Panagora Asset Management INC Has Boosted Holding in Ameriprise Financial INC (AMP)

February 15, 2018 - By Clifton Ray

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.15, from 1.12 in 2017Q2. It turned negative, as 35 investors sold AMP shares while 228 reduced holdings. 76 funds opened positions while 178 raised stakes. 116.09 million shares or 1.34% more from 114.55 million shares in 2017Q2 were reported. Stephens Ar owns 6,040 shares or 0.03% of their US portfolio. Architects Incorporated stated it has 781 shares. The California-based Schwab Charles Invest Inc has invested 0.07% in Ameriprise Financial, Inc. (NYSE:AMP). Logan Cap Management holds 0.01% in Ameriprise Financial, Inc. (NYSE:AMP) or 1,358 shares. Vanguard Gp Incorporated reported 12.78M shares. Natl Bank Of New York Mellon reported 0.14% stake. Cap Int has 0.05% invested in Ameriprise Financial, Inc. (NYSE:AMP). First Personal Services accumulated 0% or 82 shares. Bokf Na holds 32,704 shares or 0.14% of its portfolio. Commercial Bank Of Hawaii stated it has 8,823 shares. Fundx Investment Group Limited Liability Company has invested 0.11% in Ameriprise Financial, Inc. (NYSE:AMP). The Utah-based Wasatch Advsr has invested 0.01% in Ameriprise Financial, Inc. (NYSE:AMP). California-based First Republic Management has invested 0.08% in Ameriprise Financial, Inc. (NYSE:AMP). Fort Washington Inv Advsr Oh stated it has 0.08% in Ameriprise Financial, Inc. (NYSE:AMP). Charter Tru reported 0.03% in Ameriprise Financial, Inc. (NYSE:AMP).

Since August 14, 2017, it had 0 insider purchases, and 9 sales for $10.94 million activity. Shares for $957,220 were sold by McGraw Deirdre Davey. TRUSCOTT WILLIAM F sold 31,379 shares worth $5.45M. 39,450 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $5.70M were sold by CRACCHIOLO JAMES M. Kupper Randy also sold $396,205 worth of Ameriprise Financial, Inc. (NYSE:AMP) on Friday, October 27. 7,329 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $1.24 million were sold by Sweeney Joseph Edward. $1.45M worth of Ameriprise Financial, Inc. (NYSE:AMP) was sold by Woerner John Robert on Thursday, October 26.

Panagora Asset Management Inc increased its stake in Ameriprise Financial Inc (AMP) by 59.23% based on its latest 2017Q3 regulatory filing with the SEC. Panagora Asset Management Inc bought 548,153 shares as the company’s stock declined 2.45% while stock markets rallied. The institutional investor held 1.47M shares of the finance company at the end of 2017Q3, valued at $218.85 million, up from 925,495 at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Ameriprise Financial Inc for a number of months, seems to be bullish on the $23.38B market cap company. The stock decreased 1.03% or $1.65 during the last trading session, reaching $158.07. About 685,319 shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since February 15, 2017 and is uptrending. It has outperformed by 13.55% the S&P500.

Panagora Asset Management Inc, which manages about $37.15B and $25.26B US Long portfolio, decreased its stake in Capital One Financial Corp (NYSE:COF) by 254,137 shares to 676,492 shares, valued at $57.27M in 2017Q3, according to the filing. It also reduced its holding in Wells Fargo & Co (NYSE:WFC) by 551,377 shares in the quarter, leaving it with 1.72M shares, and cut its stake in Parker Hannifin Corp (NYSE:PH).

More recent Ameriprise Financial, Inc. (NYSE:AMP) news were published by: Seekingalpha.com which released: “Ameriprise Financial, Inc. (AMP) CEO James Cracchiolo Q4 2017 Results …” on January 25, 2018. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: Ameriprise Financial, Brookline Bancorp and GEO Group” on February 13, 2018. Nasdaq.com‘s news article titled: “Ameriprise Financial Inc. Q4 Income Drops” with publication date: January 24, 2018 was also an interesting one.

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

Among 14 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Ameriprise Financial had 45 analyst reports since September 7, 2015 according to SRatingsIntel. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Hold” rating given on Monday, December 19 by Suntrust Robinson. Credit Suisse initiated Ameriprise Financial, Inc. (NYSE:AMP) on Friday, October 7 with “Neutral” rating. The firm has “Overweight” rating given on Thursday, October 5 by Morgan Stanley. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Market Perform” rating by Wells Fargo on Wednesday, January 13. Barclays Capital maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Friday, January 29. Barclays Capital has “Equal-Weight” rating and $99 target. As per Thursday, January 18, the company rating was maintained by SunTrust. RBC Capital Markets maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Friday, December 15. RBC Capital Markets has “Hold” rating and $168.0 target. The firm has “Hold” rating given on Monday, September 7 by Zacks. The stock has “Hold” rating by RBC Capital Markets on Wednesday, October 18. The rating was upgraded by Credit Suisse to “Outperform” on Monday, January 9.

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