GSA Capital Partners LLP Has $230,000 Holdings in Ameriprise Financial, Inc. (AMP)
GSA Capital Partners LLP lowered its position in Ameriprise Financial, Inc. (NYSE:AMP) by 88.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,550 shares of the financial services provider’s stock after selling 11,615 shares during the period. GSA Capital Partners LLP’s holdings in Ameriprise Financial were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in shares of Ameriprise Financial during the third quarter valued at approximately $373,000. IFM Investors Pty Ltd bought a new stake in shares of Ameriprise Financial during the third quarter valued at approximately $666,000. Independent Advisor Alliance bought a new stake in shares of Ameriprise Financial during the third quarter valued at approximately $232,000. Piedmont Investment Advisors LLC bought a new stake in shares of Ameriprise Financial during the third quarter valued at approximately $1,582,000. Finally, California Public Employees Retirement System raised its stake in shares of Ameriprise Financial by 0.8% during the third quarter. California Public Employees Retirement System now owns 434,071 shares of the financial services provider’s stock valued at $64,464,000 after acquiring an additional 3,443 shares in the last quarter. 81.51% of the stock is owned by institutional investors and hedge funds.
AMP has been the subject of several research analyst reports. SunTrust Banks lifted their price target on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Barclays reaffirmed an “equal weight” rating on shares of Ameriprise Financial in a research note on Monday, October 2nd. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Saturday, December 16th. Finally, Morgan Stanley lifted their price target on shares of Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ameriprise Financial has a consensus rating of “Buy” and an average target price of $159.60.
Ameriprise Financial, Inc. (NYSE AMP) opened at $182.04 on Friday. The company has a market cap of $26,476.51, a P/E ratio of 15.22 and a beta of 1.93. Ameriprise Financial, Inc. has a 12 month low of $110.75 and a 12 month high of $182.37. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.33. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial had a net margin of 14.24% and a return on equity of 29.75%. Ameriprise Financial’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. analysts forecast that Ameriprise Financial, Inc. will post 12.15 EPS for the current fiscal year.
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Ameriprise Financial Company Profile
Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.
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