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Allstate Corp Makes New Investment in Ameriprise Financial, Inc. (NYSE:AMP) – Tech Know Bits

State of Tennessee Treasury Department now owns 36,114 shares of the financial services provider’s stock valued at $3,769,000 after acquiring an additional 4,445 shares in the last quarter. Ameriprise Financial raised shares of Ameriprise Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $202.00 in a research report on Monday, May 13th. Following the sale, the executive vice president now directly owns 23,656 shares of the company’s stock, valued at $3,557,389.28. The financial services provider reported $3.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.61 by $0.14.

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