State of Tennessee Treasury Department lessened its position in Ameriprise Financial, Inc. (NYSE:AMP) by 75.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,788 shares of the financial services provider’s stock after selling 93,025 shares during the quarter. State of Tennessee Treasury Department’s holdings in Ameriprise Financial were worth $3,053,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMP. Norges Bank bought a new stake in shares of Ameriprise Financial in the 4th quarter worth about $315,734,000. Lord Abbett & CO. LLC lifted its holdings in Ameriprise Financial by 43.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,350,966 shares of the financial services provider’s stock valued at $138,447,000 after buying an additional 410,745 shares in the last quarter. Aristotle Capital Management LLC lifted its holdings in Ameriprise Financial by 5.1% during the 1st quarter. Aristotle Capital Management LLC now owns 4,707,878 shares of the financial services provider’s stock valued at $482,463,000 after buying an additional 227,640 shares in the last quarter. Deutsche Bank AG lifted its holdings in Ameriprise Financial by 23.3% during 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 buying an additional 225,910 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Ameriprise Financial by 38.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 772,063 shares of the financial services provider’s stock valued at $79,121,000 after buying an additional 214,689 shares in the last quarter. Hedge funds and other institutional investors own 83.20% of the company’s stock.

A number of brokerages recently weighed in on AMP. Piper Sandler decreased their price objective on shares of Ameriprise Financial from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 3rd. Cfra decreased their price objective on shares of Ameriprise Financial from $189.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Citigroup reduced their price target on shares of Ameriprise Financial from $200.00 to $176.00 in a report on Thursday, March 5th. TheStreet upgraded shares of Ameriprise Financial from a “c+” rating to a “b-” rating in a report on Tuesday, June 9th. Finally, UBS Group boosted their price target on shares of Ameriprise Financial from $158.00 to $168.00 and gave the company a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. Ameriprise Financial currently has a consensus rating of “Buy” and an average price target of $165.40.

Shares of Ameriprise Financial stock opened at $148.36 on Tuesday. The firm’s 50 day moving average price is $141.42 and its 200-day moving average price is $142.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.56. Ameriprise Financial, Inc. has a 52-week low of $80.01 and a 52-week high of $180.85. 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 issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $1.53. Ameriprise Financial had a net margin of 27.50% and a return on equity of 38.86%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the firm earned $3.75 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that Ameriprise Financial, Inc. will post 16.67 EPS for the current fiscal year.

Ameriprise Financial Company 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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