American Assets Investment Management Has Decreased Ameriprise Finl (AMP) Position as Market Valuation Declined; Professional Advisory Services Has Trimmed Its Novartis Ag (NVS) Stake by $338,300

February 24, 2018 - By Peter Mason

Professional Advisory Services Inc decreased its stake in Novartis Ag (NVS) by 1.78% based on its latest 2017Q3 regulatory filing with the SEC. Professional Advisory Services Inc sold 3,980 shares as the company’s stock rose 4.17% with the market. The institutional investor held 219,758 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $18.87 million, down from 223,738 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Novartis Ag for a number of months, seems to be less bullish one the $199.20 billion market cap company. The stock increased 0.15% or $0.13 during the last trading session, reaching $85.33. About 1.13 million shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since February 24, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

American Assets Investment Management Llc decreased its stake in Ameriprise Finl Inc (AMP) by 19.31% based on its latest 2017Q3 regulatory filing with the SEC. American Assets Investment Management Llc sold 4,950 shares as the company’s stock declined 2.45% while stock markets rallied. The institutional investor held 20,690 shares of the finance company at the end of 2017Q3, valued at $3.07M, down from 25,640 at the end of the previous reported quarter. American Assets Investment Management Llc who had been investing in Ameriprise Finl Inc for a number of months, seems to be less bullish one the $23.71B market cap company. The stock increased 1.44% or $2.27 during the last trading session, reaching $160.28. About 770,974 shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since February 24, 2017 and is uptrending. It has outperformed by 13.55% the S&P500.

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on April, 23. They expect $3.52 EPS, up 30.37% or $0.82 from last year’s $2.7 per share. AMP’s profit will be $520.71 million for 11.38 P/E if the $3.52 EPS becomes a reality. After $3.26 actual EPS reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts 7.98% EPS growth.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.15, from 1.12 in 2017Q2. It turned negative, as 35 investors sold AMP shares while 228 reduced holdings. 76 funds opened positions while 178 raised stakes. 116.09 million shares or 1.34% more from 114.55 million shares in 2017Q2 were reported. Neuberger Berman Lc, a New York-based fund reported 9,310 shares. The Colorado-based Icon Advisers Communications has invested 0.06% in Ameriprise Financial, Inc. (NYSE:AMP). Jacobs Levy Equity Mgmt Incorporated reported 68,318 shares stake. Dubuque Savings Bank And has 1,084 shares. California Employees Retirement holds 0.1% or 434,071 shares in its portfolio. Covington Capital Management reported 566 shares. Pensionfund Dsm Netherlands invested in 0.53% or 24,000 shares. Ajo Limited Partnership reported 0.63% in Ameriprise Financial, Inc. (NYSE:AMP). Moreover, Blair William & Il has 0.03% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 22,785 shares. X Management Ltd Llc invested in 2,003 shares. Martingale Asset Mngmt Limited Partnership holds 0.01% in Ameriprise Financial, Inc. (NYSE:AMP) or 4,639 shares. Private Ocean Limited Liability Company stated it has 100 shares. 108,500 are held by Bank & Trust Of Nova Scotia. 20,000 were reported by Bp Public Ltd Liability. Aperio Grp Llc invested in 126,472 shares or 0.11% of the stock.

Among 14 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Ameriprise Financial had 45 analyst reports since September 7, 2015 according to SRatingsIntel. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Hold” rating given on Thursday, October 26 by SunTrust. Keefe Bruyette & Woods maintained it with “Buy” rating and $15500 target in Thursday, July 27 report. Zacks upgraded Ameriprise Financial, Inc. (NYSE:AMP) on Monday, September 7 to “Hold” rating. The stock has “Equal-Weight” rating by Barclays Capital on Friday, January 29. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Outperform” rating given on Monday, January 9 by Credit Suisse. The firm earned “Hold” rating on Friday, December 15 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, January 26 by Citigroup. RBC Capital Markets maintained Ameriprise Financial, Inc. (NYSE:AMP) on Thursday, October 22 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, April 28. RBC Capital Markets maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Wednesday, October 18. RBC Capital Markets has “Hold” rating and $149.0 target.

Since October 26, 2017, it had 0 insider purchases, and 9 insider sales for $10.94 million activity. On Friday, January 26 TRUSCOTT WILLIAM F sold $5.45M worth of Ameriprise Financial, Inc. (NYSE:AMP) or 31,379 shares. Maglaque Charles Neal sold $282,412 worth of Ameriprise Financial, Inc. (NYSE:AMP) on Friday, October 27. MOORE COLIN also sold $690,271 worth of Ameriprise Financial, Inc. (NYSE:AMP) shares. McGraw Deirdre Davey sold $957,220 worth of stock or 5,500 shares. Woerner John Robert sold $1.45 million worth of stock. $396,205 worth of Ameriprise Financial, Inc. (NYSE:AMP) shares were sold by Kupper Randy.

American Assets Investment Management Llc, which manages about $1.54B and $500.69 million US Long portfolio, upped its stake in Noble Energy Inc (NYSE:NBL) by 30,000 shares to 50,000 shares, valued at $1.42 million in 2017Q3, according to the filing. It also increased its holding in Kroger Co (NYSE:KR) by 86,800 shares in the quarter, for a total of 204,800 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Analysts await Novartis AG (NYSE:NVS) to report earnings on April, 24. They expect $1.32 earnings per share, up 16.81% or $0.19 from last year’s $1.13 per share. NVS’s profit will be $3.08 billion for 16.16 P/E if the $1.32 EPS becomes a reality. After $1.20 actual earnings per share reported by Novartis AG for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 36 analyst reports since July 28, 2015 according to SRatingsIntel. Barclays Capital upgraded the shares of NVS in report on Friday, June 23 to “Hold” rating. Cowen & Co maintained it with “Hold” rating and $9000 target in Wednesday, August 9 report. JP Morgan maintained Novartis AG (NYSE:NVS) on Wednesday, April 19 with “Neutral” rating. The firm has “Hold” rating given on Monday, September 11 by Cowen & Co. Cowen & Co maintained the stock with “Hold” rating in Tuesday, July 18 report. As per Monday, October 23, the company rating was maintained by Leerink Swann. Cowen & Co maintained Novartis AG (NYSE:NVS) rating on Friday, February 2. Cowen & Co has “Hold” rating and $98.0 target. The firm has “Neutral” rating given on Thursday, March 23 by Goldman Sachs. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, January 3 report. On Wednesday, December 6 the stock rating was downgraded by Bank of America to “Sell”.

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By1 Peter Mason

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