Smith Asset Management Group LP Has Cut Ameriprise Financial (AMP) Holding; Moleculin Biotech (MBRX) Shorts Down By 11.1%

November 15, 2017 - By Louis Casey

Smith Asset Management Group Lp decreased Ameriprise Financial Inc (AMP) stake by 11.85% reported in 2017Q2 SEC filing. Smith Asset Management Group Lp sold 16,710 shares as Ameriprise Financial Inc (AMP)’s stock declined 2.45%. The Smith Asset Management Group Lp holds 124,250 shares with $15.82M value, down from 140,960 last quarter. Ameriprise Financial Inc now has $23.24 billion valuation. It closed at $157.11 lastly. It is down 30.25% since November 15, 2016 and is uptrending. It has outperformed by 13.55% the S&P500.

Moleculin Biotech Incorporated (NASDAQ:MBRX) had a decrease of 11.1% in short interest. MBRX’s SI was 1.32M shares in November as released by FINRA. Its down 11.1% from 1.49 million shares previously. With 406,300 avg volume, 3 days are for Moleculin Biotech Incorporated (NASDAQ:MBRX)’s short sellers to cover MBRX’s short positions. The SI to Moleculin Biotech Incorporated’s float is 15.59%. It closed at $1.61 lastly. It is down 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Moleculin Biotech, Inc. is a preclinical-stage pharmaceutical company. The company has market cap of $34.10 million. The Firm is focused on the development of anti-cancer drug candidates. It currently has negative earnings. The Company’s lead drug candidate is liposomal Annamycin, which it refers to as Annamycin, an anthracycline intended for the treatment of relapsed or refractory acute myeloid leukemia .

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on February, 7. They expect $3.12 EPS, up 14.29% or $0.39 from last year’s $2.73 per share. AMP’s profit will be $461.52 million for 12.59 P/E if the $3.12 EPS becomes a reality. After $3.53 actual EPS reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts -11.61% negative EPS growth.

Smith Asset Management Group Lp increased Bank Of New York Mellon Corp (NYSE:BK) stake by 26,335 shares to 531,582 valued at $24.83M in 2017Q2. It also upped Discover Financial Svcs (NYSE:DFS) stake by 20,317 shares and now owns 321,833 shares. Bp Plc (NYSE:BP) was raised too.

Among 13 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Ameriprise Financial had 37 analyst reports since September 7, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Thursday, October 22 by Barclays Capital. The rating was initiated by Credit Suisse with “Neutral” on Friday, October 7. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Equal-Weight” rating by Barclays Capital on Friday, January 29. As per Friday, October 14, the company rating was downgraded by Deutsche Bank. The firm has “Hold” rating given on Monday, December 19 by Suntrust Robinson. The company was maintained on Wednesday, July 26 by Morgan Stanley. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Hold” rating by SunTrust on Monday, December 19. Keefe Bruyette & Woods maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Thursday, July 27. Keefe Bruyette & Woods has “Buy” rating and $15500 target. RBC Capital Markets maintained Ameriprise Financial, Inc. (NYSE:AMP) on Wednesday, July 26 with “Hold” rating. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Buy” rating by SunTrust on Wednesday, March 23.

Investors sentiment increased to 1.12 in 2017 Q2. 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. Blair William And Il invested in 0.02% or 22,517 shares. Putnam Invs Ltd Liability Com holds 0.08% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 278,780 shares. Commonwealth Equity Service has invested 0.01% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). 37,467 were accumulated by Fjarde Ap. Aqr Management Ltd Liability Corp has invested 0.12% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Etrade Management Ltd Llc reported 2,239 shares. Montecito Commercial Bank And Trust holds 0.09% or 2,044 shares. The Illinois-based Savant Ltd Liability has invested 0.09% in Ameriprise Financial, Inc. (NYSE:AMP). Tompkins Financial Corporation has invested 0.08% in Ameriprise Financial, Inc. (NYSE:AMP). State Bank Of Nova Scotia stated it has 0.08% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Trust Department Mb National Bank N A accumulated 81 shares or 0% of the stock. Bokf Na has invested 0.14% in Ameriprise Financial, Inc. (NYSE:AMP). Lombard Odier Asset (Europe) invested in 0.02% or 2,290 shares. Tocqueville Asset Mngmt Limited Partnership stated it has 0% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Citigroup reported 140,203 shares stake.

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