Quantbot Technologies LP Has Upped Its Adtran (ADTN) Position; Voya Investment Management Has Increased By $29.57 Million Its Ameriprise Finl (AMP) Holding

June 14, 2018 - By Adrian Erickson

Ameriprise Financial, Inc. (NYSE:AMP) Logo

Quantbot Technologies Lp increased Adtran Inc (ADTN) stake by 419.9% reported in 2018Q1 SEC filing. Quantbot Technologies Lp acquired 24,774 shares as Adtran Inc (ADTN)’s stock declined 4.75%. The Quantbot Technologies Lp holds 30,674 shares with $476,000 value, up from 5,900 last quarter. Adtran Inc now has $725.90M valuation. The stock increased 2.71% or $0.4 during the last trading session, reaching $15.15. About 213,697 shares traded. ADTRAN, Inc. (NASDAQ:ADTN) has declined 23.60% since June 14, 2017 and is downtrending. It has underperformed by 36.17% the S&P500. Some Historical ADTN News: ; 16/04/2018 – ADTRAN Launches Cloud-Managed Residential Wi-Fi Solution Powered by Enterprise-Class Technology; 20/03/2018 – ADTRAN INC ADTN.O – SECURED EPON BUSINESS FOR NORTH AMERICA FROM SUMITOMO ELECTRIC INDUSTRIES LTD; 16/05/2018 – DEEP ECO: Adtran May Benefit, Industry Production Best in 15 Mos; 03/04/2018 – CORRECTING and REPLACING ADTRAN, Inc. to Release First Quarter Earnings on April 17, 2018; 17/04/2018 – ADTRAN 1Q ADJ LOSS/SHR 29C, EST. LOSS/SHR 14C; 03/04/2018 – ADTRAN, Inc. to Release First Quarter Earnings on April 18, 2018; 04/05/2018 – Adtran Presenting at JPMorgan Conference May 16; 14/05/2018 – Telecom Paper: Bezeq Israel upgrades fixed network to 250 Mbps using Vplus from Nokia, Adtran; 15/05/2018 – Adtran Presenting at JPMorgan Conference Tomorrow; 20/03/2018 ADTRAN Increases Market Leadership in North American MSO Business by Entering Broad Based Agreement with Sumitomo Electric Industries

Voya Investment Management Llc increased Ameriprise Finl Inc (AMP) stake by 9.68% reported in 2018Q1 SEC filing. Voya Investment Management Llc acquired 201,134 shares as Ameriprise Finl Inc (AMP)’s stock declined 12.38%. The Voya Investment Management Llc holds 2.28M shares with $337.16 million value, up from 2.08M last quarter. Ameriprise Finl Inc now has $21.39B valuation. The stock increased 1.20% or $1.75 during the last trading session, reaching $147.91. About 522,528 shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 16.00% since June 14, 2017 and is uptrending. It has outperformed by 3.43% the S&P500. Some Historical AMP News: ; 30/04/2018 – “It’s going to be a rough, rocky ride for the next six months, twelve months, probably even longer for investors in AMP,” said Morningstar Analyst David Ellis; 14/03/2018 – Ameriprise Study: Investors Across Five Decades Feel Confident About Their Financial Journey, Despite Setbacks and Fears; 23/04/2018 – Ameriprise 1Q Rev $3.17B; 23/04/2018 – AMERIPRISE 1Q ADJ. OPER NET REV. $3.11B, EST. $3.08B; 24/04/2018 – Ameriprise Financial Earns Top Marks for Customer Service; 20/04/2018 – FBI: Financial Advisor Faces Federal Fraud and Money Laundering Charges Alleging Thefts from Ameriprise Clients and Other; 23/04/2018 – AMERIPRISE AUM $887B; 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…; 30/04/2018 – A wide reaching Royal Commission into Australia’s banking sector heard that advisors at AMP misappropriated funds of thousands of clients over the last decade by charging them without providing advice, and that it had repeatedly lied to the Australian Securities and Investments Commission; 23/04/2018 – AMERIPRISE FINL BOOSTS QTR DIV TO 90C/SHR FROM 83C, EST. 92C

