Ameriprise Financial (AMP) Holdings Cut by AMP Capital Investors Ltd

AMP Capital Investors Ltd cut its holdings in shares of Ameriprise Financial (NYSE:AMP) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,397 shares of the financial services provider’s stock after selling 5,231 shares during the quarter. AMP Capital Investors Ltd owned about 0.09% of Ameriprise Financial worth $22,608,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMP. Leavell Investment Management Inc. increased its stake in Ameriprise Financial by 8.6% during the 4th quarter. Leavell Investment Management Inc. now owns 3,807 shares of the financial services provider’s stock worth $645,000 after buying an additional 300 shares during the period. Advisory Services Network LLC increased its stake in Ameriprise Financial by 6.7% during the 4th quarter. Advisory Services Network LLC now owns 5,294 shares of the financial services provider’s stock worth $897,000 after buying an additional 331 shares during the period. Cetera Advisors LLC increased its stake in Ameriprise Financial by 13.5% during the 4th quarter. Cetera Advisors LLC now owns 2,829 shares of the financial services provider’s stock worth $478,000 after buying an additional 336 shares during the period. Lee Financial Co increased its stake in Ameriprise Financial by 99.4% during the 4th quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock worth $116,000 after buying an additional 340 shares during the period. Finally, Financial Counselors Inc. increased its stake in Ameriprise Financial by 0.4% during the 4th quarter. Financial Counselors Inc. now owns 110,360 shares of the financial services provider’s stock worth $18,703,000 after buying an additional 392 shares during the period. Institutional investors own 86.73% of the company’s stock.

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In other Ameriprise Financial news, EVP Randy Kupper sold 4,381 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $159.61, for a total value of $699,251.41. Following the completion of the sale, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at approximately $3,448,693.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William F. Truscott sold 31,379 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the completion of the sale, the chief executive officer now directly owns 67,058 shares of the company’s stock, valued at $11,643,951.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,260 shares of company stock valued at $7,105,121. 1.50% of the stock is owned by insiders.

NYSE:AMP traded down $5.27 during mid-day trading on Monday, hitting $142.67. 1,248,110 shares of the company’s stock traded hands, compared to its average volume of 1,104,505. 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 has a 1 year low of $118.84 and a 1 year high of $183.90. The company has a market capitalization of $21,648.39, a P/E ratio of 11.63 and a beta of 1.84.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the firm posted $2.46 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. equities research analysts predict that Ameriprise Financial will post 14.43 earnings per share for the current year.

AMP has been the topic of a number of recent analyst reports. 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. Deutsche Bank started coverage on shares of Ameriprise Financial in a research note on Friday, March 2nd. They set a “buy” rating for the company. Morgan Stanley increased 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. UBS began coverage on shares of Ameriprise Financial in a research note on Friday, March 2nd. They issued a “buy” rating and a $217.00 target price for the company. Finally, Royal Bank of Canada set a $168.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Saturday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $171.56.

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Ameriprise Financial Company Profile

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.

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

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