Ameriprise Financial (AMP) : Efg Asset Management (americas) Corp. reduced its stake in Ameriprise Financial by 19.12% during the most recent quarter end. The investment management company now holds a total of 32,492 shares of Ameriprise Financial which is valued at $3,712,536 after selling 7,680 shares in Ameriprise Financial , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ameriprise Financial makes up approximately 1.62% of Efg Asset Management (americas) Corp.’s portfolio.
Other Hedge Funds, Including , Newfound Research added AMP to its portfolio by purchasing 1 company shares during the most recent quarter which is valued at $91.Mutual Of America Capital Management boosted its stake in AMP in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 41,270 shares of Ameriprise Financial which is valued at $3,580,585. Ameriprise Financial makes up approx 0.08% of Mutual Of America Capital Management’s portfolio.Greatmark Investment Partners boosted its stake in AMP in the latest quarter, The investment management firm added 945 additional shares and now holds a total of 14,794 shares of Ameriprise Financial which is valued at $1,297,434. Ameriprise Financial makes up approx 0.58% of Greatmark Investment Partners’s portfolio.
Ameriprise Financial closed down -0.45 points or -0.40% at $113.14 with 10,87,487 shares getting traded on Monday. Post opening the session at $113.55, the shares hit an intraday low of $113.04 and an intraday high of $114.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Ameriprise Financial reported $2.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $2.42. The company had revenue of $2998.00 million for the quarter, compared to analysts expectations of $2874.65 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 EPS.
Many Wall Street Analysts have commented on Ameriprise Financial. Deutsche Bank Downgraded Ameriprise Financial on Oct 14, 2016 to ” Hold”, Price Target of the shares are set at $112.Ameriprise Financial was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016.
Ameriprise Financial Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management Asset Management Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice as well as full-service brokerage services primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.