1,394 Shares in Ameriprise Financial, Inc. (AMP) Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group purchased a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,394 shares of the financial services provider’s stock, valued at approximately $236,000.

Several other large investors also recently bought and sold shares of AMP. New York State Common Retirement Fund boosted its stake in shares of Ameriprise Financial by 12.7% during the 3rd quarter. New York State Common Retirement Fund now owns 394,918 shares of the financial services provider’s stock worth $58,649,000 after acquiring an additional 44,418 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Ameriprise Financial by 57.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,764 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 1,004 shares during the period. Commonwealth Equity Services Inc boosted its stake in shares of Ameriprise Financial by 8.5% during the 3rd quarter. Commonwealth Equity Services Inc now owns 12,747 shares of the financial services provider’s stock worth $1,893,000 after acquiring an additional 1,001 shares during the period. Buckingham Capital Management Inc. boosted its stake in shares of Ameriprise Financial by 3.6% during the 3rd quarter. Buckingham Capital Management Inc. now owns 12,190 shares of the financial services provider’s stock worth $1,810,000 after acquiring an additional 420 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Ameriprise Financial by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,576 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 592 shares during the period. 86.72% of the stock is currently owned by hedge funds and other institutional investors.

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Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Ameriprise Financial from $187.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. SunTrust Banks lifted their target price on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research note on Wednesday, January 10th. Royal Bank of Canada set a $168.00 price target on Ameriprise Financial and gave the company a “hold” rating in a research note on Saturday, December 16th. Finally, ValuEngine downgraded Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ameriprise Financial presently has a consensus rating of “Buy” and an average target price of $171.56.

Shares of AMP stock opened at $144.89 on Friday. The stock has a market capitalization of $22,104.94, a price-to-earnings ratio of 15.35 and a beta of 1.84. Ameriprise Financial, Inc. has a one year low of $118.84 and a one year high of $183.90. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.85.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($1.90). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.05 billion. Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 earnings per share. equities 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. Investors of record on Friday, February 16th were paid a $0.83 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.32 annualized dividend and a yield of 2.29%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 35.17%.

In other news, CEO William F. Truscott sold 31,379 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the completion of the sale, the chief executive officer now directly owns 67,058 shares in the company, valued at approximately $11,643,951.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deirdre Davey Mcgraw sold 5,500 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $174.04, for a total value of $957,220.00. Following the sale, the executive vice president now owns 8,138 shares of the company’s stock, valued at $1,416,337.52. The disclosure for this sale can be found here. Insiders sold a total of 41,260 shares of company stock valued at $7,105,121 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

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Ameriprise Financial 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.

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

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