Ameriprise Financial, Inc. (AMP) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lessened its position in Ameriprise Financial, Inc. (NYSE:AMP) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,048 shares of the financial services provider’s stock after selling 3,901 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Ameriprise Financial were worth $1,025,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. OppenheimerFunds Inc. raised its holdings in shares of Ameriprise Financial by 2.9% in the 4th quarter. OppenheimerFunds Inc. now owns 284,601 shares of the financial services provider’s stock valued at $48,232,000 after buying an additional 8,132 shares during the period. First Republic Investment Management Inc. raised its holdings in shares of Ameriprise Financial by 2.0% in the 4th quarter. First Republic Investment Management Inc. now owns 80,447 shares of the financial services provider’s stock valued at $13,633,000 after buying an additional 1,578 shares during the period. Timber Hill LLC purchased a new stake in shares of Ameriprise Financial in the 4th quarter valued at $2,676,000. ARP Americas LP raised its holdings in shares of Ameriprise Financial by 302.1% in the 4th quarter. ARP Americas LP now owns 14,615 shares of the financial services provider’s stock valued at $2,477,000 after buying an additional 10,980 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its holdings in shares of Ameriprise Financial by 26.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 13,938 shares of the financial services provider’s stock valued at $2,362,000 after buying an additional 2,917 shares during the period. Hedge funds and other institutional investors own 80.51% of the company’s stock.

Several research firms recently issued reports on AMP. Sandler O’Neill set a $165.00 price objective on Ameriprise Financial and gave the company a “hold” rating in a report on Monday, February 12th. SunTrust Banks upped their price target on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a report on Friday, January 19th. Royal Bank of Canada set a $168.00 price target on Ameriprise Financial and gave the stock a “hold” rating in a report on Saturday, December 16th. Zacks Investment Research downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine downgraded Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $164.98.

In other news, insider David Kent Stewart sold 4,817 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $171.51, for a total transaction of $826,163.67. Following the completion of the transaction, the insider now directly owns 29,727 shares of the company’s stock, valued at approximately $5,098,477.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph Edward Sweeney sold 7,329 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $169.47, for a total value of $1,242,045.63. Following the transaction, the insider now directly owns 37,991 shares of the company’s stock, valued at $6,438,334.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,628 shares of company stock valued at $8,570,993. Insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial, Inc. (AMP) opened at $158.01 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial, Inc. has a 1-year low of $118.84 and a 1-year high of $183.90. The firm has a market capitalization of $23,370.00, a PE ratio of 13.73 and a beta of 1.85.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company earned $2.46 EPS. Ameriprise Financial’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities analysts expect that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.32 annualized dividend and a dividend yield of 2.10%. Ameriprise Financial’s dividend payout ratio is currently 28.84%.

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About Ameriprise Financial

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.

Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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