Ameriprise Financial (AMP) : Quantbot Technologies Lp added new position in Ameriprise Financial during the most recent quarter end. The investment management firm now holds 67,276 shares of Ameriprise Financial which is valued at $6,378,438 , the company said in a statement filed on Aug 2, 2016 with the SEC.Ameriprise Financial makes up approximately 0.66% of Quantbot Technologies Lp’s portfolio.
Other Hedge Funds, Including , Cibc Asset Management Inc reduced its stake in AMP by selling 3 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 16,795 shares of AMP which is valued at $1,592,334. Ameriprise Financial makes up approx 0.01% of Cibc Asset Management Inc’s portfolio. Hengehold Capital Management added AMP to its portfolio by purchasing 16,534 company shares during the most recent quarter which is valued at $1,595,531. Ameriprise Financial makes up approx 0.50% of Hengehold Capital Management’s portfolio.Raymond James Trust N.a. reduced its stake in AMP by selling 338 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 9,611 shares of AMP which is valued at $873,063. Ameriprise Financial makes up approx 0.07% of Raymond James Trust N.a.’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 opened for trading at $96.54 and hit $97.49 on the upside on Monday, eventually ending the session at $96.81, with a gain of 0.30% or 0.29 points. The heightened volatility saw the trading volume jump to 5,68,417 shares. Company has a market cap of $15,627 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.