AllianceBernstein: Third Quarter Institutional Investor Stock Sales

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of AllianceBernstein Holding L.P. (NYSE:AB).

SEC data indicate that no insiders have sold AllianceBernstein Holding L.P.’s stock since 06/30/2011.

SEC data indicate that these institutions significantly reduced their stock shares of AllianceBernstein Holding L.P. in Q3 2011:

  • ING INVESTMENT MANAGEMENT (EUROPE) B.V.: On 06/30/2011, held 916,000 shares, worth $17,110,880. On 09/30/2011, held 0 shares.
  • OLSTEIN CAPITAL MANAGEMENT, L.P.: On 06/30/2011, held 620,000 shares, worth $11,581,600. On 09/30/2011, held 0 shares.
  • HERNDON PLANT OAKLEY LTD: On 06/30/2011, held 275,760 shares, worth $5,151,197. On 09/30/2011, held 0 shares.
  • EVERGREEN CAPITAL MANAGEMENT LLC: On 06/30/2011, held 147,614 shares, worth $2,757,430. On 09/30/2011, held 0 shares.

About the company: AllianceBernstein Holding LP is an investment management firm. The Company provides investment management services to U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide.

Competitors to Watch: UBS AG (NYSE:UBS), Legg Mason, Inc. (NYSE:LM), Westwood Hldgs. Group, Inc. (NYSE:WHG), Artio Global Investors Inc. (NYSE:ART), Diamond Hill Investment Group, Inc. (NASDAQ:DHIL), Epoch Holding Corp (NASDAQ:EPHC), Sanders Morris Harris Group (NASDAQ:SMHG), Gamco Investors Inc. (NYSE:GBL), Pzena Investment Management, Inc. (NYSE:PZN), Citigroup (NYSE:C), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM), Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS), Wells Fargo (NYSE:WFC) and Franklin Resources, Inc. (NYSE:BEN).

(Note: Data regarding AllianceBernstein Holding L.P.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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