GuruFocus - On August 22, 2024, Charles Stonehill, a Director at AllianceBernstein Holding LP (NYSE:AB), executed a sale of 4,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 25,923 shares of AllianceBernstein Holding LP.
AllianceBernstein Holding LP (NYSE:AB) is a global investment management firm providing solutions to meet the unique needs of investors. The company offers a broad range of investment services, including equity management, fixed income, and alternative investment options.
The shares were sold at a price of $34.87 each. On the day of the sale, the market cap of AllianceBernstein Holding LP was approximately $4.01 billion. The company's price-earnings ratio stood at 12.18, slightly above the industry median of 12.1.
According to the GF Value, the intrinsic value of AllianceBernstein Holding LP is estimated at $37.92 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.92.
Over the past year, the insider transaction history for AllianceBernstein Holding LP shows no insider buys and two insider sells. The insider, Charles Stonehill, has sold a total of 4,000 shares over the past year and has not made any purchases.
This recent transaction follows a trend observed within the company, where insider sales are more prevalent than insider buys, suggesting a cautious approach from the insiders regarding their investment in the company at current market prices.
For more detailed information on AllianceBernstein Holding LP's financial metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, investors are encouraged to review the company's latest filings and financial statements.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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