Legacy Private Trust Lowers stake in Ameriprise Financial (AMP)

Ameriprise Financial (AMP) : Legacy Private Trust reduced its stake in Ameriprise Financial by 12.92% during the most recent quarter end. The investment management company now holds a total of 28,683 shares of Ameriprise Financial which is valued at $2,866,005 after selling 4,255 shares in Ameriprise Financial , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Ameriprise Financial makes up approximately 0.43% of Legacy Private Trust’s portfolio.

Ameriprise Financial opened for trading at $99.79 and hit $101.43 on the upside on Wednesday, eventually ending the session at $101.07, with a gain of 0.83% or 0.83 points. The heightened volatility saw the trading volume jump to 11,04,190 shares. Company has a market cap of $17,078 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in AMP during the most recent quarter. The investment firm sold 5,296 shares of AMP which is valued $529,176.Atria Investments boosted its stake in AMP in the latest quarter, The investment management firm added 2,501 additional shares and now holds a total of 10,573 shares of Ameriprise Financial which is valued at $1,056,454. Ameriprise Financial makes up approx 0.12% of Atria Investments’s portfolio.Capstone Asset Management Co boosted its stake in AMP in the latest quarter, The investment management firm added 1,995 additional shares and now holds a total of 16,828 shares of Ameriprise Financial which is valued at $1,622,556. Ameriprise Financial makes up approx 0.05% of Capstone Asset Management Co’s portfolio. Trust Co Of Virginia Va sold out all of its stake in AMP during the most recent quarter. The investment firm sold 46,820 shares of AMP which is valued $4,333,191.

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 Reiterated by UBS on Jan 29, 2016 to “Buy” and Lowered the Price Target to $ 120 from a previous price target of $136 .

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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