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Rhumbline Advisers Sells 4,320 Shares of Ameriprise Financial, Inc. $AMP
Rhumbline Advisers reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 2.0% in the third quarter, selling 4,320 shares and retaining 208,222 shares valued at approximately $102.29 million. Ameriprise Financial recently reported strong quarterly results, beating analyst expectations for EPS and revenue, declared a quarterly dividend of $1.60 per share, and institutional ownership remains high. Despite significant institutional buying, insider selling, including a substantial sale by the CFO, has been noted.