In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), AllianceBernstein Holding LP (NYSE:AB) reported that Axa Financial Inc.
has picked up 170,121,745 of common stock as of 2017-05-01.
The acquisition brings the aggregate amount owned by Axa Financial Inc. to a total of 170,121,745 representing less than 63.3% stake in the company.
For those not familiar with the company, AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company’s services span various investment disciplines, including market capitalization, term and geographic locations..
A glance at AllianceBernstein Holding LP (NYSE:AB)’s key stats reveals a current market capitalization of 2.16 Billion based on 96.37 Million shares outstanding and a price at last close of $22.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2009-03-30, Castries picked up 41,934,582 at a purchase price of $14.31. This brings their total holding to 41,934,582 as of the date of the filing.
On the sell side, the most recent transaction saw Axa unload 15,276,937 shares at a sale price of $21.07. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on AllianceBernstein Holding LP (NYSE:AB) as things move forward to see if its progress aligns with these transactions.
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