Teachers Advisors LLC lowered its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 751,295 shares of the financial services provider’s stock after selling 22,392 shares during the period. Teachers Advisors LLC’s holdings in Ameriprise Financial were worth $127,322,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of AMP. Legacy Private Trust Co. increased its holdings in shares of Ameriprise Financial by 12.1% in the fourth quarter. Legacy Private Trust Co. now owns 29,143 shares of the financial services provider’s stock valued at $4,939,000 after purchasing an additional 3,138 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at approximately $133,000. Acadian Asset Management LLC increased its holdings in shares of Ameriprise Financial by 630.0% in the fourth quarter. Acadian Asset Management LLC now owns 108,421 shares of the financial services provider’s stock valued at $18,374,000 after purchasing an additional 93,568 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Ameriprise Financial by 20.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 301,093 shares of the financial services provider’s stock valued at $44,715,000 after purchasing an additional 50,939 shares in the last quarter. Finally, Westpac Banking Corp increased its holdings in shares of Ameriprise Financial by 74.4% in the fourth quarter. Westpac Banking Corp now owns 17,321 shares of the financial services provider’s stock valued at $2,362,000 after purchasing an additional 7,390 shares in the last quarter. Institutional investors own 86.73% of the company’s stock.
In other Ameriprise Financial news, EVP Randy Kupper sold 4,381 shares of Ameriprise Financial stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $159.61, for a total transaction of $699,251.41. Following the completion of the sale, the executive vice president now owns 21,607 shares of the company’s stock, valued at approximately $3,448,693.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deirdre Davey Mcgraw sold 5,500 shares of Ameriprise Financial stock in a transaction on Friday, January 26th. The stock was sold at an average price of $174.04, for a total transaction of $957,220.00. Following the sale, the executive vice president now directly owns 8,138 shares of the company’s stock, valued at approximately $1,416,337.52. The disclosure for this sale can be found here. Insiders have sold a total of 46,077 shares of company stock valued at $7,931,285 in the last ninety days. Company insiders own 1.50% of the company’s stock.
Shares of Ameriprise Financial, Inc. (AMP) opened at $159.88 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial, Inc. has a fifty-two week low of $118.84 and a fifty-two week high of $183.90. The company has a market cap of $23,575.58, a price-to-earnings ratio of 16.94 and a beta of 1.84.
Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($1.90). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the firm posted $2.46 EPS. Ameriprise Financial’s revenue was up 9.6% on a year-over-year basis. equities analysts forecast that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, February 15th. Ameriprise Financial’s dividend payout ratio is presently 35.17%.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3259790/ameriprise-financial-inc-amp-shares-sold-by-teachers-advisors-llc.html.
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).
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.