Ameriprise Financial (AMP) : Founders Financial Securities reduced its stake in Ameriprise Financial by 61.25% during the most recent quarter end. The investment management company now holds a total of 8,596 shares of Ameriprise Financial which is valued at $869,571 after selling 13,585 shares in Ameriprise Financial , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Ameriprise Financial makes up approximately 0.37% of Founders Financial Securities’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co boosted its stake in AMP in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 3,600 shares of Ameriprise Financial which is valued at $364,176. Ameriprise Financial makes up approx 0.05% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMP by selling 10,761 shares or 41.54% in the most recent quarter. The Hedge Fund company now holds 15,143 shares of AMP which is valued at $1,562,606. Ameriprise Financial makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in AMP by selling 6,877 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 136,027 shares of AMP which is valued at $14,036,626. Ameriprise Financial makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants reduced its stake in AMP by selling 120 shares or 13.41% in the most recent quarter. The Hedge Fund company now holds 775 shares of AMP which is valued at $79,972. Ameriprise Financial makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.
Ameriprise Financial closed down -1.65 points or -1.60% at $101.16 with 9,03,400 shares getting traded on Friday. Post opening the session at $102.72, the shares hit an intraday low of $100.62 and an intraday high of $102.72 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Ameriprise Financial was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. 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.