Tokio Marine Asset Management Co. Ltd. Boosts Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,557 shares of the financial services provider’s stock after buying an additional 266 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Ameriprise Financial were worth $971,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Venture Visionary Partners LLC raised its holdings in Ameriprise Financial by 2.9% during the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after purchasing an additional 416 shares during the last quarter. 17 Capital Partners LLC acquired a new position in shares of Ameriprise Financial in the fourth quarter worth $2,078,000. Cerity Partners LLC raised its holdings in shares of Ameriprise Financial by 280.6% in the fourth quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock worth $11,585,000 after acquiring an additional 22,487 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Ameriprise Financial in the third quarter worth $1,150,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Ameriprise Financial by 75.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 335 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 144 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Ameriprise Financial Trading Down 0.3 %

Shares of NYSE AMP opened at $409.81 on Friday. The stock’s 50 day moving average price is $418.65 and its two-hundred day moving average price is $380.77. Ameriprise Financial, Inc. has a 52-week low of $279.85 and a 52-week high of $440.67. The stock has a market capitalization of $41.06 billion, a P/E ratio of 13.95, a PEG ratio of 0.68 and a beta of 1.36. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.10 by $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. Ameriprise Financial’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.25 earnings per share. On average, analysts anticipate that Ameriprise Financial, Inc. will post 34.58 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, May 3rd. Ameriprise Financial’s dividend payout ratio is presently 20.15%.

Analyst Ratings Changes

AMP has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Piper Sandler boosted their price target on Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research report on Friday, April 5th. UBS Group boosted their price target on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their target price on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ameriprise Financial currently has a consensus rating of “Hold” and an average price target of $449.57.

Insider Transactions at Ameriprise Financial

In related news, SVP Dawn M. Brockman sold 224 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the transaction, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Walter Stanley Berman sold 13,346 shares of Ameriprise Financial stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $387.81, for a total transaction of $5,175,712.26. Following the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $2,485,474.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total value of $97,245.12. Following the transaction, the senior vice president now owns 1,288 shares in the company, valued at $559,159.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,472 shares of company stock worth $31,779,805. 0.73% of the stock is currently owned by company insiders.

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.