Ameriprise Financial (AMP) : Founders Financial Securities added new position in Ameriprise Financial during the most recent quarter end. The investment management firm now holds 22,181 shares of Ameriprise Financial which is valued at $2,014,922 , the company said in a statement filed on Jul 8, 2016 with the SEC.Ameriprise Financial makes up approximately 0.91% of Founders Financial Securities’s portfolio.
Other Hedge Funds, Including , Chicago Trust Co Na boosted its stake in AMP in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 19,426 shares of Ameriprise Financial which is valued at $1,764,658. Ameriprise Financial makes up approx 0.75% of Chicago Trust Co Na’s portfolio.Curian Capital reduced its stake in AMP by selling 103,444 shares or 77.22% in the most recent quarter. The Hedge Fund company now holds 30,517 shares of AMP which is valued at $2,772,164. Ameriprise Financial makes up approx 0.20% of Curian Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMP by selling 72,797 shares or 73.76% in the most recent quarter. The Hedge Fund company now holds 25,904 shares of AMP which is valued at $2,353,119. Ameriprise Financial makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Kistler-tiffany Companies reduced its stake in AMP by selling 48 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 282 shares of AMP which is valued at $25,617. Ameriprise Financial makes up approx 0.01% of Kistler-tiffany Companies’s portfolio.
Ameriprise Financial closed down -0.77 points or -0.81% at $93.85 with 10,87,486 shares getting traded on Wednesday. Post opening the session at $94.52, the shares hit an intraday low of $93.185 and an intraday high of $94.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.