Arrowstreet Capital Limited Partnership boosted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 27.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 619,585 shares of the financial services provider’s stock after acquiring an additional 134,310 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.42% of Ameriprise Financial worth $105,001,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Financial Co boosted its holdings in shares of Ameriprise Financial by 99.4% in the 4th quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock valued at $116,000 after buying an additional 340 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Ameriprise Financial by 150.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 780 shares of the financial services provider’s stock valued at $132,000 after buying an additional 468 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Ameriprise Financial in the 4th quarter valued at $133,000. Wesbanco Bank Inc. acquired a new position in shares of Ameriprise Financial in the 3rd quarter valued at $200,000. Finally, Shelton Capital Management acquired a new position in shares of Ameriprise Financial in the 3rd quarter valued at $203,000. Institutional investors own 83.18% of the company’s stock.
In related news, EVP Randy Kupper sold 4,381 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $159.61, for a total value of $699,251.41. Following the sale, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at approximately $3,448,693.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Deirdre Davey Mcgraw sold 5,500 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $174.04, for a total transaction of $957,220.00. Following the completion of the sale, the executive vice president now directly owns 8,138 shares in the company, valued at $1,416,337.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,406 shares of company stock worth $9,173,330. 1.50% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on the stock. Deutsche Bank assumed coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They issued a “buy” rating for the company. UBS Group started coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They issued a “buy” rating and a $217.00 target price for the company. Sandler O’Neill set a $165.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Monday, February 12th. ValuEngine downgraded shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Morgan Stanley upped their price target on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $173.67.
Shares of Ameriprise Financial, Inc. (NYSE AMP) opened at $155.57 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $22,772.22, a price-to-earnings ratio of 12.66 and a beta of 1.84. Ameriprise Financial, Inc. has a 12-month low of $118.84 and a 12-month high of $183.90.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.46 EPS. equities analysts forecast that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were paid a $0.83 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.32 dividend on an annualized basis and a yield of 2.13%. Ameriprise Financial’s payout ratio is 35.17%.
Ameriprise Financial Profile
Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.