Sadoff Investment Management Increased Its Alliancebernstein Holding LP (AB) Holding by $392,400; Stock Declined; Amg National Trust Bank Has Increased Position in Credit Suisse Group Adr (CS) by $401,625

January 14, 2018 - By Michael Collier

Sadoff Investment Management Llc increased its stake in Alliancebernstein Holding Lp (AB) by 6.83% based on its latest 2017Q3 regulatory filing with the SEC. Sadoff Investment Management Llc bought 16,350 shares as the company’s stock declined 13.43% while stock markets rallied. The institutional investor held 255,750 shares of the investment managers company at the end of 2017Q3, valued at $6.22M, up from 239,400 at the end of the previous reported quarter. Sadoff Investment Management Llc who had been investing in Alliancebernstein Holding Lp for a number of months, seems to be bullish on the $2.55 billion market cap company. The stock increased 0.18% or $0.05 during the last trading session, reaching $27.2. About 277,069 shares traded or 4.41% up from the average. AllianceBernstein Holding L.P. (NYSE:AB) has declined 7.46% since January 14, 2017 and is downtrending. It has underperformed by 24.16% the S&P500.

Amg National Trust Bank increased its stake in Credit Suisse Group Adr (CS) by 18.88% based on its latest 2017Q3 regulatory filing with the SEC. Amg National Trust Bank bought 26,775 shares as the company’s stock declined 6.87% while stock markets rallied. The institutional investor held 168,629 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $2.66 million, up from 141,854 at the end of the previous reported quarter. Amg National Trust Bank who had been investing in Credit Suisse Group Adr for a number of months, seems to be bullish on the $48.04B market cap company. The stock increased 1.12% or $0.21 during the last trading session, reaching $18.96. About 2.61M shares traded. Credit Suisse Group AG (NYSE:CS) has risen 6.69% since January 14, 2017 and is uptrending. It has underperformed by 10.01% the S&P500.

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Credit Suisse Group Ag had 22 analyst reports since July 28, 2015 according to SRatingsIntel. UBS upgraded Credit Suisse Group AG (NYSE:CS) on Thursday, May 19 to “Buy” rating. The company was upgraded on Friday, October 6 by RBC Capital Markets. The stock of Credit Suisse Group AG (NYSE:CS) has “Neutral” rating given on Friday, November 4 by Macquarie Research. The rating was initiated by JP Morgan on Monday, June 26 with “Overweight”. The firm has “Overweight” rating by Morgan Stanley given on Friday, February 17. The firm has “Hold” rating given on Tuesday, July 28 by TheStreet. The firm has “Overweight” rating given on Thursday, December 8 by JP Morgan. The rating was upgraded by Keefe Bruyette & Woods on Thursday, November 10 to “Outperform”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, June 28. The rating was downgraded by Societe Generale on Tuesday, January 9 to “Hold”.

Amg National Trust Bank, which manages about $1.45B US Long portfolio, decreased its stake in Ishares (ACWX) by 9,263 shares to 1.62M shares, valued at $78.42M in 2017Q3, according to the filing. It also reduced its holding in Vanguard (BND) by 7,447 shares in the quarter, leaving it with 22,599 shares, and cut its stake in Ppg (NYSE:PPG).

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