Captrust Financial Advisors Acquires 397 Shares of Ameriprise Financial, Inc. (AMP)

Share on StockTwits

Captrust Financial Advisors lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 10.0% in the second quarter, HoldingsChannel reports. The firm owned 4,368 shares of the financial services provider’s stock after acquiring an additional 397 shares during the period. Captrust Financial Advisors’ holdings in Ameriprise Financial were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. FDx Advisors Inc. increased its holdings in Ameriprise Financial by 16.0% in the 1st quarter. FDx Advisors Inc. now owns 10,072 shares of the financial services provider’s stock worth $1,490,000 after acquiring an additional 1,390 shares during the last quarter. Dupont Capital Management Corp increased its holdings in Ameriprise Financial by 391.5% in the 1st quarter. Dupont Capital Management Corp now owns 988 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 787 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Ameriprise Financial by 56.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,287 shares of the financial services provider’s stock worth $3,241,000 after acquiring an additional 7,648 shares during the last quarter. Trexquant Investment LP increased its holdings in Ameriprise Financial by 199.7% in the 1st quarter. Trexquant Investment LP now owns 10,269 shares of the financial services provider’s stock worth $1,519,000 after acquiring an additional 6,843 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Ameriprise Financial by 2.2% in the 1st quarter. American Century Companies Inc. now owns 1,416,294 shares of the financial services provider’s stock worth $209,527,000 after acquiring an additional 30,674 shares during the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AMP opened at $143.92 on Thursday. Ameriprise Financial, Inc. has a 52 week low of $129.87 and a 52 week high of $183.90. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 10.07 and a beta of 1.81.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Tuesday, July 24th. The financial services provider reported $3.60 EPS for the quarter, topping the consensus estimate of $3.51 by $0.09. Ameriprise Financial had a return on equity of 36.15% and a net margin of 13.91%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the company earned $2.80 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. equities analysts forecast that Ameriprise Financial, Inc. will post 14.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Monday, August 6th were paid a $0.90 dividend. The ex-dividend date was Friday, August 3rd. This represents a $3.60 annualized dividend and a yield of 2.50%. Ameriprise Financial’s dividend payout ratio is currently 29.34%.

Several brokerages recently weighed in on AMP. ValuEngine raised Ameriprise Financial from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group cut their target price on Ameriprise Financial from $154.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Sandler O’Neill set a $150.00 target price on Ameriprise Financial and gave the stock a “hold” rating in a research note on Monday, August 13th. Morgan Stanley raised their target price on Ameriprise Financial from $175.00 to $177.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, July 12th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $165.25.

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.

See Also: Understanding Stock Ratings

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMP).

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

Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply