Ameriprise Financial, Inc. (AMP) Shares Sold by Sompo Japan Nipponkoa Asset Management CO. LTD.

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Sompo Japan Nipponkoa Asset Management CO. LTD. lowered its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 12.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,590 shares of the financial services provider’s stock after selling 950 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Ameriprise Financial were worth $973,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in AMP. Bridgewater Associates LP boosted its stake in Ameriprise Financial by 121.6% during the 2nd quarter. Bridgewater Associates LP now owns 13,983 shares of the financial services provider’s stock worth $1,956,000 after purchasing an additional 7,672 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in Ameriprise Financial by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 27,495 shares of the financial services provider’s stock worth $3,839,000 after purchasing an additional 1,150 shares during the last quarter. DNB Asset Management AS boosted its stake in Ameriprise Financial by 2.3% during the 3rd quarter. DNB Asset Management AS now owns 18,707 shares of the financial services provider’s stock worth $2,762,000 after purchasing an additional 423 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in Ameriprise Financial by 1.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 413,087 shares of the financial services provider’s stock worth $57,783,000 after purchasing an additional 7,577 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Ameriprise Financial by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 1,149,432 shares of the financial services provider’s stock worth $160,784,000 after purchasing an additional 27,050 shares during the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

NYSE AMP opened at $127.66 on Friday. Ameriprise Financial, Inc. has a 52 week low of $120.79 and a 52 week high of $183.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.69 and a current ratio of 0.66. The firm has a market cap of $18.06 billion, a PE ratio of 10.40 and a beta of 1.79.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.68 by $0.37. Ameriprise Financial had a return on equity of 37.21% and a net margin of 13.58%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $3.12 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Ameriprise Financial, Inc. will post 15.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, November 5th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, November 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.82%. Ameriprise Financial’s dividend payout ratio is presently 29.34%.

Several equities research analysts have issued reports on AMP shares. ValuEngine cut shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $175.00 to $177.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Sandler O’Neill set a $158.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Credit Suisse Group lowered their target price on shares of Ameriprise Financial from $154.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Finally, Zacks Investment Research cut shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $161.25.

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About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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

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