Unigestion Holding SA Decreases Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Unigestion Holding SA reduced its position in shares of Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,465 shares of the financial services provider’s stock after selling 692 shares during the period. Unigestion Holding SA’s holdings in Ameriprise Financial were worth $936,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMP. Security National Bank purchased a new stake in Ameriprise Financial in the fourth quarter valued at $73,000. Epoch Investment Partners Inc. increased its stake in Ameriprise Financial by 104.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 382,232 shares of the financial services provider’s stock valued at $145,183,000 after purchasing an additional 195,475 shares during the period. Envestnet Asset Management Inc. increased its stake in Ameriprise Financial by 5.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 652,360 shares of the financial services provider’s stock valued at $247,786,000 after purchasing an additional 32,312 shares during the period. Pinebridge Investments L.P. increased its stake in Ameriprise Financial by 520.5% in the fourth quarter. Pinebridge Investments L.P. now owns 80,556 shares of the financial services provider’s stock valued at $30,598,000 after purchasing an additional 67,573 shares during the period. Finally, Cibc World Markets Corp increased its stake in shares of Ameriprise Financial by 42.6% during the fourth quarter. Cibc World Markets Corp now owns 23,508 shares of the financial services provider’s stock worth $8,929,000 after acquiring an additional 7,026 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $438.07, for a total transaction of $657,105.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $4,818,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Dawn M. Brockman sold 224 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the transaction, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $438.07, for a total transaction of $657,105.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $4,818,770. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,376 shares of company stock valued at $1,476,274. Company insiders own 0.96% of the company’s stock.

Ameriprise Financial Stock Up 0.4 %

Shares of NYSE AMP opened at $428.47 on Tuesday. Ameriprise Financial, Inc. has a 12-month low of $306.63 and a 12-month high of $442.79. The company has a market capitalization of $42.56 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The firm’s 50-day moving average is $425.90 and its two-hundred day moving average is $403.25.

Ameriprise Financial (NYSE:AMPGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.25 earnings per share. Equities analysts anticipate that Ameriprise Financial, Inc. will post 34.95 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a dividend of $1.48 per share. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $5.92 annualized dividend and a dividend yield of 1.38%. Ameriprise Financial’s dividend payout ratio is presently 20.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AMP shares. Evercore ISI boosted their price target on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. The Goldman Sachs Group boosted their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Argus boosted their price target on shares of Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada boosted their price target on shares of Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $450.88.

Read Our Latest Report on AMP

Ameriprise Financial Company Profile

(Free Report)

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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

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