University Of Texas Investment Managment Co Exits Position in Ameriprise Financial (AMP)

Ameriprise Financial (AMP) : University Of Texas Investment Managment Co has sold out all of its stake in Ameriprise Financial during the most recent quarter, according to the disclosure filed by the company on Apr 25, 2016 with the SEC. The investment management company has sold out 93 shares of Ameriprise Financial which is valued at $8,919.

Ameriprise Financial opened for trading at $96.09 and hit $97.94 on the upside on Monday, eventually ending the session at $97.82, with a gain of 2.00% or 1.92 points. The heightened volatility saw the trading volume jump to 14,36,447 shares. Company has a market cap of $16,529 M.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in AMP by selling 900 shares or 7.38% in the most recent quarter. The Hedge Fund company now holds 11,300 shares of AMP which is valued at $1,083,670. Ameriprise Financial makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio. First Citizens Bank Trust Co sold out all of its stake in AMP during the most recent quarter. The investment firm sold 7,513 shares of AMP which is valued $750,699.Gateway Investment Advisers reduced its stake in AMP by selling 6,746 shares or 34.44% in the most recent quarter. The Hedge Fund company now holds 12,841 shares of AMP which is valued at $1,283,073. Ameriprise Financial makes up approx 0.01% of Gateway Investment Advisers’s portfolio. Horizon Kinetics added AMP to its portfolio by purchasing 2,681 company shares during the most recent quarter which is valued at $258,502. Ameriprise Financial makes up approx 0.01% of Horizon Kinetics’s portfolio.Bkd Wealth Advisors reduced its stake in AMP by selling 79 shares or 3.33% in the most recent quarter. The Hedge Fund company now holds 2,293 shares of AMP which is valued at $221,091. Ameriprise Financial makes up approx 0.03% of Bkd Wealth Advisors’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 RBC Capital Mkts on Apr 28, 2016 to “Outperform” and Lowered the Price Target to $ 121 from a previous price target of $122 .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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