Pacer Advisors Inc. Raises Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Pacer Advisors Inc. raised its stake in Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,182 shares of the financial services provider’s stock after buying an additional 1,533 shares during the quarter. Pacer Advisors Inc.’s holdings in Ameriprise Financial were worth $3,108,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. BOKF NA boosted its position in shares of Ameriprise Financial by 12.7% during the 2nd quarter. BOKF NA now owns 12,334 shares of the financial services provider’s stock worth $4,097,000 after purchasing an additional 1,390 shares during the period. 17 Capital Partners LLC acquired a new position in Ameriprise Financial during the fourth quarter worth $2,078,000. Acadian Asset Management LLC purchased a new position in shares of Ameriprise Financial during the third quarter worth $1,150,000. Thrivent Financial for Lutherans grew its stake in shares of Ameriprise Financial by 74.9% in the second quarter. Thrivent Financial for Lutherans now owns 553,481 shares of the financial services provider’s stock valued at $183,843,000 after buying an additional 236,944 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Ameriprise Financial by 6.4% in the third quarter. Amalgamated Bank now owns 30,245 shares of the financial services provider’s stock valued at $9,971,000 after buying an additional 1,806 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $438.44 on Friday. The business has a 50-day simple moving average of $405.75 and a 200-day simple moving average of $368.06. The company has a market cap of $43.93 billion, a PE ratio of 18.49, a P/E/G ratio of 0.81 and a beta of 1.36. Ameriprise Financial, Inc. has a one year low of $279.85 and a one year high of $440.64. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56.

Ameriprise Financial (NYSE:AMPGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, beating analysts’ consensus estimates of $7.67 by $0.08. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $6.94 EPS. On average, equities research analysts forecast that Ameriprise Financial, Inc. will post 34.2 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 9th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s dividend payout ratio (DPR) is 22.78%.

Insider Transactions at Ameriprise Financial

In other news, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Gerard P. Smyth sold 4,440 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $407.92, for a total value of $1,811,164.80. Following the transaction, the executive vice president now directly owns 3,787 shares of the company’s stock, valued at approximately $1,544,793.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the sale, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at $559,159.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,161 shares of company stock valued at $35,560,647. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMP shares. UBS Group increased their target price on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. The Goldman Sachs Group increased their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Evercore ISI downgraded shares of Ameriprise Financial from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $385.00 to $400.00 in a research note on Thursday, January 4th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and a consensus target price of $428.83.

Check Out Our Latest Report on AMP

Ameriprise Financial Profile

(Free Report)

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

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

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