Dimensional Fund Advisors LP Boosts Holdings in Ameriprise Financial, Inc. (AMP)

Dimensional Fund Advisors LP boosted its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 11.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 803,244 shares of the financial services provider’s stock after purchasing an additional 84,689 shares during the quarter. Dimensional Fund Advisors LP owned about 0.58% of Ameriprise Financial worth $118,612,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in Ameriprise Financial by 23.0% during the second quarter. Janney Montgomery Scott LLC now owns 3,795 shares of the financial services provider’s stock worth $531,000 after buying an additional 709 shares during the period. Dupont Capital Management Corp increased its position in Ameriprise Financial by 50.1% during the second quarter. Dupont Capital Management Corp now owns 1,483 shares of the financial services provider’s stock worth $207,000 after buying an additional 495 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Ameriprise Financial by 3.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,958 shares of the financial services provider’s stock worth $3,351,000 after buying an additional 841 shares during the period. Commonwealth Equity Services LLC increased its position in Ameriprise Financial by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 15,313 shares of the financial services provider’s stock worth $2,142,000 after buying an additional 654 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Ameriprise Financial by 8,300.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 840 shares of the financial services provider’s stock worth $118,000 after buying an additional 830 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

AMP has been the topic of several research analyst reports. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Friday, October 5th. UBS Group cut their price target on Ameriprise Financial from $204.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Royal Bank of Canada set a $148.00 price target on Ameriprise Financial and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Sandler O’Neill set a $150.00 price target on Ameriprise Financial and gave the stock a “hold” rating in a research report on Monday, August 13th. Finally, ValuEngine raised Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $160.38.

Shares of AMP stock opened at $115.82 on Friday. Ameriprise Financial, Inc. has a twelve month low of $113.21 and a twelve month high of $183.90. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 8.34 and a beta of 1.78. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.37. Ameriprise Financial had a return on equity of 37.21% and a net margin of 13.58%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business posted $3.12 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Ameriprise Financial, Inc. will post 15.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, November 5th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.11%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 29.34%.

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Ameriprise Financial 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.

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

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