Chicago Trust Co Na buys $2,033,576 stake in Ameriprise Financial (AMP)

Ameriprise Financial (AMP) : Chicago Trust Co Na scooped up 973 additional shares in Ameriprise Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 20,399 shares of Ameriprise Financial which is valued at $2,033,576.Ameriprise Financial makes up approximately 0.94% of Chicago Trust Co Na’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in AMP by selling 17,722 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 751,227 shares of AMP which is valued at $74,889,820. Ameriprise Financial makes up approx 0.08% of Legal General Group Plc’s portfolio. Carroll Financial Associates added AMP to its portfolio by purchasing 60 company shares during the most recent quarter which is valued at $6,097.First Mercantile Trust Co boosted its stake in AMP in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 3,600 shares of Ameriprise Financial which is valued at $364,176. Ameriprise Financial makes up approx 0.05% of First Mercantile Trust Co’s portfolio.

Ameriprise Financial closed down -1.93 points or -1.90% at $99.69 with 6,94,860 shares getting traded on Tuesday. Post opening the session at $101.36, the shares hit an intraday low of $99.13 and an intraday high of $101.83 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Ameriprise Financial reported $2.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $2.18. The company had revenue of $2788.00 million for the quarter, compared to analysts expectations of $2853.16 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.18 EPS.

Many Wall Street Analysts have commented on Ameriprise Financial. Ameriprise Financial was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Shares were Downgraded by RBC Capital Mkts on Jul 25, 2016 to ” Sector Perform” and Lowered the Price Target to $ 98 from a previous price target of $121 .

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.

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