Ameriprise Finl (AMP) Shareholder Clearbridge Decreased Stake as Market Value Declined; Wright Investors Service Holding in Altria Group (MO) Decreased by $687,460

October 12, 2017 - By Dolores Ford

Wright Investors Service Inc decreased its stake in Altria Group Inc (MO) by 25.27% based on its latest 2017Q2 regulatory filing with the SEC. Wright Investors Service Inc sold 9,290 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 27,468 shares of the farming and seeds and milling company at the end of 2017Q2, valued at $2.05M, down from 36,758 at the end of the previous reported quarter. Wright Investors Service Inc who had been investing in Altria Group Inc for a number of months, seems to be less bullish one the $124.30B market cap company. The stock rose 0.29% or $0.19 reaching $65.06. About 2.36 million shares traded. Altria Group Inc (NYSE:MO) has risen 11.92% since October 12, 2016 and is uptrending. It has underperformed by 4.78% the S&P500.

Clearbridge Llc decreased its stake in Ameriprise Finl Inc (AMP) by 37.27% based on its latest 2017Q2 regulatory filing with the SEC. Clearbridge Llc sold 253,696 shares as the company’s stock declined 2.45% while stock markets rallied. The institutional investor held 427,074 shares of the finance company at the end of 2017Q2, valued at $54.36M, down from 680,770 at the end of the previous reported quarter. Clearbridge Llc who had been investing in Ameriprise Finl Inc for a number of months, seems to be less bullish one the $22.99 billion market cap company. The stock rose 0.30% or $0.45 reaching $152.28. About 176,286 shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since October 12, 2016 and is uptrending. It has outperformed by 13.55% the S&P500.

Clearbridge Llc, which manages about $5.40 billion and $4.71 billion US Long portfolio, upped its stake in Continental Bldg Prods Inc (NYSE:CBPX) by 53,011 shares to 508,870 shares, valued at $11.86M in 2017Q2, according to the filing. It also increased its holding in Keryx Biopharmaceuticals Inc (NASDAQ:KERX) by 168,404 shares in the quarter, for a total of 1.47 million shares, and has risen its stake in Sap Se (NYSE:SAP).

Among 13 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Ameriprise Financial had 33 analyst reports since September 7, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Wednesday, January 13 by Wells Fargo. On Wednesday, July 26 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm earned “Outperform” rating on Monday, January 11 by Credit Suisse. The firm earned “Equal-Weight” rating on Friday, January 29 by Barclays Capital. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. The company was maintained on Thursday, October 22 by Barclays Capital. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, October 5 report. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, June 30. Zacks upgraded the stock to “Hold” rating in Monday, September 7 report. The company was maintained on Wednesday, April 6 by Citigroup.

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on October, 24. They expect $2.79 EPS, up 21.83% or $0.50 from last year’s $2.29 per share. AMP’s profit will be $421.21M for 13.65 P/E if the $2.79 EPS becomes a reality. After $2.80 actual EPS reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts -0.36% negative EPS growth.

Since May 8, 2017, it had 0 buys, and 1 insider sale for $121,458 activity.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.25, from 0.87 in 2017Q1. It increased, as 39 investors sold AMP shares while 202 reduced holdings. 77 funds opened positions while 192 raised stakes. 114.55 million shares or 3.72% less from 118.98 million shares in 2017Q1 were reported. Tiedemann Wealth Mngmt Ltd Liability Com invested in 0.03% or 3,110 shares. Alps Advisors holds 2,816 shares. Highland Mngmt Ltd Liability Corporation holds 0.48% or 47,262 shares in its portfolio. Louisiana State Employees Retirement System reported 0.06% in Ameriprise Financial, Inc. (NYSE:AMP). Fdx Advsrs has invested 0.03% in Ameriprise Financial, Inc. (NYSE:AMP). Cranbrook Wealth Management Ltd Llc invested in 160 shares or 0.01% of the stock. Nomura reported 0.01% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). First Citizens Fincl Bank Trust holds 18,115 shares. Pictet Asset Management owns 0.06% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 150,638 shares. 19,149 were accumulated by Norinchukin Bankshares The. Goldman Sachs Gp accumulated 1.76 million shares. American Century Cos, Missouri-based fund reported 1.91 million shares. State Of Alaska Department Of Revenue accumulated 1,824 shares. The Ohio-based Dean Associates Ltd Company has invested 0.13% in Ameriprise Financial, Inc. (NYSE:AMP). Asset Mngmt One Limited invested 0.08% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP).

Analysts await Altria Group Inc (NYSE:MO) to report earnings on October, 26. They expect $0.88 earnings per share, up 7.32% or $0.06 from last year’s $0.82 per share. MO’s profit will be $1.68B for 18.48 P/E if the $0.88 EPS becomes a reality. After $0.85 actual earnings per share reported by Altria Group Inc for the previous quarter, Wall Street now forecasts 3.53% EPS growth.

Wright Investors Service Inc, which manages about $1.36 billion and $264.63M US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 9,110 shares to 22,280 shares, valued at $2.57M in 2017Q2, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 4,935 shares in the quarter, for a total of 36,146 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Among 18 analysts covering Altria Group Inc. (NYSE:MO), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Altria Group Inc. had 43 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Wednesday, January 4. The stock of Altria Group Inc (NYSE:MO) has “Neutral” rating given on Friday, February 26 by UBS. The rating was maintained by Wells Fargo on Friday, August 11 with “Buy”. RBC Capital Markets upgraded the shares of MO in report on Monday, July 31 to “Sector Perform” rating. CLSA maintained the shares of MO in report on Thursday, September 15 with “Outperform” rating. Morgan Stanley reinitiated the shares of MO in report on Tuesday, November 29 with “Equal-Weight” rating. As per Thursday, March 23, the company rating was downgraded by RBC Capital Markets. As per Monday, July 31, the company rating was maintained by Wells Fargo. The company was downgraded on Friday, October 30 by Cowen & Co. The rating was maintained by RBC Capital Markets on Friday, May 26 with “Sell”.

More notable recent Altria Group Inc (NYSE:MO) news were published by: Seekingalpha.com which released: “A Major Catalyst For Altria” on September 26, 2017, also Seekingalpha.com with their article: “Retirement Tactics: Even MOre Income” published on October 04, 2017, Seekingalpha.com published: “Is Altria A Cigar Butt?” on September 24, 2017. More interesting news about Altria Group Inc (NYSE:MO) were released by: Seekingalpha.com and their article: “Is Altria Oversold?” published on September 14, 2017 as well as Nasdaq.com‘s news article titled: “Commit To Purchase Altria Group At $40, Earn 1.8% Using Options” with publication date: October 04, 2017.

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