Bridges Investment Management Inc buys $1,446,342 stake in Ameriprise Financial (AMP)

Ameriprise Financial (AMP) : Bridges Investment Management Inc scooped up 2,130 additional shares in Ameriprise Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 14,475 shares of Ameriprise Financial which is valued at $1,446,342.Ameriprise Financial makes up approximately 0.25% of Bridges Investment Management Inc’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 , Umb Bank N Amo reduced its stake in AMP by selling 76 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 3,491 shares of AMP which is valued at $348,821. Ameriprise Financial makes up approx 0.01% of Umb Bank N Amo’s portfolio.Crestpoint Capital Management reduced its stake in AMP by selling 1,300 shares or 32.5% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of AMP which is valued at $260,334. Ameriprise Financial makes up approx 0.14% of Crestpoint Capital Management’s portfolio.

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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