Short Interest Buzzer: What’s Propelling Ameriprise Financial Incorporated (NYSE:AMP) After Higher Shorts Reported?

November 24, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Buzzer: What’s Propelling Ameriprise Financial Incorporated (NYSE:AMP) After Higher Shorts Reported?

The stock of Ameriprise Financial Incorporated (NYSE:AMP) registered an increase of 1.18% in short interest. AMP’s total short interest was 1.92 million shares in November as published by FINRA. Its up 1.18% from 1.89 million shares, reported previously. With 1.27M shares average volume, it will take short sellers 2 days to cover their AMP’s short positions. The stock decreased 0.09% or $0.1 on November 23, hitting $113.69. About 831,188 shares traded hands. Ameriprise Financial, Inc. (NYSE:AMP) has risen 13.78% since April 22, 2016 and is uptrending. It has outperformed by 8.37% the S&P500.

Ameriprise Financial, Inc. is a diversified financial services firm that offers financial solutions to individual and institutional clients. The company has a market cap of $17.90 billion. The Firm operates in five divisions: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. It has a 15.47 P/E ratio. The Advice & Wealth Management segment provides financial planning and advice, as well as brokerage services, primarily to retail clients through advisors.

Insitutional Activity: The institutional sentiment decreased to 0.75 in 2016 Q2. Its down 0.19, from 0.94 in 2016Q1. The ratio dropped, as 50 funds sold all Ameriprise Financial, Inc. shares owned while 208 reduced positions. 61 funds bought stakes while 181 increased positions. They now own 124.67 million shares or 7.74% less from 135.13 million shares in 2016Q1.
Calamos Ltd Company holds 0.02% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 32,825 shares. Robeco Institutional Asset Mgmt Bv holds 0.02% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 24,829 shares. Appleton Prns Ma holds 7,095 shares or 0.13% of its portfolio. Dupont Management Corp has 22,785 shares for 0.05% of their US portfolio. Capstone Asset Management Com holds 15,733 shares or 0.04% of its portfolio. Gulf Interest Comml Bank (Uk) Limited, a United Kingdom-based fund reported 50,980 shares. Parkwood Llc last reported 19,384 shares in the company. New York Life Communications holds 0.05% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 109 shares. Moreover, Dai Ichi Life Insurance Limited has 0.06% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 23,155 shares. Ing Groep Nv accumulated 6,391 shares or 0.01% of the stock. Loudon Mgmt Ltd Com has 26,114 shares for 1.87% of their US portfolio. Euclid Advsrs Limited Liability Corporation reported 1,150 shares or 0% of all its holdings. Bessemer accumulated 0% or 1,840 shares. Quantitative Systematic Strategies Ltd Liability Company last reported 11,089 shares in the company. Moreover, Thompson Siegel And Walmsley Limited Liability Corporation has 0.02% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 10,801 shares.

Insider Transactions: Since June 29, 2016, the stock had 1 insider purchase, and 4 selling transactions for $1.55 million net activity. 4,683 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $469,681 were sold by Junek John Carl. GREENBERG LON R bought $343,906 worth of Ameriprise Financial, Inc. (NYSE:AMP) on Wednesday, June 29. 5,686 shares with value of $551,052 were sold by Kupper Randy on Tuesday, August 9. On Wednesday, September 7 the insider Woerner John Robert sold $454,518.

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

Out of 9 analysts covering Ameriprise Financial (NYSE:AMP), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Ameriprise Financial has been the topic of 18 analyst reports since September 7, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Thursday, April 28 with “Outperform”. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Hold” rating by Deutsche Bank on Friday, October 14. The company was maintained on Thursday, October 22 by Barclays Capital. The firm has “Outperform” rating by Credit Suisse given on Monday, January 11. Credit Suisse initiated Ameriprise Financial, Inc. (NYSE:AMP) on Friday, October 7 with “Neutral” rating. The stock has “Neutral” rating given by Citigroup on Wednesday, April 6. The rating was downgraded by Wells Fargo to “Market Perform” on Wednesday, January 13. The rating was initiated by SunTrust on Wednesday, March 23 with “Buy”. Barclays Capital maintained it with “Equal-Weight” rating and $99 target price in Friday, January 29 report. The company was upgraded on Monday, September 7 by Zacks.

AMP Company Profile

Ameriprise Financial, Inc., incorporated on October 29, 1983, is a diversified financial services firm that offers financial solutions to individual and institutional clients. The Firm operates in five divisions: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Firm uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail services and products. The retail services and products that use the Ameriprise Financial brand include those that the Company provides through its advisors (financial planning investment advisory accounts and retail brokerage services) and services and products that the Company markets directly to clients or through affinity groups (personal auto and home insurance). The Firm uses its RiverSource brand for its annuity and protection products issued by the RiverSource Life companies, including its life and disability income insurance products. The Company’s brand, Columbia Threadneedle Investments, has asset management capabilities.

Another recent and important Ameriprise Financial, Inc. (NYSE:AMP) news was published by Forbes.com which published an article titled: “Ameriprise Financial Becomes Oversold” on October 26, 2016.

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