Gyroscope Capital Management Group buys $3,565,750 stake in Ameriprise Financial (AMP)

Ameriprise Financial (AMP) : Gyroscope Capital Management Group scooped up 470 additional shares in Ameriprise Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 37,093 shares of Ameriprise Financial which is valued at $3,565,750.Ameriprise Financial makes up approximately 2.79% of Gyroscope Capital Management Group’s portfolio.

Other Hedge Funds, Including , Thompson Siegel Walmsley boosted its stake in AMP in the latest quarter, The investment management firm added 1,450 additional shares and now holds a total of 10,801 shares of Ameriprise Financial which is valued at $1,042,513. Ameriprise Financial makes up approx 0.02% of Thompson Siegel Walmsley’s portfolio. Gsa Capital Partners Llp added AMP to its portfolio by purchasing 13,787 company shares during the most recent quarter which is valued at $1,330,721. Ameriprise Financial makes up approx 0.07% of Gsa Capital Partners Llp’s portfolio. Wright Investors Service Inc added AMP to its portfolio by purchasing 4,795 company shares during the most recent quarter which is valued at $454,614. Ameriprise Financial makes up approx 0.18% of Wright Investors Service Inc’s portfolio.Foundry Partners boosted its stake in AMP in the latest quarter, The investment management firm added 4,635 additional shares and now holds a total of 83,199 shares of Ameriprise Financial which is valued at $7,808,226. Ameriprise Financial makes up approx 0.73% of Foundry Partners’s portfolio.

Ameriprise Financial opened for trading at $95.92 and hit $97.12 on the upside on Monday, eventually ending the session at $96.85, with a gain of 1.31% or 1.25 points. The heightened volatility saw the trading volume jump to 4,36,994 shares. Company has a market cap of $15,634 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 Downgraded by RBC Capital Mkts on Jul 25, 2016 to ” Sector Perform” and Lowered the Price Target to $ 98 from a previous price target of $121 .

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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