Ameriprise Financial, Inc. $AMP Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. decreased its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 45.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,914 shares of the financial services provider’s stock after selling 14,138 shares during the quarter. Capital Fund Management S.A.’s holdings in Ameriprise Financial were worth $9,028,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMP. Whipplewood Advisors LLC boosted its holdings in Ameriprise Financial by 71.0% in the second quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 22 shares during the period. Salomon & Ludwin LLC increased its holdings in Ameriprise Financial by 115.4% during the 2nd quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 30 shares during the period. TD Capital Management LLC raised its position in Ameriprise Financial by 566.7% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Ameriprise Financial in the 1st quarter valued at about $29,000. Finally, Winnow Wealth LLC acquired a new position in shares of Ameriprise Financial during the second quarter worth about $32,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Activity at Ameriprise Financial

In related news, EVP Heather J. Melloh sold 1,500 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $512.34, for a total value of $768,510.00. Following the completion of the sale, the executive vice president owned 2,562 shares in the company, valued at $1,312,615.08. This represents a 36.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $450.94, for a total transaction of $676,410.00. Following the sale, the director owned 7,500 shares of the company’s stock, valued at approximately $3,382,050. This represents a 16.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is currently owned by corporate insiders.

Ameriprise Financial Trading Up 0.5%

NYSE AMP opened at $455.74 on Friday. The firm’s fifty day moving average price is $471.66 and its 200 day moving average price is $499.83. Ameriprise Financial, Inc. has a 12 month low of $396.14 and a 12 month high of $582.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $42.34 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.28.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of $9.76 by $0.16. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. Ameriprise Financial’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $9.02 earnings per share. On average, sell-side analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $1.60 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. Ameriprise Financial’s payout ratio is currently 17.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMP. Keefe, Bruyette & Woods reduced their target price on shares of Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Ameriprise Financial in a report on Friday. BMO Capital Markets began coverage on shares of Ameriprise Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $525.00 target price for the company. Royal Bank Of Canada dropped their target price on Ameriprise Financial from $601.00 to $550.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Argus decreased their price target on Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Ameriprise Financial has an average rating of “Hold” and a consensus target price of $533.22.

Ameriprise Financial Profile

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.