Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Ameriprise Financial, Inc. (NYSE:AMP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,339 shares of the financial services provider’s stock, valued at approximately $566,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of Ameriprise Financial by 4.1% in the third quarter. Wells Fargo & Company MN now owns 2,195,435 shares of the financial services provider’s stock valued at $326,044,000 after purchasing an additional 86,514 shares during the period. APG Asset Management N.V. boosted its stake in shares of Ameriprise Financial by 1.1% in the third quarter. APG Asset Management N.V. now owns 863,585 shares of the financial services provider’s stock valued at $128,251,000 after purchasing an additional 9,700 shares during the period. Legal & General Group Plc boosted its stake in shares of Ameriprise Financial by 0.4% in the third quarter. Legal & General Group Plc now owns 773,225 shares of the financial services provider’s stock valued at $114,833,000 after purchasing an additional 2,716 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Ameriprise Financial by 4.5% in the third quarter. Parametric Portfolio Associates LLC now owns 691,734 shares of the financial services provider’s stock valued at $102,729,000 after purchasing an additional 29,610 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Ameriprise Financial by 18.7% in the fourth quarter. Victory Capital Management Inc. now owns 655,315 shares of the financial services provider’s stock valued at $111,057,000 after purchasing an additional 103,171 shares during the period. 80.20% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on AMP shares. Sandler O’Neill set a $165.00 price target on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Monday. Morgan Stanley lifted their price target on shares of Ameriprise Financial from $187.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. SunTrust Banks lifted their price target on shares of Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Saturday, December 16th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $164.98.
Ameriprise Financial, Inc. (AMP) opened at $155.91 on Tuesday. Ameriprise Financial, Inc. has a 12 month low of $118.84 and a 12 month high of $183.90. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.85. The stock has a market cap of $22,763.47, a P/E ratio of 16.52 and a beta of 1.85.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($1.90). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS. equities research analysts forecast that Ameriprise Financial, Inc. will post 14.43 EPS for the current fiscal year.
The business 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 is Thursday, February 15th. This represents a $3.32 annualized dividend and a dividend yield of 2.13%. Ameriprise Financial’s dividend payout ratio is presently 35.17%.
In other news, insider David Kent Stewart sold 603 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $160.72, for a total transaction of $96,914.16. Following the completion of the sale, the insider now owns 20,081 shares in the company, valued at approximately $3,227,418.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deirdre Davey Mcgraw sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $174.04, for a total transaction of $957,220.00. Following the sale, the executive vice president now owns 8,138 shares of the company’s stock, valued at approximately $1,416,337.52. The disclosure for this sale can be found here. Insiders have sold a total of 49,628 shares of company stock valued at $8,570,993 in the last 90 days. Insiders own 1.50% of the company’s stock.
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Ameriprise Financial Company 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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