Ameriprise Financial, Inc. $AMP Holdings Raised by Burney Co.

Burney Co. increased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,125 shares of the financial services provider’s stock after acquiring an additional 275 shares during the period. Burney Co.’s holdings in Ameriprise Financial were worth $4,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in AMP. Brighton Jones LLC grew its stake in Ameriprise Financial by 6.9% during the 4th quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock worth $413,000 after buying an additional 50 shares during the last quarter. D.A. Davidson & CO. grew its stake in Ameriprise Financial by 6.5% during the 1st quarter. D.A. Davidson & CO. now owns 4,421 shares of the financial services provider’s stock worth $2,140,000 after buying an additional 268 shares during the last quarter. Strategic Blueprint LLC grew its stake in Ameriprise Financial by 32.0% during the 1st quarter. Strategic Blueprint LLC now owns 565 shares of the financial services provider’s stock worth $274,000 after buying an additional 137 shares during the last quarter. World Investment Advisors grew its stake in Ameriprise Financial by 1.7% during the 1st quarter. World Investment Advisors now owns 1,654 shares of the financial services provider’s stock worth $800,000 after buying an additional 27 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Ameriprise Financial by 5.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 668 shares of the financial services provider’s stock worth $323,000 after buying an additional 32 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other news, CEO William F. Truscott sold 9,929 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total value of $5,032,910.81. Following the completion of the sale, the chief executive officer owned 11,047 shares in the company, valued at $5,599,613.83. This represents a 47.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Heather J. Melloh sold 1,500 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $512.34, for a total value of $768,510.00. Following the completion of the sale, the executive vice president owned 2,562 shares of the company’s stock, valued at approximately $1,312,615.08. This trade represents a 36.93% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating for the company in a research note on Monday. Raymond James Financial boosted their price target on Ameriprise Financial from $518.00 to $582.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameriprise Financial in a research report on Wednesday, October 8th. BMO Capital Markets initiated coverage on Ameriprise Financial in a research report on Friday, October 3rd. They set a “market perform” rating and a $525.00 price target for the company. Finally, Morgan Stanley reduced their price target on Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $530.63.

Ameriprise Financial Trading Down 0.0%

Shares of Ameriprise Financial stock opened at $452.58 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.95. The firm has a market cap of $42.67 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26. The business has a fifty day simple moving average of $489.51 and a 200-day simple moving average of $503.26. Ameriprise Financial, Inc. has a fifty-two week low of $396.14 and a fifty-two week high of $582.05.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $9.92 earnings per share for the quarter, beating the consensus estimate of $9.76 by $0.16. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.51 billion. Ameriprise Financial had a return on equity of 65.90% and a net margin of 18.30%.The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.02 earnings per share. On average, equities analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be issued a $1.60 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. Ameriprise Financial’s dividend payout ratio is 17.55%.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.