Ameriprise Financial, Inc. (AMP) Stake Lifted by National Pension Service

National Pension Service lifted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,141 shares of the financial services provider’s stock after purchasing an additional 2,737 shares during the quarter. National Pension Service owned 0.12% of Ameriprise Financial worth $25,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Capital Guardian Trust Co. purchased a new position in shares of Ameriprise Financial in the third quarter worth $107,000. Valeo Financial Advisors LLC raised its stake in shares of Ameriprise Financial by 56.7% in the second quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 389 shares during the last quarter. Osborn Williams & Donohoe LLC purchased a new position in shares of Ameriprise Financial in the third quarter worth $200,000. Becker Capital Management Inc. purchased a new position in shares of Ameriprise Financial in the third quarter worth $201,000. Finally, IFG Advisory LLC bought a new stake in shares of Ameriprise Financial in the third quarter worth $207,000. Hedge funds and other institutional investors own 81.51% of the company’s stock.

Shares of AMP opened at $110.19 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.66 and a quick ratio of 0.66. Ameriprise Financial, Inc. has a one year low of $109.87 and a one year high of $183.90. The firm has a market capitalization of $15.36 billion, a P/E ratio of 8.98 and a beta of 1.78.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $4.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.68 by $0.37. Ameriprise Financial had a return on equity of 37.21% and a net margin of 13.58%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company posted $3.12 earnings per share. Ameriprise Financial’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Ameriprise Financial, Inc. will post 15.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, November 5th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Friday, November 2nd. Ameriprise Financial’s dividend payout ratio is presently 29.34%.

Several brokerages recently commented on AMP. Zacks Investment Research lowered Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 4th. Morgan Stanley cut their price objective on Ameriprise Financial from $177.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, November 13th. Royal Bank of Canada set a $148.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a report on Wednesday, October 24th. UBS Group cut their price objective on Ameriprise Financial from $204.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. Finally, ValuEngine lowered Ameriprise Financial from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $160.38.

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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 Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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

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