New Mexico Educational Retirement Board lessened its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 22.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,981 shares of the financial services provider’s stock after selling 2,350 shares during the period. New Mexico Educational Retirement Board’s holdings in Ameriprise Financial were worth $818,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Ameriprise Financial by 1,047.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,332 shares of the financial services provider’s stock valued at $10,383,000 after purchasing an additional 56,899 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Ameriprise Financial by 1.0% in the 1st quarter. Legal & General Group Plc now owns 822,615 shares of the financial services provider’s stock valued at $84,544,000 after purchasing an additional 8,083 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Ameriprise Financial by 325.0% in the 1st quarter. APG Asset Management N.V. now owns 96,263 shares of the financial services provider’s stock valued at $9,865,000 after purchasing an additional 73,612 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Ameriprise Financial by 3.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 199,419 shares of the financial services provider’s stock valued at $20,433,000 after purchasing an additional 7,319 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Ameriprise Financial by 23.3% in the 1st quarter. Deutsche Bank AG now owns 1,196,755 shares of the financial services provider’s stock valued at $122,643,000 after purchasing an additional 225,910 shares during the last quarter. 83.20% of the stock is owned by institutional investors and hedge funds.

AMP has been the subject of several analyst reports. TheStreet raised shares of Ameriprise Financial from a “c+” rating to a “b-” rating in a research note on Tuesday, June 9th. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Tuesday, May 19th. Goldman Sachs Group raised shares of Ameriprise Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $185.00 in a research report on Thursday, June 25th. Citigroup cut their target price on shares of Ameriprise Financial from $200.00 to $176.00 in a research report on Thursday, March 5th. Finally, Credit Suisse Group boosted their target price on shares of Ameriprise Financial from $165.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. Ameriprise Financial has a consensus rating of “Buy” and a consensus target price of $165.40.

Shares of AMP opened at $148.36 on Tuesday. The company has a 50-day simple moving average of $141.42 and a 200-day simple moving average of $142.00. The firm has a market capitalization of $17.99 billion, a P/E ratio of 5.49 and a beta of 1.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.86 and a current ratio of 0.86. Ameriprise Financial, Inc. has a 52 week low of $80.01 and a 52 week high of $180.85.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.41 EPS for the quarter, beating the Zacks’ consensus estimate of $3.88 by $1.53. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.86 billion. Ameriprise Financial had a net margin of 27.50% and a return on equity of 38.86%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.75 earnings per share. As a group, equities analysts forecast that Ameriprise Financial, Inc. will post 16.67 earnings per share 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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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

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