August 9, 2018 – By Jimmy Cauthen
State Of Wisconsin Investment Board decreased its stake in Ameriprise Finl Inc (AMP) by 4.87% based on its latest 2018Q1 regulatory filing with the SEC. State Of Wisconsin Investment Board sold 9,606 shares as the company’s stock declined 12.38% with the market. The institutional investor held 187,509 shares of the finance company at the end of 2018Q1, valued at $27.74 million, down from 197,115 at the end of the previous reported quarter. State Of Wisconsin Investment Board who had been investing in Ameriprise Finl Inc for a number of months, seems to be less bullish one the $20.07B market cap company. The stock increased 0.49% or $0.69 during the last trading session, reaching $141.46. About 1.12 million shares traded or 4.56% up from the average. Ameriprise Financial, Inc. (NYSE:AMP) has risen 16.00% since August 9, 2017 and is uptrending. It has outperformed by 3.43% the S&P500. Some Historical AMP News: 19/04/2018 – DoJ CA Central: Financial Advisor Faces Federal Fraud and Money Laundering Charges Alleging Thefts from Ameriprise Clients and; 23/04/2018 – AMERIPRISE FINANCIAL INC – REGULAR QUARTERLY DIVIDEND RAISED 8 PERCENT TO $0.90 PER DILUTED SHARE; 14/03/2018 – In a new Ameriprise survey, most people said they had experienced a financial setback in the past five years; 23/04/2018 – CORRECT: AMERIPRISE AUM $485B; 14/03/2018 – Ameriprise Study: Investors Across Five Decades Feel Confident About Their Financial Journey, Despite Setbacks and Fears; 24/04/2018 – Ameriprise Financial Earns Top Marks for Customer Service; 23/04/2018 – AMERIPRISE FINL BOOSTS REGULAR QTRLY DIV; 23/04/2018 – Ameriprise Raises Dividend to 90c; 30/04/2018 – CommSec: Beach Energy $BPT rose most in April while $AMP was the worst performer on the #ASX 200 over the month. Source: Blo…; 05/03/2018 – Ameriprise Settles SEC Mutual Fund Charges — Barrons.com
Investor Ab decreased its stake in Chinacache Intl Hldg Ltd (CCIH) by 55.41% based on its latest 2018Q1 regulatory filing with the SEC. Investor Ab sold 1.47 million shares as the company’s stock declined 10.65% with the market. The institutional investor held 1.18 million shares of the edp services company at the end of 2018Q1, valued at $1.26M, down from 2.65M at the end of the previous reported quarter. Investor Ab who had been investing in Chinacache Intl Hldg Ltd for a number of months, seems to be less bullish one the $30.64 million market cap company. The stock increased 0.88% or $0.01 during the last trading session, reaching $1.15. About 25,020 shares traded. ChinaCache International Holdings Ltd. (NASDAQ:CCIH) has risen 31.75% since August 9, 2017 and is uptrending. It has outperformed by 19.18% the S&P500. Some Historical CCIH News: 27/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – TERMINATION OF AGREEMENT WAS APPROVED BY COMPANY’S AUDIT COMMITTEE; 01/05/2018 – ChinaCache Files 2017 Annual Report on Form 20-F; 27/04/2018 – ChinaCache Terminated Agreement to Sell Data Center Assets; 10/05/2018 – ChinaCache Adopts Shareholder Rights Plan; 22/03/2018 $CCIH fwiw the ChinaCache on Amazon AWS news from yesterday is indeed new. This PR titled “ChinaCache Launches CDN Solution on AWS Marketplace” was disseminated on March 20 in China but not the US; 27/04/2018 – ChinaCache International: None of the Parties to the Agreement Incurred a Breakup Fee Due to the Termination; 10/05/2018 – ChinaCache: Rights Plan Not Adopted in Response to Any Specific Effort to Acquire Control; 26/04/2018 – ChinaCache International Names Guangsheng Meng as Chief Fincl Officer; 10/05/2018 – ChinaCache International: Rights Plan Has 15% Trigger; 26/04/2018 – ChinaCache Appoints Guangsheng Meng as Chief Financial Officer
Among 15 analysts covering Ameriprise Financial (NYSE:AMP), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 33% are positive. Ameriprise Financial had 56 analyst reports since September 7, 2015 according to SRatingsIntel. Barclays Capital maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Monday, July 9. Barclays Capital has “Equal-Weight” rating and $165 target. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, January 13. The firm earned “Hold” rating on Thursday, January 25 by RBC Capital Markets. The company was maintained on Wednesday, April 6 by Citigroup. The firm earned “Hold” rating on Monday, September 7 by Zacks. Sandler O’Neill maintained the shares of AMP in report on Thursday, January 18 with “Hold” rating. Barclays Capital maintained it with “Equal-Weight” rating and $142 target in Friday, August 11 report. The rating was maintained by SunTrust with “Hold” on Thursday, January 18. The rating was downgraded by Evercore on Friday, March 2 to “In-Line”. The rating was maintained by Sandler O’Neill on Monday, February 12 with “Hold”.
