Numeric Investors LLC Holding in Ameriprise Finl INC (AMP) Increased by $69.06 Million

May 19, 2018 - By Winifred Garcia

Ameriprise Financial, Inc. (NYSE:AMP) LogoInvestors sentiment increased to 1.13 in 2017 Q4. Its up 0.16, from 0.97 in 2017Q3. It improved, as 29 investors sold AMP shares while 218 reduced holdings. 81 funds opened positions while 199 raised stakes. 115.74 million shares or 0.30% less from 116.09 million shares in 2017Q3 were reported. Hengehold Ltd Liability Company has 0.58% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 12,947 shares. Verition Fund Ltd Company invested 0.04% in Ameriprise Financial, Inc. (NYSE:AMP). Voya Investment Mngmt Ltd Liability Corporation accumulated 2.08M shares or 0.73% of the stock. Mutual Of America Mngmt Ltd Liability Company reported 0.14% stake. Proshare Ltd Company accumulated 49,261 shares. 495,730 were reported by Eagle Asset Mngmt Incorporated. Keybank Natl Association Oh holds 100,997 shares. Alyeska Investment Gru Limited Partnership accumulated 0.7% or 478,286 shares. Engineers Gate Manager Ltd Partnership holds 8,448 shares. Wesbanco Bank Incorporated reported 1,209 shares or 0.01% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.06% in Ameriprise Financial, Inc. (NYSE:AMP) or 41,138 shares. Ancora Advisors Ltd owns 0.06% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 7,129 shares. Burt Wealth reported 386 shares. 92,902 were reported by Public Sector Pension Invest Board. State Of New Jersey Common Pension Fund D reported 467,000 shares or 0.3% of all its holdings.

Since December 8, 2017, it had 2 insider buys, and 4 insider sales for $6.84 million activity. TRUSCOTT WILLIAM F sold $5.45M worth of stock or 31,379 shares. Berman Walter Stanley also bought $500,004 worth of Ameriprise Financial, Inc. (NYSE:AMP) on Wednesday, May 2. On Friday, January 26 McGraw Deirdre Davey sold $957,220 worth of Ameriprise Financial, Inc. (NYSE:AMP) or 5,500 shares. $1.24M worth of stock was sold by Sweeney Joseph Edward on Friday, December 8. 7,400 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $1.01 million were bought by CRACCHIOLO JAMES M.

Numeric Investors Llc increased its stake in Ameriprise Finl Inc (AMP) by 37% based on its latest 2017Q4 regulatory filing with the SEC. Numeric Investors Llc bought 408,662 shares as the company’s stock declined 14.11% with the market. The institutional investor held 1.51 million shares of the finance company at the end of 2017Q4, valued at $256.44M, up from 1.10M at the end of the previous reported quarter. Numeric Investors Llc who had been investing in Ameriprise Finl Inc for a number of months, seems to be bullish on the $20.39B market cap company. The stock decreased 0.31% or $0.44 during the last trading session, reaching $141.01. About 1.03M shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 17.58% since May 19, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Numeric Investors Llc, which manages about $14.26 billion and $13.74 billion US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLF) by 124,800 shares to 118,500 shares, valued at $3.31 million in 2017Q4, according to the filing. It also reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 336,200 shares in the quarter, leaving it with 2.73M shares, and cut its stake in Cigna Corporation (NYSE:CI).

More notable recent Ameriprise Financial, Inc. (NYSE:AMP) news were published by: Seekingalpha.com which released: “Ameriprise Financial’s (AMP) CEO Jim Cracchiolo on Q1 2018 Results – Earnings Call Transcript” on April 24, 2018, also Streetinsider.com with their article: “Australia’s banks face year of reckoning as inquiry shreds trust” published on May 16, 2018, Bizjournals.com published: “Ameriprise shareholders revolt over pay for top executives” on April 30, 2018. More interesting news about Ameriprise Financial, Inc. (NYSE:AMP) were released by: Streetinsider.com and their article: “More heads roll at Australia’s AMP as shareholders demand renewal” published on May 08, 2018 as well as Streetinsider.com‘s news article titled: “Australia’s Westpac hires complaints head amid damaging inquiry” with publication date: May 18, 2018.

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

Among 8 analysts covering Ameriprise Financial (NYSE:AMP), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Ameriprise Financial has $217 highest and $15000 lowest target. $171.57’s average target is 21.67% above currents $141.01 stock price. Ameriprise Financial had 17 analyst reports since December 15, 2017 according to SRatingsIntel. On Tuesday, April 24 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Overweight” rating by Morgan Stanley on Thursday, April 5. The firm has “Hold” rating given on Thursday, January 18 by Sandler O’Neill. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Hold” rating given on Thursday, January 25 by RBC Capital Markets. SunTrust maintained the stock with “Hold” rating in Thursday, January 25 report. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, April 11. Evercore downgraded the stock to “In-Line” rating in Friday, March 2 report. Keefe Bruyette & Woods maintained Ameriprise Financial, Inc. (NYSE:AMP) on Thursday, December 21 with “Buy” rating. The stock has “Hold” rating by Sandler O’Neill on Monday, February 12. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Hold” rating given on Friday, December 15 by RBC Capital Markets.

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

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