Ameriprise Financial, Inc. (AMP) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC raised its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 739,334 shares of the financial services provider’s stock after acquiring an additional 19,452 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Ameriprise Financial were worth $94,709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its stake in Ameriprise Financial by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,359 shares of the financial services provider’s stock valued at $815,000 after acquiring an additional 77 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Ameriprise Financial by 40.4% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 278 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 80 shares during the last quarter. Stewart & Patten Co. LLC boosted its stake in Ameriprise Financial by 2.5% in the first quarter. Stewart & Patten Co. LLC now owns 3,330 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 82 shares during the last quarter. MV Capital Management Inc. boosted its stake in Ameriprise Financial by 81.5% in the first quarter. MV Capital Management Inc. now owns 196 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 88 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Ameriprise Financial by 3.4% in the fourth quarter. IFP Advisors Inc now owns 2,893 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Shares of AMP stock opened at $146.39 on Friday. The company has a market cap of $19.87 billion, a P/E ratio of 9.80 and a beta of 1.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 0.81. Ameriprise Financial, Inc. has a 12 month low of $95.69 and a 12 month high of $153.15.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $3.75 EPS for the quarter, beating the Zacks’ consensus estimate of $3.61 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Ameriprise Financial had a net margin of 14.85% and a return on equity of 37.97%. Ameriprise Financial’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.70 EPS. As a group, research analysts forecast that Ameriprise Financial, Inc. will post 15.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a dividend of $0.97 per share. This is a boost from Ameriprise Financial’s previous quarterly dividend of $0.90. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, May 3rd. Ameriprise Financial’s dividend payout ratio is presently 25.97%.

A number of research analysts have weighed in on the stock. Citigroup set a $178.00 target price on shares of Ameriprise Financial and gave the company a “buy” rating in a research note on Thursday. Ameriprise Financial upgraded shares of Ameriprise Financial from a “neutral” rating to an “outperform” rating and upped their price target for the company from $145.00 to $202.00 in a research note on Monday, May 13th. Credit Suisse Group upgraded shares of Ameriprise Financial from a “neutral” rating to an “outperform” rating and upped their price target for the company from $145.00 to $202.00 in a research note on Monday, May 13th. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada set a $147.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $171.56.

In related news, EVP Colin Moore sold 24,032 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $133.64, for a total transaction of $3,211,636.48. Following the sale, the executive vice president now owns 56,447 shares of the company’s stock, valued at approximately $7,543,577.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

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Ameriprise Financial Company Profile

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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

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