Meadow Creek Investment Management LLC increased its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,288 shares of the financial services provider’s stock after purchasing an additional 6,224 shares during the period. Meadow Creek Investment Management LLC’s holdings in Ameriprise Financial were worth $10,217,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in AMP. Alps Advisors Inc. boosted its stake in shares of Ameriprise Financial by 23.4% in the 3rd quarter. Alps Advisors Inc. now owns 3,476 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 660 shares in the last quarter. FDx Advisors Inc. boosted its stake in shares of Ameriprise Financial by 14.0% in the 3rd quarter. FDx Advisors Inc. now owns 8,724 shares of the financial services provider’s stock valued at $1,296,000 after purchasing an additional 1,074 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Ameriprise Financial by 12.7% in the 3rd quarter. New York State Common Retirement Fund now owns 394,918 shares of the financial services provider’s stock valued at $58,649,000 after purchasing an additional 44,418 shares in the last quarter. Dorsey Wright & Associates purchased a new stake in shares of Ameriprise Financial in the 3rd quarter valued at $452,000. Finally, Toronto Dominion Bank boosted its stake in shares of Ameriprise Financial by 7.8% in the 3rd quarter. Toronto Dominion Bank now owns 71,042 shares of the financial services provider’s stock valued at $10,554,000 after purchasing an additional 5,112 shares in the last quarter. 86.73% of the stock is owned by institutional investors.
Shares of Ameriprise Financial, Inc. (NYSE AMP) opened at $158.91 on Wednesday. Ameriprise Financial, Inc. has a 1-year low of $118.84 and a 1-year high of $183.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.85. The company has a market cap of $23,395.59, a price-to-earnings ratio of 13.01 and a beta of 1.84.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.32 dividend on an annualized basis and a yield of 2.09%. Ameriprise Financial’s dividend payout ratio is currently 35.17%.
In other Ameriprise Financial news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $174.04, for a total value of $957,220.00. Following the completion of the transaction, the executive vice president now directly owns 8,138 shares in the company, valued at approximately $1,416,337.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William F. Truscott sold 31,379 shares of the company’s stock in a transaction 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 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. Insiders have sold a total of 46,077 shares of company stock valued at $7,931,285 over the last quarter. 1.50% of the stock is currently owned by company insiders.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank assumed coverage on shares of Ameriprise Financial in a research note on Friday, March 2nd. They issued a “buy” rating for the company. ValuEngine cut shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Sandler O’Neill set a $165.00 price objective on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Monday, February 12th. Morgan Stanley upped their price target on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, UBS Group began coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They set a “buy” rating and a $217.00 price target for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $173.67.
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Ameriprise Financial 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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