Ameriprise Financial (AMP) : Great Lakes Advisors scooped up 11,354 additional shares in Ameriprise Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 575,585 shares of Ameriprise Financial which is valued at $55,025,926.Ameriprise Financial makes up approximately 1.43% of Great Lakes Advisors’s portfolio.
Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in AMP by selling 572,194 shares or 22.16% in the most recent quarter. The Hedge Fund company now holds 2,010,394 shares of AMP which is valued at $192,193,666. Ameriprise Financial makes up approx 0.27% of Allianz Asset Management Ag’s portfolio.Shelton Capital Management reduced its stake in AMP by selling 400 shares or 13.75% in the most recent quarter. The Hedge Fund company now holds 2,509 shares of AMP which is valued at $237,878. Ameriprise Financial makes up approx 0.02% of Shelton Capital Management’s portfolio.Jfs Wealth Advisors reduced its stake in AMP by selling 4 shares or 14.81% in the most recent quarter. The Hedge Fund company now holds 23 shares of AMP which is valued at $2,198. Lowe Fs added AMP to its portfolio by purchasing 167 company shares during the most recent quarter which is valued at $16,116. Ameriprise Financial makes up approx 0.01% of Lowe Fs’s portfolio. Advocacy Wealth Management Services added AMP to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $19,362. Ameriprise Financial makes up approx 0.01% of Advocacy Wealth Management Services’s portfolio.
Ameriprise Financial opened for trading at $98.34 and hit $99.47 on the upside on Monday, eventually ending the session at $99.03, with a gain of 0.70% or 0.69 points. The heightened volatility saw the trading volume jump to 5,81,862 shares. Company has a market cap of $15,986 M.
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. 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.