Credit Agricole S A lessened its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,370 shares of the financial services provider’s stock after selling 26,006 shares during the quarter. Ameriprise Financial accounts for approximately 1.2% of Credit Agricole S A’s holdings, making the stock its 14th biggest position. Credit Agricole S A’s holdings in Ameriprise Financial were worth $18,365,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Private Trust Co. raised its position in shares of Ameriprise Financial by 12.1% in the 4th quarter. Legacy Private Trust Co. now owns 29,143 shares of the financial services provider’s stock worth $4,939,000 after purchasing an additional 3,138 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Ameriprise Financial by 630.0% in the 4th quarter. Acadian Asset Management LLC now owns 108,421 shares of the financial services provider’s stock worth $18,374,000 after purchasing an additional 93,568 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Ameriprise Financial by 16.4% in the 3rd quarter. Prudential Financial Inc. now owns 570,473 shares of the financial services provider’s stock worth $84,721,000 after purchasing an additional 80,220 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Ameriprise Financial in the 4th quarter worth about $133,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Ameriprise Financial by 20.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 301,093 shares of the financial services provider’s stock worth $44,715,000 after purchasing an additional 50,939 shares during the last quarter. 80.51% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on AMP shares. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Wednesday, January 10th. Royal Bank of Canada set a $168.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a report on Saturday, December 16th. SunTrust Banks lifted their price objective on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a report on Friday, January 19th. Morgan Stanley lifted their price objective on Ameriprise Financial from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Sandler O’Neill set a $165.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ameriprise Financial has an average rating of “Buy” and a consensus target price of $164.98.
Shares of Ameriprise Financial, Inc. (NYSE AMP) opened at $156.44 on Thursday. Ameriprise Financial, Inc. has a twelve month low of $118.84 and a twelve month high of $183.90. The company has a market capitalization of $23,379.50, a PE ratio of 13.00 and a beta of 1.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67.
Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing the consensus estimate of $3.08 by ($1.90). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. Ameriprise Financial’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 earnings per share. analysts predict that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.12%. Ameriprise Financial’s dividend payout ratio is currently 35.17%.
ILLEGAL ACTIVITY NOTICE: “Ameriprise Financial, Inc. (AMP) Stake Lessened by Credit Agricole S A” was posted by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3231033/ameriprise-financial-inc-amp-stake-lessened-by-credit-agricole-s-a.html.
Ameriprise Financial Company Profile
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).
Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.