Ameriprise Financial (AMP) : Nippon Life Global Investors Americas scooped up 3,900 additional shares in Ameriprise Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 157,165 shares of Ameriprise Financial which is valued at $14.7 Million.Ameriprise Financial makes up approximately 1.40% of Nippon Life Global Investors Americas’s portfolio.
Other Hedge Funds, Including , New Mexico Educational Retirement Board reduced its stake in AMP by selling 100 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 19,231 shares of AMP which is valued at $1.8 Million. Ameriprise Financial makes up approx 0.09% of New Mexico Educational Retirement Board’s portfolio. Gargoyle Investment Advisor L.l.c. added AMP to its portfolio by purchasing 26,362 company shares during the most recent quarter which is valued at $2.5 Million. Ameriprise Financial makes up approx 0.86% of Gargoyle Investment Advisor L.l.c.’s portfolio.Jennison Associates reduced its stake in AMP by selling 9,673 shares or 33.69% in the most recent quarter. The Hedge Fund company now holds 19,039 shares of AMP which is valued at $1.8 Million.Public Employees Retirement Association Of Colorado boosted its stake in AMP in the latest quarter, The investment management firm added 783 additional shares and now holds a total of 39,774 shares of Ameriprise Financial which is valued at $3.8 Million. Ameriprise Financial makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.
Ameriprise Financial opened for trading at $97.26 and hit $98.24 on the upside on Friday, eventually ending the session at $97.67, with a gain of 1.10% or 1.06 points. The heightened volatility saw the trading volume jump to 8,83,140 shares. Company has a market cap of $16,195 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 Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform” and Lowered the Price Target to $ 121 from a previous price target of $122 .
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.