Pennsylvania Trust Co raised its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,975 shares of the financial services provider’s stock after buying an additional 375 shares during the period. Pennsylvania Trust Co’s holdings in Ameriprise Financial were worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in AMP. Summit Trail Advisors LLC boosted its position in Ameriprise Financial by 12,071.7% in the 1st quarter. Summit Trail Advisors LLC now owns 105,407 shares of the financial services provider’s stock valued at $105,000 after buying an additional 104,541 shares during the period. IMA Wealth Inc. purchased a new stake in Ameriprise Financial in the 2nd quarter valued at about $110,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Ameriprise Financial by 8,300.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 840 shares of the financial services provider’s stock valued at $118,000 after buying an additional 830 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new stake in Ameriprise Financial in the 2nd quarter valued at about $119,000. Finally, Valeo Financial Advisors LLC boosted its position in Ameriprise Financial by 56.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $147,000 after buying an additional 389 shares during the period. 81.39% of the stock is owned by institutional investors.
Several research firms have issued reports on AMP. ValuEngine cut shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Friday, October 5th. Credit Suisse Group lowered their price objective on shares of Ameriprise Financial from $154.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Sandler O’Neill set a $150.00 price objective on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Monday, August 13th. Finally, Morgan Stanley upped their price target on shares of Ameriprise Financial from $175.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Ameriprise Financial has an average rating of “Hold” and an average price target of $166.38.
Shares of AMP opened at $143.54 on Thursday. Ameriprise Financial, Inc. has a fifty-two week low of $129.87 and a fifty-two week high of $183.90. The company has a market capitalization of $20.95 billion, a PE ratio of 11.70 and a beta of 1.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.69 and a quick ratio of 0.69.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.09. Ameriprise Financial had a net margin of 13.91% and a return on equity of 36.15%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the company earned $2.80 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 14.68 EPS for the current year.
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.
Featured Story: Price to Earnings Ratio (PE), For Valuing Stocks
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.