of $35.79.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on AllianceBernstein from $40.75 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Barclays dropped their price objective on AllianceBernstein from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. Finally, Evercore ISI raised their target price on shares of AllianceBernstein from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

AllianceBernstein Company 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.