Investors sentiment decreased to 0.92 in Q1 2018. Its down 0.21, from 1.13 in 2017Q4. It dropped, 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. Prudential Fincl Inc has invested 0.21% in Ameriprise Financial, Inc. (NYSE:AMP). Robeco Institutional Asset Mgmt Bv holds 0.12% or 172,783 shares in its portfolio. Atlantic Trust Group Llc owns 141,279 shares. Guardian Life Insurance Of America owns 340 shares or 0.01% of their US portfolio. Whittier Trust Co holds 0% or 741 shares in its portfolio. Hl Serv Ltd Liability Company, a Kentucky-based fund reported 4,778 shares. Rafferty Asset Ltd Liability Co reported 0.08% stake. Bartlett And Ltd Com reported 0% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Ls Inv Advsrs Ltd Liability holds 0.04% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 4,249 shares. Paradigm Asset Mngmt Communications Limited Liability Company accumulated 0% or 7,560 shares. Plante Moran Advsr Lc holds 462 shares or 0.04% of its portfolio. First Republic Inv Incorporated has 0.1% invested in Ameriprise Financial, Inc. (NYSE:AMP). Bancorp Of Montreal Can accumulated 796,176 shares. Jpmorgan Chase & Communications has 0.13% invested in Ameriprise Financial, Inc. (NYSE:AMP). Nomura Inc stated it has 24,938 shares or 0% of all its holdings.

Since January 26, 2018, it had 2 insider buys, and 3 insider sales for $5.60 million activity. Shares for $699,256 were sold by Kupper Randy. Shares for $1.01 million were bought by CRACCHIOLO JAMES M on Thursday, May 10. McGraw Deirdre Davey also sold $957,220 worth of Ameriprise Financial, Inc. (NYSE:AMP) on Friday, January 26. Another trade for 31,379 shares valued at $5.45M was sold by TRUSCOTT WILLIAM F. Berman Walter Stanley bought $500,004 worth of stock or 3,728 shares.

Among 15 analysts covering Ameriprise Financial (NYSE:AMP), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 33% are positive. Ameriprise Financial had 54 analyst reports since September 7, 2015 according to SRatingsIntel. 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 stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Sector Perform” rating given on Friday, June 30 by RBC Capital Markets. The rating was downgraded by Deutsche Bank to “Hold” on Friday, October 14. The company was downgraded on Monday, December 19 by Suntrust Robinson. The rating was maintained by Sandler O’Neill on Monday, February 12 with “Hold”. The company was maintained on Friday, August 11 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, October 25. On Monday, January 9 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Neutral” rating given on Friday, October 7 by Credit Suisse. The rating was maintained by Morgan Stanley on Thursday, January 25 with “Overweight”.

Another recent and important Ameriprise Financial, Inc. (NYSE:AMP) news was published by Bizjournals.com which published an article titled: “Ameriprise asset management unit builds new European team” on June 12, 2018.

Voya Investment Management Llc decreased Lockheed Martin Corp (NYSE:LMT) stake by 6,112 shares to 144,033 valued at $48.67 million in 2018Q1. It also reduced Ciena Corp (NYSE:CIEN) stake by 373,074 shares and now owns 61,806 shares. Enpro Inds Inc (NYSE:NPO) was reduced too.

Among 11 analysts covering Adtran Inc. (NASDAQ:ADTN), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Adtran Inc. had 37 analyst reports since September 9, 2015 according to SRatingsIntel. Drexel Hamilton upgraded the shares of ADTN in report on Monday, January 18 to “Buy” rating. The stock has “Hold” rating by Jefferies on Thursday, April 19. Drexel Hamilton initiated the shares of ADTN in report on Wednesday, September 9 with “Hold” rating. The rating was downgraded by Argus Research on Thursday, April 19 to “Hold”. Northland Capital maintained it with “Buy” rating and $23.0 target in Thursday, January 18 report. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Neutral” rating by M Partners on Thursday, October 15. The firm has “Buy” rating by Northland Capital given on Monday, July 3. The company was maintained on Thursday, April 19 by Cowen & Co. The company was upgraded on Thursday, January 7 by M Partners. Needham maintained it with “Buy” rating and $22.0 target in Friday, January 12 report.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Chart

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