Meadow Creek Investment Management LLC Raises Holdings in Ameriprise Financial, Inc. (AMP)
Meadow Creek Investment Management LLC grew its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 60,288 shares of the financial services provider’s stock after purchasing an additional 6,224 shares during the period. Meadow Creek Investment Management LLC’s holdings in Ameriprise Financial were worth $10,217,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Icon Wealth Partners LLC bought a new position in Ameriprise Financial in the 4th quarter worth $101,000. Capital Analysts LLC increased its stake in shares of Ameriprise Financial by 953.0% in the 4th quarter. Capital Analysts LLC now owns 5,981 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 5,413 shares in the last quarter. Lee Financial Co increased its stake in shares of Ameriprise Financial by 99.4% in the 4th quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 340 shares in the last quarter. Virtue Capital Management LLC bought a new position in shares of Ameriprise Financial in the 4th quarter worth about $128,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Ameriprise Financial by 150.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 780 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 468 shares in the last quarter. Institutional investors and hedge funds own 86.73% of the company’s stock.
In related news, EVP Randy Kupper sold 4,381 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $159.61, for a total transaction of $699,251.41. Following the sale, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at approximately $3,448,693.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Kent Stewart sold 4,817 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $171.51, for a total transaction of $826,163.67. Following the sale, the insider now directly owns 29,727 shares in the company, valued at $5,098,477.77. The disclosure for this sale can be found here. Insiders have sold a total of 46,077 shares of company stock worth $7,931,285 over the last three months. 1.50% of the stock is currently owned by insiders.
Shares of Ameriprise Financial, Inc. (NYSE AMP) opened at $158.91 on Wednesday. Ameriprise Financial, Inc. has a 1 year low of $118.84 and a 1 year high of $183.90. The company has a market cap of $23,395.59, a PE ratio of 13.01 and a beta of 1.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the company posted $2.46 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities analysts predict that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.09%. The ex-dividend date was Thursday, February 15th. Ameriprise Financial’s dividend payout ratio (DPR) is 35.17%.
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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