Slow Capital Inc. bought a new position in Ameriprise Financial, Inc. (NYSE:AMP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 800 shares of the financial services provider’s stock, valued at approximately $136,000.
A number of other large investors have also modified their holdings of the business. Banco de Sabadell S.A purchased a new position in Ameriprise Financial in the 4th quarter worth about $1,410,000. Sterling Capital Management LLC increased its position in shares of Ameriprise Financial by 118.5% during the 4th quarter. Sterling Capital Management LLC now owns 59,187 shares of the financial services provider’s stock valued at $10,030,000 after purchasing an additional 32,100 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Ameriprise Financial during the 4th quarter valued at about $414,000. MetLife Investment Advisors LLC purchased a new stake in shares of Ameriprise Financial during the 4th quarter valued at about $7,757,000. Finally, BB&T Securities LLC increased its position in shares of Ameriprise Financial by 1.1% during the 4th quarter. BB&T Securities LLC now owns 49,751 shares of the financial services provider’s stock valued at $8,431,000 after purchasing an additional 534 shares during the last quarter. 86.72% of the stock is owned by institutional investors and hedge funds.
In other Ameriprise Financial news, EVP Randy Kupper sold 4,381 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $159.61, for a total value of $699,251.41. Following the completion of the transaction, the executive vice president now directly owns 21,607 shares in the company, valued at approximately $3,448,693.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William F. Truscott sold 31,379 shares of the company’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 value of $5,448,649.56. Following the completion of the transaction, the chief executive officer now owns 67,058 shares of the company’s stock, valued at $11,643,951.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,260 shares of company stock valued at $7,105,121. 1.50% of the stock is currently owned by corporate insiders.
Ameriprise Financial, Inc. (NYSE:AMP) opened at $151.06 on Friday. The stock has a market capitalization of $23,100.00, a P/E ratio of 16.00 and a beta of 1.84. 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, Inc. has a 52 week low of $118.84 and a 52 week high of $183.90.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). The company had revenue of $3.15 billion for 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 company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. research analysts predict that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were paid a dividend of $0.83 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.20%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 35.17%.
AMP has been the subject of several research reports. UBS initiated coverage on shares of Ameriprise Financial in a research report on Friday, March 2nd. They set a “buy” rating and a $217.00 price target for the company. Zacks Investment Research raised 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 report on Wednesday, January 10th. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Saturday, December 16th. Deutsche Bank initiated coverage on shares of Ameriprise Financial in a research report on Friday, March 2nd. They set a “buy” rating for the company. Finally, SunTrust Banks upped their price target on shares of Ameriprise Financial to $180.00 and gave the company a “hold” rating in a research report on Friday, January 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ameriprise Financial currently has an average rating of “Buy” and a consensus target price of $171.56.
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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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