Horizon Investments Lowers stake in Ameriprise Financial (AMP)

Ameriprise Financial (AMP) : Horizon Investments reduced its stake in Ameriprise Financial by 61.28% during the most recent quarter end. The investment management company now holds a total of 8,599 shares of Ameriprise Financial which is valued at $982,522 after selling 13,609 shares in Ameriprise Financial , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ameriprise Financial makes up approximately 0.07% of Horizon Investments’s portfolio.

Other Hedge Funds, Including , Ahl Partners Llp added AMP to its portfolio by purchasing 13,409 company shares during the most recent quarter which is valued at $1,532,112. Ameriprise Financial makes up approx 0.06% of Ahl Partners Llp’s portfolio.Lord Abbett reduced its stake in AMP by selling 124,700 shares or 13.68% in the most recent quarter. The Hedge Fund company now holds 787,100 shares of AMP which is valued at $86,494,419. Ameriprise Financial makes up approx 0.27% of Lord Abbett’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in AMP by selling 4,057 shares or 30.56% in the most recent quarter. The Hedge Fund company now holds 9,219 shares of AMP which is valued at $940,338. Ameriprise Financial makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’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.

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