Ameriprise Financial, Inc. (AMP) Position Raised by Atria Investments LLC

Atria Investments LLC increased its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 8.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,496 shares of the financial services provider’s stock after acquiring an additional 1,232 shares during the quarter. Atria Investments LLC’s holdings in Ameriprise Financial were worth $2,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMP. Franklin Resources Inc. raised its position in Ameriprise Financial by 1.0% during the second quarter. Franklin Resources Inc. now owns 31,937 shares of the financial services provider’s stock valued at $4,065,000 after purchasing an additional 316 shares in the last quarter. AJO LP purchased a new stake in Ameriprise Financial during the second quarter valued at about $742,000. ProShare Advisors LLC raised its position in Ameriprise Financial by 14.2% during the second quarter. ProShare Advisors LLC now owns 40,641 shares of the financial services provider’s stock valued at $5,173,000 after purchasing an additional 5,069 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Ameriprise Financial by 2.3% during the second quarter. Thrivent Financial For Lutherans now owns 5,790 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 130 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Ameriprise Financial by 8.3% during the second quarter. New York State Common Retirement Fund now owns 350,500 shares of the financial services provider’s stock valued at $44,615,000 after purchasing an additional 26,799 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

In other news, insider Joseph Edward Sweeney sold 7,329 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $169.47, for a total transaction of $1,242,045.63. Following the transaction, the insider now directly owns 37,991 shares of the company’s stock, valued at $6,438,334.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James M. Cracchiolo sold 2,428 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total value of $391,077.96. Following the transaction, the chief executive officer now directly owns 242,013 shares in the company, valued at $38,981,033.91. The disclosure for this sale can be found here. Insiders have sold 72,466 shares of company stock worth $11,708,801 over the last ninety days. Insiders own 1.50% of the company’s stock.

A number of equities research analysts have weighed in on AMP shares. Royal Bank of Canada set a $155.00 price target on Ameriprise Financial and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research report on Wednesday, January 10th. SunTrust Banks raised their price target on Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley raised their price target on Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Finally, ValuEngine downgraded Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $159.60.

Ameriprise Financial, Inc. (NYSE:AMP) opened at $178.47 on Thursday. Ameriprise Financial, Inc. has a 12 month low of $110.75 and a 12 month high of $183.90. The stock has a market capitalization of $26,410.00, a PE ratio of 16.66 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.79 by $0.33. Ameriprise Financial had a return on equity of 29.75% and a net margin of 14.24%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the firm earned $2.29 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts anticipate that Ameriprise Financial, Inc. will post 12.15 EPS for the current fiscal year.

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About Ameriprise Financial

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMP).

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

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