Timber Hill LLC acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,790 shares of the financial services provider’s stock, valued at approximately $2,676,000.
Other large investors also recently modified their holdings of the company. Lee Financial Co boosted its stake 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 purchasing an additional 340 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake 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 purchasing an additional 468 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Ameriprise Financial in the 4th quarter valued at about $133,000. Wesbanco Bank Inc. bought a new position in shares of Ameriprise Financial in the 3rd quarter valued at about $200,000. Finally, Shelton Capital Management bought a new position in shares of Ameriprise Financial in the 3rd quarter valued at about $203,000. 80.51% of the stock is currently owned by hedge funds and other institutional investors.
Ameriprise Financial, Inc. (NYSE:AMP) opened at $158.76 on Wednesday. Ameriprise Financial, Inc. has a one year low of $118.84 and a one year high of $183.90. The firm has a market cap of $23,640.69, a P/E ratio of 16.82 and a beta of 1.85. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67.
Ameriprise Financial (NYSE:AMP) last released 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). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $2.46 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. analysts forecast that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, February 15th. Ameriprise Financial’s payout ratio is 35.17%.
AMP has been the topic of several recent research reports. Royal Bank of Canada set a $155.00 target price on shares of Ameriprise Financial and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. SunTrust Banks raised their target price on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. ValuEngine lowered shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Morgan Stanley raised their target price on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $164.98.
In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 7,329 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $169.47, for a total transaction of $1,242,045.63. Following the sale, the insider now directly owns 37,991 shares in the company, valued at approximately $6,438,334.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William F. Truscott sold 31,379 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the sale, the chief executive officer now owns 67,058 shares in the company, valued at $11,643,951.12. The disclosure for this sale can be found here. Insiders have sold a total of 49,628 shares of company stock worth $8,570,993 in the last three months. 1.50% of the stock is owned by insiders.
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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.
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