BB&T Securities LLC grew its holdings in shares of Ameriprise Financial (NYSE:AMP) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,751 shares of the financial services provider’s stock after buying an additional 534 shares during the period. BB&T Securities LLC’s holdings in Ameriprise Financial were worth $8,431,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Carillon Tower Advisers Inc. purchased a new stake in Ameriprise Financial in the fourth quarter worth $54,782,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Ameriprise Financial in the fourth quarter worth $47,935,000. Renaissance Group LLC grew its stake in shares of Ameriprise Financial by 12,127.8% in the third quarter. Renaissance Group LLC now owns 219,978 shares of the financial services provider’s stock worth $32,669,000 after acquiring an additional 218,179 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Ameriprise Financial in the third quarter worth $22,262,000. Finally, Allianz Asset Management GmbH grew its stake in shares of Ameriprise Financial by 19.0% in the fourth quarter. Allianz Asset Management GmbH now owns 936,100 shares of the financial services provider’s stock worth $158,640,000 after acquiring an additional 149,566 shares during the last quarter. 86.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on AMP. Zacks Investment Research cut Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Monday. Sandler O’Neill set a $150.00 price target on Ameriprise Financial and gave the company a “hold” rating in a report on Thursday, April 5th. Morgan Stanley lowered their price target on Ameriprise Financial from $190.00 to $184.00 and set an “overweight” rating on the stock in a report on Thursday, April 5th. ValuEngine downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, UBS initiated coverage on Ameriprise Financial in a report on Friday, March 2nd. They issued a “buy” rating and a $217.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $169.22.
In other Ameriprise Financial news, EVP Randy Kupper sold 4,381 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $159.61, for a total transaction of $699,251.41. Following the completion of the transaction, the executive vice president now owns 21,607 shares in the company, valued at approximately $3,448,693.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William F. Truscott sold 31,379 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $173.64, for a total value of $5,448,649.56. Following the transaction, the chief executive officer now owns 67,058 shares of the company’s stock, valued at approximately $11,643,951.12. The disclosure for this sale can be found here. Insiders have sold a total of 41,260 shares of company stock valued at $7,105,121 in the last 90 days. 1.50% of the stock is currently owned by company insiders.
Shares of NYSE AMP traded up $2.16 during trading on Thursday, hitting $143.53. The company had a trading volume of 866,436 shares, compared to its average volume of 1,073,825. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial has a 12 month low of $118.84 and a 12 month high of $183.90. The company has a market capitalization of $21,114.27, a P/E ratio of 11.70 and a beta of 1.84.
Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. research analysts anticipate that Ameriprise Financial will post 14.38 EPS for the current year.
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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.
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