Signaturefd LLC increased its holdings in Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,126 shares of the financial services provider’s stock after buying an additional 127 shares during the period. Signaturefd LLC’s holdings in Ameriprise Financial were worth $662,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC raised its stake in Ameriprise Financial by 18,558.2% in the 4th quarter. International Assets Investment Management LLC now owns 103,180 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 102,627 shares during the last quarter. Arcus Capital Partners LLC acquired a new position in Ameriprise Financial in the 4th quarter valued at about $62,000. State of Michigan Retirement System raised its stake in Ameriprise Financial by 5.8% in the 4th quarter. State of Michigan Retirement System now owns 38,278 shares of the financial services provider’s stock valued at $11,919,000 after purchasing an additional 2,100 shares during the last quarter. BDO Wealth Advisors LLC raised its stake in Ameriprise Financial by 1.1% in the 4th quarter. BDO Wealth Advisors LLC now owns 10,073 shares of the financial services provider’s stock valued at $3,136,000 after purchasing an additional 110 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Ameriprise Financial by 13.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,787 shares of the financial services provider’s stock valued at $6,784,000 after purchasing an additional 2,498 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on AMP shares. Morgan Stanley boosted their target price on shares of Ameriprise Financial from $340.00 to $345.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 10th. UBS Group boosted their target price on shares of Ameriprise Financial from $355.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, January 9th. StockNews.com assumed coverage on shares of Ameriprise Financial in a research note on Thursday, March 16th. They set a “hold” rating for the company. Argus upped their price objective on shares of Ameriprise Financial from $340.00 to $392.00 in a research note on Tuesday, January 31st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Ameriprise Financial from $350.00 to $375.00 and gave the company a “market perform” rating in a research note on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $346.90.
Ameriprise Financial Stock Down 0.3 %
Ameriprise Financial (NYSE:AMP – Get Rating) last posted its earnings results on Thursday, January 26th. The financial services provider reported $6.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.59. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.46 billion. Ameriprise Financial had a net margin of 17.91% and a return on equity of 70.64%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.15 EPS. Sell-side analysts expect that Ameriprise Financial, Inc. will post 30.62 earnings per share for the current year.
Ameriprise Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 10th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 9th. Ameriprise Financial’s dividend payout ratio is presently 22.27%.
Insiders Place Their Bets
In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 6,390 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $350.35, for a total value of $2,238,736.50. Following the completion of the transaction, the insider now owns 10,955 shares in the company, valued at approximately $3,838,084.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Joseph Edward Sweeney sold 6,390 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $350.35, for a total transaction of $2,238,736.50. Following the completion of the transaction, the insider now directly owns 10,955 shares in the company, valued at approximately $3,838,084.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Heather J. Melloh sold 769 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $352.87, for a total value of $271,357.03. Following the transaction, the executive vice president now owns 3,033 shares of the company’s stock, valued at $1,070,254.71. The disclosure for this sale can be found here. Insiders sold a total of 75,328 shares of company stock worth $26,478,645 in the last 90 days. 0.73% of the stock is owned by company insiders.
About Ameriprise Financial
Ameriprise Financial, Inc operates as a holding company. The firm provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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