GameStop Corp. (GME) Touches $17.76 Formed H&S; Patten Group Decreased By $1.74 Million Its Ameriprise Financial (AMP) Stake

January 13, 2018 - By John Hoffman

Patten Group Inc decreased Ameriprise Financial Inc (AMP) stake by 97.42% reported in 2017Q3 SEC filing. Patten Group Inc sold 302 shares as Ameriprise Financial Inc (AMP)’s stock declined 2.45%. The Patten Group Inc holds 8 shares with $46,000 value, down from 310 last quarter. Ameriprise Financial Inc now has $26.93B valuation. The stock increased 1.71% or $3.06 during the last trading session, reaching $182.04. About 1.15M shares traded or 41.10% up from the average. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since January 13, 2017 and is uptrending. It has outperformed by 13.55% the S&P500.

GameStop Corp. (GME) formed inverse H&S with $19.18 target or 8.00% above today’s $17.76 share price. GameStop Corp. (GME) has $1.80 billion valuation. The stock decreased 11.02% or $2.2 during the last trading session, reaching $17.76. About 15.45 million shares traded or 319.84% up from the average. GameStop Corp. (NYSE:GME) has declined 15.17% since January 13, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Among 20 analysts covering GameStop Corp. (NYSE:GME), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. GameStop Corp. has $60 highest and $15 lowest target. $30.78’s average target is 73.31% above currents $17.76 stock price. GameStop Corp. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of GameStop Corp. (NYSE:GME) earned “Hold” rating by Benchmark on Friday, August 28. The rating was downgraded by Macquarie Research to “Neutral” on Friday, January 13. Credit Suisse maintained it with “Neutral” rating and $30 target in Monday, March 28 report. The firm earned “Hold” rating on Tuesday, June 20 by Oppenheimer. As per Monday, March 13, the company rating was downgraded by Telsey Advisory Group. Robert W. Baird maintained the stock with “Buy” rating in Friday, May 26 report. The stock of GameStop Corp. (NYSE:GME) earned “Buy” rating by Bank of America on Monday, July 11. Loop Capital initiated GameStop Corp. (NYSE:GME) rating on Wednesday, December 7. Loop Capital has “Buy” rating and $32 target. The stock has “Outperform” rating by Macquarie Research on Friday, July 1. The rating was maintained by Telsey Advisory Group on Friday, August 28 with “Market Perform”.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.11, from 1.18 in 2017Q2. It fall, as 37 investors sold GameStop Corp. shares while 83 reduced holdings. 35 funds opened positions while 93 raised stakes. 100.21 million shares or 1.31% less from 101.54 million shares in 2017Q2 were reported. Northern Trust holds 893,651 shares. Parkside Bancorporation invested in 0% or 46 shares. Advantus Mgmt has 12,784 shares. State Of Wisconsin Board, Wisconsin-based fund reported 20,247 shares. Ellington Mgmt Limited Liability has 0.36% invested in GameStop Corp. (NYSE:GME). Envestnet Asset Inc reported 0% stake. Cubic Asset Management Ltd owns 39,465 shares for 0.23% of their portfolio. Weaver C Barksdale has invested 0.05% in GameStop Corp. (NYSE:GME). Arizona State Retirement invested in 57,437 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 3,339 shares for 0% of their portfolio. Citadel Advsrs Ltd Limited Liability Company reported 0.02% stake. Utd Services Automobile Association holds 0% of its portfolio in GameStop Corp. (NYSE:GME) for 18,720 shares. Ameriprise Fincl Incorporated invested 0% of its portfolio in GameStop Corp. (NYSE:GME). Sg Americas Securities Lc has 11,149 shares. Prudential Pcl owns 375,053 shares.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 earnings per share, down 15.55% or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.60 million for 2.21 P/E if the $2.01 EPS becomes a reality. After $0.54 actual earnings per share reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22% EPS growth.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.15, from 1.12 in 2017Q2. It dropped, 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. Cetera Advisors Limited holds 0.02% or 2,493 shares. Charter Tru holds 0.03% or 1,495 shares. Cullen Frost Bankers stated it has 11,156 shares or 0.05% of all its holdings. First Advsr Ltd Partnership owns 95,688 shares for 0.04% of their portfolio. Peoples Services Corp has invested 0.24% in Ameriprise Financial, Inc. (NYSE:AMP). Bnp Paribas Asset Mgmt Hldgs Sa accumulated 0.11% or 90,513 shares. Bbva Compass Natl Bank reported 4,676 shares or 0.05% of all its holdings. Deutsche Bancorp Ag has invested 0.18% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Mitsubishi Ufj Secs has 0.05% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 70 shares. Cibc Asset Incorporated, a Ontario – Canada-based fund reported 14,835 shares. Moreover, Ibm Retirement Fund has 0.11% invested in Ameriprise Financial, Inc. (NYSE:AMP). 4,160 are owned by Stratos Wealth Limited. Teacher Retirement Sys Of Texas stated it has 0.05% in Ameriprise Financial, Inc. (NYSE:AMP). Sit Associates has 0.07% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 18,495 shares. Cambridge Invest Advsr Incorporated owns 2,764 shares for 0.01% of their portfolio.

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on January, 24 after the close. They expect $3.12 EPS, up 14.29% or $0.39 from last year’s $2.73 per share. AMP’s profit will be $461.54M for 14.59 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.

Among 13 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Ameriprise Financial had 39 analyst reports since September 7, 2015 according to SRatingsIntel. Wells Fargo downgraded the stock to “Market Perform” rating in Wednesday, January 13 report. The stock of Ameriprise Financial, Inc. (NYSE:AMP) earned “Buy” rating by Citigroup on Thursday, January 26. SunTrust downgraded it to “Hold” rating and $120 target in Monday, December 19 report. On Friday, December 15 the stock rating was maintained by RBC Capital Markets with “Hold”. Keefe Bruyette & Woods maintained the shares of AMP in report on Thursday, December 21 with “Buy” rating. The firm earned “Buy” rating on Thursday, July 27 by Keefe Bruyette & Woods. As per Monday, September 7, the company rating was upgraded by Zacks. As per Thursday, October 5, the company rating was maintained by Morgan Stanley. Barclays Capital maintained the shares of AMP in report on Friday, August 11 with “Equal-Weight” rating. Morgan Stanley maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Wednesday, July 26. Morgan Stanley has “Overweight” rating and $152 target.

Since July 31, 2017, it had 0 insider purchases, and 15 selling transactions for $35.61 million activity. Maglaque Charles Neal sold $282,412 worth of stock. 1,904 Ameriprise Financial, Inc. (NYSE:AMP) shares with value of $307,648 were sold by Sweeney Joseph Edward. THISSEN KAREN WILSON had sold 425 shares worth $61,690 on Thursday, August 10. CRACCHIOLO JAMES M sold 97,545 shares worth $14.11 million. $690,271 worth of stock was sold by MOORE COLIN on Thursday, October 26. TRUSCOTT WILLIAM F sold 19,768 shares worth $2.86 million. McGraw Deirdre Davey also sold $174,072 worth of Ameriprise Financial, Inc. (NYSE:AMP) on Thursday, August 10.

Patten Group Inc increased Marriott International Inc (NASDAQ:MAR) stake by 162,111 shares to 175,005 valued at $1.39 million in 2017Q3. It also upped Berkshire Hathaway Inc B (BRKB) stake by 2,436 shares and now owns 14,790 shares. Pimco Intermediate Municipal Bd Actv Etf (MUNI) was raised too.