PFA Pension Forsikringsaktieselskab Invests $72.05 Million in Ameriprise Financial, Inc. $AMP

PFA Pension Forsikringsaktieselskab bought a new position in Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 145,711 shares of the financial services provider’s stock, valued at approximately $72,050,000.

Other large investors have also made changes to their positions in the company. Holos Integrated Wealth LLC bought a new stake in shares of Ameriprise Financial in the 4th quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth about $32,000. Ares Financial Consulting LLC bought a new stake in shares of Ameriprise Financial in the 4th quarter worth about $32,000. WFA of San Diego LLC bought a new stake in shares of Ameriprise Financial in the 2nd quarter worth about $36,000. Finally, Activest Wealth Management grew its holdings in shares of Ameriprise Financial by 777.8% in the 4th quarter. Activest Wealth Management now owns 79 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 7,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the completion of the transaction, the chief financial officer directly owned 5,609 shares in the company, valued at approximately $3,052,529.98. The trade was a 55.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gumer Alvero sold 4,658 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $542.88, for a total value of $2,528,735.04. Following the transaction, the insider owned 4,621 shares of the company’s stock, valued at $2,508,648.48. The trade was a 50.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,658 shares of company stock worth $8,998,675. 0.60% of the stock is currently owned by company insiders.

Ameriprise Financial Stock Down 1.6%

Shares of NYSE AMP opened at $467.24 on Friday. The firm’s 50-day simple moving average is $454.79 and its 200 day simple moving average is $474.14. The company has a market cap of $42.60 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. The company has a quick ratio of 0.68, a current ratio of 0.66 and a debt-to-equity ratio of 0.90. Ameriprise Financial, Inc. has a 12-month low of $422.37 and a 12-month high of $550.18.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $11.26 earnings per share for the quarter, topping the consensus estimate of $10.21 by $1.05. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Ameriprise Financial had a return on equity of 62.88% and a net margin of 20.57%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $9.50 EPS. On average, research analysts expect that Ameriprise Financial, Inc. will post 41.87 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $6.80 dividend on an annualized basis and a yield of 1.5%. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.60. Ameriprise Financial’s dividend payout ratio (DPR) is presently 15.92%.

Analyst Ratings Changes

AMP has been the topic of several analyst reports. Jefferies Financial Group upped their target price on shares of Ameriprise Financial from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Raymond James Financial set a $582.00 target price on shares of Ameriprise Financial and gave the stock a “strong-buy” rating in a report on Wednesday, February 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $605.00 target price (up from $580.00) on shares of Ameriprise Financial in a report on Monday, February 2nd. Keefe, Bruyette & Woods initiated coverage on shares of Ameriprise Financial in a report on Friday, April 10th. They issued a “hold” rating on the stock. Finally, BMO Capital Markets upped their price target on shares of Ameriprise Financial from $470.00 to $490.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $542.00.

Ameriprise Financial Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.