Ameriprise Financial (AMP) : Norges Bank scooped up 5,953,546 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 7,919,556 shares of Ameriprise Financial which is valued at $757,109,554.Ameriprise Financial makes up approximately 0.35% of Norges Bank’s portfolio.
Other Hedge Funds, Including , Renaissance Technologies sold out all of its stake in AMP during the most recent quarter. The investment firm sold 207,400 shares of AMP which is valued $19,827,440.Northrock Partners boosted its stake in AMP in the latest quarter, The investment management firm added 14,769 additional shares and now holds a total of 22,539 shares of Ameriprise Financial which is valued at $2,154,728. Ameriprise Financial makes up approx 0.93% of Northrock Partners’s portfolio.Oppenheimer Co Inc boosted its stake in AMP in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 7,225 shares of Ameriprise Financial which is valued at $694,539. Ameriprise Financial makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.Regentatlantic Capital reduced its stake in AMP by selling 300 shares or 5.06% in the most recent quarter. The Hedge Fund company now holds 5,628 shares of AMP which is valued at $543,102. Ameriprise Financial makes up approx 0.05% of Regentatlantic Capital’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.