Ameriprise Finl INC Com (AMP) Shares Declined While Rhumbline Advisers Has Decreased Position by $3.32 Million

Ameriprise Financial, Inc. (NYSE:AMP) LogoInvestors sentiment decreased to 0.9 in Q2 2018. Its down 0.02, from 0.92 in 2018Q1. It turned negative, as 58 investors sold AMP shares while 215 reduced holdings. 60 funds opened positions while 186 raised stakes. 107.51 million shares or 4.56% less from 112.65 million shares in 2018Q1 were reported. Eagle Asset Mgmt Inc has 557,156 shares. Chevy Chase Tru Holding Incorporated holds 0.07% in Ameriprise Financial, Inc. (NYSE:AMP) or 121,633 shares. Chicago Equity Limited holds 0.12% or 29,080 shares. 2.95 million were reported by Aristotle Cap Mngmt Ltd Liability Corp. Canada Pension Plan Inv Board reported 0.07% in Ameriprise Financial, Inc. (NYSE:AMP). Schwab Charles Invest Mngmt Inc holds 0.08% or 738,482 shares in its portfolio. Dimensional Fund Advisors Lp owns 0.04% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 718,555 shares. Commonwealth Of Pennsylvania School Empls Retrmt reported 0.03% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Brown Advisory Inc holds 1.15M shares or 0.49% of its portfolio. Bremer National Association holds 10,661 shares. Citigroup holds 143,888 shares or 0.02% of its portfolio. Financial Counselors stated it has 107,151 shares or 0.69% of all its holdings. Dupont Mgmt reported 1,483 shares stake. Mirae Asset Glob Invs Ltd invested 0.01% in Ameriprise Financial, Inc. (NYSE:AMP). Oppenheimer Comm reported 7,119 shares or 0.03% of all its holdings.

Rhumbline Advisers decreased its stake in Ameriprise Finl Inc Com (AMP) by 7.53% based on its latest 2018Q2 regulatory filing with the SEC. Rhumbline Advisers sold 23,887 shares as the company’s stock declined 3.25% while stock markets rallied. The institutional investor held 293,301 shares of the finance company at the end of 2018Q2, valued at $41.03M, down from 317,188 at the end of the previous reported quarter. Rhumbline Advisers who had been investing in Ameriprise Finl Inc Com for a number of months, seems to be less bullish one the $16.53B market cap company. The stock decreased 2.33% or $2.83 during the last trading session, reaching $118.6. About 1.60 million shares traded or 67.39% up from the average. Ameriprise Financial, Inc. (NYSE:AMP) has risen 2.74% since December 6, 2017 and is uptrending. It has underperformed by 12.88% the S&P500.

Rhumbline Advisers, which manages about $34.12B and $49.58B US Long portfolio, upped its stake in Amazon.Com Inc Com (NASDAQ:AMZN) by 16,245 shares to 683,581 shares, valued at $1.16 billion in 2018Q2, according to the filing. It also increased its holding in Oasis Pete Inc New Com (NYSE:OAS) by 253,896 shares in the quarter, for a total of 547,426 shares, and has risen its stake in Microsoft Corp Com (NASDAQ:MSFT).

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on January, 23. They expect $3.85 EPS, up 18.10 % or $0.59 from last year’s $3.26 per share. AMP’s profit will be $536.50M for 7.70 P/E if the $3.85 EPS becomes a reality. After $3.74 actual EPS reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts 2.94 % EPS growth.

More important recent Ameriprise Financial, Inc. (NYSE:AMP) news were published by: Streetinsider.com which released: “Australian banks lick their wounds as misconduct inquiry concludes – StreetInsider.com” on November 28, 2018, also Streetinsider.com published article titled: “Australia’s AMP to spend over $852 million in remediation, CEO tells inquiry – StreetInsider.com”, Streetinsider.com published: “‘No more apologies’: barrister tells Australian bank chiefs – StreetInsider.com” on November 18, 2018. More interesting news about Ameriprise Financial, Inc. (NYSE:AMP) was released by: Streetinsider.com and their article: “Australian financial sector faces reckoning as misconduct inquiry ends – StreetInsider.com” with publication date: November 30, 2018.

Ameriprise Financial, Inc. (NYSE:AMP) Ratings Coverage

Among 4 analysts covering Ameriprise Financial (NYSE:AMP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Ameriprise Financial had 5 analyst reports since July 9, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, July 25 report. The stock has “Buy” rating by UBS on Wednesday, October 24. The rating was maintained by Barclays Capital on Monday, July 9 with “Equal-Weight”. The rating was maintained by Credit Suisse with “Neutral” on Friday, August 17. The firm earned “Overweight” rating on Tuesday, November 13 by Morgan Stanley.

Ameriprise Financial, Inc. (NYSE:AMP) Ratings Chart

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