Pensionfund Sabic Exits Position in Ameriprise Financial (AMP)

Ameriprise Financial (AMP) : Pensionfund Sabic has sold out all of its stake in Ameriprise Financial during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 10,000 shares of Ameriprise Financial which is valued at $925,500.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in AMP during the most recent quarter. The investment firm sold 21,000 shares of AMP which is valued $1.9 Million.

On the company’s financial health, Ameriprise Financial reported $2.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $2.35. The company had revenue of $2978.00 million for the quarter, compared to analysts expectations of $2950.53 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 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 was Downgraded by Wells Fargo to ” Market Perform” on Jan 13, 2016. Ameriprise Financial was Upgraded by Credit Suisse to ” Outperform” on Jan 11, 2016.

Ameriprise Financial opened for trading at $92.29 and hit $93.57 on the upside on Monday, eventually ending the session at $92.55, with a gain of 1.37% or 1.25 points. The heightened volatility saw the trading volume jump to 10,99,760 shares. Company has a market cap of $15,638 M.

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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