Since February 23, 2018, it had 2 insider purchases, and 1 insider sale for $807,426 activity. 3,728 shares valued at $500,004 were bought by Berman Walter Stanley on Wednesday, May 2. $1.01 million worth of Ameriprise Financial, Inc. (NYSE:AMP) was bought by CRACCHIOLO JAMES M.
More important recent Ameriprise Financial, Inc. (NYSE:AMP) news were published by: Seekingalpha.com which released: “Ameriprise Financial Q2 results bolstered by wealth & management unit” on July 24, 2018, also Seekingalpha.com published article titled: “Asset managers defended at Goldman”, Streetinsider.com published: “NAB in crosshairs as inquiry turns sights on Australian pension funds” on August 06, 2018. More interesting news about Ameriprise Financial, Inc. (NYSE:AMP) was released by: Bizjournals.com and their article: “Minnesota’s public companies are disclosing loads of new details about worker pay. Too bad critics say it’s mostly …” with publication date: August 02, 2018.
Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.21, from 1.13 in 2017Q4. It is negative, as 39 investors sold AMP shares while 237 reduced holdings. 66 funds opened positions while 189 raised stakes. 112.65 million shares or 2.67% less from 115.74 million shares in 2017Q4 were reported. Raymond James Finance Svcs Advsrs stated it has 0.02% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Metropolitan Life Ins owns 28,659 shares. Auxier Asset Mgmt invested in 2,818 shares. Advantus Cap Management holds 0.06% in Ameriprise Financial, Inc. (NYSE:AMP) or 14,948 shares. Moreover, Dimensional Fund Advsr Limited Partnership has 0.04% invested in Ameriprise Financial, Inc. (NYSE:AMP). 318 are held by Optimum Investment Advsr. Teacher Retirement Of Texas holds 0.09% or 93,313 shares in its portfolio. 2,498 are owned by Becker Cap Management. Scotia Cap Inc reported 5,796 shares stake. Jane Street Grp Inc Limited Company invested in 22,711 shares. Smith Asset Management Group Incorporated LP invested in 74,167 shares or 0.36% of the stock. 152 are owned by Country Tru Bancorp. Natl Bank Of New York Mellon stated it has 2.71 million shares or 0.11% of all its holdings. Pathstone Family Office, New Jersey-based fund reported 42 shares. The Illinois-based Chicago Equity Ptnrs Limited Liability Co has invested 0.3% in Ameriprise Financial, Inc. (NYSE:AMP).
Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on October, 23. They expect $3.57 EPS, up 1.13% or $0.04 from last year’s $3.53 per share. AMP’s profit will be $506.45 million for 9.91 P/E if the $3.57 EPS becomes a reality. After $3.60 actual EPS reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts -0.83% negative EPS growth.
State Of Wisconsin Investment Board, which manages about $34.63 billion US Long portfolio, upped its stake in National Oilwell Varco Inc (NYSE:NOV) by 140,369 shares to 457,714 shares, valued at $16.85 million in 2018Q1, according to the filing. It also increased its holding in Atmos Energy Corp (NYSE:ATO) by 22,548 shares in the quarter, for a total of 173,890 shares, and has risen its stake in Cbre Group Inc (NYSE:CBG).