Ameriprise Financial, Inc. (AMP) Holdings Cut by Norinchukin Bank The

Norinchukin Bank The trimmed its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 42.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,681 shares of the financial services provider’s stock after selling 8,614 shares during the period. Norinchukin Bank The’s holdings in Ameriprise Financial were worth $1,980,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Leavell Investment Management Inc. lifted its stake in shares of Ameriprise Financial by 8.6% in the fourth quarter. Leavell Investment Management Inc. now owns 3,807 shares of the financial services provider’s stock valued at $645,000 after buying an additional 300 shares during the period. Advisory Services Network LLC lifted its stake in shares of Ameriprise Financial by 6.7% in the fourth quarter. Advisory Services Network LLC now owns 5,294 shares of the financial services provider’s stock valued at $897,000 after buying an additional 331 shares during the period. Cetera Advisors LLC lifted its stake in shares of Ameriprise Financial by 13.5% in the fourth quarter. Cetera Advisors LLC now owns 2,829 shares of the financial services provider’s stock valued at $478,000 after buying an additional 336 shares during the period. Lee Financial Co lifted its stake in shares of Ameriprise Financial by 99.4% in the fourth quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock valued at $116,000 after buying an additional 340 shares during the period. Finally, Telemus Capital LLC lifted its stake in shares of Ameriprise Financial by 4.6% in the fourth quarter. Telemus Capital LLC now owns 9,187 shares of the financial services provider’s stock valued at $1,557,000 after buying an additional 403 shares during the period. Institutional investors own 80.51% of the company’s stock.

AMP has been the subject of several research reports. SunTrust Banks increased their target price on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. ValuEngine cut shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada set a $168.00 target price on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Saturday, December 16th. Zacks Investment Research cut shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Morgan Stanley increased their target price on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $164.98.

Ameriprise Financial, Inc. (NYSE:AMP) opened at $158.01 on Friday. Ameriprise Financial, Inc. has a 52-week low of $118.84 and a 52-week high of $183.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $23,577.08, a PE ratio of 12.97 and a beta of 1.85.

Ameriprise Financial (NYSE:AMP) last posted 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). 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 during the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the company earned $2.46 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. analysts expect that Ameriprise Financial, Inc. will post 14.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, February 15th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 35.17%.

In other news, insider David Kent Stewart sold 603 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $160.72, for a total transaction of $96,914.16. Following the completion of the sale, the insider now owns 20,081 shares of the company’s stock, valued at $3,227,418.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William F. Truscott sold 31,379 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 67,058 shares of the company’s stock, valued at approximately $11,643,951.12. The disclosure for this sale can be found here. Insiders sold 49,628 shares of company stock valued at $8,570,993 in the last three months. Company insiders own 1.50% of the company’s stock.

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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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