OLD National Bancorp IN lessened its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,147 shares of the financial services provider’s stock after selling 327 shares during the period. OLD National Bancorp IN’s holdings in Ameriprise Financial were worth $533,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in AMP. Janus Henderson Group PLC lifted its stake in shares of Ameriprise Financial by 29.9% in the 2nd quarter. Janus Henderson Group PLC now owns 37,899 shares of the financial services provider’s stock valued at $4,825,000 after purchasing an additional 8,734 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Ameriprise Financial by 90.4% in the 2nd quarter. Verition Fund Management LLC now owns 3,580 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 1,700 shares during the last quarter. Wasatch Advisors Inc. acquired a new stake in shares of Ameriprise Financial in the 2nd quarter valued at $352,000. Advisory Services Network LLC lifted its position in Ameriprise Financial by 4.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,043 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 155 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Ameriprise Financial by 18.0% during the 2nd quarter. Toronto Dominion Bank now owns 65,930 shares of the financial services provider’s stock worth $8,393,000 after acquiring an additional 10,047 shares during the last quarter. 80.20% of the stock is owned by institutional investors and hedge funds.
AMP has been the subject of a number of research analyst reports. ValuEngine lowered shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Wednesday, January 10th. Royal Bank of Canada set a $168.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday, December 16th. SunTrust Banks boosted their target price on shares of Ameriprise Financial from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Sandler O’Neill set a $165.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $164.98.
Shares of Ameriprise Financial, Inc. (AMP) opened at $160.55 on Thursday. The firm has a market cap of $23,168.79, a PE ratio of 12.74 and a beta of 1.85. Ameriprise Financial, Inc. has a 52 week low of $118.84 and a 52 week high of $183.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67.
Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate 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 was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.46 EPS. equities analysts expect that Ameriprise Financial, Inc. will post 14.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.32 dividend on an annualized basis and a yield of 2.07%. Ameriprise Financial’s payout ratio is currently 35.17%.
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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.
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