KMG Fiduciary Partners LLC trimmed its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,059 shares of the financial services provider’s stock after selling 180 shares during the period. KMG Fiduciary Partners LLC’s holdings in Ameriprise Financial were worth $392,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Ameriprise Financial in the 4th quarter worth about $613,867,000. Bank of New York Mellon Corp increased its holdings in shares of Ameriprise Financial by 11.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,437,464 shares of the financial services provider’s stock worth $507,575,000 after acquiring an additional 342,277 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Ameriprise Financial by 9,885.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,413,630 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 3,379,445 shares during the period. LSV Asset Management increased its holdings in shares of Ameriprise Financial by 1.7% in the 4th quarter. LSV Asset Management now owns 3,152,496 shares of the financial services provider’s stock worth $329,026,000 after acquiring an additional 53,218 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Ameriprise Financial by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,577,013 shares of the financial services provider’s stock worth $380,523,000 after acquiring an additional 263,728 shares during the period. 84.98% of the stock is currently owned by institutional investors.
In related news, EVP Colin Moore sold 24,032 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $133.64, for a total value of $3,211,636.48. Following the completion of the transaction, the executive vice president now owns 56,447 shares in the company, valued at approximately $7,543,577.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.
Ameriprise Financial (NYSE:AMP) last announced its earnings results on Wednesday, January 30th. The financial services provider reported $3.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.68 by $0.12. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.15 billion. Ameriprise Financial had a net margin of 16.35% and a return on equity of 38.65%. Ameriprise Financial’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, equities analysts expect that Ameriprise Financial, Inc. will post 15.35 EPS for the current year.
A number of analysts recently weighed in on AMP shares. Barclays raised shares of Ameriprise Financial from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $165.00 to $135.00 in a report on Wednesday, January 9th. Zacks Investment Research raised shares of Ameriprise Financial from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Sandler O’Neill raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Royal Bank of Canada set a $134.00 target price on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Saturday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $152.38.
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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