Skandinaviska Enskilda Banken AB publ lifted its position in Ameriprise Financial, Inc. (NYSE:AMP) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,595 shares of the financial services provider’s stock after buying an additional 803 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Ameriprise Financial were worth $2,316,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in Ameriprise Financial by 3.2% during the 4th quarter. Quadrant Capital Group LLC now owns 9,473 shares of the financial services provider’s stock worth $1,568,000 after acquiring an additional 297 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Ameriprise Financial by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 268,288 shares of the financial services provider’s stock worth $44,691,000 after purchasing an additional 4,521 shares during the period. Cetera Advisor Networks LLC purchased a new stake in shares of Ameriprise Financial in the fourth quarter worth $241,000. Private Advisor Group LLC boosted its stake in Ameriprise Financial by 22.2% during the fourth quarter. Private Advisor Group LLC now owns 3,061 shares of the financial services provider’s stock valued at $510,000 after buying an additional 557 shares during the period. Finally, Chicago Equity Partners LLC grew its position in Ameriprise Financial by 3.0% during the fourth quarter. Chicago Equity Partners LLC now owns 7,223 shares of the financial services provider’s stock worth $1,203,000 after buying an additional 210 shares in the last quarter. Institutional investors own 83.20% of the company’s stock.

AMP opened at $148.36 on Tuesday. Ameriprise Financial, Inc. has a 12 month low of $80.01 and a 12 month high of $180.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $141.42 and its 200-day moving average price is $142.00. The company has a market cap of $17.99 billion, a P/E ratio of 5.49 and a beta of 1.84.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $5.41 EPS for the quarter, topping the Zacks’ consensus estimate of $3.88 by $1.53. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Ameriprise Financial had a return on equity of 38.86% and a net margin of 27.50%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.75 EPS. Equities research analysts forecast that Ameriprise Financial, Inc. will post 16.67 earnings per share for the current fiscal year.

AMP has been the subject of a number of research analyst reports. ValuEngine downgraded Ameriprise Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $127.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Cfra decreased their price target on shares of Ameriprise Financial from $189.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. UBS Group lifted their price objective on shares of Ameriprise Financial from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Credit Suisse Group increased their target price on Ameriprise Financial from $165.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $165.40.

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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